Youdao (DAO) Research & Development (2018 - 2026)
Youdao (DAO) posted quarterly Research & Development of -$55.4 million for Q1 2026, down 12.42% year-over-year from -$63.3 million in Q1 2025, and up 11.37% quarter-over-quarter from -$62.5 million in Q4 2025.
Youdao (DAO) Research & Development (2018 - 2026) Analysis & Trends
Youdao (DAO) has reported Research & Development for 9 consecutive years, with -$55.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 12.42% year-over-year to -$55.4 million; the TTM figure through Mar 2026 stood at -$242.5 million (up 1.66% YoY), while the FY2025 annual figure was $240.9 million, down 6.12% from the prior year.
- Research & Development grew to -$55.4 million in Q1 2026 per DAO's latest filing, from -$62.5 million in the prior quarter.
- Across five years, Research & Development topped out at -$49.3 million in Q1 2025 and bottomed at -$99.8 million in Q3 2022.
- Historically, Research & Development has averaged -$71.4 million across 5 years, with a median of -$71.0 million in 2024.
- Annual changes were most pronounced in 2022 — Research & Development jumped 40.97% — and 2025, when it decreased 19.51%.
- Youdao's Research & Development stood at -$74.8 million in 2022, then advanced by 16.89% to -$62.2 million in 2023, then grew by 15.86% to -$52.3 million in 2024, then dropped by 19.51% to -$62.5 million in 2025, then rose by 11.37% to -$55.4 million in 2026.
- Business Quant data shows DAO's Research & Development at -$55.4 million in Q1 2026, -$62.5 million in Q4 2025, and -$68.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 262.52 Mn |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | -1.93 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 | 125.95 Mn |
| 10 | Youdao | 2.08 Bn | 2.00 Bn | 87.31 Mn | -55.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -55.41 Mn |
| Dec 31, 2025 | -62.51 Mn |
| Sep 30, 2025 | -68.51 Mn |
| Jun 30, 2025 | -56.09 Mn |
| Mar 31, 2025 | -49.28 Mn |
| Dec 31, 2024 | -52.31 Mn |
| Sep 30, 2024 | -74.05 Mn |
| Jun 30, 2024 | -70.97 Mn |
| Mar 31, 2024 | -63.08 Mn |
| Dec 31, 2023 | -62.17 Mn |
| Sep 30, 2023 | -92.40 Mn |
| Jun 30, 2023 | -81.04 Mn |
| Mar 31, 2023 | -82.30 Mn |
| Dec 31, 2022 | -74.81 Mn |
| Sep 30, 2022 | -99.78 Mn |
| Jun 30, 2022 | -88.98 Mn |
| Mar 31, 2022 | -79.88 Mn |
| Dec 31, 2021 | -65.97 Mn |
| Sep 30, 2021 | -100.91 Mn |
| Jun 30, 2021 | -150.74 Mn |