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. balance sheet

Annual Quarterly

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	FY 2016 2016-12-31
Cash & Equivalents	440	593	455	784	1,073	609	173	42	40	30
Short-Term Investments	298	63	72	232	504	585	121	50	–	–
Cash & Short-Term Investments	738	656	526	1,017	1,576	1,194	294	92	40	30
Receivables	381	419	354	405	248	269	201	81	–	–
Inventory	141	175	217	232	255	119	73	24	–	–
Prepaid Expenses & Other	139	154	176	208	183	200	121	44	–	–
Total Current Assets	1,723	1,487	1,300	1,870	2,270	1,852	2,030	595	–	–
Property, Plant & Equipment	–	–	–	–	–	46	25	18	–	–
Gross Property, Plant & Equipment	–	–	–	–	–	89	58	63	–	–
Accumulated Depreciation	–	–	–	–	–	-43	-34	-44	–	–
Long-Term Investments	20	72	51	91	33	42	2.00	–	–	–
Operating Lease Right-of-Use Assets	47	68	89	78	118	106	24	–	–	–
Goodwill	110	110	110	110	110	6.94	0	–	–	–
Other Long-Term Assets	31	30	45	35	22	18	6.13	6.17	–	–
Total Assets	1,975	1,814	1,666	2,276	2,634	2,070	2,086	620	–	–
Accounts Payable	110	145	159	282	161	141	63	35	–	–
Current Portion of Leases	22	38	39	36	47	30	4.17	–	–	–
Current Income Taxes Payable	14	5.89	11	14	7.66	2.50	7.95	10	–	–
Deferred Revenue (Current)	848	961	1,053	1,067	1,066	894	457	178	–	–
Total Current Liabilities	2,935	2,947	3,099	3,179	3,034	3,394	1,759	1,300	–	–
Long-Term Leases	19	26	49	44	73	80	21	–	–	–
Operating Lease Liabilities	41	64	88	79	120	110	25	–	–	–
Other Long-Term Liabilities	29	18	16	8.83	2.41	4.04	5.52	–	–	–
Total Liabilities	3,909	3,904	3,795	3,753	3,364	3,477	1,785	1,300	–	–
Additional Paid-In Capital	4,056	4,044	4,029	3,993	3,914	2,310	2,233	138	–	–
Treasury Stock	-176	-211	-172	-42	–	–	–	–	–	–
Comprehensive Income & Other	-100	-112	-101	-92	-54	-47	-15	–	–	–
Noncontrolling Interest	40	51	20	-6.76	-1.93	1.00	0.94	0.89	–	–
Total Equity	-1,934	-2,089	-2,167	-1,542	-809	-1,407	301	-1,141	-958	-850
Total Liabilities & Equity	1,975	1,814	1,666	2,276	2,634	2,070	2,086	620	–	–
Shares Outstanding(shares)	119	118	119	123	123	115	112	92	–	–

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.