Youdao (DAO) Operating Leases (2019 - 2026)
Youdao (DAO) posted quarterly 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 reported Operating Leases for 8 consecutive years, with $3.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Leases rose 19.38% year-over-year to $3.1 million; the TTM figure through Mar 2026 stood at $3.1 million (up 19.38% YoY), while the FY2025 annual figure was $2.7 million, down 23.09% from the prior year.
- Operating Leases rose to $3.1 million in Q1 2026 per DAO's latest filing, from $2.7 million in the prior quarter.
- Across five years, Operating Leases topped out at $12.2 million in Q4 2023 and bottomed at $1.4 million in Q3 2025.
- Historically, Operating Leases has averaged $5.7 million across 5 years, with a median of $5.9 million in 2023.
- Annual changes were most pronounced in 2023 — Operating Leases climbed 24.89% — and 2025, when it sank 71.04%.
- Youdao's Operating Leases stood at $11.1 million in 2022, then rose by 9.98% to $12.2 million in 2023, then slumped by 70.94% to $3.6 million in 2024, then fell by 25.37% to $2.7 million in 2025, then gained 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn |
| 10 | Youdao | 2.08 Bn | 2.00 Bn | 87.31 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 12.25 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 |