Fangdd Network Group (DUO) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 1.43M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.46
• 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: -10.00T>
• Enterprise Value/Revenue: -0.05
• Enterprise Value/Gross Profit: -0.29
• Enterprise Value/Ebitda: 0.14
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $1.50 ▼(-12.79% Downside)

Fangdd Network Group's overall stock score is primarily impacted by its financial performance and technical analysis. While there is potential indicated by revenue growth and a net income turnaround, significant operational inefficiencies and negative cash flow remain concerns. The technical indicators suggest bearish momentum, and the valuation is unattractive due to a negative P/E ratio and lack of dividend yield.

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

Fangdd Network Group shows potential with its recent net income turnaround and revenue growth. Yet, persistent challenges such as negative EBIT and EBITDA margins, high liabilities, and negative free cash flow indicate that the company needs to address operational inefficiencies and enhance cash generation to ensure long-term financial health.

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: 1.72
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

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 1.72 is below the 20-day moving average (MA) of 1.95, below the 50-day MA of 2.78, and below the 200-day MA of 3.74, indicating a bearish trend. The MACD of -0.26 indicates Negative momentum. The RSI at 34.80 is Neutral, neither overbought nor oversold. The STOCH value of 4.45 is Positive, 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
REAX	70 Outperform	$753.32M	―	-25.27%	―	65.60%	69.72%
EXPI	67 Neutral	$1.68B	―	-8.09%	1.86%	5.08%	41.21%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
BEKE	62 Neutral	$19.52B	40.41	4.91%	2.14%	25.33%	-13.60%
RDFN	55 Neutral	―	―	―	―	5.11%	-29.67%
OPEN	54 Neutral	$7.47B	―	-39.33%	―	-4.45%	18.95%
DUO	43 Neutral	―	-1.98	-8.20%	―	48.49%	-9554.26%

Fangdd Network Group Corporate Events

Fangdd Network Group Announces $34.32M Convertible Note Issuance for Asset Acquisition

On October 24, 2025, Fangdd Network Group Ltd. announced a convertible note issuance of US$34,320,000 to an investor through private placement, intended to fulfill payment obligations under an asset purchase agreement dated September 29, 2025. The note, maturing in 364 days without interest, can be converted into Class A ordinary shares, and the company has also arranged a share subscription agreement with ZX INTERNATIONAL LTD to maintain corporate structure stability. This strategic financial move aims to bolster Fangdd’s asset acquisition efforts and potentially enhance its market position in the property technology sector.

FangDD Expands AI Capabilities with $34.32 Million Acquisition

On September 30, 2025, Fangdd Network Group Ltd. announced an agreement to acquire assets related to artificial intelligence technology from a British Virgin Islands company for $34.32 million. This acquisition is part of FangDD’s strategy to expand its technology-enabled real estate management services. The agreement includes potential earnout payments based on revenue increases over the next three years, payable in the company’s Class A ordinary shares. The transaction is expected to be completed within three months, with an option to terminate if not finalized by December 29, 2025.

Fangdd Network Group Releases Interim Financial Results for Mid-2025

Fangdd Network Group Ltd. released its unaudited interim condensed consolidated financial statements for the six months ended June 30, 2025, on September 29, 2025. The report highlights changes in the company’s financial position, including a decrease in total assets and liabilities compared to the previous year-end. These financial statements provide stakeholders with insights into the company’s operational adjustments and financial health, reflecting its ongoing efforts to navigate the challenges within the real estate market.

Fangdd Network Group Announces Board Member Resignation

On September 26, 2025, Fangdd Network Group Ltd. announced the resignation of Mr. Yi Duan from its board of directors due to personal reasons. Following his departure, the board will consist of five members, including three independent directors, with no changes to the composition of board committees. This change in board composition is not expected to impact the company’s operations or strategic direction.

Fangdd Network Group Reports Revenue Growth Amidst Net Loss for First Half of 2025

Fangdd Network Group Ltd. reported a 45.3% increase in revenue for the first half of 2025, reaching RMB203.4 million, despite a net loss of RMB39.2 million. The growth in revenue was driven by supportive government policies and improved market conditions in China’s real estate sector. The company also saw a 27.3% increase in total closed-loop GMV facilitated on its platform, attributed to its focus on core projects and partnerships with reputable developers. However, the gross margin decreased due to lower contributions from higher-margin services. Looking forward, Fangdd plans to optimize costs and upgrade its business structure to achieve balanced growth and higher-quality development.