Quhuo (QH) Operating Expenses (2019 - 2025)

Quhuo (QH) has reported Operating Expenses for 7 consecutive years, with -$16.4 million the latest figure, recorded in Q4 2025.

• On a quarterly basis, Operating Expenses fell 240.02% year-over-year to -$16.4 million in Q4 2025; TTM through Dec 2025 was $837.7 million, a 20.69% decrease from a year earlier, with the FY2025 full-year figure at -$27.2 million, down 336.36% from the prior year.
• Operating Expenses was -$16.4 million for Q4 2025 at Quhuo, down from $11.7 million in the prior quarter.
• Over five years, Operating Expenses peaked at $521.7 million in Q4 2022 and troughed at -$16.4 million in Q4 2025.
• A 5-year average of $126.1 million and a median of $2.1 million in 2021 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses jumped 2894.72% in 2021 and plunged 240.02% in 2025, its largest moves.
• Over 5 years, Operating Expenses stood at $202.1 million in 2021, then surged by 158.11% to $521.7 million in 2022, then tumbled by 38.52% to $320.7 million in 2023, then slumped by 96.35% to $11.7 million in 2024, then sank by 240.02% to -$16.4 million in 2025.
• The last three Operating Expenses figures came in at -$16.4 million (Q4 2025), $11.7 million (Q4 2024), and $320.7 million (Q4 2023), per Business Quant data.