PDD Holdings Inc
NASDAQ:PDD

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PDD Holdings Inc
NASDAQ:PDD
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Price: 101.21 USD -1.02% Market Closed
Market Cap: 143.7B USD
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Income Statement

Earnings Waterfall
PDD Holdings Inc

Revenue
402.7B CNY
Cost of Revenue
-162.2B CNY
Gross Profit
240.5B CNY
Operating Expenses
-142B CNY
Operating Income
98.5B CNY
Other Expenses
643.7m CNY
Net Income
99.2B CNY

Income Statement
PDD Holdings Inc

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Income Statement
Currency: CNY
Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025
Revenue
Interest Expense
0
0
0
0
0
0
0
6
146
296
459
619
757
942
1 073
1 206
1 231
908
627
343
52
51
49
48
44
0
0
0
0
0
Revenue
1 744
N/A
3 092
+77%
5 696
+84%
8 645
+52%
13 120
+52%
16 281
+24%
20 862
+28%
25 003
+20%
30 142
+21%
32 138
+7%
37 041
+15%
43 737
+18%
59 492
+36%
75 118
+26%
85 971
+14%
93 267
+8%
93 950
+1%
95 577
+2%
103 970
+9%
117 968
+13%
130 558
+11%
144 401
+11%
165 242
+14%
198 578
+20%
247 639
+25%
296 814
+20%
341 593
+15%
372 107
+9%
393 836
+6%
402 696
+2%
Gross Profit
Cost of Revenue
(723)
(987)
(1 267)
(1 855)
(2 905)
(3 460)
(4 667)
(5 725)
(6 339)
(7 296)
(8 363)
(9 790)
(19 279)
(28 194)
(33 430)
(36 729)
(31 718)
(28 132)
(28 196)
(29 051)
(31 462)
(35 428)
(46 156)
(65 572)
(91 724)
(113 293)
(128 301)
(141 180)
(153 900)
(162 153)
Gross Profit
1 021
N/A
2 105
+106%
4 429
+110%
6 790
+53%
10 215
+50%
12 821
+26%
16 195
+26%
19 278
+19%
23 803
+23%
24 842
+4%
28 678
+15%
33 947
+18%
40 213
+18%
46 923
+17%
52 541
+12%
56 538
+8%
62 232
+10%
67 445
+8%
75 774
+12%
88 917
+17%
99 095
+11%
108 973
+10%
119 086
+9%
133 006
+12%
155 916
+17%
183 521
+18%
213 292
+16%
230 927
+8%
239 936
+4%
240 543
+0%
Operating Income
Operating Expenses
(1 607)
(2 738)
(11 575)
(14 972)
(21 015)
(25 488)
(23 716)
(28 322)
(32 341)
(35 657)
(39 642)
(43 415)
(49 593)
(56 054)
(58 034)
(58 596)
(55 335)
(54 247)
(55 876)
(60 722)
(68 694)
(73 796)
(79 888)
(87 589)
(97 217)
(105 778)
(115 703)
(125 701)
(131 513)
(142 009)
Selling, General & Administrative
(1 477)
(2 541)
(11 218)
(14 318)
(19 897)
(23 778)
(21 388)
(25 198)
(28 467)
(30 981)
(34 107)
(37 202)
(42 697)
(48 416)
(49 730)
(49 675)
(46 334)
(44 804)
(46 152)
(50 722)
(58 309)
(63 574)
(69 543)
(77 094)
(86 264)
(94 423)
(104 172)
(113 955)
(118 854)
(128 681)
Research & Development
(128)
(186)
(347)
(643)
(1 113)
(1 710)
(2 328)
(3 123)
(3 860)
(4 676)
(5 535)
(6 213)
(6 879)
(7 637)
(8 304)
(8 921)
(8 216)
(9 442)
(9 725)
(10 001)
(10 385)
(10 223)
(10 345)
(10 495)
(10 952)
(11 355)
(11 531)
(11 747)
