Short answer
Udemy, Inc. (UDMY) filed its Q1 2026 10-Q quarterly report on May 11, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $191M (down 4.4% year over year) with net income of −$13M.
Q1 2026 key financials · XBRL
- Revenue
- $191M
- −4.4% YoY
- Net income
- −$13M
- −612.3% YoY
- Operating margin
- -6.5%
- Gross margin
- 67.5%
- EPS (diluted)
- −$0.09
- −800.0% YoY
Source: XBRL data from the Udemy, Inc. (UDMY) Q1 2026 10-Q on SEC EDGAR. USD.
Udemy, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $191.4M, down $8.9M or 4% YoY
- Enterprise revenue $132.9M, up $5.1M or 4%; Consumer revenue $58.5M, down $14.0M or 19%
- Gross margin 68% vs 65% YoY; operating margin (7)% vs (2)%
- Net loss $12.6M vs $1.8M; acquisition-related merger expenses $2.3M
- UB NDRR 93%; Large Customer NDRR 97%; merger expected to close by second half of 2026
Risk Factors
- Proposed Coursera merger introduced this quarter, creating closing risk despite April 9, 2026 stockholder approvals
- Merger termination exposure: $40.5 million fee or $8.0 million expense reimbursement payable to Coursera
- Merger-related demand letters could increase costs, divert management, or delay completion
- Enterprise concentration: Enterprise revenue reached 69% of total revenue, up from 64% year over year
- Instructor attrition risk following revenue-share changes fully effective January 2026, particularly among popular-content creators
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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