Gaotu Techedu Inc DRC (GOTU) financial statements

· Market cap $649M

Gaotu Techedu Inc DRC reported revenue of 6.1B CNY in fiscal 2025, up 67.8% a year over 8 years.

Net income was -323M CNY and the operating margin -8.2%, against -94.7% in 2017.

Free cash flow was 247M CNY, and the company returned 343M CNY in net buybacks.

The diluted share count rose 77% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (CNY).

-50510201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in CNY, from Gaotu Techedu Inc DRC's 10-K filings with the SEC.

Fiscal year201720182019202020212022202320242025
Revenue98M CNY397M CNY2.1B CNY7.1B CNY6.6B CNY2.5B CNY3.0B CNY4.6B CNY6.1B CNY
Cost of revenue25M CNY143M CNY536M CNY1.8B CNY2.4B CNY701M CNY790M CNY1.5B CNY2.0B CNY
Gross profit73M CNY255M CNY1.6B CNY5.4B CNY4.2B CNY1.8B CNY2.2B CNY3.1B CNY4.1B CNY
Research and development52M CNY74M CNY212M CNY734M CNY1.3B CNY445M CNY462M CNY648M CNY627M CNY
Selling, general and admin113M CNY161M CNY1.2B CNY6.4B CNY5.8B CNY1.5B CNY1.9B CNY3.6B CNY4.0B CNY
Operating income-92M CNY19M CNY216M CNY-1.8B CNY-3.2B CNY-118M CNY-149M CNY-1.2B CNY-503M CNY
Pre-tax income-91M CNY21M CNY242M CNY-1.4B CNY-3.1B CNY-3M CNY13M CNY-1.0B CNY-327M CNY
Income tax-5M CNY3M CNY17M CNY-35M CNY41M CNY-16M CNY11M CNY9M CNY-4M CNY
Net income-87M CNY20M CNY227M CNY-1.4B CNY-3.1B CNY13M CNY-7M CNY-1.0B CNY-323M CNY
EPS (diluted)-1.36 CNY-0.21 CNY1.35 CNY-8.72 CNY-18.17 CNY0.07 CNY-0.04 CNY-6.12 CNY-1.98 CNY
Diluted shares92M92M139M160M171M176M174M171M163M
Gross margin74.4%64.1%74.7%75.3%63.5%71.9%73.3%68.0%67.4%
Operating margin-94.7%4.8%10.2%-24.6%-48.5%-4.7%-5.0%-26.0%-8.2%
Net margin-89.1%4.9%10.7%-19.6%-47.3%0.5%-0.2%-23.0%-5.3%

Balance sheet

Fiscal years, in CNY, from Gaotu Techedu Inc DRC's 10-K filings with the SEC.

Fiscal year201720182019202020212022202320242025
Cash and short-term investments19M CNY231M CNY1.5B CNY7.7B CNY3.5B CNY3.7B CNY2.9B CNY3.2B CNY3.3B CNY
Inventory——9M CNY48M CNY16M CNY23M CNY25M CNY36M CNY55M CNY
Total current assets—281M CNY1.8B CNY8.5B CNY3.9B CNY4.2B CNY3.6B CNY3.6B CNY4.0B CNY
Property, plant and equipment—17M CNY82M CNY704M CNY680M CNY552M CNY534M CNY670M CNY1.0B CNY
Goodwill—331,000 CNY331,000 CNY44M CNY331,000 CNY331,000 CNY331,000 CNY331,000 CNY11M CNY
Total assets—338M CNY3.4B CNY10.7B CNY5.0B CNY4.9B CNY5.4B CNY5.8B CNY6.2B CNY
Total current liabilities—356M CNY1.6B CNY4.2B CNY1.8B CNY1.6B CNY2.0B CNY3.3B CNY4.2B CNY
Long-term debt———————0 CNY32M CNY
Total liabilities—365M CNY1.8B CNY5.0B CNY2.1B CNY1.8B CNY2.3B CNY3.9B CNY4.9B CNY
Shareholders' equity-479M CNY-493M CNY1.6B CNY5.7B CNY2.9B CNY3.1B CNY3.1B CNY1.9B CNY1.3B CNY
Net debt-19M CNY-33M CNY-74M CNY-355M CNY-729M CNY-820M CNY-636M CNY-1.3B CNY-564M CNY

Cash flow

Fiscal years, in CNY, from Gaotu Techedu Inc DRC's 10-K filings with the SEC.

Fiscal year201720182019202020212022202320242025
Operating cash flow-50M CNY242M CNY1.3B CNY603M CNY-4.2B CNY55M CNY354M CNY258M CNY416M CNY
Capital spending370,000 CNY12M CNY61M CNY284M CNY272M CNY19M CNY41M CNY178M CNY169M CNY
Free cash flow-50M CNY230M CNY1.2B CNY319M CNY-4.5B CNY36M CNY313M CNY80M CNY247M CNY
Stock-based compensation6M CNY6M CNY60M CNY238M CNY321M CNY123M CNY58M CNY53M CNY39M CNY
Share buybacks (net)0 CNY0 CNY-87M CNY-283M CNY0 CNY0 CNY-90M CNY-205M CNY-343M CNY
Net borrowing——————0 CNY0 CNY29M CNY
Free cash flow margin-51.3%57.8%57.9%4.5%-67.9%1.4%10.6%1.8%4.0%
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Questions

What was Gaotu Techedu Inc DRC's revenue in 2025?

6.1B CNY in fiscal 2025, from its 10-K filing.

How much free cash flow does Gaotu Techedu Inc DRC generate?

247M CNY in fiscal 2025 (operating cash flow minus capital spending).

From Gaotu Techedu Inc DRC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.