Dingdong (Cayman) Ltd
NYSE:DDL
Dingdong (Cayman) Ltd
Dingdong (Cayman) Limited operates as a holding company, through its subsidiaries operates on-demand e-commerce business that offers fresh groceries and other daily necessities directly delivered to users and households in the People’s Republic of China. The company is headquartered in Shanghai, Shanghai. The company went IPO on 2021-06-29. The firm offers groceries and other daily necessities directly delivered to users and households. The Company’s groceries offerings include fresh produce, meat and seafood and other daily necessities. The firm procure its products primarily from direct upstream sources such as farms and cooperatives. The Company’s frontline fulfillment grid consists of more than 950 frontline fulfillment stations across 29 cities in China. Its frontline fulfillment grid is also supported by approximately 40 regional processing centers to sort, package, label and store raw products prior to fulfillment.
Dingdong (Cayman) Limited operates as a holding company, through its subsidiaries operates on-demand e-commerce business that offers fresh groceries and other daily necessities directly delivered to users and households in the People’s Republic of China. The company is headquartered in Shanghai, Shanghai. The company went IPO on 2021-06-29. The firm offers groceries and other daily necessities directly delivered to users and households. The Company’s groceries offerings include fresh produce, meat and seafood and other daily necessities. The firm procure its products primarily from direct upstream sources such as farms and cooperatives. The Company’s frontline fulfillment grid consists of more than 950 frontline fulfillment stations across 29 cities in China. Its frontline fulfillment grid is also supported by approximately 40 regional processing centers to sort, package, label and store raw products prior to fulfillment.
Record Revenue: Dingdong reported its highest ever quarterly revenue of RMB 6.66 billion in Q3 2025, up 1.9% year-over-year, marking seven consecutive quarters of revenue growth.
Profitability: The company remained profitable for the 7th straight quarter on a GAAP basis, with GAAP net profit at RMB 0.08 billion and a margin of 1.2%.
Cash Position: Dingdong ended the quarter with RMB 3.03 billion in actual cash after short-term borrowings, and has achieved positive operating cash flow for nine quarters in a row.
Margin Trends: Gross profit margin declined slightly to 28.9%, down 0.9 percentage points year-over-year, but fulfillment and marketing expenses remained well-controlled.
Growth Drivers: Company highlights successful execution of its 'good products' and top-selling product strategies, resulting in higher order volume, improved user retention, and strong performance in both mature and new city markets.
Outlook: Management expects industry competition to intensify in Q4, but is confident about maintaining last year’s scale and non-GAAP profitability, supported by strong supply chain and product innovation.
