Youdao, Inc.
DAO NYSE· Services-Educational Services
Last close · Nov 13, 2026
$19.07
Latest fiscal year · FY25 results fiscal year ended Dec 31, 2025 · vs FY24
| Line | FY24 | FY25 | Change (y/y) |
|---|---|---|---|
| Revenue | $782M | $822M | 5.2% |
| Net income | $10.5M | $13.5M | 29.2% |
| Diluted EPS | $0.10 | $0.13 | 28.7% |
| Operating margin | 2.6% | 3.7% | 1.1 pts |
| Free cash flow | −$11.1M | $4.1M | — |
Key numbers, fiscal 2025
Market cap
$2.3B
P/E
152.3x
Revenue
$822M
Net income
$13.5M
Free cash flow
$4.1M
Operating margin
3.7%
Youdao, Inc. in 30 seconds fiscal 2025
Are sales growing?
+5.2%
Yes. Sales grew 5.2% last year.
Does it make a profit?
1.6%
A little. It keeps 1.6% of every sale as profit.
Does profit turn into cash?
0.5%
Partly. 0.5% of sales ends up as free cash.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
152.3x
One share costs 152.3 times its yearly profit per share.
What Youdao, Inc. 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.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 15, 2026
- Legal name
- Youdao, Inc.
- CIK
- 0001781753
Youdao, Inc. · DAO · stoqly.net
Results and finances
The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $623M | $151M | $761M | $782M | $822M |
| Revenue growth | 70.1% | −75.8% | 405.5% | 2.7% | 5.2% |
| Gross margin | 49.5% | 255.2% | 51.4% | 48.9% | 44.3% |
| Operating margin | −23.5% | −76.4% | −8.7% | 2.6% | 3.7% |
| Net income | −$154M | −$111M | −$77.7M | $10.5M | $13.5M |
| Net margin | −24.8% | −73.6% | −10.2% | 1.3% | 1.6% |
| Diluted EPS | −$1.27 | −$0.87 | −$0.64 | $0.10 | $0.13 |
| Cash | |||||
| Cash from operations | −$209M | −$89.6M | −$61.9M | −$9.4M | $7.7M |
| Capital expenditure | $9.8M | $10.2M | $2.5M | $1.6M | $3.6M |
| Free cash flow | −$219M | −$99.8M | −$64.4M | −$11.1M | $4.1M |
| FCF margin | −35.1% | −66.3% | −8.5% | −1.4% | 0.5% |
| Share buybacks | — | $7.5M | $18.0M | $8.7M | — |
| Share count change | 7.8% | 1.6% | −1.8% | −2.6% | 1.4% |
| Debt and strength | |||||
| Cash and short-term investments | $130M | $147M | $74.1M | $89.8M | $105M |
| Shareholders' equity | −$127M | −$223M | −$305M | −$286M | −$276M |
| Current ratio | 0.7x | 0.6x | 0.4x | 0.5x | 0.6x |
| Interest coverage | −29.8x | −17.0x | −6.7x | 2.0x | 3.5x |
| Returns and quality | |||||
| Piotroski F-score | 4 | 3 | 4 | 4 | 4 |
Insider trades 12 months
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Youdao, Inc. · DAO · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001781753). Latest version: stoqly.net/companies/dao. Data updated November 9, 2026. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.