Youdao, Inc.
DAO · XNYSCIK 1781753fmd_1X6G0AHHYD4GEBDYMNC2A9K2FKServices · Services-Educational ServicesTemplate: Standard
Coverage: Jan 01, 2017 to Dec 31, 2025, 11 periods
| Line item | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Total revenues | 456 | 732 | 1,207 | 2,527 | 4,016 | 5,013 | 5,389 | 5,626 | 5,909 |
| Cost of revenue | 294 | 515 | 872 | 1,419 | 2,027 | 2,427 | 2,622 | 2,877 | 3,292 |
| Gross profit | 162 | 216 | 335 | 1,107 | 1,989 | 2,586 | 2,767 | 2,748 | 2,617 |
| Research and development | 133 | 184 | 270 | 372 | 607 | 804 | 743 | 540 | 514 |
| Selling, general and administrative | 159 | 252 | 525 | 1,587 | 2,268 | 2,557 | 2,490 | 2,060 | 1,881 |
| Total operating expenses | 292 | 436 | 795 | 1,959 | 2,932 | 3,361 | 3,234 | 2,600 | 2,396 |
| Operating income | (130) | (219) | (460) | (851) | (943) | (775) | (466) | 149 | 221 |
| Interest expense | – | 32 | 30 | 31 | 32 | 46 | 69 | 73 | 63 |
| Interest and investment income | – | 8 | 12 | 26 | 19 | 13 | 8 | 4 | 2 |
| Other non-operating income (expense) | 1 | 45 | 20 | 61 | 37 | 81 | (12) | 2 | (47) |
| Income before taxes | – | (198) | (458) | (796) | (919) | (726) | (539) | 81 | 114 |
| Income tax expense | 5 | 11 | 2 | 3 | 7 | 14 | 11 | 6 | 17 |
| Net income from continuing operations | – | (209) | (460) | (799) | (926) | (740) | (550) | 75 | 97 |
| Net income | (134) | (209) | (602) | (1,753) | (996) | (746) | (550) | 75 | 97 |
| Net income to common shareholders | (134) | (239) | (637) | (1,753) | (996) | (727) | (550) | 82 | 107 |