Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.
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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Dingdong (Cayman) Limited is a Chinese online retail enterprise that provides a comprehensive selection of food products. Its offerings span fresh produce, meats, seafood, and prepared meals, alongside a diverse assortment of groceries including dairy, baked goods, snacks, oils, seasonings, and beverages. The company manages its operations primarily through its self-operated digital platform, Dingdong Fresh.
How they make money
Dingdong operates a fresh grocery e-commerce business in China, utilizing a direct-to-consumer model supported by a network of regional fulfillment centers and frontline stations. The company generates revenue primarily through the sale of fresh food, groceries, and household products via its mobile application, leveraging proprietary supply chain technology and in-house production plants for private label goods to manage costs and ensure product quality.
Products & services
Fresh produce, meat, seafood, dairy, prepared meals, and various household grocery items.
Brands & revenue mix
Dingdong
Primary brand for the company's grocery e-commerce platform and private label products.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Individual retail consumers in mainland ChinaSource
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
Agricultural producers and food manufacturers — Various third-party suppliers of fresh produce, meat, and packaged food products; specific supplier names are not disclosed.Source
Competitors
Meituan — Competes in the local on-demand delivery and grocery e-commerce market in China.Source
Alibaba (Freshippo) — Operates a retail grocery chain and online delivery platform in China.Source
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly revenue fell 98.8% versus the same quarter last year.
Check comparable business scope and currency, then separate volume, pricing and divestitures. One weaker quarter does not establish that the same decline will continue.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
50
Fair
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
55
Fair
Financial Strength
69
Business Quality / Moat
36
Management
100
Growth Quality
7
Risk / Durability
42
Cheap for a Reason · Review the Risks
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
70
Fully Valued
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
63/100
Building Historical Record
Model Score 63/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
What we like
•Balance-sheet / debt profile scores strongly
•Valuation scores attractively
•Recent buyback activity is present
What to watch
•Revenue fundamentals are weak
Company-specific research
Questions worth answering for DDL
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•What is driving DDL's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
•Is DDL's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•How is DDL likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•Is DDL's valuation discount tied to a temporary concern or to a longer-term business risk?
•What does the current fundamental change risk warning mean for the reliability or interpretation of DDL's score?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for DDL
Detected from reported data — verify before acting.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on DDL.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Advanced supply chain and logistics infrastructure.
+Proprietary technology for demand forecasting and inventory management.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Grocery Stores industry.
−Intense competition in the grocery e-commerce industry.
−Regulatory risks associated with operating in China.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdown
Wall Street Score
Fair50/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Strong
88
Debt Cost0.7%
Debt Reduction YoY19.5%
Debt / Equity2.34x
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Revenue
Weak
45
Revenue YoY-46.2%
Revenue CAGR10.4%
Net Margin4.1%
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Asset
Fair
55
Asset Growth YoY-1.4%
Liquidation/Share$1.07
Net Assets/MCap2.63x
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Capital
Strong
70
Earnings Yield17.5%
Buyback Yield0.5%
Debt Cost0.7%
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Management
Elite
100
ROIC177.9%
ROE38.0%
ROA6.6%
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Moat
Poor
36
EPS Growth-28.5%
FCF/Share Growth-56.9%
Rev/Share Growth-1.0%
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Valuation
Elite
92
Intrinsic Value$3.29
Value Reference$1.98
MOS35.3%
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Buffett
Fair
69
Revenue45
Moat36
Valuation92
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MOS
Strong
88
MOS %35.3%
Value Reference$1.98
Deep Discount Reference$1.32
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Financial
Poor
33
Interest Coverage7.8x
ROIC177.9%
FCF Yield11.2%
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Master
Fair
56
Financial33
Valuation92
Debt88
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Resilience
Weak
40
Survival Years0.6 yrs
Current Ratio1.05x
FCF Margin1.4%
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Score Changes
6 historical score records available
Previous Score
59
Sep 17, 2026
Change
-8.9
points
Current Score
50
Oct 1, 2026
Category Changes
Revenue0
Debt0
Assets0
Capital0
Management0
Moat0
Valuation+2.8
Buffett+0.3
DDL decreased 8.9 points because some fundamentals weakened.
Positive Contributors
+ Valuation improved by 2.8 points
Projected Score
Projected Score
55
Projected Change
+5.1 points
Preliminary comparable-period financial changes suggest improvement of approximately 5.1 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
Revenue
$1.95B
$3.63B
$3.43B
$2.97B
····
····
····
····
Cost of Revenue
$1.40B
$2.57B
$2.40B
$2.06B
····
····
····
····
Gross Profit
$549.7M
$1.06B
$1.03B
$911.6M
····
····
····
····
Research & Development
$67.6M
$122.4M
$119.1M
$119.5M
····
····
····
····
SG&A Expenses
$84.1M
$143.4M
$141.1M
$111.9M
····
····
····
····
Operating Expenses
$559.7M
$1.04B
$1.00B
$931.0M
····
····
····
····
EBITDA
-$1.8M
$52.9M
$71.8M
$27.1M
····
····
····
····
Operating Income
-$10.0M
$19.6M
$31.9M
-$19.4M
····
····
····
····
Interest Expense
$894K
$2.5M
$7.0M
$14.7M
····
····
····
····
Income Before Tax
-$2.0M
$35.9M
$47.7M
-$10.7M
····
····
····
····
Income Tax Expense
$568K
$1.4M
$2.4M
$2.9M
····
····
····
····
Net Income
$80.6M
$33.0M
$43.9M
-$14.9M
····
····
····
····
Basic EPS
$0.37
$0.15
$0.20
$-0.10
····
····
····
····
Basic Shares
217M
217M
216M
132M
····
····
····
····
Diluted Shares
217M
219M
225M
144M
····
····
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
Cash position grew
Debt reduced
Potential Score Impact
Positive indicators included EPS growth, cash levels, debt levels, net income margin. Pressure indicators included revenue growth. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 98.8%. EPS increased 159.6%. Cash increased 53.5%. Total debt declined 97.3%. Net income margin improved by 365.8 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
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Premium
5 Years
$———.——
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10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.