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PDD Holdings Inc.
PDD Holdings Inc. Score & Ratio Trend
| Date | Score | P/E | P/B | D/E | Price |
|---|---|---|---|---|---|
| Oct 2026 | 22,176 | 9.2 | 1.75 | 0.01 | 7,826.69 |
| Oct 2026 | 22,244 | 9.1 | 1.72 | 0.01 | 7,669.07 |
| Oct 2026 | 22,225 | 9.2 | 1.73 | 0.01 | 7,717.11 |
| Oct 2026 | 22,214 | 9.2 | 1.73 | 0.01 | 7,739.86 |
| Oct 2026 | 22,350 | 8.9 | 1.67 | 0.01 | 7,445.51 |
| Oct 2026 | 22,330 | 8.9 | 1.68 | 0.01 | 7,472.92 |
| Oct 2026 | 22,336 | 8.9 | 1.68 | 0.01 | 7,491.58 |
PDD Holdings Inc. Quarterly Results
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 |
|---|---|---|---|---|
| Revenue | 112,358,000,000.0 | 106,229,000,000.0 | 123,912,194,000.0 | 108,276,512,000.0 |
| Net Profit | 27,182,000,000.0 | 12,547,000,000.0 | 23,019,069,000.0 | 29,328,184,000.0 |
| EPS | 19.3 | 8.9 | 17.5 | 21.0 |
PDD Holdings Inc. Revenue & Profit: Last 4 Years
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
| Revenue | 431,845,713,000.0 | 393,836,097,000.0 | 247,639,205,000.0 | 130,557,589,000.0 |
| Net Profit | 97,842,539,000.0 | 112,434,512,000.0 | 60,026,544,000.0 | 31,538,062,000.0 |
| EPS | 71.1 | 81.2 | 44.3 | 25.0 |
PDD Holdings Inc. Balance Sheet
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Total Assets | 630,044,327,000.0 | 505,034,316,000.0 | 348,078,120,000.0 | 237,119,953,000.0 | — |
| Total Liabilities | 216,659,171,000.0 | 191,721,192,000.0 | 160,836,513,000.0 | 119,349,042,000.0 | — |
| Total Equity | 413,385,156,000.0 | 313,313,124,000.0 | 187,241,607,000.0 | 117,770,911,000.0 | — |
Owes vs Owns
PDD Holdings Inc. owed ¥0.33 for every ¥1 it owned in Jun 2026, down from ¥0.50 in Dec 2022.
| Period | Jun 2026 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
| Owes vs Owns | 0.33× | 0.34× | 0.38× | 0.46× | 0.50× |
Everything the company owes ÷ everything it owns. Below 1× it owns more than it owes; above 1× it owes more than it owns.
PDD Holdings Inc. Assets & Liabilities Breakdown (CNY millions)
What it owns — Dec 2025
Cash & short-term investments 67.0%Receivables 2.9%Fixed assets (tangible) 1.0%Other assets 29.0%
How it's funded — Dec 2025
Payables 22.2%Other liabilities 11.3%Shareholders' equity 65.6%
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | 422,308.3 | 331,559.9 | 217,209.8 | 149,438.7 |
| Receivables | 18,530.8 | 12,152.6 | 12,580.8 | 7,352.5 |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 |
| Fixed assets (tangible) | 6,169.4 | 5,943.7 | 5,084.5 | 2,460.9 |
| Intangible assets | 15.4 | 19.2 | 21.1 | 134.0 |
| Long-term investments | 0.0 | 0.0 | 0.0 | 0.0 |
| Other assets | 183,020.5 | 155,359.0 | 113,181.9 | 77,733.8 |
| Liabilities & equity | ||||
| Short-term debt | 2,498.6 | 5,309.6 | 648.6 | 13,885.8 |
| Long-term debt | 2,880.2 | 3,191.6 | 5,231.5 | 1,575.8 |
| Payables | 140,070.1 | 119,936.3 | 91,902.7 | 67,295.5 |
| Other liabilities | 71,210.3 | 63,283.8 | 63,053.7 | 36,592.0 |
| Shareholders' equity | 413,385.2 | 313,313.1 | 187,241.6 | 117,770.9 |
| Net tangible assets | 413,369.8 | 313,294.0 | 187,220.5 | 117,636.9 |
PDD Holdings Inc. Cash Flow
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Operating Activities | 106,938,690,000.0 | 121,929,292,000.0 | 94,162,531,000.0 | 48,507,860,000.0 | — |
| Investing Activities | -43,423,236,000.0 | -118,356,036,000.0 | -55,431,278,000.0 | -22,361,670,000.0 | — |
| Financing Activities | -5,227,353,000.0 | 1,164,000.0 | -8,960,626,000.0 | 10,079,000.0 | — |