PDD Financial Statements From 2010 to 2025

Stocks . USA . 
Stock . PDD Holdings
PDD Stock  USD 134.87  1.14  0.84%   
PDD Holdings' financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing PDD Holdings' valuation are provided below:
Gross Profit
235.3 B
Profit Margin
0.2391
Market Capitalization
193.1 B
Enterprise Value Revenue
2.4189
Revenue
409.6 B
There are over one hundred nineteen available trending fundamental ratios for PDD Holdings, which can be analyzed over time and compared to other ratios. Investors should ensure to check out all of PDD Holdings' recent performance against the performance from 2010 to 2025 to make sure the company is sustainable for few more years. As of November 1, 2025, Market Cap is expected to decline to about 503.1 B. In addition to that, Enterprise Value is expected to decline to about 491.5 B

PDD Holdings Total Revenue

413.53 Billion

Check PDD Holdings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among PDD Holdings' main balance sheet or income statement drivers, such as Tax Provision of 21.3 B, Net Interest Income of 21.6 B or Interest Income of 21.6 B, as well as many indicators such as Price To Sales Ratio of 2.36, Dividend Yield of 1.0E-4 or PTB Ratio of 2.97. PDD financial statements analysis is a perfect complement when working with PDD Holdings Valuation or Volatility modules.
  
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Check out the analysis of PDD Holdings Correlation against competitors.
For information on how to trade PDD Stock refer to our How to Trade PDD Stock guide.

PDD Holdings Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets530.3 B505 B131.6 B
Slightly volatile
Short and Long Term Debt Total9.2 B10.6 B5.3 B
Slightly volatile
Other Current Liabilities93 B88.5 B19.7 B
Slightly volatile
Total Current Liabilities197.8 B188.4 B57.9 B
Slightly volatile
Total Stockholder Equity329 B313.3 B70.6 B
Slightly volatile
Property Plant And Equipment Net6.2 B5.9 B1.5 B
Slightly volatile
Current Deferred Revenue3.1 B2.9 B877.2 M
Slightly volatile
Accounts Payable52.5 B92.5 B30.5 B
Slightly volatile
Cash60.7 B57.8 B17.1 B
Slightly volatile
Non Current Assets Total93.9 B89.4 B18.3 B
Slightly volatile
Non Currrent Assets Other87.6 B83.4 B16.3 B
Slightly volatile
Cash And Short Term Investments348.1 B331.6 B81.5 B
Slightly volatile
Net Receivables11.8 B11.2 B3 B
Slightly volatile
Common Stock Total Equity134 K182.8 K108.7 K
Slightly volatile
Common Stock Shares Outstanding1.9 B1.5 B2.8 B
Slightly volatile
Short Term Investments287.5 B273.8 B64.4 B
Slightly volatile
Liabilities And Stockholders Equity530.3 B505 B131.6 B
Slightly volatile
Capital Surpluse50.1 B47.7 B20.9 B
Slightly volatile
Other Current Assets40.4 B72.8 B23.2 B
Slightly volatile
Other Stockholder Equity70.8 B117.8 B40.6 B
Slightly volatile
Total Liabilities201.3 B191.7 B61 B
Slightly volatile
Total Current Assets436.4 B415.6 B113.3 B
Slightly volatile
Short Term Debt7.8 B7.4 B2.3 B
Slightly volatile
Common Stock158.5 K180 K112 K
Slightly volatile
Property Plant Equipment3 B2.8 B956.9 M
Slightly volatile
Net Invested Capital334.6 B318.6 B75.1 B
Slightly volatile
Net Working Capital238.6 B227.2 B55.7 B
Slightly volatile
Capital Stock178.7 K180 K153.2 K
Slightly volatile