(12 659)
(13 328)
Depreciation & Amortization
(2)
(1)
0
0
(5)
0
0
0
(14)
0
0
0
(17)
0
0
0
(785)
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Operating Expenses
0
(10)
(11)
(11)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Operating Income
(586)
N/A
(633)
-8%
(7 146)
-1 029%
(8 182)
-14%
(10 800)
-32%
(12 667)
-17%
(7 521)
+41%
(9 044)
-20%
(8 538)
+6%
(10 815)
-27%
(10 964)
-1%
(9 468)
+14%
(9 380)
+1%
(9 130)
+3%
(5 493)
+40%
(2 058)
+63%
6 897
N/A
13 198
+91%
19 898
+51%
28 195
+42%
30 402
+8%
35 177
+16%
39 198
+11%
45 418
+16%
58 699
+29%
77 743
+32%
97 589
+26%
105 226
+8%
108 423
+3%
98 535
-9%
Pre-Tax Income
Interest Income Expense
69
110
237
396
595
797
1 104
1 368
1 488
1 528
1 754
1 773
2 007
2 488
2 108
2 063
2 149
2 148
2 345
3 080
3 640
4 413
6 363
7 325
10 230
13 894
16 318
19 085
21 141
15 812
Non-Reccuring Items
(10)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
1
5
6
6
(12)
(24)
14
36
83
78
105
140
194
676
733
622
656
426
1 568
2 168
2 221
3 209
3 049
2 793
2 953
3 606
2 993
2 721
3 120
4 500
Pre-Tax Income
(525)
N/A
(518)
+1%
(6 903)
-1 232%
(7 780)
-13%
(10 217)
-31%
(11 894)
-16%
(6 403)
+46%
(7 640)
-19%
(6 968)
+9%
(9 209)
-32%
(9 105)
+1%
(7 555)
+17%
(7 180)
+5%
(5 966)
+17%
(2 652)
+56%
628
N/A
9 702
+1 446%
15 772
+63%
23 812
+51%
33 443
+40%
36 264
+8%
42 798
+18%
48 610
+14%
55 535
+14%
71 881
+29%
95 243
+33%
116 901
+23%
127 032
+9%
132 684
+4%
118 847
-10%
Net Income
Tax Provision
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(855)
(1 934)
(2 498)
(4 056)
(4 739)
(4 726)
(5 759)
(7 359)
(9 335)
(11 850)
(15 320)
(18 076)
(18 764)
(20 267)
(19 680)
Income from Continuing Operations
(525)
(518)
(6 903)
(7 780)
(10 217)
(11 894)
(6 403)
(7 640)
(6 968)
(9 209)
(9 105)
(7 555)
(7 180)
(5 966)
(2 652)
(227)
7 769
13 274
19 755
28 704
31 538
37 040
41 251
46 200
60 031
79 923
98 825
108 268
112 417
99 167
Equity Earnings Affiliates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(5)
0
0
0
17
12
Net Income (Common)
(499)
N/A
(599)
-20%
(6 983)
-1 066%
(7 860)
-13%
(10 298)
-31%
(11 894)
-15%
(6 403)
+46%
(7 640)
-19%
(6 968)
+9%
(9 209)
-32%
(9 105)
+1%
(7 555)
+17%
(7 180)
+5%
(5 966)
+17%
(2 652)
+56%
(227)
+91%
7 769
N/A
13 274
+71%
19 755
+49%
28 704
+45%
31 538
+10%
37 040
+17%
41 251
+11%
46 200
+12%
60 027
+30%
79 923
+33%
98 825
+24%
108 268
+10%
112 435
+4%
99 179
-12%
EPS (Diluted)
-0.11
N/A
-0.13
-18%
-1.58
-1 115%
-2.13
-35%
-3.47
-63%
-2.59
+25%
-1.4
+46%
-1.63
-16%
-1.51
+7%
-1.99
-32%
-1.9
+5%
-1.57
+17%
-1.51
+4%
-1.21
+20%
-0.46
+62%
-0.03
+93%
1.36
N/A
2.33
+71%
3.47
+49%
4.96
+43%
5.47
+10%
6.33
+16%
7.08
+12%
7.87
+11%
10.28
+31%
13.53
+32%
16.67
+23%
18.32
+10%
19
+4%
16.71
-12%