Cheche (CCG) Operating Expenses (2022 - 2025)
Cheche's (CCG) quarterly Operating Expenses came in at -$12.6 million in Q4 2025, up 90.64% on a YoY basis from -$6.6 million in Q4 2024, and up 93.41% quarter-over-quarter from -$192.0 million in Q2 2025.
Analysis
Cheche (CCG) Operating Expenses (2022 - 2025) Analysis & Trends
Cheche (CCG) has reported Operating Expenses for 4 consecutive years, with -$12.6 million the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses rose 90.64% year-over-year to -$12.6 million; the trailing twelve-month figure through Dec 2025 stood at -$461.9 million (down 19.35% YoY), and the FY2025 full-year result was -$25.9 million, up 94.66% from the prior year.
- Operating Expenses grew to -$12.6 million in Q4 2025 per CCG's latest filing, from -$192.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$8.6 million in Q4 2022 and bottomed at -$192.0 million in Q2 2025.
- Historically, Operating Expenses has averaged -$64.0 million across 4 years, with a median of -$12.8 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses plunged 943.33% in 2024, then jumped 90.64% in 2025.
- Over 4 years, Operating Expenses stood at -$8.6 million in 2022, then slumped by 50.39% to -$13.0 million in 2023, then slumped by 943.33% to -$135.2 million in 2024, then surged by 90.64% to -$12.6 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered -$12.6 million, -$192.0 million, and -$135.2 million for Q4 2025, Q2 2025, and Q4 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Guidewire Software | 11.83 Bn | 11.08 Bn | 269.68 Mn | 207.36 Mn |
| 2 | Exzeo | 1.50 Bn | 1.36 Bn | 36.84 Mn | 8.38 Mn |
| 3 | Yuanbao | 571.39 Mn | -169.12 Mn | - | 138.73 Mn |
| 4 | Cheche | 182.09 Mn | 162.65 Mn | - | - |
| 5 | Roadzen | 104.06 Mn | 100.94 Mn | 9.27 Mn | 17.74 Mn |
| 6 | Health In Tech | 57.04 Mn | 50.59 Mn | 3.92 Mn | 7.36 Mn |
| 7 | MindForge | 1.79 Mn | -8.08 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -12.65 Mn |
| Jun 30, 2025 | -192.04 Mn |
| Dec 31, 2024 | -135.17 Mn |
| Sep 30, 2024 | -122.09 Mn |
| Jun 30, 2024 | -120.70 Mn |
| Mar 31, 2024 | -9.10 Mn |
| Dec 31, 2023 | -12.96 Mn |
| Sep 30, 2023 | -11.96 Mn |
| Jun 30, 2023 | -121.95 Mn |
| Mar 31, 2023 | -11.79 Mn |
| Dec 31, 2022 | -8.61 Mn |
| Sep 30, 2022 | -8.81 Mn |