Youdao, Inc. DAO
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $844.98M, +9.6% YoY · Filed Apr 15, 2026
Youdao, Inc. (DAO) files with the SEC under industry code 8200, Services-Educational Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $845.0 million and net income of $13.9 million. Free cash flow was $4.2 million. As of Dec 31, 2025 it held $108.4 million in cash and investments and $2.7 million in total debt.
Revenue
$844.98M
+9.6% vs prior year
Net income
$13.88M
+34.6% vs prior year
Operating cash flow
$7.89M
+184.8% vs prior year
Free cash flow
$4.23M
+138.7% vs prior year
EPS
$0.13
+30.0% vs prior year
Dividend per share
None
Shares outstanding
118.63M
+0.9% vs prior year
Net cash
$105.67M
FY 2025
Operating margin
3.7%
FY 2025
Company profile
- Industry
- Services-Educational Services (SIC 8200)
- Listed as
- DAO (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- Cayman Islands
- Headquarters
- Binjiang District, Hangzhou
- SEC filer status
- Accelerated filer
- SEC CIK
- 1781753
Other Services-Educational Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $845.0M | $770.7M | $759.1M | $726.8M | $630.2M |
| Operating income | $31.6M | $20.4M | -$65.7M | -$112.3M | -$148.0M |
| Net income | $13.9M | $10.3M | -$77.5M | -$108.1M | -$161.1M |
| Diluted EPS | $0.13 | $0.10 | -$0.64 | -$0.85 | -$1.28 |
| Operating cash flow | $7.9M | -$9.3M | -$61.7M | -$87.4M | -$211.3M |
| Free cash flow | $4.2M | -$10.9M | -$64.2M | -$97.4M | -$221.2M |
| Total assets | $282.4M | $248.6M | $234.7M | $330.0M | $413.3M |
| Total liabilities | $559.0M | $534.8M | $534.6M | $544.2M | $528.0M |
| Stockholders' equity | -$276.6M | -$286.2M | -$305.2M | -$223.5M | -$126.9M |
| Cash and investments | $108.4M | $99.8M | $81.4M | $160.4M | $134.8M |
| Total debt | $2.7M | $3.5M | $6.9M | $6.3M | $11.5M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Aug 20, 2026 | Aug 20, 2026 |
| 6-K | Current report (foreign issuer) | May 21, 2026 | May 21, 2026 |
| 6-K | Current report (foreign issuer) | Apr 15, 2026 | Apr 15, 2026 |
| 20-F | Annual report (foreign issuer) | Apr 15, 2026 | Dec 31, 2025 |
| 6-K | Current report (foreign issuer) | Feb 11, 2026 | Feb 11, 2026 |
| 6-K | Current report (foreign issuer) | Nov 20, 2025 | Nov 20, 2025 |
All 173 Youdao, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.