Dingdong (Cayman) Limited announced its financial results for the second quarter ended June 30, 2025, achieving non-GAAP profitability for the eleventh consecutive quarter and GAAP profitability for the sixth consecutive quarter. Total revenues increased by 6.7% year over year to RMB5,975.9 million (US$834.2 million) from RMB5,599.0 million in Q2 2024. This marks six consecutive quarters of positive year-over-year revenue growth.
The company reported a net income of RMB107.2 million (US$15.0 million), a significant 59.7% increase year over year from RMB67.1 million in Q2 2024, with the net margin expanding to 1.8%. Non-GAAP net income reached RMB127.8 million (US$17.8 million), up 23.9% year over year from RMB103.1 million in Q2 2024, resulting in a non-GAAP net income margin of 2.1%. Basic and diluted net income per share were RMB0.32 and RMB0.31 (US$0.04), respectively, while non-GAAP net income per share was RMB0.39 and RMB0.37 (US$0.05).
Dingdong generated a net cash inflow of RMB101.4 million from operating activities, marking its eighth consecutive quarter of positive cash flow. The company's actual cash owned, after deducting short-term borrowings, increased to RMB2.95 billion by the end of Q2 2025, representing a net increase for the eighth consecutive quarter. This strong cash position reinforces the company's commitment to its "narrow and deep" value proposition in the fresh grocery vertical.
The company's "4G strategy"—focused on good users, good products, good service, and good mindshare—has been in place for six months and is showing results through adjustments in production relations and productivity improvements. Dingdong remains dedicated to developing high-quality, distinctive products and investing continuously in its supply chains. For the third quarter of 2025, the company expects to maintain scale year-over-year and achieve non-GAAP profits.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.