PDD (PDD) Financials

$98.29 +0.41 (+0.42%)

Closing price 04:00 PM Eastern

Extended Trading

$98.16 -0.13 (-0.13%)

As of 07:59 PM Eastern

Annual Income Statements for PDD

This table shows PDD's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Net Income / (Loss) Attributable to Common Shareholders	15,403	8,455	4,573	1,219	-1,104	-1,000	-1,499	-77	-46
Consolidated Net Income / (Loss)	15,403	8,455	4,573	1,219	-1,104	-1,000	-1,487	-81	-42
Net Income / (Loss) Continuing Operations	15,403	8,455	4,573	1,219	-1,104	-1,000	-1,487	-81	-42
Total Pre-Tax Income	18,178	10,124	5,280	1,484	-1,117	-1,004	-1,487	-81	-42
Total Operating Income	14,854	8,268	4,408	1,082	-1,443	-1,226	-1,572	-91	-41
Total Gross Profit	32,871	21,960	14,367	9,766	6,185	3,418	1,487	157	-10
Total Revenue	53,955	34,879	18,929	14,743	9,150	4,328	1,910	268	72
Operating Revenue	53,955	34,879	18,929	14,743	9,150	4,328	1,910	268	72
Total Cost of Revenue	21,084	12,919	4,562	4,977	2,965	910	423	111	83
Operating Cost of Revenue	21,084	12,919	4,562	4,977	2,965	910	423	111	83
Total Operating Expenses	18,017	13,693	9,960	8,683	7,628	4,643	3,059	248	31
Selling, General & Admin Expense	1,035	574	575	242	232	186	940	20	2.12
Marketing Expense	15,248	11,576	7,879	7,030	6,336	3,902	1,956	206	24
Research & Development Expense	1,734	1,543	1,506	1,411	1,060	556	162	20	4.22
Total Other Income / (Expense), net	3,324	1,857	872	402	326	221	85	11	-0.83
Interest Expense	0.00	6.20	7.49	193	116	21	0.00	0.00	-
Interest & Investment Income	2,816	1,442	580	480	378	221	85	12	0.64
Other Income / (Expense), net	508	421	300	114	64	21	-0.34	-1.56	-1.47
Income Tax Expense	2,777	1,669	685	303	0.00	0.00	0.00	0.00	0.00
Other Gains / (Losses), net	2.36	-0.66	-23	39	13	4.12	0.00	0.00	0.00
Basic Earnings per Share	$0.38	$1.56	$6.24	$1.55	($1.51)	($1.51)	($3.47)	($0.04)	($0.18)
Weighted Average Basic Shares Outstanding	5.54M	5.42B	5.06B	5.01B	4.77B	4.63B	2.97B	1.76B	1.82B
Diluted Earnings per Share	$0.36	$1.45	$5.48	$1.36	($1.51)	($1.51)	($3.47)	($0.04)	($0.18)
Weighted Average Diluted Shares Outstanding	5.92M	5.84B	5.76B	5.71B	4.77B	4.63B	2.97B	1.76B	1.82B
Weighted Average Basic & Diluted Shares Outstanding	5.57B	5.50B	5.28B	-	5.06B	4.65B	4.46B	-	-

No quarterly income statements for PDD are available.

This table details how cash moves in and out of PDD's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Net Change in Cash & Equivalents	605	4,152	3,807	-1,381	6,383	403	2,636	1,705	155
Net Cash From Operating Activities	16,704	13,263	7,033	4,517	4,337	2,128	1,131	1,486	126
Net Cash From Continuing Operating Activities	16,704	13,263	7,033	4,517	4,337	2,128	1,130	1,486	126
Net Income / (Loss) Continuing Operations	15,403	8,455	4,573	1,219	-1,104	-1,000	-1,487	-81	-42
Consolidated Net Income / (Loss)	15,403	8,455	4,573	1,219	-1,104	-1,000	-1,487	-81	-42
Depreciation Expense	97	111	322	235	100	92	72	0.35	0.11
Amortization Expense	265	155	74	55	23	11	0.00	-	-
Non-Cash Adjustments To Reconcile Net Income	-734	583	1,269	2,436	4,988	2,843	2,476	1,589	169
Changes in Operating Assets and Liabilities, net	1,673	3,959	795	572	330	183	69	-22	-1.11
Net Cash From Investing Activities	-16,215	-7,807	-3,242	-5,581	-5,900	-4,066	-1,099	11	-44
Net Cash From Continuing Investing Activities	-16,215	-7,807	-3,242	-5,581	-5,900	-4,066	-1,099	11	-44
Purchase of Property, Plant & Equipment	-132	-82	-92	-516	-6.62	-3.94	-3.98	-1.37	-0.33
Purchase of Investments	-36,696	-26,691	-24,763	-20,442	-14,365	-7,623	-1,126	-238	-48
Sale of Property, Plant & Equipment	0.07	0.06	0.01	0.06	0.01	0.07	0.01	0.06	0.00
Sale and/or Maturity of Investments	20,609	18,947	21,613	15,307	8,472	3,560	31	251	4.30
Other Investing Activities, net	4.82	18	0.00	70	0.00	0.00	-	-	-
Net Cash From Financing Activities	0.16	-1,262	1.46	-294	7,967	2,276	2,524	215	70
Net Cash From Continuing Financing Activities	0.16	-1,262	1.46	-294	7,967	2,276	2,524	215	70
Repayment of Debt	0.16	-1,262	0.00	-294	-142	0.00	0.00	0.00	-
Effect of Exchange Rate Changes	115	-41	15	-23	-22	65	80	-7.32	-
Cash Interest Received	1,292	1,024	517	461	289	174	63	8.00	-
Cash Income Taxes Paid	2,397	812	708	0.00	0.00	-	-	-	-

No quarterly cash flow statements for PDD are available.

This table presents PDD's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017
Total Assets	69,189	49,026	34,379	28,436	24,441	10,920	6,285	2,043
Total Current Assets	56,944	41,515	31,407	25,250	22,998	10,481	5,879	2,016
Cash & Equivalents	7,914	8,422	4,977	1,008	3,448	828	2,061	469
Restricted Cash	9,374	8,730	8,405	9,355	8,063	3,959	2,384	1,438
Short-Term Investments	37,509	22,171	16,690	13,576	9,928	5,067	1,111	7.67
Accounts Receivable	1,037	1,046	916	667	652	340	148	68
Prepaid Expenses	605	593	333	537	794	136	139	20
Other Current Assets	504	551	85	106	112	151	36	14
Plant, Property, & Equipment, net	120	138	151	346	31	5.93	4.23	1.42
Total Noncurrent Assets	12,125	7,373	2,821	2,840	1,412	433	402	26
Intangible Assets	2.63	2.98	19	110	196	286	375	0.00
Noncurrent Deferred & Refundable Income Taxes	2.19	38	152	4.94	0.00	-	-	-
Other Noncurrent Operating Assets	12,121	7,332	2,650	2,725	1,216	146	27	0.77
Total Liabilities & Shareholders' Equity	69,189	49,026	34,379	28,436	24,441	10,920	6,285	2,043
Total Liabilities	26,266	22,653	17,304	16,649	15,186	7,381	3,546	1,858
Total Current Liabilities	25,814	21,536	16,947	14,708	12,902	6,571	3,546	1,858
Short-Term Debt	727	91	2,013	0.00	287	129	0.00	-
Accounts Payable	9,472	7,796	3,039	308	521	216	70	12
Customer Deposits	2,255	2,377	2,183	2,131	1,681	1,126	610	273
Current Deferred Revenue	404	302	201	183	373	87	28	8.66
Other Current Liabilities	12,955	10,969	9,510	9,876	8,319	4,313	2,515	1,510
Total Noncurrent Liabilities	452	1,118	357	1,940	2,284	810	0.00	0.00
Long-Term Debt	0.00	737	228	1,850	2,220	748	0.00	-
Noncurrent Deferred & Payable Income Tax Liabilities	15	8.43	1.89	4.91	0.00	-	-	-
Other Noncurrent Operating Liabilities	437	372	126	0.16	0.45	1.06	0.00	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Total Equity & Noncontrolling Interests	42,924	26,372	17,075	11,787	9,255	3,539	2,740	-152
Total Preferred & Common Equity	42,924	26,372	17,075	11,787	9,255	3,539	2,740	-152
Total Common Equity	42,924	26,372	17,075	11,787	9,255	3,539	2,740	-152
Common Stock	16,143	15,112	14,390	14,961	13,335	5,958	4,238	9.42
Retained Earnings	25,677	10,580	2,203	-2,779	-3,918	-2,627	-1,649	-158
Accumulated Other Comprehensive Income / (Loss)	1,072	665	482	-395	-161	208	151	-3.54
Other Equity Adjustments	33	15	0.72	0.00	-	-	-	-

This table presents PDD's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q4 2022
Period end date	12/31/2023	12/31/2022
Total Assets	49,026	34,379
Total Current Assets	41,515	31,407
Cash & Equivalents	8,422	4,977
Restricted Cash	8,730	8,405
Short-Term Investments	22,171	16,690
Accounts Receivable	1,046	916
Prepaid Expenses	593	333
Other Current Assets	551	85
Plant, Property, & Equipment, net	138	151
Total Noncurrent Assets	7,373	2,821
Intangible Assets	2.98	19
Noncurrent Deferred & Refundable Income Taxes	38	152
Other Noncurrent Operating Assets	7,332	2,650
Total Liabilities & Shareholders' Equity	49,026	34,379
Total Liabilities	22,653	17,304
Total Current Liabilities	21,536	16,947
Short-Term Debt	91	2,013
Accounts Payable	7,796	3,039
Customer Deposits	2,377	2,183
Current Deferred Revenue	302	201
Other Current Liabilities	10,969	9,510
Total Noncurrent Liabilities	1,118	357
Long-Term Debt	737	228
Noncurrent Deferred & Payable Income Tax Liabilities	8.43	1.89
Other Noncurrent Operating Liabilities	372	126
Commitments & Contingencies	0.00	0.00
Total Equity & Noncontrolling Interests	26,372	17,075
Total Preferred & Common Equity	26,372	17,075
Total Common Equity	26,372	17,075
Common Stock	15,112	14,390
Retained Earnings	10,580	2,203
Accumulated Other Comprehensive Income / (Loss)	665	482
Other Equity Adjustments	15	0.72

This table displays calculated financial ratios and metrics derived from PDD's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	54.69%	84.26%	28.40%	61.12%	111.43%	126.62%	613.56%	269.68%	0.00%
EBITDA Growth	75.60%	75.41%	243.55%	218.38%	-13.82%	26.47%	-1,519.35%	-118.47%	0.00%
EBIT Growth	76.81%	84.54%	293.50%	186.81%	-14.39%	23.36%	-1,591.11%	-118.73%	0.00%
NOPAT Growth	82.27%	80.00%	345.55%	185.25%	-17.69%	22.01%	-1,619.62%	-122.74%	0.00%
Net Income Growth	82.19%	84.90%	275.09%	210.40%	-10.39%	32.73%	-1,745.60%	-92.46%	0.00%
EPS Growth	-75.42%	-73.54%	302.94%	190.07%	0.00%	56.48%	-1,139.29%	76.11%	0.00%
Operating Cash Flow Growth	25.95%	88.58%	55.71%	4.15%	103.80%	88.21%	-23.93%	1,078.21%	0.00%
Free Cash Flow Firm Growth	40.32%	89.16%	198.53%	-54.59%	89.41%	12,104.54%	-100.85%	0.00%	0.00%
Invested Capital Growth	8.05%	-12.72%	-5.26%	-6.28%	-78.77%	-90.95%	-62.79%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	60.92%	62.96%	75.90%	66.24%	67.59%	78.97%	77.86%	58.56%	-14.46%
EBITDA Margin	29.14%	25.67%	26.97%	10.08%	-13.72%	-25.48%	-78.54%	-34.61%	-58.57%
Operating Margin	27.53%	23.70%	23.29%	7.34%	-15.77%	-28.33%	-82.32%	-34.16%	-56.69%
EBIT Margin	28.47%	24.91%	24.87%	8.12%	-15.06%	-27.84%	-82.33%	-34.74%	-58.72%
Profit (Net Income) Margin	28.55%	24.24%	24.16%	8.27%	-12.07%	-23.12%	-77.87%	-30.11%	-57.83%
Tax Burden Percent	84.74%	83.51%	86.60%	82.16%	98.85%	99.59%	100.00%	100.00%	100.00%
Interest Burden Percent	118.33%	116.53%	112.15%	124.01%	81.05%	83.37%	94.58%	86.67%	98.50%
Effective Tax Rate	15.27%	16.49%	12.98%	20.45%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	44.46%	38.92%	31.69%	10.34%	-17.26%	-31.87%	-101.70%	-43.58%	0.00%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	25.99%	20.83%	14.99%	4.21%	-7.80%	-14.01%	-37.76%	-4.55%	0.00%
Return on Assets (ROA)	26.06%	20.27%	14.56%	4.29%	-6.25%	-11.63%	-35.71%	-3.94%	0.00%
Return on Common Equity (ROCE)	44.46%	38.92%	31.69%	10.34%	-17.26%	-31.87%	-89.98%	35.88%	0.00%
Return on Equity Simple (ROE_SIMPLE)	35.89%	32.06%	26.78%	10.34%	-11.93%	-28.27%	-54.28%	52.94%	0.00%
Net Operating Profit after Tax (NOPAT)	12,585	6,905	3,836	861	-1,010	-858	-1,100	-64	-29
NOPAT Margin	23.32%	19.80%	20.26%	5.84%	-11.04%	-19.83%	-57.62%	-23.91%	-39.68%
Net Nonoperating Expense Percent (NNEP)	6.09%	4.67%	2.96%	1.75%	-0.68%	-1.97%	-10.35%	-1.73%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	28.83%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	39.08%	37.04%	24.10%	33.76%	32.41%	21.03%	22.14%	41.44%	114.46%
SG&A Expenses to Revenue	1.92%	1.65%	3.04%	1.64%	2.53%	4.30%	49.21%	7.64%	2.93%
R&D to Revenue	3.21%	4.42%	7.95%	9.57%	11.58%	12.84%	8.51%	7.41%	5.83%
Operating Expenses to Revenue	33.39%	39.26%	52.62%	58.90%	83.36%	107.30%	160.17%	92.71%	42.23%
Earnings before Interest and Taxes (EBIT)	15,362	8,688	4,708	1,196	-1,378	-1,205	-1,572	-93	-43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	15,724	8,954	5,105	1,486	-1,255	-1,103	-1,500	-93	-42
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.11	7.32	6.04	6.13	22.32	11.91	0.70	0.00	0.00
Price to Tangible Book Value (P/TBV)	3.11	7.32	6.05	6.18	22.80	12.95	0.81	0.00	0.00
Price to Revenue (P/Rev)	2.47	5.54	5.45	4.90	22.57	9.73	1.01	6.08	22.47
Price to Earnings (P/E)	8.66	22.84	22.55	59.24	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	11.54%	4.38%	4.43%	1.69%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.47	4.43	3.98	3.41	20.51	7.67	0.00	0.18	0.00
Enterprise Value to EBITDA (EV/EBITDA)	5.05	17.26	14.75	33.79	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	5.17	17.79	15.99	41.97	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	6.31	22.39	19.63	58.32	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	4.75	11.65	10.70	11.12	43.27	15.61	0.00	0.03	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	6.84	18.68	17.21	34.27	58.17	19.50	0.00	0.03	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.02	0.03	0.13	0.16	0.28	0.27	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.03	0.01	0.16	0.25	0.23	0.00	0.00	0.00
Financial Leverage	-1.34	-1.53	-1.73	-1.73	-2.17	-2.31	-2.55	-10.36	0.00
Leverage Ratio	1.71	1.92	2.18	2.41	2.76	2.74	2.85	11.05	0.00
Compound Leverage Factor	2.02	2.24	2.44	2.99	2.24	2.28	2.69	9.58	0.00
Debt to Total Capital	1.67%	3.04%	11.60%	14.10%	21.74%	20.96%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	1.67%	0.34%	10.42%	0.00%	2.43%	2.88%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	2.71%	1.18%	14.10%	19.31%	18.07%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	182.32%	0.00%
Common Equity to Total Capital	98.33%	96.96%	88.40%	85.90%	78.26%	79.04%	100.00%	-82.32%	0.00%
Debt to EBITDA	0.05	0.09	0.44	1.30	-2.05	-0.85	0.00	0.00	0.00
