TH International Limited (THCH)

NASDAQ: THCH · Real-Time Price · USD

2.010

-0.040 (-1.95%)

At close: May 15, 2026, 4:00 PM EDT

2.000

-0.010 (-0.50%)

After-hours: May 15, 2026, 4:04 PM EDT

TH International Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,316	1,391	1,560	1,011	643.37
Revenue Growth (YoY)	-5.39%	-10.82%	54.30%	57.15%	203.36%
Cost of Revenue	1,128	1,215	1,465	1,050	709.87
Gross Profit	187.73	176.29	94.77	-39.12	-66.5
Selling, General & Admin	267.8	275.17	421.94	370.56	225.28
Depreciation & Amortization Expenses	107.93	129.61	138.73	118.66	62.68
Other Operating Expenses	129.35	120.58	202.02	52.84	20.01
Total Operating Expenses	505.08	525.37	762.69	542.06	307.97
Operating Income	-317.35	-349.08	-667.93	-581.18	-374.46
Interest Income	3.53	3.2	14.18	2.7	0.32
Interest Expense	-16.68	-22.45	-20.42	-14.8	-1.9
Other Non-Operating Income (Expense)	-104.82	-89.99	-165.47	35.13	-6.88
Total Non-Operating Income (Expense)	-117.98	-109.23	-171.71	23.03	-8.47
Pretax Income	-435.33	-458.31	-839.63	-558.15	-382.93
Provision for Income Taxes	0.48	2.12	0.1	-	-
Net Income	-434.49	-412.08	-876.25	-560.25	-381.72
Minority Interest in Earnings	-1.32	3.1	3.32	2.1	1.21
Earnings From Discontinued Operations	-	51.44	-33.2	-	-
Net Income to Common	-434.49	-412.08	-876.25	-560.25	-381.72
Shares Outstanding (Basic)	33	32	31	26	24
Shares Outstanding (Diluted)	33	32	31	26	24
Shares Change (YoY)	0.23%	5.21%	20.37%	5.36%	13.93%
EPS (Basic)	-13.36	-12.70	-28.41	-28.99	-15.70
EPS (Diluted)	-13.36	-12.70	-28.41	-28.99	-15.70
Shares Outstanding	32.04	32.01	31.65	28.19	24.84
Free Cash Flow	-78.33	-142.51	-487.8	457.82	-580.28
Free Cash Flow Per Share	-2.41	-4.39	-15.82	17.87	-23.86
Gross Margin	14.26%	12.67%	6.07%	-3.87%	-10.34%
Operating Margin	-24.11%	-25.09%	-42.82%	-57.48%	-58.20%
Profit Margin	-33.11%	-33.10%	-53.83%	-55.20%	-59.52%
FCF Margin	-5.95%	-10.24%	-31.27%	45.28%	-90.19%
EBITDA	-170.56	-179.4	-504.78	-447.78	-300.19
EBITDA Margin	-12.96%	-12.90%	-32.36%	-44.29%	-46.66%
EBIT	-317.35	-349.08	-667.93	-581.18	-374.46
EBIT Margin	-24.11%	-25.09%	-42.82%	-57.48%	-58.20%
Effective Tax Rate	-0.11%	-0.46%	-0.01%	0.00%	0.00%

Updated Apr 15, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q