UDMY · As filed with the SEC

Udemy balance sheet, 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 Balance Sheets · USD thousands

USD thousands	Q1 2026 Mar 31, 2026	Q4 2025 Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024
Assets
Current assets:
Cash and cash equivalents	252,563	231,485	235,929	230,258	189,617	190,592	204,563	272,364
Restricted cash, current	101	201	203	203	0	100	100	100
Marketable securities	105,256	127,259	135,292	161,718	167,398	163,844	152,546	148,559
Accounts receivable, net	97,139	95,891	76,560	84,441	111,172	88,216	81,164	82,078
Prepaid expenses and other current assets	30,527	25,469	28,587	22,919	26,133	22,735	24,778	19,922
Deferred contract costs, current	48,046	43,908	47,567	47,957	46,736	40,841	44,861	44,881
Total current assets	533,632	524,213	524,138	547,496	541,056	506,328	508,012	567,904
Property and equipment, net	6,395	6,694	6,976	7,186	6,765	4,534	3,320	3,842
Capitalized software, net	28,773	28,964	29,122	29,490	30,760	31,548	33,275	32,883
Operating lease right-of-use assets	8,697	9,040	10,117	9,104	10,035	10,950	11,833	12,742
Restricted cash, non-current	904	183	912	912	1,115	1,115	1,115	1,115
Deferred contract costs, non-current	27,089	28,010	26,636	28,476	30,192	32,212	32,276	33,585
Intangible assets, net	2,031	2,448	2,865	3,281	2,198	2,428	2,656	3,314
Goodwill	12,646	12,646	12,646	12,646	12,646	12,646	12,646	12,646
Strategic investments	8,500	—	—	—	—	0	0	0
Other assets	5,920	5,500	5,492	5,365	4,226	3,867	3,772	3,908
Total assets	634,587	617,698	618,904	643,956	638,993	605,628	608,905	671,939
Liabilities and stockholders' equity
Current liabilities:
Accounts payable	12,887	8,198	6,534	7,408	4,430	6,311	4,273	3,670
Accrued expenses and other current liabilities	49,344	32,126	26,190	27,585	30,171	31,156	25,459	34,830
Content costs payable	28,214	33,175	32,275	33,167	34,485	37,607	36,299	35,650
Accrued compensation and benefits	20,982	27,958	22,953	20,356	22,317	28,793	32,179	20,213
Operating lease liabilities, current	4,870	4,541	5,298	2,933	2,584	2,502	4,689	4,711
Deferred revenue, current	299,857	294,071	295,926	311,223	326,331	291,106	299,955	309,769
Total current liabilities	416,154	400,069	389,176	402,672	420,318	397,475	402,854	408,843
Operating lease liabilities, non-current	4,851	5,686	6,670	6,286	7,286	8,315	7,424	8,370
Deferred revenue, non-current	1,136	1,248	1,240	1,635	2,025	2,438	2,364	2,457
Other liabilities, non-current	268	234	5	5	5	6	6	15
Total liabilities	422,409	407,237	397,091	410,598	429,634	408,234	412,648	419,685
Stockholders' equity:
Common stock, $0.00001 par value - 950,000,000 shares authorized; 145,937,121 and 145,050,642 shares issued and outstanding as of March 31, 2026, and December 31, 2025, respectively.	1	1	1	1	1	1	1	2
Additional paid-in capital	1,025,943	1,011,477	1,020,518	1,033,803	1,016,130	1,002,390	991,176	1,022,147
Accumulated other comprehensive income	27	162	144	46	(15)	(11)	202	(44)
Accumulated deficit	(813,793)	(801,179)	(798,850)	(800,492)	(806,757)	(804,986)	(795,122)	(769,851)
Total stockholders’ equity	212,178	210,461	221,813	233,358	209,359	197,394	196,257	252,254
Total liabilities and stockholders' equity	634,587	617,698	618,904	643,956	638,993	605,628	608,905	671,939

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

Data on this page was fetched Nov 6, 2026, 8:35 AM ET. The filing on SEC.gov is the record.