Gaotu Techedu Inc
NYSE:GOTU
Income Statement
Earnings Waterfall
Gaotu Techedu Inc
Revenue
|
3B
CNY
|
Cost of Revenue
|
-790.2m
CNY
|
Gross Profit
|
2.2B
CNY
|
Operating Expenses
|
-2.3B
CNY
|
Operating Income
|
-149m
CNY
|
Other Expenses
|
141.7m
CNY
|
Net Income
|
-7.3m
CNY
|
Income Statement
Gaotu Techedu Inc
Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||
Revenue |
397
N/A
|
620
+56%
|
904
+46%
|
1 362
+51%
|
2 115
+55%
|
3 143
+49%
|
4 440
+41%
|
5 849
+32%
|
7 125
+22%
|
7 767
+9%
|
8 349
+7%
|
7 499
-10%
|
6 562
-12%
|
5 346
-19%
|
3 652
-32%
|
3 143
-14%
|
2 498
-21%
|
2 481
-1%
|
2 646
+7%
|
2 829
+7%
|
2 961
+5%
|
|
Gross Profit | ||||||||||||||||||||||
Cost of Revenue |
(143)
|
(204)
|
(279)
|
(398)
|
(536)
|
(737)
|
(997)
|
(1 342)
|
(1 763)
|
(2 051)
|
(2 415)
|
(2 627)
|
(2 398)
|
(2 039)
|
(1 475)
|
(928)
|
(701)
|
(648)
|
(672)
|
(722)
|
(790)
|
|
Gross Profit |
255
N/A
|
415
+63%
|
626
+51%
|
964
+54%
|
1 579
+64%
|
2 406
+52%
|
3 443
+43%
|
4 507
+31%
|
5 362
+19%
|
5 717
+7%
|
5 935
+4%
|
4 871
-18%
|
4 164
-15%
|
3 307
-21%
|
2 177
-34%
|
2 215
+2%
|
1 797
-19%
|
1 833
+2%
|
1 974
+8%
|
2 108
+7%
|
2 171
+3%
|
|
Operating Income | ||||||||||||||||||||||
Operating Expenses |
(235)
|
(349)
|
(543)
|
(892)
|
(1 363)
|
(2 141)
|
(3 355)
|
(5 398)
|
(7 117)
|
(8 863)
|
(9 925)
|
(8 799)
|
(7 102)
|
(4 960)
|
(3 035)
|
(2 061)
|
(1 915)
|
(1 881)
|
(1 918)
|
(2 082)
|
(2 320)
|
|
Selling, General & Administrative |
(161)
|
(257)
|
(425)
|
(737)
|
(1 151)
|
(1 860)
|
(2 975)
|
(4 855)
|
(6 383)
|
(8 066)
|
(8 639)
|
(7 397)
|
(5 850)
|
(3 706)
|
(2 158)
|
(1 567)
|
(1 470)
|
(1 462)
|
(1 505)
|
(1 645)
|
(1 858)
|
|
Research & Development |
(74)
|
(93)
|
(118)
|
(155)
|
(212)
|
(281)
|
(380)
|
(543)
|
(735)
|
(1 000)
|
(1 287)
|
(1 403)
|
(1 253)
|
(1 011)
|
(689)
|
(459)
|
(445)
|
(419)
|
(413)
|
(437)
|
(462)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
203
|
0
|
0
|
0
|
(242)
|
(189)
|
(36)
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
19
N/A
|
66
+244%
|
83
+25%
|
72
-13%
|
216
+200%
|
265
+23%
|
88
-67%
|
(891)
N/A
|
(1 755)
-97%
|
(3 146)
-79%
|
(3 990)
-27%
|
(3 928)
+2%
|
(2 938)
+25%
|
(1 652)
+44%
|
(858)
+48%
|
154
N/A
|
(118)
N/A
|
(48)
+59%
|
56
N/A
|
26
-54%
|
(149)
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||
Interest Income Expense |
2
|
3
|
7
|
12
|
20
|
32
|
52
|
65
|
74
|
84
|
83
|
100
|
97
|
94
|
80
|
57
|
64
|
68
|
86
|
106
|
107
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
61
|
150
|
202
|
256
|
0
|
61
|
(144)
|
(242)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
1
|
1
|
2
|
6
|
6
|
5
|
2
|
(3)
|
33
|
(2)
|
1
|
21
|
4
|
41
|
36
|
52
|
36
|
29
|
49
|
54
|
|
Pre-Tax Income |
21
N/A
|
70
+226%
|
91
+30%
|
86
-5%
|
242
+182%
|
364
+50%
|
295
-19%
|
(623)
N/A
|
(1 428)
-129%
|
(3 029)
-112%
|
(3 848)
-27%
|
(3 971)
-3%
|
(3 062)
+23%
|
(1 555)
+49%
|
(737)
+53%
|
247
N/A
|
(3)
N/A
|
56
N/A
|
171
+205%
|
180
+5%
|
13
-93%
|
|
Net Income | ||||||||||||||||||||||
Tax Provision |
(3)
|
(13)
|
(18)
|
(12)
|
(17)
|
(25)
|
48
|
32
|
35
|
62
|
(58)
|
(47)
|
(41)
|
(70)
|
(18)
|
(18)
|
16
|
17
|
13
|
12
|
(11)
|
|
Income from Continuing Operations |
19
|
57
|
73
|
74
|
225
|
340
|
343
|
(590)
|
(1 393)
|
(2 967)
|
(3 906)
|
(4 018)
|
(3 103)
|
(1 624)
|
(755)
|
228
|
13
|
73
|
183
|
192
|
2
|
|
Equity Earnings Affiliates |
1
|
1
|
1
|
1
|
1
|
1
|
(0)
|
(1)
|
0
|
(0)
|
1
|
2
|
(0)
|
1
|
0
|
0
|
0
|
0
|
(4)
|
(9)
|
(9)
|
|
Net Income (Common) |
(19)
N/A
|
16
N/A
|
34
+115%
|
45
+32%
|
188
+321%
|
315
+67%
|
325
+3%
|
(609)
N/A
|
(1 393)
-129%
|
(2 967)
-113%
|
(3 904)
-32%
|
(4 016)
-3%
|
(3 104)
+23%
|
(1 624)
+48%
|
(755)
+54%
|
228
N/A
|
13
-94%
|
73
+455%
|
179
+145%
|
183
+2%
|
(7)
N/A
|
|
EPS (Diluted) |
-0.12
N/A
|
0.1
N/A
|
0.22
+120%
|
0.26
+18%
|
1.35
+419%
|
1.87
+39%
|
1.93
+3%
|
-3.83
N/A
|
-8.72
-128%
|
-17.42
-100%
|
-22.88
-31%
|
-23.48
-3%
|
-18.17
+23%
|
-9.26
+49%
|
-4.38
+53%
|
1.33
N/A
|
0.07
-95%
|
0.4
+471%
|
0.99
+148%
|
1.04
+5%
|
-0.04
N/A
|