Here are the 10-Q quarterly reports from Udemy, Inc. (UDMY) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow UDMY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UDMY filings page.
Udemy, Inc. reported lower quarterly revenue and a wider loss while progressing toward a planned all-stock merger with Coursera. For the three months ended March 31, 2026, revenue was $191.4 million versus $200.3 million a year earlier, and net loss increased to $12.6 million from $1.8 million.
Enterprise revenue grew to $132.9 million from $127.7 million, while Consumer revenue fell to $58.5 million from $72.6 million as transactional course sales declined. Subscription offerings across both segments represented 77% of consolidated revenue. Segment adjusted gross profit was stable at $136.2 million.
Udemy ended the quarter with $252.6 million in cash and cash equivalents and $105.3 million in marketable securities, and generated $15.4 million of net cash from operating activities. Deferred revenue was $301.0 million and remaining performance obligations were $579.7 million. The Coursera merger cleared key shareholder, antitrust, and SEC registration milestones, and Udemy recorded $2.3 million of related acquisition expenses.
Udemy, Inc. reported Q3 2025 results with revenue of $195.7 million and a return to profitability. Revenue was stable year over year while gross profit improved and operating expenses declined. Net income was $1.6 million, compared with a loss a year ago, as tighter spend and mix helped offset softer consumer demand.
Enterprise revenue rose to $132.8 million, while Consumer revenue was $62.9 million, reflecting lower transactional activity. Cash and cash equivalents were $235.9 million, and marketable securities were $135.3 million. Deferred revenue totaled $297.2 million, indicating contracted work yet to be recognized. The company also highlighted a new $200 million revolving credit facility, undrawn as of quarter end, and recognized $2.6 million year-to-date in breakage revenue from Udemy credits after a program change.
As of September 30, 2025, shares issued and outstanding were 147,075,948; as of October 22, 2025, 146,376,765 shares were outstanding.