PDD Holdings Inc. (PDD) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$79.28 +2.34% NASDAQ • Public Delayed / 60s Snapshot

PDD Holdings Inc. (PDD) carries a Roarable Rating of C+ (Hold) with 68/100 RQD Confidence. The underlying business is intact, so current owners don’t need to panic-sell—but mixed big-money flow or rich pricing means new buyers can afford to wait for either a pullback or a B-or-higher upgrade.

ROARABLE C+ • HOLD / WATCH Cap $112.85B
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
RQD QUANT TACHOMETERHOLD / WATCH • C+
025507510068
2-of-3 JEV AI Jury Bullish
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw C · Rk B
Cash (16)Whales (10)SEC (16)Macro (14)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+4.5% Base Target
$146 Bull$83 Base$65 Bear
🔴 SUNDAY NIGHT PREP • 7:00 PM ET
WHALE OPTIONS TUG-OF-WAR:62% Call Buyers ($12.5M)
38% PutsMax Pain: $78.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How PDD Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$12.51B (20.3% FCF Margin)
Revenue$61.75BGross Profit $34.75B (56.3%)Cost of Sales $27.00BOp Profit $13.31B (21.6%)OpEx (R&D/SG&A) $21.44BNet Profit$13.99B (22.7%)Tax/Other $0

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $34.88B
FY24
Rev $53.96B
FY25
Rev $61.75B
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$61.75B56.3%21.6%$13.99B$12.51B18.3%
FY 2024$53.96B60.9%27.5%$15.40B$14.28B25.1%
FY 2023$34.88B44%23.7%$8.45B$11.69B17.4%
🔴 SUNDAY NIGHT PREP • 7:00 PM ETHosted Live by Perry Belcher & Guest Forensic Quant Desk

Red-Light Warning Desk: How Pros Profit When Overhyped Stocks Crack (Featuring PDD)

  • ✓Live walkthrough of PDD's RQD Radar, SEC cash-conversion gap & downside levels
  • ✓3 asymmetric Bear/Hedge setups institutions use when 10-year yields stay elevated
  • ✓Includes instant 24/7 email alert whenever any of your stocks flip to Red
RQD INSIDER CLUB UPGRADE$49/YEAR
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PDD // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -21.30%⚡ TESTING RESISTANCE
2026-10-30O $80.00H $81.00L $78.50C $78.61VOL 5.48M
RES: $80.90SUP: $71.78SMA50: $80.30SMA200: $91.06
$118.0$105.5$93.04$80.55$68.06RES $80.90SUP $71.78$78.612026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

PDD Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
-5.2%/yr Implied 5Y Growth

vs. +14.5% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on PDD today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for PDD. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for PDD today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

PDD Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is PDD Holdings Inc. (PDD)?

In FY 2025 (10-K), PDD converted $61.8B of revenue into a 56.3% gross margin, 21.6% operating margin, and $12.5B in free cash flow (20.3% FCF margin).