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PDD

PDD Holdings Inc.

Price Chart
Latest Quote

$78.11

-1.45 (-1.82%)
Current Price
Previous Close $79.56
Open $78.52
Day High $79.50
Day Low $77.81
Volume 8,176,467
Fetched: 2026-06-22T23:18:19
Stock Information
Note: Financial values converted from CNY to USD
Shares Outstanding 1.42B
Total Debt $756.90M
Cash Equivalents $64.44B
Revenue $65.38B
Net Income $14.13B
Sector Consumer Cyclical
Industry Internet Retail
Market Cap $111.18B
P/E Ratio 8.18
EPS (TTM) $9.55
Exchange NMS
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📊 Comprehensive Analysis
Company Data
Enterprise Value$-321.28B
Sales$65.38B
Income$14.13B
Book/sh$44.50
Cash/sh$306.36
Employees25K
Financial Ratios
Quick Ratio2.13
Current Ratio2.54
Debt/Eq1.21
EPS Growth TTM-14.90%
Returns & Margins
ROA10.33%
ROE25.40%
Gross Margin55.98%
Operating Margin18.42%
Profit Margin21.62%
Ownership
Insider Ownership0.66%
Institutional Ownership31.78%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E6.30
PEG0.74
P/S0.25
P/B1.76
Analyst Data
Recommendationbuy
Target Price$118.17
Technical Indicators
SMA20$84.45
SMA50$93.31
SMA200$110.36
RSI22.28
ATR2.3414
Shares Float753.15M
Short Float3.99%
Short Ratio3.23
Volatility-0.03
Rel Volume0.65
Performance History
Week-4.23%
Month-20.42%
Quarter-18.80%
6 Months-25.61%
YTD-32.52%
Year-23.61%
3 Years-0.71%
5 Years-35.77%
10 Years+192.55%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-22 $78.11 8,176,467
2026-06-18 $79.56 11,026,100
2026-06-17 $79.86 5,454,600
2026-06-16 $81.59 7,925,600
2026-06-15 $83.55 7,589,400
2026-06-12 $81.56 6,117,300
2026-06-11 $81.30 10,188,500
2026-06-10 $81.82 5,680,400
2026-06-09 $81.93 7,162,200
2026-06-08 $82.62 9,416,600
2026-06-05 $85.07 7,418,500
2026-06-04 $85.88 7,072,100
2026-06-03 $85.40 10,755,900
2026-06-02 $88.18 8,915,900
2026-06-01 $87.24 14,075,800
2026-05-29 $84.44 35,211,300
2026-05-28 $83.03 27,541,500
2026-05-27 $86.61 40,364,400
2026-05-26 $96.64 9,274,300
About PDD Holdings Inc.

PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. The company operates Pinduoduo platform, which provides various product categories and interactive shopping experiences; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $27,828,394,735 $22,684,113,307 $13,519,577,370 $4,637,378,807
Cost Of Revenue $27,828,394,735 $22,684,113,307 $13,519,577,370 $4,637,378,807
Total Revenue $63,651,808,180 $58,049,388,812 $36,500,728,617 $19,243,508,414
Operating Revenue $63,651,808,180 $58,049,388,812 $36,500,728,617 $19,243,508,414
Expenses
Interest Expense $0 $0 $6,483,455 $7,613,678
Total Expenses $49,929,039,133 $42,068,423,836 $27,848,836,918 $14,762,423,652
Other Income Expense $112,065,880 $546,497,579 $440,459,851 $305,350,122
Other Non Operating Income Expenses $401,935,717 $459,849,193 $435,194,762 $327,416,596
Net Non Operating Interest Income Expense $3,770,925,903 $3,029,477,785 $1,502,556,197 $581,538,037
Interest Expense Non Operating $0 $0 $6,483,455 $7,613,678
Operating Expense $22,100,644,398 $19,384,310,529 $14,329,259,549 $10,125,044,846
Selling And Marketing Expense $18,466,788,427 $16,405,118,688 $12,114,211,234 $8,009,981,050
General And Administrative Expense $1,202,407,342 $1,113,267,985 $600,725,449 $584,410,762
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $14,421,480,489 $16,572,261,285 $8,847,599,847 $4,648,546,025
Net Interest Income $3,770,925,903 $3,029,477,785 $1,502,556,197 $581,538,037
Interest Income $3,770,925,903 $3,029,477,785 $1,509,039,652 $589,151,715
Normalized Income $14,658,594,015 $16,498,870,102 $8,843,203,498 $4,667,743,858
Net Income From Continuing And Discontinued Operation $14,421,480,489 $16,572,261,285 $8,847,599,847 $4,648,546,025
Total Operating Income As Reported $13,722,769,047 $15,980,964,976 $8,651,891,698 $4,481,084,761
Average Dilution Earnings $0 $0 $6,483,455 $7,613,678
Net Income Common Stockholders $14,421,480,489 $16,572,261,285 $8,847,599,847 $4,648,546,025
Net Income $14,421,480,489 $16,572,261,285 $8,847,599,847 $4,648,546,025
Net Income Including Noncontrolling Interests $14,421,480,489 $16,572,261,285 $8,847,599,847 $4,648,546,025
Net Income Continuous Operations $14,421,480,489 $16,572,261,285 $8,847,599,847 $4,648,546,025
Earnings From Equity Interest Net Of Tax $19,014,665 $2,538,875 $-693,787 $-22,888,200
Pretax Income $17,605,760,831 $19,556,940,339 $10,594,907,746 $5,367,972,921
Interest Income Non Operating $3,770,925,903 $3,029,477,785 $1,509,039,652 $589,151,715
Operating Income $13,722,769,047 $15,980,964,976 $8,651,891,698 $4,481,084,761
Gross Profit $35,823,413,445 $35,365,275,505 $22,981,151,247 $14,606,129,607
Per Share
Diluted EPS $9.88 $11.20 $6.07 $3.23
Basic EPS $10.48 $11.97 $6.53 $3.68
Other
Tax Effect Of Unusual Items $-52,756,310 $13,257,203 $868,740 $-2,868,642
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $18,337,868,689 $19,859,544,938 $10,874,437,691 $5,800,790,204
Total Unusual Items $-289,869,837 $86,648,386 $5,265,089 $-22,066,474
Total Unusual Items Excluding Goodwill $-289,869,837 $86,648,386 $5,265,089 $-22,066,474
Reconciled Depreciation $442,238,022 $389,252,985 $278,311,579 $403,137,132
EBITDA (Bullshit earnings) $18,047,998,853 $19,946,193,324 $10,879,702,780 $5,778,723,730
EBIT $17,605,760,831 $19,556,940,339 $10,601,391,201 $5,375,586,598
Diluted Average Shares $218,497,152 $218,018,709 $215,182,759 $212,296,069
Basic Average Shares $206,018,488 $203,996,195 $199,576,452 $186,363,762
Diluted NI Availto Com Stockholders $14,421,480,489 $16,572,261,285 $8,854,083,302 $4,656,159,703
Tax Provision $3,203,295,007 $2,987,217,929 $1,746,614,112 $696,538,695
Gain On Sale Of Security $-289,869,837 $86,648,386 $5,265,089 $-22,066,474
Research And Development $2,431,448,629 $1,865,923,856 $1,614,322,866 $1,530,653,034
Selling General And Administration $19,669,195,769 $17,518,386,673 $12,714,936,683 $8,594,391,812
Other Gand A $1,202,407,342 $1,113,267,985 $600,725,449 $584,410,762
Fetched: 2026-06-08
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $60,928,550,294 $46,177,896,558 $27,595,320,238 $17,339,067,498
Total Assets $92,865,251,269 $74,439,426,950 $51,304,901,401 $34,950,245,677
Total Non Current Assets $16,370,319,073 $13,175,043,080 $7,860,217,478 $3,021,899,334
Other Non Current Assets $15,433,371,369 $12,293,792,329 $7,067,768,256 $2,485,388,194
Non Current Deferred Assets $25,345,861 $2,358,022 $39,905,371 $154,031,977
Non Current Deferred Taxes Assets $25,345,861 $2,358,022 $39,905,371 $154,031,977
Goodwill And Other Intangible Assets $2,267,964 $2,825,558 $3,117,105 $19,751,197
Current Assets $76,494,932,196 $61,264,383,870 $43,444,683,923 $31,928,346,343
Other Current Assets $219,143,036 $235,734,531 $225,318,288 $117,773,449
Restricted Cash $10,882,278,799 $10,085,690,142 $9,136,330,322 $8,545,098,719
Prepaid Assets $416,132,783 $281,531,566 $213,095,870 $155,258,892
Receivables $2,731,338,953 $1,791,224,471 $1,854,341,574 $1,083,722,699
Taxes Receivable $445,861,133 $103,033,822 $128,468,267 $48,113,639
Accrued Interest Receivable $28,236,125 $30,221,975 $54,094,035 $17,623,111
Accounts Receivable $753,058,996 $542,310,977 $576,920,453 $86,623,329
Cash Cash Equivalents And Short Term Investments $62,246,038,625 $48,870,203,159 $32,015,597,868 $22,026,492,585
Cash And Cash Equivalents $16,051,379,152 $8,514,710,041 $8,813,393,201 $5,059,501,861
Other Intangible Assets - - $3,117,105 $19,751,197
Inventory - - - -
Debt
Total Debt $792,806,359 $1,563,437,173 $1,498,400,843 $2,496,031,130
Long Term Debt And Capital Lease Obligation $424,519,399 $470,420,053 $1,160,849,381 $360,606,807
Current Debt And Capital Lease Obligation $368,286,960 $1,093,017,120 $337,551,462 $2,135,424,322
Current Debt - $782,606,935 $95,595,839 $2,046,687,353
Other Current Borrowings - $782,606,935 $95,595,839 $2,046,687,353
Long Term Debt - - $771,099,234 $232,258,077
Net Debt - - - -
Liabilities
Total Liabilities Net Minority Interest $31,934,433,011 $28,258,704,833 $23,706,464,058 $17,591,426,982
Total Non Current Liabilities Net Minority Interest $430,688,019 $486,157,984 $1,169,667,864 $362,526,624
Non Current Deferred Liabilities $6,168,619 $15,737,931 $8,818,483 $1,919,817
Non Current Deferred Taxes Liabilities $6,168,619 $15,737,931 $8,818,483 $1,919,817
Current Liabilities $31,503,744,993 $27,772,546,849 $22,536,796,194 $17,228,900,358
Other Current Liabilities $3,455,146,568 $2,862,329,734 $3,200,045,246 $2,484,264,898
Current Deferred Liabilities $498,015,895 $434,378,489 $316,104,341 $204,827,907
Payables And Accrued Expenses $27,182,295,569 $23,382,821,506 $18,683,095,145 $12,404,383,230
Payables $25,600,167,852 $21,751,092,789 $16,695,434,100 $11,542,105,284
Other Payable $720,826,556 $593,536,858 $471,679,247 $348,547,850
Total Tax Payable $4,073,584,302 $3,361,384,026 $2,495,187,884 $1,027,458,128
Accounts Payable $20,645,606,660 $17,677,982,067 $13,545,977,840 $9,919,008,007
Other Non Current Liabilities - - - -
Equity
Common Stock Equity $60,930,818,258 $46,180,722,116 $27,598,437,343 $17,358,818,695
Total Equity Gross Minority Interest $60,930,818,258 $46,180,722,116 $27,598,437,343 $17,358,818,695
Stockholders Equity $60,930,818,258 $46,180,722,116 $27,598,437,343 $17,358,818,695
Gains Losses Not Affecting Retained Earnings $509,093,351 $1,188,329,961 $711,878,808 $490,417,546
Other Equity Adjustments $509,093,351 $1,188,329,961 $711,878,808 $490,417,546
Retained Earnings $41,884,200,099 $27,624,939,516 $11,072,089,830 $2,239,374,203
Other
Ordinary Shares Number $839,204,890 $820,780,542 $811,185,922 $778,001,053
Share Issued $839,204,890 $820,780,542 $811,185,922 $778,001,053
Tangible Book Value $60,928,550,294 $46,177,896,558 $27,595,320,238 $17,339,067,498
Invested Capital $60,930,818,258 $46,963,329,051 $28,465,132,416 $19,637,764,125
Working Capital $44,991,187,203 $33,491,837,020 $20,907,887,729 $14,699,445,985
Capital Lease Obligations $792,806,359 $780,830,238 $631,705,770 $217,085,700
Total Capitalization $60,930,818,258 $46,180,722,116 $28,369,536,577 $17,591,076,772
Additional Paid In Capital $18,537,497,982 $17,367,426,109 $15,814,442,616 $14,629,001,888
Capital Stock $26,826 $26,531 $26,089 $25,057
Common Stock $26,826 $26,531 $26,089 $25,057
Long Term Capital Lease Obligation $424,519,399 $470,420,053 $389,750,147 $128,348,730
Current Deferred Revenue $498,015,895 $434,378,489 $316,104,341 $204,827,907
Current Capital Lease Obligation $368,286,960 $310,410,185 $241,955,623 $88,736,970
Current Accrued Expenses $1,582,127,717 $1,631,728,716 $1,987,661,045 $862,277,946
Dueto Related Parties Current $160,150,335 $118,189,839 $182,589,128 $247,091,299
Net PPE $909,333,880 $876,067,171 $749,426,746 $362,727,966
Accumulated Depreciation $-662,459,251 $-578,582,330 $-477,565,163 $-379,875,139
Gross PPE $1,571,793,131 $1,454,649,500 $1,226,991,909 $742,603,104
Leases $29,578,597 $18,976,047 $10,272,090 $4,458,545
Other Properties $716,829,799 $746,458,952 $605,039,252 $208,722,962
Machinery Furniture Equipment $825,384,735 $689,214,501 $611,680,567 $529,421,598
Properties $0 $0 $0 $0
Duefrom Related Parties Current $1,504,182,698 $1,115,657,697 $1,094,858,818 $931,362,621
Other Short Term Investments $46,194,659,473 $40,355,493,119 $23,202,204,667 $16,966,990,723
Fetched: 2026-06-08
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $15,593,427,371 $17,829,191,434 $13,793,005,760 $7,056,104,612
Operating Activities
Operating Cash Flow $15,762,205,755 $17,971,742,389 $13,879,066,483 $7,149,805,838
Cash Flow From Continuing Operating Activities $15,762,205,755 $17,971,742,389 $13,879,066,483 $7,149,805,838
Operating Gains Losses $271,306,495 $-88,618,612 $-4,312,624 $46,531,356
Investing Activities
Capital Expenditure $-168,778,384 $-142,550,955 $-86,060,723 $-93,701,226
Investing Cash Flow $-6,400,358,751 $-17,445,063,071 $-8,170,281,580 $-3,295,993,654
Cash Flow From Continuing Investing Activities $-6,400,358,751 $-17,445,063,071 $-8,170,281,580 $-3,295,993,654
Net Other Investing Changes $-29,442,699 $5,260,815 $19,196,550 -
Financing Activities
Financing Cash Flow $-770,484,598 $171,568 $-1,320,749,588 $1,485,592
Cash Flow From Continuing Financing Activities $-770,484,598 $171,568 $-1,320,749,588 $1,485,592
Net Other Financing Charges $200,899 $184,980 $1,207,311 $1,485,592
Issuance Of Capital Stock - - - $0
Net Common Stock Issuance - - - $0
Common Stock Issuance - - - $0
Other
Repayment Of Debt $-770,685,497 $-13,413 $-1,321,956,898 $0
Income Tax Paid Supplemental Data $3,184,112,901 $2,578,351,710 $849,647,686 $719,471,113
End Cash Position $26,933,657,951 $18,600,400,182 $17,949,723,524 $13,604,600,581
