Gaotu Techedu Inc.
GOTU NYSE Services-Educational Services Financials FY2017โFY2025
Revenue
Total sales reported in the income statement.
$855M
35.2%
vs prior year
Operating margin
Operating income as a share of revenue.
โ8.2%
17.8ย pts
Net income
Profit after all expenses, interest and tax.
โ$45.0M
Free cash flow
Cash from operations minus capital spending.
$34.3M
209.4%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
โ
Market cap
Last close times the latest diluted share count, so it is approximate.
โ
P/E
Last close divided by diluted earnings per share over the last four quarters.
โ
On โ$0.55 EPS (TTM)
What Gaotu Techedu Inc. does
No business description yet.
- Legal name
- Gaotu Techedu Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F ยท Apr 22, 2026
- Accession ยท CIK
- 0001193125-26-168211
0001768259
Revenue and margins
Gaotu Techedu Inc. had $855M of revenue in fiscal 2025, up 35.2% on the year before.
FY17
Revenue $14.4M
FY18
Revenue $60.0M
FY19
Revenue $306M
FY20
Revenue $1.0B
FY21
Revenue $1.0B
FY22
Revenue $371M
FY23
Revenue $418M
FY24
Revenue $633M
FY25
Revenue $855M
FY17
Gross 74.4%
Operating โ94.7%
Net โ89.1%
FCF โ51.3%
FY18
Gross 64.1%
Operating 4.8%
Net 4.9%
FCF 57.8%
FY19
Gross 74.7%
Operating 10.2%
Net 10.7%
FCF 57.9%
FY20
Gross 75.3%
Operating โ24.6%
Net โ19.6%
FCF 4.5%
FY21
Gross 63.5%
Operating โ48.5%
Net โ47.3%
FCF โ67.9%
FY22
Gross 71.9%
Operating โ4.7%
Net 0.5%
FCF 1.4%
FY23
Gross 73.3%
Operating โ5.0%
Net โ0.2%
FCF 10.6%
FY24
Gross 68.0%
Operating โ26.0%
Net โ23.0%
FCF 1.8%
FY25
Gross 67.4%
Operating โ8.2%
Net โ5.3%
FCF 4.0%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY17
Net income โ$12.9M
FY18
Net income $3.0M
FY19
Net income $32.8M
FY20
Net income โ$202M
FY21
Net income โ$481M
FY22
Net income $2.0M
FY23
Net income โ$1.0M
FY24
Net income โ$146M
FY25
Net income โ$45.0M
FY17
Diluted EPS โ$0.40
FY18
Diluted EPS โ$0.06
FY19
Diluted EPS $0.39
FY20
Diluted EPS โ$2.53
FY21
Diluted EPS โ$5.63
FY22
Diluted EPS $0.02
FY23
Diluted EPS โ$0.01
FY24
Diluted EPS โ$1.70
FY25
Diluted EPS โ$0.55
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY17
Return on capital โ
Return on equity โ
Return on assets โ
FY18
Return on capital โ
Return on equity โ
Return on assets 6.0%
FY19
Return on capital โ
Return on equity 43.1%
Return on assets 12.2%
FY20
Return on capital โ
Return on equity โ36.7%
Return on assets โ19.0%
FY21
Return on capital โ
Return on equity โ72.4%
Return on assets โ39.7%
FY22
Return on capital โ
Return on equity 0.4%
Return on assets 0.3%
FY23
Return on capital โ
Return on equity โ0.2%
Return on assets โ0.1%
FY24
Return on capital โ
Return on equity โ41.5%
Return on assets โ18.7%
FY25
Return on capital โ
Return on equity โ20.3%
Return on assets โ5.3%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $34.3M in fiscal 2025, 4.0% of revenue. Cash from operations minus capital spending.
FY17
Free cash flow โ$7.4M
FY18
Free cash flow $34.7M
FY19
Free cash flow $177M
FY20
Free cash flow $46.2M
FY21
Free cash flow โ$691M
FY22
Free cash flow $5.3M
FY23
Free cash flow $44.2M
FY24
Free cash flow $11.1M
FY25
Free cash flow $34.3M
FY17
Cash from operations โ$7.3M
Capital spending $0.1M
FY18
Cash from operations $36.6M
Capital spending $1.8M
FY19
Cash from operations $186M
Capital spending $8.9M
FY20
Cash from operations $87.4M
Capital spending $41.2M
FY21
Cash from operations โ$649M
Capital spending $42.2M
FY22
Cash from operations $8.1M
Capital spending $2.8M
FY23
Cash from operations $49.9M
Capital spending $5.8M
FY24
Cash from operations $35.9M
Capital spending $24.8M
FY25
Cash from operations $57.9M
Capital spending $23.6M
Cash from operations
Capital spending
Dividends, buybacks and share count
Gaotu Techedu Inc. returned $47.8M to shareholders in fiscal 2025, 139% of free cash flow. The diluted share count fell 4.8%.
FY17
Dividends โ
Buybacks $0.0M
FY18
Dividends โ
Buybacks $0.0M
FY19
Dividends โ
Buybacks $12.6M
FY20
Dividends โ
Buybacks $40.9M
FY21
Dividends โ
Buybacks $0.0M
FY22
Dividends โ
Buybacks $0.0M
FY23
Dividends โ
Buybacks $12.8M
FY24
Dividends โ
Buybacks $28.5M
FY25
Dividends โ
Buybacks $47.8M
Dividends
Buybacks
FY17
Diluted shares 0.05B
FY18
Diluted shares 0.05B
FY19
Diluted shares 0.07B
FY20
Diluted shares 0.08B
FY21
Diluted shares 0.09B
FY22
Diluted shares 0.09B
FY23
Diluted shares 0.09B
FY24
Diluted shares 0.09B
FY25
Diluted shares 0.08B
Balance sheet
Cash, debt and the ratios that show how comfortably Gaotu Techedu Inc. can carry it.
FY17
Cash $3.0M
Debt โ
FY18
Cash $33.6M
Debt โ
FY19
Cash $222M
Debt โ
FY20
Cash $1.2B
Debt โ
FY21
Cash $551M
Debt โ
FY22
Cash $543M
Debt โ
FY23
Cash $407M
Debt โ
FY24
Cash $434M
Debt $0.0M
FY25
Cash $472M
Debt $18.8M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $551M | $543M | $407M | $434M | $472M |
| Debt incl. finance leases | โ | โ | โ | $0.0M | $18.8M |
| Debt / equity | โ | โ | โ | 0.0x | 0.1x |
| Current ratio | 2.2x | 2.6x | 1.8x | 1.1x | 0.9x |
| Quick ratio | 2.2x | 2.6x | 1.8x | 1.1x | 0.9x |
| Total assets | $791M | $707M | $762M | $798M | $886M |
| Total liabilities | $337M | $258M | $325M | $534M | $706M |
| Shareholders' equity | $454M | $449M | $437M | $265M | $179M |
| Net debt (โ = net cash) | โ | โ | โ | โ$434M | โ$453M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | โ / 5 | 6 / 8 | 5 / 8 | 2 / 8 | 6 / 8 | 5 / 8 | 4 / 8 | 5 / 9 |
| Accruals ratio | โ | โ68.3% | โ57.1% | โ27.3% | 13.8% | โ0.8% | โ6.9% | โ23.3% | โ12.2% |
| Altman Z'' | โ | โ7.24 | 1.38 | 2.26 | โ3.06 | 1.89 | 0.28 | โ3.72 | โ3.81 |
