Youdao reported total assets of $288.37M and total liabilities of $554.65M for the quarter ended Jun 2026, up 12.2% year over year. This balance sheet covers 29 quarters of results from Dec 2018 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Balance Sheet | Dec2018 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||
| Cash & EquivalentsCash & Equiv. | 76.62M | 50.49M | 65.49M | 102.59M | 100.11M | 110.18M | 84.35M | 90.73M | 46.31M | 63.13M | 36.41M | 68.91M | 60.00M | 82.52M | 46.29M | 74.86M | 57.63M | 62.00M | 45.70M | 83.80M | |||||||||
| Short-term InvestmentsInvestments (Current) | 18.26M | 78.80M | 0.97M | 3.15M | 2.98M | 32.64M | 3.13M | 2.97M | 2.97M | 9.98M | 8.62M | 8.60M | 8.95M | 8.78M | 11.35M | 10.43M | 19.94M | 42.06M | 28.26M | 40.66M | |||||||||
| Cash & Current Investments | 94.89M | 129.29M | 66.46M | 105.74M | 103.09M | 142.82M | 87.48M | 93.70M | 49.28M | 73.11M | 45.03M | 77.51M | 68.95M | 91.30M | 57.64M | 85.28M | 77.56M | 104.06M | 73.96M | 124.02M | |||||||||
| Receivables - NetNet Receivables | 38.00M | 40.38M | 45.81M | 50.15M | 46.72M | 59.02M | 37.87M | 51.81M | 47.66M | 52.17M | 50.59M | 54.09M | 59.19M | 61.42M | 57.51M | 46.00M | 53.88M | 53.75M | 47.31M | 48.97M | |||||||||
| Receivables - OtherOther Receivables | 0.59M | -330.18M | 1.58M | 2.48M | 1.04M | -0.24M | 1.11M | 1.52M | 1.79M | -2531.78M | 6.56M | 9.37M | 11.51M | 175.03M | 8.75M | 45.01M | 32.71M | 45.31M | 45.78M | 38.48M | |||||||||
| Receivables | 38.59M | -289.80M | 47.39M | 52.63M | 47.76M | 58.78M | 38.98M | 53.33M | 49.45M | -2479.61M | 57.15M | 63.47M | 70.70M | 236.45M | 66.26M | 91.01M | 86.60M | 99.06M | 93.10M | 87.14M | |||||||||
| Inventory | 41.51M | 39.95M | 33.71M | 31.70M | 23.95M | 32.66M | 31.94M | 25.20M | 24.35M | 30.15M | 26.25M | 26.93M | 25.44M | 24.33M | 21.45M | 23.21M | 20.55M | 19.85M | 16.93M | 16.81M | |||||||||
| Prepaid Assets | 31.75M | 28.56M | 31.06M | 29.59M | 29.89M | 29.21M | 25.68M | 26.67M | 31.88M | 24.40M | 27.09M | 24.34M | 23.24M | 21.49M | 23.49M | 19.71M | 23.58M | 19.61M | 21.61M | 20.80M | |||||||||
| Current Assets | 313.54M | 355.00M | 295.12M | 302.04M | 235.58M | 262.93M | 184.11M | 198.97M | 155.04M | 180.55M | 155.64M | 192.53M | 188.68M | 206.98M | 169.25M | 219.62M | 208.62M | 242.86M | 205.86M | 249.74M | |||||||||
| Non-Current Assets | |||||||||||||||||||||||||||||
| Property, Plant & Equipment (Net)PP&E (Net) | 12.42M | 12.56M | 17.18M | 16.26M | 14.74M | 12.95M | 12.40M | 11.20M | 10.60M | 9.85M | 8.78M | 8.19M | 7.57M | 6.50M | 5.88M | 6.33M | 6.90M | 6.29M | 6.07M | 5.58M | |||||||||
| Long-Term Investments | 5.09M | 4.34M | 10.53M | 9.42M | 12.75M | 13.21M | 12.06M | 8.84M | 7.14M | 6.85M | 10.66M | 10.63M | 10.08M | 9.49M | 4.44M | 3.99M | 2.79M | 3.06M | 2.21M | ||||||||||
