PDD Holdings (PDD) Net Cash Flow (2017 - 2025)
PDD Holdings' (PDD) quarterly Net Cash Flow came in at $2.9 billion in Q4 2025, up 2237.04% year-on-year from $125.0 million in Q4 2024, and down 38.69% quarter-over-quarter from $4.8 billion in Q3 2025.
PDD Holdings (PDD) Net Cash Flow (2017 - 2025) Analysis & Trends
PDD Holdings has disclosed Net Cash Flow across 9 years of filings, most recently posting $2.9 billion for Q4 2025.
- Net Cash Flow for Q4 2025 came in at $2.9 billion, up 2237.04% year-over-year; the trailing twelve-month figure through Dec 2025 was $8.2 billion (up 1424.0% YoY), and the FY2025 annual result was $8.2 billion, up 1578.23% from the prior year.
- Net Cash Flow came in at $2.9 billion for Q4 2025 at PDD Holdings, down from $4.8 billion in the prior quarter.
- In the past five years, Net Cash Flow ranged from a high of $4.8 billion in Q3 2025 to a low of -$3.1 billion in Q1 2023.
- The 5-year median for Net Cash Flow is $919.1 million (2021), against an average of $752.4 million.
- Peak annual rise in Net Cash Flow reached 2237.04% in 2025, while the deepest fall reached 561.48% in 2025.
- PDD Holdings' Net Cash Flow stood at $581.8 million in 2021, then surged 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 jumped by 2237.04% to $2.9 billion in 2025.
- The last three Net Cash Flow figures came in at $2.9 billion (Q4 2025), $4.8 billion (Q3 2025), and -$743.8 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (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 | 1.08 Bn |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 323.00 Mn |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 2.92 Bn |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 1.19 Bn |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | 230.00 Mn |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | - |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -476.00 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 | 2.92 Bn |
| Dec 31, 2025 | 2.92 Bn |
| Sep 30, 2025 | 4.77 Bn |
| Sep 30, 2025 | 4.77 Bn |
| Jun 30, 2025 | -743.78 Mn |
| Jun 30, 2025 | -743.78 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 | 1.51 Bn |
| Sep 30, 2024 | 1.51 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 | 3.80 Bn |
| Sep 30, 2023 | 3.80 Bn |