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% quarter-over-quarter 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.

  • Operating Expenses for Q4 2025 came in at -$430.4 million, down 14.85% year-over-year; the trailing twelve-month figure through Dec 2025 was -$1.6 billion (down 22.42% YoY), and the FY2025 annual result was $1.7 billion, up 24.74% from the prior year.
  • Operating Expenses fell to -$430.4 million in Q4 2025 per CHA's latest filing, from -$386.8 million in the prior quarter.
  • Over five years, Operating Expenses peaked at -$251.8 million in Q1 2024 and troughed at -$450.1 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Starbucks 114.58 Bn 112.88 Bn 9.40 Bn 8.75 Bn
2 Chipotle Mexican Grill 42.15 Bn 41.28 Bn 2.61 Bn 2.69 Bn
3 Yum Brands 42.13 Bn 41.44 Bn 1.38 Bn 1.42 Bn
4 Restaurant Brands International 25.46 Bn 25.99 Bn 2.14 Bn 1.66 Bn
5 Darden Restaurants 24.75 Bn 24.51 Bn 3.31 Bn 2.94 Bn
6 Yum China Holdings 15.17 Bn 13.74 Bn 3.24 Bn 2.82 Bn
7 Texas Roadhouse 11.72 Bn 11.53 Bn 1.40 Bn 1.49 Bn
8 Dominos Pizza 10.51 Bn 10.28 Bn 464.51 Mn 111.41 Mn
9 Cava 10.34 Bn 9.94 Bn 797.57 Mn 272.18 Mn
10 Chagee Holdings 265.95 Mn -777.13 Mn 371.92 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