UDMY · As filed with the SEC
Udemy income statement, by fiscal year
The statement as Udemy presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Operations · USD thousands, except per-share amounts
| USD thousands, except per-share amounts | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 789,844 | 786,565 | 728,937 | 629,097 | 515,657 | 429,899 | 276,327 |
| Cost of revenue | 271,438 | 294,625 | 309,598 | 275,320 | 236,024 | 209,253 | 143,510 |
| Gross profit | 518,406 | 491,940 | 419,339 | 353,777 | 279,633 | 220,646 | 132,817 |
| Operating expenses | |||||||
| Sales and marketing | 326,451 | 342,946 | 316,738 | 301,347 | 227,023 | 192,600 | 126,436 |
| Research and development | 101,513 | 125,438 | 120,335 | 104,556 | 66,107 | 50,643 | 34,379 |
| General and administrative | 93,020 | 96,199 | 93,898 | 99,064 | 64,410 | 50,783 | 40,033 |
| Restructuring charges | 1,578 | 16,685 | 10,263 | — | — | — | — |
| Total operating expenses | 522,562 | 581,268 | 541,234 | 504,967 | 357,540 | 294,026 | 200,848 |
| Loss from operations | (4,156) | (89,328) | (121,895) | (151,190) | (77,907) | (73,380) | (68,031) |
| Other income (expense), net | |||||||
| Interest income (expense), net | — | — | — | 4,297 | (16) | (1,146) | 87 |
| Interest income | 14,208 | 19,666 | 20,670 | — | — | — | — |
| Interest expense | — | — | (518) | — | — | — | — |
| Interest expense | (734) | 379 | — | — | — | — | — |
| Other expense, net | (981) | (11,655) | (1,898) | (4,696) | (920) | 55 | (384) |
| Total other income, net | 12,493 | 8,390 | 18,254 | (399) | (936) | (1,091) | (297) |
| Net income (loss) before taxes | 8,337 | (80,938) | (103,641) | (151,589) | (78,843) | (74,471) | (68,328) |
| Income tax provision | 4,530 | (4,350) | (3,653) | (2,286) | (1,183) | (3,149) | (1,375) |
| Net loss attributable to common stockholders | — | — | (107,294) | (153,875) | — | (77,620) | — |
| Net loss attributable to common stockholders | — | — | (107,294) | (153,875) | — | (77,620) | — |
| Net income (loss) | 3,807 | (85,288) | — | — | (80,026) | (77,620) | (69,703) |
| Net income (loss) per share | |||||||
| Basic (in dollars per share) | 0.03 | (0.56) | (0.71) | (1.09) | (1.46) | (2.33) | (2.57) |
| Diluted (in dollars per share) | 0.03 | (0.56) | (0.71) | (1.09) | (1.46) | (2.33) | (2.57) |
| Weighted-average shares used in computing net income (loss) per share | |||||||
| Basic (in shares) | 148,205,408 | 151,320,497 | 150,098,776 | 140,873,504 | 54,972,827 | 33,384,438 | 27,096,379 |
| Diluted (in shares) | 150,005,398 | 151,320,497 | 150,098,776 | 140,873,504 | 54,972,827 | 33,384,438 | 27,096,379 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.