Youdao (DAO) Invested Capital (2021 - 2025)

Youdao (DAO) has reported Invested Capital for 8 consecutive years, with $123.8 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Invested Capital rose 1.28% year-over-year to $123.8 million; the TTM figure through Mar 2026 stood at $123.8 million (up 1.28% YoY), while the FY2025 annual figure was $125.6 million, up 4.38% from the prior year.
• Invested Capital climbed to $123.8 million in Q4 2025 per DAO's latest filing, from $122.2 million in the prior quarter.
• Across five years, Invested Capital topped out at $137.3 million in Q4 2021 and bottomed at $121.9 million in Q4 2023.
• Historically, Invested Capital has averaged $125.7 million across 5 years, with a median of $123.5 million in 2022.
• Annual changes were most pronounced in 2021 — Invested Capital gained 3.66% — and 2022, when it fell 10.11%.
• Youdao's Invested Capital stood at $137.3 million in 2021, then decreased by 10.11% to $123.5 million in 2022, then fell by 1.22% to $121.9 million in 2023, then grew by 0.24% to $122.2 million in 2024, then rose by 1.28% to $123.8 million in 2025.
• Business Quant data shows DAO's Invested Capital at $123.8 million in Q4 2025, $122.2 million in Q4 2024, and $121.9 million in Q4 2023.