NYSE : DDL
Dingdong (Cayman) Limited — Financial statements
Consumer Staples · Grocery Stores · China
Last price 1.88 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 406.04M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Dingdong (Cayman) Limited (DDL) reported revenue of 18.55B CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 18.55B | 24.36B | 23.07B | 19.97B | 24.22B | 20.12B |
| Cost of Revenue | 13.15B | 17.25B | 16.12B | 13.85B | 16.74B | 16.08B |
| Gross Profit | 5.40B | 7.11B | 6.95B | 6.12B | 7.49B | 4.04B |
| Selling, General & Admin | 4.88B | 6.30B | 6.02B | 5.45B | 7.23B | 9.49B |
| Research & Development | 649.74M | 821.97M | 799.97M | 802.89M | 1.00B | 905.01M |
| Other Operating Expenses | -57.17M | -146.86M | -100.45M | -43.17M | -19.53M | -18.66M |
| Operating Expenses | 5.47B | 6.97B | 6.72B | 6.21B | 8.22B | 10.38B |
| Operating Income | -66.65M | 133.54M | 222.38M | -89.26M | -732.67M | -6.33B |
| Interest Expense | -11.97M | -16.79M | -47.30M | -98.95M | -133.71M | -85.15M |
| Interest & Investment Income | 97.81M | 125.56M | 154.43M | 157.49M | 93.03M | 45.32M |
| Other Non Operating Income (Expenses) | 1.74M | 407.00K | -1.27M | -269.00K | 40.26M | -11.49M |
| EBT Excluding Unusual Items | 20.92M | 242.71M | 328.24M | -31.00M | -733.09M | -6.38B |
| Gain (Loss) on Sale of Assets | -1.85M | -1.85M | -7.82M | -40.86M | -67.06M | -35.48M |
| Pretax Income | 19.07M | 240.85M | 320.42M | -71.86M | -800.14M | -6.42B |
| Income Tax Expense | 5.35M | 9.16M | 16.02M | 19.42M | 6.74M | 9.37M |
| Earnings From Continuing Operations | 13.71M | 231.70M | 304.40M | -91.28M | -806.88M | -6.43B |
| Minority Interest in Earnings | -10.03M | -10.03M | -9.31M | -8.60M | ||
| Net Income | 540.73M | 221.67M | 295.08M | -99.88M | -806.88M | -6.43B |
| Preferred Dividends & Other Adjustments | 7.55M | 10.03M | 9.31M | 8.60M | 7.49M | 288.38M |
| Net Income to Common | 533.17M | 211.64M | 285.77M | -108.48M | -814.37M | -6.72B |
| Shares Outstanding (Basic) | 216.84M | 216.73M | 216.12M | 216.65M | 216.22M | 129.81M |
| Shares Outstanding (Diluted) | 188.50B | 188.50B | 183.16B | 216.65M | 216.22M | 129.81M |
| EPS (Basic) | 2.46 | 0.98 | 1.32 | -0.50 | -3.77 | -51.75 |
| EPS (Diluted) | 2.46 | 0.00 | 0.00 | -0.50 | -3.77 | -51.75 |
| Free Cash Flow | 444.46M | 357.75M | 830.85M | -317.93M | -39.52M | -6.12B |
| Free Cash Flow Per Share | 0.00 | 0.00 | 0.01 | -1.47 | -0.18 | -47.13 |
| Gross Margin | 29.13% | 29.17% | 30.11% | 30.66% | 30.90% | 20.10% |
| Operating Margin | -0.36% | 0.55% | 0.96% | -0.45% | -3.02% | -31.47% |
| Profit Margin | 2.87% | 0.87% | 1.24% | -0.54% | -3.36% | -33.38% |
| Free Cash Flow Margin | 2.40% | 1.47% | 3.60% | -1.59% | -0.16% | -30.41% |
| EBITDA | 22.36M | 231.08M | 336.98M | 65.74M | -528.46M | -6.12B |
| EBITDA Margin | 0.12% | 0.95% | 1.46% | 0.33% | -2.18% | -30.41% |
| D&A For EBITDA | 89.01M | 97.54M | 114.60M | 155.00M | 204.21M | 213.08M |
| EBIT | -66.65M | 133.54M | 222.38M | -89.26M | -732.67M | -6.33B |
| EBIT Margin | -0.36% | 0.55% | 0.96% | -0.45% | -3.02% | -31.47% |
| Effective Tax Rate | 28.08% | 3.80% | 5.00% | |||
| Revenue as Reported | 18.55B | 24.36B | 23.07B | 19.97B | 24.22B | 20.12B |
| Advertising Expenses | 160.90M | 219.00M | 156.80M | 306.10M | 1.02B |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.42B | 1.11B | 887.43M | 1.21B | 1.86B | 662.77M |
| Short-Term Investments | 391.26M | 2.87B | 3.56B | 4.10B | 4.64B | 4.57B |
| Cash & Short-Term Investments | 1.81B | 3.98B | 4.45B | 5.31B | 6.49B | 5.23B |
| Accounts Receivable | 24.25M | 191.94M | 125.90M | 107.88M | 141.47M | 191.52M |
| Other Receivables | 52.92M | 61.03M | 62.16M | 49.49M | 15.99M | |
| Receivables | 24.25M | 244.86M | 186.92M | 170.04M | 190.96M | 207.51M |
| Inventory | 20.36M | 570.49M | 553.60M | 471.87M | 604.88M | 537.47M |
| Restricted Cash | 340.00K | 2.79M | 480.00K | 2.76M | 7.66M | |
| Other Current Assets | 6.24B | 247.93M | 172.46M | 199.06M | 204.68M | 532.56M |
| Total Current Assets | 8.11B | 5.04B | 5.37B | 6.15B | 7.50B | 6.52B |
| Property, Plant & Equipment | 84.19M | 1.81B | 1.64B | 1.45B | 1.74B | 2.72B |
| Other Long-Term Assets | 9.57M | 163.22M | 111.39M | 96.69M | 145.56M | 185.79M |
| Total Assets | 8.21B | 7.02B | 7.12B | 7.70B | 9.38B | 9.42B |
| Accounts Payable | 50.79M | 1.92B | 1.66B | 1.42B | 1.89B | 2.06B |
| Accrued Expenses | 37.60M | 987.90M | 1.01B | 817.68M | 1.11B | 868.56M |
| Short-Term Debt | 871.52M | 1.61B | 3.30B | 4.24B | 3.12B | |
| Current Portion of Long-Term Debt | 57.88M | |||||
| Current Portion of Leases | 4.79M | 664.30M | 640.25M | 653.53M | 693.50M | 969.49M |
| Current Unearned Revenue | 408.00K | 273.26M | 279.28M | 240.28M | 253.01M | 243.48M |
| Other Current Liabilities | 6.49B | 77.24M | 75.21M | 71.80M | 31.77M | 29.44M |
| Total Current Liabilities | 6.58B | 4.79B | 5.27B | 6.51B | 8.21B | 7.35B |
| Long-Term Leases | 63.88M | 897.81M | 780.04M | 568.04M | 678.00M | 1.24B |
| Long-Term Unearned Revenue | 92.30M | 94.70M | 92.00M | 60.00M | 60.00M | |
| Other Long-Term Liabilities | 55.27M | 48.42M | 34.21M | 15.00M | 9.37M | |
| Total Liabilities | 6.64B | 5.84B | 6.19B | 7.20B | 8.96B | 8.66B |
| Common Stock | 4.00K | 4.00K | 4.00K | 4.00K | 4.00K | 4.00K |
| Additional Paid-In Capital | 14.28B | 14.26B | 14.18B | 14.06B | 13.92B | 13.69B |
| Retained Earnings | -12.73B | -13.16B | -13.38B | -13.68B | -13.58B | -12.77B |
| Treasury Stock | -59.97M | -59.97M | -51.18M | -20.67M | -20.67M | -7.04M |
| Comprehensive Income & Other | -61.22M | 3.95M | 53.63M | 21.17M | -11.89M | -184.24M |
| Total Common Equity | 1.42B | 1.04B | 798.61M | 382.53M | 310.18M | 728.07M |
| Minority Interest | 140.70M | 135.44M | 125.41M | 116.09M | 107.49M | 30.00M |
| Shareholders' Equity | 1.56B | 1.18B | 924.02M | 498.62M | 417.67M | 758.07M |
| Total Liabilities & Equity | 8.21B | 7.02B | 7.12B | 7.70B | 9.38B | 9.42B |
| Total Debt | 68.67M | 2.43B | 3.03B | 4.52B | 5.61B | 5.39B |
