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

TH International (THCH) has reported Operating Leases for 5 consecutive years, with $33.9 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Operating Leases fell 35.97% year-over-year to $33.9 million; the TTM figure through Dec 2025 stood at $33.9 million (down 35.97% YoY), while the FY2025 annual figure was $33.4 million, down 36.79% from the prior year.
• Operating Leases eased to $33.9 million in Q4 2025 per THCH's latest filing, from $52.9 million in the prior quarter.
• Across five years, Operating Leases topped out at $117.7 million in Q4 2021 and bottomed at $33.9 million in Q4 2025.
• Historically, Operating Leases has averaged $86.0 million across 5 years, with a median of $98.1 million in 2023.
• Annual changes were most pronounced in 2022 — Operating Leases decreased 2.02% — and 2024, when it plunged 41.72%.
• TH International's Operating Leases stood at $117.7 million in 2021, then fell by 2.02% to $115.3 million in 2022, then dropped by 21.28% to $90.8 million in 2023, then plunged by 41.72% to $52.9 million in 2024, then sank by 35.97% to $33.9 million in 2025.
• Business Quant data shows THCH's Operating Leases at $33.9 million in Q4 2025, $52.9 million in Q4 2024, and $90.8 million in Q4 2023.