Gaotu Techedu Inc. (GOTU) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q4'21 | Q4'20 | Q4'19 | Q1'19 | Q1'18 |
|---|
| Sales/Revenue | 1.69B | 1.58B | 1.39B | 1.49B | 1.39B | 1.21B | 1.01B | 946.88M | 761.01M | 789.41M | 703.09M | 707.29M | 629.63M | 606.17M | 1.27B | 2.21B | 935.03M | 269.15M | 46.91M |
| Revenue Growth % | 21.37% | 30.69% | 37.59% | 57.68% | 82.47% | 53.06% | 43.62% | 33.87% | 20.87% | 30.23% | - | - | -50.59% | - | -42.37% | 136.47% | - | 473.76% | - |
| Cost of Goods Sold | 540.86M | 535.53M | 472.84M | 452.46M | 440.28M | 429.79M | 313.43M | 271.41M | 227.72M | 218.13M | 184.38M | 159.98M | 159.3M | 168.8M | 386.65M | 616.36M | 195.99M | 82.05M | 20.69M |
| COGS % of Revenue | 32.09% | 33.92% | 34.03% | 30.3% | 31.71% | 35.57% | 31.04% | 28.66% | 29.92% | 27.63% | 26.22% | 22.62% | 25.3% | 27.85% | 30.34% | 27.88% | 20.96% | 30.48% | 44.1% |
| Gross Profit | 1.14B | 1.04B | 916.55M | 1.04B | 948.34M | 778.46M | 696.36M | 675.47M | 533.29M | 571.29M | 518.71M | 547.31M | 470.33M | 437.37M | 887.62M | 1.59B | 739.04M | 187.11M | 26.22M |
| Gross Margin % | 67.91% | 66.08% | 65.97% | 69.7% | 68.29% | 64.43% | 68.96% | 71.34% | 70.08% | 72.37% | 73.78% | 77.38% | 74.7% | 72.15% | 69.66% | 72.12% | 79.04% | 69.52% | 55.9% |
| Gross Profit Growth % | 20.68% | 34.05% | 31.62% | 54.05% | 77.83% | 36.26% | 34.25% | 23.42% | 13.39% | 30.62% | - | - | -47.01% | - | -44.34% | 115.78% | - | 613.53% | - |
| Operating Expenses | 1.26B | 1.22B | 1.16B | 1.01B | 1.1B | 1.27B | 1.16B | 753.17M | 721.21M | 670.83M | 475.4M | 452.17M | 483.58M | 506.93M | 629.3M | 2.29B | 571.44M | 144.38M | 30.38M |
| OpEx % of Revenue | 74.91% | 77.36% | 83.38% | 67.37% | 79.04% | 104.99% | 114.98% | 79.54% | 94.77% | 84.98% | 67.62% | 63.93% | 76.8% | 83.63% | 49.39% | 103.61% | 61.12% | 53.64% | 64.77% |
| Selling, General & Admin | 1.1B | 1.06B | 1.01B | 855.35M | 952.57M | 1.08B | 999.01M | 601.57M | 585.16M | 540.21M | 377M | 355.19M | 372.18M | 400.4M | 468.95M | 2.02B | 487.94M | 113.94M | 18.46M |
| SG&A % of Revenue | 65.1% | 67.04% | 72.71% | 57.29% | 68.6% | 89.32% | 98.93% | 63.53% | 76.89% | 68.43% | 53.62% | 50.22% | 59.11% | 66.05% | 36.8% | 91.18% | 52.19% | 42.33% | 39.35% |
| Research & Development | 165.38M | 162.91M | 148.19M | 150.46M | 145.05M | 189.31M | 162.1M | 151.61M | 136.05M | 130.62M | 98.4M | 96.98M | 111.4M | 106.54M | 124.98M | 274.73M | 83.5M | 30.44M | 11.92M |
| R&D % of Revenue | 9.81% | 10.32% | 10.67% | 10.08% | 10.45% | 15.67% | 16.05% | 16.01% | 17.88% | 16.55% | 14% | 13.71% | 17.69% | 17.58% | 9.81% | 12.43% | 8.93% | 11.31% | 25.42% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 |
| Operating Income | -118.05M | -178.03M | -241.87M | 34.77M | -149.27M | -490.11M | -464.75M | -77.7M | -187.91M | -99.54M | 43.31M | 95.14M | -13.25M | -69.56M | 258.32M | -696.08M | 167.6M | 42.73M | -4.16M |
| Operating Margin % | -7% | -11.27% | -17.41% | 2.33% | -10.75% | -40.56% | -46.02% | -8.21% | -24.69% | -12.61% | 6.16% | 13.45% | -2.1% | -11.48% | 20.27% | -31.48% | 17.92% | 15.87% | -8.87% |
| Operating Income Growth % | 20.92% | 63.68% | 47.96% | 144.75% | 20.56% | -392.37% | -1173.05% | -181.67% | -1318.44% | -43.09% | - | - | -105.13% | - | 137.11% | -515.33% | - | 1127.09% | - |
| EBITDA | -5.2M | -148.48M | -217.13M | 123.43M | -135.88M | -464.48M | -431.19M | -8.78M | -131.27M | -57.01M | 60.41M | 131.22M | 36.05M | -60.92M | 293.69M | -652.05M | 178.08M | 44.3M | -3.03M |
| EBITDA Margin % | -0.31% | -9.4% | -15.63% | 8.27% | -9.79% | -38.44% | -42.7% | -0.93% | -17.25% | -7.22% | 8.59% | 18.55% | 5.73% | -10.05% | 23.05% | -29.49% | 19.05% | 16.46% | -6.46% |
