Youdao Financial Statements
NYSE: DAOReal EstateOther Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Youdao revenue and earnings
In fiscal 2025, Youdao generated $845.0 million in revenue, up 9.6% from fiscal 2024, its 6th consecutive year of revenue growth. Net income was $13.9 million (+34.6% year over year), for a net margin of 1.6% versus a median of -14.9% in the prior 5 years. Gross margin was 44.3% (down from 48.9%) and operating margin 3.7%.
Diluted earnings per share came in at $0.13, up from $0.10. Over the last 5 fiscal years, DAO's revenue has grown at a 11.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Youdao income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 |
|---|---|---|---|---|---|---|---|
| Revenue | 844.98M | 770.75M | 759.05M | 726.84M | 630.17M | 485.44M | 187.44M |
| Revenue growth (YoY) | +9.63% | +1.54% | +4.43% | +15.34% | +29.81% | +158.99% | — |
| Cost of Revenue | 470.78M | 394.21M | 369.26M | 351.85M | 318.07M | 262.56M | 134.20M |
| Gross Profit | 374.20M | 376.54M | 389.79M | 375.00M | 312.09M | 222.88M | 53.24M |
| Operating Expenses | 342.56M | 356.15M | 455.47M | 487.31M | 460.11M | 499.63M | 139.55M |
| Research & Development | 73.53M | 73.98M | 104.70M | 116.54M | 95.31M | 65.07M | 39.55M |
| Selling, General & Admin | 269.02M | 282.17M | 350.77M | 370.77M | 355.89M | 434.56M | 100.00M |
| Operating Income | 31.65M | 20.39M | -65.68M | -112.32M | -148.02M | -276.75M | -86.32M |
| Interest Expense | 9.01M | 10.01M | 9.79M | 6.61M | 4.97M | 4.78M | — |
| Other Income (Expense) | -6.74M | 217.00K | -1.63M | 11.81M | 5.76M | 9.36M | 2.88M |
| Pretax Income | 16.25M | 11.13M | -75.92M | -105.25M | -144.28M | -268.26M | — |
| Income Tax | 2.37M | 823.00K | 1.56M | 2.01M | 1.04M | 449.00K | 349.00K |
| Net Income | 13.88M | 10.31M | -77.48M | -108.14M | -156.24M | -268.63M | -86.40M |
| Net Income growth (YoY) | +34.65% | — | — | — | — | — | — |
| EPS (Basic) | 0.13 | 0.10 | -0.64 | -0.85 | -1.28 | -2.38 | -0.96 |
| EPS (Diluted) | 0.13 | 0.10 | -0.64 | -0.85 | -1.28 | -2.38 | -0.96 |
| Shares Outstanding (Basic) | 118.08M | 117.43M | 121.38M | 123.60M | 121.65M | 112.86M | 95.45M |
| Shares Outstanding (Diluted) | 119.85M | 118.17M | 121.38M | 123.60M | 121.65M | 112.86M | 95.45M |
| EBITDA | 34.99M | 24.35M | -61.51M | -106.20M | -143.29M | -274.28M | -84.80M |
| Gross Margin | 44.29% | 48.85% | 51.35% | 51.59% | 49.53% | 45.91% | 28.40% |
| Operating Margin | 3.75% | 2.65% | -8.65% | -15.45% | -23.49% | -57.01% | -46.05% |
| Net Margin | 1.64% | 134.00% | -10.21% | -14.88% | -24.79% | -55.34% | -46.10% |
This table shows 7 annual periods of Youdao's income statement, from FY 2025 back to FY 2019, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow DAO's reporting calendar. What is a income statement?