Chagee Holdings (CHA) Operating Expenses (2024 - 2025)
Chagee Holdings (CHA) posted quarterly 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% quarter-over-quarter from -$386.8 million in Q3 2025.
Chagee Holdings (CHA) Operating Expenses (2024 - 2025) Analysis & Trends
Chagee Holdings (CHA) has reported Operating Expenses for 2 consecutive years, with -$430.4 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Expenses fell 14.85% year-over-year to -$430.4 million; the TTM figure through Dec 2025 stood at -$1.6 billion (down 22.42% YoY), while the FY2025 annual figure was $1.7 billion, up 24.74% from the prior year.
- Operating Expenses eased 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 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 3.76 Bn |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 8.42 Bn |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 2.82 Bn |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 1.51 Bn |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 1.80 Bn |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 3.20 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 1.80 Bn |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 2.79 Bn |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 1.54 Bn |
| 10 | Chagee Holdings | 1.96 Bn | 916.06 Mn | 392.25 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 |