Demonstrações financeiras detalhadas de Fangdd Network Group Ltd. (DUO): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Fangdd Network Group Ltd. registou receitas de $345.2M no último exercício, com um CAGR de 5 anos de -32.4%.
Margens dos últimos 12 meses: margem bruta 22.6%, margem operacional -32.7%, margem líquida -30.2%.
Ao preço atual de $0.53, DUO apresenta lucros negativos (P/L não significativo) e um ROE de -14.60%. A capitalização de mercado é de $4M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $1.48B | $1.80B | $2.28B | $3.60B | $2.45B | $942.4M | $245.9M | $285.0M | $339.1M | $345.2M |
| Custo da Receita | $1.25B | $1.42B | $1.81B | $2.84B | $2.04B | $835.9M | $221.2M | $243.8M | $277.4M | $283.3M |
| Lucro Bruto | $228.4M | $381.6M | $476.6M | $757.0M | $414.5M | $106.5M | $24.7M | $41.2M | $61.7M | $61.9M |
| P&D | $182.6M | $191.7M | $202.9M | $725.0M | $301.4M | $167.5M | $66.0M | $32.1M | $24.8M | $24.7M |
| Despesas Gerais e Administrativas | $409.6M | $194.8M | $204.4M | $568.8M | $339.1M | $896.3M | $208.2M | $274.2M | $162.6M | $166.8M |
| Despesas Operacionais | $578.4M | $374.1M | $398.5M | $1.29B | $640.5M | $1.04B | $274.1M | $306.4M | $187.4M | $191.5M |
| Lucro Operacional | -$363.9M | -$4.9M | $69.4M | -$536.8M | -$226.0M | -$957.3M | -$249.4M | -$265.2M | -$125.7M | -$129.7M |
| EBITDA | -$325.4M | $46.5M | $123.8M | -$493.1M | -$189.9M | -$949.6M | -$223.6M | -$92.6M | -$124.0M | -$110.1M |
| Despesas com Juros | 0 | $13.0M | $1.1M | $8.7M | $13.0M | $8.3M | $5.1M | $621000 | 0 | 0 |
| Lucro Antes de Impostos | -$330.9M | $3.0M | $108.5M | -$506.6M | -$206.7M | -$1.19B | -$232.1M | -$95.0M | $20.6M | -$103.4M |
| Imposto | $1.1M | $2.4M | $4.4M | $3.8M | $14.7M | $8.9M | $7.5M | -$1.9M | -$7.7M | -$19.7M |
| Lucro Líquido | -$332.1M | $649000 | $104.0M | -$510.4M | -$221.4M | -$1.17B | -$244.0M | -$91.8M | $30.8M | -$82.4M |
| LPA | $-3190.53 | $-1355.03 | $-857.44 | $-6560.55 | $-621.63 | $-3257.30 | $-660.40 | $-22.74 | $3.45 | $-12.59 |
| LPA Diluído | $-3190.53 | $-1355.03 | $-857.44 | $-6581.17 | $-621.63 | $-3257.30 | $-660.40 | $-22.74 | $3.45 | $-12.59 |
| Ações em Circulação (Diluídas) | $168129 | $168129 | $168129 | $193409 | $354374 | $359551 | $369533 | $4.0M | $8.9M | $6.5M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $75.7M | $75.7M | $57.9M | $57.9M |
| Lucro Bruto | $22.6M | $22.6M | $7.6M | $7.6M |
| Lucro Operacional | -$30.8M | -$30.8M | -$13.0M | -$13.0M |
| EBITDA | -$21.9M | -$21.9M | -$8.3M | -$8.3M |
| Lucro Líquido | -$23.3M | -$23.3M | -$17.0M | -$17.0M |
| LPA | $-2.31 | $-2.31 | $-0.44 | $-0.44 |
| LPA Diluído | $-2.32 | $-2.32 | $-0.44 | $-0.44 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $1.02B | $573.7M | $443.6M | $1.10B | $843.4M | $492.1M | $143.9M | $121.7M | $75.4M | $32.7M |
| Investimentos de Curto Prazo | $291.5M | $32.5M | $71.5M | $11.5M | $9.0M | $6.2M | $2.0M | $15.3M | $113.6M | $114.9M |
| Contas a Receber | $194.3M | $827.8M | $1.35B | $2.19B | $2.34B | $981.4M | $564.4M | $418.2M | $314.1M | $217.5M |
| Estoque | 0 | 0 | 0 | -$2.88B | 0 | 0 | $11.2M | $12.5M | $5.4M | $5.0M |
| Ativos Circulantes | $1.75B | $2.72B | $2.43B | $3.73B | $3.48B | $1.63B | $858.9M | $613.1M | $548.6M | $390.3M |
| Imobilizado | $48.6M | $22.1M | $15.4M | $8.3M | $14.5M | $14.6M | $5.2M | $2.0M | $16.8M | $33.7M |
| Ágio | 0 | 0 | 0 | 0 | $31.2M | 0 | $454000 | 0 | 0 | 0 |
| Ativos Intangíveis | 0 | 0 | 0 | 0 | $7.4M | 0 | 0 | $1.1M | $1.0M | $234.2M |
| Ativos Totais | $1.88B | $2.84B | $2.88B | $4.37B | $4.05B | $1.91B | $1.08B | $769.9M | $731.2M | $788.8M |
| Contas a Pagar | $255.1M | $593.5M | $1.13B | $1.90B | $1.80B | $1.18B | $659.2M | $395.4M | $180.7M | $72.8M |
| Dívida de Curto Prazo | 0 | $663.1M | $395.0M | $490.0M | $443.4M | $134.8M | $72.5M | 0 | 0 | $806512 |
| Passivos Circulantes | $1.09B | $2.09B | $1.99B | $2.77B | $2.56B | $1.58B | $949.7M | $549.7M | $326.6M | $209.5M |
| Dívida de Longo Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Totais | $3.37B | $4.45B | $4.75B | $2.78B | $2.58B | $1.61B | $981.3M | $578.4M | $347.9M | $209.5M |
| Reservas | -$1.28B | -$1.51B | -$1.65B | -$2.92B | -$3.14B | -$4.31B | -$4.56B | -$4.65B | -$4.62B | -$4.71B |
| Patrimônio Líquido | -$1.49B | -$1.60B | -$1.87B | $1.59B | $1.44B | $313.3M | $100.1M | $195.8M | $386.3M | $578.8M |
| Dívida Total | 0 | $663.1M | $395.0M | $490.0M | $443.4M | $134.8M | $74.5M | $140000 | $1.5M | $806512 |
| Dívida Líquida | -$1.31B | $56.9M | -$120.1M | -$625.2M | -$409.0M | -$363.5M | -$71.4M | -$136.9M | -$187.5M | -$146.8M |
| Capital de Giro | $661.6M | $629.8M | $438.5M | $958.9M | $917.2M | $46.6M | -$90.8M | $63.4M | $222.0M | $180.8M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $29.3M | $29.3M | $13.9M | $13.9M |
| Ativos Totais | $788.3M | $788.3M | $701.1M | $701.1M |
| Passivos Totais | $209.4M | $209.4M | $177.6M | $177.6M |
| Patrimônio Líquido | $578.4M | $578.4M | $526.3M | $526.3M |
| Dívida Total | $806000 | $806000 | $254000 | $254000 |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$332.1M | $649000 | $104.0M | -$510.4M | -$221.4M | -$1.20B | -$239.6M | -$93.1M | $28.3M | -$82.4M |
| Depreciação e Amortização | $24.6M | $30.4M | $14.3M | $4.8M | $3.8M | $7.7M | $3.3M | $1.8M | $1.6M | $19.6M |
| Compensação em Ações | 0 | 0 | 0 | $745.9M | $102.8M | $47.1M | $16.7M | $105000 | $18000 | 0 |
| Variação Capital de Giro | $116.9M | -$713.4M | -$3.7M | -$174.9M | -$281.1M | $214.8M | -$70.1M | -$144.3M | -$28.9M | -$29.1M |
| Fluxo de Caixa Operacional | -$177.3M | -$674.4M | $129.5M | $118.5M | -$325.0M | -$60.6M | -$127.0M | -$186.1M | -$60.4M | -$58.6M |
| CapEx | -$24.5M | -$4.6M | -$8.4M | -$1.7M | -$10.2M | -$12.5M | -$194000 | -$296000 | -$31.2M | -$22.8M |
| Aquisições | -$21.0M | -$45.5M | -$307.9M | -$216.4M | $105.3M | -$34.5M | -$14.3M | $45.6M | -$17.9M | $9.9M |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$201.8M | -$679.1M | $121.0M | $116.8M | -$335.2M | -$73.1M | -$127.2M | -$186.4M | -$91.6M | -$81.3M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | -$19.5M | -$60.2M | 0 | 0 |
| CapEx | $214500 | -$23.4M | 0 | 0 |
