Udemy
UDMY
Udemy trades at 0.4x EV/NTM revenue on a $319.5M enterprise value. Revenue grew -4.4% year over year to $191.4M in the quarter ending March 2026, an annual run rate of $765.0M. Udemy reports a 67.5% gross margin.
ARR ($M)
765
Net Dollar Retention
--
ARR Growth
-4.5%
EV / NTM Revenue
0.4x
Payback Period
EV / Run Rate
0.4x
Price & Key Metrics
Price Performance
Company Details
Share Price: 4.63
Last Filing Date: 2026-03-31
Fiscal Year End: 12-31
Last Filing: Form
Founding Year: 2010
IPO Year: 2021
% of 52 wk High: 62%
Description
Udemy is a global learning company whose online platform empowers organizations and individuals with flexible and effective skill acquisition and development. Udemy’s learning marketplace platform enables tens of thousands of subject matter experts to develop, distribute and enhance content that reaches Udemy’s broad global audience of 59 million learners. Udemy leverages technology, data and insights to deliver personalized and effective learning experiences.
Categories
EdTech
Marketplace
B2B SaaS
HCM Software
Enterprise Software
PLG
Valuation
Market Cap: 677.283
Enterprise Value: 319.464
EV / Revenue Run Rate: 0.4x
EV / NTM Revenue: 0.4x
EV / 2026 Revenue Estimates: 0.4x
EV / 2027 Revenue Estimates: 0.4x
EV / 2028 Revenue Estimates: --
Key Business Metrics
Net Dollar Retention: --
Customers: --
ARR: 765
ARR Growth %: -4%
ARR/Customer ($K): --
ARR/Employee ($K): 554
Revenue
Revenue Run Rate: 765
ARR: 765
2026 Revenue Estimates: 811
2027 Revenue Estimates: 860
2028 Revenue Estimates: --
LTM Revenue: 780
Last Year Run Rate: 801
Growth
Revenue Growth: -4%
ARR Growth: -4%
Growth Persistence: --
2026 Revenue Growth Estimates: 3%
2027 Revenue Growth Estimates: 6%
2028 Revenue Growth Estimates: --
Financials
Quarterly
Calendar Year
Frequently Asked Questions
How fast is Udemy growing?
Udemy grew revenue -4.4% year over year, reaching $191.4M in the quarter ending March 2026.
What multiple does Udemy trade at?
Udemy trades at 0.4x EV/NTM revenue and 0.4x EV/run-rate, on an enterprise value of $319.5M.
Is Udemy profitable?
For Udemy, operating income was -$12.5M last quarter and LTM free cash flow margin is 9.4%.
What sector is Udemy in?
Public Comps classifies Udemy under EdTech, Marketplace, B2B SaaS, HCM Software, Enterprise Software, and PLG.
Where does Public Comps get Udemy's data?
Figures come from Udemy's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.