Quhuo (QH) Operating Expenses (2019 - 2025)

Quhuo's (QH) quarterly Operating Expenses came in at -$16.4 million in Q4 2025, down 240.62% year-on-year from $11.7 million in Q4 2024, and down 240.62% on a QoQ basis from $11.7 million in Q4 2024.

Quhuo (QH) Operating Expenses (2019 - 2025) Analysis & Trends

Quhuo (QH) has 7 years of Operating Expenses data on file, last reported at -$16.4 million in Q4 2025.

  • On a quarterly basis, Operating Expenses fell 240.62% year-over-year to -$16.4 million in Q4 2025; TTM through Dec 2025 was -$4.7 million, a 101.43% decrease from a year earlier, with the FY2025 full-year figure at $27.2 million, up 136.36% from the prior year.
  • Operating Expenses for Q4 2025 stood at -$16.4 million, down from $11.7 million in the prior quarter.
  • Over the last five years, Operating Expenses for QH reached as high as $505.0 million in Q4 2022 and fell as low as -$19.2 million in Q4 2021.
  • Historically, Operating Expenses has averaged $96.3 million across 5 years, with a median of -$8.6 million in 2021.
  • Across the five-year window, Operating Expenses soared 2729.65% in 2022 and sank 240.62% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at -$19.2 million in 2021, then surged by 2729.65% to $505.0 million in 2022, then plunged by 36.49% to $320.7 million in 2023, then slumped by 96.35% to $11.7 million in 2024, then sank by 240.62% to -$16.4 million in 2025.
  • Per Business Quant data, the three most recent Operating Expenses figures were -$16.4 million in Q4 2025, $11.7 million in Q4 2024, and $320.7 million in Q4 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -269.42 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 1.16 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 11.28 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 6.22 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 2.66 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 4.23 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 1.25 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 1.04 Bn
10 Quhuo 19.18 Mn -217.20 Mn 1.19 Mn -16.44 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -16.44 Mn
Dec 31, 2024 11.69 Mn
Dec 31, 2023 320.72 Mn
Dec 31, 2022 505.03 Mn
Dec 31, 2021 -19.21 Mn
Sep 30, 2021 -9.66 Mn
Jun 30, 2021 -13.81 Mn
Mar 31, 2021 -7.55 Mn
Dec 31, 2020 -7.23 Mn
Sep 30, 2020 -15.45 Mn
Jun 30, 2020 -4.36 Mn
Mar 31, 2020 -4.31 Mn
Dec 31, 2019 -6.44 Mn
Sep 30, 2019 -4.95 Mn
Jun 30, 2019 -10.61 Mn