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Udemy Inc operates a marketplace platform at the center of a vibrant knowledge network. The company operates under two operating and reportable segments Consumer and Enterprise, out of which the Enterprise segment derives the maximum revenue. Geographically, the company derives maximum revenue from North America. The company leverages data, technology, and insights for effective learning experiences. It helps individuals and organizations to possess effective skill acquisition and development with flexibility.
2010
1.2K+
LTM Revenue $789M
LTM EBITDA $53.4M
$561M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Udemy has a last 12-month revenue of $789M and a last 12-month EBITDA of $53.4M.
In the most recent fiscal year, Udemy achieved revenue of $787M and an EBITDA of -$47.2M.
Udemy expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Udemy valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $729M | $787M | XXX | XXX | XXX |
| Gross Profit | $354M | $419M | XXX | XXX | XXX |
| Gross Margin | 49% | 53% | XXX | XXX | XXX |
| EBITDA | -$78.5M | -$47.2M | XXX | XXX | XXX |
| EBITDA Margin | -11% | -6% | XXX | XXX | XXX |
| Net Profit | -$154M | -$107M | XXX | XXX | XXX |
| Net Margin | -21% | -14% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Udemy's stock price is $6.
Udemy has current market cap of $904M, and EV of $561M.
See Udemy trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $561M | $904M | XXX | XXX | XXX | XXX | $0.23 |
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Sign UpAs of April 15, 2025, Udemy has market cap of $904M and EV of $561M.
Udemy's trades at 0.7x LTM EV/Revenue multiple, and 10.5x LTM EBITDA.
Analysts estimate Udemy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Udemy and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $561M | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | -11.9x | XXX | XXX | XXX |
| P/E | -10.6x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 14.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpUdemy's NTM/LTM revenue growth is 2%
Udemy's revenue per employee for the last fiscal year averaged $0.6M, while opex per employee averaged $0.5M for the same period.
Over next 12 months, Udemy's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Udemy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Udemy and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -6% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -40% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -4% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.6M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.5M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 44% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 12% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 16% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 72% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Alef Education | XXX | XXX | XXX | XXX | XXX | XXX |
| Emirates Driving Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| 51 Talk | XXX | XXX | XXX | XXX | XXX | XXX |
| Legacy Education | XXX | XXX | XXX | XXX | XXX | XXX |
| 3P Learning | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Udemy acquired XXX companies to date.
Last acquisition by Udemy was XXXXXXXX, XXXXX XXXXX XXXXXX . Udemy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Udemy founded? | Udemy was founded in 2010. |
| Where is Udemy headquartered? | Udemy is headquartered in United States of America. |
| How many employees does Udemy have? | As of today, Udemy has 1.2K+ employees. |
| Who is the CEO of Udemy? | Udemy's CEO is Mr. Hugo Sarrazin. |
| Is Udemy publicy listed? | Yes, Udemy is a public company listed on NAS. |
| What is the stock symbol of Udemy? | Udemy trades under UDMY ticker. |
| When did Udemy go public? | Udemy went public in 2021. |
| Who are competitors of Udemy? | Similar companies to Udemy include e.g. Alef Education, Emirates Driving Co., 51 Talk, Legacy Education. |
| What is the current market cap of Udemy? | Udemy's current market cap is $904M |
| What is the current revenue of Udemy? | Udemy's last 12-month revenue is $789M. |
| What is the current EBITDA of Udemy? | Udemy's last 12-month EBITDA is $53.4M. |
| What is the current EV/Revenue multiple of Udemy? | Current revenue multiple of Udemy is 0.7x. |
| What is the current EV/EBITDA multiple of Udemy? | Current EBITDA multiple of Udemy is 10.5x. |
| What is the current revenue growth of Udemy? | Udemy revenue growth between 2023 and 2024 was 8%. |
| Is Udemy profitable? | Yes, Udemy is EBITDA-positive (as of the last 12 months). |
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