| EBITDA Growth % | 96.17% | 68.03% | 49.64% | 1505.83% | -3.51% | -714.78% | -813.75% | -106.69% | -464.1% | 6.43% | - | - | -87.72% | - | 145.04% | -466.16% | - | 1562.05% | - |
| D&A (Non-Cash Add-back) | 112.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44.03M | 10.48M | 1.57M | 1.13M |
| EBIT | -85.24M | -148.48M | -217.13M | 123.43M | -135.88M | -464.48M | -431.19M | -8.78M | -131.27M | -57.01M | 60.41M | 131.22M | 36.05M | -60.92M | 293.69M | -696.08M | 167.6M | 42.73M | -4.16M |
| Net Interest Income | 8.25M | 8.53M | 9.94M | 13.04M | 14.78M | 15.66M | 21.27M | 18.67M | 18.6M | 24.15M | 19.78M | 13.29M | 7.6M | 4.33M | 4.3M | 1.27M | 1.94M | 1.06M | 88K |
| Interest Income | 8.25M | 8.53M | 9.94M | 13.04M | 14.78M | 15.66M | 21.27M | 18.67M | 18.6M | 24.15M | 19.78M | 13.29M | 7.6M | 4.33M | 4.3M | 1.27M | 1.94M | 1.06M | 88K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 32.81M | 29.54M | 24.74M | 88.66M | 13.4M | 25.63M | 33.56M | 68.92M | 56.65M | 42.53M | 17.1M | 36.08M | 49.3M | 8.64M | 27.09M | 74.52M | 14.74M | 1.18M | 68K |
| Pretax Income | -85.24M | -148.48M | -217.13M | 123.43M | -135.88M | -464.48M | -431.19M | -8.78M | -131.27M | -57.01M | 60.41M | 131.22M | 36.05M | -60.92M | 285.41M | -621.56M | 182.33M | 43.91M | -4.09M |
| Pretax Margin % | -5.06% | -9.4% | -15.63% | 8.27% | -9.79% | -38.44% | -42.7% | -0.93% | -17.25% | -7.22% | 8.59% | 18.55% | 5.73% | -10.05% | 22.4% | -28.11% | 19.5% | 16.31% | -8.72% |
| Income Tax | -1.06M | -1.36M | -1.13M | -559K | -42K | 6.79M | -1.64M | 3.52M | -11.62M | 656K | 4.25M | 17.37M | -34.56M | 426K | -449K | 5.47M | 7.87M | 10.02M | -489K |
| Effective Tax Rate % | 1.24% | 0.92% | 0.52% | -0.45% | 0.03% | -1.46% | 0.38% | -40.06% | 8.85% | -1.15% | 7.04% | 13.24% | -95.86% | -0.7% | -0.16% | -0.88% | 4.32% | 22.82% | 11.95% |
| Net Income | -84.18M | -147.12M | -215.99M | 123.99M | -135.83M | -471.27M | -429.55M | -12.3M | -119.65M | -57.66M | 56.16M | 113.85M | 70.61M | -61.35M | 285.86M | -627.03M | 174.46M | 33.89M | -3.6M |
| Net Margin % | -5% | -9.32% | -15.55% | 8.3% | -9.78% | -39% | -42.54% | -1.3% | -15.72% | -7.3% | 7.99% | 16.1% | 11.21% | -10.12% | 22.43% | -28.36% | 18.66% | 12.59% | -7.68% |
| Net Income Growth % | 38.03% | 68.78% | 49.72% | 1108.3% | -13.53% | -717.29% | -864.85% | -110.8% | -269.44% | 6.01% | - | - | -75.3% | - | 145.59% | -459.41% | - | 1040.63% | - |
| Net Income (Continuing) | -84.18M | -147.12M | -215.99M | 123.99M | -135.83M | -471.27M | -429.55M | -12.3M | -119.65M | -57.66M | 56.16M | 113.85M | 70.61M | -61.35M | 285.86M | -627.03M | 174.46M | 33.89M | -3.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.23 | -0.40 | -0.58 | 0.32 | -0.36 | -1.20 | -1.11 | -0.03 | -0.30 | -0.15 | 0.14 | 0.28 | 0.17 | -0.16 | 0.72 | -1.70 | 0.46 | 0.05 | -0.04 |
| EPS Growth % | 36.11% | 66.67% | 47.75% | 1106.29% | -20% | -700% | -892.86% | -111.36% | -276.47% | 6.25% | - | - | -76.39% | - | 142.35% | -469.57% | - | 233.6% | - |
| EPS (Basic) | -0.23 | -0.40 | -0.58 | 0.33 | -0.36 | -1.20 | -1.11 | -0.03 | -0.30 | -0.15 | 0.15 | 0.29 | 0.17 | -0.16 | 0.74 | -1.70 | 0.48 | 0.05 | -0.04 |
| Diluted Shares Outstanding | 361.22M | 364.34M | 367.51M | 381.56M | 380.62M | 385.05M | 389.35M | 387.74M | 391.44M | 392.92M | 404.85M | 404.12M | 388.93M | 388.16M | 395.25M | 363.83M | 373.17M | 356.92M | 356.92M |
| Basic Shares Outstanding | 361.22M | 364.34M | 367.51M | 375.18M | 380.62M | 385.05M | 389.35M | 387.74M | 391.44M | 392.92M | 392.86M | 389.38M | 388.93M | 388.16M | 385.21M | 363.83M | 355.74M | 356.92M | 356.92M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |