Earnings ·
DDC reports H1 revenue of $20.2M and a net loss of $38.4M driven by Bitcoin mark-to-market losses
DDCDDC Enterprise Ltd
DDC Enterprise Limited reported total revenue of RMB136.7 million (US$20.2 million) for the six months ended June 30, 2026, a 29% increase from RMB111.9 million in the prior year period, driven by expanded retail penetration and offline distribution channels. The company recorded a net loss of RMB260.6 million (US$38.4 million), compared to a net income of RMB37.1 million in the same period last year. This loss was primarily attributable to non-cash unrealized fair value losses on its Bitcoin treasury holdings, which totaled RMB232.5 million (US$34.3 million). Despite the GAAP loss, the core food business delivered a positive Non-GAAP Adjusted EBITDA of RMB8.1 million (US$1.2 million). As of June 30, 2026, the company held approximately 2,899 bitcoins, up from 1,181 at year-end 2025. DDC Enterprise Limited operates as a global Asian food platform and digital asset treasury company in China.