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 Balance Sheet
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Equivalents | 568.57 | 439.73 | 592.72 | 454.54 | 783.61 | 322.78 |
Short-Term Investments | 275.9 | 298.29 | 63.06 | 72.13 | 232.43 | 504.1 |
Cash & Short-Term Investments | 844.47 | 738.02 | 655.79 | 526.66 | 1,016 | 826.88 |
Cash Growth | 38.23% | 12.54% | 24.52% | -48.16% | 22.88% | -30.77% |
Accounts Receivable | 593.32 | 702.6 | 498.34 | 380.12 | 413.03 | 254.53 |
Receivables | 593.32 | 703.82 | 503.38 | 402.69 | 439.45 | 254.53 |
Inventory | 114.04 | 140.78 | 174.74 | 217.07 | 232.26 | 255.41 |
Prepaid Expenses | - | 55.34 | 51.81 | 63.63 | 66.99 | 61.75 |
Restricted Cash | 1.54 | 1.99 | 3.57 | 0.4 | 0.87 | 749.77 |
Other Current Assets | 141.12 | 82.56 | 97.49 | 89.5 | 114.36 | 121.33 |
Total Current Assets | 1,694 | 1,723 | 1,487 | 1,300 | 1,870 | 2,270 |
Property, Plant & Equipment | 98.33 | 91.55 | 115.22 | 159.93 | 170.52 | 198.42 |
Long-Term Investments | 15.03 | 19.81 | 72.38 | 51.4 | 90.7 | 32.52 |
Goodwill | 109.94 | 109.94 | 109.94 | 109.94 | 109.94 | 109.94 |
Other Long-Term Assets | 38.79 | 31.24 | 30.08 | 44.98 | 35.02 | 23.52 |
Total Assets | 1,957 | 1,975 | 1,814 | 1,666 | 2,276 | 2,634 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Accounts Payable | 84.56 | 132.82 | 167.15 | 241.44 | 351.16 | 244.05 |
Accrued Expenses | 1,045 | 992.14 | 862.86 | 832.58 | 775.33 | 724.87 |
Short-Term Debt | 878 | 878 | 878 | 878 | 878 | 878 |
Current Portion of Leases | - | 22.43 | 38.11 | 38.84 | 35.56 | 46.69 |
Current Income Taxes Payable | 57.12 | 13.66 | 5.89 | 11.25 | 14.04 | 7.66 |
Current Unearned Revenue | 835.11 | 847.71 | 961.02 | 1,053 | 1,067 | 1,077 |
Other Current Liabilities | - | 48.16 | 33.93 | 44.56 | 57.24 | 55.55 |
Total Current Liabilities | 2,900 | 2,935 | 2,947 | 3,099 | 3,179 | 3,034 |
Long-Term Debt | 807 | 926.59 | 913 | 630.36 | 522.35 | 255.03 |
Long-Term Leases | 27.45 | 18.84 | 25.57 | 49.34 | 43.64 | 73.07 |
Other Long-Term Liabilities | 29.15 | 28.8 | 18.19 | 16.31 | 8.83 | 2.41 |
Total Liabilities | 3,763 | 3,909 | 3,904 | 3,795 | 3,753 | 3,364 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Common Stock | -1,845 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
Additional Paid-In Capital | - | 4,056 | 4,044 | 4,029 | 3,993 | 3,914 |
Retained Earnings | - | -5,754 | -5,861 | -5,944 | -5,394 | -4,667 |
Treasury Stock | - | -176 | -210.79 | -171.99 | -42.33 | - |
Comprehensive Income & Other | - | -99.95 | -111.54 | -100.54 | -92.09 | -54.35 |
Total Common Equity | -1,845 | -1,974 | -2,140 | -2,187 | -1,535 | -807.07 |
Minority Interest | 37.89 | 39.96 | 50.65 | 57.63 | 57.82 | 76.67 |
Shareholders' Equity | -1,807 | -1,934 | -2,089 | -2,129 | -1,477 | -730.4 |
Total Liabilities & Equity | 1,957 | 1,975 | 1,814 | 1,666 | 2,276 | 2,634 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Total Debt | 1,712 | 1,846 | 1,855 | 1,597 | 1,480 | 1,253 |
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 |
Filing Date Shares Outstanding | 118.91 | 120.63 | 119.57 | 119.52 | 124.21 | 125.97 |
Total Common Shares Outstanding | 118.91 | 118.63 | 119.38 | 119.09 | 123.91 | 123.27 |
Working Capital | -1,205 | -1,212 | -1,460 | -1,799 | -1,309 | -764.3 |
Book Value Per Share | -15.51 | -16.64 | -17.93 | -18.36 | -12.39 | -6.55 |
Tangible Book Value | -1,955 | -2,084 | -2,250 | -2,297 | -1,645 | -917.01 |
Tangible Book Value Per Share | -16.44 | -17.57 | -18.85 | -19.29 | -13.28 | -7.44 |
Machinery | - | 146.85 | 149.3 | 154.9 | 148.53 | 98.48 |
Leasehold Improvements | - | 25.98 | 26.85 | 29.73 | 35.67 | 38.12 |