NYSE · DAO
Youdao financials
$14.65+0.48%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 |
|---|---|---|---|---|---|---|---|
| Revenue | $844.6M | $770.8M | $761.3M | $726.8M | $631.8M | $485.4M | $187.4M |
| Gross profit | $374.0M | $376.6M | $391.0M | $375.0M | $312.9M | $222.9M | $53.2M |
| Gross margin | 44.3% | 48.9% | 51.4% | 51.6% | 49.5% | 45.9% | 28.4% |
| Operating income | $31.6M | $20.4M | -$65.9M | -$112.3M | -$148.4M | -$276.7M | -$86.3M |
| Net income | $15.3M | $11.3M | -$77.7M | -$105.4M | -$156.7M | -$268.6M | -$91.6M |
| Net margin | 1.8% | 1.5% | −10.2% | −14.5% | −24.8% | −55.3% | −48.8% |
| Diluted EPS | $0.13 | $0.10 | $-0.64 | $-0.85 | $-1.29 | $-2.38 | $-0.96 |
| EBITDA | $35.0M | $24.4M | -$61.7M | -$106.2M | -$134.7M | -$274.3M | -$84.8M |
| Operating cash flow | $7.9M | -$9.3M | -$61.9M | -$87.4M | -$211.8M | -$49.3M | -$53.5M |
| Free cash flow | $4.2M | -$10.9M | -$64.4M | -$97.4M | -$221.8M | -$54.9M | -$56.1M |
| Diluted shares | 119.9M | 118.2M | 121.4M | 123.6M | 121.7M | 112.9M | 95.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $62.9M | $81.2M | $64.2M | $113.6M | $50.7M | $93.4M |
| Short-term investments | $42.6M | $8.6M | $10.2M | $33.7M | $79.1M | $89.7M |
| Total debt | $132.4M | $125.1M | $213.1M | $75.7M | $149.2M | $134.6M |
| Total assets | $282.3M | $248.6M | $235.4M | $330.0M | $413.3M | $317.3M |
| Total liabilities | $558.7M | $534.8M | $536.2M | $544.1M | $528.0M | $532.9M |
| Shareholders' equity | -$276.4M | -$286.2M | -$306.1M | -$223.5M | -$126.9M | -$215.6M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology