NASDAQ · PDD
PDD Holdings financials
$77.53−1.22%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q4 '25 Dec 31 | Q4 '24 Dec 31 | Q4 '23 Dec 31 | Q4 '22 Dec 31 | Q4 '21 Dec 31 | Q4 '20 Dec 31 | Q4 '19 Dec 31 | Q4 '18 Dec 31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $4.27B | — | — |
| Gross profit | — | — | — | — | — | $2.45B | — | — |
| Gross margin | — | — | — | — | — | 57.5% | — | — |
| Operating income | — | — | — | — | — | -$357.6M | — | — |
| Net income | — | — | — | — | — | -$245.6M | — | — |
| Net margin | — | — | — | — | — | −5.8% | — | — |
| Diluted EPS | — | — | — | — | — | $-1.33 | — | — |
| EBITDA | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | -$357.6M | $0.00 | $0.00 |
| Operating cash flow | — | — | — | — | — | $2.37B | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| Diluted shares | 5,929.6M | 5,916.6M | 5,839.6M | 5,761.3M | 5,713.8M | 4,768.3M | 4,627.3M | 2,968.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $15.57B | $7.91B | $8.45B | $4.98B | $1.01B | $22.42B |
| Short-term investments | $44.80B | $37.51B | $22.24B | $16.69B | $13.58B | $64.55B |
| Total debt | $0.00 | $727.4M | $830.7M | $11.42B | $11.66B | $70.13B |
| Total assets | $90.05B | $69.19B | $49.17B | $34.38B | $28.44B | $158.91B |
| Total liabilities | $30.97B | $26.27B | $22.72B | $17.30B | $16.65B | $98.73B |
| Shareholders' equity | $59.09B | $42.92B | $26.45B | $17.08B | $11.79B | $60.18B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology