Edtech firm upGrad reported an eight-fold increase in EBITDA to Rs 123 crore for FY26 as net losses shrank by 52% to Rs 130 crore. The private company is focusing on profitability through AI-led skilling and is moving forward with strategic acquisitions, including Unacademy and Internshala.
Edtech firm upGrad has reported a notable improvement in its financial performance for the fiscal year ending 2026. The company announced that its operating profit, or EBITDA, jumped eight times to Rs 123 crore compared to Rs 15 crore in the previous fiscal year. Simultaneously, the company successfully reduced its net loss by 52% to Rs 130 crore.
This update marks the third consecutive year of significant loss reduction for the platform, which had seen its net loss peak at Rs 1,142 crore in fiscal year 2023. Gross revenue for FY26 stood at Rs 2,070 crore, showing a year-on-year growth of 7%. The company also reported Rs 530 crore in collected revenue that is slated to be recognized in future periods, indicating a steady pipeline of income.
The company attributed these results to disciplined cost management and the integration of artificial intelligence into its operations and curriculum. AI is now utilized across 80% of its programs, helping the company optimize marketing and technology expenses even while growing its business scale.
Currently, upGrad supports over 100,000 concurrent learners and works with more than 700 enterprise clients for workforce development and professional skilling. The company’s strategy is now shifting toward growth through consolidation. Management confirmed that the company is in the final stages of acquiring Unacademy and Internshala, aiming to build a more integrated learning ecosystem that serves students throughout their professional lifecycle.
While the company is moving toward profitability, there are operational challenges to track. The successful integration of these large acquisitions will be a critical task, as merging different operational cultures, technologies, and business systems can be complex and expensive. Furthermore, the edtech sector remains highly competitive, requiring companies to maintain strong demand for their courses while managing the ongoing pressure of customer acquisition costs.
As a private company, upGrad does not have a public share price on the stock exchange, but its performance is often viewed as a bellwether for the broader edtech sector. The next important updates will be the finalization of its current acquisition deals and its ability to maintain profit margins while integrating these new business units.