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20-F

Annual Report (Foreign)

Youdao, Inc. DAO

0001193125-26-155933

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Filed
Apr 15, 2026 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Diluted FY 2025 · Dec 31, 2025 119.85M sh
Shares Diluted FY 2025 · Dec 31, 2024 118.17M sh
Shares Diluted FY 2025 · Dec 31, 2023 121.38M sh
Shares Outstanding FY 2025 · Dec 31, 2025 118.63M sh
Shares Outstanding FY 2025 · Dec 31, 2024 117.54M sh
Capex FY 2025 · Dec 31, 2025 $3.66M
Capex FY 2025 · Dec 31, 2025 ¥25.59M
Capex FY 2025 · Dec 31, 2024 ¥11.79M
Capex FY 2025 · Dec 31, 2023 ¥17.85M
Operating Cash Flow FY 2025 · Dec 31, 2025 $7.89M
Operating Cash Flow FY 2025 · Dec 31, 2025 ¥55.19M
Operating Cash Flow FY 2025 · Dec 31, 2024 −¥67.91M
Operating Cash Flow FY 2025 · Dec 31, 2023 −¥438.15M
Short Term Investments FY 2025 · Dec 31, 2025 $42.66M
Short Term Investments FY 2025 · Dec 31, 2025 ¥298.29M
Short Term Investments FY 2025 · Dec 31, 2024 ¥63.06M
Cash And Equivalents FY 2025 · Dec 31, 2025 $62.88M
Cash And Equivalents FY 2025 · Dec 31, 2025 ¥439.73M
Cash And Equivalents FY 2025 · Dec 31, 2024 ¥592.72M
Cash And Equivalents FY 2025 · Dec 31, 2023 ¥454.54M
Stockholders Equity FY 2025 · Dec 31, 2025 −$276.57M
Stockholders Equity FY 2025 · Dec 31, 2025 −¥1.93B
Stockholders Equity FY 2025 · Dec 31, 2024 −¥2.09B
Stockholders Equity FY 2025 · Dec 31, 2023 −¥2.17B
Stockholders Equity FY 2025 · Dec 31, 2022 −¥1.54B
Current Liabilities FY 2025 · Dec 31, 2025 $419.69M
Current Liabilities FY 2025 · Dec 31, 2025 ¥2.93B
Current Liabilities FY 2025 · Dec 31, 2024 ¥2.95B
Total Liabilities FY 2025 · Dec 31, 2025 $559M
Total Liabilities FY 2025 · Dec 31, 2025 ¥3.91B
Total Liabilities FY 2025 · Dec 31, 2024 ¥3.9B
Current Assets FY 2025 · Dec 31, 2025 $246.32M
Current Assets FY 2025 · Dec 31, 2025 ¥1.72B
Current Assets FY 2025 · Dec 31, 2024 ¥1.49B
Total Assets FY 2025 · Dec 31, 2025 $282.43M
Total Assets FY 2025 · Dec 31, 2025 ¥1.98B
Total Assets FY 2025 · Dec 31, 2024 ¥1.81B
Eps Diluted FY 2025 · Dec 31, 2025 $0.13
Eps Diluted FY 2025 · Dec 31, 2025 ¥0.90
Eps Diluted FY 2025 · Dec 31, 2024 ¥0.70
Eps Diluted FY 2025 · Dec 31, 2023 −¥4.53
Eps Basic FY 2025 · Dec 31, 2025 $0.13
Eps Basic FY 2025 · Dec 31, 2025 ¥0.91
Eps Basic FY 2025 · Dec 31, 2024 ¥0.70
Eps Basic FY 2025 · Dec 31, 2023 −¥4.53
Sga Expense FY 2025 · Dec 31, 2025 $28.17M
Sga Expense FY 2025 · Dec 31, 2025 ¥196.96M
Sga Expense FY 2025 · Dec 31, 2024 ¥187.09M
Sga Expense FY 2025 · Dec 31, 2023 ¥222M
Rd Expense FY 2025 · Dec 31, 2025 $73.54M
Rd Expense FY 2025 · Dec 31, 2025 ¥514.23M
Rd Expense FY 2025 · Dec 31, 2024 ¥540M
Rd Expense FY 2025 · Dec 31, 2023 ¥743.36M
Operating Income FY 2025 · Dec 31, 2025 $31.65M
Operating Income FY 2025 · Dec 31, 2025 ¥221.31M
Operating Income FY 2025 · Dec 31, 2024 ¥148.82M
Operating Income FY 2025 · Dec 31, 2023 −¥466.33M
Gross Profit FY 2025 · Dec 31, 2025 $374.2M
Gross Profit FY 2025 · Dec 31, 2025 ¥2.62B
Gross Profit FY 2025 · Dec 31, 2024 ¥2.75B
Gross Profit FY 2025 · Dec 31, 2023 ¥2.77B
Cost Of Revenue FY 2025 · Dec 31, 2025 $470.78M
Cost Of Revenue FY 2025 · Dec 31, 2025 ¥3.29B
Cost Of Revenue FY 2025 · Dec 31, 2024 ¥2.88B
Cost Of Revenue FY 2025 · Dec 31, 2023 ¥2.62B
Revenue FY 2025 · Dec 31, 2025 $844.98M
Revenue FY 2025 · Dec 31, 2025 ¥5.91B
Revenue FY 2025 · Dec 31, 2024 ¥5.63B
Revenue FY 2025 · Dec 31, 2023 ¥5.39B
Stock Repurchased FY 2025 · Dec 31, 2024 ¥62.3M
Stock Repurchased FY 2025 · Dec 31, 2023 ¥127.54M