SHANGHAI, May 21, 2026 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced its unaudited financial results for the quarter ended March 31, 2026.
First Quarter 2026 Highlights:([1])
-- GMV: total amount of GMV for the first quarter of 2026 increased by 6.3%
year over year to RMB6,333.3 million (US$918.1 million) from RMB5,960.7
million in the same quarter of 2025, positive year-on-year growth for
ninth straight quarters.
-- Net income: total amount of net income for the first quarter of 2026 was
RMB165.4 million (US24.0 million), the ninth consecutive quarter of
profitability.
-- Non-GAAP net income: total amount of Non-GAAP net income for the first
quarter of 2026 was RMB172.0 million (US$24.9 million), the fourteenth
consecutive quarter of non-GAAP profitability.
Mr. Song Wang, the Chief Executive Officer of Dingdong, stated, "As of the first quarter of 2026, Dingdong has maintained profitability under non-GAAP standards for fourteen consecutive quarters and under GAAP standards for nine consecutive quarters. The Company has also delivered year-over-year revenue growth for the ninth consecutive quarter, and sees faster growth momentum entering the second quarter. This sustained top-line expansion, together with the consistent achievement of profitability targets, is largely driven by the Company's continued pursuit of product supply chain excellence and efficiency, user mindshare, and system capabilities. Together, these efforts underscore Dingdong's strategic resilience and strong execution in a competitive market, while building a solid foundation and momentum for long-term growth."
On February 5, 2026, the Company announced the entry into a definitive agreement to sell its China business to Meituan. On February 10, 2026, the Company further announced its intention to utilize a substantial majority of the proceeds from the sale of its China operations for share repurchase plans and/or dividends upon the closing of the transaction, as well as other material terms of the transaction. As of the date of this release, the transaction has not been completed, and is subject to the satisfaction or waiver of various customary conditions set forth in the Share Purchase Agreement, including the receipt of anti-monopoly clearance from the SAMR (State Administration for Market Regulation). However, under the requirements of standards under US GAAP, the Company needs to separately classify the China business sold to Meituan as discontinued operations and the related assets and liabilities as held-for-sale in the financial statements. Therefore, in the accompanying financial statements, we will distinguish between the overseas business as continuing operations, and the China business as discontinued operations and held-for-sale assets and liabilities. No depreciation or amortization is recorded in the cost and the four categories of expenses for long-lived assets in the China business after being classified as the held-for-sale assets, as assets held for sale are measured at the lower of their carrying amount or fair value less costs to sell according to the relevant standards under US GAAP. This factor has resulted in an increase of our net income by approximately RMB138 million (US$20.0 million) in the current quarter, and this impact will continue to affect the quarterly net income every period prior to the completion of the Meituan transaction.
First Quarter 2026 Financial Results
Total revenues were RMB5,892.7 million (US$854.3 million), compared with total revenues of RMB5,479.0 million in the same quarter of 2025, representing an increase of 7.5% year over year. Revenue for China business([2]) as included in profit from discontinued operations increased by 5.9% year over year to RMB5,753.3 million (US$834.1 million), primarily due to the rise of number of orders resulting from rise in the average monthly number of transacting users and higher monthly order frequency, and newly opened frontline fulfillment stations with density and market penetration improving in Eastern China. The increase was offset by the impact of the price decline in CPI for certain major categories in our business, such as pork, in the first quarter of 2026. Revenue for overseas business increased by 195.2% year over year to RMB139.4 million (US$20.2 million), primarily due to the rise of number of orders resulting from market expansion across various regions and customer base development.
-- Product Revenues were RMB5,800.7 million (US$840.9 million), compared
with product revenues of RMB5,386.5 million in the same quarter of 2025,
representing an increase of 7.7% year over year. Product revenues for
China business increased by 6.0% year over year to RMB5,661.7 million
(US$820.8 million). Product revenues for overseas business increased by
194.5% year over year to RMB139.0 million (US$20.2 million).
