Complete Filing Data
PDD Holdings Inc. reported Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents of $126.19 billion for FY2024.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean PDD Holdings Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|
| Net Income * | $15.40B | $60.03B | $31.54B | $7.77B | -$7.18B | -$6.97B | -$10.22B | -$525.1M | -$292.0M |
| Selling And Marketing Expense | $15.25B | $82.19B | $54.34B | $44.80B | $41.19B | $27.17B | $13.44B | $1.34B | $169.0M |
| Revenue From Contract With Customer Excluding Assessed Tax | $53.96B | $247.64B | $130.56B | $93.95B | $59.49B | $30.14B | $13.12B | $1.74B | $504.9M |
| Research And Development Expense | $12.66B | $10.95B | $10.38B | $8.99B | $6.89B | $3.87B | $1.12B | $129.2M | $29.4M |
| Other Nonoperating Income Expense | $427.4M | $2.95B | $2.22B | $656.3M | $193.7M | $82.8M | -$12.4M | $1.4M | -$2.0M |
| Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent | $2.61B | $1.33B | $5.86B | -$1.47B | -$2.50B | $412.4M | $1.06B | -$47.7M | $20.0M |
| Operating Income Loss | $14.85B | $58.70B | $30.40B | $6.90B | -$9.38B | -$8.54B | -$10.80B | -$595.7M | -$286.2M |
| Operating Expenses | $131.51B | $97.22B | $68.69B | $55.34B | $49.59B | $32.34B | $21.01B | $1.62B | $213.2M |
| Net Income Loss Available To Common Stockholders Basic | $15.40B | $60.03B | $31.54B | $7.77B | -$7.18B | -$6.97B | -$10.30B | -$498.7M | -$322.4M |
| General And Administrative Expense | $7.55B | $4.08B | $3.96B | $1.54B | $1.51B | $1.30B | $6.46B | $133.2M | $14.8M |
| Cost Of Revenue | $153.90B | $91.72B | $31.46B | $31.72B | $19.28B | $6.34B | $2.91B | $722.8M | $577.9M |
| Comprehensive Income Net Of Tax | $115.54B | $61.43B | $37.38B | $6.30B | -$9.68B | -$6.56B | -$9.16B | -$572.8M | -$272.0M |
| Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments | $18.18B | $71.88B | $36.42B | $9.46B | -$7.26B | -$7.00B | -$10.22B | -$525.1M | |
| Income Loss From Equity Method Investments | $17.2M | -$4.7M | -$155.3M | $246.8M | $83.7M | $28.7M | |||
| Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Income Tax Expense Benefit | $20.27B | $11.85B | $4.73B | $1.93B | $0.00 | $0.00 | $0.00 | ||
| Gross Profit | $99.10B | $62.23B | $40.21B | $23.80B | $10.21B | $1.02B | -$73.0M | ||
| Advances To Customer And Deferred Revenue Current | $2.95B | $2.14B | $1.39B | $1.17B | $2.42B | $606.0M | $191.5M | ||
| Interest Expense | $44.0M | $51.7M | $1.23B | $757.3M | $145.9M |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $126.19B | $121.78B | $92.30B | $66.04B | $74.84B | $33.35B | $30.54B | $12.43B | $1.32B | $240.4M |
| Stockholders Equity | $313.31B | $187.24B | $117.77B | $75.11B | $60.18B | $24.65B | $18.82B | -$992.0M | -$426.3M | -$127.9M |
| Cash And Cash Equivalents At Carrying Value | $57.77B | $59.79B | $34.33B | $6.43B | $22.42B | $5.77B | $14.16B | $3.06B | $1.32B | |
| Restricted Cash Current | $68.43B | $61.99B | $57.97B | $59.62B | $52.42B | $27.58B | $16.38B | $9.37B | ||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect | $604.8M | $29.48B | $26.26B | -$8.80B | $41.50B | $2.81B | $18.11B | $11.11B | $1.08B | |
| Gain Loss On Sale Of Property Plant Equipment | -$529.0K | -$1.8M | -$10.7M | $258.0K | -$24.0K | -$175.0K | -$13.0K | -$64.0K | ||
| Short Term Investments | $37.51B | $157.42B | $115.11B | $86.52B | $64.55B | $35.29B | $7.63B | $50.0M | ||
| Right Of Use Assets And Lease Liabilities Recognized | $2.97B | $3.92B | $1.07B | $704.1M | $265.8M | $632.5M | ||||
| Retained Earnings Accumulated Deficit | $25.68B | $75.12B | $15.19B | -$17.71B | -$25.48B | -$18.30B | -$11.33B | -$1.03B | ||
| Receivables From Online Payment Platforms Current | $504.1M | $3.91B | $587.7M | $673.7M | $729.5M | $1.05B | $247.6M | $88.2M | ||
| Property Plant And Equipment Net | $120.5M | $979.6M | $1.04B | $2.20B | $202.9M | $41.3M | $29.1M | $9.3M | ||
| Prepaid Expense And Other Assets Current | $604.6M | $4.21B | $2.30B | $3.42B | $5.16B | $950.3M | $954.0M | $127.7M | ||
| Payable To Merchants Current | $12.56B | $75.00B | $63.32B | $62.51B | $53.83B | $29.93B | $17.28B | $9.84B | ||
| Other Assets Noncurrent | $83.41B | $47.95B | $16.86B | $16.43B | $7.28B | $503.1M | $182.7M | $5.0M | ||
| Liabilities Current | $25.81B | $152.90B | $116.89B | $93.73B | $83.88B | $45.77B | $24.36B | $12.11B | ||
| Liabilities And Stockholders Equity | $69.19B | $348.08B | $237.12B | $181.21B | $158.91B | $76.06B | $43.18B | $13.31B | ||
| Liabilities | $191.72B | $160.84B | $119.35B | $106.10B | $98.73B | $51.41B | $24.36B | $12.11B | ||
| Deposit Liability Current | $16.46B | $16.88B | $15.06B | $13.58B | $10.93B | $7.84B | $4.19B | $1.78B | ||
| Assets Noncurrent | $89.39B | $53.33B | $20.50B | $20.30B | $9.38B | $3.06B | $2.79B | $176.6M | ||
| Assets Current | $415.65B | $294.75B | $216.62B | $160.91B | $149.52B | $73.00B | $40.39B | $13.14B | ||
| Assets | $69.19B | $348.08B | $237.12B | $181.21B | $158.91B | $76.06B | $43.18B | $13.31B | ||
| Accumulated Other Comprehensive Income Loss Net Of Tax | $1.07B | $4.72B | $3.32B | -$2.52B | -$1.05B | $1.45B | $1.04B | -$23.1M | ||
| Accounts Payable And Accrued Liabilities Current | $69.14B | $55.35B | $20.96B | $14.09B | $11.19B | $4.88B | $2.23B | $360.4M | ||
| Intangible Assets Net Excluding Goodwill | $2.6M | $21.1M | $134.0M | $701.2M | $1.28B | $1.99B | $2.58B | |||
| Operating Lease Right Of Use Asset | $693.8M | $4.10B | $1.42B | $938.5M | $629.8M | $517.2M | ||||
| Operating Lease Liability Noncurrent | $3.19B | $2.64B | $870.8M | $544.3M | $414.9M | $428.6M | ||||
| Operating Lease Liability Current | $2.11B | $1.64B | $602.0M | $427.2M | $253.0M | $115.7M | ||||
| Liabilities Noncurrent | $451.9M | $7.94B | $2.46B | $12.37B | $14.85B | $5.64B | ||||
| Operating Lease Right Of Use Asset Amortization Expense | $264.7M | $1.10B | $510.9M | $348.9M | $148.9M | $73.2M | ||||
| Investments Fair Value Adjustments | -$933.9M | -$1.01B | $242.2M | $22.2M | -$104.1M |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|
| Share Based Compensation | $1.35B | $7.08B | $7.72B | $4.77B | $3.61B | $2.56B | $6.84B | $13.4M | $4.1M |
| Proceeds From Sale Of Short Term Investments | $20.18B | $130.32B | $141.93B | $97.55B | $55.08B | $24.80B | $50.0M | $1.63B | $30.0M |
| Payments To Acquire Short Term Investments | $210.27B | $147.13B | $160.41B | $116.64B | $86.44B | $52.45B | $7.52B | $1.39B | $320.0M |
| Net Cash Provided By Used In Operating Activities | $121.93B | $94.16B | $48.51B | $28.78B | $28.20B | $14.82B | $7.77B | $9.69B | $879.8M |
| Net Cash Provided By Used In Investing Activities | -$16.21B | -$55.43B | -$22.36B | -$35.56B | -$38.36B | -$28.32B | -$7.55B | $71.7M | -$307.3M |
| Net Cash Provided By Used In Financing Activities | $1.2M | -$8.96B | $10.1M | -$1.88B | $51.80B | $15.85B | $17.34B | $1.40B | $486.5M |
| Increase Decrease In Prepaid Deferred Expense And Other Assets | $107.1M | $2.12B | -$758.3M | -$1.74B | $4.05B | -$12.4M | $790.7M | $87.6M | -$98.7M |
| Increase Decrease In Payables To Merchants | $16.89B | $11.62B | $749.4M | $8.69B | $23.93B | $12.65B | $7.44B | $8.72B | $1.09B |
| Increase Decrease In Merchant Deposits | -$418.1M | $1.82B | $1.48B | $2.65B | $3.09B | $3.65B | $2.41B | $1.56B | $219.5M |
| Increase Decrease In Due To Related Parties | -$436.9M | -$437.6M | -$286.6M | -$1.42B | $1.88B | $1.02B | $402.1M | $51.1M | -$42.3M |
| Increase Decrease In Due From Related Parties | $19.3M | $1.10B | $2.07B | $10.1M | $1.64B | $886.9M | $576.1M | $350.3M | $2.7M |
| Increase Decrease In Accrued Liabilities And Other Operating Liabilities | $1.89B | $34.26B | $7.00B | $3.49B | $5.85B | $2.65B | $1.86B | $318.4M | -$95.4M |
| Proceeds From Sale Of Property Plant And Equipment | $540.0K | $450.0K | $40.0K | $394.0K | $51.0K | $475.0K | $39.0K | $362.0K | |
| Payments To Acquire Longterm Investments | $6.01B | $25.05B | $6.80B | $13.63B | $6.72B | $214.1M | $184.6M | $15.0M | |
| Increase Decrease In Accounts Receivable | -$6.7M | $3.33B | -$86.0M | -$55.8M | -$321.4M | $803.4M | $159.4M | $77.9M | |
| Increase Decrease In Other Noncurrent Assets | -$22.0M | $184.2M | $34.5M | $23.1M | $13.2M | $69.5M | |||
| Increase Decrease In Advances To Customers And Deferred Revenue | $802.4M | $755.0M | $222.9M | -$1.26B | $1.82B | $414.5M | $135.0M | ||
| Increase Decrease In Other Noncurrent Liabilities | -$996.0K | -$1.9M | -$4.5M | $7.4M | |||||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -$145.2M | -$139.9M | $450.1M | $546.9M | -$47.7M | $20.4M |
Per-Share & Share Counts
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share Diluted | $19.00 | $10.29 | $5.48 | $1.36 | $-1.51 | $-1.51 | $-3.47 | $-0.28 | $-0.18 |
| Earnings Per Share Basic | $20.31 | $11.08 | $6.24 | $1.55 | $-1.51 | $-1.51 | $-3.47 | $-0.28 | $-0.18 |
| Weighted Average Number Of Shares Outstanding Basic | 5.5M | 5.4M | 5.1M | 5.01B | 4.77B | 4.63B | 2.97B | 1.76B | 1.82B |
| Weighted Average Number Of Diluted Shares Outstanding | 5.9M | 5.8M | 5.8M | 5.71B | 4.77B | 4.63B | 2.97B | 1.76B | 1.82B |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|
| Investment Income Interest | $2.82B | $10.24B | $4.00B | $3.06B | $2.46B | $1.54B | $584.9M | $80.8M | $4.5M |
| Foreign Currency Transaction Gain Loss Before Tax | $80.5M | $35.7M | -$149.7M | $71.8M | $225.2M | $63.2M | $10.0M | -$11.5M | $475.0K |
| Depreciation And Amortization | $97.1M | $786.2M | $2.22B | $1.50B | $651.5M | $637.8M | $497.0M | $2.3M | $756.0K |
| Interest Income Operating | $387.4M | $1.35B | $606.4M | $147.0M | $469.5M | $209.6M | $78.3M | $2.6M | |
| Capital Expenditures Incurred But Not Yet Paid | $43.7M | $257.2M | $136.4M | $194.4M | $162.6M | $2.2M | $1.3M | $198.0K | |
| Additional Paid In Capital | $16.14B | $107.29B | $99.25B | $95.34B | $86.70B | $41.49B | $29.11B | $61.3M | |
| Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value | $9.88B | $7.08B | $7.72B | $4.77B | $3.61B | $2.56B | $6.58B | $13.4M | $4.1M |
Most recent annual filing with the SEC: April 28, 2025
Data sourced from SEC EDGAR public filings as of August 7, 2026.