Youdao, Inc. (DAO) quarterly income statement — complete revenue, gross profit & net income history
Youdao, Inc. (DAO) annual income statement — 9-year revenue, gross profit & net income history
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q4'21 | Q4'20 | Q3'20 | Q2'20 | Q4'19 |
|---|
| Sales/Revenue | 1.46B | 1.56B | 1.63B | 1.42B | 1.3B | 1.34B | 1.57B | 1.32B | 1.39B | 1.48B | 1.54B | 1.21B | 1.16B | 1.45B | 1.4B | 1.05B | 1.11B | 896.04M | 623.29M | 410.43M |
| Revenue Growth % | 3.19% | 16.79% | 3.56% | 7.25% | -6.72% | -9.5% | 2.19% | 9.54% | 19.65% | 1.83% | 9.72% | - | - | 38.63% | - | -5.24% | 169.67% | 159.04% | - | - |
| Cost of Goods Sold | 747.87M | 859.31M | 940.66M | 808.18M | 684.03M | 699.04M | 783.09M | 684.94M | 710.36M | 741.72M | 679.15M | 639.46M | 561.42M | 679.29M | 642.25M | 603.5M | 581.33M | 484.49M | 341.75M | 288M |
| COGS % of Revenue | 51.13% | 54.92% | 57.76% | 57.01% | 52.69% | 52.18% | 49.8% | 51.82% | 51.04% | 50.1% | 44.14% | 53% | 48.26% | 46.72% | 45.8% | 57.54% | 52.52% | 54.07% | 54.83% | 70.17% |
| Gross Profit | 714.85M | 705.38M | 687.86M | 609.36M | 614.23M | 640.75M | 789.46M | 636.78M | 681.5M | 738.8M | 859.64M | 567.17M | 601.85M | 774.69M | 760.18M | 445.29M | 525.47M | 411.55M | 281.54M | 122.43M |
| Gross Margin % | 48.87% | 45.08% | 42.24% | 42.99% | 47.31% | 47.82% | 50.2% | 48.18% | 48.96% | 49.9% | 55.86% | 47% | 51.74% | 53.28% | 54.2% | 42.46% | 47.48% | 45.93% | 45.17% | 29.83% |
| Gross Profit Growth % | 17.31% | 10.09% | -12.87% | -4.31% | -9.87% | -13.27% | -8.16% | 12.27% | 13.23% | -4.63% | 13.08% | - | - | 73.97% | - | -15.26% | 329.2% | 361.21% | - | - |
| Operating Expenses | 603.62M | 638.67M | 659.6M | 580.56M | 510.19M | 544.54M | 682.18M | 709.33M | 651.58M | 662.52M | 917.32M | 856.31M | 797.64M | 750.01M | 979.22M | 693.57M | 978.24M | 1.31B | 564.55M | 326.46M |
| OpEx % of Revenue | 41.27% | 40.82% | 40.5% | 40.96% | 39.3% | 40.64% | 43.38% | 53.67% | 46.81% | 44.75% | 59.61% | 70.97% | 68.57% | 51.58% | 69.82% | 66.13% | 88.38% | 145.7% | 90.58% | 79.54% |
| Selling, General & Admin | 461.98M | 502.53M | 531.8M | 452.24M | 394.71M | 435.88M | 562.59M | 556.35M | 504.86M | 494.39M | 730M | 651.23M | 614.81M | 570.54M | 766.29M | 466.55M | 850.16M | 1.18B | 473.13M | 237.21M |
| SG&A % of Revenue | 31.58% | 32.12% | 32.66% | 31.9% | 30.4% | 32.53% | 35.78% | 42.09% | 36.27% | 33.39% | 47.44% | 53.97% | 52.85% | 39.24% | 54.64% | 44.48% | 76.81% | 132.2% | 75.91% | 57.79% |
| Research & Development | 141.64M | 142.65M | 127.79M | 128.32M | 115.47M | 120.69M | 119.59M | 152.99M | 146.72M | 168.13M | 187.33M | 205.08M | 182.83M | 179.47M | 212.93M | 170.25M | 128.08M | 120.99M | 91.42M | 89.25M |