Net Debt to EBITDA	-3.44	-4.30	-5.45	-14.81	15.03	8.08	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.08	0.04	1.30	-1.82	-0.73	0.00	0.00	0.00
Debt to NOPAT	0.06	0.12	0.58	2.25	-2.55	-1.09	0.00	0.00	0.00
Net Debt to NOPAT	-4.30	-5.58	-7.26	-25.56	18.68	10.39	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.11	0.06	2.25	-2.26	-0.94	0.00	0.00	0.00
Altman Z-Score	5.62	7.20	5.17	3.57	8.62	3.55	-0.12	0.49	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.53%	182.32%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	2.21	1.93	1.85	1.72	1.78	1.60	1.66	1.08	0.00
Quick Ratio	1.80	1.47	1.33	1.04	1.09	0.95	0.94	0.29	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	11,609	8,273	4,373	1,465	3,226	1,703	-14	1,666	0.00
Operating Cash Flow to CapEx	12,614.28%	16,139.50%	7,630.91%	875.71%	65,581.17%	54,971.91%	28,462.29%	113,171.29%	38,234.60%
Free Cash Flow to Firm to Interest Expense	0.00	1,335.28	583.96	7.58	27.70	81.33	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	2,140.69	939.07	23.38	37.23	101.61	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	2,127.43	926.77	20.71	37.17	101.43	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.91	0.84	0.60	0.52	0.52	0.50	0.46	0.13	0.00
Accounts Receivable Turnover	51.80	35.55	23.91	22.11	18.45	17.74	17.66	3.94	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	417.55	240.99	76.14	42.64	492.93	852.09	675.29	187.96	0.00
Accounts Payable Turnover	2.44	2.38	2.73	16.16	8.05	6.38	10.41	9.50	0.00
Days Sales Outstanding (DSO)	7.05	10.27	15.26	16.51	19.78	20.58	20.67	92.69	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	149.47	153.06	133.91	22.59	45.33	57.22	35.07	38.41	0.00
Cash Conversion Cycle (CCC)	-142.43	-142.79	-118.65	-6.08	-25.55	-36.65	-14.40	54.29	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	-11,147	-12,123	-10,755	-10,218	-9,614	-5,377	-2,816	-1,730	0.00
Invested Capital Turnover	-4.64	-3.05	-1.81	-1.49	-1.22	-1.06	-0.84	-0.31	0.00
Increase / (Decrease) in Invested Capital	976	-1,368	-538	-604	-4,236	-2,561	-1,086	-1,730	0.00
Enterprise Value (EV)	79,375	154,573	75,280	50,212	187,674	33,212	-3,635	49	0.00
Market Capitalization	133,446	193,069	103,111	72,216	206,543	42,129	1,921	1,626	1,626
Book Value per Share	$7.80	$5.00	$3.38	$2.38	$1.99	$0.79	$0.92	($0.09)	$0.00
Tangible Book Value per Share	$7.80	$5.00	$3.37	$2.36	$1.95	$0.73	$0.80	($0.09)	$0.00
Total Capital	43,651	27,201	19,317	13,722	11,826	4,477	2,740	185	0.00
Total Debt	727	828	2,242	1,935	2,571	938	0.00	0.00	0.00
Total Long-Term Debt	0.00	737	228	1,935	2,284	809	0.00	0.00	0.00
Net Debt	-54,070	-38,496	-27,830	-22,005	-18,869	-8,916	-5,556	-1,915	0.00
Capital Expenditures (CapEx)	132	82	92	516	6.61	3.87	3.97	1.31	0.33
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-22,941	-19,253	-13,600	-13,398	-11,057	-5,815	-3,222	-1,757	0.00
Debt-free Net Working Capital (DFNWC)	31,857	20,070	16,473	10,542	10,383	4,039	2,333	158	0.00
Net Working Capital (NWC)	31,130	19,979	14,459	10,542	10,096	3,910	2,333	158	0.00
Net Nonoperating Expense (NNE)	-2,818	-1,550	-737	-358	94	142	387	17	13
Net Nonoperating Obligations (NNO)	-54,070	-38,496	-27,830	-22,005	-18,869	-8,916	-5,556	-1,915	0.00
Total Depreciation and Amortization (D&A)	362	266	397	289	123	102	72	0.35	0.11
Debt-free, Cash-free Net Working Capital to Revenue	-42.52%	-55.20%	-71.84%	-90.88%	-120.83%	-134.37%	-168.74%	-656.55%	0.00%
Debt-free Net Working Capital to Revenue	59.04%	57.54%	87.02%	71.51%	113.47%	93.33%	122.19%	58.96%	0.00%
Net Working Capital to Revenue	57.70%	57.28%	76.39%	71.51%	110.34%	90.35%	122.19%	58.96%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.38	$1.56	$0.90	$0.00	$0.00	($0.22)	($0.50)	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	5.54M	5.42B	5.06B	0.00	0.00	4.63B	2.97B	0.00	0.00
Adjusted Diluted Earnings per Share	$0.36	$1.45	$0.79	$0.00	$0.00	($0.22)	($0.50)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	5.92M	5.84B	5.76B	0.00	0.00	4.63B	2.97B	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	5.57B	5.50B	5.28B	0.00	0.00	4.65B	4.46B	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	12,585	6,905	3,836	861	-1,010	-858	-1,100	-63	-29
Normalized NOPAT Margin	23.32%	19.80%	20.26%	5.84%	-11.04%	-19.83%	-57.62%	-23.51%	-39.68%
Pre Tax Income Margin	33.69%	29.03%	27.90%	10.06%	-12.21%	-23.21%	-77.87%	-30.11%	-57.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	1,402.39	628.66	6.19	-11.83	-57.54	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	1,114.47	512.19	4.46	-8.67	-40.98	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	1,389.13	616.36	3.52	-11.89	-57.72	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	1,101.20	499.88	1.79	-8.73	-41.16	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-6.22%	0.00%

No quarterly metrics and ratios for PDD are available.

Frequently Asked Questions About PDD's Financials

When does PDD's fiscal year end?

According to the most recent income statement we have on file, PDD's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has PDD's net income changed over the last 8 years?

PDD's net income appears to be on an upward trend, with a most recent value of $15.40 billion in 2024, falling from -$41.87 million in 2016. The previous period was $8.45 billion in 2023. See PDD's forecast for analyst expectations on what’s next for the company.

What is PDD's operating income?

PDD's total operating income in 2024 was $14.85 billion, based on the following breakdown:

Total Gross Profit: $32.87 billion
Total Operating Expenses: $18.02 billion

How has PDD revenue changed over the last 8 years?

Over the last 8 years, PDD's total revenue changed from $72.39 million in 2016 to $53.96 billion in 2024, a change of 74,432.4%.

How much debt does PDD have?

PDD's total liabilities were at $26.27 billion at the end of 2024, a 15.9% increase from 2023, and a 1,313.5% increase since 2017.

How much cash does PDD have?

In the past 7 years, PDD's cash and equivalents has ranged from $469.26 million in 2017 to $8.42 billion in 2023, and is currently $7.91 billion as of their latest financial filing in 2024.

How has PDD's book value per share changed over the last 8 years?

Over the last 8 years, PDD's book value per share changed from 0.00 in 2016 to 7.80 in 2024, a change of 779.9%.

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This page (NASDAQ:PDD) was last updated on 5/29/2025 by MarketBeat.com Staff

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PDD (PDD) Financials

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PDD (PDD) Financials

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