PDD
PDD Holdings Inc.
NASDAQ · IEConsumer CyclicalSpecialty Retail
$86.05+2.27%
Price as of Jul 20, 2026
PDD financials
PDD Holdings Inc. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $431.8B | $393.8B | $247.6B | $130.6B |
| Cost of revenue | $188.8B | $153.9B | $91.7B | $31.5B |
| Gross profit | $243.0B | $239.9B | $155.9B | $99.1B |
| Operating expenses | $149.9B | $131.5B | $97.2B | $68.7B |
| Operating income | $93.1B | $108.4B | $58.7B | $30.4B |
| Net income | $97.8B | $112.4B | $60.0B | $31.5B |
| EBITDA | $122.4B | $133.4B | $72.7B | $38.5B |
| Basic EPS | $69.16 | $81.24 | $44.32 | $24.96 |
| Diluted EPS | $65.24 | $76.00 | $41.12 | $21.92 |
| Balance sheet | ||||
| Cash & equivalents | $182.8B | $57.8B | $59.8B | $34.3B |
| Total assets | $630.4B | $505.0B | $348.1B | $237.1B |
| Total liabilities | $215.3B | $191.7B | $160.8B | $119.3B |
| Stockholders’ equity | $415.2B | $313.3B | $187.2B | $117.8B |
| Total debt | $5.4B | $10.6B | $10.2B | $16.9B |
| Net debt | -$177.5B | -$47.2B | -$49.6B | -$17.4B |
| Cash flow | ||||
| Operating cash flow | $106.9B | $121.9B | $94.2B | $7.0B |
| Capital expenditure | -$1.1B | -$967.1M | -$583.9M | -$635.7M |
| Free cash flow | $105.8B | $121.0B | $93.6B | $6.4B |
| Dividends paid | $0.00 | $0.00 | $0.00 | $0.00 |
| Share repurchases | $0.00 | $0.00 | $0.00 | $0.00 |