PDD Holdings (PDD) Beginning Cash Balance (2017 - 2025)
PDD Holdings (PDD) posted Beginning Cash Balance of $23.4 billion for Q4 2025, up 35.69% sequentially from $17.2 billion in Q4 2024, and up 35.69% YoY from $17.2 billion in Q4 2024.
PDD Holdings (PDD) Beginning Cash Balance (2017 - 2025) Analysis & Trends
PDD Holdings has reported Beginning Cash Balance for 9 years, with the latest figure at $23.4 billion in Q4 2025.
- Quarterly Beginning Cash Balance rose 35.69% year-over-year to $23.4 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $67.1 billion (up 25.39% YoY) and the FY2025 annual result came in at $18.0 billion, up 8.16% from the prior year.
- Beginning Cash Balance improved to $23.4 billion in Q4 2025 per PDD's latest filing, from $17.2 billion in the prior quarter.
- Over five years, Beginning Cash Balance peaked at $23.4 billion in Q4 2025 and troughed at $9.8 billion in Q4 2021.
- A 5-year average of $15.4 billion and a median of $15.7 billion in 2023 frame the typical range for Beginning Cash Balance.
- The sharpest annual moves came in 2023 and 2024: Beginning Cash Balance surged 45.38% in 2023, then rose 9.79% in 2024.
- Over 5 years, Beginning Cash Balance stood at $9.8 billion in 2021, then advanced by 10.24% to $10.8 billion in 2022, then soared by 45.38% to $15.7 billion in 2023, then advanced by 9.79% to $17.2 billion in 2024, then jumped by 35.69% to $23.4 billion in 2025.
- According to Business Quant data, Beginning Cash Balance over the past three periods registered $23.4 billion, $17.2 billion, and $15.7 billion for Q4 2025, Q4 2024, and Q4 2023 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Amazon Com | 2,933.58 Bn | 2,810.60 Bn | 198.88 Bn |
| 2 | PDD Holdings | 507.43 Bn | 447.89 Bn | 9.83 Bn |
| 3 | Mercadolibre | 97.88 Bn | 82.68 Bn | 4.16 Bn |
| 4 | DoorDash | 93.00 Bn | 87.66 Bn | 2.35 Bn |
| 5 | JD.com | 87.39 Bn | 58.21 Bn | 7.66 Bn |
| 6 | Sea | 77.97 Bn | 69.45 Bn | 3.15 Bn |
| 7 | Ebay | 47.63 Bn | 44.32 Bn | 2.30 Bn |
| 8 | Coupang | 29.79 Bn | 23.68 Bn | 2.49 Bn |
| 9 | Zkh | 16.19 Bn | 16.19 Bn | 51.11 Mn |
| 10 | Wayfair | 13.78 Bn | 12.63 Bn | 1.05 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 23.36 Bn |
| Dec 31, 2025 | 23.36 Bn |
| Dec 31, 2024 | 17.22 Bn |
| Dec 31, 2024 | 17.22 Bn |
| Dec 31, 2023 | 15.68 Bn |
| Dec 31, 2023 | 15.68 Bn |
| Dec 31, 2022 | 10.79 Bn |
| Dec 31, 2022 | 10.79 Bn |
| Dec 31, 2021 | 9.79 Bn |
| Dec 31, 2021 | 9.79 Bn |
| Dec 31, 2020 | 6.82 Bn |
| Dec 31, 2020 | 6.82 Bn |
| Dec 31, 2019 | 4.94 Bn |
| Dec 31, 2019 | 4.94 Bn |
| Dec 31, 2018 | 3.63 Bn |
| Dec 31, 2018 | 3.63 Bn |
| Sep 30, 2018 | 1.31 Bn |
| Sep 30, 2018 | 1.31 Bn |
| Jun 30, 2018 | 1.30 Bn |
| Jun 30, 2018 | 1.30 Bn |