Gaotu Techedu Inc.
GOTUdata completeness 100%7 fiscal years on fileData notes: no data for concept 'interestExpense'
Gaotu Techedu Inc. earns about -56% on invested capital, below its ~9% cost of capital, and has bought back 4% of its shares over 5 years — no moat visible in the numbers. The estimate methods put fair value between $7.46 and $13.3 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $1.03B1 | $362.2M2 | $417M3 | $623.8M4 | $879M5 |
| Net income | −$487M6 | $1.91M7 | −$1.03M8 | −$143.7M9 | −$46.2M10 |
| Operating cash flow | −$656.8M11 | $7.91M12 | $49.8M13 | $35.3M14 | $59.5M15 |
| Capital expenditure | $42.7M16 | $2.75M17 | $5.75M18 | $24.4M19 | $24.2M20 |
| Free cash flow (derived) | −$699.6M11 | $5.16M12 | $44.1M13 | $10.9M14 | $35.3M15 |
| Total debt | — | — | — | — | $18.9M21 |
| Cash & equivalents | $114.4M22 | $118.9M23 | $89.6M24 | $181M25 | $85.3M26 |
| Diluted shares | 170.8M | 176.0M | 173.7M | 171.4M | 163.1M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $10.99 of net worth that earned you −$2.83 and generated $2.16 of cash last year, against $1.16 of debt.
It earned about -56% on invested capital against a ~9% cost of capital — below the cost of funding. The numbers show no moat.
seeing a moat in the numbers →Share count is down 4% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has held roughly steady.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 2 estimate methods that apply put fair value between $7.46 and $13.3 a share. They rest on different assumptions, so where they diverge is the story.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth20.0%
- fcfBase$35.3M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth20.0%
- fcfBase$35.3M
Different models answer different questions — which to trust when →
| Bear | 0.0% | $3.5 |
| Base | 20.0% | $7.46 |
| Bull | 20.0% | $7.46 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 20.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 20-F · period ending 2021-12-31 · accession 0000950170-22-006141 (Revenues)
- 20-F · period ending 2022-12-31 · accession 0000950170-23-013156 (Revenues)
- 20-F · period ending 2023-12-31 · accession 0000950170-24-047938 (Revenues)
- 20-F · period ending 2024-12-31 · accession 0000950170-25-056468 (Revenues)
- 20-F · period ending 2025-12-31 · accession 0001193125-26-168211 (Revenues)
- 20-F · period ending 2021-12-31 · accession 0000950170-22-006141 (NetIncomeLoss)
- 20-F · period ending 2022-12-31 · accession 0000950170-23-013156 (NetIncomeLoss)
- 20-F · period ending 2023-12-31 · accession 0000950170-24-047938 (NetIncomeLoss)
- 20-F · period ending 2024-12-31 · accession 0000950170-25-056468 (NetIncomeLoss)
- 20-F · period ending 2025-12-31 · accession 0001193125-26-168211 (NetIncomeLoss)
- 20-F · period ending 2021-12-31 · accession 0000950170-22-006141 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2022-12-31 · accession 0000950170-23-013156 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2023-12-31 · accession 0000950170-24-047938 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2024-12-31 · accession 0000950170-25-056468 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2025-12-31 · accession 0001193125-26-168211 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2021-12-31 · accession 0000950170-22-006141 (PaymentsToAcquireProductiveAssets)
- 20-F · period ending 2022-12-31 · accession 0000950170-23-013156 (PaymentsToAcquireProductiveAssets)
- 20-F · period ending 2023-12-31 · accession 0000950170-24-047938 (PaymentsToAcquireProductiveAssets)
- 20-F · period ending 2024-12-31 · accession 0000950170-25-056468 (PaymentsToAcquireProductiveAssets)
- 20-F · period ending 2025-12-31 · accession 0001193125-26-168211 (PaymentsToAcquireProductiveAssets)
- 20-F · period ending 2025-12-31 · accession 0001193125-26-168211 (LongTermDebtNoncurrent)
- 20-F · period ending 2021-12-31 · accession 0000950170-22-006141 (CashAndCashEquivalentsAtCarryingValue)
- 20-F · period ending 2022-12-31 · accession 0000950170-23-013156 (CashAndCashEquivalentsAtCarryingValue)
- 20-F · period ending 2023-12-31 · accession 0000950170-24-047938 (CashAndCashEquivalentsAtCarryingValue)
- 20-F · period ending 2024-12-31 · accession 0000950170-25-056468 (CashAndCashEquivalentsAtCarryingValue)
- 20-F · period ending 2025-12-31 · accession 0001193125-26-168211 (CashAndCashEquivalentsAtCarryingValue)