Youdao Filed 2025 Annual Report on Form 20-F

Youdao (NYSE: DAO) announced it filed its 2025 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission for the year ended December 31, 2025.

Rhea-AI Summary

Youdao (NYSE: DAO) announced it filed its 2025 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission for the year ended December 31, 2025.

According to the company, the annual report is available on the company's investor relations website and the SEC website, and hard copies are available free upon written request to Investor Relations in Hangzhou.

Argus Apr 15 session

-1.22% close to close Open Argus

Details

News Market Reaction – DAO

In the Apr 15 session, DAO declined 1.22%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms Youdao’s 2025 annual report on Form 20-F has been filed with the SEC, for...

Analysis

This announcement confirms Youdao’s 2025 annual report on Form 20-F has been filed with the SEC, formalizing previously disclosed financials and risk factors. The accompanying 20-F details heavy reliance on PRC VIE entities and associated legal and cash‑transfer constraints, along with potential impacts from U.S. oversight such as the Holding Foreign Companies Accountable Act. Investors may focus on how these structural and regulatory disclosures frame DAO’s longer‑term risk profile and governance environment.

Key Figures

VIE revenue 2023: 77.0% VIE revenue 2024: 73.4% VIE revenue 2025: 66.9% +2 more

VIE revenue 2023

77.0%

Share of total net revenues generated by VIEs in 2023

VIE revenue 2024

73.4%

Share of total net revenues generated by VIEs in 2024

VIE revenue 2025

66.9%

Share of total net revenues generated by VIEs in 2025

VIE assets 2024

48.8%

Share of consolidated total assets from VIEs as of Dec 31, 2024

VIE assets 2025

53.6%

Share of consolidated total assets from VIEs as of Dec 31, 2025

Historical Context

5 past events · Latest: Feb 11

5 events

1. Feb 11

   Q4/FY25 earnings

   24h Move

   -3.6%

   Reported FY25 revenue growth and sustained operating profitability despite margin compression.

2. Feb 11

   NetEase earnings

   24h Move

   -3.6%

   Strong NetEase FY25 revenues, profits, dividend and large repurchase authorization.

3. Jan 28

   Earnings date notice

   24h Move

   -4.7%

   Announced timing of Q4 and FY25 results and related earnings call.

4. Jan 28

   NetEase earnings date

   24h Move

   -4.7%

   Set schedule for NetEase Q4 and FY25 financial results and webcast.

5. Dec 26

   Management change

   24h Move

   -1.8%

   Announced retirement of NetEase EVP with continued consulting role in 2026.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

form 20-f, securities and exchange commission

2 terms

form 20-f regulatory

"announced that the Company had filed its annual report on Form 20-F for the full year"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

securities and exchange commission regulatory

"for the full year ended December 31, 2025 with the U.S. Securities and Exchange Commission."

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HANGZHOU, China, April 15, 2026 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an AI solutions provider specializing in learning and advertising, today announced that the Company had filed its annual report on Form 20-F for the full year ended December 31, 2025 with the U.S. Securities and Exchange Commission.

The annual report is available on the Company's investor relations website at ir.youdao.com and on the SEC's website at www.sec.gov. The Company will provide hard copies of the annual report, free of charge, to its shareholders and ADS holders upon written request. Requests should be directed to Investor Relations, Youdao, Inc., No. 399 Wangshang Road, Binjiang District, Hangzhou 310051, People's Republic of China.

About Youdao, Inc.

Youdao, Inc. (NYSE: DAO) is strategically positioned as an AI solutions provider specializing in learning and advertising. Youdao mainly offers learning services, online marketing services and smart devices – all powered by advanced technologies. Youdao was founded in 2006 as part of NetEase, Inc. (NASDAQ: NTES; HKEX: 9999), a leading internet technology company in China.

For more information, please visit: http://ir.youdao.com.

For investor and media inquiries, please contact: 

In China:
Jeffrey Wang
Youdao, Inc.
Tel: +86-10-8255-8163 ext. 89980
E-mail: IR@rd.netease.com 

Piacente Financial Communications
Helen Wu
Tel: +86-10-6508-0677
E-mail: youdao@thepiacentegroup.com 

In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: youdao@thepiacentegroup.com

View original content:https://www.prnewswire.com/news-releases/youdao-filed-2025-annual-report-on-form-20-f-302743091.html

SOURCE Youdao, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When did Youdao (DAO) file its 2025 Form 20-F?

Youdao filed its 2025 Form 20-F on April 15, 2026, covering the year ended December 31, 2025. According to the company, the filing is available on the SEC website and the company's investor relations site for investor review and recordkeeping.

Where can investors access Youdao's 2025 Form 20-F for DAO?

Investors can access the 2025 Form 20-F on the SEC website and the company's investor relations site. According to the company, the report is posted at ir.youdao.com and at www.sec.gov for download and review by shareholders and ADS holders.

How can Youdao (DAO) shareholders request a hard copy of the 2025 annual report?

Shareholders may request a free hard copy by written request to Youdao's Investor Relations in Hangzhou. According to the company, requests should be sent to Investor Relations, No. 399 Wangshang Road, Binjiang District, Hangzhou 310051, China.

Does the Youdao (DAO) 20-F filing cover which fiscal year?

The Youdao 20-F filing covers the full fiscal year ended December 31, 2025. According to the company, the annual report summarizes corporate and financial disclosures for the 2025 fiscal year and is filed with the U.S. SEC.

Will the Youdao (DAO) 2025 Form 20-F be available to ADS holders?

Yes, the 2025 Form 20-F is available to ADS holders on the SEC site and investor relations site. According to the company, ADS holders may also request free hard copies by written request to Investor Relations in Hangzhou.