InsiderClue
Stocks · Consumer discretionary · Services-Educational Services

Youdao, Inc.

DAO Clue Score37
Cayman Islands Fiscal year ends December CIK 0001781753
$17.40 +6.68% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $17.40 +30.53% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 25 Oct 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue455.7Operating income−130.0Net income−133.6EPS, diluted−2.04Fiscal year 2018Revenue731.6 +60.5%Operating income−219.1Net income−208.9EPS, diluted−2.80Fiscal year 2019Revenue1,207.4 +65.0%Operating income−459.8Net income−601.5EPS, diluted−6.68Fiscal year 2020Revenue2,526.8 +109.3%Operating income−851.5Net income−1,752.8EPS, diluted−15.53Fiscal year 2021Revenue4,015.8 +58.9%Operating income−943.2Net income−995.7EPS, diluted−8.18Fiscal year 2022Revenue5,013.2 +24.8%Operating income−774.7Net income−745.9EPS, diluted−5.88Fiscal year 2023Revenue5,389.2 +7.5%Operating income−466.3Net income−550.1EPS, diluted−4.53Fiscal year 2024Revenue5,625.9 +4.4%Operating income148.8Net income75.2EPS, diluted0.70Fiscal year 2025Revenue5,909.0 +5.0%Operating income221.3Net income97.0 +29.0%EPS, diluted0.90 +28.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 455.7 731.6 1,207.4 2,526.8 4,015.8 5,013.2 5,389.2 5,625.9 5,909.0
Growth +60.5% +65.0% +109.3% +58.9% +24.8% +7.5% +4.4% +5.0%
Operating income −130.0 −219.1 −459.8 −851.5 −943.2 −774.7 −466.3 148.8 221.3
Net income −133.6 −208.9 −601.5 −1,752.8 −995.7 −745.9 −550.1 75.2 97.0
Growth +29.0%
EPS, diluted −2.04 −2.80 −6.68 −15.53 −8.18 −5.88 −4.53 0.70 0.90
Growth +28.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin35.5%Operating margin−28.5%Net margin−29.3%Free cash flow margin−21.5%Fiscal year 2018Gross margin29.6%Operating margin−30.0%Net margin−28.6%Free cash flow margin−15.6%Fiscal year 2019Gross margin27.7%Operating margin−38.1%Net margin−49.8%Free cash flow margin−32.3%Fiscal year 2020Gross margin43.8%Operating margin−33.7%Net margin−69.4%Free cash flow margin−13.9%Fiscal year 2021Gross margin49.5%Operating margin−23.5%Net margin−24.8%Free cash flow margin−35.1%Fiscal year 2022Gross margin51.6%Operating margin−15.5%Net margin−14.9%Free cash flow margin−13.4%Fiscal year 2023Gross margin51.4%Operating margin−8.7%Net margin−10.2%Free cash flow margin−8.5%Fiscal year 2024Gross margin48.9%Operating margin2.6%Net margin1.3%Free cash flow margin−1.4%Fiscal year 2025Gross margin44.3%Operating margin3.7%Net margin1.6%Free cash flow margin0.5%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 35.5% 29.6% 27.7% 43.8% 49.5% 51.6% 51.4% 48.9% 44.3%
Operating margin −28.5% −30.0% −38.1% −33.7% −23.5% −15.5% −8.7% 2.6% 3.7%
Net margin −29.3% −28.6% −49.8% −69.4% −24.8% −14.9% −10.2% 1.3% 1.6%
Free cash flow margin −21.5% −15.6% −32.3% −13.9% −35.1% −13.4% −8.5% −1.4% 0.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow−87.1Capital expenditure−10.6Free cash flow−97.8Fiscal year 2018Operating cash flow−100.3Capital expenditure−13.7Free cash flow−114.0Fiscal year 2019Operating cash flow−372.3Capital expenditure−18.1Free cash flow−390.4Fiscal year 2020Operating cash flow−321.6Capital expenditure−30.8Free cash flow−352.3Fiscal year 2021Operating cash flow−1,346.4Capital expenditure−63.5Free cash flow−1,409.9Fiscal year 2022Operating cash flow−603.1Capital expenditure−68.7Free cash flow−671.8Buybacks−50.7Fiscal year 2023Operating cash flow−438.1Capital expenditure−17.9Free cash flow−456.0Buybacks−127.5Fiscal year 2024Operating cash flow−67.9Capital expenditure−11.8Free cash flow−79.7Buybacks−62.3Fiscal year 2025Operating cash flow55.2Capital expenditure−25.6Free cash flow29.6
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −87.1 −100.3 −372.3 −321.6 −1,346.4 −603.1 −438.1 −67.9 55.2
Capital expenditure −10.6 −13.7 −18.1 −30.8 −63.5 −68.7 −17.9 −11.8 −25.6
Free cash flow −97.8 −114.0 −390.4 −352.3 −1,409.9 −671.8 −456.0 −79.7 29.6
Growth
Buybacks n/a n/a n/a n/a n/a −50.7 −127.5 −62.3 n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash39.8Shareholders’ equity−958.0Fiscal year 2018Cash41.7Shareholders’ equity−1,141.4Fiscal year 2019Cash173.3Shareholders’ equity301.0Fiscal year 2020Cash609.2Shareholders’ equity−1,407.1Fiscal year 2021Cash322.8Shareholders’ equity−809.0Fiscal year 2022Cash783.6Shareholders’ equity−1,541.8Fiscal year 2023Cash454.5Shareholders’ equity−2,167.1Fiscal year 2024Cash592.7Shareholders’ equity−2,089.3Fiscal year 2025Cash439.7Shareholders’ equity−1,934.1
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 39.8 41.7 173.3 609.2 322.8 783.6 454.5 592.7 439.7
Shareholders’ equity −958.0 −1,141.4 301.0 −1,407.1 −809.0 −1,541.8 −2,167.1 −2,089.3 −1,934.1

In millions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
35.5% 29.6% 27.7% 43.8% 49.5% 51.6% 51.4% 48.9% 44.3%
−28.5% −30.0% −38.1% −33.7% −23.5% −15.5% −8.7% 2.6% 3.7%
n/a −27.1% −37.9% −31.5% −22.9% −14.5% −10.0% 1.4% 1.9%
−29.3% −28.6% −49.8% −69.4% −24.8% −14.9% −10.2% 1.3% 1.6%
−21.5% −15.6% −32.3% −13.9% −35.1% −13.4% −8.5% −1.4% 0.5%
Spending
29.2% 25.2% 22.4% 14.7% 15.1% 16.0% 13.8% 9.6% 8.7%
4.9% 5.2% 5.7% 4.5% 4.7% 4.6% 4.1% 3.3% 3.3%
2.3% 1.9% 1.5% 1.2% 1.6% 1.4% 0.3% 0.2% 0.4%
n/a n/a n/a n/a n/a n/a n/a 7.4% 14.6%
Returns
n/a n/a −199.8% n/a n/a n/a n/a n/a n/a
n/a −33.7% −28.8% −84.7% −37.8% −32.8% −33.0% 4.1% 4.9%
Balance and payout
n/a 209.9% 85.6% 168.0% 127.7% 164.9% 227.8% 215.2% 197.9%

Shown in CNY as filed; the screener converts to dollars.