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| Date | Value |
|---|---|
| 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 |