2023 Q1 Form 10-K Financial Statement

#000160793923000034 Filed on February 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $176.4M $165.3M $629.1M
YoY Change 15.9% 22.06% 22.0%
Cost Of Revenue $76.70M $73.99M $275.3M
YoY Change 15.45% 15.39% 16.65%
Gross Profit $99.73M $91.34M $353.8M
YoY Change 16.25% 28.05% 26.51%
Gross Profit Margin 56.53% 55.25% 56.24%
Selling, General & Admin $106.0M $115.1M $400.4M
YoY Change 19.72% 24.23% 37.39%
% of Gross Profit 106.28% 126.05% 113.18%
Research & Development $30.89M $29.96M $104.6M
YoY Change 36.85% 55.97% 58.16%
% of Gross Profit 30.97% 32.8% 29.55%
Depreciation & Amortization $5.786M $5.600M $21.22M
YoY Change 16.49% 14.36% 38.69%
% of Gross Profit 5.8% 6.13% 6.0%
Operating Expenses $147.0M $145.4M $505.0M
YoY Change 32.32% 29.54% 41.23%
Operating Profit -$47.28M -$54.10M -$151.2M
YoY Change 86.75% 32.12% 94.06%
Interest Expense $3.932M $3.335M $4.297M
YoY Change 1518.11% 664.91% -26956.25%
% of Operating Profit
Other Income/Expense, Net $3.790M -$257.0K -$399.0K
YoY Change -379100.0% 24.76% -57.37%
Pretax Income -$43.49M -$51.02M -$151.6M
YoY Change 71.77% 25.31% 92.27%
Income Tax $1.057M $1.135M $2.286M
% Of Pretax Income
Net Earnings -$44.54M -$52.15M -$153.9M
YoY Change 73.67% 26.02% 92.28%
Net Earnings / Revenue -25.25% -31.54% -24.46%
Basic Earnings Per Share -$0.31 -$1.09
Diluted Earnings Per Share -$0.31 -$0.36 -$1.09
COMMON SHARES
Basic Shares Outstanding 145.4M shares 141.3M shares 140.9M shares
Diluted Shares Outstanding 145.7M shares 140.9M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $445.2M $465.4M $465.4M
YoY Change -12.86% -12.83% -12.83%
Cash & Equivalents $275.6M $313.7M $313.7M
Short-Term Investments $169.6M $151.7M $151.7M
Other Short-Term Assets $53.35M $3.244M $45.11M
YoY Change 2060.67% 69.93% 29.54%
Inventory
Prepaid Expenses $10.51M
Receivables $96.42M $104.5M $104.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $595.0M $615.0M $615.0M
YoY Change -3.57% -4.18% -4.18%
LONG-TERM ASSETS
Property, Plant & Equipment $6.206M $7.012M $18.39M
YoY Change -30.56% -29.08% 85.99%
Goodwill $12.65M $12.65M
YoY Change 0.0% 0.0%
Intangibles $8.264M $9.331M
YoY Change -34.05% -31.37%
Long-Term Investments $12.10M $12.10M $12.10M
YoY Change -19.31% 21.04% 21.04%
Other Assets $3.631M $3.632M $42.67M
YoY Change 3.27% 11.86% 34.21%
Total Long-Term Assets $121.9M $122.6M $122.6M
YoY Change 0.01% 25.08% 25.08%
TOTAL ASSETS
Total Short-Term Assets $595.0M $615.0M $615.0M
Total Long-Term Assets $121.9M $122.6M $122.6M
Total Assets $716.9M $737.6M $737.6M
YoY Change -2.98% -0.31% -0.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.79M $14.53M $14.53M
YoY Change -33.69% -58.04% -58.04%
Accrued Expenses $7.262M $8.494M $45.01M
YoY Change 31.46% 15.94% -6.35%
Deferred Revenue $276.1M $273.9M
YoY Change 21.23% 31.53%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $382.5M $386.9M $386.9M
YoY Change 12.64% 13.35% 13.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $21.00K $464.0K $11.35M
YoY Change -99.53% -92.89% 28.87%
Total Long-Term Liabilities $21.00K $464.0K $11.35M
YoY Change -99.53% -92.89% 28.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $382.5M $386.9M $386.9M
Total Long-Term Liabilities $21.00K $464.0K $11.35M
Total Liabilities $391.8M $398.3M $398.3M
YoY Change 9.33% 13.74% 13.74%
SHAREHOLDERS EQUITY
Retained Earnings -$656.9M -$612.4M
YoY Change 35.68% 33.56%
Common Stock $1.000K $1.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $325.1M $339.3M $339.3M
YoY Change
Total Liabilities & Shareholders Equity $716.9M $737.6M $737.6M
YoY Change -2.98% -0.31% -0.31%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$44.54M -$52.15M -$153.9M
YoY Change 73.67% 26.02% 92.28%
Depreciation, Depletion And Amortization $5.786M $5.600M $21.22M
YoY Change 16.49% 14.36% 38.69%
Cash From Operating Activities -$19.90M -$30.69M -$60.96M
YoY Change 42.36% -1424.34% 758.07%
INVESTING ACTIVITIES
Capital Expenditures $100.0K $3.675M $1.564M
YoY Change -35.9% -194.67% -70.68%
Acquisitions $1.500M
YoY Change -93.88%
Other Investing Activities -$15.96M -$84.87M -$157.5M
YoY Change 219.26% 748.75% 356.66%
Cash From Investing Activities -$19.32M -$88.55M -$173.2M
YoY Change 133.41% 537.88% 228.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.180M 4.993M $14.76M
YoY Change 1538.89% -98.8% -96.48%
NET CHANGE
Cash From Operating Activities -$19.90M -30.69M -$60.96M
Cash From Investing Activities -$19.32M -88.55M -$173.2M
Cash From Financing Activities $1.180M 4.993M $14.76M
Net Change In Cash -$38.05M -114.2M -$219.5M
YoY Change 71.61% -128.3% -161.16%
FREE CASH FLOW
Cash From Operating Activities -$19.90M -$30.69M -$60.96M
Capital Expenditures $100.0K $3.675M $1.564M
Free Cash Flow -$20.00M -$34.36M -$62.52M
YoY Change 41.5% -654.28% 402.62%

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CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:10pt"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the consolidated financial statements and the results of operations during the reporting periods.</span></div><div style="margin-top:10pt"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Significant estimates and assumptions reflected in the consolidated financial statements include, but are not limited to, allowance for credit losses, capitalization of internally developed software and ass</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ociated useful lives, stock-based compensation, determination of the income tax valuation allowance and the potential outcome of uncertain tax positions, estimated instructor withholding tax obligations, estimated period of consumption for consumer learners’ single course purchases, the period of benefit for deferred commissions, t</span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">he fair value and associated useful lives of intangible assets and goodwill acquired via business combinations, and the valuation of privately-held strategic investments, including impairments. Management periodically evaluates such estimates and assumptions for continued reasonableness.</span></div><div style="margin-top:10pt"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Actual results may ultimately differ from management’s estimates and such differences could be material to the financial position and results of operations.</span></div>
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of credit risk</span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—</span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, marketable securities, restricted cash, and accounts receivable. For cash and restricted cash, the Company is exposed to credit risk in the event of default by the financial institutions to the extent the amounts recorded on the accompanying consolidated balance sheets are in excess of federal insurance limits. The Company’s investments, classified as cash equivalents and marketable securities, consist of high-credit-quality instruments and fixed-income securities.</span>The Company generally does not require collateral or other security in support of accounts receivable. To reduce credit risk, management performs ongoing evaluations of its customers’ financial condition and maintains an allowance based upon expected credit losses of outstanding receivables.
