Company / R&D Expense
Udemy, Inc. R&D Expense History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$101.5M
FY2025
5-year range
$66.1M / $125.4M
FY2021-FY2025
Trend
-19.1%
vs FY2024
Sector context
#31 of 52
Consumer Discretionary
What the data says
At $102M, Udemy, Inc.'s r&d expense ranks #31 of 52 in the Consumer Discretionary sector. Declined from $120M to $102M over the past 2 years.
Based on SEC 10-K filings.
$102M in FY2025 with a 5-year CAGR of +14.9%.
Declined from $120M to $102M over the past 2 years.
Consumer Discretionary sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -1.0%
- 5-Year CAGR
- +14.9%
- 10-Year CAGR
- -
Sector benchmark
#31 of 52 in Consumer DiscretionaryTop 60% of 52This company $101.5M Sector average $641.6M
▼
-84.2% below sector average
Key checks
Key Insights
- 5-year CAGR of +14.9%, indicating consistent growth.
- In FY2025, r&d expense decreased 19.1% year-over-year.
- Ranks #31 out of 52 companies in the Consumer Discretionary sector.
- Peak r&d expense was recorded in FY2024.
Company context
Key Data Points
- Altman Z-Score 0.34 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $101.5M | -19.1% |
| FY2024 | $125.4M | +4.2% |
| FY2023 | $120.3M | +15.1% |
| FY2022 | $104.6M | +58.2% |
| FY2021 | $66.1M | +30.5% |
| FY2020 | $50.6M | +47.3% |
| FY2019 | $34.4M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026