Chagee Holdings (CHA) Operating Expenses (2024 - 2025)

Chagee Holdings' (CHA) quarterly Operating Expenses came in at -$430.4 million in Q4 2025, down 14.85% year-on-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) Operating Expenses (2024 - 2025) Analysis & Trends

Chagee Holdings (CHA) has 2 years of Operating Expenses data on file, last reported at -$430.4 million in Q4 2025.

  • On a quarterly basis, Operating Expenses fell 14.85% year-over-year to -$430.4 million in Q4 2025; TTM through Dec 2025 was -$1.6 billion, a 22.42% decrease from a year earlier, with the FY2025 full-year figure at $1.7 billion, up 24.74% from the prior year.
  • Operating Expenses for Q4 2025 stood at -$430.4 million, down from -$386.8 million in the prior quarter.
  • Over the last five years, Operating Expenses for CHA reached as high as -$251.8 million in Q1 2024 and fell as low as -$450.1 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Starbucks 117.61 Bn 115.91 Bn 6.32 Bn 8.75 Bn
2 Chipotle Mexican Grill 41.20 Bn 40.33 Bn 2.61 Bn 2.69 Bn
3 Yum Brands 40.68 Bn 39.99 Bn 1.38 Bn 1.42 Bn
4 Restaurant Brands International 25.13 Bn 25.66 Bn 2.14 Bn 1.66 Bn
5 Darden Restaurants 22.23 Bn 21.99 Bn 3.68 Bn 3.20 Bn
6 Yum China Holdings 15.22 Bn 14.47 Bn 2.31 Bn 2.82 Bn
7 Texas Roadhouse 12.56 Bn 12.37 Bn 1.40 Bn 1.49 Bn
8 Dominos Pizza 10.74 Bn 10.60 Bn 478.23 Mn 115.37 Mn
9 Dutch Bros 8.14 Bn 8.10 Bn 107.48 Mn 430.11 Mn
10 Chagee Holdings 1.82 Bn 779.84 Mn 392.25 Mn -430.43 Mn

Historic Data

Download Data
DateValue
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