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InvestorRoom Demo Dingdong ( Cayman ) Limited Announces Second Quarter 2026 Financial Results SHANGHAI , Aug. 20 , 2026 / PRNewswire / -- Dingdong ( Cayman ) Limited ( " Dingdong " or the " Company " ) ( NYSE : DDL ) , a leading fresh grocery e - commerce company in China , with advanced supply chain capabilities , today announced its unaudited financial results for the quarter ended June 30 , 2026 . Second Quarter 2026 Highlights : [ 1 ] • GMV : total amount of GMV for the second quarter of 2026 increased by 11.8 % year over year to RMB7,265.3 million ( US $ 1,070.8 million ) from RMB6,499.4 million in the same quarter of 2025 , positive year - on - year growth for tenth straight quarters . • Net income : total amount of net income for the second quarter of 2026 was RMB271.7 million ( US $ 40.0 million ) , the tenth consecutive quarter of profitability . • Non - GAAP net income : total amount of Non - GAAP net income for the second quarter of 2026 was RMB281.3 million ( US $ 41.5 million ) , the fifteenth consecutive quarter of non - GAAP profitability . Mr. Song Wang , the Chief Executive Officer of Dingdong , stated , " As of the second quarter of 2026 , Dingdong has maintained profitability under non - GAAP standards for fifteenth consecutive quarters and under GAAP standards for tenth consecutive quarters . The Company has also delivered year - over - year revenue growth for the tenth consecutive quarter , and has seen further acceleration in growth since entering the third quarter . Since July , the Company's business has entered peak season , with monthly GMV hitting a record high , during which single - day GMV exceeded RMB 100 million multiple times and set a new record . Our steady revenue growth and consistent profitability are mainly attributed to the growth in average monthly ordering users among our loyal members and the increase in average monthly order frequency . In addition , on the product supply chain side , we continuously improve product quality and cater to users ' diverse scenario - based needs , better serving our platform users . This excellent performance fully demonstrates Dingdong's strategic resilience and solid execution amid fierce competition , laying robust fundamentals and lasting momentum for sustainable long - term growth . " On February 5 , 2026 , the Company entered into a definitive agreement to divest its China business to Meituan ( HKEX : 3690 ) . The transaction remains pending as of this release , contingent on standard closing conditions under the Share Purchase Agreement , notably anti - monopoly approval from SAMR . Consistent with prior quarter accounting treatment , no depreciation or amortization was recognized for the held - for - sale China business upon classification as held - for - sale , which resulted in an increase to our net income by RMB199.1 million ( US $ 29.3 million ) in the current quarter . Second Quarter 2026 Financial Results [ 1 ] Total revenues were RMB6,487.3 million ( US $ 956.1 million ) , compared with total revenues of RMB5,975.9 million in the same quarter of 2025 , representing an increase of 8.6 % year over year . Revenues generated from our China business [ 2 ] as included in profit from discontinued operations increased by 8.3 % year over year to RMB6,414.1 million ( US $ 945.3 million ) , primarily due to the rise of number of orders resulting from rise in the average monthly number of transacting users and higher monthly order frequency , and newly opened frontline fulfillment stations with density and market penetration improving in Eastern China . The increase was partially offset by the continued downward pressure on CPI prices for certain key categories , including pork , and by the closure of some inefficient frontline fulfillment stations in Beijing and the Guangzhou - Shenzhen area during the second quarter of 2026. Revenues generated from our overseas business increased by 36.2 % year over year to RMB73.2 million ( US $ 10.8 million ) , primarily due to the rise in the number of orders resulting from market expansion in overseas markets and customer base growth . Total operating costs and expenses were RMB6,244.4 million ( US $ 920.3 million ) , compared with RMB5,980.1 million in the same quarter of 2025 , with a detailed breakdown as below . No depreciation or amortization is recorded in the cost and the four categories of expenses for long - lived assets in the China business after being classified as held - for - sale , as assets held for sale are measured at the lower of their carrying amount or fair value less costs to sell according to the relevant standards under US GAAP . This has also impacted the line items below : • • Cost of goods sold was RMB4,568.7 million ( US $ 673.3 million ) , an increase of 7.4 % from RMB4,255.2 million in the same quarter of 2025. Cost of goods sold as a percentage of revenues was 70.4 % , compared with 71.2 % in the same quarter of 2025. Gross margin was 29.6 % , compared with 28.8 % in the same quarter of 2025. Since the launch and continued implementation of our 4G Strategy in early 2025 , the gross margin for the second quarter of 2026 was generally consistent with that of previous quarters . Fulfillment expenses were RMB1,207.0 million ( US $ 177.9 million ) , a decrease of 7.0 % from RMB1,297.3 million in the same quarter of 2025. Fulfillment expenses as a percentage of total revenues decreased to 18.6 % from 21.7 % in the same quarter of 2025 . • Sales and marketing expenses were RMB126.4 million ( US $ 18.6 million ) , an increase of 22.8 % from RMB102.9 million in the same quarter of 2025. Sales and marketing expenses as a percentage of total revenues slightly increased to 1.9 % , compared with 1.7 % in the same quarter of 2025. The year - on - year increase in marketing expenses is mainly attributable to the increased spending on sales and marketing activities . • General and administrative expenses were RMB126.7 million ( US $ 18.7 million ) , a slight increase of 3.1 % from RMB 122.9 million in the same quarter of 2025 , mainly driven by staff costs . Product development expenses were RMB215.7 million ( US $ 31.8 million ) , a slight increase of 6.9 % from RMB 201.8 million in the same quarter of 2025. While advocating for energy and resource saving , we will continue to invest in our product development capabilities , agricultural technology , data algorithms , and other technology infrastructure such as the Al technical capability , to further enhance our competitiveness . Income from operations was RMB252.8 million ( US $ 37.3 million ) , an increase of 209.6 % from RMB81.6 million in the same quarter of 2025 .