Growth & profitability
- Revenue has grown 11.7% per year over the past 5 years.
- Operating margin has expanded, at 3.7% in the latest year.
Financial health
- Operating income covered interest expense 3.5× in the latest year, up from -57.8× 5 years ago.
DAO Financials Youdao, Inc.
7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $845M | $14M | 44.3% | 3.7% | $4M | — | $63M |
| 2024 | $771M | $10M | 48.9% | 2.6% | -$11M | — | $81M |
| 2023 | $759M | -$77M | 51.4% | -8.7% | -$64M | — | $64M |
| 2022 | $727M | -$108M | 51.6% | -15.5% | -$97M | — | $114M |
| 2021 | $630M | -$161M | 49.5% | -23.5% | -$221M | — | $51M |
| 2020 | $485M | -$269M | 45.9% | -57.0% | -$55M | — | $93M |
| 2019 | $187M | -$86M | 28.4% | -46.1% | -$56M | — | $25M |
Valuation over time
How the market has priced DAO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 85.6× (Dec '24) to 95.7× (Jun '26).
- The price-to-sales ratio has risen from 1.4× (Mar '23) to 1.6× (Jun '26).
P/E
P/S
Frequently asked questions
Is DAO growing its revenue and profit?
Over the past 5 years, Youdao, Inc.'s revenue has grown 11.7% per year. These are computed facts, not advice.
How much debt does DAO have?
As of FY2025, Youdao, Inc. reported — of total debt against $63M of cash; operating income covered interest expense 3.5×.
What is DAO's profit margin?
In FY2025, gross margin was 44.3%, operating margin 3.7%, and net margin 1.6%.
What is DAO's P/E ratio?
As of Jun '26, Youdao, Inc. traded at a price-to-earnings ratio of about 95.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.