TH International (THCH) Receivables Refunds (2021 - 2025)

TH International (THCH) has 5 years of Receivables Refunds data on file, last reported at $14.0 million in Q4 2025.

• Quarterly Receivables Refunds fell 17.77% year-over-year to $14.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $14.0 million (down 17.77% YoY) and the FY2025 annual result came in at $13.8 million, down 18.82% from the prior year.
• Receivables Refunds declined to $14.0 million in Q4 2025 per THCH's latest filing, from $17.0 million in the prior quarter.
• Across five years, Receivables Refunds topped out at $17.0 million in Q4 2024 and bottomed at $7.9 million in Q4 2021.
• The 5-year median for Receivables Refunds is $14.0 million (2025), against an average of $12.9 million.
• The widest annual swing landed in 2023, when Receivables Refunds jumped 64.03%; it then decreased 17.77% in 2025.
• Tracing THCH's Receivables Refunds over 5 years: stood at $7.9 million in 2021, then gained by 24.72% to $9.8 million in 2022, then soared by 64.03% to $16.1 million in 2023, then grew by 5.72% to $17.0 million in 2024, then decreased by 17.77% to $14.0 million in 2025.
• Per Business Quant, the three latest THCH Receivables Refunds figures stand at $14.0 million (Q4 2025), $17.0 million (Q4 2024), and $16.1 million (Q4 2023).

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