Youdao (DAO) Operating Expenses (2018 - 2026)

Youdao (DAO) has reported Operating Expenses for 9 consecutive years, with -$79.0 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Expenses fell 12.34% year-over-year to -$79.0 million; the TTM figure through Mar 2026 stood at -$344.9 million (down 1.04% YoY), while the FY2025 annual figure was $342.6 million, down 3.82% from the prior year.
• Operating Expenses grew to -$79.0 million in Q1 2026 per DAO's latest filing, from -$92.3 million in the prior quarter.
• Across five years, Operating Expenses topped out at -$70.3 million in Q1 2025 and bottomed at -$137.7 million in Q3 2022.
• Historically, Operating Expenses has averaged -$101.5 million across 5 years, with a median of -$97.2 million in 2024.
• Annual changes were most pronounced in 2022 — Operating Expenses surged 31.72% — and 2025, when it fell 20.99%.
• Youdao's Operating Expenses stood at -$108.7 million in 2022, then grew by 14.19% to -$93.3 million in 2023, then climbed by 18.29% to -$76.3 million in 2024, then decreased by 20.99% to -$92.3 million in 2025, then grew 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.