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PDD Holdings Inc.

PDDNasdaqServices-Business Services, NECFiscal year ends December 31
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 29, 2026Score 11/30
$81.68+3.07 (+3.91%)

Close on Nov 2, 2026Market cap $116.26BP/E 8.3Yield –

PDD Net Cash From/Used in Financing Activities (legacy by Quarter

Net Cash From/Used in Financing Activities (legacy through FY2025Q4, Q1–Q2 2026 is 0 — RMB million) (M)

QuarterlyAnnual

PDD Net Cash From/Used in Financing Activities (legacy: -5,229M in Q4 2025, down 1,742,933.3% from a year earlier.

Latest, Q4 2025
-5,229
Period ended Dec 31, 2025
Change on a year earlier
-1,742,933.3%
0.30 in Q4 2024
History
35 quarters
Since Q2 2017
Sources
31
Documents cited below

Where the Q4 2025 figure comes from

“|| Net cash generated from/(used in) financing activities | 274 | (5,228,476 | ) | (747,662 | ) | 1,164 | (5,227,353 | ) | (747,502 | )”

Source: PDD Holdings Inc. Form 6-K (tm269789d1_ex99-1.htm, filed 2026-03-26) ↗

Includes discrete periods FY2019Q2 = 6M − Q1 and FY2020Q3 = 9M − 6M from cumulative cash flow statements.

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedNet Cash From/Used in Financing Activities (legacy through FY2025Q4, Q1–Q2 2026 is 0 — RMB million) (M)Year on yearSource
Q4 2025Dec 31, 2025-5,229-1,742,933.3%PDD Holdings Inc. Form 6-K (tm269789d1_ex99-1.htm, filed 2026-03-26) ↗
Q3 2025Sep 30, 20250.60+500.0%PDD Holdings Inc. Form 6-K (tm2531580d1_ex99-1.htm, filed 2025-11-18) ↗
Q2 2025Jun 30, 20250.40-42.9%PDD Holdings Inc. Form 6-K (tm2524268d1_ex99-1.htm, filed 2025-08-25) ↗
Q1 2025Mar 31, 20250.20–PDD Holdings Inc. Form 6-K (tm2516198d1_ex99-1.htm, filed 2025-05-27) ↗
Q4 2024Dec 31, 20240.30-100.0%PDD Holdings Inc. Form 6-K (tm269789d1_ex99-1.htm, filed 2026-03-26) ↗
Q3 2024Sep 30, 20240.10-75.0%PDD Holdings Inc. Form 6-K (tm2531580d1_ex99-1.htm, filed 2025-11-18) ↗
Q2 2024Jun 30, 20240.70-90.3%PDD Holdings Inc. Form 6-K (tm2524268d1_ex99-1.htm, filed 2025-08-25) ↗
Q1 2024Mar 31, 20240-100.0%PDD Holdings Inc. Form 6-K (tm2516198d1_ex99-1.htm, filed 2025-05-27) ↗
Q4 2023Dec 31, 2023-8,968-94,503.2%PDD Holdings Inc. Form 6-K (tm259886d1_ex99-1.htm, filed 2025-03-20) ↗
Q3 2023Sep 30, 20230.40+33.3%PDD Holdings Inc. Form 6-K (tm2429127d1_ex99-1.htm, filed 2024-11-21) ↗
Q2 2023Jun 30, 20237.20+2,300.0%PDD Holdings Inc. Form 6-K (tm2422641d1_ex99-1.htm, filed 2024-08-26) ↗
Q1 2023Mar 31, 20230.10–PDD Holdings Inc. Form 6-K (tm2415048d1_ex99-1.htm, filed 2024-05-22) ↗
Q4 2022Dec 31, 20229.50+4,650.0%PDD Holdings Inc. Form 6-K (tm249325d1_ex99-1.htm, filed 2024-03-21) ↗
Q3 2022Sep 30, 20220.30+200.0%PDD Holdings Inc. Form 6-K (tm2331648d1_ex99-1.htm, filed 2023-11-28) ↗
Q2 2022Jun 30, 20220.30-100.0%PDD Holdings Inc. Form 6-K (tm2325046d1_ex99-1.htm, filed 2023-08-29) ↗
Q1 2022Mar 31, 20220-100.0%PDD Holdings Inc. Form 6-K (tm2317221d1_ex99-1.htm, filed 2023-05-30) ↗

Breakdown

What makes up net Cash From/Used in Financing Activities (legacy

Cite this data

StockData. (2026). PDD Net Cash From/Used in Financing Activities (legacy (M), quarterly Q2 2017–Q4 2025 [Data set]. Compiled from PDD SEC filings and investor materials. https://stockdatahq.com/stocks/pdd/kpis/sec-cf-financing-rmb-m-317

See every metric in the PDD KPI table. Data updated Oct 27, 2026.