Gaotu Techedu
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Gaotu Techedu's past years’ income statements indicate that its last revenue has increased compared to the previous period by 19% to $2,960,813,000. Profit margin reached 0%. Total operating expenses were $2,319,612,000.
Profit Margin
| 2017 | 97.58M | -86.95M | -89.11% |
|---|---|---|---|
| 2018 | 397.30M | 19.65M | 4.95% |
| 2019 | 2.11B | 226.63M | 10.72% |
| 2020 | 7.12B | -1.39B | -19.55% |
| 2021 | 6.56B | -3.10B | -47.29% |
| 2022 | 2.49B | 13.17M | 0.53% |
| 2023 | 2.96B | -7.29M | -0.25% |
GOTU Income Statement (2017 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
Revenue | |||||||
Revenue | 2.96B | 2.49B | 6.56B | 7.12B | 2.11B | 397.30M | 97.58M |
Cost of revenue | 790.20M | 701.05M | 2.39B | 1.76B | 535.91M | 142.75M | 25.02M |
Gross profit | 2.17B | 1.79B | 4.16B | 5.36B | 1.57B | 254.55M | 72.55M |
Operating exp. | |||||||
Research and development | 462.04M | 445.11M | 1.25B | 734.45M | 212.19M | 74.05M | 52.45M |
Selling and marketing | 1.50B | 1.17B | 5.12B | 5.81B | 1.04B | 121.51M | 75.32M |
Total operating expenses | 2.31B | 1.91B | 7.10B | 7.11B | 1.36B | 235.39M | 164.98M |
Operating income | -149.00M | -118.05M | -2.93B | -1.75B | 215.73M | 19.15M | -92.42M |
Other income (expenses), net | 152.36M | 115.51M | -123.96M | 327.42M | 26.50M | 50K | 852K |
Income before tax | 3.35M | -2.53M | -3.06B | -1.42B | 242.23M | 21.39M | -91.35M |
Income tax expense | 10.65M | -15.70M | 40.94M | -34.61M | 16.95M | 2.61M | -4.62M |
Net income | -7.29M | 13.17M | -3.10B | -1.39B | 226.63M | 19.65M | -86.95M |
Earnings per share | |||||||
Basic EPS | -0.02 | 0.05 | -12.11 | -5.81 | 1.14 | 0.08 | -0.37 |
Diluted EPS | -0.02 | 0.04 | -12.11 | -5.81 | 1.08 | 0.08 | -0.37 |
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