Fangdd Network Group Ltd.(DUO)Earnings, Financials & Key Ratios
DUO•NASDAQ•REIT / Real Estate
1.7× P/E·Price updated Jun 19, 2026
SectorReal EstateIndustryReal Estate ServicesSub-IndustryReal estate data, listings and marketplaces
AboutFangdd Network Group Ltd., an investment holding company, provides real estate information services through online platforms in the People's Republic of China. It operates Property Cloud, a software as a service solution for real estate sellers. The company also operates platforms for real estate agents, including Duoduo Sales, which offers real estate agents with instant access to marketplace functionalities and allows them to conduct transactions on the go; Duoduo Cloud Agency that provides a suite of tools and services to agencies to migrate business management from offline to online; Duoduo Cloud Sales, which connects agents to property database and buyer base, allowing them to source, manage, and complete transactions online; and provides supply-chain financial products and support transactions, as well as online and offline, and project-specific training and guidance services. In addition, it operates Fangduoduo that offers personalized services to potential real estate buyers; and provides information matching, real estate agency, financial, and channel services. Further, the company operates www.fangdd.com that offers real estate agents and real estate buyers region-specific real estate news, information, property data, and access to shared-interest online communities; and offers data analysis services. As of December 31, 2021, its marketplace had approximately 378 thousand active agents and covers 157 million properties in China. The company was founded in 2011 and is headquartered in Shenzhen, the People's Republic of China.Show more
- Revenue$339M+19.0%
- FFO$32M+136.0%
- FFO/Share3.63+116.3%
- FFO Payout0%
- FFO per Share3.63+116.3%
- NOI Margin18.21%+26.0%
- FFO Margin9.56%+130.3%
- ROE10.73%+116.8%
- ROA4.11%+141.3%
DUO Key Insights
Fangdd Network Group Ltd. (DUO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓FFO growing 62.8% TTM
- ✓Trading at only 0.1x book value
✗Weaknesses
- ✗Weak momentum: RS Rating 7 (bottom 7%)
- ✗Low NOI margin of 18.2%
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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DUO Price & Volume
Fangdd Network Group Ltd. (DUO) stock price & volume — 10-year historical chart
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DUO Growth Metrics
Fangdd Network Group Ltd. (DUO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-37.65%
3 Years-28.87%
TTM51.55%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM62.5%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM82.6%
Return on Capital
10 Years-55.84%
5 Years-84.26%
3 Years-100.54%
Last Year-40.23%
DUO Peer Comparison
Fangdd Network Group Ltd. (DUO) competitors in Real estate data, listings and marketplaces — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 KE | 615.76M | 25.30 | 37.21 | -13.29% | 1.81% | 4.52% | 0.26 | |
