Dingdong (Cayman) Limited filed a Form 6-K with the SEC on November 13, 2026, reporting unaudited financial results for the quarter ended September 30, 2026, including total GMV of RMB8,311.1 million and net income of RMB298.1 million.

Key Highlights

  • GMV growth: Total GMV for Q3 2026 reached RMB8,311.1 million (US$1,239.6 million), up 14.3% year over year from RMB7,273.2 million in Q3 2025, marking eleven straight quarters of positive year-on-year GMV growth.
  • Eastern China outperformance: The Eastern China region recorded GMV growth of 17.6% year over year during the quarter, according to the filing.
  • Net income: Net income was RMB298.1 million (US$44.5 million), up 259.6% from RMB82.9 million in Q3 2025, representing the eleventh consecutive quarter of GAAP profitability.
  • Non-GAAP net income: Non-GAAP net income was RMB307.6 million (US$45.9 million), an increase of 203.8% from RMB101.3 million in Q3 2025, the sixteenth consecutive quarter of non-GAAP profitability.
  • Total revenues: Total revenues were RMB7,380.4 million (US$1,100.8 million), up 10.8% year over year from RMB6,662.4 million in Q3 2025.
  • Gross margin improvement: Gross margin was 29.7% in Q3 2026, compared with 28.9% in Q3 2025, with the company attributing the improvement to its 4G Strategy implemented beginning in early 2025.
  • Pending Meituan transaction: The company disclosed that a definitive agreement to divest its China business to Meituan, entered into on February 5, 2026, remains pending as of the filing date, subject to anti-monopoly approval from SAMR.

Dingdong's Fresh Grocery Operations and Pending China Business Divestiture

Dingdong (Cayman) Limited, described in the filing as "a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities" and listed on NYSE:DDL, reported that its China business revenues, classified within discontinued operations, increased 11.0% year over year to RMB7,307.2 million (US$1,089.9 million) in Q3 2026. The company attributed this increase primarily to a rise in the number of orders, driven by growth in the average monthly number of transacting users and higher monthly order frequency, along with the continued expansion of frontline fulfillment stations in Eastern China, including new openings in Huai'an, Hefei, and Suqian during the quarter. The filing noted that partially offsetting factors included continued downward pressure on consumer price index levels for certain key categories such as pork, and closures of some frontline fulfillment stations in Beijing and the Guangzhou-Shenzhen area.

The filing disclosed that the pending divestiture of the China business to Meituan has had a direct accounting impact on reported results. Because long-lived assets in the China business were classified as held-for-sale, no depreciation or amortization was recognized on those assets, which the company stated resulted in an increase to net income of RMB195.7 million (US$29.2 million) in Q3 2026. The filing stated this impact "will continue to affect the quarterly net income every period prior to the completion of the Meituan transaction." Income from operations for the total company was RMB280.1 million (US$41.8 million), an increase of 372.4% from RMB59.3 million in Q3 2025.

On the cost side, fulfillment expenses were RMB1,436.0 million (US$214.2 million), nearly flat versus RMB1,430.6 million in Q3 2025, while fulfillment expenses as a percentage of total revenues declined to 19.5% from 21.5%. Product development expenses decreased 6.5% to RMB190.3 million (US$28.4 million). The company's overseas business reported a revenue decrease of 6.9% year over year to RMB73.2 million (US$10.9 million), with the net loss for the overseas segment increasing 84.8% year over year to RMB32.5 million (US$4.9 million). Net cash inflow from operating activities was reported at RMB351 million on a consolidated basis, including RMB384 million from the China business.

What Was Disclosed

Dingdong (Cayman) Limited filed a Form 6-K on November 13, 2026 covering unaudited Q3 2026 results for the quarter ended September 30, 2026. The filing reported GMV, revenues, net income, non-GAAP net income, gross margin, and operating cost details, along with an update on the pending divestiture of its China business to Meituan.