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General information

Country: CHINA

Sector: Internet Retail

Categories: @china   @e-commerce   

Pinduoduo Inc. operates as an e-commerce platform. The Company offers a wide range of merchandise online including groceries, fashion, beauty, and electronics. Pinduoduo serves customers worldwide.
Website: pinduoduo.com



Growth: Good revenue growth rate 10.9%, there is slowdown compared to average historical growth rates 72.9%. The revenue growth dynamics is moderately stable Site traffic for the last 3 months showed a change of +6.0%

Profitability: LTM EBITDA margin is positive, +26.5%. On average the margin is decreasing unsteadily. Gross margin is high, +56.7%. In the last quarter the company beat the estimated EPS, +84.6%. The company was ahead of estimated EPS in 100% of quarters (showing a gain of +$0.38 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield 2.9% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 78.0% higher than minimum and 32.2% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 5.9x by EV / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: PDD
Share price, USD:  (0.0%)106.86
year average price 115.85  


year start price 113.87 2025-02-08

min close price 88.35 2025-04-10

max close price 138.13 2025-11-10

current price 106.86 2026-02-07
Common stocks: 1 262 814 000

Dividend Yield:  0.0%
FCF Yield LTM: 2.9%
EV / LTM EBITDA: 4.6x
EV / EBITDA annualized: 8.6x
Last revenue growth (y/y):  +10.9%
Last growth of EBITDA (y/y):  -12.8%
Historical revenue growth:  +72.9%
Historical growth of EBITDA:  +85.7%
EV / Sales: 1.2x
Margin (EBITDA LTM / Revenue): 26.5%
Fundamental value created in LTM:
Market Cap ($m): 134 944
Net Debt ($m): -11 711
EV (Enterprise Value): 123 233
Price to Book: 2.4x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2026-02-05seekingalpha.com

PDD Holdings: Temu Pessimism Offers A Discount On China's Best Fortress Balance Sheet

2026-02-03globenewswire.com

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of PDD Holdings Inc. - PDD

2026-01-22prnewswire.com

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of PDD Holdings Inc. - PDD

2026-01-21globenewswire.com

INVESTOR ALERT: Investigation of PDD Holdings Inc. (PDD) by Holzer & Holzer, LLC

2026-01-21globenewswire.com

PDD Holdings Investigated For Securities Fraud; Block & Leviton Encourages Investors Who Have Lost Money to Contact the Firm

2025-12-12seekingalpha.com

PDD Holdings: My Top E-Com Pick For 2026

2025-11-25seekingalpha.com

PDD: Cash Keeps Piling Up

2025-11-19zacks.com

PDD Holdings Q3 Earnings Beat Estimates, Revenues Increase Y/Y

2025-11-18seekingalpha.com

PDD Holdings Inc. (PDD) Q3 2025 Earnings Call Transcript

2025-11-18zacks.com

PDD Holdings Inc. Sponsored ADR (PDD) Beats Q3 Earnings Estimates
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2025 q3 2025 q2 2025 q1 2024 q4 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2 2021 q4 2020 q4
date 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2021-12-31 2020-12-31
symbol PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD
reportedCurrency CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2025-11-18 2025-08-25 2025-05-27 2024-11-21 2024-08-26 2024-03-21 2023-09-30 2023-06-30 2023-03-22 2022-09-30 2022-06-30
acceptedDate 2025-11-18 09:27:36 2025-08-25 16:00:55 2025-05-27 16:31:12 2025-04-28 17:01:20 2024-11-21 16:01:16 2024-08-26 16:01:51 2024-03-20 21:30:13 2024-04-25 07:30:47 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-22 06:00:56 2023-04-26 07:33:40 2022-09-29 20:00:00 2022-06-29 20:00:00 2022-04-25 08:13:41 2021-04-30 07:48:56
calendarYear 2025 2025 2025 2024 2024 2024 2023 2023 2023 2022 2022
period Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 FY FY
revenue 108 277M 103 985M 95 672M 393 836M 99 354M 97 060M 86 812M 247 639M 68 840M 52 281M 37 637M 130 558M 35 504M 31 440M 93 950M 59 492M
costOfRevenue 46 840M 45 859M 40 947M 153 900M 39 709M 33 698M 32 695M 91 724M 26 830M 18 690M 11 125M 31 462M 7 414M 7 962M 31 718M 19 279M
grossProfit 61 436M 58 126M 54 725M 239 936M 59 645M 63 361M 54 117M 155 916M 42 010M 33 591M 26 512M 99 095M 28 090M 23 478M 62 232M 40 213M
grossProfitRatio 0.567 0.559 0.572 0.6 0.653 0.623 0.61 0.643 0.704 0.791 0.747
researchAndDevelopmentExpenses 4 332M 3 591M 3 578M 12 659M 3 063M 2 909M 2 910M 10 952M 2 847M 2 734M 2 507M 10 385M 2 698M 2 611M 8 993M 6 892M
generalAndAdministrativeExpenses 1 755M 1 532M 1 659M 7 553M 1 806M 1 839M 1 823M 4 076M 758M 1 585M 816M 3 965M 907M 826M 1 541M 1 507M
sellingAndMarketingExpenses 30 323M 27 210M 33 403M 111 301M 30 484M 26 049M 23 411M 82 189M 21 748M 16 553M 16 260M 54 344M 14 049M 11 343M 44 802M 41 195M
sellingGeneralAndAdministrativeExpenses 32 078M 28 742M 35 062M 118 854M 32 289M 27 888M 25 234M 86 264M 22 507M 18 138M 17 076M 58 309M 14 955M 12 169M 46 342M 42 702M
otherExpenses 0 0 0 0 0 0 1 881M 0 290M 1 106M 1 228M 0 0 0 0 0
operatingExpenses 36 410M 32 333M 38 640M 131 513M 35 353M 30 797M 28 144M 97 217M 25 354M 20 872M 19 583M 68 693M 17 654M 14 781M 55 335M 49 594M
