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Youdao, Inc. (DAO): R&D Expense

Annual figures by period end, from SEC filings.

Restated years: each year's figure is from the latest filing that reports it. The company later restated the year ended 2019-12-31 (for example after a spin-off or a discontinued operation), while the year before it was last reported on the old basis. Changes across those points are marked n/c (not comparable), and growth rates are not computed across them.

514.23M CNY
Year ended 2025-12-31
-13.8%
3-year compound annual growth
+6.7%
5-year compound annual growth
803.79M CNY2017-12-31: 133.09M CNY2018-12-31: 184.02M CNY2019-12-31: 269.89M CNY2020-12-31: 372.18M CNY2021-12-31: 607.37M CNY2022-12-31: 803.79M CNY2023-12-31: 743.36M CNY2024-12-31: 540.00M CNY2025-12-31: 514.23M CNY514.23M CNY
2017-12-31 R&D Expense (CNY) 2025-12-31
Period endedR&D ExpenseChange YoYSource filing
2025-12-31514.23M CNY-4.8%2026-04-15, From 2025-01-01
2024-12-31540.00M CNY-27.4%2026-04-15, From 2024-01-01
2023-12-31743.36M CNY-7.5%2026-04-15, From 2023-01-01
2022-12-31803.79M CNY+32.3%2025-04-15, From 2022-01-01
2021-12-31607.37M CNY+63.2%2024-04-25, From 2021-01-01
2020-12-31372.18M CNY+37.9%2023-04-27, From 2020-01-01
2019-12-31269.89M CNYn/c2022-04-28, From 2019-01-01
2018-12-31184.02M CNY+38.3%2021-04-28, From 2018-01-01
2017-12-31133.09M CNYn/a2020-04-29, From 2017-01-01

R&D Expense at similar companies

Companies with the same SEC industry code (Services-Educational Services), reporting in the same currency, closest in revenue. Each shows its own latest fiscal year, so period ends differ.

CompanyYear endedR&D ExpenseChange YoY
Youdao, Inc. (DAO)2025-12-31514.23M CNY-4.8%
Gaotu Techedu Inc. (GOTU)2025-12-31626.95M CNY-3.3%
Sunlands Technology Group (STG)2025-12-3129.55M CNY+18.2%
Youlife Group Inc. (YOUL)2025-12-3116.87M CNY+68.4%
iHuman Inc. (IH)2025-12-31208.44M CNY-15.9%
Jinxin Technology Holding Co (NAMI)2025-12-3152.09M CNY+11.8%
ATA Creativity Global (AACG)2025-12-313.07M CNY-17.1%
17 Education & Technology Group Inc. (YQ)2025-12-3156.17M CNY-22.0%
Jianzhi Education Technology Group Co Ltd (JZ)2025-12-313.22M CNY-44.2%

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