DAONYSEServices-Educational ServicesFiscal year ends December 31

Youdao, Inc.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 15, 2026

$18.75+0.59 (+3.25%)

Close on Oct 19, 2026

Youdao, Inc. income statement

Annual Quarterly TTM

CNY USD

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31
Revenue	5,909	5,626	5,389	5,013	4,016	2,527	1,207	732	456
Cost of Revenue	3,292	2,877	2,622	2,427	2,027	1,419	872	515	294
Gross Profit	2,617	2,748	2,767	2,586	1,989	1,107	335	216	162
Research & Development	514	540	743	804	607	372	270	184	133
Selling, General & Admin	1,881	2,060	2,490	2,557	2,268	1,587	525	252	159
Selling & Marketing	1,684	1,873	2,268	2,328	2,078	1,474	456	213	136
General & Administrative	197	187	222	229	190	113	69	38	22
Advertising Expenses	945	1,106	1,384	1,479	1,393	1,122	324	138	85
Operating Expenses	2,396	2,600	3,234	3,361	2,932	1,959	795	436	292
Operating Income	221	149	-466	-775	-943	-851	-460	-219	-130
Interest Expense	63	73	69	46	32	31	30	32	–
Interest & Investment Income	2.43	3.92	8.35	13	19	26	12	8.34	–
Income from Equity Investments	-19	-11	-3.13	0.46	–	–	–	–	–
Other Non-Operating Income	-47	1.59	-12	81	37	61	20	45	0.60
Asset Impairment Charges	0	0	0	0	0	0	0	0	0
Gain (Loss) on Sale of Assets	–	–	–	–	–	–	-0.12	-0.05	-0.12
Pretax Income	114	81	-539	-726	-919	-796	-458	-198	–
Income Tax Expense	17	6.01	11	14	6.65	2.93	2.43	11	5.16
Income from Continuing Operations	–	75	-550	-740	-926	-799	-460	–	–
Income from Discontinued Operations	–	–	–	-6.11	-100	-954	-141	–	–
Net Income incl. Noncontrolling Interests	97	75	-550	-746	-1,026	-1,753	-601	-209	-164
Minority Interest in Earnings	-10	-6.99	-0.18	-19	-31	-0.56	0.05	-0.39	-30
Net Income	–	–	–	–	-996	-1,753	-602	-209	-134
Net Income to Common	107	82	-550	-727	-996	-1,753	-637	-239	-134
EPS (Basic)(per share)	0.91	0.70	-4.53	-5.88	-8.18	-15.53	-6.68	-2.80	-2.04
EPS (Diluted)(per share)	0.90	0.70	-4.53	-5.88	-8.18	-15.53	-6.68	-2.80	-2.04
Shares Outstanding (Basic, Weighted)(shares)	118	117	121	124	122	113	95	85	65
Shares Outstanding (Diluted, Weighted)(shares)	120	118	121	124	122	113	95	85	65
EBITDA	245	178	-437	-732	-913	-836	-449	-213	-127

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 44.3%
Operating margin: 3.7%
Net margin: –
Return on equity, FY2025: –

Financial strength

Current ratio: 0.59
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 15.0%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.