What is Didi Global Inc's earnings per share (EPS)?

Didi Global Inc (DIDIY) reported diluted earnings per share of $-0.06 for fiscal year 2023. This represents a 98.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Didi Global Inc Financials

DIDIY

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2023 Currency USD FYE December

This page shows Didi Global Inc (DIDIY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI DIDIY FY2023 2026-04-22

DiDi’s return to cash-positive operations came mainly from a leaner cost structure, not from heavier financing.

Free cash flow turned positive at $746M even while operating margin remained slightly negative at -3.0%, which shows the business crossed an important cash threshold before it fully repaired reported operating profitability. Revenue recovered toward its earlier scale, but SG&A fell to $1.2B from $4.5B, indicating that the turnaround was driven largely by a much lower overhead burden and modest reinvestment needs.

Gross margin improved versus the weakest year but sat below the prior rebound peak at 15.3%, so the latest profitability shift looks more like cost discipline than a richer revenue mix. That matters because it suggests the business became less expensive to run, not necessarily easier to monetize.

Liquidity remains comfortable, with cash of $3.8B and a current ratio of 2.3x, so near-term obligations do not appear to be dictating operating decisions. Because leverage is minimal at a debt-to-equity ratio of 0.01x, the recent cash improvement was achieved without leaning on borrowing.

Financial Health Signals

Financial health score pending refresh

We are recalculating Didi Global Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Grey Zone

2.11

Didi Global Inc scores 2.11, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($15.5B) relative to total liabilities ($4.3B). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Didi Global Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

15.48x

For every $1 of reported earnings, Didi Global Inc generates $15.48 in operating cash flow ($1.1B OCF vs $69.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

-49.7x

Didi Global Inc earns $-49.7 in operating income for every $1 of interest expense (-$808.6M vs $16.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$27.1B

YoY+32.7%

Didi Global Inc generated $27.1B in revenue in fiscal year 2023. This represents an increase of 32.7% from the prior year.

EBITDA

-$210.2M

YoY+88.6%

Didi Global Inc's EBITDA was -$210.2M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 88.6% from the prior year.

Net Income

$69.5M

YoY+102.0%

Didi Global Inc reported $69.5M in net income in fiscal year 2023. This represents an increase of 102.0% from the prior year.

EPS (Diluted)

$-0.06

YoY+98.0%

Didi Global Inc earned $-0.06 per diluted share (EPS) in fiscal year 2023. This represents an increase of 98.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$746.2M

YoY+142.5%

Didi Global Inc generated $746.2M in free cash flow in fiscal year 2023, representing cash available after capex. This represents an increase of 142.5% from the prior year.

Cash & Debt

$3.8B

YoY+30.9%

Didi Global Inc held $3.8B in cash against $147.1M in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

15.3%

YoY-2.4pp

Didi Global Inc's gross margin was 15.3% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is down 2.4 percentage points from the prior year.

Operating Margin

-3.0%

YoY+9.7pp

Didi Global Inc's operating margin was -3.0% in fiscal year 2023, reflecting core business profitability. This is up 9.7 percentage points from the prior year.

Net Margin

0.3%

YoY+17.1pp

Didi Global Inc's net profit margin was 0.3% in fiscal year 2023, showing the share of revenue converted to profit. This is up 17.1 percentage points from the prior year.

Return on Equity

0.5%

YoY+25.5pp

Didi Global Inc's ROE was 0.5% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is up 25.5 percentage points from the prior year.

Capital Allocation

R&D Spending

$1.3B

YoY-9.1%

Didi Global Inc invested $1.3B in research and development in fiscal year 2023. This represents a decrease of 9.1% from the prior year.

Share Buybacks

$15.9M

Didi Global Inc spent $15.9M on share buybacks in fiscal year 2023, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$329.7M

YoY-11.0%

Didi Global Inc invested $329.7M in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 11.0% from the prior year.

