Financials in USD. Standardized financial statements.
A compact view of how TH International Limited turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Revenue? | $1.28B | $1.39B | $1.56B | $1.01B | $643.37M | $212.08M | $57.26M |
| Revenue Growth? | -8.0% | -10.8% | +54.3% | +57.2% | +203.4% | +270.4% | 0.0% |
| Cost of Revenue? | $1.20B | $1.18B | $1.40B | $978.01M | $629.57M | $205.47M | $74.40M |
| Gross Profit? | $77.62M | $213.56M | $156.34M | $33.05M | $13.81M | $6.62M | -$17.15M |
| Gross Margin? | +6.1% | +15.4% | +10.0% | +3.3% | +2.1% | +3.1% | -29.9% |
| Operating Expenses? | $324.72M | $502.21M | $696.43M | $598.18M | $385.72M | $147.79M | $74.11M |
| Operating Income? | -$247.10M | -$288.65M | -$540.09M | -$565.13M | -$371.92M | -$141.17M | -$91.26M |
| EBITDA? | -$142.11M | -$266.19M | -$656.06M | -$596.54M | -$306.75M | -$115.22M | -$79.13M |
| Income Before Tax | -$423.47M | -$458.31M | -$839.63M | -$744.75M | -$382.93M | -$143.06M | -$87.83M |
| Income Tax Expense | $470,811 | $2.12M | $97,241 | $0 | $0 | $0 | $0 |
| Net Income? | -$422.65M | -$412.08M | -$876.25M | -$742.65M | -$381.72M | -$142.00M | -$87.65M |
| EPS? | $-13.01 | $-12.70 | $-28.40 | $-28.99 | $-14.18 | $-6.68 | $-3.25 |
| Diluted EPS? | $-13.01 | $-12.70 | $-28.40 | $-28.99 | $-14.18 | $-6.68 | $-3.25 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality