What is Fangdd Network Group Ltd.'s earnings per share (EPS)?

Fangdd Network Group Ltd. (DUO) reported diluted earnings per share of $0.47 for fiscal year 2024. This represents a 47100.0% 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.

Fangdd Network Group Ltd. Financials

DUO

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows Fangdd Network Group Ltd. (DUO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

Financial Health Signals

Financial Profile 34/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Fangdd Network Group Ltd. has an operating margin of -37.1%, meaning the company retains $-37 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -93.1% the prior year.

Growth

Fangdd Network Group Ltd.'s revenue surged 15.8% year-over-year to $46.5M, reflecting rapid business expansion. This strong growth earns a score of 60/100.

Leverage

Fangdd Network Group Ltd. carries a low D/E ratio of 0.90, meaning only $0.90 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Fangdd Network Group Ltd.'s current ratio of 1.68 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 29/100, which could limit financial flexibility.

Cash Flow

While Fangdd Network Group Ltd. generated -$8.3M in operating cash flow, capex of $3.2M consumed most of it, leaving -$11.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Fangdd Network Group Ltd. generates a 8.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 29/100. This is up from -46.9% the prior year.

Piotroski F-Score Neutral

5/9

Fangdd Network Group Ltd. passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

-1.96x

For every $1 of reported earnings, Fangdd Network Group Ltd. generates $-1.96 in operating cash flow (-$8.3M OCF vs $4.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$46.5M

YoY+15.8%

5Y CAGR-38.2%

Fangdd Network Group Ltd. generated $46.5M in revenue in fiscal year 2024. This represents an increase of 15.8% from the prior year.

EBITDA

-$17.2M

YoY+54.0%

Fangdd Network Group Ltd.'s EBITDA was -$17.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 54.0% from the prior year.

Net Income

$4.2M

YoY+132.7%

Fangdd Network Group Ltd. reported $4.2M in net income in fiscal year 2024. This represents an increase of 132.7% from the prior year.

EPS (Diluted)

$0.47

YoY+47100.0%

Fangdd Network Group Ltd. earned $0.47 per diluted share (EPS) in fiscal year 2024. This represents an increase of 47100.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$11.4M

YoY+56.5%

Fangdd Network Group Ltd. generated -$11.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 56.5% from the prior year.

Cash & Debt

$10.3M

YoY-39.8%

5Y CAGR-42.1%

Fangdd Network Group Ltd. held $10.3M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

18.2%

YoY+3.8pp

5Y CAGR-2.8pp

Fangdd Network Group Ltd.'s gross margin was 18.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 3.8 percentage points from the prior year.

Operating Margin

-37.1%

YoY+56.0pp

5Y CAGR-22.1pp

Fangdd Network Group Ltd.'s operating margin was -37.1% in fiscal year 2024, reflecting core business profitability. This is up 56.0 percentage points from the prior year.

Net Margin

9.1%

YoY+41.3pp

5Y CAGR+23.3pp

Fangdd Network Group Ltd.'s net profit margin was 9.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 41.3 percentage points from the prior year.

Return on Equity

8.0%

YoY+54.8pp

5Y CAGR+40.1pp

Fangdd Network Group Ltd.'s ROE was 8.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 54.8 percentage points from the prior year.

Capital Allocation

R&D Spending

$3.4M

YoY-25.0%

5Y CAGR-49.6%

Fangdd Network Group Ltd. invested $3.4M in research and development in fiscal year 2024. This represents a decrease of 25.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$3.2M

YoY+7421.4%

5Y CAGR+67.0%

Fangdd Network Group Ltd. invested $3.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 7421.4% from the prior year.

DUO Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$46.5M+15.8%	$40.1M+12.6%	$35.7M-75.9%	$147.9M-60.6%	$375.7M-27.3%	$517.0M
Cost of Revenue	$38.0M+10.7%	$34.3M+7.0%	$32.1M-75.5%	$131.2M-58.0%	$312.2M-23.5%	$408.3M
Gross Profit	$8.5M+45.8%	$5.8M+61.8%	$3.6M-78.5%	$16.7M-73.7%	$63.5M-41.6%	$108.7M
R&D Expenses	$3.4M-25.0%	$4.5M-52.7%	$9.6M-63.6%	$26.3M-43.1%	$46.2M-55.6%	$104.1M
SG&A Expenses	$20.9M-45.3%	$38.2M+35.3%	$28.3M-78.3%	$130.5M+182.7%	$46.1M-38.3%	$74.8M
Operating Income	-$17.2M+53.9%	-$37.3M-3.3%	-$36.2M+75.9%	-$150.2M-333.7%	-$34.6M+55.1%	-$77.1M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$1.0M-294.4%	-$266K-124.5%	$1.1M-22.3%	$1.4M-37.8%	$2.2M+315.5%	$541K
Net Income	$4.2M+132.7%	-$12.9M+63.5%	-$35.4M+80.7%	-$183.8M-444.3%	-$33.8M+53.9%	-$73.3M
EPS (Diluted)	$0.47+47100.0%	$-0.00+95.0%	$-0.02+77.8%	$-0.09	N/A	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

