PDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace. It focuses on bringing businesses and people into the digital economy. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. The company was incorporated in 2015 and is based in Dublin, Ireland.

PDD Holdings Inc.

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Total Liabilities and Shareholders' Equity

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Assets	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Cash and Cash Equivalents	92,386.5	63,222.4	70,126.2	57,768.1	65,295.4	56,756.3
Short-Term Investments	331,382.7	323,908.6	294,374.6	273,791.9	243,166.3	228,170.9
Total Cash and Cash Equivalents	423,769.3	387,131.1	364,500.8	331,559.9	308,461.8	284,927.2
Accounts Receivable	5,998.5	6,007.5	5,475.1	3,679.3	4,633.7	5,491.1
Other Receivables	9,148.8	8,685.7	7,411.7	7,569.2	9,289	5,989.4
Total Trade Receivables	15,147.3	14,693.2	12,886.8	11,248.5	13,922.7	11,480.5
Other Current Assets	77,443.3	74,218.2	70,386.5	72,839.8	64,446.9	63,318.5
Total Current Assets	516,359.8	476,042.5	447,774.1	415,648.2	386,831.3	359,726.3
Net Property, Plant & Equipment	6,208.6	6,052.1	6,431.8	5,943.7	5,695.7	5,101.2
Net Intangible Assets	16.3	17.3	18.2	19.2	20.1	21.1
Long-Term Investments	—	—	—	—	—	—
Other Long-Term Assets	91,139.6	85,044.3	76,289.2	83,423.2	74,246.8	67,895.9
Total Assets	613,724.3	567,156.3	530,513.2	505,034.3	466,793.9	432,744.3

Liabilities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Accounts Payable	100,578	95,521.6	92,515.1	91,655.9	82,780.2	78,707.8
Accrued Expenses	89,065.9	76,838.2	76,207.4	69,141.8	74,404.3	68,735
Short-Term Debt	—	—	—	—	—	—
Current Portion of Long-Term Debt	5,248.4	5,287.6	5,302.1	5,309.6	—	0.2
Current Portion of Leases	2,385.7	2,415.8	2,325.2	2,106	2,015.1	1,865.9
Unearned Revenue	—	3,601.5	2,945.1	2,947	2,951.6	2,413.6
Other Current Liabilities	18,608.7	18,297.9	17,729.9	17,262.5	17,845.7	19,110.6
Total Current Liabilities	219,218.2	201,962.5	197,024.7	188,422.9	179,996.9	170,833.1
Long-Term Debt	—	—	—	—	5,175.9	5,264.1
Leases	3,039.6	3,260	3,625.6	3,191.6	3,045.8	2,634.9
Other Long-Term Liabilities	63.5	70.2	161.5	106.8	70.3	34.1
Total Long-Term Liabilities	3,103.2	3,330.1	3,787.1	3,298.3	8,292	7,933
Total Liabilities	222,321.3	205,292.6	200,811.8	191,721.2	188,288.9	178,766.1

Equity	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Common Stock	0.2	0.2	0.2	0.2	0.2	0.2
Additional Paid-in Capital	124,013	121,959	120,003.8	117,829.3	115,424.9	112,946.4
Accumulated Other Comprehensive Income	4,907.2	6,750.1	7,296.5	7,824.5	2,867.4	5,799.9
Retained Earnings	262,482.6	233,154.4	202,400.9	187,659.1	160,212.5	135,231.8
Total Common Shareholders' Equity	391,403	361,863.7	329,701.4	313,313.1	278,504.9	253,978.2
Minority Interests and Other	—	—	—	—	—	—
Total Shareholders' Equity	391,403	361,863.7	329,701.4	313,313.1	278,504.9	253,978.2
Total Liabilities and Shareholders' Equity	613,724.3	567,156.3	530,513.2	505,034.3	466,793.9	432,744.3