Fangdd Network Group (ADR)
Connects China’s property sellers, agents and buyers through marketplace software and asset-management services.
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Profile
Operates a China-focused marketplace that connects property sellers, agents and buyers, earning mainly commissions on closed transactions. SaaS tools and asset-management services support the marketplace, while the China operating business is controlled through contractual VIE arrangements.
Runs a China-focused real-estate transaction marketplace that connects property sellers, agents and buyers. Marketplace Services digitizes property data and pairs properties with agents; Duoduo Sales and the broader Duoduo suite give agents listings, buyer tools and operational analysis. Property Cloud lets developers and other sellers manage project and sales information.
Earns mainly transaction commissions when property sales close, while SaaS subscriptions and asset-management work add other fees. Asset-management services cover planning, tenant acquisition, property management and sales for non-residential assets. Revenue is generated substantially in China.
Operates through a Cayman holding company and contractual VIE arrangements supporting its China business. Transactions depend on agents, authentic listings, developer relationships and China’s housing market; the business is also subject to PRC real-estate, data, cybersecurity and foreign-investment rules.
Company facts
Categories
Key statistics
Year to date −39.6% · Average volume (30d) 2.3M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Apr 23, 2025Q1 FY25 | −$331.67 | −$0.87 | +99.7% | $38.2M | $14.0M | −63.4% | +11.87% |
| Sep 30, 2024Q2 FY24 | — | $0.07 | — | — | $14.2M | — | +9.35% |
| Sep 3, 2024Q2 FY24 | — | $0.32 | — | — | $9.6M | — | 0.00% |
| Apr 19, 2024Q1 FY24 | $24.71 | $0.32 | −98.7% | $3.6M | $9.7M | +168.1% | +9.62% |
Financial highlights
| 12 quarters | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $14.8M | $14.8M | $15.1M | $15.1M | $11.3M | $11.3M | |
| Gross profit | $3.3M | $3.3M | $1.4M | $1.4M | $3.4M | $3.4M | |
| Operating income | −$4.2M | −$4.2M | −$5.3M | −$5.3M | −$4.6M | −$4.6M | |
| Net income | $1.0M | $1.0M | −$2.8M | −$2.8M | −$3.5M | −$3.5M | |
| Diluted EPS | $0.07 | $0.07 | −$0.94 | −$0.94 | −$0.35 | −$0.35 | |
| Gross margin | 22.2% | 22.2% | 9.1% | 9.1% | 29.8% | 29.8% | |
| Operating margin | -28.6% | -28.6% | -35.3% | -35.3% | -40.6% | -40.6% |
Fiscal years (4-quarter sums)FY21 $140.2M · FY22 $38.0M · FY23 $42.4M · FY24 $50.5M · FY25 $52.8M
Balance sheet, Dec 31, 2025Cash & short-term investments $21.5M · Total debt $119.9K · Total assets $117.3M · Shareholders' equity $86.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 7.97M · Float 3.34M · 41.9% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| XTX Topco Ltd | 26.0K | 0.33% | 13F | May 15, 2026 |
| UBS Group AG | 1.6K | 0.02% | 13F | May 5, 2026 |
| Advisor Group Holdings, Inc. | 200 | 0.00% | 13F | May 15, 2026 |
| Morgan Stanley | 15 | 0.00% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- KE (ADR)
Dominant rival in China’s agent-led housing transactions.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Fangdd Network Group (ADR) | $0.8570 | −9.67% | $7.7M | — | — | 0.1 | — |
| KE (ADR) | $18.32 | −0.03% | $20.24B | 29.4 | 19.0 | 1.5 | −0.4% |
| Median | 29.4 | 19.0 | 1.5 | −0.4% |