Dingdong Ltd (DDL) Form 6-K — Aug 21, 2026
Dingdong (NYSE: DDL) reported Q2 2026 total revenues of RMB6,487.3 million (US$956.1 million), up 8.6% year over year, with GMV up 11.8% to RMB7,265.3 million and its tenth consecutive quarter of GAAP profitability. Net income more than doubled to RMB271.7 million (US$40.0 million), and diluted EPS rose to RMB0.87 from RMB0.33 a year ago. Earnings quality carries a caveat: RMB199.1 million (US$29.3 million) of net income came from ceasing depreciation and amortization on the China business classified as held-for-sale, meaning underlying net income excluding that benefit would have fallen below the prior-year RMB107.2 million.
Key figures
- Eps
- RMB0.87 (US$0.13) basic and diluted
- Revenue
- RMB6,487.3 million (US$956.1 million)
- Net Income
- RMB271.7 million (US$40.0 million)
- Revenue Yoy
- 8.6%
- Cash Position
- RMB4,880.9 million (US$719.4 million) in cash, restricted cash and short-term investments
- Gmv
- RMB7,265.3 million (US$1,070.8 million), +11.8% YoY
- Non Gaa PEps
- RMB0.90 (US$0.13) vs RMB0.39 in Q2 2025
- Gross Margin
- 29.6% vs 28.8% in Q2 2025
- Exchange Rate
- RMB6.7851 per US$1.00 (June 30, 2026)
- Non Gaa PNet Income
- RMB281.3 million (US$41.5 million), +120.2% YoY
- Hong Kong Bridge Loan
- US$157 million short-term bank loan arranged by Dingdong Hong Kong
- China Business Revenue
- RMB6,414.1 million (US$945.3 million), +8.3% YoY (discontinued operations)
- Income From Operations
- RMB252.8 million (US$37.3 million), +209.6% YoY
- Meituan Cash Distribution
- up to US$280 million payable to Dingdong Cayman by August 31, 2026
- Overseas Business Net Loss
- RMB63.2 million (US$9.3 million), loss widened 166.3% YoY
- Overseas Business Revenue
- RMB73.2 million (US$10.8 million), +36.2% YoY
- China Short Term Borrowings
- RMB1,646.8 million (US$242.7 million) as of June 30, 2026
- Held For Sale Accounting Benefit
- RMB199.1 million (US$29.3 million) net income boost from ceasing D&A on held-for-sale assets
- Consecutive GAAPProfitable Quarters
- 10
- Consecutive Non Gaa PProfitable Quarters
- 15
AI analysis
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