Fangdd Network Group (DUO) AI Stock Analysis

• Market Cap: $5.51M
• Dividend Yield: N/A
• Average Volume (3M): 1.43M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.97
• Revenue Growth: 48.49%
• EPS Growth: -9554.26%
• Country: US
• Employees: 134
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -1.75
• Shares Outstanding: 3,904,565
• 10 Day Avg. Volume: 601,118
• 30 Day Avg. Volume: 1,434,248
• PEG Ratio: -0.18
• Price to Book (P/B): 1.61
• Price to Sales (P/S): 1.84
• P/FCF Ratio: -6.81
• Enterprise Value/Market Cap: 9.75
• Enterprise Value/Revenue: 0.13
• Enterprise Value/Gross Profit: 0.86
• Enterprise Value/Ebitda: -0.42
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $1.50 ▼(-3.23% Downside)

The score is held back primarily by weak technicals (below major moving averages and negative MACD) and only modest financial performance despite a recent profit turnaround. Valuation signals are limited by a negative P/E and the absence of dividend yield data.

Positive Factors

Recent revenue improvement and return to net profitability

Sustained revenue growth and a move to reported net profit indicate the business is scaling and beginning to monetize its platform. This supports reinvestment into product, sales and tech, improving long-term viability and lender/investor confidence if maintained.

Diversified, technology-driven real estate revenue model

A multi-stream model (listing/marketing fees, analytics, premium services and partnerships) reduces single-customer concentration and creates cross-sell opportunities. Durable recurring and data-driven revenue can boost margins and customer stickiness over the medium term.

Cautious use of leverage (low debt-to-equity noted)

Relatively low debt-to-equity gives the company financial flexibility to invest, weather downturns, or pursue strategic M&A without excessive interest burden. This structural conservatism supports sustainability and lowers solvency risk over multiple quarters.

Negative Factors

Persistent negative free cash flow

Continued negative free cash flow means the company relies on external financing or equity issuance to fund operations and growth. Poor profit-to-cash conversion undermines the durability of reported profits and raises refinancing and dilution risks over the medium term.

Negative EBIT and EBITDA margins

Persistently negative operating margins show revenue gains have not translated into sustainable operating profitability. Structural cost or scaling issues could constrain cash generation and returns unless management achieves durable margin expansion.

High total liabilities and only moderate equity ratio

Elevated total liabilities increase solvency and liquidity risk, limiting strategic flexibility. A moderate equity ratio can make the company more vulnerable to shocks and raise the cost or difficulty of accessing capital for growth or to cover operational shortfalls.

Fangdd Network Group Business Overview & Revenue Model

Company Description

Fangdd Network Group Ltd., an investment holding company, provides real estate information services through online platforms in the People's Republic of China. It operates Property Cloud, a software as a service solution for real estate sellers. The company also operates platforms for real estate agents, including Duoduo Sales, which offers real estate agents with instant access to marketplace functionalities and allows them to conduct transactions on the go; Duoduo Cloud Agency that provides a suite of tools and services to agencies to migrate business management from offline to online; Duoduo Cloud Sales, which connects agents to property database and buyer base, allowing them to source, manage, and complete transactions online; and provides supply-chain financial products and support transactions, as well as online and offline, and project-specific training and guidance services. In addition, it operates Fangduoduo that offers personalized services to potential real estate buyers; and provides information matching, real estate agency, financial, and channel services. Further, the company operates www.fangdd.com that offers real estate agents and real estate buyers region-specific real estate news, information, property data, and access to shared-interest online communities; and offers data analysis services. As of December 31, 2021, its marketplace had approximately 378 thousand active agents and covers 157 million properties in China. The company was founded in 2011 and is headquartered in Shenzhen, the People's Republic of China.

How the Company Makes Money

Fangdd generates revenue through multiple streams, primarily by charging real estate agents and developers for access to its platform and services. This includes fees for listing properties, marketing solutions, and premium services that enhance visibility and transaction efficiency. Additionally, the company earns income from data analytics services, where it provides insights and market analysis to real estate professionals. Strategic partnerships with real estate agencies and developers also play a crucial role in driving revenue, as they often collaborate on joint marketing efforts and share resources to improve service offerings. Overall, Fangdd's revenue model is built on leveraging technology to streamline real estate transactions and enhance service delivery.

