Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data DiDi Global Inc. 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
Revenue
27,277
20,413
27,096
Cost of revenue
24,615
16,789
22,949
Gross profit
2,662
3,623
4,147
Research and development
1,477
1,383
1,257
Selling and marketing
2,662
1,415
1,469
General and administrative
4,506
2,465
1,185
Operating income
-7,602
-2,584
-809
Interest expense
43.6
28.6
16.3
Other non-operating income
-98
-191
39.4
Pre-tax income
-7,716
-3,448
88
Income tax
26.1
0.57
12.6
Net income to minority interests
1.43
0.12
5.85
Net income
-7,743
-3,448
69.5
EBITDA
-6,653
-1,839
-210
EPS, basic
-11.93
-2.96
-0.06
EPS, diluted
-11.93
-2.96
-0.06
Shares, basic (weighted)
658
1,211
1,225
Shares, diluted (weighted)
658
1,211
1,225
Dividend per share
0.00
Balance sheet
FY2021
FY2022
FY2023
Cash and equivalents
6,297
2,937
3,846
Short-term investments
2,094
2,544
Receivables
444
326
463
Other current assets
621
608
2,008
Total current assets
10,791
7,402
9,222
Property, plant and equipment
1,255
829
610
Lease right-of-use assets
202
202
158
Goodwill
7,278
6,724
6,532
Intangible assets
516
250
95.2
Other non-current assets
267
270
242
Total assets
24,009
19,024
20,258
Deferred revenue
85.7
81.9
126
Total current liabilities
3,832
2,936
4,020
Long-term debt
264
21.7
147
Lease liabilities
103
107
79.3
Other non-current liabilities
48.1
37.2
53.2
Total liabilities
4,323
3,159
4,335
Total debt
264
21.7
147
Paid-in capital
39,448
36,801
35,944
Retained earnings
-21,305
-23,139
-22,413
Treasury stock
-0
Other comprehensive income
-565
141
228
Shareholders' equity
17,583
13,814
13,774
Minority interests
11.4
9.94
24.6
Total equity
17,594
13,824
13,799
Total liabilities and equity
24,009
19,024
20,258
Shares outstanding
1,183
Cash flow statement
FY2021
FY2022
FY2023
Net income
-7,742
-3,448
75.4
Depreciation and amortization
949
746
598
Stock-based compensation
3,869
496
363
Deferred income tax
-61.4
-24.1
-20.5
Change in receivables
-112
-34.7
-197
Cash from operations
-2,105
-1,385
1,076
Capital expenditures
-1,039
-370
-330
Purchases of investments
-2,031
-3,725
-237
Sales and maturities of investments
387
Cash from investing
180
-1,599
-631
Debt issued
1,235
554
1,442
Debt repaid
-1,135
-1,019
-947
Share buybacks
-32.4
-15.9
Cash from financing
5,522
-514
498
Exchange rate effect
-89.8
Net change in cash
3,507
-3,234
957
Free cash flow
-3,144
-1,756
746
Interest paid
39.5
23.3
28
Income taxes paid
52
70.3
72.2
Key metrics
Worked out from the statements above. Latest values use fiscal 2023. Valuation uses the share price of $3.59 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
15.3%
Gross profit / revenue.
Operating margin
-3.0%
Operating income / revenue.
EBITDA margin
-0.8%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
0.3%
Pre-tax income / revenue.
Net margin
0.3%
Net income / revenue.
FCF margin
2.8%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
4.0%
Cash from operations / revenue.
Effective tax rate
14.4%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
0.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
0.4%
Net income / average total assets.
Return on invested capital (ROIC)
-6.6%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
4.6%
Research and development expense / revenue.
Stock-based pay / revenue
1.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
1.2%
Capital expenditures / revenue.
D&A / revenue
2.2%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
32.7%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
14.5%
Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-0.3%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
6.5%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
1.1%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.29x
Current assets / current liabilities.
Quick ratio
1.07x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.96x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.01x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
0.7%
Total debt / total assets.
Liabilities / assets
21.4%
Total liabilities / total assets.
Net debt
-$3.70B
Total debt - cash - short-term investments. Negative means more cash than debt.
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
30.6%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.06
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$0.06
Net income per basic share, as reported (split-adjusted).
Revenue per share
$22.13
Revenue / diluted weighted shares.
FCF per share
$0.61
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.88
Cash from operations / diluted weighted shares.
Book value per share
$11.25
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Share buybacks / free cash flow, when free cash flow is positive.
What was DiDi Global Inc.'s revenue in fiscal 2023?
DiDi Global Inc. reported revenue of $27.10B for fiscal 2023, 32.7% higher than the year before.
Was DiDi Global Inc. profitable in fiscal 2023?
Yes. Net income was $69.5M, a net margin of 0.3%.
How much free cash flow did DiDi Global Inc. generate in fiscal 2023?
Cash from operations of $1.08B minus capital expenditures of $329.7M left free cash flow of $746.2M.
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.