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Fangdd Network Group Ltd. (DUO)

Fangdd Network Group Ltd. reported revenue of $50.7M in fiscal 2025, up 9.2% from a year earlier. It posted a net loss of $12.1M. In fiscal 2025 capital spending exceeded operating cash flow by $12M. At December 31, 2025 it held $4.2M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on May 6, 2026.

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Price
$0.65
+8.51% on the day · September 25, 2026
52-week range $0.42 to $4.10
Market cap
$25M
Revenue (FY2025)
$50.7M
+9.2% year on year
Net margin
-23.9%

What Fangdd Network Group Ltd. does

Fangdd Network Group Ltd. is registered with the SEC under industry code SIC 6500 (Real Estate). Its shares trade on NASDAQ under the ticker DUO.

Revenue and profit by year

Revenue
FY19: $517M $517M FY19FY20: $375.7M $375.7M FY20FY21: $147.9M $147.9M FY21FY22: $35.7M $35.7M FY22FY23: $40.1M $40.1M FY23FY24: $46.5M $46.5M FY24FY25: $50.7M $50.7M FY25
Net income
FY19: -$73.3M -$73.3M FY19FY20: -$33.8M -$33.8M FY20FY21: -$183.8M -$183.8M FY21FY22: -$35.4M -$35.4M FY22FY23: -$12.9M -$12.9M FY23FY24: $4.2M $4.2M FY24FY25: -$12.1M -$12.1M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$50.7M-$19.1M-$12.1M-$1.85-$12M
2024$46.5M-$17.2M$4.2M$0.47-$11.4M
2023$40.1M-$37.3M-$12.9M-$0.00-$26.3M
2022$35.7M-$36.2M-$35.4M-$0.02-$18.4M
2021$147.9M-$150.2M-$183.8M-$0.09-$11.5M
2020$375.7M-$34.6M-$33.8M-$0.02-$51.4M

Full financial statements: income, balance sheet and cash flow

Where DUO ranks in Finance

Revenue$50.7M
#370 of 495 in Finance · Bottom 25%
Revenue growth+9.2%
#222 of 447 in Finance · Top 50%
Net margin-23.9%
#385 of 452 in Finance · Bottom 15%
Free cash flow margin-23.6%
#272 of 322 in Finance · Bottom 16%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Finance

Latest SEC filings

What Fangdd Network Group Ltd. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 28, 2026
  2. July 24, 2026
  3. May 6, 2026
    Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue rose 9.2% to $50.7M versus the prior year; diluted EPS -$1.85 versus $0.47.
  4. April 30, 2026
  5. December 29, 2025
  6. October 24, 2025
  7. September 30, 2025
  8. September 29, 2025
  9. September 26, 2025
  10. August 29, 2025

Recent insider filings (Forms 3, 4 and 144): 6, the latest on March 23, 2026. Insider transactions on SEC

Who owns DUO

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Farzon Holding Ltd13G, passive 14.1% 1,888,859 October 22, 2024

Latest filings below 5%: L1 Capital Global Opportunities Master Fund, Ltd. 0% (February 14, 2025); Sabby Management, LLC 4.9% (January 3, 2025); Xi Zeng 0.1% (December 16, 2024).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

We have not read this company's Form 4 filings yet.

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about DUO

What does Fangdd Network Group Ltd. do?

Fangdd Network Group Ltd. is registered with the SEC under industry code SIC 6500 (Real Estate). Its shares trade on NASDAQ under the ticker DUO.

Is Fangdd Network Group Ltd. profitable?

No. In fiscal 2025 it reported a net loss of $12.1M on revenue of $50.7M.

How much revenue does Fangdd Network Group Ltd. make?

In fiscal 2025 Fangdd Network Group Ltd. reported revenue of $50.7M. That is 9.2% more than a year earlier.

When did Fangdd Network Group Ltd. last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on May 6, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from August 28, 2026.

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Where the numbers come from

Financial figures are the values Fangdd Network Group Ltd. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.