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Youdao, Inc. (DAO)

Youdao, Inc. reported revenue of $845M in fiscal 2025, up 9.6% from a year earlier. Net income was $15.4M, a net margin of 1.8%. Operating cash flow minus capital spending left $4.2M of free cash flow in fiscal 2025. At December 31, 2025 it held $62.9M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 15, 2026.

Revenue (FY2025)
$845M
+9.6% year on year
Net margin
1.8%

What Youdao, Inc. does

Youdao, Inc. is registered with the SEC under industry code SIC 8200 (Services-Educational Services). Its shares trade on NYSE under the ticker DAO.

Revenue and profit by year

Revenue
FY19: $187.4M $187.4M FY19FY20: $485.4M $485.4M FY20FY21: $630.2M $630.2M FY21FY22: $726.8M $726.8M FY22FY23: $759.1M $759.1M FY23FY24: $770.7M $770.7M FY24FY25: $845M $845M FY25
Net income
FY19: -$86.4M -$86.4M FY19FY20: -$268.6M -$268.6M FY20FY21: -$156.2M -$156.2M FY21FY22: -$105.4M -$105.4M FY22FY23: -$77.5M -$77.5M FY23FY24: $11.3M $11.3M FY24FY25: $15.4M $15.4M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$845M$31.6M$15.4M$0.13$4.2M
2024$770.7M$20.4M$11.3M$0.10-$10.9M
2023$759.1M-$65.7M-$77.5M-$0.64-$64.2M
2022$726.8M-$112.3M-$105.4M-$0.85-$97.4M
2021$630.2M-$148M-$156.2M-$1.28-$221.2M
2020$485.4M-$276.7M-$268.6M-$2.38-$54.9M

Latest SEC filings

What Youdao, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 20, 2026
    Foreign issuer update 6-K
  2. August 14, 2026
    Passive stake changed SCHEDULE 13G/A
  3. May 21, 2026
    Foreign issuer update 6-K
  4. May 15, 2026
    Passive stake changed SCHEDULE 13G/A
  5. April 15, 2026
    Foreign issuer update 6-K
  6. April 15, 2026
    Annual report (foreign issuer) 20-F · period to December 31, 2025
  7. February 17, 2026
    Passive stake changed SCHEDULE 13G/A
  8. February 11, 2026
    Foreign issuer update 6-K
  9. November 20, 2025
    Foreign issuer update 6-K
  10. November 20, 2025
    Foreign issuer update 6-K

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 11, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about DAO

What does Youdao, Inc. do?

Youdao, Inc. is registered with the SEC under industry code SIC 8200 (Services-Educational Services). Its shares trade on NYSE under the ticker DAO.

Is Youdao, Inc. profitable?

Yes. In fiscal 2025 it reported net income of $15.4M on revenue of $845M, a net margin of 1.8%.

How much revenue does Youdao, Inc. make?

In fiscal 2025 Youdao, Inc. reported revenue of $845M. That is 9.6% more than a year earlier.

When did Youdao, Inc. last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 15, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from September 11, 2026.

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Where the numbers come from

Financial figures are the values Youdao, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.