CY2022 udmy Revenue Recognition Refund Term
RevenueRecognitionRefundTerm
P30D
CY2022 us-gaap Advertising Expense
AdvertisingExpense
97000000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
105200000 usd
CY2020 us-gaap Advertising Expense
AdvertisingExpense
110500000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
678000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
960000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
110000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1528000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
643000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
326000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
291000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
678000 usd
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
582000 usd
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
182000 usd
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
121000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
643000 usd
CY2022 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
2900000 usd
CY2021 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
0 usd
CY2022Q4 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P4Y
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
204400000 usd
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
139500000 usd
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
83400000 usd
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
25837000 usd
CY2021 udmy Capitalized Contract Cost Amount Capitalized During The Period
CapitalizedContractCostAmountCapitalizedDuringThePeriod
36509000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
278279000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
210554000 usd
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
142376000 usd
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
87709000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
478700000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.69
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
44545000 usd
CY2022 udmy Capitalized Contract Cost Amount Capitalized During The Period
CapitalizedContractCostAmountCapitalizedDuringThePeriod
53379000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
32279000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
65645000 usd
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
17801000 usd
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
44545000 usd
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
14380000 usd
CY2020 udmy Capitalized Contract Cost Amount Capitalized During The Period
CapitalizedContractCostAmountCapitalizedDuringThePeriod
18943000 usd
CY2020 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
7486000 usd
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
25837000 usd
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.196
CY2021Q4 udmy Class Of Warrant Or Right Warrants Reclassified
ClassOfWarrantOrRightWarrantsReclassified
200000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
465584000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
34000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
246000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
465372000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
84017000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
246000 usd
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
0 security
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
10512000 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
12465000 usd
CY2022Q4 udmy Capitalized Computer Costs Current
CapitalizedComputerCostsCurrent
941000 usd
CY2021Q4 udmy Capitalized Computer Costs Current
CapitalizedComputerCostsCurrent
808000 usd
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
181000 usd
CY2021Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
745000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
3244000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1909000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
14878000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
15927000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
32182000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
30832000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
25170000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20945000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7012000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9887000 usd
CY2022 us-gaap Depreciation
Depreciation
4300000 usd
CY2021 us-gaap Depreciation
Depreciation
4500000 usd
CY2020 us-gaap Depreciation
Depreciation
4200000 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
63748000 usd
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
43804000 usd
CY2022Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
36336000 usd
CY2021Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
23750000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
27412000 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
20054000 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
12600000 usd
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
9300000 usd
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
6900000 usd
CY2022Q4 udmy Computer Software Expected Amortization Year One
ComputerSoftwareExpectedAmortizationYearOne
13975000 usd
CY2022Q4 udmy Computer Software Expected Amortization Year Two
ComputerSoftwareExpectedAmortizationYearTwo
9651000 usd
CY2022Q4 udmy Computer Software Expected Amortization Year Three
ComputerSoftwareExpectedAmortizationYearThree
3786000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
27412000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
6800000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
800000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
6740000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7135000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5770000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
809000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
410000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
14124000 usd
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
578000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
13546000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
7826000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
7212000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
5921000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
809000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
410000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
22178000 usd
CY2021 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5800000 usd
CY2020 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5500000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
15100000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5769000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9331000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
15100000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1503000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13597000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4300000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1500000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4108000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2795000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
917000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
917000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
594000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9331000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
8494000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7326000 usd
CY2022Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
6627000 usd
CY2021Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
18392000 usd
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
9137000 usd
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
10786000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
0 usd
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
803000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
6989000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2833000 usd
CY2022Q4 udmy Accrued Expenses And Other Liabilities Current
AccruedExpensesAndOtherLiabilitiesCurrent
31247000 usd
CY2021Q4 udmy Accrued Expenses And Other Liabilities Current
AccruedExpensesAndOtherLiabilitiesCurrent
40140000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
24333000 usd
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
15860000 usd
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
21000000 usd
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
61193000 usd
CY2022Q4 us-gaap Contractual Obligation
ContractualObligation
45000000 usd
CY2022Q4 us-gaap Contractual Obligation
ContractualObligation
45000000 usd
CY2022Q4 us-gaap Purchase Obligation
PurchaseObligation
12000000 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-155528000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-80243000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-77212000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
3939000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1400000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
2741000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-151589000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-78843000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-74471000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
45000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
183000 usd
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
63000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2241000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1149000 usd
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2937000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2286000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1332000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3000000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-149000 usd
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
149000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-149000 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
149000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2286000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1183000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3149000 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0151
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0150
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0423
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0124
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0107
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0117
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0033
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0012
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0032
CY2022 udmy Effective Income Tax Rate Reconciliation Withholding Taxes Percent
EffectiveIncomeTaxRateReconciliationWithholdingTaxesPercent
-0.0060
CY2021 udmy Effective Income Tax Rate Reconciliation Withholding Taxes Percent
EffectiveIncomeTaxRateReconciliationWithholdingTaxesPercent
-0.0078
CY2020 udmy Effective Income Tax Rate Reconciliation Withholding Taxes Percent
EffectiveIncomeTaxRateReconciliationWithholdingTaxesPercent
-0.0306
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