PDD Holdings Inc. balance sheet
At the end of its fiscal year on Dec 31, 2025, PDD Holdings Inc. reported total assets of $90.10B and shareholders' equity of $59.11B. That works out to liabilities equal to 34% of assets, a current ratio of 2.43 (current assets ÷ current liabilities).
Balance sheet at each fiscal year end
| Fiscal year ended | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $6.28B | $10.92B | $24.35B | $28.44B | $34.38B | $49.03B | $69.19B | $90.10B |
| Current assets | $5.87B | $10.49B | $22.92B | $25.25B | $31.41B | $41.51B | $56.94B | $74.21B |
| Cash & equivalents | $2.06B | $828.55M | $3.44B | $1.01B | $4.98B | $8.42B | $7.91B | $15.57B |
| Total liabilities | $3.54B | $7.38B | $15.13B | $16.65B | $17.30B | $22.65B | $26.27B | $30.98B |
| Current liabilities | $3.54B | $6.57B | $12.86B | $14.71B | $16.95B | $21.54B | $25.81B | $30.56B |
| Shareholders' equity | $2.74B | $3.54B | $9.22B | $11.79B | $17.08B | $26.37B | $42.92B | $59.11B |
| Reported in | 20-F 2019 | 20-F 2020 | 20-F 2021 | 20-F 2022 | 20-F 2023 | 20-F 2024 | 20-F 2025 | 20-F 2026 |
Balance-sheet figures are point-in-time values on the last day of each fiscal year. Some companies (for example banks and insurers) do not present current assets and liabilities; those cells show —.
Source: SEC EDGAR XBRL company facts for CIK 1737806 (raw data). Most recent filing in this dataset: 20-F filed Apr 29, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.