DDL on NYSE

Dingdong (Cayman) Ltd

Dingdong (Cayman) Ltd is a retail-catalog and mail-order houses company, active since 2018.2 It is headquartered in George Town, Cayman Islands.2 Its shares trade on NYSE under the symbol DDL.2

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Last updated Oct 20, 2026.

Overview

$3.5BRevenue, fiscal 20253
$33.1MNet income, fiscal 20253

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  • TickerDDL on NYSE2
  • IndustryRetail-Catalog & Mail-Order Houses2
  • HeadquartersGeorge Town, Cayman Islands2
  • Incorporated inCayman Islands4
  • Business addressNo. 6 Building, 500 Lane, Shengxia Road, Shanghai, F4 2012104
  • Filer categoryLarge accelerated filer4
  • Legal formcompany limited by shares2
  • LEI549300S41MY2F7SBDG732
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O Maples Corporate Services Limited, KY1-1104 George Town, Cayman Islands2
  • Registered withGeneral Registry, SI-3437792

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

0.5%Operating margin3
1.0%Net margin3
10.2%Revenue growth, 20253
22.3%Return on equity3
$51.2MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 99% of the revenue Dingdong (Cayman) Ltd broke down this way in fiscal 2025.

  1. Product24.0B CNY399%up 6% from 2024
  2. Service342.0M CNY31%up 6% from 2024
Products and services by year
Products and services202320242025
Product19.7B CNY22.7B CNY24.0B CNY
Service249.8M CNY323.1M CNY342.0M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs99¢$3.4B
  • Interest0¢$2.4M
  • Income tax0¢$1.3M
  • Profit1¢$33.1M

Out of $3.5B in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending33¢$25.4M
  • Kept or used elsewhere67¢$51.2M

Out of $76.6M of cash from operations.3

Financial statements

Revenue56783$3.5B in 2025+10% since 2021
0$1.0B$2.0B$3.0B$4.0B2021: $3.2B$3.2B20212022: $3.5B$3.5B2022+11%2023: $2.8B$2.8B2023−20%2024: $3.2B$3.2B2024+12%2025: $3.5B$3.5B2025+10%
Operating income56783$18.8M in 2025
-$1.0B-$500.0M0$500.0M2021: -$993.3M-$993.3M20212022: -$110.6M-$110.6M2022−89%2023: -$18.3M-$18.3M2023−83%2024: $29.4M$29.4M20242025: $18.8M$18.8M2025−36%
Net income56783$33.1M in 2025
-$1.5B-$1.0B-$500.0M0$500.0M2021: -$1.0B-$1.0B20212022: -$117.0M-$117.0M2022−88%2023: -$12.9M-$12.9M2023−89%2024: $41.7M$41.7M20242025: $33.1M$33.1M2025−21%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Revenues24.4B CNY23.1B CNY20.0B CNY
Total operating costs and expenses-24.4B CNY-22.9B CNY-20.1B CNY
Other operating (loss)/income, net145.0M CNY92.6M CNY2.3M CNY
(Loss)/income from operations131.7M CNY214.6M CNY-130.1M CNY
Interest income125.6M CNY154.4M CNY157.5M CNY
Interest expenses-16.8M CNY-47.3M CNY-99.0M CNY
Other (expenses)/income, net407.0K CNY-1.3M CNY-269.0K CNY
(Loss)/income before income tax240.9M CNY320.4M CNY-71.9M CNY
Income tax expenses-9.2M CNY-16.0M CNY-19.4M CNY
Net (loss)/income231.7M CNY304.4M CNY-91.3M CNY
Accretion of redeemable noncontrolling interests-10.0M CNY-9.3M CNY-8.6M CNY
Net (loss)/income attributable to ordinary shareholders221.7M CNY295.1M CNY-99.9M CNY
Foreign currency translation adjustments-49.7M CNY32.5M CNY33.1M CNY
Comprehensive (loss)/income182.0M CNY336.9M CNY-58.2M CNY
Comprehensive (loss)/income attributable to ordinary shareholders172.0M CNY327.5M CNY-66.8M CNY

Compare Dingdong (Cayman) Ltd with another company

Corporate structure

Dingdong (Cayman) Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Dingdong (Cayman) Ltd

  • Changlin Liang Filed SC 13G/A on Dingdong (Cayman) Ltd, latest Feb 14, 2024 (3 filings since Feb 15, 2022)
  • HSG Holding Ltd Filed SC 13G/A on Dingdong (Cayman) Ltd, latest Feb 14, 2024
  • SOFTBANK GROUP CORP. Filed SC 13G/A on Dingdong (Cayman) Ltd, latest Feb 13, 2024
  • SB Global Advisers Ltd Filed SC 13G/A on Dingdong (Cayman) Ltd, latest Feb 14, 2023
  • TIGER GLOBAL MANAGEMENT LLC Filed SC 13G/A on Dingdong (Cayman) Ltd, latest Feb 14, 2023
  • CITIC Securities International Co Ltd Filed SC 13G/A on Dingdong (Cayman) Ltd, latest Feb 6, 2023 (2 filings since Jun 6, 2022)
  • CMC Dynamite GP, L.P. Filed SC 13G/A on Dingdong (Cayman) Ltd, latest Jan 30, 2023 (2 filings since Feb 14, 2022)
  • Galileo (PTC) Ltd Filed SC 13G on Dingdong (Cayman) Ltd, latest Feb 14, 2022
  • SC US (TTGP), LTD. Filed SC 13G on Dingdong (Cayman) Ltd, latest Feb 14, 2022
  • GENERAL ATLANTIC, L.P. Filed SC 13G on Dingdong (Cayman) Ltd, latest Feb 11, 2022
  • Capital Today Evergreen Fund, L.P. Filed SC 13G on Dingdong (Cayman) Ltd, latest Feb 9, 2022
  • Dingdong (Cayman) Ltd George Town, Cayman Islands