| R&D % of Revenue | 9.68% | 9.12% | 7.85% | 9.05% | 8.89% | 9.01% | 7.61% | 11.57% | 10.54% | 11.36% | 12.17% | 17% | 15.72% | 12.34% | 15.18% | 16.23% | 11.57% | 13.5% | 14.67% | 21.75% |
| Other Operating Expenses | 0 | -1000K | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 |
| Operating Income | 111.55M | 66.71M | 28.27M | 28.8M | 104.04M | 96.21M | 107.27M | -72.55M | 29.92M | 76.28M | -57.69M | -289.13M | -195.79M | 24.67M | -219.03M | -248.28M | -452.77M | -894M | -283.01M | -204.03M |
| Operating Margin % | 7.63% | 4.26% | 1.74% | 2.03% | 8.01% | 7.18% | 6.82% | -5.49% | 2.15% | 5.15% | -3.75% | -23.96% | -16.83% | 1.7% | -15.62% | -23.67% | -40.91% | -99.77% | -45.41% | -49.71% |
| Operating Income Growth % | 287.33% | -30.66% | -73.65% | 139.69% | 247.68% | 26.13% | 285.96% | 74.91% | 115.28% | 209.19% | 73.66% | - | - | 109.94% | - | 45.16% | -121.91% | -280.85% | - | - |
| EBITDA | 101.08M | 50.36M | 22.33M | 309K | 103.6M | 86.74M | 106.34M | -72.55M | 33.79M | 75.43M | -76.62M | -281.25M | -187.12M | 31.51M | -174.94M | -87.14M | -448.63M | -870.03M | -250.05M | -200.83M |
| EBITDA Margin % | 6.91% | 3.22% | 1.37% | 0.02% | 7.98% | 6.47% | 6.76% | -5.49% | 2.43% | 5.09% | -4.98% | -23.31% | -16.09% | 2.17% | -12.47% | -8.31% | -40.53% | -97.1% | -40.12% | -48.93% |
| EBITDA Growth % | 32611% | -41.94% | -79% | 100.43% | 206.58% | 15% | 238.79% | 74.21% | 118.06% | 139.37% | 56.2% | - | - | 136.16% | - | 80.58% | -123.38% | -275.04% | - | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 161.14M | 4.14M | 0 | 0 | 3.2M |
| EBIT | 101.08M | 50.36M | 22.33M | 309K | 103.6M | 86.74M | 106.34M | -72.55M | 33.79M | 75.43M | -76.62M | -281.25M | -187.12M | 31.51M | -174.94M | -232.93M | -439.59M | -870.03M | -250.05M | -204.03M |
| Net Interest Income | -11.13M | -13.9M | -14.85M | -15.79M | -15.56M | -16.1M | -13.75M | -19.97M | -19.47M | -16.79M | -15.71M | -15.41M | -13.53M | -11.14M | -8.59M | -5.39M | -4.11M | -1.2M | -422.16K | -1.7M |
| Interest Income | 904.43K | 813.61K | 455.6K | 621.99K | 516.01K | 984.79K | 1.03M | 920.08K | 980.66K | 1.7M | 2.18M | 2.22M | 2.3M | 2.96M | 4.2M | 3M | 3.62M | 0 | 0 | 0 |
| Interest Expense | 12.04M | 14.71M | 15.3M | 16.41M | 16.07M | 17.08M | 14.78M | 20.89M | 20.45M | 18.49M | 17.89M | 17.63M | 15.84M | 14.1M | 12.79M | 8.39M | 7.73M | 1.2M | 422.16K | 1.7M |
| Other Income/Expense | -22.54M | -31.27M | -21.32M | -45.06M | -16.55M | -26.3M | -16.05M | -20.81M | -16.47M | -19.73M | -36.68M | -9.2M | -7.09M | -7.8M | 31.81M | 6.92M | 5.33M | 16.14M | 25.2M | 1.14M |
| Pretax Income | 89M | 35.44M | 6.95M | -16.26M | 87.49M | 69.91M | 91.23M | -93.36M | 13.46M | 56.56M | -94.37M | -298.33M | -202.88M | 16.87M | -187.22M | -241.36M | -447.44M | -877.87M | -257.82M | -202.89M |
