Youdao (DAO) Cost of Revenue (2018 - 2026)

Youdao (DAO) has reported Cost of Revenue for 9 consecutive years, with $108.1 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 14.69% year-over-year to $108.1 million; the TTM figure through Mar 2026 stood at $475.9 million (up 20.23% YoY), while the FY2025 annual figure was $470.8 million, up 19.42% from the prior year.
• Cost of Revenue eased to $108.1 million in Q1 2026 per DAO's latest filing, from $122.9 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $132.1 million in Q3 2025 and bottomed at $81.6 million in Q2 2022.
• Historically, Cost of Revenue has averaged $99.8 million across 5 years, with a median of $95.8 million in 2024.
• Annual changes were most pronounced in 2022 — Cost of Revenue declined 14.57% — and 2025, when it increased 28.31%.
• Youdao's Cost of Revenue stood at $98.5 million in 2022, then grew by 6.07% to $104.5 million in 2023, then slipped by 8.33% to $95.8 million in 2024, then climbed by 28.31% to $122.9 million in 2025, then fell by 12.02% to $108.1 million in 2026.
• Business Quant data shows DAO's Cost of Revenue at $108.1 million in Q1 2026, $122.9 million in Q4 2025, and $132.1 million in Q3 2025.