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 Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Net Income | 107.35 | 82.21 | -549.94 | -727.03 | -995.66 |
Depreciation & Amortization | 23.41 | 28.95 | 29.64 | 42.21 | 30.1 |
Asset Writedown & Restructuring Costs | - | - | - | - | 56.78 |
Loss (Gain) From Sale of Investments | 24.26 | -1.17 | 43.85 | 9.67 | 10.12 |
Loss (Gain) on Equity Investments | 19.39 | 11.17 | 3.13 | -0.46 | - |
Stock-Based Compensation | 34.69 | 22.6 | 30.8 | 70.71 | 72.2 |
Provision & Write-off of Bad Debts | 16 | 3.81 | 9.1 | 6.86 | -4.52 |
Other Operating Activities | 13.08 | 15.88 | 10.04 | -3.86 | 75.22 |
Change in Accounts Receivable | 20.34 | -68.45 | 44.03 | -163.48 | 24.84 |
Change in Inventory | 18.28 | 24.82 | 8.71 | 20 | -146.71 |
Change in Accounts Payable | -35.25 | -13.85 | -123.36 | 121.35 | 12.45 |
Change in Unearned Revenue | -113.32 | -91.6 | -14.66 | 9.28 | 115.46 |
Change in Income Taxes | 5.91 | -15.18 | 1.54 | -2.42 | -2.16 |
Change in Other Net Operating Assets | -78.94 | -67.11 | 68.98 | 85.75 | 128.3 |
Operating Cash Flow | 55.19 | -67.91 | -438.15 | -603.12 | -1,346 |
Operating Cash Flow Growth | - | - | - | - | - |
Investing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Capital Expenditures | -25.59 | -11.79 | -17.85 | -68.66 | -63.48 |
Sale of Property, Plant & Equipment | 2.18 | 0.66 | 1.36 | 1.42 | 2.11 |
Cash Acquisitions | - | - | -4.22 | - | 43.22 |
Divestitures | - | - | - | - | -1.52 |
Sale (Purchase) of Intangibles | - | - | - | -1.1 | -0.6 |
Investment in Securities | -233.75 | -8.96 | 152.69 | 220.16 | 62.96 |
Other Investing Activities | - | - | - | - | 4.38 |
Investing Cash Flow | -253.36 | -13.59 | 125.57 | 125.82 | 47.07 |
Financing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Long-Term Debt Issued | 25.15 | 487.97 | 99.29 | 225.94 | 257.52 |
Total Debt Issued | 25.15 | 487.97 | 99.29 | 225.94 | 257.52 |
Long-Term Debt Repaid | - | -214.04 | - | - | - |
Net Debt Issued (Repaid) | 25.15 | 273.93 | 99.29 | 225.94 | 257.52 |
Issuance of Common Stock | 20.87 | 16.88 | 9.31 | 9.41 | 1,526 |
Repurchase of Common Stock | - | -62.3 | -127.54 | -50.7 | - |
Other Financing Activities | -0.38 | - | - | - | - |
Financing Cash Flow | 45.64 | 228.51 | -18.94 | 184.65 | 1,784 |
Net Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Foreign Exchange Rate Adjustments | -2.02 | -2.46 | 1.96 | 4.59 | -21.03 |
Net Cash Flow | -154.56 | 144.56 | -329.55 | -288.06 | 463.35 |
Free Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Free Cash Flow | 29.59 | -79.7 | -456 | -671.78 | -1,410 |
Free Cash Flow Growth | - | - | - | - | - |
Free Cash Flow Margin | 0.50% | -1.42% | -8.46% | -13.40% | -35.11% |
Free Cash Flow Per Share | 0.25 | -0.67 | -3.76 | -5.43 | -11.59 |
Levered Free Cash Flow | -18.39 | -122.21 | -294.25 | 275.12 | -1,698 |
Unlevered Free Cash Flow | 20.97 | -76.53 | -250.83 | 303.62 | -1,678 |
Additional Metrics
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 Interest Paid | 61.98 | 94.2 | 63.36 | 39.41 | 28.57 |
Cash Income Tax Paid | 17.44 | 11.67 | 12.72 | 9.42 | 9.69 |
Change in Working Capital | -182.98 | -231.37 | -14.77 | 70.49 | 132.19 |