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Udemy10-K: Supplier concentration

Udemy's business relies on a limited number of top instructors for its most popular content.

What happened

The company identifies a key operational risk in its dependence on a small group of high-earning instructors who create a large portion of the most consumed content.

Source

SEC EDGARFeb 19, 2026

Annual report (Form 10-K)

Udemy 10-K for FY2025

Filing excerpt

Our platform relies on a limited number of instructors who create a significant portion of the most popular content on our platform, and the loss of these instructor relationships could adversely affect our business, financial condition, and results of operations.

sec.gov/Archives/edgar/data/1607939/000160793926000034/udmy-20251231.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-K: Supplier concentration

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 19, 2026

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The full record

From the Signal API record

Details

CIK
1607939
Accession number
0001607939-26-000034
Timeframe
Current year
Filing year
2026
Why it matters
Risk management needed
Signal category
Market

Extraction

Confidence
High
Relevance
80%
Sentiment
Negative
Detected
Feb 24, 2026
signal_type
sec-10k
signal_subtype
supplierConcentration

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/6cfd152b-4040-4b91-97bb-7201e431386c returns this record as JSON. POST /v1/companies/enrich returns every signal for udemy.com.

{
  "signal_id": "6cfd152b-4040-4b91-97bb-7201e431386c",
  "signal_type": "sec-10k",
  "signal_subtype": "supplierConcentration",
  "detected_at": "2026-02-24T10:00:10.088+00:00",
  "company": {
    "name": "Udemy",
    "domain": "udemy.com"
  },
  "data": {
    "detail": "The company identifies a key operational risk in its dependence on a small group of high-earning instructors who create a large portion of the most consumed content. The loss of these key 'suppliers' could adversely affect content relevance, learner engagement, and overall revenue.",
    "metrics": {
      "timeframe": "current_year"
    },
    "summary": "Udemy's business relies on a limited number of top instructors for its most popular content.",
    "excerpts": "Our platform relies on a limited number of instructors who create a significant portion of the most popular content on our platform, and the loss of these instructor relationships could adversely affect our business, financial condition, and results of operations.",
    "relevance": 0.8,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1607939/000160793926000034/udmy-20251231.htm",
    "filing_date": "2026-02-19",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Risk management needed",
    "signal_category": "market"
  }
}

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