0001607939FALSE00016079392025-11-212025-11-21
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 21, 2025
Udemy, Inc.
(Exact name of Registrant as Specified in Its Charter)
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| Delaware |
001-40956 |
27-1779864 |
(State or Other Jurisdiction
of Incorporation) |
(Commission File Number) |
(IRS Employer
Identification No.) |
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600 Harrison Street, 3rd Floor |
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San Francisco, California |
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94107 |
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(Zip Code) |
(415) 813-1710
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class |
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Trading
Symbol(s) |
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Name of each exchange on which registered |
| Common Stock, $0.00001 par value per share |
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UDMY |
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The Nasdaq Stock Market LLC
(The Nasdaq Global Select Market) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure
The information contained in Item 7.01 of this Current Report on Form 8-K is being furnished by Udemy, Inc. (the "Company") to provide supplemental unaudited historical revenue data disaggregated by product offering and segment, as well as historical paid Consumer subscriber data. Such supplemental unaudited historical data is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The Company is providing this supplemental unaudited historical data for the purpose of aiding period-over-period comparisons. The supplemental unaudited historical data does not constitute a revision or restatement of the Company’s previously reported consolidated financial statements.
The information in Item 7.01 of this Current Report on Form 8-K, including the accompanying Exhibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of Section 18. The information in Item 7.01 of this Current Report on Form 8-K, including the accompanying Exhibit 99.1, shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language contained in such filing, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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Exhibit
Number
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Description |
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| 99.1 |
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| 104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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UDEMY, INC. |
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| Date: |
November 21, 2025 |
By: |
/s/ Sarah Blanchard |
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Sarah Blanchard
Chief Financial Officer |
EX-99.1
2
quarterlysubscriptionsuppl.htm
EX-99.1
Document
Supplemental Unaudited Historical Data
Revenue Disaggregation
The following table presents revenue disaggregated by product offering for each segment (in thousands, unaudited):
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Three Months Ended |
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March 31, 2024 |
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June 30, 2024 |
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September 30, 2024 |
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December 31, 2024 |
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March 31, 2025 |
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June 30, 2025 |
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September 30, 2025 |
| Enterprise: |
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| Subscription |
$ |
117,023 |
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$ |
120,113 |
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$ |
125,522 |
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$ |
128,786 |
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$ |
127,002 |
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$ |
128,692 |
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$ |
132,284 |
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| Other |
617 |
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443 |
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601 |
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1,353 |
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746 |
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605 |
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518 |
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| Enterprise revenue |
$ |
117,640 |
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$ |
120,556 |
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$ |
126,123 |
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$ |
130,139 |
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$ |
127,748 |
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$ |
129,297 |
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$ |
132,802 |
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| Consumer: |
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| Subscription |
$ |
6,797 |
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$ |
7,397 |
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$ |
8,153 |
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$ |
8,660 |
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$ |
9,281 |
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$ |
10,300 |
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$ |
11,661 |
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| Transactional and other |
72,409 |
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66,407 |
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61,141 |
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61,143 |
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63,271 |
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60,282 |
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51,217 |
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| Consumer revenue |
$ |
79,206 |
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$ |
73,804 |
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$ |
69,294 |
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$ |
69,803 |
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$ |
72,552 |
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$ |
70,582 |
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$ |
62,878 |
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| Total revenue |
$ |
196,846 |
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$ |
194,360 |
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$ |
195,417 |
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$ |
199,942 |
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$ |
200,300 |
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$ |
199,879 |
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$ |
195,680 |
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Consolidated subscription revenues (unaudited) were $123.8 million, $127.5 million, $133.7 million, and $137.4 million for the three-month periods ending March 31, June 30, September 30, and December 31, 2024, respectively. Consolidated subscription revenues (unaudited) were $136.3 million, $139.0 million, and $143.9 million for the three-month periods ending March 31, June 30, and September 30, 2025, respectively.
Enterprise subscription revenue is recognized ratably over the respective contractual subscription term beginning on the date that the platform is made available to the customer. Other Enterprise revenue is primarily comprised of professional services arrangements, which are generally offered as fixed price contracts and recognized on a proportional performance basis.
Consumer subscription revenue is recognized ratably over the respective contractual subscription term beginning on the date that the platform is made available to the customer. Transactional and other revenue is primarily comprised of sales of single courses, which are recognized ratably over the estimated service period of four months, as well as other products sold on the consumer marketplace on a non-recurring basis, which were not material for the periods presented.
Paid Consumer Subscribers
We count the total number of paid Consumer subscribers at the end of each period. Paid Consumer subscribers are defined as users who had an active paid subscription to any Consumer subscription offering at the end of the last day of a given period. The count of paid subscribers does not include users who are currently on a free trial.
The following table presents paid Consumer subscribers (in thousands, unaudited):
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March 31, 2024 |
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June 30, 2024 |
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September 30, 2024 |
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December 31, 2024 |
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March 31, 2025 |
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June 30, 2025 |
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September 30, 2025 |
| Paid Consumer subscribers |
136 |
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141 |
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156 |
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170 |
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193 |
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215 |
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294 |
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