| Net Cash (Debt) | 1.74B | 1.54B | 1.42B | 787.42M | 883.49M | -161.40M |
| Net Cash Per Share | 0.01 | 0.01 | 0.01 | 3.63 | 4.09 | -1.24 |
| Filing Date Shares Outstanding | 216.66M | 215.98M | 214.31M | 217.32M | 216.32M | 216.40M |
| Total Common Shares Outstanding | 216.66M | 215.98M | 214.31M | 217.20M | 216.32M | 216.40M |
| Working Capital | 1.53B | 245.52M | 94.69M | -355.04M | -714.99M | -832.20M |
| Book Value Per Share | 6.57 | 4.82 | 3.73 | 1.76 | 1.43 | 3.36 |
| Tangible Book Value | 1.42B | 1.04B | 798.61M | 382.53M | 310.18M | 728.07M |
| Tangible Book Value Per Share | 6.57 | 4.82 | 3.73 | 1.76 | 1.43 | 3.36 |
| Machinery | 212.91M | 203.31M | 214.52M | 227.07M | 236.08M | |
| Construction In Progress | 17.35M | 21.77M | 18.17M | 28.09M | 8.71M | |
| Leasehold Improvements | 555.15M | 462.62M | 468.26M | 506.50M | 555.94M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 540.73M | 221.67M | 295.08M | -99.88M | -806.88M | -6.43B |
| Depreciation & Amortization | 97.54M | 97.54M | 114.60M | 155.00M | 204.21M | 213.08M |
| Loss (Gain) From Sale of Assets | 1.85M | 1.85M | 7.82M | 40.86M | 67.06M | 35.48M |
| Stock-Based Compensation | 78.44M | 78.44M | 118.49M | 136.65M | 235.88M | 315.36M |
| Provision & Write-off of Bad Debts | 3.64M | 3.64M | 4.04M | 3.98M | 26.23M | |
| Other Operating Activities | 263.74M | 728.83M | 728.36M | 800.54M | 893.67M | 36.77M |
| Change in Accounts Receivable | -68.28M | -68.28M | -18.75M | 36.22M | 26.75M | -152.71M |
| Change in Inventory | -16.88M | -16.88M | -81.73M | 133.01M | -67.41M | -200.62M |
| Change in Accounts Payable | 259.87M | 259.87M | 238.29M | -464.51M | -171.94M | 478.68M |
| Change in Unearned Revenue | -6.02M | -6.02M | 39.00M | -12.73M | 9.53M | 103.08M |
| Change in Other Net Operating Assets | -765.15M | -765.15M | -516.18M | -963.75M | -329.72M | -66.59M |
| Operating Cash Flow | 622.22M | 535.51M | 929.03M | -234.61M | 87.37M | -5.67B |
| Capital Expenditures | -177.76M | -177.76M | -98.18M | -83.33M | -126.89M | -451.61M |
| Sale of Property, Plant & Equipment | 3.08M | 3.08M | 5.10M | 26.24M | 5.79M | 547.00K |
| Cash Acquisitions | -6.90M | -6.90M | ||||
| Investment in Securities | 611.19M | 611.19M | 568.58M | 576.41M | 73.97M | -3.62B |
| Other Investing Activities | -14.68M | 10.10M | ||||
| Investing Cash Flow | 414.92M | 429.60M | 475.50M | 519.33M | -47.13M | -4.07B |
| Short-Term Debt Issued | 4.97B | 8.40B | 11.89B | 13.78B | 9.56B | |
| Total Debt Issued | 4.97B | 4.97B | 8.40B | 11.89B | 13.78B | 9.56B |
| Short-Term Debt Repaid | -5.70B | -10.09B | -12.82B | -12.67B | -7.69B | |
| Long-Term Debt Repaid | -57.88M | -87.00M | ||||
| Total Debt Repaid | -5.70B | -5.70B | -10.09B | -12.82B | -12.72B | -7.78B |
| Net Debt Issued (Repaid) | -734.73M | -734.73M | -1.69B | -937.76M | 1.06B | 1.78B |
| Issuance of Common Stock | 184.00K | 184.00K | 548.00K | 3.34M | 1.07M | 589.96M |
| Repurchase of Common Stock | -8.79M | -8.79M | -30.51M | -17.74M | -2.91M | |
