PDD Holdings (PDD) Invested Capital (2022 - 2025)

PDD Holdings has reported Invested Capital for 9 years, with the latest figure at $153.2 million in Q4 2025.

• Quarterly Invested Capital fell 79.28% year-over-year to $153.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $632.6 million (down 48.88% YoY) and the FY2025 annual result came in at $151.2 million, down 79.54% from the prior year.
• Invested Capital fell to $153.2 million in Q4 2025 per PDD's latest filing, from $164.7 million in the prior quarter.
• Over five years, Invested Capital peaked at $2.0 billion in Q4 2022 and troughed at $90.1 million in Q4 2023.
• A 5-year average of $449.2 million and a median of $283.5 million in 2023 frame the typical range for Invested Capital.
• The sharpest annual moves came in 2023 and 2024: Invested Capital tumbled 95.39% in 2023, then jumped 720.6% in 2024.
• Over 5 years, Invested Capital stood at $307.0 million in 2021, then surged by 535.89% to $2.0 billion in 2022, then slumped by 95.39% to $90.1 million in 2023, then surged by 720.6% to $739.2 million in 2024, then tumbled by 79.28% to $153.2 million in 2025.
• According to Business Quant data, Invested Capital over the past three periods registered $153.2 million, $164.7 million, and $162.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.