tradmap

DUO Financials Fangdd Network Group Ltd.

7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 12.4% per year over the past 5 years.

Financial health

  • Operating income covered interest expense -614.9× in the latest year.
  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
-$184M -$67M $51M $0 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-93% -37% 18% 0% 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$12M -$6M $0 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $79M $159M 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$50M $18M $85M $0 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $51M -$12M 17.9% -37.6% -$12M $4M
2024 $46M $4M 18.2% -37.1% -$11M $10M
2023 $40M -$13M 14.5% -93.1% $17M
2022 -$35M $21M
2021 -$184M $77M
2020 -$34M $129M
2019 -$73M $159M

Valuation over time

How the market has priced DUO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 2.7 5.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.3 0.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is DUO growing its revenue and profit?

Over the past 5 years, Fangdd Network Group Ltd.'s revenue has grown 12.4% per year. These are computed facts, not advice.

How much debt does DUO have?

As of FY2025, Fangdd Network Group Ltd. reported — of total debt against $4M of cash; operating income covered interest expense -614.9×.

What is DUO's profit margin?

In FY2025, gross margin was 17.9%, operating margin -37.6%, and net margin -23.9%.

What is DUO's P/E ratio?

As of Jun '26, Fangdd Network Group Ltd. traded at a price-to-earnings ratio of about 2.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.