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

TH International's (THCH) quarterly Notes Payables came in at $2.5 million in Q4 2025, down 63.35% year-on-year from $6.7 million in Q4 2024, and down 63.35% on a QoQ basis from $6.7 million in Q4 2024.

TH International (THCH) Notes Payables (2021 - 2025) Analysis & Trends

TH International (THCH) has 5 years of Notes Payables data on file, last reported at $2.5 million in Q4 2025.

  • On a quarterly basis, Notes Payables fell 63.35% year-over-year to $2.5 million in Q4 2025; TTM through Dec 2025 was $2.5 million, a 63.35% decrease from a year earlier, with the FY2025 full-year figure at $2.4 million, down 63.81% from the prior year.
  • Notes Payables for Q4 2025 stood at $2.5 million, down from $6.7 million in the prior quarter.
  • Over the last five years, Notes Payables for THCH reached as high as $90.3 million in Q3 2023 and fell as low as $2.5 million in Q4 2025.
  • Historically, Notes Payables has averaged $45.7 million across 5 years, with a median of $57.3 million in 2022.
  • Across the five-year window, Notes Payables soared 90.88% in 2022 and sank 91.04% in 2024, its largest moves.
  • Year by year, Notes Payables stood at $30.0 million in 2021, then surged by 90.88% to $57.3 million in 2022, then surged by 30.37% to $74.8 million in 2023, then sank by 91.04% to $6.7 million in 2024, then plunged by 63.35% to $2.5 million in 2025.
  • Per Business Quant data, the three most recent Notes Payables figures were $2.5 million in Q4 2025, $6.7 million in Q4 2024, and $58.5 million in Q1 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Starbucks 117.61 Bn 115.91 Bn 6.32 Bn
2 Chipotle Mexican Grill 41.20 Bn 40.33 Bn 2.61 Bn
3 Yum Brands 40.68 Bn 39.99 Bn 1.38 Bn
4 Restaurant Brands International 25.13 Bn 25.66 Bn 2.14 Bn
5 Darden Restaurants 22.23 Bn 21.99 Bn 3.68 Bn
6 Yum China Holdings 15.22 Bn 14.47 Bn 2.31 Bn
7 Texas Roadhouse 12.56 Bn 12.37 Bn 1.40 Bn
8 Dominos Pizza 10.74 Bn 10.60 Bn 478.23 Mn
9 Dutch Bros 8.14 Bn 8.10 Bn 107.48 Mn
10 TH International 35.21 Mn 19.06 Mn 32.43 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 2.46 Mn
Dec 31, 2024 6.70 Mn
Mar 31, 2024 58.54 Mn
Dec 31, 2023 74.75 Mn
Sep 30, 2023 90.32 Mn
Dec 31, 2022 57.34 Mn
Dec 31, 2021 30.04 Mn