Stocks Real estate DAO
NYSE · Real estateYoudao, 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.
Key facts about Youdao, Inc.
- Net worth
- Youdao, Inc. has a market value (market cap) of $2.4B at the latest share price, and shareholders' equity of -$276.6M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $845M (+9.6% year on year), with net income of $15.4M.
- Cash flow
- In fiscal 2025 operations brought in $7.9M of cash; after $3.7M of capital spending, free cash flow was $4.2M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 15, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
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
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $845M | $15.4M | $0.13 | $4.2M |
| 2024 | $770.7M | $11.3M | $0.10 | -$10.9M |
| 2023 | $759.1M | -$77.5M | -$0.64 | -$64.2M |
| 2022 | $726.8M | -$105.4M | -$0.85 | -$97.4M |
| 2021 | $630.2M | -$156.2M | -$1.28 | -$221.2M |
| 2020 | $485.4M | -$268.6M | -$2.38 | -$54.9M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where DAO ranks in Real estate
Latest SEC filings
What Youdao, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 20, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- May 21, 2026
- May 15, 2026Passive stake changed SCHEDULE 13G/A
- April 15, 2026
- April 15, 2026Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue rose 9.6% to $845M versus the prior year; diluted EPS $0.13 versus $0.10.
- February 17, 2026Passive stake changed SCHEDULE 13G/A
- February 11, 2026
- November 20, 2025
- November 20, 2025
Insider trades
What the people running Youdao, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $0 worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 9, 2026 | Peng SuSenior Vice President | Sold | 6,750 | - |
| September 9, 2026 | Wu YinghuiSenior Vice President | Sold | 6,750 | - |
| September 9, 2026 | Jin Leipresident | Sold | 70,047 | - |
| September 1, 2026 | Shum Heung YeungDirector | Exercised options | 4,012 | - |
| September 1, 2026 | Shum Heung YeungDirector | Sold | 4,012 | - |
| August 31, 2026 | Shum Heung YeungDirector | Exercised options | 4,000 | - |
| August 31, 2026 | Shum Heung YeungDirector | Sold | 4,000 | - |
| August 31, 2026 | Shum Heung YeungDirector | Exercised options | 3,997 | - |
Who owns DAO
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Orbis Investment Management Limited ("OIML")13G, passive | 30.1% | November 14, 2024 |
| Orbis Investment Management Limited13G, passive | 20.1% | August 14, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 33 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Orbis Allan Gray Ltd | 6,563,497 | -175,227 |
| NetEase, Inc. | 2,898,293 | 0 |
| Vanguard Capital Management LLC | 840,158 | +7,728 |
| Vanguard Fiduciary Trust Co | 211,666 | 0 |
| Connor, Clark & Lunn Investment Management Ltd. | 211,199 | -14,809 |
| UBS Group AG | 65,644 | +10,710 |
| Citadel Advisors LLC | 59,247 | +8,608 |
| Renaissance Technologies LLC | 58,600 | -4,900 |
| Qube Research & Technologies Ltd | 46,477 | -14,035 |
| California Public Employees Retirement System | 36,047 | -940 |
| Public Employees Retirement System of Ohio | 28,104 | -237 |
| Invesco Ltd. | 23,744 | -3,301 |
| Savant Capital, LLC | 13,572 | new |
| Morgan Stanley | 6,883 | -15,291 |
| VANGUARD ASSET MANAGEMENT, Ltd | 3,843 | 0 |
| Tower Research Capital LLC (TRC) | 2,957 | +2,089 |
| Compagnie Lombard Odier SCmA | 2,000 | 0 |
| Rhumbline Advisers | 1,219 | 0 |
| Group One Trading LLC | 986 | -2,176 |
| Rockefeller Capital Management L.P. | 809 | new |
Insiders
6 insiders reported holding 559,595 shares in total, about $10.9M at the last price.
| Holder | Shares |
|---|---|
| Jin Leipresident | 331,677 |
| Shum Heung YeungDirector | 86,775 |
| Lai Jimmy Y.Director | 76,223 |
| Peng SuSenior Vice President | 30,750 |
| Wu YinghuiSenior Vice President | 30,750 |
| Li YongweiVice President | 3,420 |
Questions about DAO
What does Youdao, Inc. do?
Youdao, Inc. is a company in the Real estate sector, listed on NYSE as DAO. Its shares trade on NYSE under the ticker DAO.
What is Youdao, Inc.'s net worth?
Youdao, Inc. has a market value (market cap) of $2.4B at the latest share price, and shareholders' equity of -$276.6M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
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.