(UDMY) Udemy - Overview

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US9026851066

Stock: Online Courses, Enterprise Platform, Consumer Marketplace, Skills Development

Total Rating 20
Risk 45
Buy Signal -1.26

EPS (Earnings per Share)

EPS (Earnings per Share) of UDMY over the last years for every Quarter: "2020-12": -0.4, "2021-03": -0.4, "2021-06": -0.04, "2021-09": -0.04, "2021-12": -0.25, "2022-03": -0.08, "2022-06": -0.1, "2022-09": -0.15, "2022-12": -0.16, "2023-03": -0.06, "2023-06": -0.01, "2023-09": 0.05, "2023-12": 0.02, "2024-03": 0.03, "2024-06": -0.04, "2024-09": 0.07, "2024-12": 0.1, "2025-03": 0.12, "2025-06": 0.16, "2025-09": 0.13, "2025-12": 0,

Revenue

Revenue of UDMY over the last years for every Quarter: 2020-12: 110.095, 2021-03: 124.55, 2021-06: 126.093, 2021-09: 129.563, 2021-12: 135.451, 2022-03: 152.223, 2022-06: 153.112, 2022-09: 158.432, 2022-12: 165.33, 2023-03: 176.43, 2023-06: 178.24, 2023-09: 184.722, 2023-12: 189.545, 2024-03: 196.846, 2024-06: 194.36, 2024-09: 195.417, 2024-12: 199.942, 2025-03: 200.3, 2025-06: 199.879, 2025-09: 195.68, 2025-12: null,
Risk 5d forecast
Volatility 52.6%
Relative Tail Risk -16.4%
Reward TTM
Sharpe Ratio -0.57
Alpha -58.49
Character TTM
Beta 1.430
Beta Downside 1.427
Drawdowns 3y
Max DD 71.05%
CAGR/Max DD -0.37

Description: UDMY Udemy January 20, 2026

Udemy, Inc. (NASDAQ: UDMY) runs a global online learning marketplace that connects instructors with learners across North America, Europe, the Middle East, Africa, Asia-Pacific, and Latin America, serving both enterprise customers (including government agencies) and individual consumers.

The platform offers a broad catalog of courses-spanning technology, business, soft skills, and personal development-in multiple languages, and enhances the experience with interactive tools (quizzes, exercises, direct instructor Q&A), an AI-driven chat assistant for content discovery, AI-powered skills mapping, and customized learning paths, as well as professional services such as learning architecture and content mapping.

Key recent metrics (FY 2023) include roughly $618 million in revenue, a year-over-year growth rate of about 30 %, an operating margin near 10 % and a gross margin of ~85 %, and an active learner base exceeding 70 million users, with over 200 k courses available. The company’s growth is buoyed by macro trends such as rising corporate training spend (projected CAGR ≈ 9 % through 2027) and the accelerating need for reskilling in AI-related roles.

For a deeper, data-driven valuation, you may want to explore the company’s profile on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income: -3.73m TTM > 0 and > 6% of Revenue
FCF/TA: 0.10 > 0.02 and ΔFCF/TA 6.86 > 1.0
NWC/Revenue: 16.96% < 20% (prev 13.55%; Δ 3.41% < -1%)
CFO/TA 0.13 > 3% & CFO 81.7m > Net Income -3.73m
Net Debt (-224.0m) to EBITDA (28.8m): -7.78 < 3
Current Ratio: 1.35 > 1.5 & < 3
Outstanding Shares: last quarter (152.0m) vs 12m ago 1.89% < -2%
Gross Margin: 65.04% > 18% (prev 0.61%; Δ 6443 % > 0.5%)
Asset Turnover: 129.6% > 50% (prev 127.5%; Δ 2.16% > 0%)
Interest Coverage Ratio: 6.82 > 6 (EBITDA TTM 28.8m / Interest Expense TTM 530.0k)

Altman Z'' -4.85

A: 0.22 (Total Current Assets 524.1m - Total Current Liabilities 389.2m) / Total Assets 618.9m
B: -1.29 (Retained Earnings -798.9m / Total Assets 618.9m)
C: 0.01 (EBIT TTM 3.61m / Avg Total Assets 613.9m)
D: -2.01 (Book Value of Equity -798.7m / Total Liabilities 397.1m)
Altman-Z'' Score: -4.85 = D

Beneish M -3.34

DSRI: 0.92 (Receivables 76.6m/81.2m, Revenue 795.8m/776.2m)
GMI: 0.94 (GM 65.04% / 61.06%)
AQI: 0.89 (AQ_t 0.13 / AQ_t-1 0.14)
SGI: 1.03 (Revenue 795.8m / 776.2m)
TATA: -0.14 (NI -3.73m - CFO 81.7m) / TA 618.9m)
Beneish M-Score: -3.34 (Cap -4..+1) = AA

What is the price of UDMY shares?

As of February 07, 2026, the stock is trading at USD 4.69 with a total of 4,955,075 shares traded.
Over the past week, the price has changed by -2.49%, over one month by -18.01%, over three months by -9.63% and over the past year by -37.80%.

Is UDMY a buy, sell or hold?

Udemy has received a consensus analysts rating of 3.77. Therefor, it is recommend to hold UDMY.
  • StrongBuy: 5
  • Buy: 2
  • Hold: 5
  • Sell: 0
  • StrongSell: 1

What are the forecasts/targets for the UDMY price?

Issuer Target Up/Down from current
Wallstreet Target Price 8.5 81.4%
Analysts Target Price 8.5 81.4%
ValueRay Target Price 3.7 -21.5%

UDMY Fundamental Data Overview February 03, 2026

P/E Forward = 37.3134
P/S = 0.8847
P/B = 3.1583
Revenue TTM = 795.8m USD
EBIT TTM = 3.61m USD
EBITDA TTM = 28.8m USD
Long Term Debt = 12.0m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 5.30m USD (from shortTermDebt, last quarter)
Debt = 12.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -224.0m USD (from netDebt column, last quarter)
Enterprise Value = 344.8m USD (704.1m + Debt 12.0m - CCE 371.2m)
Interest Coverage Ratio = 6.82 (Ebit TTM 3.61m / Interest Expense TTM 530.0k)
EV/FCF = 5.36x (Enterprise Value 344.8m / FCF TTM 64.4m)
FCF Yield = 18.66% (FCF TTM 64.4m / Enterprise Value 344.8m)
FCF Margin = 8.09% (FCF TTM 64.4m / Revenue TTM 795.8m)
Net Margin = -0.47% (Net Income TTM -3.73m / Revenue TTM 795.8m)
Gross Margin = 65.04% ((Revenue TTM 795.8m - Cost of Revenue TTM 278.2m) / Revenue TTM)
Gross Margin QoQ = 65.86% (prev 66.06%)
Tobins Q-Ratio = 0.56 (Enterprise Value 344.8m / Total Assets 618.9m)
Interest Expense / Debt = 2.92% (Interest Expense 350.0k / Debt 12.0m)
Taxrate = 40.27% (1.11m / 2.75m)
NOPAT = 2.16m (EBIT 3.61m * (1 - 40.27%))
Current Ratio = 1.35 (Total Current Assets 524.1m / Total Current Liabilities 389.2m)
Debt / Equity = 0.05 (Debt 12.0m / totalStockholderEquity, last quarter 221.8m)
Debt / EBITDA = -7.78 (Net Debt -224.0m / EBITDA 28.8m)
Debt / FCF = -3.48 (Net Debt -224.0m / FCF TTM 64.4m)
Total Stockholder Equity = 215.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.61% (Net Income -3.73m / Total Assets 618.9m)
RoE = -1.73% (Net Income TTM -3.73m / Total Stockholder Equity 215.5m)
RoCE = 1.59% (EBIT 3.61m / Capital Employed (Equity 215.5m + L.T.Debt 12.0m))
RoIC = 1.00% (NOPAT 2.16m / Invested Capital 215.5m)
WACC = 11.02% (E(704.1m)/V(716.0m) * Re(11.18%) + D(12.0m)/V(716.0m) * Rd(2.92%) * (1-Tc(0.40)))
Discount Rate = 11.18% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.03%
[DCF Debug] Terminal Value 67.36% ; FCFF base≈47.2m ; Y1≈46.1m ; Y5≈46.4m
Fair Price DCF = 5.13 (EV 517.6m - Net Debt -224.0m = Equity 741.6m / Shares 144.4m; r=11.02% [WACC]; 5y FCF grow -3.48% → 2.90% )
EPS Correlation: 81.05 | EPS CAGR: 18.91% | SUE: -3.48 | # QB: 0
Revenue Correlation: 92.22 | Revenue CAGR: 10.31% | SUE: 1.34 | # QB: 5
EPS next Quarter (2026-03-31): EPS=0.11 | Chg30d=-0.003 | Revisions Net=-2 | Analysts=3
EPS next Year (2026-12-31): EPS=0.49 | Chg30d=-0.004 | Revisions Net=+0 | Growth EPS=-5.3% | Growth Revenue=+2.8%

Additional Sources for UDMY Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle