Gaotu Techedu (GOTU) Q4 2025 earnings summary

Executive summary

• Achieved high-quality operating performance in 2025, exceeding growth targets and reinforcing organizational foundation.

• Net revenues for Q4 2025 rose 21.4% year-over-year to RMB 1,685.3 million; full-year revenues increased 35.0% to RMB 6,146.8 million.

• Focused on profitable growth, leveraging AI to drive operational efficiency and long-term viability.

• Strategic priorities for 2026 include profitability, user-centric product development, technology integration, talent strategy, and building a lifelong learning platform.

• Gross billings for Q4 2025 grew 19.1% year-over-year to RMB 2,573.7 million; full-year gross billings up 23.0% to RMB 6,903.7 million.

Financial highlights

• Q4 2025 revenue increased 21.4% year-over-year to RMB 1.7 billion; full-year revenue grew 35.0% to RMB 6.1 billion.

• Q4 2025 gross profit increased 20.7% year-over-year to RMB 1,144.5 million; gross margin was 67.9%.

• Net operating cash inflow for 2025 reached RMB 416.1 million, up 61.3% year-over-year.

• Deferred revenue balance as of December 31, 2025, rose 23.0% year-over-year to RMB 2.6 billion.

• Net loss for Q4 was RMB 84.2 million (net loss margin 5.0%); non-GAAP net loss was RMB 76.8 million (margin 4.6%).

Outlook and guidance

• Q1 2026 net revenue expected between RMB 1,578 million and RMB 1,598 million, up 5.7%-7.0% year-over-year due to seasonality.

• Revenue growth rate expected to return to double digits in Q2 2026.

• Management prioritizes profitable growth and further AI integration in 2026.