Chagee Holdings (CHA) Operating Expenses (2024 - 2025)
Chagee Holdings (CHA) reported Operating Expenses of -$430.4 million for Q4 2025, down 14.85% year-over-year from -$505.5 million in Q4 2024, and down 11.27% on a QoQ basis from -$386.8 million in Q3 2025.
Chagee Holdings (CHA) has 2 years of Operating Expenses data on file, last reported at -$430.4 million in Q4 2025.
- Quarterly Operating Expenses fell 14.85% year-over-year to -$430.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$1.6 billion (down 22.42% YoY) and the FY2025 annual result came in at $1.7 billion, up 24.74% from the prior year.
- Operating Expenses retreated to -$430.4 million in Q4 2025 per CHA's latest filing, from -$386.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$251.8 million in Q1 2024 and bottomed at -$450.1 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 8.75 Bn |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 1.42 Bn |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 2.69 Bn |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 1.66 Bn |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 2.94 Bn |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 2.82 Bn |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 1.49 Bn |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 111.41 Mn |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 272.18 Mn |
| 10 | Chagee Holdings | 302.37 Mn | -740.71 Mn | 371.92 Mn | -430.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -430.43 Mn |
| Sep 30, 2025 | -386.84 Mn |
| Jun 30, 2025 | -450.09 Mn |
| Mar 31, 2025 | -354.42 Mn |
| Dec 31, 2024 | -374.76 Mn |
| Sep 30, 2024 | -383.29 Mn |
| Jun 30, 2024 | -314.87 Mn |
| Mar 31, 2024 | -251.81 Mn |