-- Service Revenues were RMB92.0 million (US$13.3 million), compared with
service revenues of RMB92.5 million in the same quarter of 2025,
representing a decrease of 0.6% year over year. Service revenues for
China business decreased by 1.0% year over year to RMB91.7 million
(US$13.3 million). Service revenues for overseas business increased to
RMB343.4 thousand (US$50.0 thousand).
Total operating costs and expenses were RMB5,799.2 million (US$840.7 million), compared with RMB5,519.0 million in the same quarter of 2025, with a detailed breakdown as below. No depreciation or amortization is recorded in the cost and the four categories of expenses for long-lived assets in the China business after being classified as the held-for-sale assets, as assets held for sale are measured at the lower of its carrying amount or fair value less costs to sell according to the relevant standards under US GAAP. This has also impacted the line items below.
-- Cost of goods sold was RMB4,133.5 million (US$599.2 million), an increase
of 7.6% from RMB3,842.1 million in the same quarter of 2025. Cost of
goods sold as a percentage of revenues remained the same at 70.1%,
compared with that in the same quarter of 2025. Gross margin also
remained the same at 29.9%, compared with that in the same quarter of
2025. Since the launch and continued implementation of our 4G Strategy in
early 2025, the gross margin for the first quarter of 2026 was generally
consistent with that of previous quarters.
-- Fulfillment expenses were RMB1,214.8 million (US$176.1 million), a
decrease of 3.3% from RMB1,256.1 million in the same quarter of 2025.
Fulfillment expenses as a percentage of total revenues decreased to 20.6%
from 22.9% in the same quarter of 2025.
-- Sales and marketing expenses were RMB123.9 million (US$18.0 million), an
increase of 12.6% from RMB110.0 million in the same quarter of 2025.
Sales and marketing expenses as a percentage of total revenues slightly
increase to 2.1%, compared with 2.0% in the same quarter of 2025. The
year-on-year increase in marketing expenses is attributable to the
increase of staff costs.
-- General and administrative expenses were RMB130.2 million (US$18.9
million), an increase of 15.3% from RMB112.9 million in the same quarter
of 2025, mainly driven by staff costs.
-- Product development expenses were RMB196.9 million (US$28.5 million), a
slight decrease of 0.5% from RMB198.0 million in the same quarter of
2025. While advocating for energy and resource saving, we will continue
to invest in our product development capabilities, agricultural
technology, data algorithms, and other technology infrastructure such as
the AI technical capability, to further enhance our competitiveness.
Income from operations was RMB145.4 million (US$21.1 million), compared with loss from operations of RMB21.2 million in the same quarter of 2025.
Net income was RMB165.4 million (US$24.0 million), compared to RMB8.0 million in the same quarter of 2025. Among which, net income for China business increased by 643.5% year over year to RMB236.9 million (US$34.3 million), which was largely due to cease of depreciation or amortization of long-lived assets classified as held-for-sale under US GAAP. This factor has resulted in an increase of our net income by approximately RMB138 million (US$20.0 million) in the current quarter, and this impact will continue to affect the quarterly net income every period prior to the completion of the Meituan transaction. Net loss for overseas business increased by 199.6% year over year to RMB71.4 million (US$10.4 million).
Non-GAAP net income, which is a non-GAAP measure that only excludes share-based compensation expenses from net income, was RMB172.0 million (US$24.9 million), an increase of 466.7% from RMB30.3 million in the same quarter of 2025. In addition, non-GAAP net income margin, which is the Company's non-GAAP net income as a percentage of total revenues, was 2.9% compared with 0.6% in the same quarter of 2025. Non-GAAP net income for China business increased by 376.3% year over year to RMB242.1 million (US$35.1 million). Non-GAAP net loss for overseas business increased by 242.4% year over year to RMB70.2 million (US$10.2 million). Similarly, non-GAAP net income was subject to the same factors that affected net income.
Basic and diluted net income per share were RMB0.50 (US$0.07) and RMB0.50 (US$0.07), compared with net income per share of RMB0.02 and RMB0.02 in the same quarter of 2025. Non-GAAP net income per share, basic and diluted, were RMB0.52 (US$0.07) and RMB0.52 (US$0.07), compared with RMB0.09 and RMB0.09 in the same quarter of 2025.
