Youdao (DAO) Research & Development (2018 - 2026)

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.