THCH
Income statement / Annual
Last year (2025), TH International Ltd.'s total revenue was $1.28 B,
a decrease of 7.97% from the previous year.
In 2025, TH International Ltd.'s net income was -$422.65 M.
See TH International Ltd.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$1.28 B |
$1.39 B |
$1.56 B |
$1.01 B |
$643.37 M |
$212.08 M |
$57.26 M |
| Cost of Revenue |
$1.20 B
|
$1.18 B
|
$1.40 B
|
$978.01 M
|
$629.57 M
|
$205.47 M
|
$74.40 M
|
| Gross Profit |
$77.62 M
|
$213.56 M
|
$156.34 M
|
$33.05 M
|
$13.81 M
|
$6.62 M
|
-$17.15 M
|
| Gross Profit Ratio |
0.06
|
0.15
|
0.1
|
0.03
|
0.02
|
0.03
|
-0.3
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$0.00
|
$210.32 M
|
$325.26 M
|
$289.54 M
|
$174.96 M
|
$79.37 M
|
$51.07 M
|
| Selling & Marketing Expenses |
$0.00
|
$64.85 M
|
$96.68 M
|
$81.02 M
|
$50.32 M
|
$16.99 M
|
$8.02 M
|
| Selling, General & Administrative Expenses |
$321.53 M
|
$275.17 M
|
$421.94 M
|
$370.56 M
|
$225.28 M
|
$96.35 M
|
$59.09 M
|
| Other Expenses |
$3.19 M
|
$227.04 M
|
$274.50 M
|
$227.62 M
|
$160.44 M
|
$51.44 M
|
$15.02 M
|
| Operating Expenses |
$324.72 M
|
$502.21 M
|
$696.43 M
|
$598.18 M
|
$385.72 M
|
$147.79 M
|
$74.11 M
|
| Cost And Expenses |
$1.53 B
|
$1.68 B
|
$2.10 B
|
$1.58 B
|
$1.02 B
|
$353.26 M
|
$148.51 M
|
| Interest Income |
$3.43 M
|
$3.20 M
|
$14.25 M
|
$2.70 M
|
$315.55 K
|
$511.39 K
|
$2.27 M
|
| Interest Expense |
$16.22 M
|
$22.45 M
|
$20.43 M
|
$14.80 M
|
$1.90 M
|
$0.00
|
$0.00
|
| Depreciation & Amortization |
$104.99 M
|
$169.68 M
|
$163.15 M
|
$133.40 M
|
$74.28 M
|
$27.84 M
|
$8.70 M
|
| EBITDA |
-$142.11 M |
-$266.19 M |
-$656.06 M |
-$596.54 M |
-$306.75 M |
-$115.22 M |
-$79.13 M |
| EBITDA Ratio |
-0.11
|
-0.19
|
-0.42
|
-0.59
|
-0.48
|
-0.54
|
-1.38
|
| Operating Income Ratio |
-0.19
|
-0.21
|
-0.35
|
-0.56
|
-0.58
|
-0.67
|
-1.59
|
| Total Other Income/Expenses Net |
-$176.37 M
|
-$169.67 M
|
-$299.54 M
|
-$179.62 M
|
-$11.01 M
|
-$1.89 M
|
$3.43 M
|
| Income Before Tax |
-$423.47 M
|
-$458.31 M
|
-$839.63 M
|
-$744.75 M
|
-$382.93 M
|
-$143.06 M
|
-$87.83 M
|
| Income Before Tax Ratio |
-0.33
|
-0.33
|
-0.54
|
-0.74
|
-0.6
|
-0.67
|
-1.53
|
| Income Tax Expense |
$470.81 K
|
$2.12 M
|
$97.24 K
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Net Income |
-$422.65 M
|
-$412.08 M
|
-$876.25 M
|
-$742.65 M
|
-$381.72 M
|
-$142.00 M
|
-$87.65 M
|
| Net Income Ratio |
-0.33
|
-0.3
|
-0.56
|
-0.73
|
-0.59
|
-0.67
|
-1.53
|
| EPS |
-13.01 |
-12.7 |
-28.4 |
-28.99 |
-14.18 |
-6.68 |
-3.25 |
| EPS Diluted |
-13.01 |
-12.7 |
-28.4 |
-28.99 |
-14.18 |
-6.68 |
-3.25 |
| Weighted Average Shares Out |
$32.52 M
|
$32.45 M
|
$30.84 M
|
$25.62 M
|
$26.93 M
|
$21.24 M
|
$26.93 M
|
| Weighted Average Shares Out Diluted |
$32.52 M
|
$32.45 M
|
$30.84 M
|
$25.62 M
|
$26.93 M
|
$21.24 M
|
$26.93 M
|
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