UDMY · As filed with the SEC

Udemy cash flow 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 Cash Flows · USD thousands

USD thousands	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
Cash flows from operating activities:
Net loss	(12,614)	(2,329)^†	1,642^†	6,265^†
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	6,364	6,074^†	6,139^†	6,941^†
Amortization of deferred contract costs	17,375	17,148^†	16,780^†	15,992^†
Stock-based compensation	16,368	15,073^†	18,294^†	17,420^†
Allowance for credit losses	475	528^†	444^†	290^†
Net (accretion) amortization of marketable securities	83	(510)^†	(543)^†	(847)^†
Non-cash operating lease expense	1,138	1,077^†	854^†	931^†
Unrealized gain on strategic investments	(500)	0^†	0^†	0^†
Other	552	513^†	423^†	273^†
Changes in operating assets and liabilities:
Accounts receivable	(1,702)	(19,866)^†	7,437^†	26,441^†
Prepaid expenses and other assets	(5,094)	2,763^†	(6,392)^†	3,693^†
Deferred contract costs	(20,592)	(14,863)^†	(14,550)^†	(15,497)^†
Accounts payable, accrued expenses and other liabilities	14,197	12,590^†	909^†	(221)^†
Content costs payable	(4,961)	900^†	(893)^†	(1,318)^†
Operating lease liabilities	(1,305)	(1,741)^†	880^†	(662)^†
Deferred revenue	5,656	(1,842)^†	(15,693)^†	(15,498)^†
Net cash provided by operating activities	15,440	15,515^†	15,731^†	44,203^†
Cash flows from investing activities:
Purchases of marketable securities	(21,863)	(44,800)^†	(25,298)^†	(33,861)^†
Proceeds from maturities of marketable securities	43,550	53,365^†	52,350^†	40,350^†
Purchases of property and equipment	(548)	(522)^†	(620)^†	(2,280)^†
Capitalized software costs	(4,058)	(3,204)^†	(3,025)^†	(2,912)^†
Payments related to asset acquisitions	—	0^†	0^†	—
Purchases of strategic investments	(8,000)	—	—	—
Net cash provided by (used in) investing activities	9,081	4,839^†	23,407^†	(203)^†
Cash flows from financing activities:
Net proceeds from exercise of stock options	0	8^†	13^†	8^†
Proceeds from share purchases under employee stock purchase plan	—	1,615^†	0^†	—
Taxes paid related to net share settlement of equity awards	(2,802)	(5,468)^†	(4,921)^†	(3,969)^†
Repurchases of common stock and excise taxes paid	(117)	(21,753)^†	(28,337)^†	(875)^†
Payments of debt issuance costs	—	0^†	(219)^†	—
Net cash used in financing activities	(2,919)	(25,598)^†	(33,464)^†	(3,495)^†
Effect of foreign exchange rates on cash flows	97	69^†	(3)^†	136^†
Net increase (decrease) in cash, cash equivalents and restricted cash	21,699	(5,175)^†	5,671^†	40,641^†
Cash, cash equivalents and restricted cash—Beginning of period	231,869	237,044	231,373	190,732
Cash, cash equivalents and restricted cash—End of period	253,568	231,869	237,044	231,373
Supplemental disclosures of cash flow information:
Interest paid	—	255^†	44^†	0^†
Income taxes paid	1,936	3,548^†	385^†	299^†
Supplemental disclosure of non-cash investing and financing activities:
Stock-based compensation in capitalized costs	905	1,579^†	1,665^†	1,647^†
Net change in unrealized gain (loss) on marketable securities	(233)	22^†	82^†	(37)^†
Increase (decrease) in purchases of property and equipment included in liabilities	(76)	(38)^†	(108)^†	(938)^†
Operating lease right-of-use assets exchanged for operating lease liabilities	795	0^†	1,867^†	0^†
Accrued excise tax on share repurchases	—	117^†	—	—

† 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.