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DUO · NASDAQ · Real Estate - Services

Fangdd Network Group (ADR) (DUO)

Connects China’s property sellers, agents and buyers through marketplace software and asset-management services.

$0.5897
vs last close−0.02 (−3.86%)
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Fangdd Network Group Ltd.DUO
Real Estate

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

CEOXi Zeng
ListedNov 1, 2019
ExchangeNASDAQ
HeadquartersShenzhen, China
CountryChina
Employees144
CIK0001750593
ISINKYG331471287

Market cap$4.9M
EPS (ttm)−$0.8243
P/E (ttm)−0.7442
ROE-14.6%
P/B0.0622
P/S0.1225
Dividend yieldDiv yield
Beta1.64vs XLRE −0.11

No analyst consensus on record.

EPSReportedEstimate

Sep '23Oct '23Apr '24Apr '24Sep '24Sep '24Apr '25Aug '26
Reported$0.26−$1.24−$1.28$0.32$0.32$0.07−$0.87−$0.06
Estimate$24.71−$331.67$919.27
Surprise−98.7%+99.7%−100.0%

RevenueReportedEstimate

Sep '23Oct '23Apr '24Apr '24Sep '24Sep '24Apr '25Aug '26
Reported$10.6M$9.0M$9.3M$9.7M$9.6M$14.2M$14.0M$8.5M
Estimate$3.6M$3.7M$3.6M$3.6M$38.2M$88.7M
Surprise+195.9%+146.3%+156.9%+168.1%−63.4%−90.4%
Estimate$919.27
Reported−$0.06−100.0%
Estimate$88.7M
Reported$8.5M−90.4%
View details

Debt to equity0.00%
Current ratio193.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$14.9M$14.9M$15.2M$15.2M$11.3M$11.3M$8.6M$8.6M
Net income$1.0M$1.0M−$2.8M−$2.8M−$3.5M−$3.5M−$2.5M−$2.5M
Net margin6.8%6.8%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$4.3M−$4.3M−$5.4M−$5.4M−$4.6M−$4.6M−$1.9M−$1.9M
YoY growthLoss narrowedLoss narrowedLoss widenedLoss widenedLoss widenedLoss widenedLoss narrowedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $15.4M · Total debt $37.9K · Total assets $104.6M · Shareholders' equity $78.5M

Revenue
$8.6M
Operating income
−$1.9M
Net income
−$2.5M

Reported in CNY, converted at the latest exchange rate

View details

No dividends on record.

Institutions2.43%193.4K ADS
9 holders · as of Jun 30, 2026
Insiders0.00%1 ADS
1 holder · as of Mar 18, 2026
Other97.57%7.77M ADS
remainder

7.97M ADS (1 ADS = 375 ordinary shares) as of Aug 29, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2022 annual report; nothing newer is on file here.

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Citadel Advisors LLCInstitution
1.18%94,150 A ADSas of Jun 30, 2026
HRT Financial LPInstitution
0.41%32,883 A ADSas of Jun 30, 2026
Stifel Financial CorpInstitution
0.25%20,000 A ADSas of Jun 30, 2026
XTX Topco LtdInstitution
0.24%18,998 A ADSas of Jun 30, 2026
Two Sigma Securities, LLCInstitution
0.17%13,866 A ADSas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • KE (ADR)

    Dominant rival in China’s agent-led housing transactions.

Compare

CompanyPriceChange
Fangdd Network Group (ADR)$0.5897−3.86%$4.9M0.1
KE (ADR)$16.65+1.62%$18.10B26.217.31.4−0.4%
Median26.217.31.4−0.4%