Welcome to our dedicated page for Youdao SEC filings (Ticker: DAO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Youdao, Inc. filings document a foreign private issuer whose ADSs trade on the NYSE and whose business is organized around learning services, online marketing services, and smart devices. Form 6-K reports furnish press releases on financial results, annual-report filing notices, and shareholder-meeting materials.
Annual-report filings and related current reports cover segment revenue trends, ADS per-share measures, cash resources, operating cash flow, AI-focused business strategy, and risks tied to regulatory conditions, business-plan execution, and external financing. Governance disclosures include annual general meeting notices and other foreign-issuer reporting matters.
Youdao, Inc. director Lai Jimmy Y. reported an exercise-and-sell transaction plus a new equity award. On May 28, 2026, he exercised options for 3,997 Class A ordinary shares at an exercise price of $4.50 per share and sold the same 3,997 shares at a weighted average of $11.5265 per share, leaving 50,221 Class A ordinary shares held directly after the sale.
On May 29, 2026, he also received a time-based RSU award of 11,450 shares, scheduled to vest on June 1, 2027 with no exercise price, bringing his directly held RSUs to 26,002 units.
Youdao, Inc. reported a compensation-related equity grant to Senior Vice President Wu Yinghui. Wu received 10,000 Restricted Share Units in the form of American Depositary Shares at no purchase price, increasing direct holdings to 18,750 shares after the transaction.
The RSU award is time-based, with 3,000 shares scheduled to vest on September 1, 2026, another 3,000 on September 1, 2027, and 4,000 on September 1, 2028. The award has no exercise price and remains subject to the terms and conditions of the underlying award agreement.
Youdao, Inc. Senior Vice President Peng Su received a grant of 10,000 Restricted Share Units, in the form of American Depositary Shares, as equity compensation. These are time-based RSUs with no exercise price. Following the grant, Su directly holds 18,750 shares.
The award was granted on May 29, 2026 and is scheduled to vest over three dates: 3,000 shares on September 1, 2026, 3,000 shares on September 1, 2027, and 4,000 shares on September 1, 2028, subject to the underlying award agreement’s terms and conditions.
Youdao, Inc. director Shum Heung Yeung received a grant of 11,450 Restricted Share Units in the form of American Depositary Shares. The award was granted on May 29, 2026 as a time-based equity incentive with no expiration date and no exercise price.
All 11,450 RSUs are scheduled to vest on June 1, 2027, subject to the terms and conditions of the underlying award agreement. After this grant, Shum Heung Yeung directly holds 26,002 shares reported in this filing, reflecting a compensation-related increase rather than an open-market purchase.
Youdao, Inc. reported that its president, Jin Lei, received a grant of 82,120 Restricted Share Units in the form of American Depositary Shares on May 29, 2026.
This time-based RSU award has no exercise price or expiration date and vests in three tranches: 24,636 shares on September 1, 2026, 24,636 shares on September 1, 2027, and 32,848 shares on September 1, 2028. Following this grant, Jin Lei directly holds 188,079 shares.
Youdao, Inc. reported that Vice President Li Yongwei acquired 3,420 Class A ordinary shares through the vesting of a performance-based restricted share unit (RSU) award. The award was originally granted on May 30, 2025 and vested on June 1, 2026 with no exercise price.
The RSUs vested in the form of American Depositary Shares, meaning Li received shares as part of compensation rather than buying them in the market. Following this vesting, Li directly holds 3,420 Class A ordinary shares, reflecting a routine equity compensation event.
Youdao, Inc. reported first quarter 2026 net revenues of RMB1.35 billion (US$195.4 million), up 3.8% year over year, driven by 4.2% growth in learning services and 20.9% growth in online marketing services, partially offset by a 42.6% drop in smart devices revenue.
Gross profit was RMB602.3 million with a 44.7% gross margin, slightly below 47.3% a year earlier. Income from operations declined to RMB57.5 million, with operating margin narrowing to 4.3% from 8.0%, and net income attributable to ordinary shareholders fell to RMB38.6 million from RMB76.7 million.
Cash, cash equivalents, restricted cash and short-term investments fell to RMB515.2 million from RMB743.2 million as of December 31, 2025, and operating activities used RMB93.1 million of cash. The company states its ability to continue as a going concern depends on executing its business plan and continued financial support, including substantial short- and long-term loans and an extended US$300.0 million revolving loan facility from NetEase Group.
Youdao, Inc. ownership disclosure: Orbis Investment Management Limited reports beneficial ownership of 6,738,724 American Depositary Shares, representing 21.5% of the Class A ADSs. The filing states Orbis has sole voting and sole dispositive power over these ADSs. The filing is an amendment to a Schedule 13G/A and is signed on 05/15/2026.
Youdao, Inc., an AI solutions provider specializing in learning and advertising, reported that it has 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 report is available on the company’s investor relations website and the SEC’s website. Shareholders and ADS holders can request hard copies free of charge by writing to the company’s investor relations office in Hangzhou, China.