Dingdong (Cayman) Limited Q1 2026 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2026
0mins
Source: PRnewswire
- Sustained Profitability: Dingdong maintained profitability under non-GAAP standards for the 14th consecutive quarter and under GAAP for the 9th quarter, demonstrating strong strategic resilience and execution capabilities in a competitive market.
- Significant Revenue Growth: Total revenues reached RMB 5.8927 billion (approximately USD 854.3 million) in Q1 2026, a 7.5% year-over-year increase, with revenue from the China business at RMB 5.7533 billion (approximately USD 834.1 million), driven by increased user transaction frequency and newly opened frontline fulfillment stations.
- Substantial Net Income Increase: Net income rose to RMB 1.654 billion (approximately USD 24 million), a 643.5% increase from RMB 8 million in Q1 2025, primarily due to the cessation of depreciation and amortization on long-lived assets, with this impact expected to continue in future quarters.
- Rapid Overseas Expansion: Revenue from overseas operations surged 195.2% year-over-year to RMB 139.4 million (approximately USD 20.2 million), reflecting successful market expansion and customer base development, further enhancing the company's competitive position in the global market.
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Analyst Views on DDL
About DDL
Dingdong (Cayman) Ltd is an e-commerce company primarily engaged in the sale of fresh grocery. The Company directly provides users and households with fresh groceries, prepared food and other food products. The Company has launched a series of private label products spanning across a variety of food categories. Its products mainly include vegetables, meat and eggs, fruits, seafood, prepared food, baked goods, dairy, seasonings, beverage, instant food, oil, snacks and others. The Company’s signature private labels include Cai Chang Qing, Good Craftsman Noodles, Fresh Everyday Pork, Black Diamond Family, and You Dou Zhi.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Dingdong Reports Strong Q1 with Revenue of RMB 5.89 Billion
- Financial Performance: Dingdong's Q1 non-GAAP EPS stands at RMB 0.52, indicating stable profitability amidst competitive market pressures, which is crucial for investor confidence.
- Revenue Growth: The total revenue for Q1 reached RMB 5.89 billion, showcasing a year-over-year increase that reflects the company's strong market performance and sustained customer demand.
- Cash Flow Position: As of March 31, 2026, Dingdong reported cash and cash equivalents, restricted cash, and short-term investments totaling RMB 3.82 billion, ensuring financial flexibility for future investments and operations.
- Market Outlook: Dingdong's financial data suggests a competitive edge in the rapidly growing e-commerce market, with potential for further market share expansion through ongoing innovation and operational optimization.
See More
Dingdong (Cayman) Limited Q1 2026 Financial Results
- Sustained Profitability: Dingdong maintained profitability under non-GAAP standards for the 14th consecutive quarter and under GAAP for the 9th quarter, demonstrating strong strategic resilience and execution capabilities in a competitive market.
- Significant Revenue Growth: Total revenues reached RMB 5.8927 billion (approximately USD 854.3 million) in Q1 2026, a 7.5% year-over-year increase, with revenue from the China business at RMB 5.7533 billion (approximately USD 834.1 million), driven by increased user transaction frequency and newly opened frontline fulfillment stations.
- Substantial Net Income Increase: Net income rose to RMB 1.654 billion (approximately USD 24 million), a 643.5% increase from RMB 8 million in Q1 2025, primarily due to the cessation of depreciation and amortization on long-lived assets, with this impact expected to continue in future quarters.
- Rapid Overseas Expansion: Revenue from overseas operations surged 195.2% year-over-year to RMB 139.4 million (approximately USD 20.2 million), reflecting successful market expansion and customer base development, further enhancing the company's competitive position in the global market.
See More
Dingdong (Cayman) Limited Reports Q1 2026 Financial Results
- Sustained Profitability: Dingdong reported a net income of RMB 165.4 million (US$ 24.0 million) for Q1 2026, marking its ninth consecutive quarter of profitability, demonstrating the company's strong financial resilience in a competitive market.
- Revenue Growth: Total revenues reached RMB 5.8927 billion (US$ 854.3 million) in Q1, a 7.5% year-over-year increase, primarily driven by higher transaction frequency and newly opened frontline fulfillment stations, indicating successful market penetration and customer base development.
- Non-GAAP Net Income: The non-GAAP net income stood at RMB 172.0 million (US$ 24.9 million), reflecting a 466.7% year-over-year increase, showcasing the company's strategic success in pursuing supply chain excellence and efficiency, thereby enhancing its competitive edge.
- Asset Classification Adjustment: Due to the transaction with Meituan, Dingdong classified its China business as discontinued operations, resulting in an approximate RMB 138 million (US$ 20.0 million) increase in net income for the quarter, an impact expected to persist until the transaction's completion.
See More
Dingdong (Cayman) Limited Announces Q1 Earnings Report Date
- Earnings Report Announcement: Dingdong (Cayman) Limited is set to release its unaudited financial results for the first quarter ended March 31, 2026, before U.S. markets open on May 21, 2026, which is expected to provide investors with the latest performance data to assess the company's financial health.
- Market Leadership: As the leading fresh grocery e-commerce company in mainland China, Dingdong leverages its advanced supply chain capabilities and self-operated frontline fulfillment network to continuously provide fresh groceries and quality food, further solidifying its leadership position in a competitive market.
- Private Label Product Innovation: Dingdong has successfully launched a series of private label products across various food categories, most of which are produced at its own manufacturing plants, ensuring food safety and high quality, thereby enhancing consumer shopping experience and brand loyalty.
- Long-term Growth Potential: The company aims to achieve sustainable long-term growth by leveraging deep insights into evolving consumer needs and strong food innovation capabilities, with the goal of becoming the first choice for fresh food shopping and further expanding its market share.
See More
Dingdong to Report Q1 2026 Financial Results on May 21
- Earnings Release Schedule: Dingdong (Cayman) Limited plans to announce its unaudited financial results for Q1 2026 before U.S. markets open on May 21, 2026, which is expected to provide investors with insights into the company's operational and financial health.
- Market Leadership: As a leading fresh grocery e-commerce company in China, Dingdong leverages its advanced supply chain capabilities and self-operated fulfillment network to consistently deliver fresh food and quality shopping experiences, further solidifying its market leadership.
- Private Label Product Innovation: The company has successfully launched a series of private label products across various food categories, utilizing its own production plants to enhance production efficiency while ensuring food safety and quality, thus meeting the evolving needs of consumers.
- Long-term Growth Strategy: Dingdong aims to be the first choice for fresh food shopping by deeply understanding consumer needs and leveraging strong food innovation capabilities, driving sustainable long-term growth and enhancing its competitive position in the market.
See More
Dingdong (Cayman) Limited Files 2025 Annual Report
- Annual Report Filing: Dingdong (Cayman) Limited filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2025, with the SEC on April 24, 2026, demonstrating the company's ongoing commitment to transparency and compliance.
- Financial Transparency: The report includes audited consolidated financial statements, and shareholders and ADS holders can request a hard copy free of charge, enhancing trust between the company and its investors.
- Market Leadership: As a leading fresh grocery e-commerce company in China, Dingdong provides fresh groceries and quality shopping experiences directly to users through its self-operated frontline fulfillment network, solidifying its competitive advantage in the market.
- Product Innovation: Leveraging deep insights into consumer needs, Dingdong has successfully launched a series of private label products, improving production efficiency while ensuring food safety and quality, thereby driving the company's sustainable growth.
See More
Dingdong Reports Strong Q1 with Revenue of RMB 5.89 Billion
- Financial Performance: Dingdong's Q1 non-GAAP EPS stands at RMB 0.52, indicating stable profitability amidst competitive market pressures, which is crucial for investor confidence.
- Revenue Growth: The total revenue for Q1 reached RMB 5.89 billion, showcasing a year-over-year increase that reflects the company's strong market performance and sustained customer demand.
- Cash Flow Position: As of March 31, 2026, Dingdong reported cash and cash equivalents, restricted cash, and short-term investments totaling RMB 3.82 billion, ensuring financial flexibility for future investments and operations.
- Market Outlook: Dingdong's financial data suggests a competitive edge in the rapidly growing e-commerce market, with potential for further market share expansion through ongoing innovation and operational optimization.
See More
Dingdong (Cayman) Limited Q1 2026 Financial Results
- Sustained Profitability: Dingdong maintained profitability under non-GAAP standards for the 14th consecutive quarter and under GAAP for the 9th quarter, demonstrating strong strategic resilience and execution capabilities in a competitive market.
- Significant Revenue Growth: Total revenues reached RMB 5.8927 billion (approximately USD 854.3 million) in Q1 2026, a 7.5% year-over-year increase, with revenue from the China business at RMB 5.7533 billion (approximately USD 834.1 million), driven by increased user transaction frequency and newly opened frontline fulfillment stations.
- Substantial Net Income Increase: Net income rose to RMB 1.654 billion (approximately USD 24 million), a 643.5% increase from RMB 8 million in Q1 2025, primarily due to the cessation of depreciation and amortization on long-lived assets, with this impact expected to continue in future quarters.
- Rapid Overseas Expansion: Revenue from overseas operations surged 195.2% year-over-year to RMB 139.4 million (approximately USD 20.2 million), reflecting successful market expansion and customer base development, further enhancing the company's competitive position in the global market.
See More
Dingdong (Cayman) Limited Reports Q1 2026 Financial Results
- Sustained Profitability: Dingdong reported a net income of RMB 165.4 million (US$ 24.0 million) for Q1 2026, marking its ninth consecutive quarter of profitability, demonstrating the company's strong financial resilience in a competitive market.
- Revenue Growth: Total revenues reached RMB 5.8927 billion (US$ 854.3 million) in Q1, a 7.5% year-over-year increase, primarily driven by higher transaction frequency and newly opened frontline fulfillment stations, indicating successful market penetration and customer base development.
- Non-GAAP Net Income: The non-GAAP net income stood at RMB 172.0 million (US$ 24.9 million), reflecting a 466.7% year-over-year increase, showcasing the company's strategic success in pursuing supply chain excellence and efficiency, thereby enhancing its competitive edge.
- Asset Classification Adjustment: Due to the transaction with Meituan, Dingdong classified its China business as discontinued operations, resulting in an approximate RMB 138 million (US$ 20.0 million) increase in net income for the quarter, an impact expected to persist until the transaction's completion.
See More
Dingdong (Cayman) Limited Announces Q1 Earnings Report Date
- Earnings Report Announcement: Dingdong (Cayman) Limited is set to release its unaudited financial results for the first quarter ended March 31, 2026, before U.S. markets open on May 21, 2026, which is expected to provide investors with the latest performance data to assess the company's financial health.
- Market Leadership: As the leading fresh grocery e-commerce company in mainland China, Dingdong leverages its advanced supply chain capabilities and self-operated frontline fulfillment network to continuously provide fresh groceries and quality food, further solidifying its leadership position in a competitive market.
- Private Label Product Innovation: Dingdong has successfully launched a series of private label products across various food categories, most of which are produced at its own manufacturing plants, ensuring food safety and high quality, thereby enhancing consumer shopping experience and brand loyalty.
- Long-term Growth Potential: The company aims to achieve sustainable long-term growth by leveraging deep insights into evolving consumer needs and strong food innovation capabilities, with the goal of becoming the first choice for fresh food shopping and further expanding its market share.
See More
Dingdong to Report Q1 2026 Financial Results on May 21
- Earnings Release Schedule: Dingdong (Cayman) Limited plans to announce its unaudited financial results for Q1 2026 before U.S. markets open on May 21, 2026, which is expected to provide investors with insights into the company's operational and financial health.
- Market Leadership: As a leading fresh grocery e-commerce company in China, Dingdong leverages its advanced supply chain capabilities and self-operated fulfillment network to consistently deliver fresh food and quality shopping experiences, further solidifying its market leadership.
- Private Label Product Innovation: The company has successfully launched a series of private label products across various food categories, utilizing its own production plants to enhance production efficiency while ensuring food safety and quality, thus meeting the evolving needs of consumers.
- Long-term Growth Strategy: Dingdong aims to be the first choice for fresh food shopping by deeply understanding consumer needs and leveraging strong food innovation capabilities, driving sustainable long-term growth and enhancing its competitive position in the market.
See More
Dingdong (Cayman) Limited Files 2025 Annual Report
- Annual Report Filing: Dingdong (Cayman) Limited filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2025, with the SEC on April 24, 2026, demonstrating the company's ongoing commitment to transparency and compliance.
- Financial Transparency: The report includes audited consolidated financial statements, and shareholders and ADS holders can request a hard copy free of charge, enhancing trust between the company and its investors.
- Market Leadership: As a leading fresh grocery e-commerce company in China, Dingdong provides fresh groceries and quality shopping experiences directly to users through its self-operated frontline fulfillment network, solidifying its competitive advantage in the market.
- Product Innovation: Leveraging deep insights into consumer needs, Dingdong has successfully launched a series of private label products, improving production efficiency while ensuring food safety and quality, thereby driving the company's sustainable growth.
See More
