DDC Enterprise Reports 2026 First-Half Revenue Growth and Expands Bitcoin Holdings

DDC Enterprise Limited reported total revenue of $20.2 million for the first half of 2026, up 29% year over year, driven mainly by higher retail penetration and distribution expansion. According to Foresight News, gross profit rose 17.5% to $6.12 million, with a gross margin of 30.4%, while adjusted EBITDA for its core food business turned positive at $1.2 million. The company posted a GAAP net loss of $38.41 million, including a non-cash $34.27 million unrealized loss from Bitcoin fair value changes. As of the report date, cash and short-term investments totaled about $21.6 million, and DDC held 2,899 Bitcoins, up 145% from 1,181 at the end of 2025. On the balance sheet, working capital improved to a positive $39.4 million as of June 30 from a negative $12.2 million at the end of 2025. Shareholders' equity attributable to DDC increased to $180.8 million from about $71.2 million at the end of 2025, while net debt fell to $10.2 million from $60.6 million. The board also authorized a share repurchase program of up to $10 million or 20% of outstanding shares on July 1.