DDC Enterprise
Distributes convenient foods in China while accumulating Bitcoin as its primary treasury reserve asset.
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Profile
Sells private-label, ready-to-eat, plant-based, ready-to-cook, and ready-to-heat foods chiefly through distributors in mainland China. Its asset-light supply chain and financing-backed Bitcoin treasury combine a product-distribution business with a concentrated digital-asset balance sheet.
Distributes private-label products alongside ready-to-eat, plant-based, ready-to-cook, and ready-to-heat meal products, largely to distributors, retail chains, and supermarkets in mainland China. Online stores on third-party platforms serve individuals and small retailers directly. DayDayCook, Guomei, and Lashu are its primary registered trademarks.
Coordinates an asset-light food operation rather than owning an end-to-end supply chain, concentrating on product selection, brand and content, distributor relationships, and supply-chain coordination. Order-driven dropshipping and a centralized ERP connect outside manufacturers, inventory managers, logistics providers, and fulfillment.
Treats Bitcoin as its primary treasury reserve asset and funds acquisitions mainly through common equity, convertible preferred shares, convertible notes, and Bitcoin-secured loan facilities. Revenue is concentrated in mainland China, while the food business operates under PRC food-safety, e-commerce, advertising, customer-data, employment, and foreign-exchange regimes.
Company facts
Key statistics
Year to date −80.0% · Average volume (30d) 798.2K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 3, 2026 | −$0.07 | −$0.07 | 0.0% | $10.7M | $10.7M | 0.0% | +5.08% |
| Nov 19, 2024 | — | — | — | — | $23.0M | — | +2.93% |
| Dec 31, 2023 | — | −$24.20 | — | — | $16.4M | — | −1.50% |
| Jun 30, 2023 | — | −$2.07 | — | — | $12.3M | — | — |
Financial highlights
| 4 quarters | — | — | Q2 FY22 | Q4 FY22 | Q2 FY23 | Q4 FY23 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | $5.5M | $9.9M | $13.3M | $17.3M | |
| Gross profit | — | — | $1.3M | $2.4M | $3.5M | $4.2M | |
| Operating income | — | — | −$2.0M | −$1.1M | −$1.6M | −$26.8M | |
| Net income | — | — | −$4.2M | −$5.8M | −$1.8M | −$21.3M | |
| Diluted EPS | — | — | −$0.22 | −$0.30 | −$0.09 | −$17.84 | |
| Gross margin | — | — | 23.5% | 24.5% | 26.2% | 24.2% | |
| Operating margin | — | — | -36.0% | -11.5% | -12.1% | -155.3% |
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Dec 31, 2025Cash & short-term investments $22.5M · Total debt $92.1M · Total assets $207.6M · Shareholders' equity $74.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 24.18M · Float 5.02M · 20.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Anson Funds Management LP | 956.7K | 3.96% | 13F | May 19, 2026 |
| XTX Topco Ltd | 16.5K | 0.07% | 13F | May 15, 2026 |
| Morgan Stanley | 10.0K | 0.04% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Dingdong (ADR)
Largest overlap in China prepared food and private-label grocery.
- Strategy
Largest Bitcoin-treasury peer in equity- and debt-funded accumulation.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| DDC Enterprise | $0.4040 | −4.47% | $10.0M | — | — | 0.2 | — |
| Dingdong (ADR) | $2.29 | +0.88% | $491.6M | 6.2 | — | 0.3 | +14.5% |
| Strategy | $127.88 | +0.46% | $42.12B | — | 3.7 | 84.5 | +6.9% |
| Median | 6.2 | 3.7 | 42.4 | +10.7% |





