CHA
CHA
Chagee Holdings Limited American Depositary SharesIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $2.93B ▼ | $1.22B ▲ | $28.14M ▼ | 0.96% ▼ | $0.15 ▼ | $-35.06M ▼ |
| Q3-2025 | $3.21B ▼ | $1B ▼ | $394.21M ▲ | 12.29% ▲ | $2.07 ▲ | $469.62M ▲ |
| Q2-2025 | $3.33B ▼ | $1.5B ▲ | $69.54M ▼ | 2.09% ▼ | $0.34 ▼ | $107.61M ▼ |
| Q1-2025 | $3.39B ▲ | $824.61M ▼ | $678.86M ▲ | 20.01% ▲ | $3.54 ▼ | $820.78M ▲ |
| Q4-2024 | $3.33B | $914.35M | $659.02M | 19.76% | $3.59 | $642.48M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $8B ▼ | $11.47B ▼ | $3.89B ▲ | $7.35B ▼ |
| Q3-2025 | $9.12B ▲ | $11.9B ▲ | $3.24B ▲ | $8.46B ▲ |
| Q2-2025 | $8.86B ▲ | $11.07B ▲ | $2.87B ▲ | $7.98B ▲ |
| Q1-2025 | $5.37B ▲ | $7.25B ▲ | $2.84B ▼ | $4.26B ▲ |
| Q4-2024 | $4.85B | $6.6B | $3.84B | $2.65B |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $394.21M ▲ | $456.46M ▼ | $-195.49M ▼ | $9.72M ▼ | $255.19M ▼ | $456.46M ▼ |
| Q2-2025 | $69.54M ▼ | $611.13M ▲ | $-116.83M ▲ | $3.04B ▲ | $3.49B ▲ | $611.13M ▲ |
| Q1-2025 | $678.86M ▲ | $360.03M ▼ | $-192.48M ▼ | $202.17M ▲ | $364.7M ▼ | $360.03M ▼ |
| Q4-2024 | $0 | $572.65M ▼ | $-42.67M ▲ | $-617K ▲ | $542.36M ▼ | $527.55M ▼ |
| Q3-2024 | $0 | $754.5M | $-80.47M | $-98.36M | $571.66M | $653.93M |
What's strong about this company's cash flow?
The company is generating plenty of cash from its core business, with operating cash flow and free cash flow both positive. It has a huge cash balance and no need for outside funding.
What are the cash flow concerns?
Cash flow from operations and free cash flow both dropped from last quarter. No cash is being returned to shareholders, and stock-based compensation could cause some dilution.
Q4 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Chagee Holdings Limited American Depositary Shares's financial evolution and strategic trajectory over the past five years.
CHA combines strong current profitability, a very solid balance sheet, and robust cash generation with a differentiated brand and technology-enabled operating model. High gross and operating margins, low net debt, and ample liquidity provide financial resilience and room to invest in growth. The company’s managed franchise structure, health-oriented positioning, and process automation further reinforce its ability to scale while keeping quality and customer experience consistent.
Key risks center on competitive intensity, execution of rapid expansion, and the sustainability of innovation without clearly delineated R&D spending. Elevated selling and administrative costs will need to be managed carefully as the business grows, especially if revenue growth slows or new markets prove more challenging than expected. International expansion introduces additional uncertainties around regulation, local consumer tastes, and operational complexity, and heavy reliance on share repurchases over dividends may not appeal to all types of shareholders.
From the available data, CHA appears to be in a strong financial and strategic position, with the resources and capabilities to pursue its growth ambitions. The outlook will largely depend on its ability to translate brand and operational strengths into durable international success while maintaining its current level of profitability and cash generation. With only one year of detailed financials in view, it is too early to draw firm conclusions about long-term trends, but the starting point is favorable, and future results will clarify whether the current trajectory can be sustained or improved.
