Metrics
The numbers behind Dingdong (Cayman) Limited: as-reported financial statements and company metrics for FY2021–FY2025, traced to the source filings. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in RMB millions (¥) unless noted.
Reading notes: Reporting currency is RMB (Renminbi); the company files under U.S. GAAP as a foreign private issuer (Form 20-F). All figures are in RMB millions as filed (the filings print thousands of RMB; values here are divided by 1,000 and rounded). The filings also show a US$ convenience translation, which is not used here. Shares trade on the NYSE as ADSs (2 ADS = 3 ordinary shares) in USD. Each fiscal year is cited to the most recent 20-F that presents it on a consistent (post-reclassification) basis: FY2023–FY2025 income cash-flow columns from the FY2025 20-F; FY2022 from the FY2024 20-F; FY2021 from the FY2023 20-F. Balance sheets: FY2024–FY2025 from the FY2025 20-F, FY2022–FY2023 from the FY2023 20-F, FY2021 from the FY2022 20-F. Per-ordinary-share amounts are as printed. FY2021 basic/diluted loss per share of RMB(34.50) reflects the low pre-IPO weighted-average share count (194.7mn) plus preferred-share accretion in the IPO year and is not comparable with later years. Long-Term Record: FY2019–FY2020 total revenue and net loss are taken from the FY2021 20-F (Form 20-F, three-year comparative columns). FY2019 diluted EPS and FY2019 operating cash flow are omitted (pre-IPO share structure / not extracted). FY2020 operating cash flow is from the FY2022 20-F.
FY2025 at a Glance
Revenue (RMB millions (¥))
Diluted EPS
Source: FY2025 consolidated statements [1] [2] [3]. Click any linked figure to open the filing page with the row highlighted.
Revenue by Type
| Revenue by Type | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Product revenues | 19,897 | 23,939 | 19,721 | 22,743 | 24,018 |
| Service revenues | 224 | 282 | 250 | 323 | 342 |
| Total revenues | 20,121 | 24,221 | 19,971 | 23,066 | 24,360 |
| Total revenues growth, derived | — | +20.4% | -17.5% | +15.5% | +5.6% |
Source: Consolidated Statements of Comprehensive (Loss)/Income — disaggregation of revenue (Note 3) [1] [2] [3]. Click any linked figure to open the filing page with the row highlighted.
Income Statement
Source: Consolidated Statements of Comprehensive (Loss)/Income [1] [2] [3]. Click any linked figure to open the filing page with the row highlighted.
Columns marked E are consensus analyst estimates shown alongside reported results for direct comparison; they are not company guidance.
Estimate source: Yahoo Finance analyst consensus, as of 2026-07-19. Estimate figures link to the consensus source, not to filing pages.
Balance Sheet
| Balance Sheet | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 663 | 1,856 | 1,209 | 887 | 1,107 |
| Short-term investments | 4,568 | 4,637 | 4,100 | 3,562 | 2,870 |
| Inventories, net | 537 | 605 | 472 | 554 | 570 |
| Total current assets | 6,516 | 7,496 | 6,151 | 5,365 | 5,040 |
| Property and equipment, net | 472 | 315 | 189 | 176 | 233 |
| Operating lease right-of-use assets | 2,246 | 1,425 | 1,262 | 1,465 | 1,580 |
| Total assets | 9,420 | 9,382 | 7,699 | 7,118 | 7,016 |
| Accounts payable | 2,059 | 1,887 | 1,422 | 1,660 | 1,920 |
| Short-term borrowings | 3,121 | 4,238 | 3,300 | 1,606 | 872 |
| Total current liabilities | 7,349 | 8,211 | 6,506 | 5,270 | 4,795 |
| Total liabilities | 8,662 | 8,964 | 7,200 | 6,194 | 5,840 |
| Total shareholders' equity | 728 | 310 | 383 | 799 | 1,041 |
Source: Consolidated Balance Sheets (as of December 31) [4] [5] [6] [7]. Click any linked figure to open the filing page with the row highlighted.
Cash Flow
| Cash Flow | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Net cash (used in)/generated from operating activities | (5,667) | 87 | (235) | 929 | 536 |
| Purchases of property and equipment | (452) | (127) | (83) | (98) | (178) |
| Net cash (used in)/generated from investing activities | (4,065) | (47) | 519 | 476 | 430 |
| Repurchase of ordinary shares | (3) | (18) | 0 | (31) | (9) |
| Net cash generated from/(used in) financing activities | 9,043 | 1,112 | (934) | (1,724) | (743) |
| Net increase/(decrease) in cash and cash equivalents and restricted cash | (780) | 1,189 | (649) | (319) | 217 |
| Free cash flow, derived | (6,119) | (40) | (318) | 831 | 358 |
Source: Consolidated Statements of Cash Flows [8] [9] [10] [11]. Click any linked figure to open the filing page with the row highlighted.
Marketplace Scale Fulfillment Network
| Marketplace Scale Fulfillment Network | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| GMV (gross merchandise value) | 22,704 | 26,248 | 21,969 | 25,557 | 26,436 |
| Average order value (RMB per order) | 58.7 | 74.5 | 72.1 | 71.4 | 70.1 |
| Frontline fulfillment stations | 1,300 | 1,100 | 1,000 | 1,000 | 1,100 |
| Cities covered | 35 | 30 | 25 | 25 | 28 |
| Regional processing centers | 60 | 60 | 45 | 40 | 40 |
Source: company filings [12] [13] [14] [15]. Click any linked figure to open the filing page with the row highlighted.
Private-Label Program
| Private-Label Program | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Private-label share of total GMV | — | 16.0% | 20.0% | 20.0% | 20.0% |
| Private-label SKUs | — | 2,200 | 3,000 | 4,000 | 5,000 |
| Private-label brands launched (cumulative) | — | 20 | 30 | 30 | 23 |
Source: company filings [16] [17] [18] [19]. Click any linked figure to open the filing page with the row highlighted.
Profitability Quality of Earnings
| Profitability Quality of Earnings | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Non-GAAP net (loss)/income | (6,114) | (571) | 45 | 423 | 310 |
| Non-GAAP net (loss)/income margin | (30.4%) | (2.4%) | 0.2% | 1.8% | 1.3% |
| Government subsidies recognized (operating + non-operating) | 16.8 | 15.0 | 18.1 | 61.0 | 87.4 |
Source: company filings [20] [13] [21] [22]. Click any linked figure to open the filing page with the row highlighted.
Long-Term Record
| Fiscal year | Total revenues | Net (loss)/income | Diluted (loss)/earnings per ordinary share | Net cash from operating activities |
|---|---|---|---|---|
| FY2019 | 3,880 | (1,873) | — | — |
| FY2020 | 11,336 | (3,177) | — | (2,056) |
| FY2021 | 20,121 | (6,429) | (34.50) | (5,667) |
| FY2022 | 24,221 | (807) | (2.51) | 87 |
| FY2023 | 19,971 | (91) | (0.31) | (235) |
| FY2024 | 23,066 | 304 | 0.90 | 929 |
| FY2025 | 24,360 | 232 | 0.66 | 536 |
Source: consolidated statements across filings; older years from the standardized feed [9] [1] [11] [2]. Click any linked figure to open the filing page with the row highlighted.
Operating KPIs
| KPI | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| GMV (gross merchandise value) | 22,704.1 | 26,247.9 | 21,969.3 | 25,557.4 | 26,436.2 |
Source: company-reported operating metrics [13] [23]. Click any linked figure to open the filing page with the row highlighted.
Analyst Consensus
Current price
Mean target
Median target
High target
Low target
Estimate source: Yahoo Finance analyst consensus, as of 2026-07-19. Estimate figures link to the consensus source, not to filing pages.
Traceability
288 of 289 figures on this page (100%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.
Reporting currency is RMB (Renminbi); the company files under U.S. GAAP as a foreign private issuer (Form 20-F). All figures are in RMB millions as filed (the filings print thousands of RMB; values here are divided by 1,000 and rounded). The filings also show a US$ convenience translation, which is not used here. Shares trade on the NYSE as ADSs (2 ADS = 3 ordinary shares) in USD.
Each fiscal year is cited to the most recent 20-F that presents it on a consistent (post-reclassification) basis: FY2023–FY2025 income cash-flow columns from the FY2025 20-F; FY2022 from the FY2024 20-F; FY2021 from the FY2023 20-F. Balance sheets: FY2024–FY2025 from the FY2025 20-F, FY2022–FY2023 from the FY2023 20-F, FY2021 from the FY2022 20-F.
Per-ordinary-share amounts are as printed. FY2021 basic/diluted loss per share of RMB(34.50) reflects the low pre-IPO weighted-average share count (194.7mn) plus preferred-share accretion in the IPO year and is not comparable with later years.
Long-Term Record: FY2019–FY2020 total revenue and net loss are taken from the FY2021 20-F (Form 20-F, three-year comparative columns). FY2019 diluted EPS and FY2019 operating cash flow are omitted (pre-IPO share structure / not extracted). FY2020 operating cash flow is from the FY2022 20-F.
Quarterly block covers the whole group on a consistent basis (Q1 FY2024–Q4 FY2025), income statement only; each quarter is a single three-month period taken from that quarter's earnings release (unaudited). NOTE: beginning Q1 FY2026 the company reclassified its China business as discontinued operations (planned disposal; overseas business = continuing operations), which breaks comparability with these periods, so Q1 FY2026 is deliberately excluded from the quarterly series.
Segment reporting: the CODM manages the business as a single reportable segment; revenue is disaggregated only into Product revenues and Service revenues (the revenue-breakdown table above), so no separate segment-profit statement is presented.
GMV (gross merchandise value) is an operating metric disclosed in Item 5 of each 20-F; it is larger than reported revenue and is shown as a KPI in RMB millions.
3 figure(s) differed between the data feed and the filing; the filing value is shown (see the run's metrics/metrics_tab.json for the audit trail).