Growth Metrics

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

Historic Operating Expenses for TH International (THCH) over the last 5 years, with Q3 2025 value amounting to $423.7 million.

  • TH International's Operating Expenses rose 197.34% to $423.7 million in Q3 2025 from the same period last year, while for Sep 2025 it was $1.7 billion, marking a year-over-year increase of 1042.5%. This contributed to the annual value of $242.2 million for FY2024, which is 2317.72% down from last year.
  • As of Q3 2025, TH International's Operating Expenses stood at $423.7 million, which was up 197.34% from $396.8 million recorded in Q2 2025.
  • In the past 5 years, TH International's Operating Expenses ranged from a high of $596.3 million in Q4 2023 and a low of $66.6 million during Q1 2024
  • Moreover, its 5-year median value for Operating Expenses was $386.0 million (2025), whereas its average is $337.7 million.
  • In the last 5 years, TH International's Operating Expenses tumbled by 8101.96% in 2023 and then surged by 47967.68% in 2025.
  • TH International's Operating Expenses (Quarter) stood at $353.3 million in 2021, then increased by 22.51% to $432.8 million in 2022, then surged by 37.76% to $596.3 million in 2023, then fell by 24.57% to $449.8 million in 2024, then fell by 5.81% to $423.7 million in 2025.
  • Its Operating Expenses was $423.7 million in Q3 2025, compared to $396.8 million in Q2 2025 and $386.0 million in Q1 2025.