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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 $786M
LTM EBITDA $64.8M
$672M
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 (LTM) of $786M and a last 12-month EBITDA of $64.8M.
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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $786M | XXX | $787M | XXX | XXX | XXX |
| Gross Profit | $507M | XXX | $492M | XXX | XXX | XXX |
| Gross Margin | 65% | XXX | 63% | XXX | XXX | XXX |
| EBITDA | $64.8M | XXX | -$47.2M | XXX | XXX | XXX |
| EBITDA Margin | 8% | XXX | -6% | XXX | XXX | XXX |
| EBIT | $39.6M | XXX | -$72.6M | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | -9% | XXX | XXX | XXX |
| Net Profit | -$43.0M | XXX | -$85.3M | XXX | XXX | XXX |
| Net Margin | -5% | XXX | -11% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of July 16, 2025, Udemy's stock price is $7.
Udemy has current market cap of $1.0B, and EV of $672M.
See Udemy trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $672M | $1.0B | XXX | XXX | XXX | XXX | $0.31 |
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Start Free TrialAs of July 16, 2025, Udemy has market cap of $1.0B and EV of $672M.
Udemy's trades at 0.9x EV/Revenue multiple, and -14.2x EV/EBITDA.
Equity research analysts estimate Udemy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Udemy has a P/E ratio of -23.7x.
See valuation multiples for Udemy and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1.0B | XXX | $1.0B | XXX | XXX | XXX |
| EV (current) | $672M | XXX | $672M | XXX | XXX | XXX |
| EV/Revenue | 0.9x | XXX | 0.9x | XXX | XXX | XXX |
| EV/EBITDA | 10.4x | XXX | -14.2x | XXX | XXX | XXX |
| EV/EBIT | 16.9x | XXX | -9.2x | XXX | XXX | XXX |
| EV/Gross Profit | 1.3x | XXX | n/a | XXX | XXX | XXX |
| P/E | -23.7x | XXX | -11.9x | XXX | XXX | XXX |
| EV/FCF | 13.1x | XXX | 17.6x | 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.
Start Free TrialUdemy's last 12 month revenue growth is 2%
Udemy's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.5M for the same period.
Udemy's rule of 40 is -9% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Udemy's rule of X is 13% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Udemy and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 8% | XXX | -6% | XXX | XXX | XXX |
| EBITDA Growth | 52% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -9% | XXX | -4% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 13% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 44% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 16% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 72% | 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 |
Valuation data powered by FactSet, Inc.
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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Start Free Trial| 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 $1.0B |
| What is the current revenue of Udemy? | Udemy's last 12 months revenue is $786M. |
| What is the current revenue growth of Udemy? | Udemy revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Udemy? | Current revenue multiple of Udemy is 0.9x. |
| Is Udemy profitable? | Yes, Udemy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Udemy? | Udemy's last 12 months EBITDA is $64.8M. |
| What is Udemy's EBITDA margin? | Udemy's last 12 months EBITDA margin is 8%. |
| What is the current EV/EBITDA multiple of Udemy? | Current EBITDA multiple of Udemy is 10.4x. |
| What is the current FCF of Udemy? | Udemy's last 12 months FCF is $51.2M. |
| What is Udemy's FCF margin? | Udemy's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Udemy? | Current FCF multiple of Udemy is 13.1x. |
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