Cash and cash equivalents, restricted cash and short-term investments were RMB3,820.0 million (US$553.8 million) as of March 31, 2026, compared with RMB3,976.8 million as of December 31, 2025. We have been working diligently to optimize our capital usage and financing structure. The cash and cash equivalents, restricted cash, short-term investments and long-term deposits as included in the other non-current assets deducting the balance of short-term borrowings, is RMB3,210.6 million, a net increase for the twelfth consecutive quarter, compared with RMB3,140.3 million as of December 31, 2025.
([1]) The Company presents the total amounts of certain line items, which represent the aggregate figures encompassing both continuing operations (overseas business) and discontinued operations (domestic China business). ([2]) The Company also discloses figures pertaining to its China business, which are classified within profit generated from discontinued operations. In addition, the Company separately presents data relating to its overseas business.
About Dingdong (Cayman) Limited
We are a leading fresh grocery e-commerce company in mainland China, with sustainable long-term growth. We directly provide users and households with fresh groceries, prepared food, and other food products through delivering a convenient and excellent shopping experience supported by an extensive self-operated frontline fulfillment grid. Leveraging our deep insights into consumers' evolving needs and our strong food innovation capabilities, we have successfully launched a series of private label products spanning a variety of food categories. Many of our private label products are produced at our Dingdong production plants, allowing us to more efficiently produce and offer safe and high-quality food products. We aim to be the first choice for fresh and food shopping.
For more information, please visit: https://ir.100.me.
Use of Non-GAAP Financial Measures
The Company uses non-GAAP measures, such as non-GAAP net income, non-GAAP net income margin, in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that the non-GAAP financial measures help identify underlying trends in its business by excluding the impact of share-based compensation expenses, which are non-cash charges and do not correlate to any operating activity trends. The Company believes that the non-GAAP financial measures provide useful information about the Company's results of operations, enhance the overall understanding of the Company's past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making.
The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools, and when assessing the Company's operating performance, cash flows or liquidity, investors should not consider them in isolation, or as a substitute for net loss, cash flows provided by operating activities or other consolidated statements of operations and cash flows data prepared in accordance with U.S. GAAP. The Company's definition of non-GAAP financial measures may differ from those of industry peers and may not be comparable with their non-GAAP financial measures.
The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company's performance.
For more information on the non-GAAP financial measures, please see the table captioned "Unaudited Reconciliation of GAAP and Non-GAAP Results" set forth at the end of this announcement.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB6.8980 to US$1.00, the exchange rate on March 31, 2026 set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "confident," "potential," "continue," or other similar expressions. Among other things, business outlook and quotations from management in this announcement, as well as Dingdong's strategic and operational plans, contain forward-looking statements. Dingdong may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its interim and annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Dingdong's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Dingdong's goals and strategies; Dingdong's future business development, financial conditions, and results of operations; the expected outlook of the fresh grocery ecommerce market in China; Dingdong's expectations regarding demand for and market acceptance of its products and services; Dingdong's expectations regarding its relationships with its users, clients, business partners, and other stakeholders; competition in Dingdong's industry; and relevant government policies and regulations relating to Dingdong's industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this announcement and in the attachments is as of the date of the announcement, and the Company undertakes no duty to update such information, except as required under applicable law.
For investor inquiries, please contact:
Dingdong Fresh
ir@100.me
DINGDONG (CAYMAN) LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands of RMB and US$)
The China business is reported as discontinued operations in the
consolidated statements of comprehensive loss for the current
period and the comparative period in accordance with ASC
210-05, Discontinued Operations as the disposal plan of the China
business represented a strategic shift that had a major effect on
the Group's operations and financial results. Further, the related
current and non-current assets and liabilities associated with the
China business are reflected as held for sale in the consolidated
balance sheets at December 31, 2025 and March 31, 2026.
