TH International annual operating expenses
2020
2021
2022
2023
2024
2025
TH International Operating Expenses Growth & History (THCH)
TH International's operating expenses was ¥1.63B for fiscal 2025.
View full TH International company overviewTH International annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | ¥1.63B | −¥106.7M | −6.13% |
| 2024 | 2024-12-31 | ¥1.74B | −¥487.7M | −21.89% |
| 2023 | 2023-12-31 | ¥2.23B | ¥635.7M | +39.92% |
| 2022 | 2022-12-31 | ¥1.59B | ¥574.4M | +56.43% |
| 2021 | 2021-12-31 | ¥1.02B | ¥664.6M | +188.13% |
| 2020 | 2020-12-31 | ¥353.3M | — | — |
TH International quarterly operating expenses
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | ¥92.0M | −¥6.2M | −6.33% |
| Q1 2026 | 2026-03-31 | ¥97.7M | −¥17.8M | −15.40% |
| Q4 2025 | 2025-12-31 | ¥128.4M | — | — |
| Q3 2025 | 2025-09-30 | ¥117.8M | — | — |
| Q2 2025 | 2025-06-30 | ¥98.2M | — | — |
| Q1 2025 | 2025-03-31 | ¥115.4M | — | — |
TH International operating expenses trends
Over the last five fiscal years, TH International's operating expenses increased from ¥353.3M to ¥1.63B, a change of ¥1.28B. The latest reported quarter, Q2 2026, shows ¥92.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review TH International source filings ↗