Fangdd Network (DUO) Cost of Revenue (2018 - 2022)

Fangdd Network (DUO) has reported Cost of Revenue for 5 consecutive years, with $7.0 million the latest figure, recorded in Q4 2022.

• In Q4 2022, Cost of Revenue fell 40.99% year-over-year to $7.0 million; the TTM figure through Dec 2022 stood at $111.1 million (down 41.58% YoY), while the FY2025 annual figure was $41.6 million, up 9.6% from the prior year.
• Cost of Revenue fell to $7.0 million in Q4 2022 per DUO's latest filing, from $11.9 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $118.2 million in Q4 2019 and bottomed at $7.0 million in Q4 2022.
• Historically, Cost of Revenue has averaged $67.9 million across 5 years, with a median of $79.8 million in 2018.
• Annual changes were most pronounced in 2019 — Cost of Revenue jumped 64.19% — and 2021, when it tumbled 86.19%.
• Fangdd Network's Cost of Revenue stood at $79.8 million in 2018, then surged by 48.08% to $118.2 million in 2019, then decreased by 27.13% to $86.1 million in 2020, then tumbled by 86.19% to $11.9 million in 2021, then plunged by 40.99% to $7.0 million in 2022.
• Business Quant data shows DUO's Cost of Revenue at $7.0 million in Q4 2022, $11.9 million in Q4 2021, and $52.5 million in Q2 2021.