UDMY · As filed with the SEC

Udemy income statement, by quarter

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.

Condensed Consolidated Statements of Operations · USD thousands, except per-share amounts

USD thousands, except per-share amounts	Q1 2026 3 months ended Mar 31, 2026	Q4 2025^† 3 months ended Dec 31, 2025	Q3 2025 3 months ended Sep 30, 2025	Q2 2025 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025	Q4 2024^† 3 months ended Dec 31, 2024	Q3 2024 3 months ended Sep 30, 2024	Q2 2024 3 months ended Jun 30, 2024
Revenue	191,407	193,985^†	195,680	199,879	200,300	199,942^†	195,417	194,360
Cost of revenue	62,140	65,939^†	66,812	67,830	70,857	72,737^†	72,362	73,244
Gross profit	129,267	128,046^†	128,868	132,049	129,443	127,205^†	123,055	121,116
Operating expenses
Sales and marketing	89,606	82,619^†	81,512	79,820	82,500	82,658^†	85,997	86,990
Research and development	26,793	24,613^†	25,581	26,361	24,958	28,831^†	32,976	32,408
General and administrative	25,394	24,244^†	21,937	21,831	25,008	21,900^†	22,266	27,264
Restructuring charges	0	0^†	0	109	1,469	5,410^†	11,275	0
Total operating expenses	141,793	131,476^†	129,030	128,121	133,935	138,799^†	152,514	146,662
Loss from operations	(12,526)	(3,430)^†	(162)	3,928	(4,492)	(11,594)^†	(29,459)	(25,546)
Other income, net
Interest income	2,827	3,186^†	3,784	3,663	3,575	4,011^†	4,732	5,195
Interest expense	(240)	(249)^†	(350)	(120)	(15)	(45)^†	504	(77)
Other income (expense), net	(622)	(483)^†	(523)	(73)	98	(578)^†	(185)	(10,584)
Total other income, net	1,965	2,454^†	2,911	3,470	3,658	3,388^†	5,051	(5,466)
Net loss before taxes	(10,561)	(976)^†	2,749	7,398	(834)	(8,206)^†	(24,408)	(31,012)
Income tax provision	2,053	1,353^†	1,107	1,133	(937)	(7,042)^†	(863)	(802)
Net loss	(12,614)	(2,329)^†	1,642	6,265	(1,771)	(9,864)^†	(25,271)	(31,814)
Net loss per share
Basic (in dollars per share)	(0.09)	—	0.01	0.04	(0.01)	—	(0.17)	(0.21)
Diluted (in dollars per share)	(0.09)	—	0.01	0.04	(0.01)	—	(0.17)	(0.21)
Weighted-average shares used in computing net loss per share
Basic (in shares)	145,236,191	—	149,917,275	149,246,828	148,027,183	—	149,179,826	152,987,927
Diluted (in shares)	145,236,191	—	151,996,844	150,492,003	148,027,183	—	149,179,826	152,987,927

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.