Dingdong (DDL) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 24	$0.19	$0.5	+163.2%	—	$5.9B	—
Q2 24	$0.05	$0.46	+820.0%	—	$781.5M	—
Q4 23	$0.01	$0.04	+300.0%	—	$5B	—
Q3 23	$0.01	$0.04	+300.0%	—	$5.1B	—
Q2 23	—	$0.03	—	—	$4.8B	—
Q1 23	$0.01	$0.01	0.0%	—	$5B	—
Q4 22	$0.26	$0.15	-42.3%	—	$6.2B	—
Q3 22	-$0.26	-$0.89	-242.3%	—	$5.9B	—
Q2 22	-$4.35	$0.06	+101.4%	—	$6.6B	—
Q1 22	-$3.21	-$1.31	+59.2%	—	$5.4B	—
Q4 21	$17.4	-$3.19	-118.4%	—	$5.5B	—
Q3 21	-$6.22	-$6.08	+2.3%	—	$6.2B	—
Q2 21	-$4.53	-$30.1	-563.4%	—	$4.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.02	—	—	$24.4B	—
FY24	—	$1.36	—	—	$23.1B	—
FY23	—	-$0.47	—	—	$20B	—
FY22	—	-$3.77	—	—	$24.2B	—
FY21	—	-$51.8

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.9B	$11.3B	$20.1B	$24.2B	$20B	$23.1B	$24.4B
YoY change	—	+192.2%	+77.5%	+20.4%	-17.5%	+15.5%	+5.61%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3.9B	11.3B	20.1B	24.2B	20B	23.1B	24.4B
Cost of revenue	3.2B	9.1B	16.1B	16.7B	13.8B	16.1B	17.3B
Gross profit	664.9M	2.2B	4B	7.5B	6.1B	6.9B	7.1B
Gross margin	17.1%	19.7%	20.1%	30.9%	30.7%	30.1%	29.2%
Research & development	91.1M	321.7M	905M	1B	802.9M	800M	822M
Selling, general & administrative	2.3B	1B	2.2B	1.1B	751.9M	947.5M	963.4M
Operating expenses	2.4B	5.4B	10.4B	8.3B	6.3B	6.7B	7B
Operating income	-1.7B	-3.2B	-6.4B	-799.7M	-130.1M	214.6M	131.7M
Operating margin	-44.9%	-27.9%	-31.7%	-3.3%	-0.65%	0.93%	0.54%
Non-operating income, net	-99.4M	5.1M	-11.5M	40.3M	-269K	-1.3M	407K
Pretax income	-1.9B	-3.2B	-6.4B	-800.1M	-71.9M	320.4M	240.9M
Income tax	0	0	9.4M	6.7M	19.4M	16M	9.2M
Net income	-1.9B	-3.2B	-6.4B	-806.9M	-91.3M	304.4M	231.7M
Net margin	-48.3%	-28%	-32%	-3.33%	-0.46%	1.32%	0.95%
EBITDA	-1.7B	-3B	-6.1B	-462.2M	182.1M	482.3M	355.2M
EPS	-12.5	-21.9	-51.8	-3.77	-0.47	1.36	1.02
Diluted EPS	-12.5	-21.9	-51.8	-3.77	-0.47	1.35	0.99

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	5.1B	5B	5B	781.5M	921M	5.9B	5.5B	6B	6.7B	6.2B	139.4M	73.2M
Cost of revenue	3.6B	3.5B	3.5B	547.1M	646.8M	4.1B	3.8B	4.3B	4.7B	4.4B	129.3M	62M
Gross profit	1.6B	1.5B	1.5B	234.4M	274.2M	1.8B	1.6B	1.7B	1.9B	1.8B	10.1M	11.2M
Gross margin	30.4%	30.6%	30.6%	30%	29.8%	30.2%	29.9%	28.8%	28.9%	29.3%	7.27%	15.3%
Research & development	199.3M	191.2M	193.3M	28.3M	28.5M	201.6M	198M	201.8M	203.4M	218.7M	12M	19.7M
Selling, general & administrative	193.5M	-836.5M	216.1M	33.2M	34.8M	246.7M	222.8M	225.8M	247.7M	267M	25.5M	24.6M
Operating expenses	1.6B	1.5B	1.5B	226.9M	258.7M	1.7B	1.7B	1.6B	1.9B	1.8B	82.8M	81.6M
Operating income	-8.6M	-21.9M	-11.1M	7.5M	15.6M	61.5M	-21.2M	81.6M	59.3M	12M	-72.7M	-70.4M
Operating margin	-0.17%	-0.44%	-0.22%	0.96%	1.69%	1.04%	-0.39%	1.37%	0.89%	0.19%	-52.1%	-96.2%
Non-operating income, net	-1.5M	-724K	1.6M	-397K	-403.6K	2.9M	1.7M	783K	-1.1M	-914K	659K	1.6M
Pretax income	5.6M	-1.6M	14M	10.4M	19.2M	95.4M	9.6M	111M	84.7M	35.6M	-71.4M	-63.2M
Income tax	3.5M	2.8M	1.7M	1M	433K	3.8M	1.6M	3.8M	1.8M	2M	2K	17K
Net income	2.1M	-4.4M	12.3M	9.4M	18.8M	91.6M	8M	107.2M	82.9M	33.6M	165.4M	271.7M
Net margin	0.04%	-0.09%	0.24%	1.2%	2.04%	1.55%	0.15%	1.79%	1.24%	0.54%	118.7%	371.2%
EBITDA	30M	19.7M	30.7M	12.4M	20.6M	102.3M	15.5M	115.8M	87.9M	38.4M	-72.7M	-70.4M
EPS	-0	—	0.04	0.3	0.6	0.41	0.03	0.48	0.38	0.15	0.75	1.3
Diluted EPS	-0	—	0.04	0.3	0.6	0.39	0.03	0.47	0.36	0.14	0.75	1.3

