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PDD Holdings Inc. (PDD)

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CIK 0001737806 · Nasdaq · Services-Business Services, NEC

  • Sector Services
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, PDD Holdings Inc. reported revenue of 431.85B CNY. Revenue grew 9.7% from the prior annual period.

Key ratios (year ended 2025-12-31)

56.3%
Gross margin (computed)
21.6%
Operating margin
22.7%
Net margin
23.7%
Return on year-end equity
9.7%
Revenue growth (YoY)

Computed by TickerFacts from revenue minus cost of revenue. This may differ from the issuer's reported gross profit or margin; check the revenue and cost definitions.

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Latest selected filing: Form 4 (ownership change) · 2026-09-04

Headquarters locality: Dublin / George Town · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

Period ended2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue431.85B CNY393.84B CNY247.64B CNY130.56B CNY93.95B CNY59.49B CNY30.14B CNY13.12B CNY1.74B CNY504.86M CNY
Cost of Revenue188.80B CNY153.90B CNY91.72B CNY31.46B CNY31.72B CNY19.28B CNY6.34B CNY2.91B CNY722.83M CNY577.87M CNY
Gross Profit243.04B CNY239.94B CNY155.92B CNY99.10B CNY62.23B CNY40.21B CNY23.80B CNY10.21B CNY1.02B CNY-73.01M CNY
R&D Expense16.50B CNY12.66B CNY10.95B CNY10.38B CNY8.99B CNY6.89B CNY3.87B CNY1.12B CNY129.18M CNY29.42M CNY
Operating Income93.10B CNY108.42B CNY58.70B CNY30.40B CNY6.90B CNY-9.38B CNY-8.54B CNY-10.80B CNY-595.72M CNY-286.21M CNY
Depreciation & Amortization601.48M CNY708.76M CNY786.24M CNY2.22B CNY1.50B CNY651.52M CNY637.83M CNY497.00M CNY2.27M CNY756.0K CNY
EBITDA93.70B CNY109.13B CNY59.48B CNY32.63B CNY8.39B CNY-8.73B CNY-7.90B CNY-10.30B CNY-593.46M CNY-285.45M CNY
Net Income97.84B CNY112.43B CNY60.03B CNY31.54B CNY7.77B CNY-7.18B CNY-6.97B CNY-10.22B CNY-525.12M CNY-291.98M CNY
EPS (Diluted)16.50 CNY19.00 CNY10.29 CNY5.48 CNY1.36 CNY-1.51 CNY-1.51 CNY-3.47 CNY-0.28 CNY-0.18 CNY
Total Assets630.04B CNY505.03B CNY348.08B CNY237.12B CNY181.21B CNY158.91B CNY76.06B CNY43.18B CNY13.31B CNYn/a
Total Liabilities216.66B CNY191.72B CNY160.84B CNY119.35B CNY106.10B CNY98.73B CNY51.41B CNY24.36B CNY12.11B CNYn/a
Shareholders' Equity413.39B CNY313.31B CNY187.24B CNY117.77B CNY75.11B CNY60.18B CNY24.65B CNY18.82B CNY-991.96M CNY-426.28M CNY
Cash & Equivalents108.90B CNY57.77B CNY59.79B CNY34.33B CNY6.43B CNY22.42B CNY5.77B CNY14.16B CNY3.06B CNY1.32B CNY
Operating Cash Flow106.94B CNY121.93B CNY94.16B CNY48.51B CNY28.78B CNY28.20B CNY14.82B CNY7.77B CNY9.69B CNY879.78M CNY
Capital Expendituresn/an/an/an/an/a43.05M CNY27.44M CNY27.33M CNY8.92M CNY2.30M CNY
Free Cash Flown/an/an/an/an/a28.15B CNY14.79B CNY7.74B CNY9.68B CNY877.48M CNY
Share Repurchasesn/an/an/an/an/an/an/an/a32.68M CNYn/a
Shares Outstanding5.69B5.57B5.50B5.28Bn/an/an/a4.46B1.76B1.82B
Weighted Average Diluted Shares5.93B5.92B5.84B5.76B5.71B4.77B4.63B2.97B1.76B1.82B
EPS (Basic)17.50 CNY20.31 CNY11.08 CNY6.24 CNY1.55 CNY-1.51 CNY-1.51 CNY-3.47 CNY-0.28 CNY-0.18 CNY

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