PDD Balance Sheet
NASDAQ: PDDConsumer DiscretionaryBusiness ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
PDD financial position
At the end of fiscal 2025, PDD reported total assets of $90.10 billion, up 30.2% from a year earlier against total liabilities of $30.98 billion. Shareholders' equity stood at $59.11 billion, or 65.6% of assets. The company held $15.57 billion in cash and equivalents.
The current ratio (current assets divided by current liabilities) was 2.43, meaning short-term assets cover obligations due within a year.
Summary generated from market data by MetaCap's automated system. Methodology
PDD balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20202021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 15.57B | 7.91B | 8.42B | 4.98B | 1.01B | 3.44B | 828.55M | 2.06B |
| Short-Term Investments | 44.82B | 37.51B | 22.17B | 16.69B | 13.58B | 9.89B | 5.07B | 1.11B |
| Inventory | — | — | — | — | 2.23M | 263.36M | — | — |
| Total Current Assets | 74.21B | 56.94B | 41.51B | 31.41B | 25.25B | 22.92B | 10.49B | 5.87B |
| Property, Plant & Equipment | 186.76M | 120.47M | 137.97M | 151.49M | 345.75M | 31.09M | 5.93M | 4.23M |
| Intangible Assets | 2.20M | 2.63M | 2.98M | 19.43M | 110.04M | 195.67M | 286.46M | 375.15M |
| Total Assets | 90.10B | 69.19B | 49.03B | 34.38B | 28.44B | 24.35B | 10.92B | 6.28B |
| Accounts Payable | 4.67B | 3.87B | 2.38B | 576.87M | 306.26M | 174.34M | 700.55M | 323.71M |
| Total Current Liabilities | 30.56B | 25.81B | 21.54B | 16.95B | 14.71B | 12.86B | 6.57B | 3.54B |
| Total Liabilities | 30.98B | 26.27B | 22.65B | 17.30B | 16.65B | 15.13B | 7.38B | 3.54B |
| Shareholders' Equity | 59.11B | 42.92B | 26.37B | 17.08B | 11.79B | 9.22B | 3.54B | 2.74B |
| Retained Earnings | 40.63B | 25.68B | 10.58B | 2.20B | -2.78B | -3.90B | -2.63B | -1.65B |
| Net Cash (Debt) | 60.39B | 45.42B | 30.59B | 21.67B | 14.58B | 13.33B | 5.90B | 3.17B |
| Shares Outstanding | 5.69B | 5.57B | 5.50B | 5.28B | — | — | — | 4.46B |
This table shows 8 annual periods of PDD's balance sheet, from FY 2025 back to FY 2018, across 14 line items including cash & equivalents, short-term investments, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow PDD's reporting calendar. What is a balance sheet?