10-K/A: Udemy Files Amendment to 2025 Annual Report

Udemy, Inc. has filed an amendment to its 2025 Annual Report on Form 10-K, primarily to include Part III information and updated certifications.

Summary

• This filing is an amendment (Amendment No. 1) to Udemy, Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
• The amendment is being made to include Part III information (Items 10, 11, 12, 13, and 14) because the definitive proxy statement will not be filed within the required timeframe.
• Updated certifications from the Principal Executive Officer (Hugo Sarrazin) and Principal Financial Officer (Sarah Blanchard) under Section 302 of the Sarbanes-Oxley Act are included.
• The filing does not contain updated financial statements.
• The cover page has been revised to reflect the amendment and updated outstanding share information as of March 31, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is a procedural amendment to fulfill disclosure requirements rather than announcing new financial results or strategic shifts.

Future Outlook

This amendment primarily addresses procedural and disclosure requirements for Part III of the annual report and does not contain new forward-looking financial guidance.

Management Comments

• "Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report."
• "Except as described above, no other changes have been made to the Original Filing."
• "Except as otherwise indicated herein, this Amendment continues to speak as of the date of the Original Filing, and we have not updated the disclosures contained therein to reflect any events that occurred subsequent to the date of the Original Filing."

Industry Context

StockSavvy.ai notes that this filing is a procedural amendment to a standard annual report, common for companies that do not file their proxy statement within the initial 120-day window after year-end. It ensures compliance with SEC disclosure timelines for corporate governance and executive compensation details.

Corporate Governance

Stakeholder Impact

• Shareholders: Receive updated information on corporate governance and executive compensation, albeit with a delay from the original filing.
• Employees: No direct impact from this procedural amendment.
• Management: Required to provide updated certifications under Sarbanes-Oxley.

Next Steps

• Udemy, Inc. will file its definitive proxy statement separately.
• The company will continue to operate under the disclosures made in the original Form 10-K, except for the newly included Part III information.

Key Dates

Keywords

Udemy, 10-K, Amendment, SEC Filing, Annual Report, Sarbanes-Oxley, Corporate Governance, Executive Compensation