Consumer Defensive · Education & Training Services
Price
$11.36
Market Cap
$1.3B
Employees
3,750
Beta
0.56
Avg Volume
84,159
CEO
Feng Zhou
Business Description
Youdao, Inc. is a Chinese internet technology company that delivers online services focused on content, community engagement, communication platforms, and e-commerce. Its operations are structured into three core divisions: Learning Services, Smart Devices, and Online Marketing Services. The company offers a wide array of learning content, software applications, and comprehensive solutions designed to meet the educational needs of various age groups and topics, accessible through its websites and mobile apps. Its diverse offerings include digital knowledge tools such as Youdao dictionaries and advanced translation utilities, alongside a range of learning services like tutoring and premium subscription content. It also provides specialized courses, including STEAM subjects, adult education, vocational training, and collaborative programs such as China University MOOC. Furthermore, Youdao develops smart hardware devices like the Youdao Dictionary Pen, Listening Pod, Smart Lamp, Pocket Translator, and Super Dictionary. For schools and enterprises, it licenses educational digitalization solutions, exemplified by the Youdao Smart Learning Terminal and Youdao Smart Cloud. The company also provides online advertising and promotional services. Its online course portfolio notably includes Youdao Premium Courses and content from NetEase Cloud Classroom, and it offers essential technical assistance to its variable interest entities. Established in 2006, Youdao, Inc. maintains its primary offices in Hangzhou, China, operating as a subsidiary of NetEase, Inc.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
129.52
Stock Price: $11.36
EPS (Diluted): 0.91
EPS (Diluted): 0.91
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
-4.22
Stock Price: $11.36
Total Equity: -$1.97B
Shares: 119,851,130
Total Equity: -$1.97B
Shares: 119,851,130
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
76.45
Market Cap: $1.34B
Total Debt: $1.80B
Cash: $439.73M
EBITDA: $200.01M
Total Debt: $1.80B
Cash: $439.73M
EBITDA: $200.01M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$9.7B
Market Cap: $1.34B
Total Debt: $1.80B
Cash: $439.73M
Total Debt: $1.80B
Cash: $439.73M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
44.3%
Gross Profit: $2.62B
Revenue: $5.91B
Revenue: $5.91B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
3.9%
Operating Income: $227.82M
Revenue: $5.91B
Revenue: $5.91B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
1.8%
Net Income: $107.35M
Revenue: $5.91B
Revenue: $5.91B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-3.5%
Net Income: $107.35M
Total Equity: -$1.97B
Total Equity: -$1.97B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-94.5%
Operating Income: $227.82M
Tax Rate: 14.6%
Equity: -$1.97B
Total Debt: $1.80B
Cash: $439.73M
Tax Rate: 14.6%
Equity: -$1.97B
Total Debt: $1.80B
Cash: $439.73M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.59
Current Assets: $1.72B
Current Liabilities: $2.93B
Current Liabilities: $2.93B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
-0.91
Short-Term Debt: $878.00M
Long-Term Debt: $926.59M
Total Debt: $1.80B
Total Equity: -$1.97B
Long-Term Debt: $926.59M
Total Debt: $1.80B
Total Equity: -$1.97B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$49.30
Revenue: $5.91B
Shares: 119,851,130
Shares: 119,851,130
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$-16.47
Total Equity: -$1.97B
Shares: 119,851,130
Shares: 119,851,130
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.00
Operating CF: $0.00
CapEx: $0.00
Shares: 119,851,130
CapEx: $0.00
Shares: 119,851,130
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $11.36
Stock Price: $11.36
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $107.35M
Net Income: $107.35M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares DAO against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 22, 2026 10:44pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4.0B | $5.0B | $5.4B | $5.6B | $5.9B |
| Cost of Revenue | $2.0B | $2.4B | $2.6B | $2.9B | $3.3B |
| Gross Profit | $2.0B | $2.6B | $2.8B | $2.7B | $2.6B |
| Operating Expenses | $2.8B | $3.3B | $3.2B | $2.6B | $2.4B |
| Operating Income | -$849.6M | -$687.2M | -$433.5M | $160.9M | $227.8M |
| Net Income | -$995.7M | -$727.0M | -$549.9M | $82.2M | $107.3M |
| EBITDA | -$857.7M | -$638.1M | -$439.9M | $183.3M | $200.0M |
| EPS | $-7.36 | $-6.55 | $-4.53 | $0.70 | $0.91 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 22, 2026 10:44pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $322.8M | $783.6M | $454.5M | $592.7M | $439.7M |
| Total Current Assets | $2.3B | $1.9B | $1.3B | $1.5B | $1.7B |
| Total Assets | $2.6B | $2.3B | $1.7B | $1.8B | $2.0B |
| Current Liabilities | $3.0B | $3.2B | $3.1B | $2.9B | $2.9B |
| Long-Term Debt | $255.0M | $522.3M | $630.4M | $913.0M | $926.6M |
| Total Liabilities | $3.4B | $3.8B | $3.8B | $3.9B | $3.9B |
| Total Equity | -$807.1M | -$1.5B | -$2.2B | -$2.1B | -$2.0B |
| Retained Earnings | -$4.7B | -$5.4B | -$5.9B | -$5.9B | $0 |
Cash Flow (Annual)
Last updated: Jun 22, 2026 10:44pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$1.3B | -$603.1M | -$438.1M | -$67.9M | $0 |
| Capital Expenditure | -$64.1M | -$69.8M | -$17.9M | -$11.8M | $0 |
| Free Cash Flow | -$1.4B | -$672.9M | -$456.0M | -$79.7M | $0 |
| Acquisitions (net) | $41.7M | $0 | -$4.2M | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$50.7M | -$127.5M | -$62.3M | $0 |
| Net Change in Cash | $463.3M | -$288.1M | -$329.6M | $144.6M | -$599.5M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 1:19pm (19h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$5.9B $5.8B – $5.9B
|
$6.6B $6.5B – $6.6B
|
$7.5B $7.4B – $7.7B
|
$8.5B $8.4B – $8.6B
|
| EBITDA |
$1.7B $1.7B – $1.7B
|
$1.9B $1.9B – $1.9B
|
$2.2B $2.1B – $2.2B
|
$2.4B $2.4B – $2.5B
|
| Net Income |
$108.1M $106.2M – $110.1M
|
$179.1M $158.8M – $199.5M
|
$301.7M $233.9M – $369.5M
|
$424.0M $308.5M – $539.5M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 22, 2026 10:44pm (4d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +24.8% | +7.5% | +4.4% | +5.0% |
| Gross Profit Growth | +30.0% | +7.0% | -0.7% | -4.8% |
| Operating Income Growth | +19.1% | +36.9% | +137.1% | +41.6% |
| Net Income Growth | +27.0% | +24.4% | +114.9% | +30.6% |
| EBITDA Growth | +25.6% | +31.1% | +141.7% | +9.1% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 4:57am (4h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-28 | Lai Jimmy Y. | M-Exempt | 3,997.00 | $4.50 | $17,987 |
| 2026-05-28 | Lai Jimmy Y. | S-Sale | 3,997.00 | $0.00 | $0 |
| 2026-05-29 | Lai Jimmy Y. | A-Award | 11,450.00 | $0.00 | $0 |
| 2026-05-28 | Lai Jimmy Y. | M-Exempt | 3,997.00 | $0.00 | $0 |
| 2026-05-29 | Wu Yinghui | A-Award | 10,000.00 | $0.00 | $0 |
| 2026-05-29 | Peng Su | A-Award | 10,000.00 | $0.00 | $0 |
| 2026-05-29 | Shum Heung Yeung | A-Award | 11,450.00 | $0.00 | $0 |
| 2026-05-29 | Jin Lei | A-Award | 82,120.00 | $0.00 | $0 |
| 2026-06-01 | Li Yongwei | A-Award | 3,420.00 | $0.00 | $0 |
| 2026-03-18 | Jin Lei | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Shum Heung Yeung | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Shum Heung Yeung | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Shum Heung Yeung | 13,201.00 | $0.00 | $0 | |
| 2026-03-18 | Jin Lei | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Jin Lei | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Jin Lei | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Jin Lei | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Jin Lei | 20,000.00 | $0.00 | $0 | |
| 2026-03-18 | Li Yongwei | 6,300.00 | $0.00 | $0 | |
| 2026-03-18 | Peng Su | 0.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for DAO — it's generated by the pipeline (
market-narrative step).
No community reviews yet for DAO.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30