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
DateValue
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