costAndExpenses 83 251M 78 192M 79 587M 285 413M 75 062M 64 495M 60 838M 188 940M 52 184M 39 562M 30 708M 100 156M 25 068M 22 742M 87 053M 68 872M
interestIncome 8 565M 10 423M 223M 20 553M 5 416M 4 856M 5 049M 10 238M 2 127M 2 288M 1 464M 3 997M 1 092M 757M 3 062M 2 455M
interestExpense 0 0 0 0 0 0 0 44M 12M 12M 12M 52M 14M 13M 1 231M 757M
depreciationAndAmortization 0 177M 177M 709M 4 887M 197M 197M 786M 2 418M 3 394M 2 691M 2 224M 1 639M 0 1 495M 652M
ebitda 25 026M 35 712M 16 263M 109 132M 29 180M 32 761M 26 170M 59 485M 19 074M 16 113M 9 620M 32 626M 12 075M 10 468M 8 392M -8 729M
ebitdaratio 0.231 0.343 0.17 0.294 0.338 0.379 0.277 0.308 0.256 0.34 0.333
operatingIncome 25 026M 25 793M 16 086M 108 423M 24 292M 32 565M 25 974M 58 699M 16 656M 12 719M 6 929M 30 402M 10 437M 8 697M 6 897M -9 380M
operatingIncomeRatio 0.231 0.248 0.168 0.245 0.336 0.299 0.242 0.243 0.184 0.294 0.277
totalOtherIncomeExpensesNet 8 289M 9 742M 3 137M 24 278M 4 887M 5 359M 7 092M 13 178M 385M 1 262M 2 663M 5 862M 1 678M 1 811M 2 805M 2 201M
incomeBeforeTax 33 315M 35 535M 19 223M 132 701M 29 180M 37 924M 33 118M 71 876M 19 156M 16 257M 9 592M 36 264M 12 115M 10 508M 9 702M -7 180M
incomeBeforeTaxRatio 0.308 0.342 0.201 0.294 0.391 0.381 0.278 0.311 0.255 0.341 0.334
incomeTaxExpense 3 987M 4 782M 4 481M 20 267M 4 202M 5 915M 5 068M 11 850M 3 513M 3 158M 1 598M 4 726M 1 537M 1 558M 1 934M 0
netIncome 29 328M 30 753M 14 742M 112 435M 24 981M 32 009M 27 998M 60 027M 15 537M 13 108M 8 101M 31 538M 10 589M 8 896M 7 769M -7 180M
netIncomeRatio 0.271 0.296 0.154 0.251 0.33 0.323 0.226 0.251 0.215 0.298 0.283
eps 20.96 22 10.6 81.24 18.02 21.6 20.32 44.32 11.36 9.64 6.12 24.96 8.4 7.04 6.2 -6.04
epsdiluted 19.72 20.76 9.96 16.91 21.61 18.96 10.6 9 5.56 7.36 6.24
weightedAverageShsOut 1 399M 1 397M 1 392M 1 384M 1 386M 1 482M 1 377M 1 354M 1 466M 1 456M 1 321M 1 264M 1 263M 1 261M 1 253M 1 189M
weightedAverageShsOutDil 1 488M 1 482M 1 483M 1 479M 1 477M 1 481M 1 477M 1 460M 1 466M 1 458M 1 463M 1 440M 1 444M 1 429M 1 428M 1 192M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link
filingDate 2025-04-28 2024-04-25 2023-04-26 2022-04-25 2021-04-30
fiscalYear 2024 2023 2022 2021 2020
netInterestIncome 20 553M 10 194M 3 945M 1 831M 1 698M
ebit 108 423M 58 699M 30 402M 6 897M -9 380M
nonOperatingIncomeExcludingInterest 0 0 0 0 0
netIncomeFromContinuingOperations 112 435M 60 027M 31 538M 7 769M -7 180M
netIncomeFromDiscontinuedOperations 0 0 0 0 0
otherAdjustmentsToNetIncome 0 0 0 0 0
netIncomeDeductions 0 -44M -52M 0 0
bottomLineNetIncome 112 435M 60 071M 31 590M 7 769M -7 180M
epsDiluted 76 41.12 21.92 5.44 -6.04

Balance Sheet Statement

Property 2025 q3 2025 q2 2025 q1 2024 q4 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2 2021 q4 2020 q4
date 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2021-12-31 2020-12-31
symbol PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD
reportedCurrency CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2025-11-18 2025-08-25 2025-05-27 2024-11-21 2024-08-26 2024-03-21 2023-09-30 2023-06-30 2023-03-22 2022-09-30 2022-06-30
acceptedDate 2025-11-18 09:27:36 2025-08-25 16:00:55 2025-05-27 16:31:12 2025-04-28 17:01:20 2024-11-21 16:01:16 2024-08-26 16:01:51 2024-03-20 21:30:13 2024-04-25 07:30:47 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-22 06:00:56 2023-04-26 07:33:40 2022-09-29 20:00:00 2022-06-29 20:00:00 2022-04-25 08:13:41 2021-04-30 07:48:56
calendarYear 2025 2025 2025 2024 2024 2024 2023 2023 2023 2022 2022
period Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 FY FY
cashAndCashEquivalents 92 387M 63 222M 70 126M 57 768M 65 295M 56 756M 55 592M 59 794M 54 940M 31 379M 19 771M 34 326M 25 602M 1 949M 6 427M 22 421M
shortTermInvestments 331 383M 323 909M 294 375M 273 792M 243 166M 228 171M 186 540M 157 415M 147 907M 148 129M 137 264M 115 113M 112 208M 15 874M 86 517M 64 551M
cashAndShortTermInvestments 423 769M 387 131M 364 501M 331 560M 308 462M 284 927M 242 132M 217 210M 202 847M 179 509M 157 035M 149 439M 137 809M 17 823M 92 943M 86 972M
netReceivables 15 147M 6 008M 12 887M 12 153M 13 923M 11 481M 11 743M 7 430M 8 686M 6 657M 5 590M 3 352M 5 157M 706M 3 477M 3 907M
inventory 0 0 0 1 599M 0 0 0 -119M 56 413M 52 055M 50 899M 0 0 0 14M 1 718M
otherCurrentAssets 77 443M 82 904M 70 386M 68 426M 64 447M 63 319M 62 595M 68 784M 3 630M 2 985M 2 288M 62 861M 50 604M 7 665M 64 475M 56 926M
totalCurrentAssets 516 360M 476 043M 447 774M 415 648M 386 831M 359 726M 316 470M 294 750M 271 576M 241 206M 215 811M 216 618M 193 570M 26 193M 160 909M 149 524M
propertyPlantEquipmentNet 6 209M 843M 6 432M 5 944M 5 696M 5 101M 4 835M 5 084M 4 728M 3 186M 2 588M 2 461M 2 383M 348M 3 142M 833M
goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
intangibleAssets 16M 17M 18M 19M 0 21M 0 21M 22M 23M 0 134M 0 0 701M 1 277M
goodwillAndIntangibleAssets 16M 17M 18M 19M 20M 21M 22M 21M 22M 23M 23M 134M 298M 65M 701M 1 277M
longTermInvestments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
taxAssets 670M 73M 63M 16M 273M 0 44M 0 1 632M 1 545M 1 299M 1 045M 28M 4M 32M 0
otherNonCurrentAssets 90 469M 90 180M 76 226M 83 407M 73 974M 67 896M 56 455M 48 222M 36 294M 28 326M 20 345M 16 862M 12 829M 2 054M 16 426M 7 275M
totalNonCurrentAssets 97 365M 91 114M 82 739M 89 386M 79 963M 73 018M 61 356M 53 328M 42 675M 33 079M 24 255M 20 502M 15 538M 2 471M 20 301M 9 385M
otherAssets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
totalAssets 613 724M 567 156M 530 513M 505 034M 466 794M 432 744M 377 826M 348 078M 314 251M 274 285M 240 066M 237 120M 209 108M 28 665M 181 210M 158 909M
accountPayables 100 578M 95 522M 92 515M 119 936M 82 780M 79 860M 75 864M 91 903M 68 100M 60 115M 55 879M 67 296M 51 563M 7 897M 64 461M 54 972M
shortTermDebt 7 634M 7 703M 7 627M 5 310M 2 015M 1 866M 1 801M 649M 15 733M 15 386M 14 442M 13 886M 513M 71M 0 1 866M
taxPayables 0 0 0 0 0 0 0 16 929M 0 0 0 6 971M 0 0 5 734M 2 882M
deferredRevenue 3 332M 3 601M 2 945M 2 947M 2 952M 0 2 281M 2 145M 2 044M 1 639M 1 543M 1 390M 1 392M 186M 1 167M 2 423M
otherCurrentLiabilities 107 675M 95 136M 93 937M 19 419M 92 250M 89 107M 73 733M 41 839M 62 248M 48 853M 39 159M 26 190M 31 965M 4 643M 21 992M 16 430M
totalCurrentLiabilities 219 218M 201 962M 197 025M 188 423M 179 997M 170 833M 151 398M 152 901M 148 124M 125 994M 111 023M 116 889M 85 432M 12 797M 93 730M 83 882M
longTermDebt 3 040M 3 260M 3 626M 0 8 222M 7 899M 7 678M 5 232M 4 021M 2 883M 2 533M 1 576M 16 500M 2 290M 11 789M 14 433M
deferredRevenueNonCurrent 0 0 0 0 0 0 0 0 1 624M 1 635M 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 64M 70M 162M 107M 70M 34M 44M 60M 56M 64M 382 000 13M 46M 6M 31M 0
otherNonCurrentLiabilities 0 0 0 0 0 0 0 0 -1 624M -1 635M 0 0 -36 921M 12 000 996 000 3M
totalNonCurrentLiabilities 3 103M 3 330M 3 787M 3 298M 8 292M 7 933M 7 722M 7 936M 4 077M 2 947M 2 534M 2 460M 16 546M 2 296M 12 365M 14 851M
otherLiabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
capitalLeaseObligations 5 425M 5 676M 5 951M 5 298M 5 061M 4 501M 4 165M 4 286M 3 778M 2 204M 1 708M 1 473M 1 263M 140M 971M 668M
totalLiabilities 222 321M 205 293M 200 812M 191 721M 188 289M 178 766M 159 120M 160 837M 152 201M 128 941M 113 556M 119 349M 101 978M 15 092M 106 095M 98 733M
preferredStock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
commonStock 181 000 181 000 180 000 180 000 179 000 179 000 178 000 177 000 177 000 176 000 171 000 170 000 162 000 24 000 161 000 159 000
retainedEarnings 262 245M 232 917M 202 163M 187 659M 160 106M 135 232M 103 116M 75 119M 51 939M 36 402M 23 294M 15 193M 5 744M -723M -17 707M -25 475M
accumulatedOtherComprehensiveIncomeLoss 5 145M 6 750M 7 534M 7 825M 2 973M 5 906M 5 140M 4 830M 5 958M 6 260M 2 432M 3 327M 4 631M 129M -2 520M -1 048M
othertotalStockholdersEquity 124 013M 122 197M 120 004M 115 425M 112 840M 110 449M 104 153M 102 682M 100 784M 96 754M 0
totalStockholdersEquity 391 403M 361 864M 329 701M 313 313M 278 505M 253 978M 218 706M 187 242M 162 050M 145 344M 126 510M 117 771M 107 130M 13 572M 75 115M 60 176M
totalEquity 391 403M 361 864M 329 701M 313 313M 278 505M 253 978M 218 706M 187 242M 162 050M 145 344M 126 510M 117 771M 107 130M 13 572M 75 115M 60 176M
totalLiabilitiesAndStockholdersEquity 613 724M 567 156M 530 513M 466 794M 432 744M 377 826M 314 251M 274 285M 240 066M 209 108M 28 665M
minorityInterest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 613 724M 567 156M 530 513M 505 034M 466 794M 432 744M 377 826M 348 078M 314 251M 274 285M 240 066M 237 120M 209 108M 28 665M 181 210M 158 909M
totalInvestments 331 383M 323 909M 294 375M 273 792M 243 166M 228 171M 186 540M 157 415M 147 907M 148 129M 137 264M 115 113M 112 208M 0 86 517M 64 551M
totalDebt 10 674M 10 963M 11 253M 10 607M 10 237M 9 765M 9 480M 10 166M 19 753M 18 269M 16 975M 16 934M 17 013M 2 361M 12 760M 16 967M
netDebt -81 713M -52 259M -58 873M -47 161M -55 059M -46 991M -46 112M -49 629M -35 186M -13 110M -2 796M -17 392M -8 589M 412M 6 334M -5 454M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link
filingDate 2025-04-28 2024-04-25 2023-04-26 2022-04-25 2021-04-30
fiscalYear 2024 2023 2022 2021 2020
accountsReceivables 3 679M 7 430M 3 352M 3 477M 3 907M
otherReceivables 8 473M 0 0 0 0
prepaids 1 910M 1 446M 966M 0 0
totalPayables 147 570M 93 141M 68 972M 66 424M 58 357M
otherPayables 27 634M 1 239M 1 676M 1 963M 3 386M
accruedExpenses 11 070M 13 485M 5 850M 3 653M 4 552M
capitalLeaseObligationsCurrent 2 106M 1 642M 602M 427M 253M
capitalLeaseObligationsNonCurrent 3 192M 2 644M 871M 544M 415M
treasuryStock 0 0 0 0 0
additionalPaidInCapital 117 829M 107 293M 99 250M 95 341M 86 699M
otherTotalStockholdersEquity 0 0 0 0 0

