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Dingdong (Cayman)
Dingdong (Cayman) (DDL) investor relations material
Dingdong (Cayman) Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary21 May, 2026
Executive summary
Achieved ninth consecutive quarter of GAAP profitability and fourteenth consecutive quarter of non-GAAP profitability, with sustained year-over-year revenue growth and strong execution in a competitive market.
Entered into a definitive agreement to sell China business to Mean, with plans to use proceeds for share repurchases and/or dividends; transaction pending regulatory clearance.
Financial highlights
GMV rose 6.3% year-over-year to RMB6,333.3 million (US$918.1 million).
Total revenues increased 7.5% year-over-year to RMB5,892.7 million (US$854.3 million).
Net income was RMB165.4 million (US$24.0 million), up from RMB8.0 million a year ago.
Non-GAAP net income reached RMB172.0 million (US$24.9 million), a 466.7% increase year-over-year.
Gross margin remained stable at 29.9%; cost of goods sold as a percentage of revenue was 70.1%.
Outlook and guidance
Management expects faster growth momentum entering the second quarter, supported by supply chain excellence and market penetration.
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Latest events from Dingdong (Cayman)
- Profitability sustained, revenue up, but margins down; China business sale to Meituan announced.DDL
Q4 20254 Mar 2026 - Revenue, GMV, and net income rose, driven by quality growth and operational efficiency.DDLQ2 20253 Feb 2026
- Record Q2 profits, double-digit growth, and strong cash flow drive raised full-year outlook.DDLQ2 20242 Feb 2026
- Record Q3 revenue, profit, and user growth, with raised full-year outlook.DDLQ3 202416 Jan 2026
- Q4 2024 saw record profits, strong revenue growth, and positive free cash flow.DDLQ4 20241 Dec 2025
- Q1 2025 revenue up 9.1% year-on-year, with non-GAAP profitability and strong user growth.DDLQ1 202518 Nov 2025
- Record revenue and profitability, strong liquidity, and strategic expansion amid competition.DDLQ3 202512 Nov 2025
Next Dingdong (Cayman) earnings date
Q2 202620 Aug, 2026
Dingdong (Cayman)
Next Dingdong (Cayman) earnings date
Q2 202620 Aug, 2026
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