Gaotu Techedu Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

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
Revenue	6,147	4,554	2,961	2,498	6,562
Revenue Growth (YoY)	34.99%	53.79%	18.52%	-61.93%	-7.90%
Cost of Revenue	2,002	1,455	790.21	701.05	2,398
Gross Profit	4,145	3,099	2,171	1,797	4,164
Selling, General & Admin	4,021	3,632	1,858	1,470	5,850
Research & Development	626.95	648.06	462.04	445.12	1,253
Other Operating Expenses	-	-	-	-	242.09
Total Operating Expenses	4,648	4,280	2,320	1,915	7,344
Operating Income	-503.17	-1,182	-149.01	-118.05	-3,180
Interest Income	39.92	70.38	75.83	21.37	31.46
Other Non-Operating Income (Expense)	135.83	71.13	85.7	94.15	86.67
Total Non-Operating Income (Expense)	175.75	141.51	161.53	115.52	118.13
Pretax Income	-327.42	-1,040	12.52	-2.53	-3,062
Provision for Income Taxes	-4.11	8.63	10.66	-15.71	40.95
Net Income	-323.31	-1,049	-7.3	13.17	-3,103
Minority Interest in Earnings	-	-	9.17	-	0.3
Net Income to Common	-323.31	-1,049	-7.3	13.17	-3,103
Shares Outstanding (Basic)	245	257	261	258	256
Shares Outstanding (Diluted)	245	257	261	264	256
Shares Change (YoY)	-4.84%	-1.33%	-1.29%	3.04%	6.93%
EPS (Basic)	-1.32	-4.08	-0.03	0.05	-12.11
EPS (Diluted)	-1.32	-4.08	-0.03	0.05	-12.11
Shares Outstanding	239.97	252.94	172.11	172.86	171.34
Free Cash Flow	246.6	79.79	-2.07	35.59	-4,458
Free Cash Flow Growth	209.06%	-	-	-	-
Free Cash Flow Per Share	1.01	0.31	-0.01	0.13	-17.40
Gross Margin	67.44%	68.05%	73.31%	71.94%	63.46%
Operating Margin	-8.19%	-25.95%	-5.03%	-4.73%	-48.47%
Profit Margin	-5.26%	-23.04%	-0.25%	0.53%	-47.30%
FCF Margin	4.01%	1.75%	-0.07%	1.42%	-67.94%
EBITDA	-390.32	-1,117	-149.01	-47.3	-3,068
EBITDA Margin	-6.35%	-24.53%	-5.03%	-1.89%	-46.75%
EBIT	-503.17	-1,182	-149.01	-118.05	-3,180
EBIT Margin	-8.19%	-25.95%	-5.03%	-4.73%	-48.47%
Effective Tax Rate	1.26%	-0.83%	85.09%	620.02%	-1.34%

Updated Mar 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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