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. Senior Vice President Peng Su has filed an initial ownership report detailing his equity awards in the company. The filing shows option awards over 250,000 and 20,000 Class A Ordinary Shares, granted at exercise prices of $3.5 and $4.5 per share, respectively, each fully vested and expiring on May 31, 2027 and January 26, 2027. It also lists a time-based restricted share unit award of 8,750 shares granted on May 30, 2025, with 3,750 shares scheduled to vest on September 1, 2026 and 5,000 shares scheduled to vest on September 1, 2027, all with no exercise price. This report records existing holdings rather than new market purchases or sales.
Youdao, Inc. director Jimmy Y. Lai filed an initial ownership report showing existing equity interests, largely in the form of American Depositary Shares. He reports 50,221 Class A Ordinary Shares held directly, plus a time-based RSU award of 14,552 units granted on May 30, 2025 that is scheduled to vest on June 1, 2026 with no exercise price.
Lai also holds vested stock options over 3,997 Class A Ordinary Shares from a January 25, 2021 grant expiring January 26, 2027 and 13,201 Class A Ordinary Shares from a January 18, 2022 grant expiring January 18, 2028, each with a stated exercise price of $4.5 per share. The filing records holdings only and does not show any new purchases or sales.
Youdao, Inc. director William Lei Ding filed a Form 3 reporting his initial beneficial ownership in the company. He indirectly owns 2,493,723 Class A ordinary shares through American Depositary Shares held by Dragon Creation Technology Limited and NetEase, Inc. He also indirectly owns 29,751,158 Class B ordinary shares held of record by NetEase, Inc.
These positions are held through layered entities and trusts where Mr. Ding is the settlor and sole director and retains investment and dispositive powers. The filing records existing indirect holdings and does not report any new purchases or sales of Youdao shares.
Orbis Investment Management Limited has reported a significant ownership position in Youdao, Inc. The firm beneficially owns 6,943,858 American Depositary Shares, representing 22.2% of the outstanding class as of 12/31/2025.
Orbis has sole power to vote and dispose of these shares and no shared voting or dispositive power. The filing notes that other persons have rights to receive dividends or sale proceeds from these securities. Orbis certifies that the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Youdao.
Youdao, Inc. reports modest growth and improved profitability for 2025 but remains financially stretched. Net revenues rose 5.0% to RMB5.9 billion, while income from operations increased 48.7% to RMB221.3 million and net income attributable to ordinary shareholders grew 30.6% to RMB107.3 million.
The company achieved its first full year of positive operating cash flow, generating RMB55.2 million and marking a sixth consecutive profitable quarter. However, total gross margin fell to 44.3% from 48.9% as online marketing margins declined, and Others, net swung to a RMB47.1 million loss mainly from a RMB25.7 million impairment. Despite improved results, Youdao still has a shareholders’ deficit and relies on substantial short- and long‑term loans and a 36‑month financial support agreement from NetEase Group to sustain operations.
Orbis Investment Management Limited filed Amendment No. 14 to Schedule 13G reporting its beneficial ownership in Youdao, Inc. (DAO). Orbis reports 7,281,408 American Depositary Shares (each representing 1 Class A ordinary share), representing 23.3% of the class as of the event date 09/30/2025.
Orbis has sole voting power over 7,281,408 ADS and sole dispositive power over the same amount, with no shared voting or dispositive power. The filing certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. Other persons have rights to receive dividends or sale proceeds related to these securities.
Youdao, Inc. (DAO) filed a Form 144 declaring a proposed sale of 8,000 ordinary shares represented by ADS through Citigroup Global Markets on 09/24/2025. The filing shows an aggregate market value of $75,040 for the shares and reports 117,000,000 shares outstanding. The securities were acquired on 09/24/2025 as service compensation from Youdao Inc., and no securities were sold in the past three months. The filer affirms no undisclosed material adverse information.
Orbis Investment Management Limited reports beneficial ownership of 7,497,430 American Depositary Shares of Youdao, representing 24.0% of the ADS class. The filing states Orbis has sole voting and sole dispositive power over those shares and that the position is held in the ordinary course of business, not to change or influence control. Orbis is identified as a Bermuda-registered investment manager and the securities are American Depositary Shares representing Class A ordinary shares.