Gaotu Techedu (GOTU) Income Statement: Revenue & Earnings

Gaotu Techedu Income Statement Analysis

Revenue, earnings, and profit margins in billions CNY

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Gaotu Techedu Inc. income statement - Annual data in billions CNY
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	4.62	2.96	2.50	6.56	7.12
Cost of Revenue	1.48	0.79	0.70	2.40	1.76
Gross Profit	3.14	2.17	1.80	4.16	5.36
Operating Expenses
Research & Development	0.66	0.46	0.45	1.25	0.73
Selling, General & Administrative	3.68	1.86	1.47	5.85	6.38
Operating Expenses	4.34	2.32	1.92	7.10	7.12
Operating Income	-1.20	-0.15	-0.12	-2.94	-1.76
Other Income/Expense
Interest Income	0.07	0.08	0.02	0.03	0.00
Interest Expense	0.00	0.00	0.00	0.00	0.00
Other Income/Expense	0.14	0.05	0.09	-0.16	0.00
Income
Income Before Tax	-1.06	0.00	0.00	-3.06	-1.43
Income Tax Expense	0.01	0.01	-0.02	0.04	-0.03
Net Income	-1.06	-0.01	0.01	-3.10	-1.39
Net Income - Continuous Operations	-1.06	-0.01	0.01	-3.10	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-0.99	-0.09	-0.05	-2.83	-1.70
EBIT	-1.18	-0.15	-0.12	-2.94	-1.76
Depreciation & Amortization	0.07	0.05	0.07	0.11	0.06
Earnings Per Share
Basic EPS	-3.00	-	-	-12.00	-6.00
Diluted EPS	-3.00	-	-	-12.00	-6.00
Basic Shares Outstanding	0.39	0.26	0.26	0.26	0.24
Diluted Shares Outstanding	0.39	0.26	0.26	0.26	0.24