Udemy Results Presentation Deck
GAAP to Non-GAAP Reconciliation
Three Months Ended December 31, 2020
GAAP
Stock-based
Compensation
(in thousands, except per share amounts)
110,095
$
55,657
54,438
Revenue
Cost of revenue
Gross profit
Operating expenses
Sales and marketing
Research and development
General and administrative
Total operating expenses
Loss from operations
Other income (expense)
Interest expense, net
Other income, net
Total other expense, net
Net loss before taxes
Income tax provision
Net loss attributable to common
stockholders
Net loss per share attributable to
common stockholders
Basic and diluted
37
Weighted-average shares used in
computing net loss per share
attributable to common stockholders
$
$
50,379
14,403
15,752
80,534
(26,096)
(68)
17
(51)
(26,147)
(888)
(27,035)
(0.77)
35,284,409
(165)
165
(1,587)
(1,315)
(5,099)
(8,001)
8,166
8,166
8,166
Non-GAAP
110,095
55,492
54,603
48,792
13,088
10,653
72,533
(17,930)
(68)
17
(51)
(17,981)
(888)
(18,869)
(0.53)
35,284,409
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