Jul. 30 at 8:39 PM
$UDMY $7.12 bid. DAC (dollar average cost)
$725 (7.30.25). EXIT
$12.50.
UPDATE: Second Quarter 2025 Financial Highlights
Total revenue increased 3% year-over-year to
$199.9 million. Revenue growth includes a negative impact of 1 percentage point from changes in foreign exchange (FX) rates.
Enterprise segment, or Udemy Business, revenue of
$129.3 million increased 7% year-over-year, including the negative impact of 50 basis points from changes in FX rates.
Udemy Business Annual Recurring Revenue (ARR) increased 6% year-over-year to
$520.0 million.
Udemy Business Net Dollar Retention Rate (NDRR) was 95%, and Udemy Business Large Customer Net Dollar Retention Rate was 99%.
Consumer segment revenue of
$70.6 million decreased 4% year-over-year, including the negative impact of 2 percentage points from changes in FX rates. Revenue from consumer subscriptions accounted for 15% of the segment’s revenue, an increase of 2 percentage points from the prior quarter.
Net income was
$6.3 million, or 3% margin, while Adjusted EBITDA was
$28.4 million, or 14% margin, representing a 1,100 basis point expansion year-over-year.
Net cash provided by operating activities was
$44.2 million, while free cash flow for the quarter was positive
$39.0 million. Year-to-date net cash provided by operating activities was
$56.4 million, while free cash flow was positive
$46.1 million.
Cash, cash equivalents, restricted cash, and marketable securities was
$393.1 million at the end of the quarter.
