DUO
Fangdd Network Group Ltd
NASDAQ: DUO · REAL ESTATE · REAL ESTATE SERVICES
$1.55
+4.73% today
Updated 2026-05-01
Market cap
$54.55M
P/E ratio
—
P/S ratio
0.14x
EPS (TTM)
$-0.55
Dividend yield
—
52W range
$1 – $5
Volume
0.0M
Fangdd Network Group Ltd (DUO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.48B | $1.80B | $2.28B | $3.60B | $2.45B | $942.38M | $245.95M | $284.96M | $339.10M |
| Revenue growth (YoY) | — | +21.9% | +26.9% | +57.7% | -31.9% | -61.6% | -73.9% | +15.9% | +19.0% |
| Cost of revenue | $1.25B | $1.42B | $1.81B | $2.84B | $2.04B | $835.87M | $221.21M | $243.76M | $277.36M |
| Gross profit | $228.40M | $381.59M | $476.63M | $757.04M | $414.47M | $106.51M | $24.73M | $41.19M | $61.75M |
| Gross margin | 15.5% | 21.2% | 20.9% | 21.0% | 16.9% | 11.3% | 10.1% | 14.5% | 18.2% |
| R&D | $182.63M | $191.66M | $202.88M | $724.98M | $301.40M | $167.53M | $65.97M | $32.14M | $24.77M |
| SG&A | $311.30M | $156.33M | $145.28M | $520.42M | $301.06M | $831.36M | $194.96M | $271.45M | $152.55M |
| Operating income | $-363.85M | $-4.86M | $69.38M | $-536.76M | $-226.02M | $-957.29M | $-249.39M | $-265.17M | $-125.66M |
| Operating margin | -24.7% | -0.3% | 3.0% | -14.9% | -9.2% | -101.6% | -101.4% | -93.1% | -37.1% |
| EBITDA | $-325.38M | $46.49M | $123.83M | $-531.91M | $-222.24M | $-949.60M | $-246.05M | $-92.56M | $-123.98M |
| EBITDA margin | -22.0% | 2.6% | 5.4% | -14.8% | -9.1% | -100.8% | -100.0% | -32.5% | -36.6% |
| EBIT | $-350.00M | $16.05M | $109.58M | $-536.76M | $-226.02M | $-957.29M | $-249.39M | $-94.37M | $-125.55M |
| Interest expense | $0.00 | $13.03M | $1.12M | $8.72M | $12.99M | $8.32M | $5.36M | $621000.00 | — |
| Income tax | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-332.07M | $649000.00 | $104.03M | $-510.39M | $-221.38M | $-1.17B | $-226.75M | $-91.75M | $30.83M |
| Net income growth (YoY) | — | +100.2% | +15928.7% | -590.6% | +56.6% | -429.0% | +80.6% | +59.5% | +133.6% |
| Profit margin | -22.5% | 0.0% | 4.6% | -14.2% | -9.0% | -124.3% | -92.2% | -32.2% | 9.1% |