| Goodwill | 17.20M | 17.34M | 16.41M | 15.46M | 15.46M | 16.01M | 15.16M | 15.07M | 15.27M | 15.23M | 15.13M | 15.67M | 15.31M | 15.15M | 15.35M | 15.44M | 15.50M | 15.94M | 16.20M | ||||||||||
| Goodwill & Intangibles | 17.20M | 17.34M | 16.41M | 15.46M | 15.46M | 16.01M | 15.16M | 15.07M | 15.27M | 15.23M | 15.13M | 15.67M | 15.31M | 15.15M | 15.35M | 15.44M | 15.50M | 15.94M | 16.15M | ||||||||||
| Other Non-Current Assets | 61.47M | 117.27M | 116.45M | 82.33M | 30.85M | 0.12M | 0.00M | 0.04M | 0.04M | 0.05M | 0.08M | 0.24M | 0.30M | 0.50M | 0.42M | 0.41M | 0.33M | 0.28M | 0.27M | 0.23M | |||||||||
| Non-Current Assets | 67.03M | 57.00M | 59.71M | 61.97M | 56.37M | 57.11M | 57.36M | 55.62M | 54.02M | 50.87M | 51.26M | 52.62M | 51.25M | 45.61M | 42.86M | 37.38M | 35.13M | 35.61M | 36.67M | 38.63M | |||||||||
| Assets | 380.57M | 411.99M | 354.83M | 364.01M | 291.94M | 320.04M | 241.47M | 254.58M | 209.05M | 231.41M | 206.90M | 245.14M | 239.93M | 252.59M | 212.11M | 257.00M | 243.76M | 278.47M | 242.53M | 288.37M | |||||||||
| Liabilities | |||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||
| Accounts Payables | 18.15M | 44.16M | 20.98M | 22.66M | 25.27M | 39.70M | 17.86M | 17.86M | 22.35M | 22.08M | 16.58M | 15.22M | 24.34M | 20.21M | 14.07M | 13.91M | 18.08M | 15.51M | 12.11M | 9.70M | |||||||||
| Notes Payables | 136.26M | 137.33M | 138.50M | 131.08M | 123.43M | 123.45M | 127.85M | 121.08M | 120.34M | 121.94M | 121.60M | 120.82M | 125.11M | 122.23M | 120.99M | 122.56M | 123.33M | 123.79M | 127.28M | 129.40M | |||||||||
| Payables | 154.41M | 181.49M | 159.48M | 153.75M | 148.70M | 163.15M | 145.70M | 138.94M | 142.69M | 144.03M | 138.18M | 136.04M | 149.45M | 142.44M | 135.06M | 136.48M | 141.41M | 139.30M | 139.39M | 138.61M | |||||||||
| Accumulated Expenses | 97.31M | 88.36M | 94.46M | 104.07M | 88.04M | 83.21M | 87.06M | 91.94M | 100.37M | 88.70M | 88.79M | 102.31M | 108.26M | 102.75M | 89.85M | 103.14M | 106.70M | 104.06M | 116.55M | 119.28M | |||||||||
| Other Accumulated Expenses | 0.70M | 11.59M | 11.45M | 3.18M | 1.07M | ||||||||||||||||||||||||
| Short term Debt | 802.22M | 123.45M | 121.94M | 122.23M | 123.79M | ||||||||||||||||||||||||
| Current Taxes | 3.91M | 43.39M | 4.53M | 4.32M | 7.43M | 39.75M | 9.26M | 8.03M | 9.20M | 39.26M | 7.60M | 6.53M | 7.54M | 41.04M | 7.31M | 7.23M | 7.04M | 6.14M | 12.54M | 8.42M | |||||||||
| Current Deferred Revenue | 175.80M | 166.93M | 115.07M | 168.12M | 140.09M | 150.06M | 121.18M | 167.25M | 127.69M | 146.20M | 106.52M | 142.93M | 119.65M | 133.79M | 98.01M | 119.59M | 105.50M | 119.52M | 96.69M | 123.08M | |||||||||
