TH International (THCH) Operating Expenses (2021 - 2025)

TH International (THCH) has 5 years of Operating Expenses data on file, last reported at $61.1 million in Q4 2025.

• Operating Expenses for Q4 2025 came in at $61.1 million, down 0.9% year-over-year; the trailing twelve-month figure through Dec 2025 was $229.2 million (down 6.4% YoY), and the FY2025 annual result was $233.6 million, down 2.02% from the prior year.
• Operating Expenses advanced to $61.1 million in Q4 2025 per THCH's latest filing, from $59.5 million in the prior quarter.
• Over five years, Operating Expenses peaked at $87.8 million in Q4 2023 and troughed at $45.6 million in Q3 2021.
• A 5-year average of $62.7 million and a median of $60.3 million in 2025 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2023 and 2024: Operating Expenses soared 56.3% in 2023, then dropped 29.81% in 2024.
• A 5-year view of Operating Expenses shows it stood at $55.3 million in 2021, then grew by 13.56% to $62.8 million in 2022, then soared by 39.9% to $87.8 million in 2023, then retreated by 29.81% to $61.6 million in 2024, then fell by 0.9% to $61.1 million in 2025.
• Business Quant data shows THCH's Operating Expenses at $61.1 million in Q4 2025, $59.5 million in Q3 2025, and $55.4 million in Q2 2025.