Gaotu Techedu Inc. (GOTU)

Gaotu Techedu Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	2,961	2,498	6,562	7,125	2,115
Revenue Growth (YoY)	18.52%	-61.93%	-7.90%	236.89%	432.30%
Cost of Revenue	790.21	701.05	2,398	1,763	535.91
Gross Profit	2,171	1,797	4,164	5,362	1,579
Selling, General & Admin	1,858	1,470	5,850	6,383	1,151
Research & Development	462.04	445.12	1,253	734.45	212.2
Other Operating Expenses	0	0	242.09	0	0
Operating Expenses	2,320	1,915	7,344	7,117	1,363
Operating Income	-149.01	-118.05	-3,180.34	-1,755.03	215.73
Other Expense / Income	-152.37	-115.52	-117.83	-327.48	-27.85
Pretax Income	3.36	-2.53	-3,062.52	-1,427.55	243.59
Income Tax	10.66	-15.71	40.95	-34.62	16.96
Net Income	-7.3	13.17	-3,103.47	-1,392.93	226.63
Preferred Dividends	0	0	0	0	38.47
Net Income Common	-7.3	13.17	-3,103.47	-1,392.93	188.16
Shares Outstanding (Basic)	174	172	171	160	132
Shares Outstanding (Diluted)	174	176	171	160	132
Shares Change	-1.29%	3.04%	6.93%	20.64%	43.56%
EPS (Basic)	-0.03	0.05	-12.11	-5.81	0.95
EPS (Diluted)	-0.03	0.05	-12.11	-5.81	0.90
Free Cash Flow	312.99	57.59	-4,449.22	319.21	1,224
Free Cash Flow Per Share	1.20	0.22	-17.37	1.33	6.16
Gross Margin	73.31%	71.94%	63.46%	75.26%	74.66%
Operating Margin	-5.03%	-4.73%	-48.47%	-24.63%	10.20%
Profit Margin	-0.25%	0.53%	-47.30%	-19.55%	8.90%
Free Cash Flow Margin	10.57%	2.31%	-67.81%	4.48%	57.88%
Effective Tax Rate	317.27%	-	-	-	6.96%
EBITDA	54.09	66.27	-2,954.07	-1,371.8	255.51
EBITDA Margin	1.83%	2.65%	-45.02%	-19.25%	12.08%
Depreciation & Amortization	50.73	68.81	108.45	55.75	11.92
EBIT	3.36	-2.53	-3,062.52	-1,427.55	243.59
EBIT Margin	0.11%	-0.10%	-46.67%	-20.04%	11.52%

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