DIDIY Income Statement

Metric	FY23	FY22	FY21
Revenue	$27.1B+32.7%	$20.4B-25.2%	$27.3B
Cost of Revenue	$22.9B+36.7%	$16.8B-31.8%	$24.6B
Gross Profit	$4.1B+14.5%	$3.6B+36.1%	$2.7B
R&D Expenses	$1.3B-9.1%	$1.4B-6.4%	$1.5B
SG&A Expenses	$1.2B-51.9%	$2.5B-45.3%	$4.5B
Operating Income	-$808.6M+68.7%	-$2.6B+66.0%	-$7.6B
Interest Expense	$16.3M-43.1%	$28.6M-34.3%	$43.6M
Income Tax	$12.6M+2125.5%	$568K-97.8%	$26.1M
Net Income	$69.5M+102.0%	-$3.4B+55.5%	-$7.7B
EPS (Diluted)	$-0.06+98.0%	$-2.96+75.2%	$-11.93

Metric	Q4'23	Q4'22	Q4'21
Revenue	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A
Net Income	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A

DIDIY Balance Sheet

Metric	FY23	FY22	FY21
Total Assets	$20.3B+6.5%	$19.0B-20.8%	$24.0B
Current Assets	$9.2B+24.6%	$7.4B-31.4%	$10.8B
Cash & Equivalents	$3.8B+30.9%	$2.9B-53.4%	$6.3B
Inventory	N/A	N/A	N/A
Accounts Receivable	$463.1M+41.8%	$326.5M-26.5%	$444.3M
Goodwill	$6.5B-2.9%	$6.7B-7.6%	$7.3B
Total Liabilities	$4.3B+37.2%	$3.2B-26.9%	$4.3B
Current Liabilities	$4.0B+36.9%	$2.9B-23.4%	$3.8B
Long-Term Debt	$147.1M+576.7%	$21.7M-91.8%	$263.8M
Total Equity	$13.8B-0.3%	$13.8B-21.4%	$17.6B
Retained Earnings	-$22.4B+3.1%	-$23.1B-8.6%	-$21.3B

Metric	Q4'23	Q4'22	Q4'21
Total Assets	$20.3B+6.5%	$19.0B-20.8%	$24.0B
Current Assets	$9.2B+24.6%	$7.4B-31.4%	$10.8B
Cash & Equivalents	$3.8B+30.9%	$2.9B-53.4%	$6.3B
Inventory	N/A	N/A	N/A
Accounts Receivable	$463.1M+41.8%	$326.5M-26.5%	$444.3M
Goodwill	$6.5B-2.9%	$6.7B-7.6%	$7.3B
Total Liabilities	$4.3B+37.2%	$3.2B-26.9%	$4.3B
Current Liabilities	$4.0B+36.9%	$2.9B-23.4%	$3.8B
Long-Term Debt	$147.1M+576.7%	$21.7M-91.8%	$263.8M
Total Equity	$13.8B-0.3%	$13.8B-21.4%	$17.6B
Retained Earnings	-$22.4B+3.1%	-$23.1B-8.6%	-$21.3B

DIDIY Cash Flow Statement

Metric	FY23	FY22	FY21
Operating Cash Flow	$1.1B+177.7%	-$1.4B+34.2%	-$2.1B
Capital Expenditures	$329.7M-11.0%	$370.3M-64.4%	$1.0B
Free Cash Flow	$746.2M+142.5%	-$1.8B+44.2%	-$3.1B
Investing Cash Flow	-$631.0M+60.5%	-$1.6B-990.1%	$179.6M
Financing Cash Flow	$498.4M+197.0%	-$514.0M-109.3%	$5.5B
Dividends Paid	N/A	N/A	N/A
Share Buybacks	$15.9M	N/A	$32.4M

