TH International LtdTHCHEarnings & Financial Report
Nasdaq
THCH Q3 2025 Key Financial Metrics
Revenue
$50.3M
Gross Profit
N/A
Operating Profit
$-9.2M
Net Profit
$-10.4M
Gross Margin
N/A
Operating Margin
-18.3%
Net Margin
-20.6%
YoY Growth
N/A
Financial Flow
TH International Ltd Q3 2025 Financial Summary
TH International Ltd reported revenue of $50.3M for Q3 2025, with a net profit of $-10.4M (-20.6% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $50.3M |
|---|---|
| Net Profit | $-10.4M |
| Gross Margin | N/A |
| Operating Margin | -18.3% |
| Report Period | Q3 2025 |
TH International Ltd Annual Revenue by Year
TH International Ltd annual revenue history includes year-by-year totals (for example, 2024 revenue was $195.4M).
| Year | Annual Revenue |
|---|---|
| 2024 | $195.4M |
| 2023 | $220.7M |
Income Statement
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $59.8M | $55.1M | $48.0M | $50.5M | $51.3M | $45.6M | $48.7M | $50.3M |
| YoY Growth | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Balance Sheet
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | N/A | $312.0M | N/A | $250.6M | $239.1M | $214.2M | $193.5M | $181.3M |
| Liabilities | N/A | $371.5M | N/A | $334.4M | $336.4M | $328.3M | $327.8M | $326.2M |
| Equity | N/A | $-59.5M | N/A | $-83.8M | $-97.4M | $-114.1M | N/A | N/A |
Cash Flow
| Q3 2023 | Q4 2023 | Q1 2024 | |
|---|---|---|---|
| Operating CF | $-4.2M | $-11.3M | $-3.7M |