| Pretax Margin % | 6.08% | 2.27% | 0.43% | -1.15% | 6.74% | 5.22% | 5.8% | -7.06% | 0.97% | 3.82% | -6.13% | -24.72% | -17.44% | 1.16% | -13.35% | -23.01% | -40.43% | -97.97% | -41.36% | -49.43% |
| Income Tax | 11.6M | -510K | 2.92M | 4.28M | 9.89M | -2.39M | 2.37M | 7.05M | -1.03M | 441K | 2.56M | 4.89M | 3.2M | 13.83M | -1.11M | -556K | 495K | 240K | 9K | -9K |
| Effective Tax Rate % | 13.03% | -1.44% | 42.09% | -26.32% | 11.31% | -3.41% | 2.6% | -7.55% | -7.64% | 0.78% | -2.71% | -1.64% | -1.58% | 82.01% | 0.59% | 0.23% | -0.11% | -0.03% | -0% | 0% |
| Net Income | 73.58M | 48.25M | 120K | -17.76M | 76.74M | 83M | 86.25M | -99.47M | 12.43M | 56.48M | -102.91M | -299.16M | -204.35M | 12.3M | -183.92M | -16.61M | -447.75M | -877.8M | -257.81M | -202M |
| Net Margin % | 5.03% | 3.08% | 0.01% | -1.25% | 5.91% | 6.2% | 5.48% | -7.53% | 0.89% | 3.82% | -6.69% | -24.79% | -17.57% | 0.85% | -13.11% | -1.58% | -40.46% | -97.96% | -41.36% | -49.22% |
| Net Income Growth % | 514.22% | -41.87% | -99.86% | 82.14% | 517.3% | 46.95% | 183.82% | 66.75% | 106.08% | 359.28% | 44.05% | - | - | 174.03% | - | 96.29% | -121.66% | -279.79% | - | - |
| Net Income (Continuing) | 77.4M | 35.95M | 4.03M | -20.54M | 77.6M | 72.3M | 88.86M | -100.41M | 14.48M | 56.12M | -96.93M | -303.22M | -206.08M | 3.04M | -186.11M | -240.8M | -447.93M | -878.11M | -257.83M | -202.88M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 |
| Minority Interest | 37.9M | 39.96M | 52.63M | 48.73M | 51.5M | 50.65M | 61.35M | 58.75M | 59.69M | 57.63M | 58M | 52.02M | 56.09M | 57.81M | 67.08M | 76.67M | 997K | 1.18M | 1.48M | 936K |
| EPS (Diluted) | 0.61 | 0.40 | 0.00 | -0.15 | 0.64 | 0.70 | 0.73 | -0.85 | 0.10 | 0.47 | -0.85 | -2.48 | -1.69 | 0.02 | -1.50 | -1.95 | -3.93 | -7.73 | -2.30 | -1.91 |
| EPS Growth % | 506.67% | -42.86% | -99.86% | 82.35% | 540% | 48.94% | 185.88% | 65.73% | 105.92% | 1826.23% | 43.33% | - | - | 101.25% | - | 50.38% | -105.76% | -275.24% | - | - |
| EPS (Basic) | 0.62 | 0.40 | 0.00 | -0.15 | 0.65 | 0.70 | 0.73 | -0.85 | 0.11 | 0.47 | -0.85 | -2.48 | -1.69 | 0.02 | -1.51 | -1.95 | -4.00 | -7.74 | -2.30 | -1.92 |
| Diluted Shares Outstanding | 120.63M | 120.29M | 119.94M | 117.87M | 119.5M | 118.7M | 117.94M | 117.17M | 118.93M | 120.43M | 121.28M | 122.27M | 122.27M | 124.35M | 123.77M | 123.19M | 113.9M | 113.5M | 112.28M | 105.67M |
| Basic Shares Outstanding | 118.91M | 118.6M | 118.26M | 117.87M | 117.59M | 118.58M | 117.8M | 117.03M | 118.32M | 120.17M | 121.28M | 122.25M | 122.27M | 123.58M | 123.44M | 123.19M | 111.94M | 113.42M | 112.09M | 105.46M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |