Gaotu Techedu 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	2,961	2,498	6,562	7,125	2,115	397.31	97.58
Revenue Growth (YoY)	18.52%	-61.93%	-7.90%	236.89%	432.30%	307.16%	-
Cost of Revenue	790.21	701.05	2,398	1,763	535.91	142.75	25.02
Gross Profit	2,171	1,797	4,164	5,362	1,579	254.55	72.56
Selling, General & Admin	1,858	1,470	5,850	6,383	1,151	161.35	112.53
Research & Development	462.04	445.12	1,253	734.45	212.2	74.05	52.45
Other Operating Expenses	0	0	242.09	0	0	0	0
Operating Expenses	2,320	1,915	7,344	7,117	1,363	235.4	164.98
Operating Income	-149.01	-118.05	-3,180.34	-1,755.03	215.73	19.15	-92.43
Other Expense / Income	-152.37	-115.52	-117.83	-327.48	-27.85	-3.11	-0.85
Pretax Income	3.36	-2.53	-3,062.52	-1,427.55	243.59	22.27	-91.58
Income Tax	10.66	-15.71	40.95	-34.62	16.96	2.62	-4.62
Net Income	-7.3	13.17	-3,103.47	-1,392.93	226.63	19.65	-86.96
Preferred Dividends	0	0	0	0	38.47	38.93	38.93
Net Income Common	-7.3	13.17	-3,103.47	-1,392.93	188.16	-19.28	-125.89
Shares Outstanding (Basic)	174	172	171	160	132	92	92
Shares Outstanding (Diluted)	174	172	171	160	132	92	92
Shares Change	0.85%	0.86%	6.93%	20.64%	43.56%	-	-
EPS (Basic)	-0.03	0.05	-12.11	-5.81	0.95	-0.14	-0.91
EPS (Diluted)	-0.03	0.05	-12.11	-5.81	0.90	-0.14	-0.91
Free Cash Flow	-	57.59	-4,449.22	319.21	1,224	229.74	-49.96
Free Cash Flow Per Share	-	0.22	-17.37	1.33	6.16	1.66	-0.36
Gross Margin	73.31%	71.94%	63.46%	75.26%	74.66%	64.07%	74.36%
Operating Margin	-5.03%	-4.73%	-48.47%	-24.63%	10.20%	4.82%	-94.72%
Profit Margin	-0.25%	0.53%	-47.30%	-19.55%	8.90%	-4.85%	-129.01%
Free Cash Flow Margin	-	2.31%	-67.81%	4.48%	57.88%	57.82%	-51.20%
Effective Tax Rate	317.27%	-	-	-	6.96%	11.75%	-
EBITDA	-	66.27	-2,954.07	-1,371.8	255.51	26.31	-86.64
EBITDA Margin	-	2.65%	-45.02%	-19.25%	12.08%	6.62%	-88.79%
Depreciation & Amortization	-	68.81	108.45	55.75	11.92	4.04	4.93
EBIT	3.36	-2.53	-3,062.52	-1,427.55	243.59	22.27	-91.58
EBIT Margin	0.11%	-0.10%	-46.67%	-20.04%	11.52%	5.60%	-93.85%

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