Growth Metrics

Youdao (DAO) Cost of Revenue (2018 - 2025)

Youdao has reported Cost of Revenue over the past 8 years, most recently at $122.9 million for Q4 2025.

  • Quarterly Cost of Revenue rose 28.31% to $122.9 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $462.1 million through Dec 2025, up 15.53% year-over-year, with the annual reading at $470.8 million for FY2025, 83.51% up from the prior year.
  • Cost of Revenue was $122.9 million for Q4 2025 at Youdao, down from $132.1 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $132.1 million in Q3 2025 and troughed at $81.6 million in Q2 2022.
  • The 5-year median for Cost of Revenue is $94.5 million (2021), against an average of $98.0 million.
  • Year-over-year, Cost of Revenue surged 102.39% in 2021 and then decreased 14.57% in 2022.
  • A 5-year view of Cost of Revenue shows it stood at $94.7 million in 2021, then grew by 4.0% to $98.5 million in 2022, then rose by 6.07% to $104.5 million in 2023, then decreased by 8.33% to $95.8 million in 2024, then increased by 28.31% to $122.9 million in 2025.
  • Per Business Quant, the three most recent readings for DAO's Cost of Revenue are $122.9 million (Q4 2025), $132.1 million (Q3 2025), and $112.8 million (Q2 2025).