Financials · DDL

Dingdong (Cayman) Limited (DDL) financials

For fiscal 2025 (ended Dec 31, 2025), Dingdong (Cayman) Limited reported CN¥24.36B of revenue and CN¥231.70M of net income. Figures are in CNY, the currency of its SEC filings.

Revenue, FY2025
CN¥24.36B
Revenue growth, YoY
+5.6%
Net income, FY2025
CN¥231.70M
Net income growth, YoY
-23.9%
Net margin
1.0%
Free cash flow, FY2025
CN¥357.75M
Cash
CN¥1.11B
Annual revenueCN¥24.36B
FY2019FY2025
Annual net incomeCN¥231.70M
FY2019FY2025
Annual free cash flowCN¥357.75M
FY2019FY2025

DDL revenue and earnings growth

DDL revenueFY2025CN¥24.36B

FY YoY
+5.6%
5Y CAGR
+16.5%

DDL revenue was CN¥24.36B for fiscal 2025 (ended Dec 31, 2025), up 5.6% from fiscal 2024. Compound annual growth was +16.5% over 5 years. It rose in 5 of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

DDL net incomeFY2025CN¥231.70M

FY YoY
-23.9%

DDL net income was CN¥231.70M for fiscal 2025 (ended Dec 31, 2025), down 23.9% from fiscal 2024.

DDL free cash flowFY2025CN¥357.75M

FY YoY
-56.9%

DDL free cash flow was CN¥357.75M for fiscal 2025 (ended Dec 31, 2025), down 56.9% from fiscal 2024.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
RevenueCN¥24.36BCN¥23.07BCN¥19.97BCN¥24.22BCN¥20.12BCN¥11.34BCN¥3.88B
Operating incomeCN¥131.68MCN¥214.55M-CN¥130.12M-CN¥799.73M-CN¥6.37B-CN¥3.16B-CN¥1.74B
Interest expenseCN¥16.79MCN¥47.30MCN¥98.95MCN¥133.71MCN¥85.15MCN¥38.76MCN¥58.13M
Pre-tax incomeCN¥240.85MCN¥320.42M-CN¥71.86M-CN¥800.14M-CN¥6.42B-CN¥3.18B-CN¥1.87B
Income taxCN¥9.16MCN¥16.02MCN¥19.42MCN¥6.74MCN¥9.37MCN¥0CN¥0
Net incomeCN¥231.70MCN¥304.40M-CN¥91.28M-CN¥806.88M-CN¥6.43B-CN¥3.18B-CN¥1.87B
EPS, basic------CN¥54.91-CN¥32.45
EPS, diluted------CN¥54.91-CN¥32.45
Diluted shares-----63.7M61.4M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Cash and equivalentsCN¥1.11BCN¥887.43MCN¥1.21BCN¥1.86BCN¥670.43MCN¥1.45BCN¥938.56M
Short-term investmentsCN¥2.87BCN¥3.56BCN¥4.10BCN¥4.64BCN¥4.57BCN¥1.01B-
ReceivablesCN¥191.94MCN¥125.90MCN¥107.88MCN¥141.47MCN¥191.52MCN¥38.80M-
InventoryCN¥570.49MCN¥553.60MCN¥471.87MCN¥604.88MCN¥537.47MCN¥386.43M-
Current assetsCN¥5.04BCN¥5.37BCN¥6.15BCN¥7.50BCN¥6.52BCN¥3.03B-
Total assetsCN¥7.02BCN¥7.12BCN¥7.70BCN¥9.38BCN¥9.42BCN¥4.92B-
Current liabilitiesCN¥4.79BCN¥5.27BCN¥6.51BCN¥8.21BCN¥7.35BCN¥4.74B-
Short-term debtCN¥871.52MCN¥1.61BCN¥3.30BCN¥4.24BCN¥57.88MCN¥86.50M-
Long-term debt---CN¥0CN¥0CN¥58.38M-
Total debt---CN¥4.24BCN¥57.88MCN¥144.88M-
Total liabilitiesCN¥5.84BCN¥6.19BCN¥7.20BCN¥8.96BCN¥8.66BCN¥5.67B-
Shareholders' equityCN¥1.04BCN¥798.61MCN¥382.53MCN¥310.18MCN¥728.07M-CN¥5.92B-CN¥2.49B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Operating cash flowCN¥535.51MCN¥929.03M-CN¥234.61MCN¥87.37M-CN¥5.67B-CN¥2.06B-CN¥964.27M
Capital expendituresCN¥177.76MCN¥98.18MCN¥83.33MCN¥126.89MCN¥451.61MCN¥248.48MCN¥124.81M
Free cash flowCN¥357.75MCN¥830.85M-CN¥317.93M-CN¥39.52M-CN¥6.12B-CN¥2.30B-CN¥1.09B
Investing cash flowCN¥429.60MCN¥475.50MCN¥519.33M-CN¥47.13M-CN¥4.07B-CN¥1.02B-CN¥185.63M
Financing cash flow-CN¥743.34M-CN¥1.72B-CN¥934.42MCN¥1.11BCN¥9.04BCN¥3.66BCN¥1.68B
Stock-based compensationCN¥78.44MCN¥118.49MCN¥136.65MCN¥235.88MCN¥315.36MCN¥153.11MCN¥1.99M
Depreciation and amortizationCN¥97.54MCN¥114.60MCN¥155.00MCN¥204.21MCN¥213.08MCN¥115.35MCN¥34.73M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Revenue growth, YoY5.6%15.5%-17.5%20.4%77.5%192.2%-
Net income growth, YoY-23.9%------
Operating margin0.5%0.9%-0.7%-3.3%-31.7%-27.9%-44.9%
Net margin1.0%1.3%-0.5%-3.3%-32.0%-28.0%-48.3%
Free cash flow margin1.5%3.6%-1.6%-0.2%-30.4%-20.3%-28.1%
Return on equity22.3%38.1%-23.9%-260.1%-883.0%--
Return on assets3.3%4.3%-1.2%-8.6%-68.2%-64.5%-
Current ratio1.051.020.950.910.890.64-
Debt to equity---13.660.08--

Source: XBRL data Dingdong (Cayman) Limited files with the SEC, latest filing dated Apr 24, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

DDL peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
DDLCN¥24.36B+5.6%CN¥231.70M1.0%$414.6M
AMZN$797.46B+15.4%$134.78B16.9%$2.89T
CPNG$36.16B+7.4%-$1.36B-3.8%$29.43B
CDW$24.52B+10.9%$1.10B4.5%$20.54B
W$13.21B+7.9%-$160.00M-1.2%$15.99B
CHWY$13.07B+5.9%$273.70M2.1%$9.26B
VIPSCN¥105.92B-2.3%CN¥7.24B6.8%$6.57B
NSIT$9.02B+9.0%$181.69M2.0%$4.72B
PTRN$3.26B+42.1%$117.51M3.6%$3.43B

DDL FAQ

7 questions
  • What is DDL revenue?
    Dingdong (Cayman) Limited (DDL) reported CN¥24.36B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 5.6% from the year before.
  • Is DDL profitable?
    Yes. Dingdong (Cayman) Limited earned CN¥231.70M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 1.0%.
  • How much cash and debt does DDL have?
    Dingdong (Cayman) Limited reported CN¥1.11B in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is DDL revenue growing?
    Dingdong (Cayman) Limited's revenue changed +5.6% in fiscal 2025, to CN¥24.36B. Its compound annual growth rate was +16.5% over 5 years.
  • What is DDL free cash flow?
    Dingdong (Cayman) Limited generated CN¥357.75M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of CN¥535.51M less capital expenditures.
  • When did DDL last report financial results?
    The latest statements here come from Dingdong (Cayman) Limited's 20-F filed on Apr 24, 2026, covering the period ended Dec 31, 2025.
  • Where does this DDL financial data come from?
    Quantisnow builds these statements from the structured XBRL data Dingdong (Cayman) Limited files with the SEC. It is provided for information only and is not investment advice.