Youdao (DAO) Operating Leases (2019 - 2026)

Youdao (DAO) reported Operating Leases of $3.1 million for Q1 2026, up 19.38% year-over-year from $2.6 million in Q1 2025, and up 16.63% quarter-over-quarter from $2.7 million in Q4 2025.

Youdao (DAO) Operating Leases (2019 - 2026) Analysis & Trends

Youdao (DAO) has 8 years of Operating Leases data on file, last reported at $3.1 million in Q1 2026.

  • Operating Leases for Q1 2026 came in at $3.1 million, up 19.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.1 million (up 19.38% YoY), and the FY2025 annual result was $2.7 million, down 23.09% from the prior year.
  • Operating Leases advanced to $3.1 million in Q1 2026 per DAO's latest filing, from $2.7 million in the prior quarter.
  • Over five years, Operating Leases peaked at $11.1 million in Q4 2022 and troughed at $1.4 million in Q3 2025.
  • A 5-year average of $5.4 million and a median of $5.9 million in 2023 frame the typical range for Operating Leases.
  • The sharpest annual moves came in 2023 and 2025: Operating Leases climbed 24.89% in 2023, then sank 71.04% in 2025.
  • A 5-year view of Operating Leases shows it stood at $11.1 million in 2022, then plunged by 38.46% to $6.9 million in 2023, then plunged by 48.06% to $3.6 million in 2024, then declined by 25.37% to $2.7 million in 2025, then rose by 16.63% to $3.1 million in 2026.
  • Business Quant data shows DAO's Operating Leases at $3.1 million in Q1 2026, $2.7 million in Q4 2025, and $1.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 51Talk Online Education 7.49 Bn 7.45 Bn 22.18 Mn
2 Laureate Education 5.02 Bn 4.86 Bn -16.39 Mn
3 Graham Holdings 4.93 Bn 3.93 Bn 841.00 Mn
4 Covista 4.32 Bn 4.32 Bn 276.31 Mn
5 Stride 4.17 Bn 3.36 Bn 231.57 Mn
6 Grand Canyon Education 4.00 Bn 3.75 Bn 244.77 Mn
7 Universal Technical Institute 2.15 Bn 1.99 Bn 103.97 Mn
8 Perdoceo Education 2.15 Bn 1.47 Bn 174.68 Mn
9 Strategic Education 1.74 Bn 1.59 Bn -
10 Youdao 164.33 Mn 65.90 Mn 87.31 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 3.10 Mn
Dec 31, 2025 2.66 Mn
Sep 30, 2025 1.42 Mn
Jun 30, 2025 2.05 Mn
Mar 31, 2025 2.60 Mn
Dec 31, 2024 3.56 Mn
Sep 30, 2024 4.91 Mn
Jun 30, 2024 5.82 Mn
Mar 31, 2024 6.61 Mn
Dec 31, 2023 6.85 Mn
Sep 30, 2023 7.63 Mn
Jun 30, 2023 6.38 Mn
Mar 31, 2023 5.89 Mn
Dec 31, 2022 11.14 Mn
Sep 30, 2022 6.11 Mn
Jun 30, 2022 7.25 Mn
Mar 31, 2022 8.14 Mn
Dec 31, 2021 18.73 Mn
Sep 30, 2021 14.68 Mn
Jun 30, 2021 14.49 Mn