| Fluxo de Caixa Livre | -$19.3M | -$83.6M | 0 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | 0 | 0 | 0 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +21.9% | +26.9% | +57.7% | -31.9% | -61.6% | -73.9% | +15.9% | +19.0% | +1.8% |
| Crescimento Lucro Líquido (anual) | | +100.2% | +15928.7% | -590.6% | +56.6% | -429.0% | +79.2% | +62.4% | +133.6% | -367.3% |
| Crescimento LPA (anual) | | +57.5% | +36.7% | -665.1% | +90.5% | -424.0% | +79.7% | +96.6% | +115.2% | -464.9% |
| Variação de Ações (anual) | | +0.0% | +0.0% | +15.0% | +83.2% | +1.5% | +2.8% | +991.9% | +121.2% | -26.8% |
| Crescimento FCF (anual) | | -236.5% | +117.8% | -3.5% | -387.0% | +78.2% | -74.0% | -46.6% | +50.9% | +11.2% |
| Margem Bruta | 15.5% | 21.2% | 20.9% | 21.0% | 16.9% | 11.3% | 10.1% | 14.5% | 18.2% | 17.9% |
| Margem Operacional | -24.7% | -0.3% | 3.0% | -14.9% | -9.2% | -101.6% | -101.4% | -93.1% | -37.1% | -37.6% |
| Margem EBITDA | -22.0% | 2.6% | 5.4% | -13.7% | -7.7% | -100.8% | -90.9% | -32.5% | -36.6% | -31.9% |
| Margem Líquida | -22.5% | 0.0% | 4.6% | -14.2% | -9.0% | -124.3% | -99.2% | -32.2% | 9.1% | -23.9% |
| Margem FCF | -13.7% | -37.8% | 5.3% | 3.2% | -13.7% | -7.8% | -51.7% | -65.4% | -27.0% | -23.6% |
| Taxa Efetiva de Imposto | -0.3% | 78.5% | 4.1% | -0.7% | -7.1% | -0.7% | -3.2% | 2.0% | -37.1% | 19.1% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-1200.11 | $-4038.89 | $719.90 | $603.98 | $-946.01 | $-203.25 | $-344.16 | $-46.20 | $-10.26 | $-12.44 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $168129 | $168129 | $121322 | $77552 | $354374 | $359551 | $369533 | $4.0M | $8.9M | $6.5M |
O que olhar em empresas de Real Estate
- FFO / Ação (Crescimento positivo) — O 'EPS real' de um REIT — lucro + depreciação.
- Cobertura do dividendo (FFO/div) (≥1,1x) — O FFO deve cobrir o dividendo com margem.
- Dívida Líquida / EBITDA (≤6x) — Referência NAREIT. Normaliza alavancagem pela geração de caixa.
- Dívida / Ativos (40-60%) — REITs usam muita dívida por design. >65% frágil em subidas de juros.
- FFO Payout (proxy) (<80%) — Dividendos / Cash Flow operacional. REITs de qualidade retêm >20%.
- P/FFO (15-20x) — O P/L equivalente para REITs. Faixa típica saudável.
Rentabilidade
| Retorno sobre patrimônio | -14.60% |
| Retorno sobre capital investido | -13.39% |
| Retorno sobre ativos | -11.50% |
| Margem bruta | 22.62% |
| Margem operacional | -32.73% |
| Margem líquida | -30.18% |
Saúde financeira
| Dívida / Patrimônio | 0.00 |
| Liquidez corrente | 1.93 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -101.84 | -224.71 | -375.27 | -59.29 | -284.92 | -3.26 | -1.93 | -3.36 | 20.25 | -0.81 |
| P/VP | -36.75 | -31.92 | -20.91 | 18.98 | 43.48 | 12.20 | 4.70 | 1.57 | 1.61 | 0.12 |
| P/V | 37.02 | 28.46 | 17.11 | 8.38 | 25.60 | 4.06 | 1.91 | 1.08 | 1.84 | 0.19 |
| Margem Bruta | 15.5% | 21.2% | 20.9% | 21.0% | 16.9% | 11.3% | 10.1% | 14.5% | 18.2% | 17.9% |
| Margem Operacional | -24.7% | -0.3% | 3.0% | -14.9% | -9.2% | -101.6% | -101.4% | -93.1% | -37.1% | -37.6% |
| Margem Líquida | -22.5% | 0.0% | 4.6% | -14.2% | -9.0% | -124.3% | -99.2% | -32.2% | 9.1% | -23.9% |