Youdao, Inc. (DAO)
NYSE: DAO · Real-Time Price · USD
16.65
+0.21 (1.28%)
Aug 28, 2026, 4:00 PM EDT - Market closed

Youdao Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
6,0085,9095,6265,3895,0134,016
Revenue Growth
6.75%5.03%4.39%7.50%24.84%58.93%
Gross Profit
2,7122,6172,7482,7672,5861,989
Operating Income
257.52221.31148.82-466.33-774.68-886.47
Net Income
160.73107.3582.21-549.94-727.03-995.66
Earnings Per Share
1.340.900.70-4.53-5.88-8.18
EPS Growth
-30.09%28.57%----

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Learning Services
2,7932,6312,7473,1483,0842,441
Smart Devices
618.55739.64903.67909.191,256980.42
Online Marketing Services
2,5962,5391,9751,332672.36593.95
Total
6,0085,9095,6265,3895,0134,016

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
844.47738.02655.79526.661,016826.88
Total Debt
1,7121,8461,8551,5971,4801,253
Net Cash (Debt)
-867.98-1,108-1,199-1,070-463.51-425.91
Net Cash Growth
------
Net Cash Per Share
-7.21-9.24-10.15-8.81-3.75-3.50

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-55.19-67.91-438.15-603.12-1,346
Capital Expenditures
--25.59-11.79-17.85-68.66-63.48
Free Cash Flow
-29.59-79.7-456-671.78-1,410
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
45.15%44.29%48.85%51.35%51.59%49.53%
Operating Margin
4.29%3.74%2.65%-8.65%-15.45%-22.07%
Pretax Margin
2.99%1.92%1.44%-10.00%-14.48%-22.90%
Profit Margin
2.67%1.82%1.46%-10.20%-14.50%-24.79%
FCF Margin
-0.50%-1.42%-8.46%-13.40%-35.11%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
84.3478.5378.52---
Forward PE
46.6935.1237.75---
P/FCF Ratio
456.65284.87----
PS Ratio
2.271.431.150.640.932.49