Financial Snapshot

Revenue
$776.2M
TTM
Gross Margin
61.12%
TTM
Net Earnings
-$95.67M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
126.1%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$196.3M
Q3 2024
Cash
Q3 2024
P/E
-13.02
Nov 29, 2024 EST
Free Cash Flow
$21.53M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $728.9M $629.1M $515.7M $429.9M $276.3M
YoY Change 15.87% 22.0% 19.95% 55.58%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $728.9M $629.1M $515.7M $429.9M $276.3M
Cost Of Revenue $309.6M $275.3M $236.0M $209.3M $143.5M
Gross Profit $419.3M $353.8M $279.6M $220.6M $132.8M
Gross Profit Margin 57.53% 56.24% 54.23% 51.33% 48.07%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $409.4M $400.4M $291.4M $243.4M $166.5M
YoY Change 2.25% 37.39% 19.74% 46.2%
% of Gross Profit 97.64% 113.18% 104.22% 110.3% 125.34%
Research & Development $120.3M $104.6M $66.11M $50.64M $34.38M
YoY Change 15.09% 58.16% 30.54% 47.31%
% of Gross Profit 28.7% 29.55% 23.64% 22.95% 25.88%
Depreciation & Amortization $24.59M $21.22M $15.30M $11.06M $8.740M
YoY Change 15.89% 38.69% 38.37% 26.49%
% of Gross Profit 5.86% 6.0% 5.47% 5.01% 6.58%
Operating Expenses $531.0M $505.0M $357.5M $294.0M $200.8M
YoY Change 5.15% 41.23% 21.6% 46.39%
Operating Profit -$111.6M -$151.2M -$77.91M -$73.38M -$68.03M
YoY Change -26.16% 94.06% 6.17% 7.86%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $20.15M $4.297M -$16.00K -$1.146M $87.00K
YoY Change 368.98% -26956.25% -98.6% -1417.24%
% of Operating Profit
Other Income/Expense, Net -$1.898M -$399.0K -$936.0K -$1.091M -$297.0K
YoY Change 375.69% -57.37% -14.21% 267.34%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$103.6M -$151.6M -$78.84M -$74.47M -$68.33M
YoY Change -31.63% 92.27% 5.87% 8.99%
Income Tax $3.653M $2.286M $1.183M $3.149M $1.375M
% Of Pretax Income
Net Earnings -$107.3M -$153.9M -$80.03M -$77.62M -$69.70M
YoY Change -30.27% 92.28% 3.1% 11.36%
Net Earnings / Revenue -14.72% -24.46% -15.52% -18.06% -25.22%
Basic Earnings Per Share -$0.71 -$1.09 -$1.46 -$2.33 -$2.57
Diluted Earnings Per Share -$0.71 -$1.09 -$1.46 -$2.33 -$2.57

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $476.9M $465.4M $533.9M $175.0M $49.14M
YoY Change 2.48% -12.83% 205.01% 256.2%
Cash & Equivalents $305.6M $313.7M $533.9M $175.0M $49.14M
Short-Term Investments $171.4M $151.7M
Other Short-Term Assets $62.84M $45.11M $34.83M $15.68M $8.434M
YoY Change 39.29% 29.54% 122.15% 85.87%
Inventory
Prepaid Expenses
Receivables $92.56M $104.5M $73.18M $46.26M $26.81M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $632.3M $615.0M $641.9M $237.0M $84.38M
YoY Change 2.82% -4.18% 170.87% 180.83%
Property, Plant & Equipment $10.13M $18.39M $9.887M $9.106M $7.956M
YoY Change -44.91% 85.99% 8.58% 14.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.31M $12.10M $10.00M
YoY Change -14.81% 21.04%
Other Assets $39.17M $42.67M $31.79M $22.01M $14.17M
YoY Change -8.21% 34.21% 44.43% 55.4%
Total Long-Term Assets $108.9M $122.6M $97.98M $45.13M $32.92M
YoY Change -11.17% 25.08% 117.09% 37.09%
Total Assets $741.2M $737.6M $739.9M $282.1M $117.3M
YoY Change
Accounts Payable $2.506M $14.53M $34.63M $23.71M $16.32M
YoY Change -82.75% -58.04% 46.04% 45.26%
Accrued Expenses $57.94M $45.01M $48.06M $53.84M $50.63M
YoY Change 28.73% -6.35% -10.74% 6.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $380.1M $386.9M $341.3M $263.8M $183.9M
YoY Change -1.75% 13.35% 29.39% 43.46%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.172M $11.35M $8.808M $4.864M $3.348M
YoY Change -63.25% 28.87% 81.09% 45.28%
Total Long-Term Liabilities $4.172M $11.35M $8.808M $4.864M $3.348M
YoY Change -63.25% 28.87% 81.09% 45.28%
Total Liabilities $384.3M $398.3M $350.2M $268.7M $187.2M
YoY Change -3.5% 13.74% 30.32% 43.49%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 150.1M shares 140.9M shares 54.97M shares 33.38M shares 27.10M shares
Diluted Shares Outstanding 150.1M shares 140.9M shares 54.97M shares 33.38M shares 27.10M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.246 Billion

About Udemy, Inc.

Udemy, Inc. operates online learning and teaching marketplace. The company is headquartered in San Francisco, California and currently employs 1,443 full-time employees. The company went IPO on 2021-10-29. The Company’s online platform enables organizations and individuals with skill acquisition, development, and validation. Its learning marketplace enables instructors to develop, distribute and enhance content. The company leverages technology, including artificial intelligence (AI), as well as data and insights, to deliver personalized learning experiences. Its segments include Enterprise and Consumer. The Enterprise segment is focused on helping business and government customers upskill and reskill their employees and public servants. The Consumer segment targets individual learners seeking to obtain hands-on learning, gain valuable job skills to advance their professional careers, or learn a new personal skill. Its platform provides individual learners and organizations all over the world with access to relevant content created by instructors across technology, business and soft skills, and personal development topics.

Industry: Services-Educational Services Peers: Adtalem Global Education Inc. CHEGG, INC Coursera, Inc. Duolingo, Inc. Graham Holdings Co Grand Canyon Education, Inc. Stride, Inc. LAUREATE EDUCATION, INC. Strategic Education, Inc.