# Youdao, Inc.: Form 20-F for the period ended Dec 31, 2022

- Company: [Youdao, Inc.](/companies/dao.md) (CIK 1781753)
- Form: 20-F
- Filed: 2023-04-27
- Accepted by EDGAR: Apr 27, 2023, 06:41 ET
- Period: 2022-12-31
- Accession: 0001193125-23-119945
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1781753/000119312523119945/d424935d20f.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1781753/000119312523119945/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2022-12-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 12 months, 2022-01-01 to 2022-12-31 | $726.8m | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Cost of revenue | 12 months, 2022-01-01 to 2022-12-31 | $351.8m | us-gaap:CostOfRevenue |
| Gross profit | 12 months, 2022-01-01 to 2022-12-31 | $375.0m | us-gaap:GrossProfit |
| Research and development | 12 months, 2022-01-01 to 2022-12-31 | $116.5m | us-gaap:ResearchAndDevelopmentExpense |
| Operating income | 12 months, 2022-01-01 to 2022-12-31 | −$112.3m | us-gaap:OperatingIncomeLoss |
| Interest expense | 12 months, 2022-01-01 to 2022-12-31 | $6.6m | us-gaap:InterestExpense |
| Income tax | 12 months, 2022-01-01 to 2022-12-31 | $2.0m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 12 months, 2022-01-01 to 2022-12-31 | −$108.1m | us-gaap:ProfitLoss |
| Diluted EPS | 12 months, 2022-01-01 to 2022-12-31 | −$0.85 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 12 months, 2022-01-01 to 2022-12-31 | −$0.85 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 12 months, 2022-01-01 to 2022-12-31 | 123,597,604 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 12 months, 2022-01-01 to 2022-12-31 | −$87.4m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 12 months, 2022-01-01 to 2022-12-31 | $10.0m | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Share repurchases | 12 months, 2022-01-01 to 2022-12-31 | $7.4m | us-gaap:PaymentsForRepurchaseOfCommonStock |
| Cash and equivalents | at 2022-12-31 | $113.6m | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Current assets | at 2022-12-31 | $271.1m | us-gaap:AssetsCurrent |
| Total assets | at 2022-12-31 | $330.0m | us-gaap:Assets |
| Current liabilities | at 2022-12-31 | $460.9m | us-gaap:LiabilitiesCurrent |
| Total liabilities | at 2022-12-31 | $544.2m | us-gaap:Liabilities |
| Shareholders' equity | at 2022-12-31 | −$223.5m | us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |

## Sections

Sections are extracted only from 10-K and 10-Q reports. Read this filing’s documents on sec.gov. https://www.sec.gov/Archives/edgar/data/1781753/000119312523119945/d424935d20f.htm

Filed Apr 27, 2023.
Source: SEC EDGAR, the filing index for accession 0001193125-23-119945. Last ingested by Listed: Oct 24, 2026, 15:15 ET. No prices; not investment advice.