As of
-------------------------------
December March 31, March 31,
31, 2025 2026 2026
RMB RMB US$
ASSETS
Current assets:
Cash and cash equivalents 45,722 212,045 30,740
Short-term investments - 159,146 23,071
Accounts receivable, net 48,727 41,655 6,039
Inventories, net 39,179 24,369 3,533
Advance to suppliers 63,638 65,414 9,483
Prepayments and other current
assets 11,876 14,221 2,062
Assets held for sale 4,830,947 6,368,856 923,290
--------- --------- ---------
Total current assets 5,040,089 6,885,706 998,218
Non-current assets:
Property and equipment, net 3,883 17,564 2,546
Operating
lease right-of-use assets 280 126 18
Other non-current assets 15,418 9,419 1,366
Assets held for sale 1,956,498 - -
--------- --------- ---------
Total non-current assets 1,976,079 27,109 3,930
--------- --------- ---------
TOTAL ASSETS 7,016,168 6,912,815 1,002,148
========= ========= =========
LIABILITIES, MEZZANINE EQUITY AND
SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable 47,608 76,930 11,153
Customer advances and
deferred revenue 1,242 3,942 571
Accrued expenses and other
current liabilities 4,664 12,279 1,780
Salary and welfare payable 3,713 30,957 4,488
Operating lease liabilities,
current - 125 18
Liabilities held for sale 4,737,340 5,472,607 793,361
--------- --------- ---------
Total current liabilities 4,794,567 5,596,840 811,371
--------- --------- ---------
Non-current liabilities:
Operating lease liabilities,
non-current 287 - -
Liabilities held for sale 1,045,097 - -
--------- --------- ---------
Total non-current liabilities 1,045,384 - -
--------- --------- ---------
TOTAL LIABILITIES 5,839,951 5,596,840 811,371
========= ========= =========
DINGDONG (CAYMAN) LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)
(Amounts in thousands of RMB and US$)
As of
---------------------------------------
December 31, March 31, March 31,
2025 2026 2026
RMB RMB US$
LIABILITIES, MEZZANINE EQUITY AND
SHAREHOLDERS' EQUITY (CONTINUED)
Mezzanine Equity:
Redeemable
noncontrolling
interests 135,435 138,030 20,010
TOTAL MEZZANINE EQUITY 135,435 138,030 20,010
============ ============ ===========
Shareholders' equity:
Ordinary shares 4 4 1
Additional paid-in
capital 14,260,014 14,266,576 2,068,219
Treasury stock (59,969) (59,969) (8,694)
Accumulated deficit (13,163,215) (13,000,373) (1,884,657)
Accumulated other
comprehensive
income/(loss) 3,948 (28,293) (4,102)
------------ ------------ -----------
TOTAL SHAREHOLDERS'
EQUITY 1,040,782 1,177,945 170,767
------------ ------------ -----------
TOTAL LIABILITIES,
MEZZANINE EQUITY
AND SHAREHOLDERS'
EQUITY 7,016,168 6,912,815 1,002,148
DINGDONG (CAYMAN) LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE
INCOME
(Amounts in thousands of RMB and US$, except for number of
shares and per share data)
For the three months ended
March 31,
------------------------------
2025 2026 2026
RMB RMB US$
Revenues:
Product revenues 47,220 139,048 20,157
Service revenues 3 343 50
--------- --------- --------
Total revenues 47,223 139,391 20,207
--------- --------- --------
Operating costs and
expenses:
Cost of goods sold (43,552) (129,263) (18,739)
Fulfillment expenses (18,272) (41,191) (5,971)
Sales and marketing
expenses (1,119) (10,310) (1,495)
Product development
expenses (2,146) (12,022) (1,743)
General and administrative
expenses (6,221) (15,212) (2,205)
Total operating costs and
expenses (71,310) (207,998) (30,153)
Other operating loss, net (440) (4,059) (588)
--------- --------- --------
Income from operations (24,527) (72,666) (10,534)
Interest income 568 581 84
Other income, net 137 659 95
Income before income tax (23,822) (71,426) (10,355)
Income tax expenses (20) (2) -
Net loss from continuing
operations (23,842) (71,428) (10,355)
Net income from discontinued
operations, net of tax 31,859 236,865 34,338
--------- --------- --------
Net income 8,017 165,437 23,983
Net loss from discontinued