 COMP | 6.09B | 10.01 | -100.10 | 23.67% | 0.17% | 1.11% | 0.58 | |
 OPEN | 3.43B | 4.47 | -2.63 | -15.18% | -35.25% | -163.25% | 0.19 | |
 HOUS | 1.98B | 17.64 | -15.34 | 0.99% | -2.18% | -8.37% | 1.95 | |
 Z | 7.72B | 32.11 | 354.81 | 15.52% | 2.27% | 1.28% | 0.11 | |
 RMAX | 197.23M | 9.79 | 24.48 | -5.23% | 0.13% | |||
 EXPI | 753.34M | 4.73 | -33.79 | 4.48% | -0.35% | -7.05% | ||
 DOUG | 156.36M | 1.72 | 10.12 | 3.76% | 0.5% | 3.26% | 0.56 |
Compare DUO vs Peers
Fangdd Network Group Ltd. (DUO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DUO Income Statement
Fangdd Network Group Ltd. (DUO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.48B | 1.8B | 2.28B | 3.6B | 2.45B | 942.38M | 245.95M | 284.96M | 339.1M | 402.53M |
Revenue Growth % | - | 21.87% | 26.89% | 57.72% | -31.9% | -61.56% | -73.9% | 15.86% | 19% | 51.55% |
Property Operating Expenses | 1.25B | 1.42B | 1.81B | 2.84B | 2.04B | 835.87M | 221.21M | 243.76M | 277.36M | 339.79M |
Net Operating Income (NOI) | 228.4M▲ 0% | 381.59M▲ 67.1% | 476.63M▲ 24.9% | 757.04M▲ 58.8% | 414.47M▼ 45.3% | 106.51M▼ 74.3% | 24.73M▼ 76.8% | 41.19M▲ 66.5% | 61.75M▲ 49.9% | 62.74M▲ 0% |
NOI Margin % | 15.48% | 21.22% | 20.88% | 21.03% | 16.91% | 11.3% | 10.06% | 14.46% | 18.21% | 15.59% |
Operating Expenses | 578.4M | 374.05M | 398.46M | 1.29B | 640.49M | 1.04B | 274.13M | 306.36M | 187.41M | 191.54M |
G&A Expenses | 409.63M | 194.79M | 204.38M | 568.82M | 339.08M | 896.27M | 208.16M | 274.22M | 162.63M | 165.99M |
EBITDA | -339.23M | 25.58M | 83.63M | -531.91M | -222.24M | -949.6M | -246.05M | -263.36M | -124.09M | -128.35M |
EBITDA Margin % | -22.99% | 1.42% | 3.66% | -14.78% | -9.07% | -100.77% | -100.04% | -92.42% | -36.59% | -31.89% |
Depreciation & Amortization | 24.62M | 30.44M | 14.25M | 4.84M | 3.78M | 7.7M | 3.34M | 1.81M | 1.57M | 450.5K |
D&A / Revenue % | 1.67% | 1.69% | 0.62% | 0.13% | 0.15% | 0.82% | 1.36% | 0.64% | 0.46% | 0.11% |
Operating Income | -363.85M▲ 0% | -4.86M▲ 98.7% | 69.38M▲ 1526.3% | -536.76M▼ 873.7% | -226.02M▲ 57.9% | -957.29M▼ 323.5% | -249.39M▲ 73.9% | -265.17M▼ 6.3% | -125.66M▲ 52.6% | -128.8M▲ 0% |
Operating Margin % | -24.66% | -0.27% | 3.04% | -14.91% | -9.22% | -101.58% | -101.4% | -93.06% | -37.06% | -32% |
Interest Expense | 0 | 13.03M | 1.12M | 8.72M | 12.99M | 8.32M | 5.14M | 621K | 0 | 0 |
Interest Coverage | - | 1.23x | 98.01x | -57.11x | -14.91x | -115.10x | -44.16x | -151.97x | - | - |
Non-Operating Income | -13.85M | -20.91M | -40.2M | -38.85M | -32.3M | 0 | -22.43M | -170.8M | -108K | 0 |
Pretax Income | -330.95M▲ 0% | 3.02M▲ 100.9% | 108.46M▲ 3497.3% | -506.62M▼ 567.1% | -206.71M▲ 59.2% | -1.19B▼ 477.7% | -232.1M▲ 80.6% | -94.99M▲ 59.1% | 20.65M▲ 121.7% | -31.91M▲ 0% |
Pretax Margin % | -22.43% | 0.17% | 4.75% | -14.08% | -8.43% | -126.71% | -94.37% | -33.34% | 6.09% | -7.93% |
Income Tax | 1.12M | 2.37M | 4.43M | 3.77M | 14.66M | 8.91M | 7.49M | -1.89M | -7.66M | -4.62M |
Effective Tax Rate % | -0.34% | 78.47% | 4.09% | -0.74% | -7.09% | -0.75% | -3.23% | 1.99% | -37.07% | 14.47% |
Net Income | -332.07M▲ 0% | 649K▲ 100.2% | 104.03M▲ 15928.7% | -510.39M▼ 590.6% | -221.38M▲ 56.6% | -1.17B▼ 429.0% | -244.04M▲ 79.2% | -91.75M▲ 62.4% | 30.83M▲ 133.6% | -24.67M▲ 0% |
Net Margin % | -22.5% | 0.04% | 4.56% | -14.18% | -9.03% | -124.28% | -99.22% | -32.2% | 9.09% | -6.13% |
Net Income Growth % | - | 100.2% | 15928.66% | -590.63% | 56.63% | -429.04% | 79.16% | 62.4% | 133.6% | 62.5% |
Funds From Operations (FFO) | -307.44M▲ 0% | 31.09M▲ 110.1% | 118.28M▲ 280.5% | -505.55M▼ 527.4% | -217.59M▲ 57.0% | -1.16B▼ 434.7% | -240.7M▲ 79.3% | -89.94M▲ 62.6% | 32.41M▲ 136.0% | -24.22M▲ 0% |
FFO Margin % | -20.83% | 1.73% | 5.18% | -14.05% | -8.88% | -123.46% | -97.87% | -31.56% | 9.56% | -6.02% |
FFO Growth % | - | 110.11% | 280.46% | -527.41% | 56.96% | -434.7% | 79.31% | 62.63% | 136.03% | -516.3% |
FFO per Share | -1828.61 | 184.91 | 703.51 | -2613.86 | -614.02 | -3235.90 | -651.35 | -22.29 | 3.63 | -8.05 |
FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
EPS (Diluted) | -3190.53▲ 0% | -1355.03▲ 57.5% | -857.44▲ 36.7% | -6581.17▼ 667.5% | -621.63▲ 90.6% | -3257.30▼ 424.0% | -660.40▲ 79.7% | -22.74▲ 96.6% | 3.45▲ 115.2% | -8.20▲ 0% |
EPS Growth % | - | 57.53% | 36.72% | -667.54% | 90.55% | -423.99% | 79.73% | 96.56% | 115.17% | 82.6% |
EPS (Basic) | -3190.53 | -1355.03 | -857.44 | -6560.55 | -621.63 | -3257.30 | -660.40 | -22.74 | 3.45 | - |
Diluted Shares Outstanding | 168.13K | 168.13K | 168.13K | 193.41K | 354.37K | 359.55K | 369.53K | 4.03M | 8.93M | 3.01M |
DUO Balance Sheet
Fangdd Network Group Ltd. (DUO) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 1.88B | 2.84B | 2.88B | 4.37B | 4.05B | 1.91B | 1.08B | 769.9M | 731.19M | 679M |
Asset Growth % | - | 51.14% | 1.24% | 51.85% | -7.41% | -52.74% | -43.72% | -28.49% | -5.03% | -3.53% |
Real Estate & Other Assets | 27.77M | 4.31M | 23.91M | 7.25M | 7.49M | 0 | 0 | 6.13M | 0 | 219.16M |
PP&E (Net) | 48.63M | 22.12M | 15.45M | 8.3M | 14.49M | 14.56M | 5.24M | 2M | 16.8M | 0 |
Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
Total Current Assets | 1.75B | 2.72B | 2.43B | 3.73B | 3.48B | 1.63B | 858.89M | 613.08M | 548.62M | 459.85M |
Cash & Equivalents | 1.02B | 573.69M | 443.59M | 1.1B | 843.45M | 492.11M | 143.93M | 121.73M | 75.35M | 34.65M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 238.29M | 884.02M | 350.63M | 3.11B | 92.58M | 24.13M | 64.8M | 22.17M | 14.13M | 110.02M |
Intangible Assets | 0 | 0 | 0 | 0 | 7.42M | 0 | 0 | 1.13M | 1M | 0 |
Total Liabilities | 3.37B | 4.45B | 4.75B | 2.78B | 2.58B | 1.61B | 981.28M | 578.4M | 347.89M | 297.79M |
Total Debt | 0 | 663.1M | 395M | 490M | 443.44M | 134.78M | 74.53M | 140K | 1.46M | 10.34M |
Net Debt | -1.02B | 89.41M | -48.59M | -613.75M | -400M | -357.33M | -69.4M | -121.59M | -73.89M | -24.3M |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Short-Term Borrowings | 0 | 663.1M | 395M | 490M | 443.44M | 134.78M | 72.5M | 0 | 0 | 9.74M |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 2.04M | 140K | 1.46M | 4.14M |
Total Current Liabilities | 1.09B | 2.09B | 1.99B | 2.77B | 2.56B | 1.58B | 949.72M | 549.72M | 326.58M | 277.13M |
Accounts Payable | 255.1M | 593.47M | 1.13B | 1.9B | 1.8B | 1.18B | 659.22M | 395.43M | 180.74M | 102.13M |
Deferred Revenue | 76.63M | 58.88M | 41.7M | 44.92M | 68.3M | 68.03M | 43.3M | 31.55M | 23.48M | 0 |
Other Liabilities | 2.28B | 2.36B | 2.76B | 11.91M | 23.84M | 28.57M | 30.77M | 28.65M | 21.18M | 20.66M |
Total Equity | -1.49B▲ 0% | -1.6B▼ 7.9% | -1.87B▼ 16.4% | 1.59B▲ 185.1% | 1.47B▼ 7.7% | 303.68M▼ 79.3% | 95.39M▼ 68.6% | 191.5M▲ 100.7% | 383.3M▲ 100.2% | 381.21M▲ 0% |
Equity Growth % | - | -7.88% | -16.44% | 185.1% | -7.74% | -79.29% | -68.59% | 100.74% | 100.16% | 260.82% |
Shareholders Equity | -1.49B | -1.6B | -1.87B | 1.59B | 1.44B | 313.26M | 100.12M | 195.84M | 386.34M | 380.19M |
Minority Interest | 0 | 0 | 0 | 0 | 22.54M | -9.58M | -4.72M | -4.35M | -3.04M | 1.02M |
Common Stock | 0 | 0 | 0 | 1K | 1K | 1K | 1K | 17K | 136K | 380.19M |
Additional Paid-in Capital | 55.05M | 55.05M | 55.05M | 4.88B | 4.98B | 5.03B | 5.05B | 5.24B | 5.39B | 0 |
Retained Earnings | -1.28B | -1.51B | -1.65B | -2.92B | -3.14B | -4.31B | -4.56B | -4.65B | -4.62B | 0 |
Preferred Stock | 5.51M | 5.51M | 5.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | -17.65% | 0.03% | 3.64% | -14.08% | -5.26% | -39.29% | -16.33% | -9.94% | 4.11% | -3.5% |
Return on Equity (ROE) | - | - | - | -32.12% | -14.49% | -132.36% | -122.3% | -63.96% | 10.73% | -6.45% |
Debt / Assets | - | 23.32% | 13.72% | 11.21% | 10.95% | 7.05% | 6.92% | 0.02% | 0.2% | 1.52% |
Debt / Equity | - | - | - | 0.31x | 0.30x | 0.44x | 0.78x | 0.00x | 0.00x | 0.03x |
Net Debt / EBITDA | - | 3.50x | -0.58x | - | - | - | - | - | - | 0.19x |
Book Value per Share | -8841.37 | -9538.17 | -11106.29 | 8216.03 | 4136.87 | 844.60 | 258.15 | 47.46 | 42.94 | 126.64 |
DUO Cash Flow Statement
Fangdd Network Group Ltd. (DUO) cash flow — operating, investing & free cash flow history
| Metric | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -177.29M | -674.43M | 129.48M | 118.51M | -325M | -60.62M | -126.98M | -186.12M | -60.37M | -54.5M |
Operating CF Growth % | - | -280.42% | 119.2% | -8.47% | -374.23% | 81.35% | -109.48% | -46.57% | 67.56% | 90.19% |
Operating CF / Revenue % | -12.01% | -37.5% | 5.67% | 3.29% | -13.26% | -6.43% | -51.63% | -65.31% | -17.8% | -13.54% |
Net Income | -332.07M | 649K | 104.03M | -510.39M | -221.38M | -1.2B | -239.59M | -93.1M | 28.3M | -24.67M |
Depreciation & Amortization | 24.62M | 30.44M | 14.25M | 4.84M | 3.78M | 7.7M | 3.34M | 1.81M | 1.57M | 1.1M |
Stock-Based Compensation | 0 | 0 | 0 | 745.87M | 102.75M | 47.07M | 16.72M | 105K | 18K | 18K |
Other Non-Cash Items | 13.1M | 8.82M | -493K | 51.92M | 69.07M | 869.36M | 162.59M | 49.38M | -61.36M | 33.77M |
Working Capital Changes | 116.87M | -713.43M | -3.73M | -174.92M | -281.13M | 214.83M | -70.05M | -144.31M | -28.91M | -64.73M |
Cash from Investing | -194.91M | 212.13M | -349.86M | -151.81M | 5.85M | -43.73M | -159.27M | 31.43M | -145.98M | -148.75M |
Acquisitions (Net) | -21M | -45.5M | -307.95M | -216.43M | 105.34M | -34.48M | -14.26M | 45.55M | -17.86M | -3K |
Purchase of Investments | -293M | -756M | -1.27B | -456.17M | -1.27B | -104.14M | -464.91M | -63.81M | -334.45M | 0 |
Sale of Investments | 143.58M | 1.02B | 1.23B | 518.92M | 1.27B | 107.1M | 320.06M | 49.98M | 237.56M | 0 |
Other Investing | -170.42M | 216.75M | -341.42M | 3.57M | -92.06M | 252K | 40K | 0 | 0 | -118.61M |
Cash from Financing | -2.41M | 663.1M | -268.1M | 593.44M | -46.56M | -307.13M | -58.65M | 119.83M | 146.63M | 145.39M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debt Issuance (Net) | 0 | 1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | -2.41M | 0 | 0 | 0 | 0 | 1.53M | 490K | 635K | 58.07M | 145.39M |
Net Change in Cash | -327.43M▲ 0% | 160.78M▲ 149.1% | -469.4M▼ 392.0% | 539.65M▲ 215.0% | -397.84M▼ 173.7% | -419.79M▼ 5.5% | -333.49M▲ 20.6% | -38.85M▲ 88.4% | -54.41M▼ 40.1% | 0▲ 0% |
Exchange Rate Effect | 47.17M | -40.02M | 19.08M | -20.48M | -32.14M | -8.32M | 11.41M | -3.99M | 5.31M | 4.95M |
Cash at Beginning | 1.43B | 1.1B | 1.26B | 794.22M | 1.33B | 936.03M | 516.24M | 182.75M | 143.9M | 0 |
Cash at End | 1.1B | 1.26B | 794.22M | 1.33B | 936.03M | 516.24M | 182.75M | 143.9M | 89.48M | 0 |
Free Cash Flow | -201.77M▲ 0% | -679.05M▼ 236.5% | 121.04M▲ 117.8% | 116.82M▼ 3.5% | -335.24M▼ 387.0% | -73.08M▲ 78.2% | -127.18M▼ 74.0% | -186.41M▼ 46.6% | -91.61M▲ 50.9% | -84.65M▲ 0% |
FCF Growth % | - | -236.54% | 117.82% | -3.49% | -386.98% | 78.2% | -74.03% | -46.58% | 50.86% | -40.51% |
FCF / Revenue % | -13.67% | -37.76% | 5.3% | 3.25% | -13.68% | -7.75% | -51.71% | -65.42% | -27.02% | -21.03% |
DUO Key Ratios
Fangdd Network Group Ltd. (DUO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 184.91 | 703.51 | -2.61K | -614.02 | -3.24K | -651.35 | -22.29 | 3.63 | -8.05 |
FFO Payout Ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
NOI Margin | 21.22% | 20.88% | 21.03% | 16.91% | 11.3% | 10.06% | 14.46% | 18.21% | 15.59% |
Net Debt / EBITDA | 3.50x | -0.58x | - | - | - | - | - | - | 0.19x |
Debt / Assets | 23.32% | 13.72% | 11.21% | 10.95% | 7.05% | 6.92% | 0.02% | 0.2% | 1.52% |
Interest Coverage | 1.23x | 98.01x | -57.11x | -14.91x | -115.10x | -44.16x | -151.97x | - | - |
Book Value / Share | -9.54K | -11.11K | 8.22K | 4.14K | 844.6 | 258.15 | 47.46 | 42.94 | 126.64 |
Revenue Growth | 21.87% | 26.89% | 57.72% | -31.9% | -61.56% | -73.9% | 15.86% | 19% | 51.55% |
Related:DUO Dividend History·DUO Revenue History·DUO Price History·DUO P/E History·DUO Financial Ratios·DUO Institutional Holders
DUO Frequently Asked Questions
Fangdd Network Group Ltd. (DUO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Fangdd Network Group Ltd. (DUO) reported $402.5M in revenue for fiscal year 2024. This represents a 73% decrease from $1.48B in 2016.
Fangdd Network Group Ltd. (DUO) grew revenue by 19.0% over the past year. This is strong growth.
Fangdd Network Group Ltd. (DUO) reported a net loss of $24.7M for fiscal year 2024.
Dividend & Returns
Fangdd Network Group Ltd. (DUO) has a return on equity (ROE) of 10.7%. This is reasonable for most industries.
Industry Metrics
Fangdd Network Group Ltd. (DUO) generated Funds From Operations (FFO) of $-24.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.