Short answer
Udemy, Inc. (UDMY) filed its Q3 2025 10-Q quarterly report on Oct 30, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $196M (up 0.1% year over year) with net income of $2M.
Q3 2025 key financials · XBRL
- Revenue
- $196M
- +0.1% YoY · −2.1% QoQ
- Net income
- $2M
- +106.5% YoY · −73.8% QoQ
- Operating margin
- -0.1%
- Gross margin
- 65.9%
- EPS (diluted)
- $0.01
- +105.9% YoY · −75.0% QoQ
Source: XBRL data from the Udemy, Inc. (UDMY) Q3 2025 10-Q on SEC EDGAR. USD.
Udemy, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $195.7M vs $195.4M, up $0.3M YoY
- Enterprise revenue $132.8M, up 5%; Consumer revenue $62.9M, down 9%
- Gross margin 66% vs 63%; operating margin approximately 0% vs negative 15%
- Net income $1.6M vs $25.3M loss; operating cash-flow and cash-position details not provided
- $50M share-repurchase authorization funded by existing cash; UB NDRR 93% signals retention headwinds
Risk Factors
- New regulatory exposure: consumer pricing model subject to potential federal or state legal challenges over promotional pricing practices
- Instructor concentration: more than 85,000 instructors, but limited creators supply significant popular content and revenue
- Competitive disruption: LLMs and generative AI may reduce demand for human learning and training
- Enterprise concentration: Enterprise revenue reached 68% of total revenue in Q3 2025, up from 65% year over year
- Financial covenant risk: revolving credit facility secured by substantially all assets, including intellectual property
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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