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MARKETS / NYSE / DAO
NYSE · SERVICES-EDUCATIONAL SERVICES · MID CAP

Youdao, Inc. DAO

9 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 5.9B
▲ 5.0% YoY
CNY 97.0M
▲ 29.0% YoY
CNY 29.6M
In brief

What this company does

Youdao, Inc. has developed and used technologies to provide learning applications, content, devices and solutions to users of all ages. Youdao Dictionary had 39.1 million average MAUs in 2025. As of December 31, 2025, the company had a team of 581 research and development and related personnel, with expertise spanning natural language processing, computer vision, automatic speech recognition, machine learning and data mining. Youdao offers a portfolio of products and services organized into online learning, AI-driven subscription, online marketing services and smart devices. Its online marketing services are offered through the provision of different formats of advertisement, including banners, text links, videos, logos, buttons and rich media. It develops and offers smart devices that, in most cases, are designed by the company or in collaboration with third parties, with manufacturing outsourced to third-party manufacturers under original equipment manufacturer agreements. Youdao was founded in 2006 as part of NetEase, an internet technology company in China that provided online services centered around content, community, communication and commerce.

Written from the business description in Youdao, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 15 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 5.9B
Revenue, FY2025 · full 9-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 5.9 · Net income 0.1
2.0B4.0B-0.8B-1.6B201720182019202020212022202320242025
Compound annual growth
+5.6%
+18.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +18.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
2 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 3.7% · Net 1.6%
-20%-40%-60%201720182019202020212022202320242025
ROE

Not available in our data for this period.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow CNY B
FY2025 · FCF 0.0
-0.5B-1.0B201720182019202020212022202320242025
Net buybacks CNY M Dividends CNY M
FY2024 · Dividends — · Net buybacks 62.3
50M100M202220232024

Total assetsCNY 2.0B
CashCNY 439.7M
Current ratio0.59×

Not available: we don't have the total debt figure for this period.

The 9-year record
9 fiscal years
Every figure from documents filed with the SEC · CNY
row low → row highnegative
Metric 202520242023202220212020201920182017
Revenue CNY B5.95.65.45.04.02.51.20.70.5
Operating income CNY B0.20.1−0.5−0.8−0.9−0.9−0.5−0.2−0.1
EBITDA CNY B·····−0.8−0.4−0.2−0.1
Income tax CNY B0.00.00.00.00.00.00.00.00.0
Net income CNY B0.10.1−0.6−0.7−1.0−1.8−0.6−0.2−0.1
Free cash flow CNY B0.0−0.1−0.5−0.7−1.4−0.4−0.4−0.1−0.1
EPS, diluted CNY 0.900.70−4.53−5.88−8.18−15.53−6.68−2.80−2.04
Dividend / sh CNY ·········
Payout %·········
ROE %·········
Shares out B0.120.120.120.120.120.110.110.09·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 43 reconciliationsAUDITED

Reconciled in 9 of 19 fiscal years. 52 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Educational Services
Listed onNYSE
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2017

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