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	2.4B	—	539.6M	478.9M
Enterprise value	—	—	—	—	1.6B	—	-1B	-167.2M
Shares outstanding	1.2B	1.2B	942.7M	1.6B	1.6B	216.1M	216.7M	216.7M

Valuation

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	—	2.33	20.2
P/S	—	—	—	—	0.12	—	0.02	0.03
P/B	—	—	—	—	4.77	—	0.46	2.26
EV/EBITDA	—	—	—	—	8.72	—	-2.82	-50.2
EV/Sales	—	—	—	—	0.08	—	-0.04	-0.06
Earnings yield	—	—	—	—	—	—	42.9%	4.95%
FCF yield	—	—	—	—	-13.4%	—	66.3%	-58.2%
PEG	—	—	—	—	—	—	—	0.12

Profitability

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	17.1%	19.7%	20.1%	30.9%	30.7%	30.1%	29.2%	15.3%
Operating margin	-44.9%	-27.9%	-31.7%	-3.3%	-0.65%	0.93%	0.54%	-96.2%
Net margin	-48.3%	-28%	-32%	-3.33%	-0.46%	1.32%	0.95%	2.92%
ROE	265.4%	53.7%	-848.1%	-193.2%	-18.3%	32.9%	19.7%	1.04%
ROA	-88.7%	-64.5%	-68.2%	-8.6%	-1.19%	4.28%	3.3%	-0.56%
ROIC	219.3%	57.9%	-692.6%	171.7%	45.1%	-40.9%	-34.6%	40%
Return on tangible assets	-88.7%	-64.5%	-68.2%	-8.6%	-1.19%	4.28%	3.3%	6.74%

Financial health

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.61	0.64	0.89	0.91	0.95	1.02	1.05	1.23
Quick ratio	0.54	0.56	0.81	0.84	0.87	0.91	0.93	1.23
Debt / equity	-1.55	-0.48	7.11	13.4	9.07	3.28	2.07	0.04
Debt / assets	0.52	0.58	0.57	0.6	0.59	0.43	0.35	0.01
Net debt / EBITDA	0.05	-0.15	-0.03	1.91	-4.32	-2.95	-4.34	103.9
Interest coverage	-31.2	-81	-74.4	-4.98	0.27	7.77	15.3	15.3
Effective tax rate	0%	0%	0%	0%	0%	5%	3.8%	0%

Per share

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	3.35	9.79	21.3	15.4	12.6	106.7	112.4	85.5
EPS (basic)	-12.5	-21.9	-51.8	-3.77	-0.47	1.36	1.02	1.02
EPS (diluted)	-12.5	-21.9	-51.8	-3.77	-0.47	1.35	0.99	0.11
Book value per share	-0.61	-5.11	0.8	0.27	0.31	4.28	5.43	0.98
FCF per share	-0.94	-1.99	-6.49	-0.03	-0.2	3.84	1.65	2.05
Cash per share	1.02	2.06	5.55	4.13	3.35	20.6	18.3	8.37
Capex per share	0.11	0.21	0.48	0.08	0.04	0.43	—	—

