Fangdd Network Group Ltd. DUO
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Market cap
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52-week range
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-1.85
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $50.7M | $46.5M | $40.1M | $35.7M | $147.9M | $375.7M | $517.0M | — |
| Cost of revenue | $41.6M | $38.0M | $34.3M | $32.1M | $131.2M | $312.2M | $408.3M | — |
| Gross profit | $9.1M | $8.5M | $5.8M | $3.6M | $16.7M | $63.5M | $108.7M | — |
| R&D | $3.6M | $3.4M | $4.5M | $9.6M | $26.3M | $46.2M | $104.1M | — |
| SG&A | $23.2M | $20.9M | $38.2M | $28.3M | $130.5M | $46.1M | $74.8M | — |
| Total operating expenses | $28.2M | $25.7M | $43.1M | $39.7M | $166.9M | $98.2M | $185.8M | — |
| Operating income | -$19.1M | -$17.2M | -$37.3M | -$36.2M | -$150.2M | -$34.6M | -$77.1M | — |
| Interest expense | $12.0K | — | — | — | — | — | — | — |
| Pre-tax income | -$15.2M | $2.8M | -$13.4M | -$33.7M | -$187.4M | -$31.7M | -$72.8M | — |
| Income tax | $2.9M | $1.0M | $266.0K | $1.1M | $1.4M | $2.2M | $541.0K | — |
| Net income | -$12.1M | $4.2M | -$12.9M | -$35.4M | -$183.8M | -$33.8M | -$73.3M | — |
| EPS, basic | -1.85 | 0.47 | -0.00 | -0.02 | -0.09 | — | — | — |
| EPS, diluted | -1.85 | 0.47 | -0.00 | -0.02 | -0.09 | -0.02 | -0.17 | — |
| Shares, diluted (wtd. avg.) | 6.5M | 681,396 | 256,539 | 369,533 | 2.02B | 1.99B | 1.09B | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.2M | $12.8M | $19.7M | $25.7M | $74.8M | $146.9M | $204.4M | $114.1M |
| Short-term investments | $16.4M | $15.6M | $2.2M | $290.0K | $965.0K | $1.4M | $1.7M | — |
| Receivables | $21.2M | $26.9M | $44.3M | $68.3M | $138.8M | $345.1M | $314.6M | — |
| Inventory | $718.0K | $737.0K | $1.8M | $1.6M | — | — | — | — |
| Total current assets | $55.8M | $75.2M | $86.3M | $124.5M | $255.4M | $532.6M | $535.8M | — |
| Property, plant and equipment | $4.7M | $2.1M | $256.0K | $440.0K | $2.3M | $2.2M | $1.2M | — |
| Goodwill | — | — | — | $66.0K | — | $4.8M | — | — |
| Other intangibles | $33.5M | $138.0K | — | — | — | $1.1M | — | — |
| Total assets | $112.7M | $100.2M | $108.4M | $156.1M | $300.2M | $620.4M | $628.0M | — |
| Accounts payable | $10.4M | $104.6M | $55.7M | $95.6M | $184.5M | $275.3M | $272.6M | — |
| Short-term debt | — | — | — | $42.5M | — | — | — | — |
| Total current liabilities | $29.9M | $44.7M | $77.4M | $137.7M | $248.1M | $392.0M | $398.1M | — |
| Total liabilities | $29.9M | $47.7M | $81.5M | $142.3M | $252.5M | $395.7M | $399.8M | — |
| Retained earnings | -$672.6M | -$632.7M | -$654.9M | -$660.8M | -$676.9M | -$481.6M | -$419.7M | — |
| Total equity | $82.7M | $52.9M | $27.6M | $14.5M | $49.2M | $221.2M | $228.3M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$8.6M | -$8.3M | -$26.2M | -$18.4M | -$9.5M | -$49.8M | $17.0M | — |
| Depreciation and amortisation | — | — | $98.0K | $398.0K | $1.2M | $579.0K | $696.0K | — |
| Stock-based compensation | — | $2.0K | $15.0K | — | — | — | — | — |
| Capital expenditure | $3.3M | $3.2M | $42.0K | $28.0K | $2.0M | $1.6M | $243.0K | — |
| Investing cash flow | -$6.1M | -$20.0M | $4.4M | -$23.1M | -$6.9M | $895.0K | -$21.8M | — |
| Financing cash flow | $6.9M | $20.1M | $16.9M | -$8.5M | -$48.2M | -$7.1M | $85.2M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-052541.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $517.0M | $375.7M | $147.9M | $35.7M | $40.1M | $46.5M | $50.7M |
| Gross profit | — | $108.7M | $63.5M | $16.7M | $3.6M | $5.8M | $8.5M | $9.1M |
| Net income | — | -$73.3M | -$33.8M | -$183.8M | -$35.4M | -$12.9M | $4.2M | -$12.1M |
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