Fangdd Network Group Ltd. (DUO) Revenue History
Annual and quarterly revenue from 2016 to 2024
Compound Annual Growth Rate (CAGR)
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DUO Revenue Growth
Revenue Breakdown (FY 2022)
DUO's revenue distribution by segment and geography for fiscal year 2022
By Product/Segment
DUO Revenue Analysis (2016–2024)
As of May 6, 2026, Fangdd Network Group Ltd. (DUO) generated trailing twelve-month (TTM) revenue of $402.5 million, reflecting explosive growth of +45.3% year-over-year. The most recent quarter (Q2 2025) recorded $101.7 million in revenue, up 0.0% sequentially.
Looking at the longer-term picture, DUO's 5-year compound annual growth rate (CAGR) stands at -37.7%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $3.60 billion in 2019.
Revenue diversification analysis shows DUO's business is primarily driven by Base Commission From Transactions (82%), and Innovation initiatives and other value-added services (18%). With over half of revenue concentrated in Base Commission From Transactions, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including KE (-6.3% YoY), COMP (+40.1% YoY), and OPEN (-15.2% YoY), DUO has outperformed the peer group in terms of revenue growth. Compare DUO vs KE →
DUO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DUOCurrent | $403M | +45.3% | -37.7% | -37.1% | |
 KE | $1.5B | -6.3% | +4.4% | 3.1% | |
 COMP | $7.0B | +40.1% | +13.3% | -0.4% | |
 OPEN | $4.4B | -15.2% | +11.1% | -6.6% | |
 HOUS | $5.7B | +5.3% | -0.6% | 1.1% | |
 Z | $2.6B | +15.2% | +9.7% | -1.3% |
DUO Historical Revenue Data (2016–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $339.1M | +19.0% | $61.7M | 18.2% | $-125,662,000 | -37.1% |
| 2023 | $285.0M | +15.9% | $41.2M | 14.5% | $-265,170,000 | -93.1% |
| 2022 | $245.9M | -73.9% | $24.7M | 10.1% | $-249,393,000 | -101.4% |
| 2021 | $942.4M | -61.6% | $106.5M | 11.3% | $-957,295,000 | -101.6% |
| 2020 | $2.45B | -31.9% | $414.5M | 16.9% | $-226,020,000 | -9.2% |
| 2019 | $3.60B | +57.7% | $757.0M | 21.0% | $-536,757,000 | -14.9% |
| 2018 | $2.28B | +26.9% | $476.6M | 20.9% | $69.4M | 3.0% |
| 2017 | $1.80B | +21.9% | $381.6M | 21.2% | $-4,864,000 | -0.3% |
| 2016 | $1.48B | - | $228.4M | 15.5% | $-363,853,000 | -24.7% |
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Start ComparisonDUO — Frequently Asked Questions
Quick answers to the most common questions about buying DUO stock.
Is DUO's revenue growth accelerating or slowing?
DUO revenue is accelerating at +45.3% year-over-year, exceeding the 5-year CAGR of -37.7%. TTM revenue reached $403M. Growth momentum has increased versus prior periods.
What is DUO's long-term revenue growth rate?
Fangdd Network Group Ltd.'s 5-year revenue CAGR of -37.7% reflects the sustained expansion pattern. Current YoY growth of +45.3% is above this long-term average.
How is DUO's revenue distributed by segment?
DUO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2016-2024 are available for download. Segment mix reveals concentration and diversification trends.