Youdao (DAO) Operating Expenses (2018 - 2026)
Youdao (DAO) reported Operating Expenses of -$79.0 million for Q1 2026, down 12.34% year-over-year from -$90.1 million in Q1 2025, and up 14.4% quarter-over-quarter from -$92.3 million in Q4 2025.
Youdao (DAO) Operating Expenses (2018 - 2026) Analysis & Trends
Youdao (DAO) has 9 years of Operating Expenses data on file, last reported at -$79.0 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at -$79.0 million, down 12.34% year-over-year; the trailing twelve-month figure through Mar 2026 was -$344.9 million (down 1.04% YoY), and the FY2025 annual result was $342.6 million, down 3.82% from the prior year.
- Operating Expenses climbed to -$79.0 million in Q1 2026 per DAO's latest filing, from -$92.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$70.3 million in Q1 2025 and troughed at -$137.7 million in Q3 2022.
- A 5-year average of -$101.5 million and a median of -$97.2 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses surged 31.72% in 2022, then fell 20.99% in 2025.
- A 5-year view of Operating Expenses shows it stood at -$108.7 million in 2022, then climbed by 14.19% to -$93.3 million in 2023, then advanced by 18.29% to -$76.3 million in 2024, then retreated by 20.99% to -$92.3 million in 2025, then climbed by 14.4% to -$79.0 million in 2026.
- Business Quant data shows DAO's Operating Expenses at -$79.0 million in Q1 2026, -$92.3 million in Q4 2025, and -$92.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.64 Bn | 7.60 Bn | 22.18 Mn | -27.37 Mn |
| 2 | Graham Holdings | 4.92 Bn | 3.91 Bn | 841.00 Mn | 1.18 Bn |
| 3 | Laureate Education | 4.86 Bn | 4.70 Bn | -16.39 Mn | 11.13 Mn |
| 4 | Covista | 4.36 Bn | 4.35 Bn | 276.31 Mn | 395.69 Mn |
| 5 | Stride | 4.16 Bn | 3.36 Bn | 231.57 Mn | 102.49 Mn |
| 6 | Grand Canyon Education | 3.97 Bn | 3.72 Bn | 244.77 Mn | 213.30 Mn |
| 7 | Universal Technical Institute | 2.35 Bn | 2.19 Bn | 103.97 Mn | 221.06 Mn |
| 8 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 158.62 Mn |
| 9 | Strategic Education | 1.76 Bn | 1.60 Bn | - | 154.77 Mn |
| 10 | Youdao | 164.33 Mn | 65.90 Mn | 87.31 Mn | -78.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -78.98 Mn |
| Dec 31, 2025 | -92.26 Mn |
| Sep 30, 2025 | -92.65 Mn |
| Jun 30, 2025 | -81.04 Mn |
| Mar 31, 2025 | -70.31 Mn |
| Dec 31, 2024 | -76.25 Mn |
| Sep 30, 2024 | -97.21 Mn |
| Jun 30, 2024 | -97.61 Mn |
| Mar 31, 2024 | -90.24 Mn |
| Dec 31, 2023 | -93.31 Mn |
| Sep 30, 2023 | -125.73 Mn |
| Jun 30, 2023 | -118.09 Mn |
| Mar 31, 2023 | -116.15 Mn |
| Dec 31, 2022 | -108.74 Mn |
| Sep 30, 2022 | -137.66 Mn |
| Jun 30, 2022 | -129.13 Mn |
| Mar 31, 2022 | -120.98 Mn |
| Dec 31, 2021 | -108.84 Mn |
| Sep 30, 2021 | -141.98 Mn |
| Jun 30, 2021 | -189.13 Mn |