Fangdd Network Group Ltd
NASDAQ: DUO · REAL ESTATE · REAL ESTATE SERVICES
Updated 2026-06-05
Fangdd Network Group Ltd (DUO) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2016 | $1.48B | $-332.07M | 15.48% | -24.66% | -22.50% |
| 2017 | $1.80B | $649000.00 | 21.22% | -0.27% | 0.04% |
| 2018 | $2.28B | $104.03M | 20.88% | 3.04% | 4.56% |
| 2019 | $3.60B | $-510.39M | 21.03% | -14.91% | -14.18% |
| 2020 | $2.45B | $-221.38M | 16.91% | -9.22% | -9.03% |
| 2021 | $942.38M | $-1.17B | 11.30% | -101.58% | -124.28% |
| 2022 | $245.95M | $-226.75M | 10.06% | -101.40% | -92.19% |
| 2023 | $284.96M | $-91.75M | 14.46% | -93.06% | -32.20% |
| 2024 | $339.10M | $30.83M | 18.21% | -37.06% | 9.09% |
| 2025 | $345.16M | $-82.40M | 17.92% | -37.57% | -23.87% |
Frequently asked questions
What is Fangdd Network Group Ltd's revenue?
Fangdd Network Group Ltd's trailing twelve-month revenue is $354.82M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is DUO?
In its most recent fiscal year, DUO ran a gross margin of 17.92%, an operating margin of -37.57%, and a net margin of -23.87%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does DUO generate?
DUO produced $-81.33M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is DUO's balance sheet healthy?
DUO holds $32.68M in cash and equivalents against — in long-term debt, on $578.77M of shareholder equity. That debt is best read against the cash flow the business throws off each year.