TH International (THCH) Notes Payables (2021 - 2025)

TH International (THCH) has 5 years of Notes Payables data on file, last reported at $55.7 million in Q4 2025.

• Quarterly Notes Payables rose 4.95% year-over-year to $55.7 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $55.7 million (up 4.95% YoY) and the FY2025 annual result came in at $55.0 million, up 3.61% from the prior year.
• Notes Payables advanced to $55.7 million in Q4 2025 per THCH's latest filing, from $53.1 million in the prior quarter.
• Across five years, Notes Payables topped out at $90.3 million in Q3 2023 and bottomed at $30.0 million in Q4 2021.
• The 5-year median for Notes Payables is $57.3 million (2022), against an average of $60.0 million.
• The widest annual swing landed in 2022, when Notes Payables soared 90.88%; it then declined 29.0% in 2024.
• Tracing THCH's Notes Payables over 5 years: stood at $30.0 million in 2021, then soared by 90.88% to $57.3 million in 2022, then soared by 30.37% to $74.8 million in 2023, then decreased by 29.0% to $53.1 million in 2024, then gained by 4.95% to $55.7 million in 2025.
• Per Business Quant, the three latest THCH Notes Payables figures stand at $55.7 million (Q4 2025), $53.1 million (Q4 2024), and $58.5 million (Q1 2024).

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