Cash Flow Statement

Property 2025 q3 2025 q2 2025 q1 2024 q4 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2 2021 q4 2020 q4
date 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2021-12-31 2020-12-31
symbol PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD PDD
reportedCurrency CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY CNY
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2025-11-18 2025-08-25 2025-05-27 2024-11-21 2024-08-26 2024-03-21 2023-09-30 2023-06-30 2023-03-22 2022-09-30 2022-06-30
acceptedDate 2025-11-18 09:27:36 2025-08-25 16:00:55 2025-05-27 16:31:12 2025-04-28 17:01:20 2024-11-21 16:01:16 2024-08-26 16:01:51 2024-03-20 21:30:13 2024-04-25 07:30:47 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-22 06:00:56 2023-04-26 07:33:40 2022-09-29 20:00:00 2022-06-29 20:00:00 2022-04-25 08:13:41 2021-04-30 07:48:56
calendarYear 2025 2025 2025 2024 2024 2024 2023 2023 2023 2022 2022
period Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 FY FY
netIncome 29 328M 30 753M 14 742M 112 435M 0 32 009M 27 998M 60 027M 15 537M 13 108M 8 101M 31 538M 0 0 7 769M -7 180M
depreciationAndAmortization 0 0 0 2 641M 0 0 0 1 888M 0 0 0 2 735M 0 0 1 844M 800M
deferredIncomeTax 0 0 0 222M 0 0 0 801M 0 0 0 -1 029M 0 0 -213 000 -375M
stockBasedCompensation 0 0 2 174M 9 884M 0 0 2 579M 7 079M 1 470M 1 891M 0 7 718M 0 0 4 775M 3 613M
changeInWorkingCapital 0 0 0 6 663M 0 0 0 26 456M 0 0 0 7 423M 0 0 13 562M 31 050M
accountsReceivables 0 0 0 -92M 0 0 0 -3 326M 0 0 0 86M 0 0 56M 321M
inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 076M 4 977M
accountsPayables 0 0 0 16 885M 0 0 0 11 623M 0 0 0 749M 0 0 8 686M 23 934M
otherWorkingCapital 0 0 0 -10 130M 0 0 0 18 160M 0 0 0 6 588M 0 0 -1 256M 1 817M
otherNonCashItems 16 332M -9 112M -1 399M -9 915M 27 522M 11 783M -9 509M -2 088M 15 531M 8 397M -6 763M -41 353M 11 652M 19 374M 834M 288M
netCashProvidedByOperatingActivities 45 661M 21 642M 15 517M 121 929M 27 522M 43 793M 21 067M 94 163M 32 538M 23 396M 1 338M 7 033M 11 652M 19 374M 28 783M 28 197M
investmentsInPropertyPlantAndEquipment 0 0 0 -967M 0 0 0 -584M 0 0 0 -636M 0 0 -3 287M -43M
acquisitionsNet 0 0 0 0 0 0 0 0 0 0 0 0 0 0 394 000 51 000
purchasesOfInvestments 0 0 0 -267 853M 0 0 0 -189 501M 0 0 0 -170 792M 0 0 -130 268M -93 160M
salesMaturitiesOfInvestments 0 0 0 150 428M 0 0 0 134 524M 0 0 0 149 066M 0 0 97 547M 55 083M
otherInvestingActivites -11 556M -27 022M -6 384M -16 899M -42 622M -28 290M -4 821M -11 520M 0 -356M -8 593M
netCashUsedForInvestingActivites -11 556M -27 022M -6 384M -16 899M -42 622M -28 290M -4 821M -11 520M -22 620M -356M -8 593M
debtRepayment 0 0 0 0 0 0 0 0 0 0 0
commonStockIssued 0 0 0 0 0 0 0 0 0 0 0
commonStockRepurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
dividendsPaid 0 0 0 0 0 0 0 0 0 0 0
otherFinancingActivites 551 000 353 000 219 000 132 000 728 000 30 000 385 000 7M 0 258 000 268 000
netCashUsedProvidedByFinancingActivities 551 000 353 000 219 000 132 000 728 000 30 000 385 000 7M 53 000 258 000 268 000
effectOfForexChangesOnCash -616M 22M -70M 840M -1 052M 241M 148M -291M 201M 881M -348M 15M 250M -51M -145M -140M
netChangeInCash 33 489M -5 358M 9 064M 4 415M 9 572M 1 412M -7 075M 29 479M 27 919M 12 764M -21 630M 3 807M 11 546M 10 730M -8 800M 41 498M
cashAtEndOfPeriod 163 389M 129 900M 135 258M 126 194M 125 688M 116 117M 114 705M 121 780M 111 353M 83 434M 70 670M 13 382M 74 410M 62 864M 66 044M 74 844M
cashAtBeginningOfPeriod 129 900M 135 258M 126 194M 121 780M 116 117M 114 705M 121 780M 92 300M 83 434M 70 670M 92 300M 9 575M 62 864M 52 134M 74 844M 33 346M
operatingCashFlow 45 661M 21 642M 15 517M 121 929M 27 522M 43 793M 21 067M 94 163M 32 538M 23 396M 1 338M 7 033M 11 652M 19 374M 28 783M 28 197M
capitalExpenditure 0 0 0 -967M 0 0 0 -584M 0 0 0 -636M 0 0 -3 287M -43M
freeCashFlow 45 661M 21 642M 15 517M 120 962M 27 522M 43 793M 21 067M 93 579M 32 538M 23 396M 1 338M 6 397M 11 652M 19 374M 25 496M 28 154M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link
filingDate 2025-04-28 2024-04-25 2023-04-26 2022-04-25 2021-04-30
fiscalYear 2024 2023 2022 2021 2020
otherInvestingActivities 36M 130M 19 120M 445M -238M
netCashProvidedByInvestingActivities -118 356M -55 431M -3 242M -35 562M -38 358M
netDebtIssuance -91 000 -8 969M 0 -1 875M 13 930M
longTermNetDebtIssuance -91 000 -8 969M 0 0 13 024M
shortTermNetDebtIssuance 0 0 0 -1 875M 906M
netStockIssuance 0 0 0 0 37 869M
netCommonStockIssuance 0 0 0 0 37 869M
commonStockIssuance 0 0 0 0 37 869M
netPreferredStockIssuance 0 0 0 0 0
netDividendsPaid 0 0 0 0 0
commonDividendsPaid 0 0 0 0 0
preferredDividendsPaid 0 0 0 0 0
otherFinancingActivities 1M 8M 10M 318 000 -6000
netCashProvidedByFinancingActivities 1M -8 961M 10M -1 875M 51 799M
incomeTaxesPaid 17 493M 5 764M 4 881M 0 0
interestPaid 0 0 0 0 0

