PDD Holdings (PDD) Change in Cash (2017 - 2025)
PDD Holdings (PDD) posted Change in Cash of $2.8 billion for Q4 2025, down 41.2% sequentially from $4.7 billion in Q3 2025, and up 3890.45% YoY from $69.3 million in Q4 2024.
PDD Holdings (PDD) Change in Cash (2017 - 2025) Analysis & Trends
PDD Holdings has reported Change in Cash for 9 years, with the latest figure at $2.8 billion in Q4 2025.
- Quarterly Change in Cash rose 3890.45% year-over-year to $2.8 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $8.0 billion (up 1130.73% YoY) and the FY2025 annual result came in at $8.1 billion, up 1236.78% from the prior year.
- Change in Cash declined to $2.8 billion in Q4 2025 per PDD's latest filing, from $4.7 billion in the prior quarter.
- Over five years, Change in Cash peaked at $4.7 billion in Q3 2025 and troughed at -$3.1 billion in Q1 2023.
- A 5-year average of $740.8 million and a median of $913.3 million in 2021 frame the typical range for Change in Cash.
- The sharpest annual moves came in 2021 and 2025: Change in Cash tumbled 1444.38% in 2021, then jumped 3890.45% in 2025.
- Over 5 years, Change in Cash stood at $577.6 million in 2021, then jumped by 349.05% to $2.6 billion in 2022, then sank by 43.38% to $1.5 billion in 2023, then sank by 95.28% to $69.3 million in 2024, then surged by 3890.45% to $2.8 billion in 2025.
- According to Business Quant data, Change in Cash over the past three periods registered $2.8 billion, $4.7 billion, and -$747.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,930.57 Bn | 2,807.58 Bn | 198.88 Bn | -23.77 Bn |
| 2 | PDD Holdings | 507.04 Bn | 447.50 Bn | 9.83 Bn | 2.77 Bn |
| 3 | Mercadolibre | 97.44 Bn | 82.25 Bn | 4.16 Bn | 1.62 Bn |
| 4 | DoorDash | 92.75 Bn | 87.40 Bn | 2.35 Bn | -136.00 Mn |
| 5 | JD.com | 87.43 Bn | 58.25 Bn | 7.66 Bn | -4.97 Bn |
| 6 | Sea | 78.00 Bn | 69.48 Bn | 3.15 Bn | -120.38 Mn |
| 7 | Ebay | 47.53 Bn | 44.22 Bn | 2.30 Bn | -536.00 Mn |
| 8 | Coupang | 29.75 Bn | 23.64 Bn | 2.49 Bn | -187.00 Mn |
| 9 | Zkh | 16.08 Bn | 16.08 Bn | 51.11 Mn | - |
| 10 | Wayfair | 13.68 Bn | 12.54 Bn | 1.05 Bn | 61.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.77 Bn |
| Sep 30, 2025 | 4.70 Bn |
| Jun 30, 2025 | -747.95 Mn |
| Mar 31, 2025 | 1.25 Bn |
| Dec 31, 2024 | 69.31 Mn |
| Sep 30, 2024 | 1.36 Bn |
| Jun 30, 2024 | 194.30 Mn |
| Mar 31, 2024 | -979.87 Mn |
| Dec 31, 2023 | 1.47 Bn |
| Sep 30, 2023 | 3.83 Bn |
| Jun 30, 2023 | 1.76 Bn |
| Mar 31, 2023 | -3.15 Bn |
| Dec 31, 2022 | 2.59 Bn |
| Sep 30, 2022 | 1.62 Bn |
| Jun 30, 2022 | 1.60 Bn |
| Mar 31, 2022 | -2.19 Bn |
| Dec 31, 2021 | 577.63 Mn |
| Sep 30, 2021 | -776.90 Mn |
| Jun 30, 2021 | 473.64 Mn |
| Mar 31, 2021 | -1.61 Bn |