Traders should watch for continued margin pressure and cash burn; despite management's focus on cost controls, declining same-store sales and revenue suggest weakening fundamentals that could pressure the stock further, especially given its already low market cap of $72M.
Price Chart
Executive Summary
TH International Limited (THCH) reported Q4 2025 earnings with total revenues down 7.3% year-over-year to RMB308.5 million ($44.1M), driven by an 8.0% decline in company-owned store revenue and a 1.4% drop in same-store sales. Despite cost improvements and a 4.0% increase in system sales, the company posted a wider GAAP net loss of $32.5M and saw cash reserves decline. Management highlighted operational efficiencies but failed to offset fundamental revenue and profitability challenges.
Key Financial Metrics
Key Facts
- Total revenues decreased 7.3% YoY to RMB308.5 million ($44.1M)
- System sales increased 4.0% YoY to RMB359.4 million ($51.4M)
- Same-store sales for company-owned stores declined 1.4% YoY
- Net loss from continuing operations widened to $32.5M from $19.9M in Q4 2024
- Adjusted corporate EBITDA loss improved to $5.1M from $7.1M in Q4 2024
- Cash and equivalents declined to $18.5M from $26.3M in Q4 2024
Financial Impact
Revenue declined 7.3% YoY to $44.1M; net loss widened to $32.5M; cash reserves down $7.8M
Risk Factors
- Continuing decline in same-store sales and company-owned revenue
- Shrinking cash reserves amid ongoing losses
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3273239 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | 6-K | $1.00 | awaiting T+60 | — | $1.21 (+21.00%) |
Sep 10, 2026 6w ago | 6-K | $1.36 | awaiting T+60 | — | $1.21 (+11.03%) |
Aug 18, 2026 10w ago | 6-K | $1.38 | awaiting T+60 | — | $1.21 (+12.32%) |
Aug 18, 2026 10w ago | Press Release | $1.38 | awaiting T+60 | — | $1.21 (+12.32%) |
Aug 11, 2026 11w ago | Press Release | $1.60 | awaiting T+60 | — | $1.21 (−24.37%) |
Jul 7, 2026 16w ago | 6-K | $1.80 $1.32 | ▲ +26.46% | ▲ +28.96% | $1.21 (+32.59%) |
Jun 10, 2026 19w ago | 6-K | $1.75 $1.38 | ▲ +21.14% | ▲ +27.72% | $1.21 (+30.86%) |
Jun 9, 2026 20w ago | 6-K | $1.75 $1.38 | ▼ −21.14% | ▼ −27.72% | $1.21 (−30.86%) |
Jun 9, 2026 20w ago | Press Release | $1.80 $1.39 | ▲ +22.78% | ▲ +26.59% | $1.21 (+32.78%) |
Jun 1, 2026 21w ago | Press Release | $2.01 $1.25 | ▼ −38.06% | ▼ −39.29% | $1.21 (−39.80%) |
US Market Status
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