| Other Financing Activities | 1.32B | 70.00M | 30.00M | |||
| Financing Cash Flow | 576.65M | -743.34M | -1.72B | -934.42M | 1.11B | 9.04B |
| Foreign Exchange Rate Adjustments | -13.27M | -4.85M | -94.00K | 456.00K | 35.90M | -90.78M |
| Net Cash Flow | 1.60B | 216.92M | -319.49M | -649.25M | 1.19B | -780.02M |
| Free Cash Flow | 444.46M | 357.75M | 830.85M | -317.93M | -39.52M | -6.12B |
| Free Cash Flow Margin | 2.40% | 1.47% | 3.60% | -1.59% | -0.16% | -30.41% |
| Free Cash Flow Per Share | 0.00 | 0.00 | 0.01 | -1.47 | -0.18 | -47.13 |
| Levered Free Cash Flow | -1.87B | 158.10M | 642.05M | -475.30M | 133.29M | -4.20B |
| Unlevered Free Cash Flow | -1.86B | 168.59M | 671.61M | -413.45M | 216.86M | -4.14B |
| Cash Interest Paid | 16.02M | 16.02M | 46.71M | 103.85M | 133.73M | 77.10M |
| Change in Working Capital | -596.46M | -596.46M | -339.37M | -1.27B | -532.79M | 161.83M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 415.76M | 533.62M | 712.81M | 324.49M | 924.02M | 3.82B |
| Enterprise Value | 159.04M | 351.11M | 537.10M | 235.33M | 944.42M | 3.50B |
| Last Close Price | 1.88 | 2.49 | 3.28 | 1.50 | 4.27 | 16.17 |
| PE Ratio | 5.32 | 17.64 | 18.21 | |||
| Forward PE | 9.05 | 11.71 | 13.80 | 8.09 | 17.59 | |
| PS Ratio | 0.15 | 0.15 | 0.23 | 0.12 | 0.26 | 1.21 |
| PB Ratio | 1.94 | 3.17 | 5.63 | 4.61 | 15.26 | 31.99 |
| P/TBV Ratio | 1.94 | 3.59 | 6.51 | 6.01 | 20.55 | 33.30 |
| P/FCF Ratio | 6.08 | 10.43 | 6.26 | |||
| P/OCF Ratio | 4.34 | 6.97 | 5.60 | 72.95 | ||
| PEG Ratio | 0.18 | 0.18 | 0.18 | 0.18 | 0.38 | |
| EV/Sales Ratio | 0.05 | 0.10 | 0.17 | 0.08 | 0.27 | 1.10 |
| EV/EBITDA Ratio | 45.36 | 10.63 | 11.63 | 25.38 | ||
| EV/EBIT Ratio | 18.39 | 17.63 | ||||
| EV/FCF Ratio | 2.23 | 6.87 | 4.72 | |||
| Debt / Equity Ratio | 0.04 | 2.07 | 3.27 | 9.07 | 13.43 | 7.11 |
| Debt / EBITDA Ratio | 0.08 | 2.23 | 2.60 | 4.67 | 10.42 | |
| Debt / FCF Ratio | 0.15 | 6.80 | 3.64 | |||
| Net Debt / Equity Ratio | -1.11 | -1.31 | -1.54 | -1.58 | -2.12 | 0.21 |
| Net Debt / EBITDA Ratio | -77.98 | -6.68 | -4.22 | -11.98 | 1.67 | -0.03 |
| Net Debt / FCF Ratio | -3.92 | -4.31 | -1.71 | 2.48 | 22.36 | -0.03 |
| Asset Turnover | 2.48 | 3.45 | 3.11 | 2.34 | 2.58 | 2.81 |
| Inventory Turnover | 50.05 | 30.70 | 31.44 | 25.72 | 29.30 | 34.80 |
| Quick Ratio | 0.28 | 0.88 | 0.88 | 0.84 | 0.81 | 0.74 |
| Current Ratio | 1.23 | 1.05 | 1.02 | 0.94 | 0.91 | 0.89 |
| Return on Equity (ROE) | 1.04% | 22.06% | 42.79% | -19.92% | -137.26% | -95,941.79% |
| Return on Assets (ROA) | -0.56% | 1.18% | 1.88% | -0.65% | -4.87% | -55.19% |
| Return on Invested Capital (ROIC) | -1,146.37% | |||||
| Return on Capital Employed (ROCE) | -4.10% | 6.00% | 12.00% | -7.50% | -62.60% | -305.70% |
| Earnings Yield | 18.80% | 5.94% | 5.67% | -4.34% | -12.66% | -26.51% |
| FCF Yield | 16.46% | 9.59% | 15.97% | -13.82% | -0.62% | -25.23% |
| Buyback Yield / Dilution | -84,875.87% | -2.92% | -84,441.58% | -0.20% | -66.57% | -205.72% |