PDD Holdings (PDD) Net Cash Flow (2017 - 2025)
PDD Holdings (PDD) posted Net Cash Flow of $2.9 billion for Q4 2025, down 38.69% sequentially from $4.8 billion in Q3 2025, and up 2237.04% YoY from $125.0 million in Q4 2024.
PDD Holdings (PDD) Net Cash Flow (2017 - 2025) Analysis & Trends
PDD Holdings has reported Net Cash Flow for 9 years, with the latest figure at $2.9 billion in Q4 2025.
- Quarterly Net Cash Flow rose 2237.04% year-over-year to $2.9 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $8.2 billion (up 1517.49% YoY) and the FY2025 annual result came in at $8.1 billion, up 1530.49% from the prior year.
- Net Cash Flow retreated to $2.9 billion in Q4 2025 per PDD's latest filing, from $4.8 billion in the prior quarter.
- Over five years, Net Cash Flow peaked at $4.8 billion in Q3 2025 and troughed at -$3.1 billion in Q1 2023.
- A 5-year average of $753.8 million and a median of $919.1 million in 2021 frame the typical range for Net Cash Flow.
- The sharpest annual moves came in 2021 and 2025: Net Cash Flow slumped 1104.89% in 2021, then surged 2237.04% in 2025.
- Over 5 years, Net Cash Flow stood at $581.8 million in 2021, then jumped by 348.58% to $2.6 billion in 2022, then plunged by 38.2% to $1.6 billion in 2023, then tumbled by 108.48% to -$136.7 million in 2024, then soared by 2237.04% to $2.9 billion in 2025.
- According to Business Quant data, Net Cash Flow over the past three periods registered $2.9 billion, $4.8 billion, and -$751.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,937.24 Bn | 2,814.26 Bn | 198.88 Bn | -9.13 Bn |
| 2 | PDD Holdings | 507.38 Bn | 447.83 Bn | 9.83 Bn | 2.92 Bn |
| 3 | Mercadolibre | 97.62 Bn | 82.42 Bn | 4.16 Bn | 1.60 Bn |
| 4 | DoorDash | 93.09 Bn | 87.74 Bn | 2.35 Bn | -140.00 Mn |
| 5 | JD.com | 87.42 Bn | 58.24 Bn | 7.66 Bn | -4.73 Bn |
| 6 | Sea | 78.05 Bn | 69.53 Bn | 3.15 Bn | -66.14 Mn |
| 7 | Ebay | 47.72 Bn | 44.41 Bn | 2.30 Bn | -499.00 Mn |
| 8 | Coupang | 29.89 Bn | 23.78 Bn | 2.49 Bn | -93.00 Mn |
| 9 | Zkh | 16.25 Bn | 16.25 Bn | 51.11 Mn | - |
| 10 | Wayfair | 13.71 Bn | 12.57 Bn | 1.05 Bn | 60.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.92 Bn |
| Dec 31, 2025 | 2.92 Bn |
| Sep 30, 2025 | 4.77 Bn |
| Sep 30, 2025 | 4.77 Bn |
| Jun 30, 2025 | -751.00 Mn |
| Jun 30, 2025 | -751.00 Mn |
| Mar 31, 2025 | 1.26 Bn |
| Mar 31, 2025 | 1.26 Bn |
| Dec 31, 2024 | -136.70 Mn |
| Dec 31, 2024 | -136.70 Mn |
| Sep 30, 2024 | 1.48 Bn |
| Sep 30, 2024 | 1.48 Bn |
| Jun 30, 2024 | 161.17 Mn |
| Jun 30, 2024 | 161.17 Mn |
| Mar 31, 2024 | -1.00 Bn |
| Mar 31, 2024 | -1.00 Bn |
| Dec 31, 2023 | 1.61 Bn |
| Dec 31, 2023 | 1.61 Bn |
| Sep 30, 2023 | 3.83 Bn |
| Sep 30, 2023 | 3.83 Bn |