← Youdao, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | — | $455.7m |
$731.6m
+60.53%
|
$187.4m
-74.38%
|
$485.4m
+158.99%
|
$630.2m
+29.81%
|
$726.8m
+15.34%
|
$759.1m
+4.43%
|
$770.7m
+1.54%
|
$845.0m
+9.63%
|
$6.0b
+605.20%
|
|
| Cost of Goods and Services Sold | — | ($293.8m) |
$515.1m
+275.33%
|
$134.2m
-73.95%
|
$262.6m
+95.65%
|
$318.1m
+21.14%
|
$351.8m
+10.62%
|
$369.3m
+4.95%
|
$394.2m
+6.75%
|
$470.8m
+19.42%
|
$3.4b
+612.41%
|
|
| Cost of revenues | — | ($293.8m) |
($515.1m)
-75.33%
|
($934.3m)
-81.36%
|
($1.7b)
-83.38%
|
($2.0b)
-18.31%
|
($2.4b)
-19.72%
|
($2.6b)
-8.03%
|
($2.9b)
-9.75%
|
($3.3b)
-14.41%
|
$3.4b
+201.87%
|
|
| Net Interest Income | — | — | — | — | — | — | ($32.7m) |
($61.1m)
-86.93%
|
($69.2m)
-13.17%
|
($60.5m)
+12.47%
|
($57.6m)
+4.81%
|
|
| Gross Profit | — | $161.9m |
$216.5m
+33.67%
|
$53.2m
-75.41%
|
$222.9m
+318.65%
|
$312.1m
+40.03%
|
$375.0m
+20.16%
|
$389.8m
+3.95%
|
$376.5m
-3.40%
|
$374.2m
-0.62%
|
$2.6b
+596.12%
|
|
| Research And Development | — | $133.1m | $184.0m | $275.4m | $424.6m | $607.4m | $803.8m | $743.4m | $540.0m | $514.2m | $514.1m | |
| Research and Development Expense | — | — | $184.0m | $39.6m | $65.1m | $95.3m | $116.5m | $104.7m | $74.0m | $73.5m | $514.1m | |
| Selling and Marketing Expense | — | — | $213.4m | $89.5m | $413.3m | $326.0m | $337.5m | $319.5m | $256.5m | $240.9m | $1.9b | |
| Sales and marketing expenses (include transactions with related parties of RMB15,060, RMB10,411 and RMB18,428 for the years ended December 31, 2023, 2024 and 2025, respectively) | — | ($136.4m) | ($213.4m) | ($622.9m) | ($2.7b) | ($2.1b) | ($2.3b) | ($2.3b) | ($1.9b) | ($1.7b) | — | |
| General and Administrative Expense | — | — | $38.2m | $10.5m | $21.2m | $29.9m | $33.2m | $31.3m | $25.6m | $28.2m | $207.1m | |
| General and administrative expenses (include transactions with related parties of RMB9,009, RMB9,096 and RMB7,534 for the years ended December 31, 2023, 2024 and 2025, respectively) | — | ($22.5m) | ($38.2m) | ($73.3m) | ($138.5m) | ($190.3m) | ($229.2m) | ($222.0m) | ($187.1m) | ($197.0m) | $207.1m | |
| Amortization of Intangible Assets | — | — | — | — | — | $3.0m | — | — | — | — | — | |
| Restructuring And Mergern Acquisition | — | — | — | — | — | $2.5m | $0 | $0 | — | — | $0 | |
| Operating Expenses | — | — | $435.6m | $139.6m | $499.6m | $460.1m | $487.3m | $455.5m | $356.2m | $342.6m | $2.4b | |
| Other Operating Expenses | — | — | — | — | — | — | ($87.5m) | ($32.8m) | ($12.0m) | ($6.5m) | — | |
| Total operating expenses | — | ($292.0m) | ($435.6m) | ($971.5m) | ($3.3b) | ($2.9b) | ($3.4b) | ($3.2b) | ($2.6b) | ($2.4b) | $2.4b | |
| Other Non Operating Income Expenses | — | — | — | — | — | — | $3.9m | ($186k) | $4.1m | $1.3m | — | |
| Operating Income (Loss) | — | — | ($219.1m) |
($86.3m)
+60.61%
|
($276.7m)
-220.62%
|
($148.0m)
+46.52%
|
($112.3m)
+24.12%
|
($65.7m)
+41.52%
|
$20.4m
+131.04%
|
$31.6m
+55.22%
|
$181.3m
+472.80%
|
|
| Interest Expense | — | — | — | — | $4.8m | $5.0m | $6.6m | $9.8m | $10.0m | $9.0m | $60.5m | |
| Interest expense (include interest expense charged by related parties of RMB69,472, RMB73,090 and RMB62,972 for the years ended December 31, 2023, 2024 and 2025, respectively) | — | — | ($31.9m) | ($30.2m) | ($31.2m) | ($31.6m) | ($45.6m) | ($69.5m) | ($73.1m) | ($63.0m) | $60.5m | |
| Interest Expense Non Operating | — | — | — | — | — | — | $45.6m | $69.5m | $73.1m | $63.0m | $60.5m | |
| Investment Income, Interest | — | — | — | — | $3.9m | $2.9m | $1.9m | $1.2m | $537k | $347k | — | |
| Interest income | — | — | $8.3m | $12.1m | $25.5m | $18.8m | $12.9m | $8.3m | $3.9m | $2.4m | $2.8m | |
| Net Non Operating Interest Income Expense | — | — | — | — | — | — | ($32.7m) | ($61.1m) | ($69.2m) | ($60.5m) | ($57.6m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | ($23.9m) | ($5.0m) | $4.1m | $3.1m | ($2.4m) | ($9.2m) | — | |
| Gain On Sale Of Security | — | — | — | — | — | — | $6.5m | $4.2m | ($1.2m) | ($7.6m) | ($7.6m) | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | — | ($1.5m) | ($2.8m) | — | |
| Other Nonoperating Income (Expense) | — | — | $33k | ($2.2m) | $9.4m | $5.8m | $11.8m | ($1.6m) | $217k | ($6.7m) | — | |
| Nonoperating Income (Expense) | — | — | $44.6m | $2.9m | — | — | — | — | — | — | — | |
| Other Income Expense | — | — | — | — | — | — | ($6.0m) | ($44.4m) | ($10.5m) | ($53.6m) | ($49.2m) | |
| Interest Income (Expense), Nonoperating, Net | — | — | ($23.5m) | ($2.6m) | — | — | — | — | — | — | $2.8m | |
| (Loss)/Income before tax | — | — | ($198.0m) | ($599.0m) | ($1.8b) | ($919.4m) | ($725.9m) | ($539.0m) | $81.2m | $113.6m | — | |
| Pre-Tax Income | — | — | ($198.0m) | ($599.0m) | ($1.8b) | ($919.4m) | ($725.9m) | ($539.0m) | $81.2m | $113.6m | $74.4m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | ($268.3m) | ($144.3m) | ($105.2m) | ($75.9m) | $11.1m | $16.2m | $74.4m | |
| Current Income Tax Expense (Benefit) | — | — | $11.3m | $2.4m | $2.9m | $15.6m | $13.8m | $11.1m | $6.0m | $25.5m | $11.2m | |
| Income tax expenses | — | ($5.2m) | ($11.3m) | ($2.4m) | ($2.9m) | ($6.6m) | ($13.8m) | ($11.1m) | ($6.0m) | ($16.6m) | $11.2m | |
| Income Tax Expense (Benefit) | — | — | $11.3m | $349k | $449k | $1.0m | $2.0m | $1.6m | $823k | $2.4m | $11.2m | |
| Net Income From Continuing And Discontinued Operation | — | — | ($208.9m) | ($86.4m) | ($268.6m) | ($156.2m) | ($727.0m) | ($549.9m) | $82.2m | $107.3m | $69.2m | |
| Net Income Continuous Operations | — | — | — | — | — | — | ($739.8m) | ($550.1m) | $75.2m | $97.0m | $63.3m | |
| Net Income Discontinuous Operations | — | — | — | — | — | ($100.3m) | ($6.1m) | $0 | $0 | — | $0 | |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic | — | — | — | — | — | ($140.5m) | ($104.5m) | ($77.5m) | $11.3m | $107.3m | $69.2m | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | ($239.2m) |
($91.6m)
+61.73%
|
($268.6m)
-193.40%
|
($156.2m)
+41.84%
|
($105.4m)
+32.53%
|
($77.5m)
+26.52%
|
$11.3m
+114.54%
|
$15.3m
+36.29%
|
$69.2m
+350.68%
|
|
| Net loss attributable to noncontrolling interests | — | $30.4m | $385k | ($48k) | $563k | $30.7m | $18.9m | $182k | $7.0m | $10.3m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($385k) | $7k | ($86k) | ($4.8m) | ($2.7m) | ($26k) | ($957k) | ($1.5m) | $69.2m | |
| Income (Loss) from Continuing Operations, Per Basic Share | — | — | — | — | — | ($1) | ($1) | ($1) | $0 | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | — | — | — | — | ($1) | ($1) | ($1) | $0 | — | — | |
| Earnings Per Share, Basic | — | ($2.04) | ($2.80) | ($0.96) | ($2.38) | ($1.28) | ($0.85) | ($0.64) | $0.10 | $0.13 | $0.59 | |
| Earnings Per Share, Diluted | — | ($2.04) | ($2.80) | ($0.96) | ($2.38) | ($1.28) | ($0.85) | ($0.64) | $0.10 | $0.13 | $0.58 | |
| Weighted Average Number of Shares Outstanding, Basic | — | 65.4m | 85.3m | 95.4m | 112.9m | 121.7m | 123.6m | 121.4m | 117.4m | 118.1m | 118.4m | |
| Weighted average number of ordinary shares/ADSs outstanding, basic | — | 65.4m | 85.3m | 95.4m | 112.9m | 121.7m | 123.6m | 121.4m | 117.4m | 118.1m | — | |
| Basic Average Shares | — | 65.4m | 85.3m | 95.4m | 112.9m | 121.7m | $123.6m | $121.4m | $117.4m | $118.1m | $118.4m | |
| Diluted Average Shares | — | 65.4m | 85.3m | 95.4m | 112.9m | 121.7m | $123.6m | $121.4m | $118.2m | $119.9m | $120.1m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | 65.4m | 85.3m | 95.4m | 112.9m | 121.7m | 123.6m | 121.4m | 118.2m | 119.9m | 120.1m | |
| Additional Financial Items | ||||||||||||
| (Loss)/Income from operations | — | ($130.0m) | ($219.1m) | ($86.3m) | ($1.8b) | ($943.2m) | ($774.7m) | ($466.3m) | $148.8m | $221.3m | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | $1.1m | $1.5m | $6.2m | — | $3.7m | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | |
| Others, net (Note 14) | — | $598k | $44.6m | $2.9m | $61.1m | $36.7m | $81.4m | ($11.6m) | $1.6m | ($47.1m) | — | |
| Net (loss)/income | — | ($163.9m) | ($209.3m) | ($601.5m) | ($1.8b) | ($1.0b) | ($745.9m) | ($550.1m) | $75.2m | $97.0m | — | |
| Net (loss)/income attributable to ordinary shareholders of the Company | — | ($133.6m) | ($239.2m) | ($637.4m) | ($1.8b) | ($995.7m) | ($727.0m) | ($549.9m) | $82.2m | $107.3m | — | |
| Foreign currency translation adjustment | — | — | $496k | ($15.0m) | ($32.5m) | ($7.3m) | ($37.7m) | ($8.4m) | ($11.0m) | $11.6m | — | |
