# Youdao, Inc.: Form 20-F for the period ended Dec 31, 2024

- Company: [Youdao, Inc.](/companies/dao.md) (CIK 1781753)
- Form: 20-F
- Filed: 2025-04-15
- Accepted by EDGAR: Apr 15, 2025, 06:15 ET
- Period: 2024-12-31
- Accession: 0001193125-25-080651
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1781753/000119312525080651/d758034d20f.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1781753/000119312525080651/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2024-12-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 12 months, 2024-01-01 to 2024-12-31 | $770.7m | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Cost of revenue | 12 months, 2024-01-01 to 2024-12-31 | $394.2m | us-gaap:CostOfRevenue |
| Gross profit | 12 months, 2024-01-01 to 2024-12-31 | $376.5m | us-gaap:GrossProfit |
| Research and development | 12 months, 2024-01-01 to 2024-12-31 | $74.0m | us-gaap:ResearchAndDevelopmentExpense |
| Operating income | 12 months, 2024-01-01 to 2024-12-31 | $20.4m | us-gaap:OperatingIncomeLoss |
| Interest expense | 12 months, 2024-01-01 to 2024-12-31 | $10.0m | us-gaap:InterestExpense |
| Income tax | 12 months, 2024-01-01 to 2024-12-31 | $823.0k | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 12 months, 2024-01-01 to 2024-12-31 | $10.3m | us-gaap:ProfitLoss |
| Diluted EPS | 12 months, 2024-01-01 to 2024-12-31 | $0.10 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 12 months, 2024-01-01 to 2024-12-31 | $0.10 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 12 months, 2024-01-01 to 2024-12-31 | 118,173,469 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 12 months, 2024-01-01 to 2024-12-31 | −$9.3m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 12 months, 2024-01-01 to 2024-12-31 | $1.6m | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Share repurchases | 12 months, 2024-01-01 to 2024-12-31 | $8.5m | us-gaap:PaymentsForRepurchaseOfCommonStock |
| Cash and equivalents | at 2024-12-31 | $81.2m | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Current assets | at 2024-12-31 | $203.7m | us-gaap:AssetsCurrent |
| Total assets | at 2024-12-31 | $248.6m | us-gaap:Assets |
| Current liabilities | at 2024-12-31 | $403.7m | us-gaap:LiabilitiesCurrent |
| Total liabilities | at 2024-12-31 | $534.8m | us-gaap:Liabilities |
| Shareholders' equity | at 2024-12-31 | −$286.2m | 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/1781753/000119312525080651/d758034d20f.htm

Filed Apr 15, 2025.
Source: SEC EDGAR, the filing index for accession 0001193125-25-080651. Last ingested by Listed: Oct 24, 2026, 15:15 ET. No prices; not investment advice.