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

STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $28.4M, roughly 1.7× Fangdd Network Group Ltd.). Fangdd Network Group Ltd. runs the higher net margin — -18.7% vs -33.9%, a 15.2% gap on every dollar of revenue. On growth, Fangdd Network Group Ltd. posted the faster year-over-year revenue change (47.4% vs -15.6%).

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.

StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.

DUO vs STEM — Head-to-Head

Bigger by revenue
STEM
STEM
1.7× larger
STEM
$47.1M
$28.4M
DUO
Growing faster (revenue YoY)
DUO
DUO
+63.0% gap
DUO
47.4%
-15.6%
STEM
Higher net margin
DUO
DUO
15.2% more per $
DUO
-18.7%
-33.9%
STEM

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
DUO
DUO
STEM
STEM
Revenue
$28.4M
$47.1M
Net Profit
$-5.3M
$-16.0M
Gross Margin
9.1%
48.9%
Operating Margin
-35.3%
-17.7%
Net Margin
-18.7%
-33.9%
Revenue YoY
47.4%
-15.6%
Net Profit YoY
-322.5%
68.8%
EPS (diluted)
$-1.35
$-4.40

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
STEM
STEM
Q4 25
$47.1M
Q3 25
$38.2M
Q2 25
$28.4M
$38.4M
Q1 25
$32.5M
Q4 24
$55.8M
Q3 24
$29.3M
Q2 24
$19.3M
$34.0M
Q1 24
$25.5M
Net Profit
DUO
DUO
STEM
STEM
Q4 25
$-16.0M
Q3 25
$-23.8M
Q2 25
$-5.3M
$202.5M
Q1 25
$-25.0M
Q4 24
$-51.1M
Q3 24
$-148.3M
Q2 24
$2.4M
$-582.3M
Q1 24
$-72.3M
Gross Margin
DUO
DUO
STEM
STEM
Q4 25
48.9%
Q3 25
35.5%
Q2 25
9.1%
33.4%
Q1 25
32.4%
Q4 24
-4.4%
Q3 24
21.2%
Q2 24
12.5%
27.6%
Q1 24
-95.0%
Operating Margin
DUO
DUO
STEM
STEM
Q4 25
-17.7%
Q3 25
-33.6%
Q2 25
-35.3%
-34.8%
Q1 25
-65.0%
Q4 24
-84.4%
Q3 24
-493.2%
Q2 24
-49.0%
-1705.5%
Q1 24
-267.0%
Net Margin
DUO
DUO
STEM
STEM
Q4 25
-33.9%
Q3 25
-62.2%
Q2 25
-18.7%
527.8%
Q1 25
-76.9%
Q4 24
-91.6%
Q3 24
-506.3%
Q2 24
12.4%
-1712.6%
Q1 24
-283.9%
EPS (diluted)
DUO
DUO
STEM
STEM
Q4 25
$-4.40
Q3 25
$-2.84
Q2 25
$-1.35
$-1.79
Q1 25
$-0.15
Q4 24
$-15.29
Q3 24
$-18.24
Q2 24
$-71.81
Q1 24
$-0.46

Balance Sheet & Financial Strength

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

Metric
DUO
DUO
STEM
STEM
Cash + ST InvestmentsLiquidity on hand
$24.9M
$48.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$53.1M
$-249.4M
Total Assets
$94.8M
$308.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DUO
DUO
STEM
STEM
Q4 25
$48.9M
Q3 25
$43.1M
Q2 25
$24.9M
$40.8M
Q1 25
$58.6M
Q4 24
$56.3M
Q3 24
$75.4M
Q2 24
$18.9M
$89.6M
Q1 24
$112.8M
Stockholders' Equity
DUO
DUO
STEM
STEM
Q4 25
$-249.4M
Q3 25
$-235.7M
Q2 25
$53.1M
$-214.1M
Q1 25
$-417.5M
Q4 24
$-398.4M
Q3 24
$-344.1M
Q2 24
$29.4M
$-203.2M
Q1 24
$371.6M
Total Assets
DUO
DUO
STEM
STEM
Q4 25
$308.9M
Q3 25
$362.6M
Q2 25
$94.8M
$379.2M
Q1 25
$405.1M
Q4 24
$437.4M
Q3 24
$537.8M
Q2 24
$92.7M
$691.5M
Q1 24
$1.3B

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
STEM
STEM
Operating Cash FlowLast quarter
$-3.0M
$8.2M
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
STEM
STEM
Q4 25
$8.2M
Q3 25
$11.4M
Q2 25
$-3.0M
$-21.3M
Q1 25
$8.5M
Q4 24
$-14.7M
Q3 24
$-9.4M
Q2 24
$-808.0K
$-11.9M
Q1 24
$-621.0K
Free Cash Flow
DUO
DUO
STEM
STEM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-957.0K
Q1 24
FCF Margin
DUO
DUO
STEM
STEM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-5.0%
Q1 24
Capex Intensity
DUO
DUO
STEM
STEM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.8%
Q1 24
Cash Conversion
DUO
DUO
STEM
STEM
Q4 25
Q3 25
Q2 25
-0.11×
Q1 25
Q4 24
Q3 24
Q2 24
-0.34×
Q1 24

Financial Flow Comparison

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

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