Earning call transcript

2025 q3
2025-11-18 ET (fiscal 2025 q3)
2025 q2
2025-08-26 ET (fiscal 2025 q2)
2025 q1
2025-05-27 ET (fiscal 2025 q1)
2024 q4
2025-03-20 ET (fiscal 2024 q4)
2024 q3
2024-11-21 ET (fiscal 2024 q3)
2024 q2
2024-08-26 ET (fiscal 2024 q2)
2024 q1
2024-05-22 ET (fiscal 2024 q1)
2023 q4
2024-03-20 ET (fiscal 2023 q4)
2023 q3
2023-11-28 ET (fiscal 2023 q3)
2023 q2
2023-08-29 ET (fiscal 2023 q2)
2023 q1
2023-05-26 ET (fiscal 2023 q1)
2022 q4
2023-03-20 ET (fiscal 2022 q4)
2022 q3
2022-11-28 ET (fiscal 2022 q3)
2022 q2
2022-08-29 ET (fiscal 2022 q2)
2022 q1
2022-05-27 ET (fiscal 2022 q1)

SEC forms

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SEC form 6
2025-12-19 07:40 ET
Pinduoduo published news for 2025 q3
SEC form 6
2025-12-19 07:39 ET
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2025-11-19 08:22 ET
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2025-11-19 08:22 ET
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2025-11-18 09:27 ET
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2025-11-18 09:27 ET
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2025-05-27 20:31 ET
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2025-04-28 00:00 ET
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2025-04-28 00:00 ET
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2025-04-28 00:00 ET
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2025-04-28 00:00 ET
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2025-04-28 00:00 ET
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2025-04-28 00:00 ET
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2025-04-28 00:00 ET
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2025-03-20 16:01 ET
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2024-11-27 16:01 ET
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2024-11-27 16:01 ET
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2024-11-27 16:01 ET
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2024-11-27 16:01 ET
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2024-11-21 16:01 ET
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2024-11-21 16:01 ET
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2024-04-25 00:00 ET
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2024-04-25 00:00 ET
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