operations attributable to
redeemable noncontrolling
interests (2,402) (2,595) (376)
Net income attributable to
ordinary shareholders 5,615 162,842 23,607
DINGDONG (CAYMAN) LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE
INCOME (CONTINUED)
(Amounts in thousands of RMB and US$, except for number of shares
and per share data)
For the three months ended
March 31,
-------------------------------------
2025 2026 2026
RMB RMB US$
Net income per Class A
and Class B ordinary
share:
Basic
Continuing operations (0.07) (0.22) (0.03)
Discontinued operations 0.09 0.72 0.10
Diluted
Continuing operations (0.07) (0.22) (0.03)
Discontinued operations 0.09 0.72 0.10
Basic net income per
share attributable to
Class A and Class
B ordinary
shareholders 0.02 0.50 0.07
Diluted net income per
share attributable to
Class A and Class
B ordinary
shareholders 0.02 0.50 0.07
Shares used in net
income per Class A and
Class B ordinary
share computation:
Basic 324,576,757 324,883,084 324,883,084
Diluted 324,576,757 324,883,084 324,883,084
Other comprehensive
loss, net of tax of
nil:
Foreign currency
translation
adjustments from
continuing
operations (3,933) (37,782) (5,477)
Foreign currency
translation
adjustments from
discontinued
operations 802 5,543 804
Total other comprehensive
loss from continuing
operations (27,775) (109,210) (15,832)
Total other comprehensive
income from discontinued
operation 32,661 242,408 35,142
----------- ----------- -----------
Comprehensive income 4,886 133,198 19,310
----------- ----------- -----------
Net loss from
discontinued operations
attributable to
redeemable
noncontrolling
interests (2,402) (2,595) (376)
----------- ----------- -----------
Comprehensive income
attributable to ordinary
shareholders 2,484 130,603 18,934
=========== =========== ===========
DINGDONG (CAYMAN) LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amounts in thousands of RMB and US$)
For the three months ended
March 31,
------------------------------
2025 2026 2026
RMB RMB US$
Net cash (used in)/generated
from continuing operating
activities (9,555) 15,758 2,284
Net cash generated from
discontinued operating
activities 94,789 130,952 18,984
--------- --------- --------
Net cash generated from
operating activities 85,234 146,710 21,268
--------- --------- --------
Net cash generated from/(used
in) continuing investing
activities 1,897 (168,317) (24,401)
Net cash generated from
discontinued investing
activities 439,789 619,329 89,784
--------- --------- --------
Net cash generated from
investing activities 441,686 451,012 65,383
--------- --------- --------
Net cash used in continuing
financing activities - - -
Net cash used in discontinued
financing activities (199,911) (196,814) (28,532)
--------- --------- --------
Net cash used in financing
activities (199,911) (196,814) (28,532)
--------- --------- --------
Effect of exchange rate changes
on cash and cash equivalents
and restricted cash (231) (5,275) (764)
Net increase in cash and cash
equivalents and restricted
cash 326,778 395,633 57,355
--------- --------- --------
Cash and cash equivalents and
restricted cash at the
beginning of the period 890,215 1,107,136 160,501
Cash and cash equivalents and
restricted cash at the end
of the period 1,216,993 1,502,769 217,856
--------- --------- --------
Less: Cash and cash equivalents
and restricted cash held for
sales at end of the period 1,158,834 1,290,724 187,116
--------- --------- --------
Cash and cash equivalents and
restricted cash from
continuing operations at the
end of the period 58,159 212,045 30,740
========= ========= ========
DINGDONG (CAYMAN) LIMITED
UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS
(Amounts in thousands of RMB and US$, except for number of shares
and per share data)
For the three months ended
March 31,
------------------------------
2025 2026 2026
RMB RMB US$
Net loss from continuing