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Dingdong (Cayman) Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$33.3M3 Dec 31, 2025$24.2M8 Dec 31, 2024+37.8%
Operating-lease assets (leased space)$226.0M3 Dec 31, 2025$200.7M8 Dec 31, 2024+12.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$158.3M3 Dec 31, 2025$121.6M8 Dec 31, 2024+30.2%
Marketable securities, current$410.4M3 Dec 31, 2025$488.0M8 Dec 31, 2024−15.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$81.6M3 Dec 31, 2025$75.8M8 Dec 31, 2024+7.6%

Leadership

Who has led Dingdong (Cayman) Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Song Wang2026–now
  • Chief executive officerSong Wang Mar 18, 2026 to now9
Board members and other officers (8)

Timeline

  1. Mar 18, 2026New chief executive Song Wang becomes CEO9
  2. Oct 15, 2018Founded Dingdong (Cayman) Ltd is founded2

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/202616

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

81 filings to the SEC since October 2021: 5 annual reports, 11 insider forms, 15 large holders, 50 other. The latest 20:

  1. Oct 2, 20266-K EDGAR
  2. Sep 30, 20263/A EDGAR
  3. Sep 16, 20263 EDGAR
  4. Aug 21, 20266-K EDGAR
  5. May 26, 20263 EDGAR
  6. May 22, 20266-K EDGAR
  7. Apr 24, 202620-F EDGAR
  8. Mar 31, 20263 EDGAR
  9. Mar 27, 20266-K EDGAR
  10. Mar 18, 20263 EDGAR
  11. Mar 18, 20263 EDGAR
  12. Mar 18, 20263 EDGAR
  13. Mar 18, 20263 EDGAR
  14. Mar 18, 20263 EDGAR
  15. Mar 18, 20263 EDGAR
  16. Mar 18, 20263 EDGAR
  17. Mar 10, 20266-K EDGAR
  18. Mar 5, 20266-K EDGAR
  19. Mar 5, 20266-K EDGAR
  20. Feb 27, 20266-K EDGAR

The 81 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 55. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Capital Today Evergreen Fund, L.P.11,879,332$22.9M17.7%No change
Galileo (PTC) Ltd11,716,130$22.6M2.0%No change
HSG Holding Ltd10,091,839$19.5M1.6%No change
Boundless Plain Holdings Ltd7,989,001$15.4M3.6%No change
Platinum Investment Management Ltd6,486,507$12.5M3.1%No change
Allspring Global Investments Holdings, LLC3,020,244$5.8M0.0%No change
Vanguard Capital Management LLC3,010,419$5.8M0.0%−81,031
Connor, Clark & Lunn Investment Management Ltd.2,954,267$5.7M0.0%−37,515
Barclays PLC2,853,663$5.5M0.0%No change
Renaissance Technologies LLC1,385,500$2.7M0.0%−17,900
Softbank Group Corp.1,050,000$2.0M0.0%No change
Vanguard Fiduciary Trust Co787,973$1.5M0.0%No change
Schonfeld Strategic Advisors LLC758,255$1.5M0.0%+636,024
First Beijing Investment Ltd622,432$1.2M0.0%−223,520
Morgan Stanley591,411$1.1M0.0%+34,921
UBS Group AG285,837$551.7K0.0%−206,131
State Street Corp265,450$512.3K0.0%−6,965
Public Employees Retirement System Of Ohio218,068$420.9K0.0%−367
Anther Capital Ltd165,400$319.2K0.0%No change
Goldman Sachs Group Inc148,581$286.8K0.0%−8,756
Jane Street Group, LLC141,455$273.0K0.0%−117,282
GAM Holding AG140,000$270.2K0.0%+40,000
Susquehanna Portfolio Strategies, LLC134,863$260.3K0.0%−213,681
California Public Employees Retirement System118,932$229.5K0.0%−5,497
Two Sigma Investments, LP108,798$210.0K0.0%−5,000

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Dingdong (Cayman) Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDingdong (Cayman) Ltd1
  • CIK0001854545
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company28
  • Incorporated inCayman Islands28
  • Fiscal year endsDecember 311
  • Industry code (SIC)5961 Retail-Catalog & Mail-Order Houses1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressNo. 6 Building, 500 Lane, Shengxia Road, Shanghai, F4 2012101
  • Phone86 021 685850111
  • Shares outstanding299,797,728 Common Class A shares; 54,543,800 Common Class B shares as of Dec 31, 202528
  • AuditorErnst & Young Hua Ming LLP, Shanghai PCAOB ID 1408; it also attests to the company’s internal control over financial reporting28
  • On EDGAR sinceApr 16, 20211
  • Filings108 in all: 6-K (34), 3 (10), SC 13G (9), CORRESP (8), SC 13G/A (8), UPLOAD (8), 144 (7), 20-F (5)1
    All 22 form types

    F-1/A (4), EFFECT (2), FWP (2), 3/A (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), DRSLTR (1), F-1 (1), F-1MEF (1), F-6 (1), S-8 (1)

  • Latest filingsAnnual report (20-F) Apr 24, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares (two American depositary shares representing three Class A ordinary share, par value US$0.000002 per share)DDLNew York Stock Exchange
Class A ordinary shares, par value US$0.000002 per shareNew York Stock Exchange

From the cover page of the 20-F filed Apr 24, 2026 (Section 12(b) of the Exchange Act).28

Sources

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