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Youdao, Inc., an internet technology company, provides online services in the fields of content, community, communication, and commerce in the People's Republic of China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The Learning Services segment offers digital content services, which provides interactive learning features, such as Youdao Lingshi; STEAM courses, including Youdao iCode operated by Youdao Premium Courses; and adult courses comprising China University MOOC. The Smart Devices segment develops and offers smart devices, such as Youdao Dictionary Pen, Youdao Tutoring Pen, and Youdao Smart Learning Terminal. The Online Marketing Services Segment provides performance-based advertising, and global marketing and promotion services. It also offers Youdao Dictionary, a language app; other dictionary and translation tools; and AI-based learning tools, including Hi Echo, Mr. P AI Tutor and Scholar AI by Confucius LLM. In addition, the company licenses technologies and services through Youdao Smart Cloud. It provides learning content, applications, and solutions, which cover topics and target people from age groups through its websites and mobile applications. Youdao, Inc. was founded in 2006 and is headquartered in Hangzhou, China. Youdao, Inc. operates as a subsidiary of NetEase, Inc.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Youdao Inc provides digital education services and learning products including online courses, mobile apps, AI-powered dictionary and smart learning devices; it is a NetEase spin-off. Growth may be driven by rising digital and AI-enabled learning adoption, expansion into adult and vocational segments, and ecosystem monetization. The company may appeal to investors seeking exposure to education technology and language-AI capabilities supported by a major platform.
Key risks include Chinese regulatory uncertainty for private education, strong domestic competition, execution risk in scaling non-K12 businesses, and concentration in the China market.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 113.63M | 82.39M | -538.96M | -725.93M | -919.44M |
| Minority interest | 10.30M | 6.99M | 9.08M | 18.85M | 30.70M |
| Net income | 107.35M | 83.38M | -549.86M | -739.78M | -926.09M |
| Selling general administrative | 196.96M | 187.09M | 222.00M | 229.21M | 190.30M |
| Selling and marketing expenses | 1684.32M | 1872.59M | 2268.43M | 2328.09M | 2077.64M |
| Gross profit | 2616.83M | 2787.44M | 2767.09M | 2586.42M | 1988.84M |
| Reconciled depreciation | 23.41M | 28.95M | 29.64M | 42.21M | 30.10M |
| Ebit | 221.31M | 156.51M | -469.49M | -774.68M | -886.47M |
| Ebitda | 250.26M | 185.71M | -440.06M | -680.33M | -831.02M |
| Depreciation and amortization | 28.95M | 29.20M | 29.44M | 94.35M | 55.45M |
| Operating income | 221.31M | 150.93M | -466.26M | -774.68M | -886.47M |
| Other operating expenses | 5687.71M | 5554.71M | 5854.74M | 5787.86M | 4902.26M |
| Interest expense | 61.26M | 74.13M | 69.46M | 45.61M | 31.64M |
| Tax provision | 16.59M | 6.01M | 24.48M | 13.84M | 6.65M |
| Interest income | 60.54M | 3.92M | 9.69M | 12.91M | 18.78M |
| Net interest income | -60.54M | -69.17M | -55.56M | -32.70M | -12.86M |
| Extraordinary items | - | 0.00M | 0.00M | -6.11M | -100.27M |
| Income tax expense | 16.59M | 6.09M | 11.09M | 13.84M | 6.65M |
| Total revenue | 5909.02M | 5705.64M | 5388.48M | 5013.18M | 4015.79M |
| Total operating expenses | 2395.52M | 2636.51M | 3233.35M | 3361.10M | 2875.31M |