Metric	Q4'23	Q4'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

DIDIY Financial Ratios

Metric	FY23	FY22	FY21
Gross Margin	15.3%-2.4pp	17.8%+8.0pp	9.8%
Operating Margin	-3.0%+9.7pp	-12.7%+15.2pp	-27.9%
Net Margin	0.3%+17.1pp	-16.9%+11.5pp	-28.4%
Return on Equity	0.5%+25.5pp	-25.0%+19.1pp	-44.0%
Return on Assets	0.3%+18.5pp	-18.1%+14.1pp	-32.3%
Current Ratio	2.29-0.2	2.52-0.3	2.82
Debt-to-Equity	0.010.0	0.00-0.0	0.01
FCF Margin	2.8%+11.3pp	-8.6%+2.9pp	-11.5%

Metric	Q4'23	Q4'22	Q4'21
Gross Margin	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A
Current Ratio	2.29-0.2	2.52-0.3	2.82
Debt-to-Equity	0.010.0	0.00-0.0	0.01
FCF Margin	N/A	N/A	N/A

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Frequently Asked Questions

What is Didi Global Inc's annual revenue?

Didi Global Inc (DIDIY) reported $27.1B in total revenue for fiscal year 2023. This represents a 32.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Didi Global Inc's revenue growing?

Didi Global Inc (DIDIY) revenue grew by 32.7% year-over-year, from $20.4B to $27.1B in fiscal year 2023.

Is Didi Global Inc profitable?

Yes, Didi Global Inc (DIDIY) reported a net income of $69.5M in fiscal year 2023, with a net profit margin of 0.3%.

What is Didi Global Inc's EBITDA?

Didi Global Inc (DIDIY) had EBITDA of -$210.2M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Didi Global Inc have?

As of fiscal year 2023, Didi Global Inc (DIDIY) had $3.8B in cash and equivalents against $147.1M in long-term debt.

What is Didi Global Inc's gross margin?

Didi Global Inc (DIDIY) had a gross margin of 15.3% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.

What is Didi Global Inc's operating margin?

Didi Global Inc (DIDIY) had an operating margin of -3.0% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is Didi Global Inc's net profit margin?

Didi Global Inc (DIDIY) had a net profit margin of 0.3% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Didi Global Inc's return on equity (ROE)?

Didi Global Inc (DIDIY) has a return on equity of 0.5% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.

What is Didi Global Inc's free cash flow?

Didi Global Inc (DIDIY) generated $746.2M in free cash flow during fiscal year 2023. This represents a 142.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Didi Global Inc's operating cash flow?

Didi Global Inc (DIDIY) generated $1.1B in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Didi Global Inc's total assets?

Didi Global Inc (DIDIY) had $20.3B in total assets as of fiscal year 2023, including both current and long-term assets.

What are Didi Global Inc's capital expenditures?

Didi Global Inc (DIDIY) invested $329.7M in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How much does Didi Global Inc spend on research and development?

Didi Global Inc (DIDIY) invested $1.3B in research and development during fiscal year 2023.

Does Didi Global Inc buy back shares?

Yes, Didi Global Inc (DIDIY) spent $15.9M on share buybacks during fiscal year 2023, returning capital to shareholders by reducing shares outstanding.

What is Didi Global Inc's current ratio?

Didi Global Inc (DIDIY) had a current ratio of 2.29 as of fiscal year 2023, which is generally considered healthy.

What is Didi Global Inc's debt-to-equity ratio?

Didi Global Inc (DIDIY) had a debt-to-equity ratio of 0.01 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Didi Global Inc's return on assets (ROA)?

Didi Global Inc (DIDIY) had a return on assets of 0.3% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Didi Global Inc's Altman Z-Score?

Didi Global Inc (DIDIY) has an Altman Z-Score of 2.11, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Didi Global Inc's Piotroski F-Score?

Didi Global Inc (DIDIY) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Didi Global Inc's earnings high quality?

Didi Global Inc (DIDIY) has an earnings quality ratio of 15.48x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Didi Global Inc cover its interest payments?

Didi Global Inc (DIDIY) has an interest coverage ratio of -49.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.