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.

• Quarterly Operating Expenses fell 0.9% year-over-year to $61.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $229.2 million (down 6.4% YoY) and the FY2025 annual result came in at $233.6 million, down 2.02% from the prior year.
• Operating Expenses climbed to $61.1 million in Q4 2025 per THCH's latest filing, from $59.5 million in the prior quarter.
• Across five years, Operating Expenses topped out at $87.8 million in Q4 2023 and bottomed at $45.6 million in Q3 2021.
• The 5-year median for Operating Expenses is $60.3 million (2025), against an average of $62.7 million.
• The widest annual swing landed in 2023, when Operating Expenses jumped 56.3%; it then decreased 29.81% in 2024.
• Tracing THCH's Operating Expenses over 5 years: stood at $55.3 million in 2021, then advanced by 13.56% to $62.8 million in 2022, then jumped by 39.9% to $87.8 million in 2023, then declined by 29.81% to $61.6 million in 2024, then dropped by 0.9% to $61.1 million in 2025.
• Per Business Quant, the three latest THCH Operating Expenses figures stand at $61.1 million (Q4 2025), $59.5 million (Q3 2025), and $55.4 million (Q2 2025).

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