Cheche (CCG) Gross Margin (2022 - 2025)
Cheche's (CCG) quarterly Gross Margin came in at 5.69% in Q4 2025, down 402.0% YoY from 1.89% in Q4 2024, and down 41.41% on a QoQ basis from 9.72% in Q4 2024.
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Cheche (CCG) Gross Margin (2022 - 2025) Analysis & Trends
Cheche (CCG) has 4 years of Gross Margin data on file, last reported at 5.69% in Q4 2025.
- Quarterly Gross Margin fell 402.0% year-over-year to 5.69% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 6.03% (up 23.0% YoY) and the FY2025 annual result came in at 5.33%, up 68.0% from the prior year.
- Gross Margin slipped to 5.69% in Q4 2025, from 9.72% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 9.72% in Q4 2024 to a low of 2.97% in Q2 2023.
- A 4-year average of 5.03% and a median of 4.67% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin surged 472 bps — and 2025, when it plunged 402 bps.
- Tracing CCG's Gross Margin over 4 years: stood at 6.08% in 2022, then decreased by 18 bps to 4.99% in 2023, then surged by 95 bps to 9.72% in 2024, then slumped by 41 bps to 5.69% in 2025.
- The last three Gross Margin figures came in at 5.69% (Q4 2025), 9.72% (Q4 2024), and 4.89% (Q3 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 81.37% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 33.41% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 77.06% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 91.27% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 37.22% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 78.18% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 76.06% |
| 10 | Cheche | 37.75 Mn | 37.77 Mn | 13.52 Mn | 5.69% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 5.69% |
| Dec 31, 2024 | 9.72% |
| Sep 30, 2024 | 4.89% |
| Jun 30, 2024 | 3.63% |
| Mar 31, 2024 | 4.29% |
| Dec 31, 2023 | 4.99% |
| Sep 30, 2023 | 4.67% |
| Jun 30, 2023 | 2.97% |
| Mar 31, 2023 | 4.32% |
| Dec 31, 2022 | 6.08% |
| Sep 30, 2022 | 4.02% |