DDC Enterprise Limited, an Asian food platform and Bitcoin treasury company listed on the NYSE under the ticker DDC, released its financial results for the first half of 2026. The company posted total revenue of $20.2 million, up 29% year over year, with management attributing the increase to higher retail penetration and broader distribution. Gross profit reached $6.12 million, up 17.5%, while gross margin came in at 30.4%. Its core food business also delivered positive adjusted EBITDA of $1.2 million.
Under GAAP, DDC recorded a net loss of $38.41 million. That figure included a non-cash fair value loss on Bitcoin of $34.27 million. As of press time, the company held about $21.6 million in cash and short-term investments. Its Bitcoin treasury stood at 2,899 BTC, compared with 1,181 BTC at the end of 2025, a 145% increase. On the balance sheet, working capital improved from negative $12.2 million at the end of 2025 to positive $39.4 million as of June 30. Shareholders’ equity attributable to DDC rose from about $71.2 million to $180.8 million, while net debt fell from $60.6 million to $10.2 million. The board also authorized a share repurchase plan on July 1 for up to $10 million, or 20% of outstanding shares.
DDC Enterprise Limited (NYSE: DDC), an Asian food platform and Bitcoin treasury company, released its financial results for the first half of 2026.
Total revenue came in at $20.2 million, up 29% from a year earlier. The company said the increase was driven by stronger retail penetration and distribution expansion.
Gross profit reached $6.12 million, a 17.5% year-over-year increase, with gross margin at 30.4%. Adjusted EBITDA for the core food business turned positive at $1.2 million.
On a GAAP basis, DDC posted a net loss of $38.41 million. That included a $34.27 million non-cash fair value loss related to Bitcoin. As of press time, the company had about $21.6 million in cash and short-term investments.
Bitcoin holdings climbed to 2,899 BTC
As of press time, DDC held 2,899 BTC, up 145% from 1,181 BTC at the end of 2025.
Balance sheet metrics improved
Working capital improved sharply from negative $12.2 million at the end of 2025 to positive $39.4 million on June 30.
Shareholders’ equity attributable to DDC increased from about $71.2 million at the end of 2025 to $180.8 million. Net debt fell from $60.6 million to $10.2 million over the same period.
Board approved share repurchase plan
DDC’s board authorized a share repurchase program on July 1 for up to $10 million, or up to 20% of outstanding shares.
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