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Youdao, Inc. (DAO)
NYSE: DAO · Real-Time Price · USD
14.66
+0.35 (2.45%)
At close: Sep 18, 2026, 4:00 PM EDT
14.58
-0.09 (-0.58%)
After-hours: Sep 18, 2026, 7:30 PM EDT

Youdao Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
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
Chart
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
Chart
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
Chart
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
Chart
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
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
74.2678.5378.52---
Forward PE
40.9535.1237.75---
P/FCF Ratio
400.37284.87----
PS Ratio
2.001.431.150.640.932.49