Youdao (DAO) Debt Ratio (2018 - 2026)
Youdao's (DAO) quarterly Debt Ratio came in at 0.86 in Q2 2026, down 12.9% year-over-year from 0.99 in Q2 2025, and down 15.19% quarter-over-quarter from 1.01 in Q1 2026.
Analysis
Youdao (DAO) Debt Ratio (2018 - 2026) Analysis & Trends
Youdao (DAO) has reported Debt Ratio for 9 consecutive years, with 0.86 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Debt Ratio fell 12.9% year-over-year to 0.86 in Q2 2026; TTM through Jun 2026 was 0.86, a 12.9% decrease from a year earlier, with the FY2025 full-year figure at 0.9, down 8.74% from the prior year.
- Debt Ratio was 0.86 for Q2 2026 at Youdao, down from 1.01 in the prior quarter.
- Over five years, Debt Ratio peaked at 1.18 in Q1 2024 and troughed at 0.55 in Q1 2022.
- A 5-year average of 0.89 and a median of 0.94 in 2023 frame the typical range for Debt Ratio.
- Across the five-year window, Debt Ratio surged 94.77% in 2022 and retreated 13.69% in 2026, its largest moves.
- Over 5 years, Debt Ratio stood at 0.62 in 2022, then jumped by 47.15% to 0.91 in 2023, then climbed by 9.04% to 0.99 in 2024, then decreased by 7.44% to 0.91 in 2025, then declined by 6.08% to 0.86 in 2026.
- The last three Debt Ratio figures came in at 0.86 (Q2 2026), 1.01 (Q1 2026), and 0.91 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | - |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | 0.86 |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | - |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | 0.36 |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | 0.05 |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | 0.00 |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | 0.30 |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | 0.15 |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | 0.67 |
| 10 | Sunlands Technology | 39.07 Mn | 38.85 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.86 |
| Mar 31, 2026 | 1.01 |
| Dec 31, 2025 | 0.91 |
| Sep 30, 2025 | 1.04 |
| Jun 30, 2025 | 0.99 |
| Mar 31, 2025 | 1.17 |
| Dec 31, 2024 | 0.99 |
| Sep 30, 2024 | 1.06 |
| Jun 30, 2024 | 1.00 |
| Mar 31, 2024 | 1.18 |
| Dec 31, 2023 | 0.91 |
| Sep 30, 2023 | 0.97 |
| Jun 30, 2023 | 0.79 |
| Mar 31, 2023 | 0.86 |
| Dec 31, 2022 | 0.62 |
| Sep 30, 2022 | 0.66 |
| Jun 30, 2022 | 0.55 |
| Mar 31, 2022 | 0.55 |
| Dec 31, 2021 | 0.43 |
| Sep 30, 2021 | 0.36 |