Youdao, Inc. (DAO) Gross margin 2019–2025
Youdao, Inc. (DAO) gross margin by fiscal year — reported gross profit divided by reported revenue.
44.3%FY2025 · since FY2019: 28.4% → 44.3%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 44.3% | -4.6 pp |
| FY2024 | 48.9% | -2.5 pp |
| FY2023 | 51.4% | -0.2 pp |
| FY2022 | 51.6% | +2.1 pp |
| FY2021 | 49.5% | +3.6 pp |
| FY2020 | 45.9% | +17.5 pp |
| FY2019 | 28.4% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice