# Youdao, Inc. (DAO)

Source page: https://stoqly.net/companies/dao

- **Ticker:** DAO (NYSE)
- **Sector:** Consumer Discretionary / Services-Educational Services
- **SEC CIK:** 0001781753
- **Latest annual report:** 20-F filed 2026-04-15 (https://www.sec.gov/Archives/edgar/data/1781753/000119312526155933/dao-20251231.htm)
- **Data updated:** 2026-11-09

## What the company does

Youdao provides digital learning products and services, along with online marketing services. Its offerings include Youdao Dictionary, language-learning apps, online courses, tutoring devices such as dictionary pens, and learning tools for schools. Its AI products include Hi Echo, which helps users practise spoken English, and Mr. P AI Tutor, which supports interactive learning across school subjects. Learners, schools, and advertisers use its products and services.

Youdao’s business includes learning services, smart learning devices, education digitalization solutions, online marketing services and AI-driven subscriptions. Its services include Youdao Premium Courses, NetEase Cloud Classroom and China University MOOC, while its devices include Youdao Dictionary Pen models and Youdao Smart Learning Terminals. The company also develops Confucius, its large language model, and uses it in learning and advertising tools. Its main market is China, and its overseas online marketing and AI subscription businesses operate through Youdao HK.

Youdao develops technology-driven learning services and devices, including tools that process paper homework and provide learning assessments at schools. It also builds AI products and incorporates its language model across learning services, online marketing and smart devices. Youdao is headquartered in Hangzhou, China.

## Key figures

- **Last close:** $19.07 on 2026-11-13 (−0.57% on the day)
- **Market cap:** $2.3B
- **P/E (trailing):** 152.3x
- **EPS, trailing 12 months:** $0.13
- **Revenue (FY2025):** $822M
- **Revenue growth:** +5.2%
- **Revenue growth, 5-year CAGR:** +17.6%
- **Gross margin:** 44.3%
- **Operating margin:** 3.7%
- **Net margin:** 1.6%
- **Free cash flow:** $4.1M
- **Free cash flow margin:** 0.5%
- **Change in share count:** +1.4%
- **Piotroski F-score:** 4/9
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $0.0M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/dao/figures.csv

| US$ millions | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| Revenue | 67 | 111 | 175 | 366 | 623 | 151 | 761 | 782 | 822 |
| Operating income | -19 | -33 | -67 | -123 | -146 | -115 | -66 | 21 | 31 |
| Net income | -20 | -32 | -87 | -254 | -154 | -111 | -78 | 10 | 14 |
| Diluted EPS (US$) | -0.30 | -0.42 | -0.97 | -2.25 | -1.27 | -0.87 | -0.64 | 0.10 | 0.13 |
| Operating cash flow | -13 | -15 | -54 | -47 | -209 | -90 | -62 | -9 | 8 |
| Free cash flow | -14 | -17 | -56 | -51 | -219 | -100 | -64 | -11 | 4 |
| Cash | 6 | 13 | 42 | 183 | 130 | 147 | 74 | 90 | 105 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.