DDC Enterprise Limited (NYSE: DDC), a global Asian food platform and digital asset treasury company, today released its unaudited financial results for the six months ended June 30, 2026.
Revenue increased 29% to US$20.2 million, driven by broader retail penetration and expanded distribution reach for DDC's culinary brand portfolio.
Gross profit increased 17.5% to US$6.1 million.
Gross margin was 30.4%, compared with 33.4% in the prior year period. The change reflected expansion into higher volume sales channels to support top line scale.
The core food business delivered positive non-GAAP Adjusted EBITDA of US$1.2 million.
Net loss was US$38.4 million, largely driven by a US$34.3 million non-cash unrealized fair value loss on digital assets. The accounting adjustment did not represent an operating cash outflow from the core food business.
On July 1, 2026, DDC's Board of Directors authorized a share repurchase program of up to US$10 million or 20% of the Company's outstanding Class A ordinary shares, whichever is lower, over a period of up to 18 months.
The program gives management flexibility to repurchase shares when such action offers attractive risk-adjusted returns for shareholders. The authorization does not obligate the Company to repurchase any shares and may be modified, suspended or terminated by the Board at any time.
DDC shares were down 0.09 cents to 34 cents.
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