Dingdong (Cayman) Limited ADR (DDL) financial statements
Dingdong (Cayman) Limited ADR reported revenue of 24.4B CNY in fiscal 2025, up 35.8% a year over 6 years.
Net income was 232M CNY and the operating margin 0.5%, against -44.9% in 2019.
Free cash flow was 358M CNY.
The diluted share count rose 4% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions (CNY).
Income statement
Fiscal years, in CNY, from Dingdong (Cayman) Limited ADR's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 3.9B CNY | 11.3B CNY | 20.1B CNY | 24.2B CNY | 20.0B CNY | 23.1B CNY | 24.4B CNY |
| Operating income | -1.7B CNY | -3.2B CNY | -6.4B CNY | -800M CNY | -130M CNY | 215M CNY | 132M CNY |
| Interest expense | 58M CNY | 39M CNY | 85M CNY | 134M CNY | 99M CNY | 47M CNY | 17M CNY |
| Pre-tax income | -1.9B CNY | -3.2B CNY | -6.4B CNY | -800M CNY | -72M CNY | 320M CNY | 241M CNY |
| Income tax | 0 CNY | 0 CNY | 9M CNY | 7M CNY | 19M CNY | 16M CNY | 9M CNY |
| Net income | -1.9B CNY | -3.2B CNY | -6.4B CNY | -807M CNY | -91M CNY | 304M CNY | 232M CNY |
| EPS (diluted) | -32.45 CNY | -54.91 CNY | — | — | — | — | — |
| Diluted shares | 61M | 64M | — | — | — | — | — |
| Operating margin | -44.9% | -27.9% | -31.7% | -3.3% | -0.7% | 0.9% | 0.5% |
| Net margin | -48.3% | -28.0% | -32.0% | -3.3% | -0.5% | 1.3% | 1.0% |
Balance sheet
Fiscal years, in CNY, from Dingdong (Cayman) Limited ADR's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | 939M CNY | 2.4B CNY | 5.2B CNY | 6.5B CNY | 5.3B CNY | 4.4B CNY | 4.0B CNY |
| Receivables | — | 39M CNY | 192M CNY | 141M CNY | 108M CNY | 126M CNY | 192M CNY |
| Inventory | — | 386M CNY | 537M CNY | 605M CNY | 472M CNY | 554M CNY | 570M CNY |
| Total current assets | — | 3.0B CNY | 6.5B CNY | 7.5B CNY | 6.2B CNY | 5.4B CNY | 5.0B CNY |
| Property, plant and equipment | — | 273M CNY | 472M CNY | 315M CNY | 189M CNY | 176M CNY | 233M CNY |
| Total assets | — | 4.9B CNY | 9.4B CNY | 9.4B CNY | 7.7B CNY | 7.1B CNY | 7.0B CNY |
| Total current liabilities | — | 4.7B CNY | 7.3B CNY | 8.2B CNY | 6.5B CNY | 5.3B CNY | 4.8B CNY |
| Long-term debt | — | 58M CNY | 0 CNY | 0 CNY | — | — | — |
| Total liabilities | — | 5.7B CNY | 8.7B CNY | 9.0B CNY | 7.2B CNY | 6.2B CNY | 5.8B CNY |
| Shareholders' equity | -2.5B CNY | -5.9B CNY | 728M CNY | 310M CNY | 383M CNY | 799M CNY | 1.0B CNY |
| Net debt | -939M CNY | -1.2B CNY | -605M CNY | -1.9B CNY | -1.2B CNY | -887M CNY | -1.1B CNY |
Cash flow
Fiscal years, in CNY, from Dingdong (Cayman) Limited ADR's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -964M CNY | -2.1B CNY | -5.7B CNY | 87M CNY | -235M CNY | 929M CNY | 536M CNY |
| Capital spending | 125M CNY | 248M CNY | 452M CNY | 127M CNY | 83M CNY | 98M CNY | 178M CNY |
| Free cash flow | -1.1B CNY | -2.3B CNY | -6.1B CNY | -40M CNY | -318M CNY | 831M CNY | 358M CNY |
| Stock-based compensation | 2M CNY | 153M CNY | 315M CNY | 236M CNY | 137M CNY | 118M CNY | 78M CNY |
| Net borrowing | 52M CNY | 92M CNY | -87M CNY | -58M CNY | 0 CNY | 0 CNY | — |
| Free cash flow margin | -28.1% | -20.3% | -30.4% | -0.2% | -1.6% | 3.6% | 1.5% |
Questions
What was Dingdong (Cayman) Limited ADR's revenue in 2025?
24.4B CNY in fiscal 2025, from its 10-K filing.
How much free cash flow does Dingdong (Cayman) Limited ADR generate?
358M CNY in fiscal 2025 (operating cash flow minus capital spending).
From Dingdong (Cayman) Limited ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.