| Cost of revenue | 3292.19M | 2918.20M | 2621.39M | 2426.77M | 2026.96M |
| Total other income expense net | -107.68M | -68.54M | -72.69M | 48.75M | -32.97M |
| Discontinued operations | - | - | - | -6.11M | -100.27M |
| Net income from continuing ops | 97.04M | 75.23M | -603.20M | -739.78M | -926.09M |
| Net income applicable to common shares | 107.35M | 82.21M | -549.93M | -727.03M | -995.65M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 1975.05M | 1814.39M | 1666.19M | 2276.16M | 2634.07M |
| Other current assets | 141.11M | 152.87M | 176.10M | 207.78M | 182.58M |
| Total liab | 3909.14M | 3903.71M | 3795.30M | 3753.43M | 3364.47M |
| Total stockholder equity | -1974.06M | -2139.96M | -2186.74M | -1535.09M | -807.07M |
| Other current liab | 1924.09M | 887.06M | 918.04M | 950.98M | 929.31M |
| Common stock | -1974.06M | 0.08M | 0.08M | 0.08M | 0.08M |
| Capital stock | 0.08M | 0.08M | 0.08M | 0.08M | 0.08M |
| Retained earnings | -176.00M | -5861.49M | -5948.58M | -5398.42M | -4671.19M |
| Other liab | - | - | - | 73.40M | 81.00M |
| Good will | 109.94M | 109.94M | 109.94M | 109.94M | 109.94M |
| Other assets | 31.24M | 30.08M | 44.98M | 35.02M | 165.99M |
| Cash | 439.73M | 592.72M | 454.54M | 783.61M | 322.78M |
| Cash and equivalents | 439.73M | 592.72M | 454.54M | 783.61M | 322.78M |
| Total current liabilities | 2934.91M | 2946.95M | 3099.29M | 3178.62M | 3033.96M |
| Current deferred revenue | - | 961.02M | 1052.62M | 1067.29M | 1065.64M |
| Net debt | 1383.70M | 1261.96M | 1142.00M | 660.37M | 883.32M |
| Short term debt | 878.00M | 916.11M | 916.84M | 878.00M | 878.00M |
| Short long term debt | 878.00M | 878.00M | 878.00M | 878.00M | 878.00M |
| Short long term debt total | 1823.43M | 1854.68M | 1596.54M | 1443.98M | 1206.10M |
| Other stockholder equity | -1974.06M | 3832.99M | 3862.31M | 3950.70M | 3913.95M |
| Property plant equipment | 91.55M | 115.22M | 159.93M | 170.52M | 198.42M |
| Total current assets | 1722.51M | 1486.77M | 1299.95M | 1869.97M | 2269.66M |
| Long term investments | 19.81M | 72.38M | 51.40M | 90.70M | 32.52M |
| Net tangible assets | - | - | - | -1645.03M | -807.07M |
| Short term investments | 298.29M | 63.06M | 72.12M | 232.43M | 504.10M |
| Net receivables | 702.60M | 503.38M | 380.12M | 413.03M | 254.53M |
| Long term debt | 926.59M | 913.00M | 630.36M | 522.35M | 255.03M |
| Inventory | 140.78M | 174.74M | 217.07M | 232.26M | 255.41M |
| Accounts payable | 132.82M | 145.15M | 159.00M | 282.35M | 161.01M |
| Accumulated other comprehensive income | - | -111.54M | -100.54M | -87.44M | -49.90M |
| Non currrent assets other | 31.24M | 30.08M | 44.98M | 35.02M | 165.99M |
| Non current assets total | 252.54M | 327.63M | 366.24M | 406.18M | 364.40M |
| Capital lease obligations | 41.27M | 63.68M | 88.18M | 43.63M | 73.07M |
| Long term debt total | 926.59M | 913.00M | 630.36M | 522.35M | 255.03M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -233.75M | -13.59M | 125.57M | 125.82M | 62.96M |
| Change to liabilities | - | - | - | 0.00M | 127.92M |
| Total cashflows from investing activities | - | -13.59M | 125.57M | - | 47.07M |
| Net borrowings | 25.15M | 273.93M | 99.29M | - | 257.52M |
| Total cash from financing activities | 45.64M | 228.51M | -18.94M | 184.65M | 1783.71M |
| Change to operating activities | - | - | - | - | 128.30M |
| Net income | 107.35M | 82.21M | -550.12M | -745.88M | -1026.35M |
| Change in cash | -599.49M | 144.56M | -329.55M | -288.06M | 463.35M |
| Begin period cash flow | 599.49M | 454.93M | 784.48M | 1072.55M | 609.20M |
| End period cash flow | 444.93M | 599.49M | 454.93M | 784.48M | 1072.55M |
| Total cash from operating activities | 55.19M | -67.91M | -438.14M | -603.12M | -1346.41M |
| Issuance of capital stock | - | - | 0.00M | 0.00M | 1498.63M |
| Depreciation | 23.41M | 28.95M | 29.64M | 42.21M | 30.10M |
| Other cashflows from investing activities | - | 42.68M | -5.05M | - | 4.38M |
| Change to inventory | 18.28M | 24.82M | 8.71M | 20.00M | -146.71M |
| Change to account receivables | 20.34M | -121.85M | 25.80M | -163.47M | 24.84M |
| Sale purchase of stock | 0.00M | -62.30M | -127.54M | -50.70M | 1526.19M |
| Other cashflows from financing activities | - | 16.88M | 9.31M | 235.35M | 285.09M |
| Change to netincome | - | - | - | - | -513.04M |
| Capital expenditures | 25.59M | 11.79M | 17.85M | 69.76M | 64.07M |
| Change in working capital | -182.98M | -231.37M | -14.77M | 70.49M | 132.19M |
| Stock based compensation | 34.69M | 22.60M | 30.80M | 70.71M | 72.20M |
| Other non cash items | -107.35M | 58.65M | 66.31M | -40.65M | -545.58M |
| Free cash flow | 29.59M | -79.70M | -456.00M | -672.88M | -1410.48M |
Sector: Consumer Defensive Industry: Education & Training Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| DAO Youdao Inc |
0.13 0.67% |
19.53 | 80.62 | - | 0.21 | 60.14 | 1.69 | 49.83 |
| EDU New Oriental Education & Technology |
-0.36 0.68% |
52.40 | 18.94 | 12.42 | 1.60 | 2.27 | 0.84 | 7.37 |
| NWOEF New Oriental Education & Technology Group Inc. |
- -% |
4.52 | 15.07 | 9.88 | 1.27 | 1.80 | 0.87 | 7.67 |
| TAL TAL Education Group |
-0.01 0.05% |
10.06 | 7.34 | 9.21 | 2.04 | 1.58 | 1.25 | 10.01 |
| LAUR Laureate Education Inc |
-0.07 0.20% |
35.54 | 16.23 | 15.31 | 2.70 | 4.44 | 3.08 | 9.75 |
Youdao, Inc., an internet technology company, provides online services in the fields of content, community, communication, and commerce in the People's Republic of China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The Learning Services segment offers digital content services, which provides interactive learning features, such as Youdao Lingshi; STEAM courses, including Youdao iCode operated by Youdao Premium Courses; and adult courses comprising China University MOOC. The Smart Devices segment develops and offers smart devices, such as Youdao Dictionary Pen, Youdao Tutoring Pen, and Youdao Smart Learning Terminal. The Online Marketing Services Segment provides performance-based advertising, and global marketing and promotion services. It also offers Youdao Dictionary, a language app; other dictionary and translation tools; and AI-based learning tools, including Hi Echo, Mr. P AI Tutor and Scholar AI by Confucius LLM. In addition, the company licenses technologies and services through Youdao Smart Cloud. It provides learning content, applications, and solutions, which cover topics and target people from age groups through its websites and mobile applications. Youdao, Inc. was founded in 2006 and is headquartered in Hangzhou, China. Youdao, Inc. operates as a subsidiary of NetEase, Inc.
| Name | Title | Year Born |
|---|---|---|
| Mr. Feng Zhou | CEO & Director | 1978 |
| Mr. Yongwei Li | VP of Fin. & Sr. Financial Controller | 1980 |
| Jeffrey Wang | Investor Relations Director | NA |
| Mr. Renlei Liu | VP of Marketing | 1982 |
| Mr. Yinghui Wu | VP | 1980 |
| Mr. Lei Jin | VP | 1978 |
| Mr. Peng Su | VP of Strategies & Capital Markets | 1980 |
| Mr. Lei Jin | President | 1978 |
| Mr. Yongwei Li | VP of Finance & Senior Financial Controller | 1981 |
| Mr. Renlei Liu | Vice President of Marketing | 1982 |
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