PDD Holdings (PDD) Change in Cash (2017 - 2025)
PDD Holdings' (PDD) quarterly Change in Cash came in at $2.8 billion in Q4 2025, up 3890.45% year-on-year from $69.3 million in Q4 2024, and down 41.2% quarter-over-quarter from $4.7 billion in Q3 2025.
PDD Holdings (PDD) Change in Cash (2017 - 2025) Analysis & Trends
PDD Holdings has disclosed Change in Cash across 9 years of filings, most recently posting $2.8 billion for Q4 2025.
- Change in Cash for Q4 2025 came in at $2.8 billion, up 3890.45% year-over-year; the trailing twelve-month figure through Dec 2025 was $8.0 billion (up 1130.73% YoY), and the FY2025 annual result was $8.1 billion, up 1236.78% from the prior year.
- Change in Cash came in at $2.8 billion for Q4 2025 at PDD Holdings, down from $4.7 billion in the prior quarter.
- In the past five years, Change in Cash ranged from a high of $4.7 billion in Q3 2025 to a low of -$3.1 billion in Q1 2023.
- The 5-year median for Change in Cash is $913.3 million (2021), against an average of $740.8 million.
- Across the five-year window, Change in Cash tumbled 1444.38% in 2021 and surged 3890.45% in 2025, its largest moves.
- PDD Holdings' Change in Cash stood at $577.6 million in 2021, then surged 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 soared by 3890.45% to $2.8 billion in 2025.
- The last three Change in Cash figures came in at $2.8 billion (Q4 2025), $4.7 billion (Q3 2025), and -$747.9 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 14.59 Bn |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 1.60 Bn |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 301.00 Mn |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 2.77 Bn |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 1.18 Bn |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -21.00 Mn |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | - |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -472.00 Mn |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | -68.00 Mn |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | -374.90 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 |