9 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | $14.4M | $60.0M | $306M | $1.0B | $1.0B | $371M | $418M | $633M | $855M |
| Gross profit | $10.7M | $38.5M | $228M | $777M | $646M | $267M | $306M | $431M | $577M |
| Research and development | $7.8M | $11.2M | $30.7M | $106M | $194M | $66.1M | $65.2M | $90.1M | $87.2M |
| Operating income | โ$13.7M | $2.9M | $31.2M | โ$254M | โ$493M | โ$17.5M | โ$21.0M | โ$164M | โ$70.0M |
| Pretax income | โ$13.5M | $3.2M | $35.1M | โ$207M | โ$475M | โ$0.4M | $1.8M | โ$145M | โ$45.6M |
| Income tax | โ$0.7M | $0.4M | $2.5M | โ$5.0M | $6.3M | โ$2.3M | $1.5M | $1.2M | โ$0.6M |
| Net income | โ$12.9M | $3.0M | $32.8M | โ$202M | โ$481M | $2.0M | โ$1.0M | โ$146M | โ$45.0M |
| Net income to common | โ$18.6M | โ$2.9M | $27.2M | โ$202M | โ$481M | $2.0M | โ$1.0M | โ$146M | โ$45.0M |
| Diluted EPS | โ$0.40 | โ$0.06 | $0.39 | โ$2.53 | โ$5.63 | $0.02 | โ$0.01 | โ$1.70 | โ$0.55 |
| Diluted shares | 0.05B | 0.05B | 0.07B | 0.08B | 0.09B | 0.09B | 0.09B | 0.09B | 0.08B |
| Cash flow | |||||||||
| Cash from operations | โ$7.3M | $36.6M | $186M | $87.4M | โ$649M | $8.1M | $49.9M | $35.9M | $57.9M |
| Capital expenditure | $0.1M | $1.8M | $8.9M | $41.2M | $42.2M | $2.8M | $5.8M | $24.8M | $23.6M |
| Free cash flow | โ$7.4M | $34.7M | $177M | $46.2M | โ$691M | $5.3M | $44.2M | $11.1M | $34.3M |
| Depreciation and amortization | $0.7M | $0.6M | $1.7M | $8.1M | $16.8M | $10.2M | $7.2M | $8.5M | $14.5M |
| Stock-based compensation | $0.9M | $0.9M | $8.7M | $34.5M | $49.8M | $18.2M | $8.2M | $7.4M | $5.5M |
| Acquisitions | $0.0M | โ$0.0M | $0.0M | $5.1M | $0.0M | $0.0M | $0.0M | $0.0M | $4.5M |
| Share buybacks | $0.0M | $0.0M | $12.6M | $40.9M | $0.0M | $0.0M | $12.8M | $28.5M | $47.8M |
| Dividends and buybacks | $0.0M | $0.0M | $12.6M | $40.9M | $0.0M | $0.0M | $12.8M | $28.5M | $47.8M |
| Balance sheet | |||||||||
| Cash and short-term investments | $3.0M | $33.6M | $222M | $1.2B | $551M | $543M | $407M | $434M | $472M |
| Total debt | โ | โ | โ | โ | โ | โ | โ | $0.0M | $18.8M |
| Current assets | โ | $40.8M | $260M | $1.3B | $620M | $604M | $505M | $499M | $569M |
| Current liabilities | โ | $51.7M | $235M | $642M | $277M | $233M | $278M | $447M | $606M |
| Inventory | โ | โ | $1.3M | $7.4M | $2.5M | $3.3M | $3.5M | $5.0M | $7.8M |
| Property and equipment, net | โ | $2.4M | $11.8M | $108M | $107M | $80.0M | $75.1M | $91.8M | $144M |
| Goodwill | โ | $0.0M | $0.0M | $6.7M | $0.1M | $0.0M | $0.0M | $0.0M | $1.6M |
| Intangible assets | โ | $0.0M | $0.0M | $2.0M | $0.0M | $2.7M | $2.3M | $2.5M | $6.1M |
| Total assets | โ | $49.2M | $488M | $1.6B | $791M | $707M | $762M | $798M | $886M |
| Total liabilities | โ | $53.0M | $264M | $758M | $337M | $258M | $325M | $534M | $706M |
| Shareholders' equity | โ$73.7M | โ$71.6M | $224M | $876M | $454M | $449M | $437M | $265M | $179M |
| Margins | |||||||||
| Gross margin | 74.4% | 64.1% | 74.7% | 75.3% | 63.5% | 71.9% | 73.3% | 68.0% | 67.4% |
| Operating margin | โ94.7% | 4.8% | 10.2% | โ24.6% | โ48.5% | โ4.7% | โ5.0% | โ26.0% | โ8.2% |
| EBITDA margin | โ89.7% | 5.8% | 10.8% | โ23.9% | โ46.8% | โ2.0% | โ3.3% | โ24.6% | โ6.5% |
| Net margin | โ89.1% | 4.9% | 10.7% | โ19.6% | โ47.3% | 0.5% | โ0.2% | โ23.0% | โ5.3% |
| FCF margin | โ51.3% | 57.8% | 57.9% | 4.5% | โ67.9% | 1.4% | 10.6% | 1.8% | 4.0% |
| Returns | |||||||||
| Return on capital employed | โ | โ112.4% | 12.4% | โ25.6% | โ96.0% | โ3.7% | โ4.3% | โ46.7% | โ25.1% |
| Return on equity | โ | โ | 43.1% | โ36.7% | โ72.4% | 0.4% | โ0.2% | โ41.5% | โ20.3% |
| Return on assets | โ | 6.0% | 12.2% | โ19.0% | โ39.7% | 0.3% | โ0.1% | โ18.7% | โ5.3% |
| Return on tangible equity | โ | โ | 12.2% | โ23.3% | โ106.1% | 0.4% | โ0.2% | โ55.6% | โ26.2% |
| Growth | |||||||||
| Revenue growth | โ | 315.8% | 409.7% | 237.3% | โ1.4% | โ63.5% | 12.7% | 51.4% | 35.2% |
| Net income growth | โ | โ | 1,004.4% | โ715.4% | โ | โ | โ152.7% | โ | โ |
| EPS growth | โ | โ | โ | โ746.6% | โ | โ | โ153.8% | โ | โ |
| FCF growth | โ | โ | 410.1% | โ73.9% | โ1,594.6% | โ | 735.6% | โ74.9% | 209.4% |
| Share count change | โ | 0.0% | 51.2% | 14.5% | 6.9% | 3.0% | โ1.3% | โ1.3% | โ4.8% |
| Financial health | |||||||||
| Debt / equity | โ | โ | โ | โ | โ | โ | โ | 0.0x | 0.1x |
| Current ratio | โ | 0.8x | 1.1x | 2.0x | 2.2x | 2.6x | 1.8x | 1.1x | 0.9x |
| Quick ratio | โ | 0.8x | 1.1x | 2.0x | 2.2x | 2.6x | 1.8x | 1.1x | 0.9x |
| Capital allocation | |||||||||
| Capex / revenue | 0.4% | 3.1% | 2.9% | 4.0% | 4.2% | 0.8% | 1.4% | 3.9% | 2.8% |
| Stock comp / revenue | 5.9% | 1.5% | 2.8% | 3.3% | 4.9% | 4.9% | 2.0% | 1.2% | 0.6% |
| Payouts / FCF | โ | 0.0% | 7.1% | 88.5% | โ | 0.0% | 28.9% | 257.3% | 139.2% |
| Quality scores | |||||||||
| Piotroski F-score | โ | โ | 6.0 | 5.0 | 2.0 | 6.0 | 5.0 | 4.0 | 5.0 |
| Altman Z'' | โ | โ7.2 | 1.4 | 2.3 | โ3.1 | 1.9 | 0.3 | โ3.7 | โ3.8 |
| Accruals ratio | โ | โ68.3% | โ57.1% | โ27.3% | 13.8% | โ0.8% | โ6.9% | โ23.3% | โ12.2% |
Source: SEC EDGAR XBRL filings (CIK 0001768259). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. 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. Per-share figures are per US-listed share (1 ADS = 2 ordinary shares). For information only โ not investment advice. Check the original filings before relying on any figure.