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
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