DUO Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$100.2M-7.6%	$108.4M-30.5%	$156.1M-48.0%	$300.2M-51.6%	$620.4M-1.2%	$628.0M
Current Assets	$75.2M-13.0%	$86.3M-30.7%	$124.5M-51.2%	$255.4M-52.1%	$532.6M-0.6%	$535.8M
Cash & Equivalents	$10.3M-39.8%	$17.1M-17.8%	$20.9M-73.0%	$77.2M-40.3%	$129.3M-18.5%	$158.5M
Inventory	$737K-58.1%	$1.8M+8.8%	$1.6M	N/A	N/A	N/A
Accounts Receivable	$26.9M-39.4%	$44.3M-35.1%	$68.3M-50.8%	$138.8M-59.8%	$345.1M+9.7%	$314.6M
Goodwill	N/A	N/A	$66K	N/A	$4.8M	N/A
Total Liabilities	$47.7M-41.5%	$81.5M-42.7%	$142.3M-43.7%	$252.5M-36.2%	$395.7M-1.0%	$399.8M
Current Liabilities	$44.7M-42.2%	$77.4M-43.8%	$137.7M-44.5%	$248.1M-36.7%	$392.0M-1.5%	$398.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$52.9M+91.9%	$27.6M+90.0%	$14.5M-70.5%	$49.2M-77.8%	$221.2M-3.1%	$228.3M
Retained Earnings	-$632.7M+3.4%	-$654.9M+0.9%	-$660.8M+2.4%	-$676.9M-40.6%	-$481.6M-14.7%	-$419.7M

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Total Assets	$94.8M-5.4%	$100.2M+8.0%	$92.7M-14.5%	$108.4M-19.1%	$134.1M-14.1%	$156.1M-23.8%	$204.9M-31.7%	$300.2M
Current Assets	$64.2M-14.6%	$75.2M+6.5%	$70.6M-18.2%	$86.3M-23.2%	$112.4M-9.8%	$124.5M-27.2%	$171.0M-33.0%	$255.4M
Cash & Equivalents	$4.8M-53.1%	$10.3M-40.2%	$17.3M+0.7%	$17.1M-4.9%	$18.0M-13.6%	$20.9M-41.6%	$35.7M-53.7%	$77.2M
Inventory	$707K-4.1%	$737K-11.0%	$828K-53.0%	$1.8M+0.9%	$1.7M+7.8%	$1.6M-1.2%	$1.6M	N/A
Accounts Receivable	$23.2M-13.5%	$26.9M	N/A	$44.3M-15.6%	$52.5M-23.2%	$68.3M-32.5%	$101.2M-27.1%	$138.8M
Goodwill	N/A	N/A	$462K	N/A	$63K-4.5%	$66K-2.9%	$68K	N/A
Total Liabilities	$41.6M-12.8%	$47.7M-25.1%	$63.6M-21.9%	$81.5M-18.0%	$99.4M-30.2%	$142.3M-23.3%	$185.4M-26.6%	$252.5M
Current Liabilities	$38.7M-13.5%	$44.7M-25.6%	$60.1M-22.4%	$77.4M-18.4%	$94.9M-31.1%	$137.7M-24.0%	$181.1M-27.0%	$248.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$53.1M+0.3%	$52.9M+80.1%	$29.4M+6.5%	$27.6M-21.9%	$35.3M+143.5%	$14.5M-27.9%	$20.1M-59.1%	$49.2M
Retained Earnings	-$650.1M-2.7%	-$632.7M+0.7%	-$637.4M+2.7%	-$654.9M-4.4%	-$627.2M+5.1%	-$660.8M+1.9%	-$673.4M+0.5%	-$676.9M

DUO Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$8.3M+68.4%	-$26.2M-42.4%	-$18.4M-93.5%	-$9.5M+80.9%	-$49.8M-392.5%	$17.0M
Capital Expenditures	$3.2M+7421.4%	$42K+50.0%	$28K-98.6%	$2.0M+24.4%	$1.6M+546.5%	$243K
Free Cash Flow	-$11.4M+56.5%	-$26.3M-42.4%	-$18.4M-60.8%	-$11.5M+77.7%	-$51.4M-406.1%	$16.8M
Investing Cash Flow	-$20.0M-551.9%	$4.4M+119.2%	-$23.1M-236.6%	-$6.9M-866.6%	$895K+104.1%	-$21.8M
Financing Cash Flow	$20.1M+19.0%	$16.9M+298.5%	-$8.5M+82.4%	-$48.2M-575.5%	-$7.1M-108.4%	$85.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

