Dingdong Q4 Revenue Up 5.7% to RMB6.24 Billion; New CEO Appointed
Dingdong posted Q4 2025 revenue of RMB6.24 billion, up 5.7% year-on-year, with net income of RMB33.6 million and non-GAAP profit of RMB50.8 million, marking eight straight quarters of profitability. CFO Song Wang is appointed CEO March 4, Changlin Liang remains Board Chairman and CTO Xu Jiang will resign next month.
1. Fourth Quarter 2025 Financial Results
Dingdong delivered revenue of RMB6,242.6 million in the quarter ended December 31, 2025, representing 5.7% year-on-year growth and marking eight consecutive quarters of positive top-line expansion. Net income reached RMB33.6 million, non-GAAP profit was RMB50.8 million, and operating cash inflow remained positive for the tenth straight quarter.
2. Executive Leadership Changes
Effective March 4, long-time CFO Song Wang succeeds Changlin Liang as CEO, with Liang continuing as Board Chairman. CTO Xu Jiang has tendered his resignation effective end-March, and his duties will be reassigned among current leadership to ensure uninterrupted technology operations.