GOTUNYSEServices-Educational ServicesFiscal year ends December 31
Gaotu Techedu Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 22, 2026
$2.62−0.02 (-0.76%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
67.4%−7.8 pts over 5 years
Operating margin
-8.2%+16.4 pts over 5 years
Net margin
-5.3%+14.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +35.0% | +35.0% | -2.9% | – | |
| Gross profit | +33.8% | +32.1% | -5.0% | – | |
| Free cash flow | +209.1% | +90.6% | -5.0% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -38.2% | -20.3% | |
| Return on assets | – | -19.8% | -5.4% | |
| Current ratio | – | 2.01 | 0.94 | |
| Debt to equity | – | – | 0.11 | |
| Inventory turnover | – | 62.0× | 43.8× | |
| Capex to revenue | – | 4.0% | 2.8% | |
| Diluted shares | – | 160M | 163M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Gaotu Techedu generated CN¥5.27B from operations and spent CN¥1.32B on capital expenditure, dividends and share buybacks. 52% of that went back into the business.
Generated
CN¥5.27B
Used
CN¥1.32B
Capital expenditureCN¥679.79M52%DividendsCN¥00%Share buybacksCN¥639.15M48%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-5.3%
×Asset turnover1.02×
×Equity multiplier3.77×
=Return on equity, FY2025-20.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -5.3% | 1.02× | 3.77× | -20.3% |
| FY2024 | -23.0% | 0.81× | 2.23× | -41.6% |
| FY2023 | -0.2% | 0.58× | 1.66× | -0.2% |
| FY2022 | 0.5% | 0.50× | 1.66× | 0.4% |
| FY2021 | -47.3% | 0.84× | 1.82× | -72.1% |
| FY2020 | -19.6% | 1.01× | 1.93× | -38.2% |
| FY2019 | 10.7% | 1.13× | 3.51× | 42.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-CN¥323.31M
- Cash generatingOperating cash flow above zeroCN¥416.09M
- Return on assets improvedROA up on the prior year-19.4% → -5.5%
- Earnings backed by cashOperating cash flow above net incomeCN¥416.09M vs -CN¥323.31M
- Less leverageLong-term debt to assets fell0.0% → 0.5%
- Better liquidityCurrent ratio rose1.12 → 0.94
- No dilutionShare count did not rise171M → 163M
- Gross margin improvedGross margin up on the prior year68.05% → 67.44%
- More efficientAsset turnover rose0.84 → 1.05