Youdao Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017
Revenue	5,389	5,013	4,016	2,527	1,207	731.6	455.75
Revenue Growth (YoY)	7.50%	24.84%	58.93%	109.27%	65.04%	60.53%	-
Cost of Revenue	2,622	2,427	2,027	1,419	872.37	515.13	293.81
Gross Profit	2,767	2,586	1,989	1,107	335.05	216.47	161.94
Selling, General & Admin	2,490	2,557	2,325	1,587	524.99	251.58	158.89
Research & Development	743.36	803.79	607.37	372.18	269.9	184.02	133.09
Operating Expenses	3,234	3,361	2,932	1,959	794.89	435.6	291.98
Operating Income	-466.33	-774.68	-943.25	-851.46	-459.84	-219.14	-130.04
Interest Expense / Income	69.47	45.61	31.64	31.22	30.23	31.85	29.33
Other Expense / Income	3.05	-107.1	14.12	867.19	109	-53.37	-30.95
Pretax Income	-538.85	-713.19	-989.01	-1,749.86	-599.07	-197.62	-128.42
Income Tax	11.09	13.84	6.65	2.93	2.43	11.29	5.16
Net Income	-549.94	-727.03	-995.66	-1,752.79	-601.5	-208.91	-133.58
Preferred Dividends	0	0	0	0	71.79	60.62	0
Net Income Common	-549.94	-727.03	-995.66	-1,752.79	-637.4	-239.22	-133.58
Shares Outstanding (Basic)	121	124	122	113	95	85	65
Shares Outstanding (Diluted)	121	124	122	113	95	85	65
Shares Change	-1.79%	1.60%	7.78%	18.25%	11.83%	30.53%	-
EPS (Basic)	-4.53	-5.88	-8.18	-15.53	-6.68	-2.80	-2.04
EPS (Diluted)	-4.53	-5.88	-8.18	-15.53	-6.68	-2.80	-2.04
Free Cash Flow	-	-670.36	-1,407.77	-351.41	-388.3	-111.77	-97.7
Free Cash Flow Per Share	-	-5.42	-11.57	-3.11	-4.07	-1.31	-1.49
Gross Margin	51.35%	51.59%	49.53%	43.83%	27.75%	29.59%	35.53%
Operating Margin	-8.65%	-15.45%	-23.49%	-33.70%	-38.08%	-29.95%	-28.53%
Profit Margin	-10.20%	-14.50%	-24.79%	-69.37%	-52.79%	-32.70%	-29.31%
Free Cash Flow Margin	-	-13.37%	-35.06%	-13.91%	-32.16%	-15.28%	-21.44%
EBITDA	-	-625.37	-927.27	-1,703.18	-558.31	-159.37	-95.76
EBITDA Margin	-	-12.47%	-23.09%	-67.40%	-46.24%	-21.78%	-21.01%
Depreciation & Amortization	-	42.21	30.1	15.46	10.53	6.4	3.33
EBIT	-469.37	-667.58	-957.36	-1,718.65	-568.84	-165.77	-99.09
EBIT Margin	-8.71%	-13.32%	-23.84%	-68.02%	-47.11%	-22.66%	-21.74%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).