This stock no longer trades (delisted May 11, 2026)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

Udemy

UDMY

Education & Training Services · Consumer Defensive

Exchange

NASDAQ

Winston Score

Historical score — this stock no longer trades, so the score is frozen at the last available data.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Weak

Stability

Good

Valuation

Data not available

Winston Score History

The full picture

Udemy is an online learning platform where people can take video courses on topics like coding, business, design, and personal development. It sells courses to individual learners and also offers a separate product called Udemy Business, which companies use to train their employees. Udemy does not create most of its content itself — instead, it hosts courses made by independent instructors, giving it a large and varied library of over 200,000 courses.

Udemy makes money two ways: individual consumers buy courses directly, and businesses pay subscription fees for access to a curated course library for their teams. It operates globally, with meaningful revenue from North America, Europe, and Asia, and its scale of instructors and learners creates a network effect that is hard for smaller competitors to replicate. The company is not yet consistently profitable, and its main challenge is convincing more businesses to adopt its enterprise subscription product while competing against rivals like Coursera and LinkedIn Learning.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-4.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-800.0% YoY

YoY Growth Rate

Earnings declining

Insider Activity

27.3%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$366M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Udemy's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

67.5%

Premium pricing power — 67.5% gross margin

Profit after running costs

Operating Margin

-6.5%

Losing money on operations — -6.5%

Return on the money invested

ROCE

-5.5%

Weak — -5.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

-1.1%

Shrinking sales (-1.1% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

10.4%

Modest free cash flow (10.4%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.05

Conservative — low debt load (0.05)

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial