PDD Holdings Inc. (PDD)PDDPDD Holdings Inc.

Balance Sheet

Assets, liabilities, and equity analysis

Quarterly Balance Sheet (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Total Current Assets	77.472B	77.472B	74.241B	72.512B	66.432B	61.685B	56.927B	55.108B	49.484B
Cash & Cash Equivalents	28.770B	28.770B	26.140B	12.974B	8.823B	9.661B	7.912B	9.302B	7.807B
Short-Term Investments	45.198B	45.198B	44.833B	46.536B	45.201B	40.553B	37.499B	34.641B	31.387B
Cash & Short-Term Investments	73.968B	73.968B	70.973B	59.510B	54.024B	50.214B	45.410B	43.943B	39.195B
Accounts Receivable	2.242B	2.242B	2.191B	2.127B	838.347M	1.775B	1.664B	1.983B	1.579B
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	219.046M	0.00	0.00
Total Assets	92.077B	92.077B	90.128B	86.185B	79.147B	73.084B	69.169B	66.499B	59.528B
Property, Plant & Equipment	830.668M	830.668M	882.536M	871.873M	117.670M	886.039M	814.046M	811.409M	701.716M
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	2.166M	2.166M	2.201M	2.295M	2.414M	2.511M	2.626M	2.862M	2.896M
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Current Liabilities	30.559B	30.559B	30.358B	30.785B	28.184B	27.142B	25.806B	25.642B	23.500B
Accounts Payable	15.760B	15.760B	15.365B	14.124B	13.330B	12.745B	12.663B	11.793B	10.986B
Short-Term Debt	361.261M	361.261M	357.433M	737.028M	737.882M	730.412M	727.202M	0.00	34K
Total Liabilities	30.939B	30.939B	30.776B	31.221B	28.649B	27.664B	26.258B	26.824B	24.591B
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	737.359M	724.129M
Total Debt	739.559M	739.559M	769.442M	1.499B	1.530B	1.550B	1.453B	1.458B	1.343B
Net Debt (Cash)	-28.030B	-28.030B	-25.370B	-11.475B	-7.293B	-8.110B	-6.459B	-7.844B	-6.464B
Total Shareholders' Equity	61.138B	61.138B	59.353B	54.965B	50.498B	45.420B	42.911B	39.676B	34.937B
Common Stock	0.00	0.00	26K	25K	25K	25K	25K	26K	25K
Retained Earnings	42.842B	42.842B	40.868B	36.827B	32.504B	27.850B	25.702B	22.809B	18.602B
Current Ratio	2.54	2.54	2.45	2.36	2.36	2.27	2.21	2.15	2.11
Debt to Equity Ratio	0.01	0.01	0.01	0.03	0.03	0.03	0.03	0.04	0.04

Annual Balance Sheet (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	74.241B	56.927B	41.516B	31.390B	25.324B	22.907B	10.483B	5.873B
Cash & Cash Equivalents	26.140B	7.912B	8.422B	4.974B	1.011B	3.435B	828.312M	2.059B
Short-Term Investments	44.833B	37.499B	22.172B	16.681B	13.616B	9.889B	5.067B	1.110B
Cash & Short-Term Investments	70.973B	45.410B	30.594B	21.655B	14.627B	13.324B	5.896B	3.168B
Accounts Receivable	2.191B	1.664B	1.047B	485.683M	547.211M	598.565M	424.592M	184.156M
Inventory	0.00	219.046M	-16.825M	0.00	2.234M	263.260M	0.00	0.00
Total Assets	90.128B	69.169B	49.027B	34.361B	28.519B	24.345B	10.922B	6.279B
Property, Plant & Equipment	882.536M	814.046M	716.150M	356.613M	494.466M	127.567M	80.195M	4.228M
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	2.201M	2.626M	2.979M	19.418M	110.358M	195.598M	286.380M	375.036M
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Current Liabilities	30.358B	25.806B	21.536B	16.938B	14.751B	12.851B	6.572B	3.542B
Accounts Payable	15.365B	16.426B	12.944B	9.752B	10.145B	8.422B	4.342B	2.512B
Short-Term Debt	357.433M	727.202M	91.351M	2.012B	0.00	285.920M	129.060M	0.00
Total Liabilities	30.776B	26.258B	22.654B	17.295B	16.697B	15.126B	7.383B	3.542B
Long-Term Debt	0.00	0.00	736.860M	228.343M	1.855B	2.211B	747.680M	0.00
Total Debt	769.442M	1.453B	1.432B	2.454B	2.008B	2.599B	954.905M	0.00
Net Debt (Cash)	-25.370B	-6.459B	-6.990B	-2.520B	996.785M	-835.569M	126.594M	-2.059B
Total Shareholders' Equity	59.353B	42.911B	26.373B	17.066B	11.822B	9.219B	3.539B	2.737B
Common Stock	26K	25K	25K	25K	25K	24K	21K	21K
Retained Earnings	40.868B	25.702B	10.580B	2.202B	-2.787B	-3.903B	-2.627B	-1.647B
Current Ratio	2.45	2.21	1.93	1.85	1.72	1.78	1.60	1.66
Debt to Equity Ratio	0.01	0.03	0.05	0.14	0.17	0.28	0.27	0.00

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About PDD Holdings Inc.

PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. It operates Pinduoduo platform which provides various product categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverages, consumer electronics, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness, and auto accessories; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.

Dublin

23,465 employees

www.pddholdings.com

Consumer Cyclical / Software - Services

Sector: Consumer Cyclical
Industry: Software - Services
CEO: Lei Chen

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