| Comprehensive loss attributable to noncontrolling interests | — | $30.4m | $385k | ($48k) | $563k | $30.7m | $18.9m | $182k | $7.0m | $10.3m | — | |
| Comprehensive (loss)/income attributable to ordinary shareholders of the Company | — | ($133.6m) | ($208.4m) | ($616.5m) | ($1.8b) | ($1.0b) | ($764.8m) | ($558.4m) | $71.2m | $118.9m | — | |
| Diluted EPS | — | — | — | — | — | — | ($5.88) | ($4.53) | $0.70 | $0.90 | $0.58 | |
| Diluted NI Availto Com Stockholders | — | — | ($208.9m) | ($86.4m) | ($268.6m) | ($156.2m) | ($727.0m) | ($549.9m) | $82.2m | $107.3m | $69.2m | |
| Earnings From Equity Interest | — | — | — | — | — | — | $462k | ($3.1m) | ($11.2m) | ($19.4m) | ($19.4m) | |
| Impairment Of Capital Assets | — | — | — | — | — | $56.8m | $0 | $0 | — | — | $0 | |
| Minority Interests | — | $30.4m | $385k | ($48k) | $563k | $30.7m | $18.9m | $182k | $7.0m | $10.3m | $5.9m | |
| Normalized EBITDA | — | — | — | — | — | — | ($627.7m) | ($398.9m) | $186.7m | $235.6m | $134.9m | |
| Normalized Income | — | — | — | — | — | — | ($713.1m) | ($519.1m) | $85.4m | $137.6m | $99.4m | |
| Other Gand A | — | — | — | — | — | — | $229.2m | $222.0m | $187.1m | $197.0m | — | |
| Other Special Charges | — | — | — | — | — | — | $6.6m | $1.5m | $2.2m | $2.3m | — | |
| Other Taxes | — | — | — | — | — | $5.4m | $0 | $0 | — | — | $0 | |
| Reconciled Depreciation | — | — | — | — | — | — | $42.2m | $29.6m | $29.0m | $23.4m | $23.4m | |
| Selling General And Administration | — | — | — | — | — | — | $2.6b | $2.5b | $2.1b | $1.9b | — | |
| Special Income Charges | — | — | — | — | — | — | ($16.9m) | ($45.2m) | ($2.2m) | ($28.0m) | ($28.0m) | |
| Tax Effect Of Unusual Items | — | — | — | — | — | — | ($2.6m) | ($10.3m) | ($251k) | ($5.3m) | ($5.3m) | |
| Tax Provision | — | — | — | — | — | — | $13.8m | $11.1m | $6.0m | $16.6m | $11.2m | |
| Tax Rate For Calcs | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Write Off | — | — | — | — | — | — | $10.3m | $43.7m | $0 | $25.7m | $25.7m | |
| Operating Expense | — | — | — | — | — | — | $3.3b | $3.2b | $2.6b | $2.4b | $2.4b | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | ($145.3m) | ($107.3m) | ($77.5m) | $10.3m | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | ($15.7m) | ($885k) | — | — | — | — | |
| Total other comprehensive (loss)/income | — | — | $496k | ($15.0m) | ($32.5m) | ($7.3m) | ($37.7m) | ($8.4m) | ($11.0m) | $11.6m | — | |
| Total comprehensive (loss)/income | — | ($163.9m) | ($208.8m) | ($616.5m) | ($1.8b) | ($1.0b) | ($783.6m) | ($558.6m) | $64.2m | $108.6m | — | |
| Total Unusual Items | — | — | — | — | — | — | ($10.4m) | ($41.0m) | ($3.4m) | ($35.6m) | ($35.6m) | |
| Total Expenses | — | — | — | — | — | — | $5.7b | $5.8b | $5.5b | $5.7b | $5.8b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.