| Total Current Liabilities | 474.94M | 474.54M | 418.45M | 474.34M | 419.47M | 446.93M | 480.35M | 527.28M | 411.76M | 430.45M | 373.16M | 424.80M | 413.46M | 410.26M | 354.97M | 402.25M | 387.14M | 413.80M | 393.44M | 427.38M | |||||||||
| Non-Current Liabilities | |||||||||||||||||||||||||||||
| Non-Current Debt | 39.89M | 55.08M | 70.14M | 69.86M | 73.44M | 80.05M | 79.72M | 82.66M | 87.55M | 122.03M | 124.61M | 128.32M | 127.10M | 127.70M | 130.66M | 130.94M | 130.64M | 118.13M | 118.94M | ||||||||||
| Preferred Stock Liabilities | 15.97M | 12.29M | 12.45M | 10.97M | 10.26M | 9.08M | 9.26M | 8.37M | 9.35M | 5.27M | 5.41M | 5.30M | 5.69M | ||||||||||||||||
| Minority Interest | -0.20M | 12.29M | -0.47M | -0.63M | -0.83M | 9.08M | -1.09M | -1.20M | -1.40M | 5.27M | 2.85M | 2.78M | 3.05M | 7.05M | 7.10M | 6.80M | 7.39M | 5.63M | 4.97M | 5.58M | |||||||||
| Liabilities from Discontinued OperationsLiabilities from Discont. Ops | |||||||||||||||||||||||||||||
| Operating Leases | 14.68M | -7498.12M | 8.14M | 7.25M | 6.11M | -3.32M | 5.89M | 6.38M | 7.63M | -6160.21M | 6.61M | 5.82M | 4.91M | 3.56M | 2.60M | 2.05M | 1.42M | 2.66M | 3.10M | 4.04M | |||||||||
| Other Non-Current Liabilities | 1.85M | 0.38M | 0.68M | 2.10M | 2.48M | 1.24M | 1.64M | 1.66M | 2.26M | 2.27M | 2.41M | 2.32M | 2.56M | 2.53M | 2.77M | 2.67M | 2.93M | 4.06M | 3.55M | 4.30M | |||||||||
| Total Non-Current Liabilities | 16.52M | 51.69M | 63.89M | 79.49M | 78.45M | 80.82M | 7.53M | 8.04M | 92.56M | 96.67M | 131.04M | 132.75M | 135.78M | 133.20M | 133.06M | 135.38M | 135.29M | 137.36M | 124.78M | 127.28M | |||||||||
| Total Liabilities | 491.47M | 526.24M | 482.34M | 553.83M | 497.93M | 527.75M | 487.88M | 535.32M | 504.32M | 527.12M | 504.21M | 557.55M | 549.25M | 543.46M | 488.04M | 537.63M | 522.44M | 551.16M | 518.22M | 554.65M | |||||||||
| Shareholder's Equity | |||||||||||||||||||||||||||||
| Total Debt | 842.11M | 55.08M | 70.14M | 69.86M | 196.89M | 80.05M | 79.72M | 82.66M | 209.49M | 122.03M | 124.61M | 128.32M | 249.34M | 127.70M | 130.66M | 130.94M | 254.43M | 118.13M | 118.52M | ||||||||||
| Common Equity | -126.86M | -126.53M | -139.95M | -200.79M | -216.24M | -216.79M | -255.66M | -289.10M | -304.61M | -300.98M | -305.57M | -320.49M | -318.06M | -290.87M | -283.02M | -287.43M | -286.07M | -278.33M | -280.65M | -271.87M | |||||||||
| Liabilities and Shareholders Equity | 380.57M | 411.99M | 354.83M | 364.01M | 291.94M | 320.04M | 241.47M | 254.58M | 209.05M | 231.41M | 206.90M | 245.14M | 239.93M | 252.59M | 212.11M | 257.00M | 243.76M | 278.47M | 242.53M | 287.34M | |||||||||
| Treasury Shares | -0.17M | -0.70M | -0.92M | -0.78M | |||||||||||||||||||||||||
| Retained Earnings | -730.62M | -759.04M | -826.18M | -816.78M | -812.36M |