GOTU: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	6.15bn	4.55bn	2.96bn	2.50bn
Cost of revenue	2.00bn	199m	790m	701m
Gross profit	4.15bn	3.10bn	2.17bn	1.80bn
Research and development	627m	648m	462m	445m
Selling, general and administrative	732m	92m	356m	290m
Operating expenses	4.65bn	586m	2.32bn	1.92bn
Operating income	−503m	−1.18bn	−149m	−118m
Pre-tax income	−327m	−1.04bn	13m	−3m
Income tax	−4m	1m	11m	−16m
Net income	−323m	−1.05bn	−7m	13m
Earnings per share	−1.98	−6.12	−0.04	0.08
Earnings per share, diluted	−1.98	−6.12	−0.04	0.07
Weighted average shares	163m	171m	174m	172m
Weighted average shares, diluted	163m	171m	174m	176m

Metric	Aug 19, 2026	Aug 18, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash and equivalents	—	—	596m	181m	636m	820m	897m
Short-term investments	—	—	2.71bn	253m	2.25bn	—	—
Inventory	—	—	55m	36m	25m	—	—
Current assets	—	—	3.98bn	3.64bn	3.59bn	—	—
Property, plant and equipment	—	—	1.01bn	670m	534m	—	—
Goodwill	—	—	11m	331,000	331,000	—	—
Total assets	—	—	6.20bn	798m	5.41bn	—	—
Current liabilities	—	—	4.25bn	447m	1.97bn	—	—
Short-term debt	—	—	100m	0	—	—	—
Long-term debt	—	—	32m	0	—	—	—
Total liabilities	—	—	4.95bn	534m	2.31bn	—	—
Equity	—	—	1.25bn	265m	3.11bn	3.10bn	2.88bn
Shares outstanding	—	—	—	169m	—	—	—

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Operating cash flow	416m	35m	354m	55m
Depreciation and amortisation	104m	8m	51m	69m
Share-based compensation	39m	7m	58m	123m
Capital expenditure	169m	178m	41m	19m
Investing cash flow	−819m	621m	−424m	−158m
Share buybacks	343m	205m	90m	0
Financing cash flow	−214m	−205m	−90m	0