Capital allocation

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.22%	2.18%	2.24%	0.5%	0.29%	0.4%	—	—
Capex / operating cash flow	-9.86%	-10.4%	-8.06%	-24.2%	-170.6%	13.1%	—	—
Payout ratio	—	—	—	—	—	—	—	0%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.2B	2.4B	5.2B	6.5B	5.3B	4.4B	4B
Receivables	12.3M	38.8M	191.5M	141.5M	107.9M	125.9M	191.9M
Inventory	161.4M	386.4M	537.5M	604.9M	471.9M	553.6M	570.5M
Total current assets	1.5B	3B	6.5B	7.5B	6.2B	5.4B	5B
Property, plant & equipment	616.8M	1.8B	2.7B	1.7B	1.5B	1.6B	1.8B
Goodwill & intangibles	—	—	—	—	—	—	—
Total assets	2.1B	4.9B	9.4B	9.4B	7.7B	7.1B	7B
Accounts payable	775.2M	1.6B	2.1B	1.9B	1.4B	1.7B	1.9B
Short-term debt	651.2M	1.9B	4.1B	4.9B	4B	2.2B	1.5B
Total current liabilities	2.4B	4.7B	7.3B	8.2B	6.5B	5.3B	4.8B
Long-term debt	440.4M	930.1M	1.2B	678M	568M	780M	897.8M
Total liabilities	2.8B	10.8B	8.7B	9B	7.2B	6.2B	5.8B
Shareholders' equity	-705.8M	-5.9B	758.1M	417.7M	498.6M	924M	1.2B
Total debt	1.1B	2.8B	5.4B	5.6B	4.5B	3B	2.4B
Net debt	153.1M	1.5B	4.7B	3.8B	3.3B	2.1B	1.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	5.6B	5.3B	4.5B	580.1M	604.6M	4.4B	4.3B	4B	3.9B	4B	371.2M	1.8B
Receivables	130.1M	107.9M	103.9M	15.6M	19.2M	125.9M	134.9M	136.9M	178M	191.9M	41.7M	24.3M
Inventory	509.3M	471.9M	450.1M	66.3M	83.6M	553.6M	471.6M	504.9M	591M	570.5M	24.4M	20.4M
Total current assets	6.5B	6.2B	5.3B	698.7M	741.5M	5.4B	5.2B	4.9B	5B	5B	6.9B	8.1B
Property, plant & equipment	1.4B	1.5B	1.3B	195.2M	210.6M	1.6B	1.6B	1.7B	1.8B	1.8B	17.7M	84.2M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	8B	7.7B	6.8B	906.9M	968.2M	7.1B	6.9B	6.8B	6.9B	7B	6.9B	8.2B
Accounts payable	1.5B	1.4B	1.3B	209.8M	244.5M	1.7B	1.6B	1.8B	1.9B	1.9B	76.9M	50.8M
Short-term debt	4.4B	4B	3B	339.1M	314.8M	2.2B	2B	1.7B	1.6B	1.5B	125K	4.8M
Total current liabilities	6.9B	6.5B	5.6B	712.7M	744.4M	5.3B	5B	4.7B	4.7B	4.8B	5.6B	6.6B
Long-term debt	516.8M	568M	527.8M	84.8M	98.9M	780M	776.2M	805.1M	907.4M	897.8M	0	63.9M
Total liabilities	7.5B	7.2B	6.2B	816.2M	862.4M	6.2B	6B	5.7B	5.8B	5.8B	5.6B	6.6B
Shareholders' equity	508.7M	498.6M	540.4M	90.7M	105.8M	924M	951.3M	1.1B	1.2B	1.2B	1.3B	1.6B
Total debt	4.9B	4.5B	3.5B	423.9M	413.7M	3B	2.8B	2.5B	2.5B	2.4B	125K	68.7M
Net debt	3.6B	3.3B	2.4B	275.9M	286.9M	2.1B	1.6B	1.6B	1.6B	1.3B	-211.9M	-1.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-1.9B	-3.2B	-6.4B	-806.9M	-91.3M	304.4M	231.7M
Depreciation & amortization	34.7M	115.4M	213.1M	204.2M	155M	114.6M	97.5M
Stock-based compensation	2M	153.1M	315.4M	235.9M	136.6M	118.5M	78.4M
Change in working capital	531.8M	518.8M	303M	-140.2M	-233.8M	174.2M	197.1M
Operating cash flow	-1.3B	-2.4B	-5.6B	-501.2M	-33.5M	711.7M	535.5M
Capital expenditure	-124.8M	-247.3M	-451.1M	-121.1M	-57.1M	-93.1M	—
Investing cash flow	-185.6M	-1B	-4.1B	-47.1M	519.3M	475.5M	604.3M
Dividends paid	—	—	—	—	—	—	—
Share repurchases	0	0	-2.9M	-17.7M	0	-30.5M	-8.8M
Financing cash flow	769.7M	3.4B	1.4B	-11.6B	-13.8B	-11.8B	-6.4B
Net change in cash	-681.3M	57M	-8.3B	-12.1B	-13.3B	-10.6B	-5.3B
Free cash flow	-1.1B	-2.3B	-6.1B	-39.5M	-317.9M	830.9M	357.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	—	—	—	—	—	—	—	101.4M	20.3M	328.6M	146.7M	126.6M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	—	—	-168.3M	-240M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	—	—	—	—	—	—	—	—	—	—	—	33K
Net change in cash	—	—	—	—	—	—	—	101.4M	20.3M	328.6M	-21.6M	-113.3M
Free cash flow	130.1M	36.5M	94.8M	34.3M	56M	92.7M	85.2M	101.4M	20.3M	150.8M	146.7M	126.6M

Dingdong Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement