UDMY vs. LRN

Last updated Apr 1, 2026

Compare and contrast key facts about Udemy, Inc. (UDMY) and Stride, Inc. (LRN).

Performance

UDMY vs. LRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Udemy, Inc. (UDMY) and Stride, Inc. (LRN). The values are adjusted to include any dividend payments, if applicable.

UDMY vs. LRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UDMY Udemy, Inc.	-21.03%	-28.92%	-44.13%	39.62%	-46.01%	-28.95%
LRN Stride, Inc.	35.79%	-37.53%	75.05%	89.80%	-6.15%	-6.11%

Fundamentals

Market Cap UDMY : $673.14M LRN : $4.26B
EPS UDMY : $0.03 LRN : $6.50
PE Ratio UDMY : 181.30 LRN : 13.57
PS Ratio UDMY : 0.87 LRN : 1.72
PB Ratio UDMY : 3.20 LRN : 2.75
Total Revenue (TTM) UDMY : $789.84M LRN : $2.52B
Gross Profit (TTM) UDMY : $518.41M LRN : $989.96M
EBITDA (TTM) UDMY : $22.78M LRN : $546.48M

Returns By Period

In the year-to-date period, UDMY achieves a -21.03% return, which is significantly lower than LRN's 35.79% return.

UDMY

• 1D: 1.32%
• 1M: -8.15%
• YTD: -21.03%
• 6M: -34.09%
• 1Y: -40.46%
• 3Y*: -19.42%
• 5Y*: —
• 10Y*: —

LRN

• 1D: 4.75%
• 1M: 4.49%
• YTD: 35.79%
• 6M: -40.80%
• 1Y: -30.30%
• 3Y*: 30.97%
• 5Y*: 22.66%
• 10Y*: 24.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

UDMY vs. LRN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UDMY

UDMY Risk / Return Rank: 9
UDMY Sharpe Ratio Rank: 10
UDMY Sortino Ratio Rank: 11
UDMY Omega Ratio Rank: 12
UDMY Calmar Ratio Rank: 5
UDMY Martin Ratio Rank: 5

LRN

LRN Risk / Return Rank: 27
LRN Sharpe Ratio Rank: 22
LRN Sortino Ratio Rank: 29
LRN Omega Ratio Rank: 28
LRN Calmar Ratio Rank: 27
LRN Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UDMY vs. LRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Udemy, Inc. (UDMY) and Stride, Inc. (LRN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	UDMY	LRN	Difference
Sharpe ratio Return per unit of total volatility	-0.76	-0.45	-0.31
Sortino ratio Return per unit of downside risk	-1.00	-0.07	-0.93
Omega ratio Gain probability vs. loss probability	0.88	0.98	-0.10
Calmar ratio Return relative to maximum drawdown	-0.95	-0.47	-0.48
Martin ratio Return relative to average drawdown	-1.70	-0.81	-0.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UDMY vs. LRN - Sharpe Ratio Comparison

The current UDMY Sharpe Ratio is -0.76, which is lower than the LRN Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of UDMY and LRN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UDMY	LRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.76	-0.45	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.44	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.57	0.14	-0.71

Correlation

The correlation between UDMY and LRN is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

UDMY vs. LRN - Dividend Comparison

Neither UDMY nor LRN has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

UDMY vs. LRN - Drawdown Comparison

The maximum UDMY drawdown since its inception was -85.98%, which is greater than LRN's maximum drawdown of -81.41%. Use the drawdown chart below to compare losses from any high point for UDMY and LRN.

Drawdown Indicators

	UDMY	LRN	Difference
Max Drawdown Largest peak-to-trough decline	-85.98%	-81.41%	-4.57%
Max Drawdown (1Y) Largest decline over 1 year	-44.81%	-64.07%	+19.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-64.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.07%	—
Current Drawdown Current decline from peak	-85.14%	-48.08%	-37.06%
Average Drawdown Average peak-to-trough decline	-66.61%	-36.19%	-30.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.98%	37.34%	-12.36%

Volatility

UDMY vs. LRN - Volatility Comparison

Udemy, Inc. (UDMY) has a higher volatility of 14.14% compared to Stride, Inc. (LRN) at 9.47%. This indicates that UDMY's price experiences larger fluctuations and is considered to be riskier than LRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UDMY	LRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.14%	9.47%	+4.67%
Volatility (6M) Calculated over the trailing 6-month period	36.41%	82.92%	-46.51%
Volatility (1Y) Calculated over the trailing 1-year period	53.41%	67.92%	-14.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.91%	51.56%	+7.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.91%	49.72%	+9.19%

Financials

UDMY vs. LRN - Profitability Comparison

The chart below illustrates the profitability comparison between Udemy, Inc. and Stride, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

UDMY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Udemy, Inc. reported a gross profit of 128.05M and revenue of 193.99M. Therefore, the gross margin over that period was 66.0%.

LRN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Stride, Inc. reported a gross profit of 259.63M and revenue of 631.26M. Therefore, the gross margin over that period was 41.1%.

UDMY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Udemy, Inc. reported an operating income of -3.43M and revenue of 193.99M, resulting in an operating margin of -1.8%.

LRN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Stride, Inc. reported an operating income of 146.85M and revenue of 631.26M, resulting in an operating margin of 23.3%.

UDMY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Udemy, Inc. reported a net income of -2.33M and revenue of 193.99M, resulting in a net margin of -1.2%.

LRN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Stride, Inc. reported a net income of 99.48M and revenue of 631.26M, resulting in a net margin of 15.8%.