Fangdd Network Group Ltd. income statement

In fiscal 2025, Fangdd Network Group Ltd. reported revenue of $49.4m, up 4.8% on the year before, operating income of −$18.5m (a -37.6% margin) and net income of −$11.8m, or −$1.80 per diluted share. 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.

Fangdd Network Group Ltd.: income statement, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	266	346	521	355	146	37	40	47	49
Cost of revenue	210	274	412	295	130	33	34	39	41
Gross profit	56	72	110	60	17	4	6	9	9
Research and development	28	31	105	44	26	10	5	3	4
Selling and marketing	6	9	7	6	10	2	0	1	1
General and administrative	23	22	75	44	129	29	38	21	23
Operating income	−1	11	−78	−33	−148	−37	−37	−17	−19
Net interest income	—	—	—	—	—	—	−0	0	0
Provision for credit losses	0	−0	0	0	4	−3	0	—	—
Income before tax	0	16	−73	−30	−185	−35	−13	3	−15
Income tax	0	1	1	2	1	1	−0	−1	−3
Net income	0	16	−74	−32	−182	−36	−13	4	−12
Diluted EPS	−$0.00	−$0.00	−$0.02	−$0.00	−$0.01	−$9.83	−$5.05	$0.63	−$1.80
Diluted shares (average)	9,457m	9,457m	10,879m	19,933m	20,224m	4m	3m	7m	7m
EBITDA	4	13	−77	−32	−147	−37	−37	−17	−17

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 Fangdd Network Group Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Fangdd Network Group Ltd.