PDD Holdings Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Net Interest Income21.6 B20.6 B3.9 B
Slightly volatile
Interest Income21.6 B20.6 B4 B
Slightly volatile
Depreciation And Amortization865.5 M904.2 M504.3 M
Slightly volatile
Selling General Administrative7.9 B7.6 B2.2 B
Slightly volatile
Selling And Marketing Expenses116.9 B111.3 B30.9 B
Slightly volatile
Total Revenue413.5 B393.8 B86.7 B
Slightly volatile
Other Operating Expenses299.7 B285.4 B68.8 B
Slightly volatile
Research Development6.7 B12.7 B3.9 B
Slightly volatile
Cost Of Revenue161.6 B153.9 B31.5 B
Slightly volatile
Total Operating Expenses138.1 B131.5 B37.3 B
Slightly volatile
Reconciled Depreciation1.4 B2.6 B740 M
Slightly volatile

PDD Holdings Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Change To Inventory4.2 B7 B3 B
Slightly volatile
Stock Based Compensation5.2 B9.9 B3 B
Slightly volatile
Free Cash Flow127 B121 B26.9 B
Slightly volatile
Change In Working Capital6.3 B6.7 B8.1 B
Slightly volatile
Begin Period Cash Flow127.9 B121.8 B31.6 B
Slightly volatile
Depreciation1.4 B2.6 B775.1 M
Slightly volatile
Capital Expenditures682.4 M967.1 M392.4 M
Slightly volatile
Total Cash From Operating Activities128 B121.9 B27.3 B
Slightly volatile
Change To Operating Activities14.3 B8.2 B7.6 B
Slightly volatile
End Period Cash Flow132.5 B126.2 B38.2 B
Slightly volatile
Change To Netincome11.4 B7.8 B6.2 B
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.362.4877148
Slightly volatile
Dividend Yield1.0E-41.0E-41.0E-4
Slightly volatile
PTB Ratio2.973.1271208
Slightly volatile
Days Sales Outstanding10.711.262819.6209
Very volatile
Book Value Per Share23822653.5693
Slightly volatile
Free Cash Flow Yield0.130.12350.0351
Slightly volatile
Operating Cash Flow Per Share92.588.098420.8271
Slightly volatile
Stock Based Compensation To Revenue0.02380.02510.0574
Pretty Stable
Capex To Depreciation0.350.36621.7773
Slightly volatile
PB Ratio2.973.1271208
Slightly volatile
EV To Sales2.252.368146
Slightly volatile
Free Cash Flow Per Share91.7787.399620.5076
Slightly volatile
Payables Turnover1.351.28320.561
Slightly volatile
Sales General And Administrative To Revenue0.01820.01920.0589
Very volatile
Research And Ddevelopement To Revenue0.03050.03210.0683
Very volatile
Capex To Revenue0.00230.00250.0055
Very volatile
Cash Per Share25224062.4197
Slightly volatile
POCF Ratio7.638.0355123
Slightly volatile
Capex To Operating Cash Flow0.00750.00790.0175
Slightly volatile
PFCF Ratio7.698.0997125
Slightly volatile
Days Payables Outstanding2702841.1 K
Very volatile
EV To Operating Cash Flow7.277.6487122
Slightly volatile
EV To Free Cash Flow7.327.7098124
Slightly volatile
Intangibles To Total Assets0.00.00.036
Slightly volatile
Current Ratio1.342.20591.4902
Slightly volatile
Tangible Book Value Per Share23822653.1322
Slightly volatile
Receivables Turnover19.5432.407733.3767
Slightly volatile
Graham Number16916147.1246
Slightly volatile
Shareholders Equity Per Share23822653.5693
Slightly volatile
Debt To Equity0.03220.03390.2134
Slightly volatile
Capex Per Share0.390.69880.2982
Slightly volatile
Revenue Per Share29928565.279
Slightly volatile
Interest Debt Per Share11.117.66417.7958
Slightly volatile
Debt To Assets0.020.0210.0746
Slightly volatile
Short Term Coverage Ratios32.0422.963923.8261
Slightly volatile
Operating Cycle14.315.055922.0968
Pretty Stable
Price Book Value Ratio2.973.1271208
Slightly volatile
Days Of Payables Outstanding2702841.1 K
Very volatile
Price To Operating Cash Flows Ratio7.638.0355123
Slightly volatile
Price To Free Cash Flows Ratio7.698.0997125
Slightly volatile
Ebt Per Ebit0.841.22391.0274
Pretty Stable
Effective Tax Rate0.10.15270.0617
Slightly volatile
Company Equity Multiplier1.531.61193.9544
Slightly volatile
Long Term Debt To Capitalization0.02970.03130.1359
Slightly volatile
Total Debt To Capitalization0.03110.03270.1707
Slightly volatile
Debt Equity Ratio0.03220.03390.2134
Slightly volatile
Quick Ratio1.342.19741.4884
Slightly volatile
Dividend Paid And Capex Coverage Ratio228126147
Slightly volatile
Net Income Per E B T0.670.84730.8019
Very volatile
Cash Ratio0.40.30660.5762
Slightly volatile
Operating Cash Flow Sales Ratio0.550.30960.9711
Slightly volatile
Days Of Sales Outstanding10.711.262819.6209
Very volatile
Free Cash Flow Operating Cash Flow Ratio1.070.99210.9874
Very volatile
Cash Flow Coverage Ratios12.0711.4953.7155
Slightly volatile
Price To Book Ratio2.973.1271208
Slightly volatile
Fixed Asset Turnover62.9566.2613162
Slightly volatile
Capital Expenditure Coverage Ratio120126289
Slightly volatile
Price Cash Flow Ratio7.638.0355123
Slightly volatile
Debt Ratio0.020.0210.0746
Slightly volatile
Cash Flow To Debt Ratio12.0711.4953.7155
Slightly volatile
Price Sales Ratio2.362.4877148
Slightly volatile
Asset Turnover0.820.77980.4114
Slightly volatile
Price Fair Value2.973.1271208
Slightly volatile

PDD Holdings Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap503.1 B979.8 B445 B
Slightly volatile
Enterprise Value491.5 B932.6 B435.6 B
Slightly volatile

PDD Fundamental Market Drivers

Forward Price Earnings11.5875
Cash And Short Term Investments331.6 B

PDD Upcoming Events

18th of March 2024
Upcoming Quarterly Report
View
24th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
18th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About PDD Holdings Financial Statements

PDD Holdings stakeholders use historical fundamental indicators, such as PDD Holdings' revenue or net income, to determine how well the company is positioned to perform in the future. Although PDD Holdings investors may analyze each financial statement separately, they are all interrelated. For example, changes in PDD Holdings' assets and liabilities are reflected in the revenues and expenses on PDD Holdings' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in PDD Holdings. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue2.9 B3.1 B
Total Revenue393.8 B413.5 B
Cost Of Revenue153.9 B161.6 B
Stock Based Compensation To Revenue 0.03  0.02 
Sales General And Administrative To Revenue 0.02  0.02 
Research And Ddevelopement To Revenue 0.03  0.03 
Revenue Per Share 284.56  298.79 
Ebit Per Revenue 0.28  0.29 

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When determining whether PDD Holdings is a strong investment it is important to analyze PDD Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PDD Holdings' future performance. For an informed investment choice regarding PDD Stock, refer to the following important reports:
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Check out the analysis of PDD Holdings Correlation against competitors.
For information on how to trade PDD Stock refer to our How to Trade PDD Stock guide.
You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Is Broadline Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PDD Holdings. If investors know PDD will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PDD Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.04)
Earnings Share
9.32
Revenue Per Share
294.474
Quarterly Revenue Growth
0.071
Return On Assets
0.1147
The market value of PDD Holdings is measured differently than its book value, which is the value of PDD that is recorded on the company's balance sheet. Investors also form their own opinion of PDD Holdings' value that differs from its market value or its book value, called intrinsic value, which is PDD Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PDD Holdings' market value can be influenced by many factors that don't directly affect PDD Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between PDD Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if PDD Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PDD Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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