The table below shows Youdao, Inc.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$844.98M
$770.75M
$759.05M
$726.84M
$630.17M
$485.44M
Cost of revenue
$470.78M
$394.21M
$369.26M
$351.85M
$318.07M
$262.56M
Gross profit
$374.20M
$376.54M
$389.79M
$375.00M
$312.09M
$222.88M
R&D
$73.53M
$73.98M
$104.70M
$116.54M
$95.31M
$65.07M
DAO annual revenue (10-K history)
Youdao, Inc. reported annual revenue of $844.98M for fiscal year 2025. That is up 9.6% from $770.75M in fiscal 2024. Over the 7 fiscal years shown, annual revenue grew from $187.44M (FY 2019) to $844.98M. Figures come from the company's audited annual reports as filed with the SEC.