PDD Holdings (PDD) Enterprise Value (2017 - 2025)
PDD Holdings (PDD) posted Enterprise Value of -$59.5 billion for Q4 2025, up 99.4% sequentially from -$9943.2 billion in Q3 2025, and down 29.0% YoY from -$83.9 billion in Q4 2024.
PDD Holdings (PDD) Enterprise Value (2017 - 2025) Analysis & Trends
PDD Holdings has reported Enterprise Value for 9 years, with the latest figure at -$59.5 billion in Q4 2025.
- Quarterly Enterprise Value fell 29.0% year-over-year to -$59.5 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$59.5 billion (down 29.0% YoY) and the FY2025 annual result came in at -$58.8 billion, down 27.35% from the prior year.
- Enterprise Value improved to -$59.5 billion in Q4 2025 per PDD's latest filing, from -$9943.2 billion in the prior quarter.
- Over five years, Enterprise Value peaked at -$10.3 billion in Q4 2021 and troughed at -$7950805.7 billion in Q3 2021.
- A 5-year average of -$1147940.2 billion and a median of -$8193.7 billion in 2024 frame the typical range for Enterprise Value.
- The sharpest annual moves came in 2021 and 2022: Enterprise Value slumped 76519515.9% in 2021, then surged 99.91% in 2022.
- Over 5 years, Enterprise Value stood at -$10.3 billion in 2021, then slipped by 25.63% to -$13.0 billion in 2022, then sank by 30.33% to -$16.9 billion in 2023, then plunged by 172.91% to -$46.2 billion in 2024, then declined by 29.0% to -$59.5 billion in 2025.
- According to Business Quant data, Enterprise Value over the past three periods registered -$59.5 billion, -$9943.2 billion, and -$9326.0 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,942.84 Bn | 2,819.86 Bn | 198.88 Bn | -122.99 Bn |
| 2 | PDD Holdings | 507.66 Bn | 448.11 Bn | 9.83 Bn | -59.54 Bn |
| 3 | Mercadolibre | 97.39 Bn | 82.19 Bn | 4.16 Bn | -15.20 Bn |
| 4 | DoorDash | 93.67 Bn | 88.33 Bn | 2.35 Bn | -5.34 Bn |
| 5 | JD.com | 87.53 Bn | 58.35 Bn | 7.66 Bn | -19.91 Bn |
| 6 | Sea | 77.98 Bn | 69.46 Bn | 3.15 Bn | -8.52 Bn |
| 7 | Ebay | 47.41 Bn | 44.11 Bn | 2.30 Bn | -3.31 Bn |
| 8 | Coupang | 29.58 Bn | 23.47 Bn | 2.49 Bn | -6.11 Bn |
| 9 | Zkh | 15.88 Bn | 15.88 Bn | 51.11 Mn | -257,636.62 |
| 10 | Wayfair | 13.67 Bn | 12.52 Bn | 1.05 Bn | -1.14 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -59.54 Bn |
| Sep 30, 2025 | -9,943.21 Bn |
| Jun 30, 2025 | -9,325.97 Bn |
| Mar 31, 2025 | -8,978.54 Bn |
| Dec 31, 2024 | -46.16 Bn |
| Sep 30, 2024 | -8,444.17 Bn |
| Jun 30, 2024 | -8,184.33 Bn |
| Mar 31, 2024 | -8,203.10 Bn |
| Dec 31, 2023 | -16.91 Bn |
| Sep 30, 2023 | -7,814.49 Bn |
| Jun 30, 2023 | -7,444.09 Bn |
| Mar 31, 2023 | -7,440,033.98 Bn |
| Dec 31, 2022 | -12.98 Bn |
| Sep 30, 2022 | -7,146.71 Bn |
| Jun 30, 2022 | -9,385.35 Bn |
| Mar 31, 2022 | -8,223.94 Bn |
| Dec 31, 2021 | -10.33 Bn |
| Sep 30, 2021 | -7,950,805.68 Bn |
| Jun 30, 2021 | -7,467,418.43 Bn |
| Mar 31, 2021 | -7,306.57 Bn |