Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Dingdong (Cayman) Ltd files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
3,157
3,512
2,813
3,160
3,483
Operating income
-993
-111
-18.3
29.4
18.8
Interest expense
13.4
19.4
13.9
6.48
2.4
Interest income
7.11
13.5
22.2
21.2
18
Other non-operating income
0.48
-0.04
-0.17
0.06
Pre-tax income
-1,007
-116
-10.1
43.9
34.4
Income tax
1.47
0.98
2.74
2.2
1.31
Net income
-1,009
-117
-12.9
41.7
33.1
EBITDA
-960
-81
3.5
45.1
32.8
Balance sheet
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
104
269
170
122
158
Short-term investments
717
672
577
488
410
Receivables
30.1
20.5
15.2
17.2
27.4
Inventory
84.3
87.7
66.5
75.8
81.6
Other current assets
72.5
24.7
26.4
23.4
26.7
Total current assets
1,023
1,087
866
735
721
Property, plant and equipment
74.1
45.7
26.6
24.2
33.3
Lease right-of-use assets
352
207
178
201
226
Other non-current assets
29.2
21.1
13.6
15.3
23.3
Total assets
1,478
1,360
1,084
975
1,003
Accounts payable
323
274
200
227
275
Accrued liabilities
38.4
47.7
32.8
43.5
43.5
Deferred revenue
15.2
15
14.2
16.6
19.5
Short-term debt
9.08
0
465
220
125
Total current liabilities
1,153
1,191
916
722
686
Long-term debt
0
0
Lease liabilities
195
98.3
80
107
128
Other non-current liabilities
10.9
10.9
17.8
19.6
21.1
Total liabilities
1,359
1,300
1,014
849
835
Total debt
9.08
0
Paid-in capital
2,147
2,019
1,981
1,943
2,039
Retained earnings
-2,003
-1,969
-1,927
-1,834
-1,882
Treasury stock
-1.11
-3
-2.91
-7.01
-8.58
Other comprehensive income
-28.9
-1.72
2.98
7.35
0.57
Shareholders' equity
114
45
53.9
109
149
Total equity
114
45
53.9
109
149
Total liabilities and equity
1,478
1,360
1,084
975
1,003
Cash flow statement
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-1,009
-117
-12.9
41.7
33.1
Depreciation and amortization
33.4
29.6
21.8
15.7
13.9
Stock-based compensation
49.5
34.2
19.2
16.2
11.2
Deferred income tax
0
0
0
0
0
Change in receivables
-24
3.88
5.1
-2.57
-9.76
Change in inventory
-23.7
-9.77
18.7
-11.2
-2.41
Change in payables
75.1
-24.9
-65.4
32.6
37.2
Cash from operations
-889
12.7
-33
127
76.6
Capital expenditures
-70.9
-18.4
-11.7
-13.5
-25.4
Purchases of investments
-1,425
-938
-1,150
-781
-677
Cash from investing
-638
-6.83
73.1
65.1
61.4
Debt issued
0
0
Debt repaid
-13.7
-8.39
0
0
Cash from financing
1,419
161
-132
-236
-106
Net change in cash
-122
172
-91.4
-43.8
31
Free cash flow
-960
-5.73
-44.8
114
51.2
Interest paid
12.1
19.4
14.6
6.4
2.29
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $2.22 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
0.5%
Operating income / revenue.
EBITDA margin
0.9%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
1.0%
Pre-tax income / revenue.
Net margin
1.0%
Net income / revenue.
FCF margin
1.5%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
2.2%
Cash from operations / revenue.
Effective tax rate
3.8%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
25.7%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
3.3%
Net income / average total assets.
Stock-based pay / revenue
0.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.7%
Capital expenditures / revenue.
D&A / revenue
0.4%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
10.2%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-0.3%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y
-35.9%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-27.3%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-20.6%
Net income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-39.8%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
82.2%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y
-55.1%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
36.0%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
49.0%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
2.9%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-9.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.05x
Current assets / current liabilities.
Quick ratio
0.87x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.83x
(Cash + short-term investments) / current liabilities.
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
33.2%
Capital expenditures / cash from operations, when that is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$524.4M
Share price x shares outstanding.
Enterprise value
-$44.2M
Market cap + total debt - cash - short-term investments.
P/E
15.8x
Market cap / net income. Only when net income is positive.
P/S
0.15x
Market cap / revenue.
P/B
3.52x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
3.52x
Market cap / tangible book value, when positive.
P/FCF
10.3x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
6.85x
Market cap / cash from operations, when positive.
FCF yield
9.8%
Free cash flow / market cap.
Earnings yield
6.3%
Net income / market cap (the inverse of P/E).
What was Dingdong (Cayman) Ltd's revenue in fiscal 2025?
Dingdong (Cayman) Ltd reported revenue of $3.48B for fiscal 2025, 10.2% higher than the year before.
Was Dingdong (Cayman) Ltd profitable in fiscal 2025?
Yes. Net income was $33.1M, a net margin of 1%.
How much free cash flow did Dingdong (Cayman) Ltd generate in fiscal 2025?
Cash from operations of $76.6M minus capital expenditures of $25.4M left free cash flow of $51.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.