TH International (THCH) Receivables (2021 - 2025)

TH International (THCH) has reported Receivables for 5 consecutive years, with $2.5 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Receivables fell 63.77% year-over-year to $2.5 million; the TTM figure through Dec 2025 stood at $2.5 million (down 63.77% YoY), while the FY2025 annual figure was $2.5 million, down 64.23% from the prior year.
• Receivables retreated to $2.5 million in Q4 2025 per THCH's latest filing, from $7.0 million in the prior quarter.
• Across five years, Receivables topped out at $45.2 million in Q4 2021 and bottomed at $2.5 million in Q4 2025.
• Historically, Receivables has averaged $15.7 million across 5 years, with a median of $4.6 million in 2023.
• Annual changes were most pronounced in 2023 — Receivables plunged 90.78% — and 2024, when it surged 75.48%.
• TH International's Receivables stood at $45.2 million in 2021, then decreased by 4.77% to $43.0 million in 2022, then slumped by 90.78% to $4.0 million in 2023, then soared by 75.48% to $7.0 million in 2024, then tumbled by 63.77% to $2.5 million in 2025.
• Business Quant data shows THCH's Receivables at $2.5 million in Q4 2025, $7.0 million in Q4 2024, and $3.8 million in Q1 2024.