Fangdd Network Group (DUO) Financial Statements & Analysis

Fangdd Network Group (DUO) Income Statement

Fangdd Network Group reported revenue of CNY 354.82M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 4.6% from CNY 339.10M a year earlier. Fangdd Network Group posted a net loss of CNY 84.71M, compared with net income of CNY 30.83M a year earlier. Gross margin was 17.9% and operating margin -37.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was CNY 57.87M, down 43.1% from the same quarter a year earlier.

Fangdd Network Group Income Statement Analysis

Values in billions CNY

Income Statement Balance Sheet Cash Flow Ratios

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Fangdd Network Group Ltd. income statement - Annual data in billions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	0.35	0.34	0.28	0.25	0.94	2.45	3.60	2.28	1.80
Cost of Revenue	0.29	0.28	0.24	0.22	0.84	2.04	2.84	1.81	1.42
Gross Profit	0.06	0.06	0.04	0.02	0.11	0.41	0.76	0.48	0.38
Operating Expenses
Research & Development	0.03	0.02	0.03	0.07	0.17	0.30	0.72	0.20	0.19
Selling, General & Administrative	0.17	0.16	0.27	0.21	0.90	0.34	0.57	0.20	0.19
Operating Expenses	0.20	0.19	0.30	0.26	1.06	0.64	1.29	0.40	0.37
Operating Income	-0.13	-0.13	-0.26	-0.23	-0.96	-0.23	-0.54	0.07	0.00
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.00	0.00	0.00	0.01	-0.01	-0.01	0.01	0.00	0.01
Other Income/Expense	0.03	0.14	0.17	0.01	-0.21	0.02	0.03	0.04	0.01
Income
Income Before Tax	-0.11	0.02	-0.09	-0.23	-1.19	-0.21	-0.51	0.11	0.00
Income Tax Expense	-0.02	-0.01	0.00	0.01	0.01	0.01	0.00	0.00	0.00
Net Income	-0.08	0.03	-0.09	-0.24	-1.17	-0.22	-0.51	0.10	0.00
Net Income - Continuous Operations	-0.08	0.03	-0.09	-0.24	-1.20	-0.22	-0.51	0.10	0.00
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	-0.11	-0.12	-0.26	-0.23	-0.95	-0.22	-0.49	0.12	0.05
EBIT	-0.13	-0.13	-0.26	-0.23	-0.96	-0.23	-	-	-
Depreciation & Amortization	0.02	0.00	0.00	0.00	0.01	0.00	0.00	0.01	0.03
Earnings Per Share
Basic EPS	-13.00	45.00	-358.00	-10800.00	-52117.00	-55686800.00	-6561.00	-857.00	-1355.00
Diluted EPS	-13.00	45.00	-358.00	-10800.00	-52200.00	-55686800.00	-6581.00	-857.00	-1355.00
Basic Shares Outstanding	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Diluted Shares Outstanding	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Fangdd Network Group Financial Statements

What was Fangdd Network Group's revenue in fiscal 2025?

Fangdd Network Group reported revenue of CNY 354.82M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 4.6% from CNY 339.10M a year earlier.

Is Fangdd Network Group profitable?

No. Fangdd Network Group reported a net loss of CNY 84.71M in fiscal 2025. In fiscal 2024 it earned CNY 30.83M.

What is Fangdd Network Group's operating margin?

Fangdd Network Group's operating income was −CNY 133.30M on revenue of CNY 354.82M in fiscal 2025, an operating margin of -37.6%, compared with -37.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition