TH International (THCH) Payables (2021 - 2025)

TH International (THCH) has reported Payables for 5 consecutive years, with $30.5 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Payables fell 19.35% year-over-year to $30.5 million; the TTM figure through Dec 2025 stood at $30.5 million (down 19.35% YoY), while the FY2025 annual figure was $30.1 million, down 20.38% from the prior year.
• Payables retreated to $30.5 million in Q4 2025 per THCH's latest filing, from $37.9 million in the prior quarter.
• Across five years, Payables topped out at $118.7 million in Q3 2023 and bottomed at $30.5 million in Q4 2025.
• Historically, Payables has averaged $71.2 million across 5 years, with a median of $72.2 million in 2022.
• Annual changes were most pronounced in 2022 — Payables surged 82.44% — and 2024, when it slumped 64.04%.
• TH International's Payables stood at $39.6 million in 2021, then surged by 82.44% to $72.2 million in 2022, then surged by 45.82% to $105.3 million in 2023, then plunged by 64.04% to $37.9 million in 2024, then declined by 19.35% to $30.5 million in 2025.
• Business Quant data shows THCH's Payables at $30.5 million in Q4 2025, $37.9 million in Q4 2024, and $94.0 million in Q1 2024.