Quhuo (QH) Operating Expenses (2019 - 2025)
Quhuo (QH) posted quarterly Operating Expenses of -$16.4 million for Q4 2025, down 240.02% year-over-year from $11.7 million in Q4 2024, and down 240.02% quarter-over-quarter from $11.7 million in Q4 2024.
Quhuo (QH) Operating Expenses (2019 - 2025) Analysis & Trends
Quhuo (QH) has reported Operating Expenses for 7 consecutive years, with -$16.4 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Expenses fell 240.02% year-over-year to -$16.4 million; the TTM figure through Dec 2025 stood at -$4.7 million (down 101.41% YoY), while the FY2025 annual figure was $27.2 million, up 136.36% from the prior year.
- Operating Expenses retreated to -$16.4 million in Q4 2025 per QH's latest filing, from $11.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $504.3 million in Q4 2022 and bottomed at -$27.3 million in Q4 2021.
- Historically, Operating Expenses has averaged $95.3 million across 5 years, with a median of -$8.6 million in 2021.
- Annual changes were most pronounced in 2021 — Operating Expenses sank 277.96% — and 2022, when it surged 1945.03%.
- Quhuo's Operating Expenses stood at -$27.3 million in 2021, then soared by 1945.03% to $504.3 million in 2022, then tumbled by 36.4% 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.
- Business Quant data shows QH's Operating Expenses at -$16.4 million in Q4 2025, $11.7 million in Q4 2024, and $320.7 million in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Quhuo | 222,602.88 | -236.16 Mn | 1.19 Mn | -16.44 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -16.37 Mn |
| Dec 31, 2024 | 11.69 Mn |
| Dec 31, 2023 | 320.72 Mn |
| Dec 31, 2022 | 504.32 Mn |
| Dec 31, 2021 | -27.33 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 |