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| 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 |