The stock may face downward pressure due to declining revenue and margins despite store growth, but could find support from improving operational efficiencies and strong loyalty program growth. Monitor the company's ability to stabilize margins and reverse the cash burn trend.
Price Chart
Executive Summary
Tims China reported mixed Q4 2025 results with a 7.3% YoY decline in total revenue to RMB308.5 million ($44.1M) and a 4.0% increase in system sales to RMB359.4 million ($51.4M). The company achieved 17 net new store openings and grew its loyalty base by 29% to 31.0 million members, but store contribution margin fell to 3.7% from 4.8% and cash reserves declined significantly.
Key Facts
- Total revenue decreased 7.3% YoY to RMB308.5 million ($44.1 million) in Q4 2025
- System sales increased 4.0% YoY to RMB359.4 million ($51.4 million)
- Company-owned store contribution margin declined to 3.7% from 4.8% YoY
- 17 net new store openings in Q4, bringing total system-wide stores to 1,047
- Loyalty club members grew 29% YoY to 31.0 million
- Cash and equivalents declined to RMB129.7 million ($18.5M) from RMB184.2M YoY
- Adjusted corporate EBITDA loss narrowed to RMB35.4 million ($5.1M) from RMB49.4 million
Financial Impact
Revenue declined by $3.2 million YoY while system sales grew by $1.9 million; cash reserves decreased by $27.7 million over the year
Risk Factors
- Continuing decline in company-owned store contribution margin
- Significant year-over-year decrease in cash reserves
- Declining same-store sales for company-owned stores (-1.4% YoY)
- Heavy reliance on non-GAAP metrics that may obscure underlying profitability challenges
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-043762 |
| Document: ea0286441-6k_thinter.htm | 0001213900-26-043762 |
| Document: 0001213900-26-043762-index-headers.html | 0001213900-26-043762 |
| Document: 0001213900-26-043762-index.html | 0001213900-26-043762 |
| Document: 0001213900-26-043762.txt | 0001213900-26-043762 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 6-K | $1.00 | awaiting T+60 | — | $1.12 (+12.00%) |
Sep 10, 2026 6w ago | 6-K | $1.36 | awaiting T+60 | — | $1.12 (+17.65%) |
Aug 18, 2026 9w ago | 6-K | $1.38 | awaiting T+60 | — | $1.12 (+18.84%) |
Aug 18, 2026 9w ago | Press Release | $1.38 | awaiting T+60 | — | $1.12 (+18.84%) |
Aug 11, 2026 10w ago | Press Release | $1.60 | awaiting T+60 | — | $1.12 (−30.00%) |
Jul 7, 2026 15w ago | 6-K | $1.80 $1.32 | ▲ +26.46% | ▲ +28.96% | $1.12 (+37.60%) |
Jun 10, 2026 19w ago | 6-K | $1.75 $1.38 | ▲ +21.14% | ▲ +27.72% | $1.12 (+36.00%) |
Jun 9, 2026 19w ago | 6-K | $1.75 $1.38 | ▼ −21.14% | ▼ −27.72% | $1.12 (−36.00%) |
Jun 9, 2026 19w ago | Press Release | $1.80 $1.39 | ▲ +22.78% | ▲ +26.59% | $1.12 (+37.78%) |
Jun 1, 2026 21w ago | Press Release | $2.01 $1.25 | ▼ −38.06% | ▼ −39.29% | $1.12 (−44.28%) |
US Market Status
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