# Youdao, Inc.: overview DAO · NYSE · CIK 1781753 · [Other](/sectors/other.md) · fiscal year ends Dec 31 Pages: [Overview](/companies/dao.md) · [Financials](/companies/dao/financials.md) · [Filings](/companies/dao/filings.md) · [Insiders](/companies/dao/insiders.md) Revenue is not reported in this company’s XBRL financial statements. ## Last eight quarters Not reported. ## Last five fiscal years | Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [630](/filings/0001193125-22-127645.md) | [727](/filings/0001193125-23-119945.md) | [759](/filings/0001193125-24-111467.md) | [771](/filings/0001193125-25-080651.md) | [845](/filings/0001193125-26-155933.md) | | Gross margin | % | [49.5%](/filings/0001193125-22-127645.md) | [51.6%](/filings/0001193125-23-119945.md) | [51.4%](/filings/0001193125-24-111467.md) | [48.9%](/filings/0001193125-25-080651.md) | [44.3%](/filings/0001193125-26-155933.md) | | Operating margin | % | [(23.5%)](/filings/0001193125-22-127645.md) | [(15.5%)](/filings/0001193125-23-119945.md) | [(8.7%)](/filings/0001193125-24-111467.md) | [2.6%](/filings/0001193125-25-080651.md) | [3.7%](/filings/0001193125-26-155933.md) | | Net margin | % | [(24.8%)](/filings/0001193125-22-127645.md) | [(14.9%)](/filings/0001193125-23-119945.md) | [(10.2%)](/filings/0001193125-24-111467.md) | [1.3%](/filings/0001193125-25-080651.md) | [1.6%](/filings/0001193125-26-155933.md) | | Diluted EPS | $ per share | [(1.28)](/filings/0001193125-22-127645.md) | [(0.85)](/filings/0001193125-23-119945.md) | [(0.64)](/filings/0001193125-24-111467.md) | [0.10](/filings/0001193125-25-080651.md) | [0.13](/filings/0001193125-26-155933.md) | | Free cash flow | $m | [(221)](/filings/0001193125-22-127645.md) | [(97.4)](/filings/0001193125-23-119945.md) | [(64.2)](/filings/0001193125-24-111467.md) | [(10.9)](/filings/0001193125-25-080651.md) | [4.2](/filings/0001193125-26-155933.md) | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Net income: us-gaap:ProfitLoss. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/dao/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [Orbis Allan Gray Ltd](/funds/1663865.md) | 2026-06-30 | $80.7m | 6,563,497 | | Reduced −175,227 | | [NetEase, Inc.](/funds/1110646.md) | 2026-06-30 | $35.6m | 2,898,293 | | Unchanged | | [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $10.3m | 840,158 | | Added +7,728 | | [VANGUARD FIDUCIARY TRUST CO](/funds/933478.md) | 2026-06-30 | $2.6m | 211,666 | | Unchanged | | [Connor, Clark & Lunn Investment Management Ltd.](/funds/1596800.md) | 2026-06-30 | $2.6m | 211,199 | | Reduced −14,809 | | [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $807.4k | 65,644 | | Added +10,710 | | [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $728.7k | 59,247 | | Added +8,608 | | [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $720.8k | 58,600 | | Reduced −4,900 | | [Qube Research & Technologies Ltd](/funds/1729829.md) | 2026-06-30 | $571.7k | 46,477 | | Reduced −14,035 | | [California Public Employees Retirement System](/funds/919079.md) | 2026-06-30 | $443.4k | 36,047 | | Reduced −940 | ## Recent filings [All 170 filings](/companies/dao/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-08-20 | 06:47 ET | [6-K](/filings/0000950103-26-012675.md) | Report of a foreign private issuer, period 2026-08-20 | 0000950103-26-012675 | | 2026-05-21 | 06:22 ET | [6-K](/filings/0000950103-26-007567.md) | Report of a foreign private issuer, period 2026-05-21 | 0000950103-26-007567 | | 2026-04-15 | 07:23 ET | [6-K](/filings/0000950103-26-005724.md) | Report of a foreign private issuer, period 2026-04-15 | 0000950103-26-005724 | | 2026-04-15 | 07:01 ET | [20-F](/filings/0001193125-26-155933.md) | Annual report of a foreign private issuer, period 2025-12-31 | 0001193125-26-155933 | | 2026-02-11 | 06:37 ET | [6-K](/filings/0000950103-26-001940.md) | Report of a foreign private issuer, period 2026-02-11 | 0000950103-26-001940 | | 2025-11-20 | 06:17 ET | [6-K](/filings/0000950103-25-015072.md) | Report of a foreign private issuer, period 2025-11-20 | 0000950103-25-015072 | | 2025-11-20 | 06:05 ET | [6-K](/filings/0000950103-25-015069.md) | Report of a foreign private issuer, period 2025-11-20 | 0000950103-25-015069 | | 2025-08-14 | 06:07 ET | [6-K](/filings/0000950103-25-010278.md) | Report of a foreign private issuer, period 2025-08-14 | 0000950103-25-010278 | | 2025-05-15 | 06:14 ET | [6-K](/filings/0000950103-25-006036.md) | Report of a foreign private issuer, period 2025-05-15 | 0000950103-25-006036 | | 2025-04-15 | 07:15 ET | [6-K](/filings/0000950103-25-004866.md) | Report of a foreign private issuer, period 2025-04-15 | 0000950103-25-004866 | ## Latest annual report [Form 20-F for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-155933.md), filed Apr 15, 2026. ## Forecast league Not in this season’s league. [This season’s league](/leagues.md) ## About the filer - CIK: 1781753 - Tickers: DAO - Exchange: NYSE - SIC code: 8200 Services-Educational Services - State of incorporation: E9 - Filer category: Accelerated filer Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:47 ET. No prices; not investment advice.