Udemy stock converts into Coursera shares at 0.800 ratio
Published on 09/25/2026 at 17:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Udemy stock converted into 0.800 Coursera shares when the combination closed on May 11, 2026, ending Udemy's Nasdaq listing and changing the investment story from a standalone stock to a wholly owned business. The exchange ratio, delisting and reporting transition define the company's current status.
Merger ends the Nasdaq chapter
As The Course Times reported on September 10, 2026, Coursera's combination with Udemy closed on May 11, 2026, after stockholders approved it on April 9. Each Udemy share was exchanged for 0.800 Coursera shares, while cash was paid instead of fractional shares.
StockTitan summarizes the related filing as a transaction in which Udemy became a wholly owned Coursera subsidiary. The filing also states that trading on Nasdaq was suspended, Form 25 was submitted for delisting, and Exchange Act reporting was set to end.
Final figures show the operating mix
The last independent annual report gave investors a clear operating reference. As The Course Times reported, Udemy instructors earned USD 168 million in fiscal year 2025. Content costs represented 32 percent of consumer segment revenue, down from 35 percent in fiscal year 2024.
The comparison matters because the lower cost share supported a USD 89.3 million improvement in net income in fiscal year 2025, according to the same September 10 report. It also shows why Udemy's final public disclosures centered on margin structure and the shift toward higher-margin offerings rather than a new standalone growth plan.
Reporting status changes on May 21
Ten days after completion, Udemy filed Form 15 on May 21, 2026, terminating its registration and suspending its reporting duty, The Course Times reported. Udemy now remains a platform and operating subsidiary inside Coursera, while the 0.800 exchange ratio determines the equity outcome for former Udemy holders.
Udemy stock facts
- Company: Udemy, Inc.
- Ticker: UDMY
- Trading venue: Nasdaq, historical listing
- Sector / Industry: Education and Training Services