DUO Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	18.2%+3.8pp	14.5%+4.4pp	10.1%-1.2pp	11.3%-5.6pp	16.9%-4.1pp	21.0%
Operating Margin	-37.1%+56.0pp	-93.1%+8.3pp	-101.4%+0.2pp	-101.6%-92.4pp	-9.2%+5.7pp	-14.9%
Net Margin	9.1%+41.3pp	-32.2%+67.0pp	-99.2%+25.1pp	-124.3%-115.3pp	-9.0%+5.2pp	-14.2%
Return on Equity	8.0%+54.8pp	-46.9%+196.9pp	-243.8%+130.1pp	-373.9%-358.6pp	-15.3%+16.9pp	-32.1%
Return on Assets	4.2%+16.1pp	-11.9%+10.8pp	-22.7%+38.5pp	-61.2%-55.8pp	-5.4%+6.2pp	-11.7%
Current Ratio	1.68+0.6	1.12+0.2	0.90-0.1	1.03-0.3	1.36+0.0	1.35
Debt-to-Equity	0.90-2.1	2.95-6.8	9.80+4.7	5.14+3.3	1.79+0.0	1.75
FCF Margin	-24.6%+40.8pp	-65.4%-13.7pp	-51.7%-44.0pp	-7.8%+5.9pp	-13.7%-16.9pp	3.3%

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.66-0.0	1.68+0.5	1.17+0.1	1.12-0.1	1.18+0.3	0.90-0.0	0.94-0.1	1.03
Debt-to-Equity	0.78-0.1	0.90-1.3	2.17-0.8	2.95+0.1	2.81-7.0	9.80+0.6	9.22+4.1	5.14
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Ohmyhome Limited OMH

$30.8M

CHG

$34.5M

American Strategic Investment Co. NYC

$22.2M

La Rosa Holdings Corp LRHC

$1.7M

Rafael Holdings RFL

$63.5M

Frequently Asked Questions

What is Fangdd Network Group Ltd.'s annual revenue?

Fangdd Network Group Ltd. (DUO) reported $46.5M in total revenue for fiscal year 2024. This represents a 15.8% 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 Fangdd Network Group Ltd.'s revenue growing?

Fangdd Network Group Ltd. (DUO) revenue grew by 15.8% year-over-year, from $40.1M to $46.5M in fiscal year 2024.

Is Fangdd Network Group Ltd. profitable?

Yes, Fangdd Network Group Ltd. (DUO) reported a net income of $4.2M in fiscal year 2024, with a net profit margin of 9.1%.

What is Fangdd Network Group Ltd.'s EBITDA?

Fangdd Network Group Ltd. (DUO) had EBITDA of -$17.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Fangdd Network Group Ltd.'s gross margin?

Fangdd Network Group Ltd. (DUO) had a gross margin of 18.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Fangdd Network Group Ltd.'s operating margin?

Fangdd Network Group Ltd. (DUO) had an operating margin of -37.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Fangdd Network Group Ltd.'s net profit margin?

Fangdd Network Group Ltd. (DUO) had a net profit margin of 9.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Fangdd Network Group Ltd.'s return on equity (ROE)?

Fangdd Network Group Ltd. (DUO) has a return on equity of 8.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Fangdd Network Group Ltd.'s free cash flow?

Fangdd Network Group Ltd. (DUO) generated -$11.4M in free cash flow during fiscal year 2024. This represents a 56.5% 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 Fangdd Network Group Ltd.'s operating cash flow?

Fangdd Network Group Ltd. (DUO) generated -$8.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Fangdd Network Group Ltd.'s total assets?

Fangdd Network Group Ltd. (DUO) had $100.2M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Fangdd Network Group Ltd.'s capital expenditures?

Fangdd Network Group Ltd. (DUO) invested $3.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Fangdd Network Group Ltd. spend on research and development?

Fangdd Network Group Ltd. (DUO) invested $3.4M in research and development during fiscal year 2024.

What is Fangdd Network Group Ltd.'s current ratio?

Fangdd Network Group Ltd. (DUO) had a current ratio of 1.68 as of fiscal year 2024, which is generally considered healthy.

What is Fangdd Network Group Ltd.'s debt-to-equity ratio?

Fangdd Network Group Ltd. (DUO) had a debt-to-equity ratio of 0.90 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Fangdd Network Group Ltd.'s return on assets (ROA)?

Fangdd Network Group Ltd. (DUO) had a return on assets of 4.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Fangdd Network Group Ltd.'s cash runway?

Based on fiscal year 2024 data, Fangdd Network Group Ltd. (DUO) had $10.3M in cash against an annual operating cash burn of $8.3M. This gives an estimated cash runway of approximately 15 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Fangdd Network Group Ltd.'s Piotroski F-Score?

Fangdd Network Group Ltd. (DUO) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Fangdd Network Group Ltd.'s earnings high quality?

Fangdd Network Group Ltd. (DUO) has an earnings quality ratio of -1.96x, considered low quality (accrual-driven). 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.

How financially healthy is Fangdd Network Group Ltd.?

Fangdd Network Group Ltd. (DUO) scores 34 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.