DDC Enterprise Ltd income statement

In fiscal 2025, DDC Enterprise Ltd reported revenue of $38.1m, up 0.4% on the year before, operating income of −$34.3m (a -90.0% margin) and net income of −$49.6m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

DDC Enterprise Ltd: income statement, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	32	27	29	38	38
Cost of revenue	26	20	22	27	26
Gross profit	6	7	7	11	12
Research and development	0	—	—	—	—
Selling and marketing	9	3	2	3	1
General and administrative	10	8	12	14	11
Operating income	−18	−12	−21	−19	−34
Interest expense	4	5	2	2	3
Non-interest income	0	0	0	0	—
Non-interest expense	4	5	2	2	—
Income before tax	−71	−18	−22	−21	−45
Income tax	0	0	1	1	2
Net income	−71	−18	−23	−24	−50
EBITDA	−17	−11	−20	−18	−34

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from DDC Enterprise Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to DDC Enterprise Ltd.