TH International (THCH) Cost of Revenue (2021 - 2025)

TH International (THCH) has 5 years of Cost of Revenue data on file, last reported at $5.9 million in Q4 2025.

• Quarterly Cost of Revenue fell 10.68% year-over-year to $5.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $24.0 million (up 12.59% YoY) and the FY2025 annual result came in at $24.5 million, up 16.41% from the prior year.
• Cost of Revenue eased to $5.9 million in Q4 2025 per THCH's latest filing, from $7.3 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $7.3 million in Q3 2025 and bottomed at $859468.3 in Q3 2021.
• The 5-year median for Cost of Revenue is $4.6 million (2024), against an average of $4.2 million.
• The widest annual swing landed in 2023, when Cost of Revenue surged 334.31%; it then fell 10.68% in 2025.
• Tracing THCH's Cost of Revenue over 5 years: stood at $1.0 million in 2021, then jumped by 213.94% to $3.2 million in 2022, then soared by 123.55% to $7.2 million in 2023, then declined by 7.23% to $6.6 million in 2024, then declined by 10.68% to $5.9 million in 2025.
• Per Business Quant, the three latest THCH Cost of Revenue figures stand at $5.9 million (Q4 2025), $7.3 million (Q3 2025), and $6.5 million (Q2 2025).

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