Youdao (DAO) Operating Leases (2019 - 2026)

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.