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Side-by-side financial comparison of Fangdd Network Group Ltd. (DUO) and DYNEX CAPITAL INC (DX). Click either name above to swap in a different company.

DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $28.4M, roughly 1.5× Fangdd Network Group Ltd.). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 47.4%).

Fangdd Network Group Ltd. operates a leading digital real estate service platform in China, offering property listing, transaction matching, home furnishing consultation and operational support for buyers, sellers, agents and real estate development enterprises across multiple domestic city tiers.

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

DUO vs DX — Head-to-Head

Bigger by revenue
DX
DX
1.5× larger
DX
$43.5M
$28.4M
DUO
Growing faster (revenue YoY)
DX
DX
+483.9% gap
DX
531.3%
47.4%
DUO

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
DUO
DUO
DX
DX
Revenue
$28.4M
$43.5M
Net Profit
$-5.3M
Gross Margin
9.1%
Operating Margin
-35.3%
Net Margin
-18.7%
Revenue YoY
47.4%
531.3%
Net Profit YoY
-322.5%
EPS (diluted)
$-1.35
$1.59

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DUO
DUO
DX
DX
Q4 25
$43.5M
Q3 25
$30.6M
Q2 25
$28.4M
$23.1M
Q1 25
$17.1M
Q2 24
$19.3M
Q1 24
$-3.2M
Q4 22
$6.2M
Q3 22
$7.1M
Net Profit
DUO
DUO
DX
DX
Q4 25
Q3 25
$150.4M
Q2 25
$-5.3M
$-13.6M
Q1 25
$-3.1M
Q2 24
$2.4M
Q1 24
$40.1M
Q4 22
$43.3M
Q3 22
$-46.7M
Gross Margin
DUO
DUO
DX
DX
Q4 25
Q3 25
Q2 25
9.1%
Q1 25
Q2 24
12.5%
Q1 24
Q4 22
Q3 22
Operating Margin
DUO
DUO
DX
DX
Q4 25
Q3 25
Q2 25
-35.3%
Q1 25
Q2 24
-49.0%
Q1 24
Q4 22
Q3 22
Net Margin
DUO
DUO
DX
DX
Q4 25
Q3 25
491.3%
Q2 25
-18.7%
-58.8%
Q1 25
-18.0%
Q2 24
12.4%
Q1 24
-1256.8%
Q4 22
697.2%
Q3 22
-655.3%
EPS (diluted)
DUO
DUO
DX
DX
Q4 25
$1.59
Q3 25
$1.08
Q2 25
$-1.35
$-0.14
Q1 25
$-0.06
Q2 24
Q1 24
$0.64
Q4 22
$0.44
Q3 22
$-1.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DUO
DUO
DX
DX
Cash + ST InvestmentsLiquidity on hand
$24.9M
$531.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$53.1M
$2.5B
Total Assets
$94.8M
$17.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DUO
DUO
DX
DX
Q4 25
$531.0M
Q3 25
$491.0M
Q2 25
$24.9M
$387.5M
Q1 25
$327.4M
Q2 24
$18.9M
Q1 24
$295.7M
Q4 22
$332.0M
Q3 22
$260.4M
Stockholders' Equity
DUO
DUO
DX
DX
Q4 25
$2.5B
Q3 25
$2.0B
Q2 25
$53.1M
$1.6B
Q1 25
$1.4B
Q2 24
$29.4M
Q1 24
$958.5M
Q4 22
$901.3M
Q3 22
$771.3M
Total Assets
DUO
DUO
DX
DX
Q4 25
$17.3B
Q3 25
$14.2B
Q2 25
$94.8M
$11.3B
Q1 25
$9.0B
Q2 24
$92.7M
Q1 24
$6.3B
Q4 22
$3.6B
Q3 22
$4.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DUO
DUO
DX
DX
Operating Cash FlowLast quarter
$-3.0M
$120.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DUO
DUO
DX
DX
Q4 25
$120.8M
Q3 25
$68.3M
Q2 25
$-3.0M
$31.9M
Q1 25
$6.4M
Q2 24
$-808.0K
Q1 24
$-17.1M
Q4 22
$30.1M
Q3 22
$25.5M
Free Cash Flow
DUO
DUO
DX
DX
Q4 25
Q3 25
Q2 25
Q1 25
Q2 24
$-957.0K
Q1 24
Q4 22
Q3 22
FCF Margin
DUO
DUO
DX
DX
Q4 25
Q3 25
Q2 25
Q1 25
Q2 24
-5.0%
Q1 24
Q4 22
Q3 22
Capex Intensity
DUO
DUO
DX
DX
Q4 25
Q3 25
Q2 25
Q1 25
Q2 24
0.8%
Q1 24
Q4 22
Q3 22
Cash Conversion
DUO
DUO
DX
DX
Q4 25
Q3 25
0.45×
Q2 25
Q1 25
Q2 24
-0.34×
Q1 24
-0.43×
Q4 22
0.69×
Q3 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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