Fangdd Network (DUO) Payables (2018 - 2025)
Fangdd Network (DUO) posted quarterly Payables of $10.3 million for Q4 2025, down 59.22% year-over-year from $25.2 million in Q4 2024, and down 61.03% quarter-over-quarter from $26.3 million in Q2 2025.
Fangdd Network (DUO) Payables (2018 - 2025) Analysis & Trends
Fangdd Network (DUO) has reported Payables for 8 consecutive years, with $10.3 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Payables fell 59.22% year-over-year to $10.3 million; the TTM figure through Dec 2025 stood at $10.3 million (down 59.22% YoY), while the FY2025 annual figure was $10.4 million, down 57.97% from the prior year.
- Payables retreated to $10.3 million in Q4 2025 per DUO's latest filing, from $26.3 million in the prior quarter.
- Across five years, Payables topped out at $301.8 million in Q1 2021 and bottomed at $10.3 million in Q4 2025.
- Historically, Payables has averaged $128.4 million across 5 years, with a median of $103.7 million in 2022.
- Annual changes were most pronounced in 2021 — Payables declined 10.13% — and 2024, when it slumped 61.96%.
- Fangdd Network's Payables stood at $205.0 million in 2021, then slumped by 49.82% to $102.9 million in 2022, then tumbled by 53.86% to $47.5 million in 2023, then sank by 46.99% to $25.2 million in 2024, then plunged by 59.22% to $10.3 million in 2025.
- Business Quant data shows DUO's Payables at $10.3 million in Q4 2025, $26.3 million in Q2 2025, and $25.2 million in Q4 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Cbre | 44.33 Bn | 42.84 Bn | 2.09 Bn | 2.29 Bn |
| 2 | KE Holdings | 19.27 Bn | 16.39 Bn | 661.06 Mn | 742.32 Mn |
| 3 | Jones Lang Lasalle | 17.77 Bn | 17.31 Bn | - | 1.66 Bn |
| 4 | Costar | 13.27 Bn | 12.00 Bn | 728.00 Mn | 44.00 Mn |
| 5 | Compass | 8.88 Bn | 8.19 Bn | 3.88 Bn | 101.00 Mn |
| 6 | FirstService | 6.57 Bn | 6.34 Bn | 480.66 Mn | 184.48 Mn |
| 7 | Colliers International | 5.47 Bn | 5.42 Bn | 635,105.00 Bn | 660.22 Mn |
| 8 | Cushman & Wakefield | 3.45 Bn | 2.95 Bn | 512.00 Mn | 1.15 Bn |
| 9 | Opendoor Technologies | 3.41 Bn | 2.51 Bn | 86.00 Mn | - |
| 10 | Fangdd Network | 4.54 Mn | -15.79 Mn | - | 10.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 10.26 Mn |
| Jun 30, 2025 | 26.33 Mn |
| Dec 31, 2024 | 25.16 Mn |
| Jun 30, 2024 | 39.74 Mn |
| Dec 31, 2023 | 47.47 Mn |
| Jun 30, 2023 | 104.47 Mn |
| Dec 31, 2022 | 102.88 Mn |
| Jun 30, 2022 | 148.98 Mn |
| Dec 31, 2021 | 205.01 Mn |
| Sep 30, 2021 | 248.71 Mn |
| Jun 30, 2021 | 279.62 Mn |
| Mar 31, 2021 | 301.84 Mn |
| Dec 31, 2020 | 337.96 Mn |
| Sep 30, 2020 | 341.98 Mn |
| Jun 30, 2020 | 311.12 Mn |
| Dec 31, 2019 | 338.76 Mn |
| Sep 30, 2019 | 300.32 Mn |
| Dec 31, 2018 | 220.31 Mn |