Fangdd Network Group Financial Statement Overview

Summary

Revenue improved and the company returned to net profit, with better gross margin. However, negative EBIT/EBITDA margins, high liabilities, and still-negative free cash flow (and weak profit-to-cash conversion) keep financial strength below average.

Income Statement

Fangdd Network Group has shown improvement in revenue, with a notable increase from the previous year, while also turning a net profit in the latest period. Despite this, the company still faces challenges with negative EBIT and EBITDA margins, which highlight ongoing operational inefficiencies. The gross profit margin has seen improvements, indicating better cost management.

Balance Sheet

The company's balance sheet reveals a relatively low debt-to-equity ratio, suggesting cautious use of leverage. However, the total liabilities remain high, and the equity ratio is moderate due to substantial liabilities. The return on equity has improved with the positive net income but remains a concern when considering historical performance.

Cash Flow

Cash flow statements indicate a significant reduction in negative free cash flow compared to previous periods, although it remains negative. The operating cash flow to net income ratio suggests that the company is struggling to convert its profits into cash flow, a crucial aspect for sustaining operations and growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	402.53M	339.10M	284.96M	245.95M	942.38M	2.45B
Gross Profit	62.74M	61.75M	41.19M	24.73M	106.51M	414.47M
EBITDA	-128.35M	-123.98M	-92.56M	-223.62M	-949.60M	-189.94M
Net Income	-24.67M	30.83M	-91.75M	-244.04M	-1.17B	-221.38M
Balance Sheet
Total Assets	679.00M	731.19M	769.90M	1.08B	1.91B	4.05B
Cash, Cash Equivalents and Short-Term Investments	178.38M	188.98M	137.04M	145.93M	498.26M	852.45M
Total Debt	10.34M	1.46M	140.00K	74.53M	134.78M	443.44M
Total Liabilities	297.79M	347.89M	578.40M	981.28M	1.61B	2.58B
Stockholders Equity	380.19M	386.34M	195.84M	100.12M	313.26M	1.44B
Cash Flow
Free Cash Flow	-84.65M	-91.61M	-186.41M	-127.18M	-73.08M	-335.24M
Operating Cash Flow	-54.50M	-60.37M	-186.12M	-126.98M	-60.62M	-325.00M
Investing Cash Flow	-148.75M	-145.98M	31.43M	-159.27M	-43.73M	5.85M
Financing Cash Flow	145.39M	146.63M	119.83M	-58.65M	-307.13M	-46.56M

Fangdd Network Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DUO, the sentiment is Negative. The current price of 1.55 is above the 20-day moving average (MA) of 1.53, below the 50-day MA of 1.68, and below the 200-day MA of 2.48, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 43.52 is Neutral, neither overbought nor oversold. The STOCH value of 22.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DUO.

Fangdd Network Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMAX	68 Neutral	$253.75M	12.77	2.87%	―	-6.06%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
FTHM	51 Neutral	$34.33M	-1.33	-43.75%	―	32.78%	36.50%
OPAD	49 Neutral	$48.15M	-0.54	-104.99%	―	-36.25%	11.92%
DUO	46 Neutral	$5.51M	-1.58	-8.20%	―	48.49%	-9554.26%
OMH	45 Neutral	$23.33M	―	―	―	―	―

Fangdd Network Group Corporate Events

Fangdd Network Group Extinguishes US$34.3 Million Note Through Share Conversion and Issues New Class C Shares

On December 5, 2025, Fangdd Network Group Ltd. received a conversion notice from the holder of a US$34.32 million convertible promissory note that had been issued on October 24, 2025 as consideration for Fangdd’s acquisition of certain assets. The noteholder elected to convert the entire outstanding balance into 32,971,466 Class A ordinary shares at a conversion price of US$1.0409 per share, with the shares allocated to designated affiliates of the investor, after which the note was fully extinguished and cancelled. Following this conversion, and in line with a previously signed share subscription agreement, the company also issued 12,731 Class C ordinary shares at US$1.81 per share to ZX International Ltd., an entity controlled by chairman and CEO Xi Zeng. Fangdd stated that these equity issuances, completed in December 2025, did not result in a change of control; immediately afterward, the company had 38,548,413 ordinary shares outstanding across its three share classes, with the transactions strengthening its equity base while relying on private, offshore placements exempt from U.S. registration requirements.

The most recent analyst rating on (DUO) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Fangdd Network Group stock, see the DUO Stock Forecast page.