← Fangdd Network Group Ltd.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $443.6m | $1.1b | $843.4m | $492.1m | $143.9m | $121.7m | $75.4m | $29.3m | |
| Short-term investments | $71.5m | $11.5m | $9.0m | $6.2m | $2.0m | $15.3m | $113.6m | $114.9m | |
| Accounts receivable, net | $1.4b | $2.2b | $2.3b | $884.7m | $471.0m | $314.6m | $196.0m | $147.9m | |
| Inventories | — | — | — | — | $11.2m | $12.5m | $5.4m | $5.0m | |
| Total current assets | $2.4b | $3.7b | $3.5b | $1.6b | $858.9m | $613.1m | $548.6m | $390.1m | |
| Property, plant and equipment, net | $15.4m | $8.3m | $14.5m | $14.6m | $3.0m | $1.8m | $15.4m | $32.8m | |
| Intangible assets, net | — | — | $7.4m | — | — | $1.1m | $1.0m | $234.1m | |
| Prepayments and other assets, net | $211.0m | $194.7m | $186.0m | $220.2m | $192.0m | $126.7m | $144.1m | $82.6m | |
| Right-of-use assets | — | — | — | — | $2.2m | $183k | $1.4m | $877k | |
| Restricted cash | $350.6m | $230.1m | $92.6m | $24.1m | $38.8m | $22.2m | $14.1m | $3.3m | |
| Amounts due from related parties | — | — | — | — | — | — | — | $7.0m | |
| Equity method investments, net | $346.2m | $579.3m | $468.6m | $257.1m | $206.1m | $145.7m | $162.8m | $118.4m | |
| Long-term equity investments, net | — | — | — | — | — | $3.0m | $2.0m | $12.0m | |
| Amounts due to related parties (including amounts due to related parties of consolidated VIE without resource to the Company of RMB23,900 and RMB17,158 as of December 31, 2024 and 2025, respectively) | — | — | — | — | — | $58.2m | $23.9m | $17.2m | |
| Customers’ refundable fees (including customers’ refundable fees of consolidated VIE without recourse to the Company of RMB14,433 and RMB17,201 as of December 31, 2024 and 2025, respectively) | $41.7m | $44.9m | $36.1m | $31.0m | $30.7m | $31.6m | $15.9m | $18.2m | |
| Income tax payables (including income tax payables of consolidated VIE without recourse to the Company of RMB11 and RMB87 as of December 31, 2024 and 2025, respectively) | $12.6m | $11.9m | $23.8m | $28.6m | $30.8m | $28.7m | $21.2m | $710k | |
| Lease liabilities (including lease liabilities of consolidated VIE without recourse to the Company of RMB671 and RMB230 as of December 31, 2024 and 2025, respectively) | — | — | — | $0 | $1.2m | $29k | $130k | $806k | |
| Ordinary shares, value | — | $1k | $1k | $1k | $1k | $17k | $136k | $2.5m | |
| Non-controlling interests | — | — | $22.5m | ($9.6m) | ($4.7m) | ($4.3m) | ($3.0m) | $489k | |
| Total non-current assets | $450.0m | $642.1m | $572.7m | $285.7m | $217.8m | $156.8m | $182.6m | $398.2m | |
| Total non-current liabilities | $12.6m | $11.9m | $24.0m | $28.6m | $31.6m | $28.7m | $21.3m | — | |
| Total Fangdd Network Group Ltd. shareholders’ equity | ($1.9b) | $1.6b | $1.4b | $313.3m | $100.1m | $195.8m | $386.3m | $578.4m | |
| Total shareholders’ equity | — | $1.6b | $1.5b | $303.7m | $95.4m | $191.5m | $383.3m | $578.9m | |
| Total assets | $2.9b | $4.4b | $4.0b | $1.9b | $1.1b | $769.9m | $731.2m | $788.3m | |
| Accounts payable (including accounts payable of consolidated VIE without recourse to the Company of RMB98,175 and RMB63,450 as of December 31, 2024 and 2025, respectively) | $1.1b | $1.9b | $1.8b | $1.2b | $659.2m | $395.4m | $180.7m | $72.8m | |
| Accrued expenses and other payables (including accrued expenses and other payables of consolidated VIE without recourse to the Company of RMB69,174 and RMB62,111 as of December 31, 2024 and 2025, respectively) | $425.5m | $338.6m | $281.6m | $238.2m | $181.1m | $117.6m | $104.6m | $99.7m | |
| Total current liabilities | $2.0b | $2.8b | $2.6b | $1.6b | $949.7m | $549.7m | $326.6m | $209.4m | |
| Total liabilities | $2.0b | $2.8b | $2.6b | $1.6b | $981.3m | $578.4m | $347.9m | $209.4m | |
| Additional paid-in capital | $55.1m | $4.9b | $5.0b | $5.0b | $5.1b | $5.2b | $5.4b | $5.7b | |
| Accumulated other comprehensive loss | ($274.5m) | ($368.9m) | ($397.0m) | ($404.9m) | ($393.8m) | ($398.2m) | ($383.2m) | ($394.2m) | |
| Accumulated deficit | ($1.7b) | ($2.9b) | ($3.1b) | ($4.3b) | ($4.6b) | ($4.6b) | ($4.6b) | ($4.7b) | |
| Total liabilities and shareholders’ equity | $2.9b | $4.4b | $4.0b | $1.9b | $1.1b | $769.9m | $731.2m | $788.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.