operations (23,842) (71,428) (10,355)
Add: Share-based compensation
expenses of continuing
operations 3,353 1,274 185
--------- --------- --------
Non-GAAP net loss from
continuing operations (20,489) (70,154) (10,170)
--------- --------- --------
Net income from discontinued
operations 31,859 236,865 34,338
--------- --------- --------
Add: Share-based compensation
expenses of discontinued
operations 18,976 5,255 762
--------- --------- --------
Non-GAAP net income from
discontinued operations 50,835 242,120 35,100
--------- --------- --------
Total Non-GAAP net income 30,346 171,966 24,930
--------- --------- --------
The following schedules set forth the breakdown of assets and
liabilities held for sale and income from discontinued operations
of Dingdong's China business which were included in the Company's
unaudited interim condensed consolidated financial statements:
As of
------------------------------
March
December March 31, 31,
31, 2025 2026 2026
RMB RMB US$
(in thousands)
Cash and cash equivalents 1,061,073 1,290,264 187,049
Restricted cash 340 460 67
Short-term investments 2,869,681 2,157,988 312,843
Accounts receivable, net 143,212 146,511 21,240
Inventories, net 531,306 453,713 65,775
Advance to suppliers 50,466 42,646 6,182
Prepayments and other current
assets 174,869 174,475 25,292
Property and equipment, net - 241,252 34,974
Operating
lease right-of-use assets - 1,678,026 243,263
Other non-current assets - 183,521 26,605
--------- --------- --------
Total current assets classified
as held for sale 4,830,947 6,368,856 923,290
Property and equipment, net 228,874 - -
Operating
lease right-of-use assets 1,579,819 - -
Other non-current assets 147,805 - -
--------- --------- --------
Total non-current assets
classified as held for sale 1,956,498 - -
Accounts payable 1,872,734 1,766,724 256,121
Customer advances and
deferred revenue 272,019 265,327 38,464
Accrued expenses and other
current liabilities 751,954 753,144 109,184
Salary and welfare payable 300,818 314,572 45,603
Operating lease liabilities,
current 668,295 665,511 96,479
Short-term borrowings 871,520 674,344 97,759
Operating lease liabilities,
non-current - 884,227 128,186
Other non-current liabilities - 148,758 21,565
--------- --------- --------
Total current liabilities
classified as held for sale 4,737,340 5,472,607 793,361
--------- --------- --------
Operating lease liabilities,
non-current 897,524 - -
Other non-current liabilities 147,573 - -
Total non-current liabilities
classified as held for sale 1,045,097 - -
--------- --------- --------
For the three months ended
March 31,
-----------------------------------
2025 2026 2026
RMB RMB US$
(in thousands)
Revenues:
Product revenues 5,339,280 5,661,663 820,769
Service revenues 92,536 91,650 13,286
----------- ----------- ---------
Total revenues 5,431,816 5,753,313 834,055
----------- ----------- ---------
Operating costs and
expenses:
Cost of goods sold (3,798,554) (4,004,233) (580,492)
Fulfillment expenses (1,237,822) (1,173,653) (170,143)
Sales and marketing
expenses (108,834) (113,542) (16,460)
Product development
expenses (195,823) (184,864) (26,800)
General and
administrative
expenses (106,660) (114,938) (16,663)
Total operating costs and
expenses (5,447,693) (5,591,230) (810,558)
Other operating income,
net 19,163 55,948 8,111
----------- ----------- ---------
Income from discontinued
operations 3,286 218,031 31,608
Interest income 34,555 23,685 3,434
Interest expenses (5,964) (2,381) (345)
Other income/(expenses),
net 1,520 (225) (33)
Income before income tax 33,397 239,110 34,664
Income tax expenses (1,538) (2,245) (326)
Net income from
discontinued operations 31,859 236,865 34,338
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SOURCE Dingdong (Cayman) Limited
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May 21, 2026 07:30 ET (11:30 GMT)
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