DDC Chairwoman and CEO's Letter to Shareholders
DDC Enterprise's Founder, Chairwoman and CEO Norma Chu issued a shareholder letter reporting first-half 2026 revenue of $20.2 million, up 29% year over year, with the core Asian food business generating positive adjusted EBITDA of $1.2 million. The company posted a GAAP net loss of $38.4 million, attributed almost entirely to non-cash Bitcoin mark-to-market adjustments during a period of Bitcoin price weakness, and ended the half with $21.6 million in cash and short-term investments against net debt of $10.2 million.
Key figures
- Revenue
- 20200000
- Revenue Yoy
- 29%
- Net debt
- 10200000
- Gross profit
- 6100000
- Gaap net loss
- 38400000
- Adjusted ebitda
- 1200000
- Working capital
- 39400000
- Bitcoin holdings
- 2899
- Gross profit yoy
- 17.5%
- Shareholders equity
- 180800000
- Shareholders equity yoy
- 154%
- Bitcoin holdings growth ytd
- 145%
- Working capital improvement
- 51600000
- Bitcoin holdings start of year
- 1181
- Cash and short term investments
- 21600000
AI analysis
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