Beginning Cash Position $18,600,400,182 $17,949,723,524 $13,604,600,581 $9,734,537,236
Effect Of Exchange Rate Changes $-258,104,638 $123,825,773 $-42,912,372 $14,765,568
Changes In Cash $8,591,362,406 $526,850,885 $4,388,035,315 $3,855,297,776
Net Issuance Payments Of Debt $-770,685,497 $-13,413 $-1,321,956,898 $0
Net Long Term Debt Issuance $-770,685,497 $-13,413 $-1,321,956,898 $0
Long Term Debt Payments $-770,685,497 $-13,413 $-1,321,956,898 $0
Net Investment Purchase And Sale $-6,202,137,669 $-17,307,772,931 $-8,103,417,408 $-3,202,298,323
Sale Of Investment $35,150,884,477 $22,172,324,105 $19,828,076,298 $21,971,576,086
Purchase Of Investment $-41,353,022,145 $-39,480,097,037 $-27,931,493,706 $-25,173,874,409
Net PPE Purchase And Sale $-168,778,384 $-142,550,955 $-86,060,723 $-93,695,331
Purchase Of PPE $-168,778,384 $-142,550,955 $-86,060,723 $-93,701,226
Change In Working Capital $1,085,871,568 $982,149,117 $3,899,515,034 $1,094,172,695
Change In Other Working Capital $63,637,406 $118,274,149 $111,276,434 $32,852,972
Change In Other Current Liabilities $-311,977,139 $-277,080,243 $-144,120,857 $-71,938,091
Change In Other Current Assets $-1,850,389,919 $-3,124,216,081 $-2,069,590,292 $-5,083,941
Change In Payables And Accrued Expense $4,122,928,540 $4,455,672,278 $6,698,161,965 $1,100,560,785
Change In Accrued Expense $1,821,747,132 $2,031,282,828 $5,049,474,152 $1,032,352,814
Change In Payable $2,301,181,408 $2,424,389,450 $1,648,687,814 $68,207,971
Change In Account Payable $2,259,220,912 $2,488,788,739 $1,713,189,985 $110,453,676
Change In Prepaid Assets $-354,718,975 $-176,897,036 $-44,335,026 $330,010,892
Change In Receivables $-583,608,344 $-13,603,950 $-651,877,189 $-292,229,922
Changes In Account Receivables $-224,562,301 $7,194,929 $-490,297,125 $12,681,995
Other Non Cash Items $-114,116,731 $-416,751,841 $-193,204,796 $-81,773,450
Stock Based Compensation $1,169,868,174 $1,456,785,840 $1,043,377,355 $1,137,646,788
Unrealized Gain Loss On Investment Securities $-1,533,773,971 $-1,004,709,806 $-149,380,935 $35,704,324
Provisionand Write Offof Assets $46,146,950 $48,625,836 $39,083,055 $17,449,185
Deferred Tax $-26,815,239 $32,747,585 $118,077,966 $-151,608,217
Deferred Income Tax $-26,815,239 $32,747,585 $118,077,966 $-151,608,217
Depreciation Amortization Depletion $442,238,022 $389,252,985 $278,311,579 $403,137,132
Depreciation And Amortization $442,238,022 $389,252,985 $278,311,579 $403,137,132
Depreciation $442,238,022 $389,252,985 $278,311,579 $403,137,132
Earnings Losses From Equity Investments $-19,014,665 $-2,538,875 $693,787 $22,888,200
Net Foreign Currency Exchange Gain Loss $289,869,837 $-86,648,386 $-5,265,089 $22,066,474
Gain Loss On Sale Of PPE $451,323 $568,649 $258,678 $1,576,682
Net Income From Continuing Operations $14,421,480,489 $16,572,261,285 $8,847,599,847 $4,648,546,025
Sale Of PPE - $79,593 $66,328 $5,896
Net Short Term Debt Issuance - - $0 $0
Short Term Debt Payments - - $0 $0
Amortization Cash Flow - - $16,834,696 $89,707,122
Amortization Of Intangibles - - $16,834,696 $89,707,122
Issuance Of Debt - - - $0
Short Term Debt Issuance - - - $0
Long Term Debt Issuance - - - $0
Fetched: 2026-06-08