About Chagee Holdings Limited American Depositary Shares
https://chagee.com/enChagee Holdings Limited, through its subsidiaries, owns, operates, and franchises teahouses under the CHAGEE brand name in the People's Republic of China and internationally. The company engages in sale of tea drinks and related raw materials, packaging, teahouse equipment and other supplies. It operates through online platforms.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $2.93B ▼ | $1.22B ▲ | $28.14M ▼ | 0.96% ▼ | $0.15 ▼ | $-35.06M ▼ |
| Q3-2025 | $3.21B ▼ | $1B ▼ | $394.21M ▲ | 12.29% ▲ | $2.07 ▲ | $469.62M ▲ |
| Q2-2025 | $3.33B ▼ | $1.5B ▲ | $69.54M ▼ | 2.09% ▼ | $0.34 ▼ | $107.61M ▼ |
| Q1-2025 | $3.39B ▲ | $824.61M ▼ | $678.86M ▲ | 20.01% ▲ | $3.54 ▼ | $820.78M ▲ |
| Q4-2024 | $3.33B | $914.35M | $659.02M | 19.76% | $3.59 | $642.48M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $8B ▼ | $11.47B ▼ | $3.89B ▲ | $7.35B ▼ |
| Q3-2025 | $9.12B ▲ | $11.9B ▲ | $3.24B ▲ | $8.46B ▲ |
| Q2-2025 | $8.86B ▲ | $11.07B ▲ | $2.87B ▲ | $7.98B ▲ |
| Q1-2025 | $5.37B ▲ | $7.25B ▲ | $2.84B ▼ | $4.26B ▲ |
| Q4-2024 | $4.85B | $6.6B | $3.84B | $2.65B |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $394.21M ▲ | $456.46M ▼ | $-195.49M ▼ | $9.72M ▼ | $255.19M ▼ | $456.46M ▼ |
| Q2-2025 | $69.54M ▼ | $611.13M ▲ | $-116.83M ▲ | $3.04B ▲ | $3.49B ▲ | $611.13M ▲ |
| Q1-2025 | $678.86M ▲ | $360.03M ▼ | $-192.48M ▼ | $202.17M ▲ | $364.7M ▼ | $360.03M ▼ |
| Q4-2024 | $0 | $572.65M ▼ | $-42.67M ▲ | $-617K ▲ | $542.36M ▼ | $527.55M ▼ |
| Q3-2024 | $0 | $754.5M | $-80.47M | $-98.36M | $571.66M | $653.93M |
What's strong about this company's cash flow?
The company is generating plenty of cash from its core business, with operating cash flow and free cash flow both positive. It has a huge cash balance and no need for outside funding.
What are the cash flow concerns?
Cash flow from operations and free cash flow both dropped from last quarter. No cash is being returned to shareholders, and stock-based compensation could cause some dilution.
Q4 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Chagee Holdings Limited American Depositary Shares's financial evolution and strategic trajectory over the past five years.
CHA combines strong current profitability, a very solid balance sheet, and robust cash generation with a differentiated brand and technology-enabled operating model. High gross and operating margins, low net debt, and ample liquidity provide financial resilience and room to invest in growth. The company’s managed franchise structure, health-oriented positioning, and process automation further reinforce its ability to scale while keeping quality and customer experience consistent.
Key risks center on competitive intensity, execution of rapid expansion, and the sustainability of innovation without clearly delineated R&D spending. Elevated selling and administrative costs will need to be managed carefully as the business grows, especially if revenue growth slows or new markets prove more challenging than expected. International expansion introduces additional uncertainties around regulation, local consumer tastes, and operational complexity, and heavy reliance on share repurchases over dividends may not appeal to all types of shareholders.
From the available data, CHA appears to be in a strong financial and strategic position, with the resources and capabilities to pursue its growth ambitions. The outlook will largely depend on its ability to translate brand and operational strengths into durable international success while maintaining its current level of profitability and cash generation. With only one year of detailed financials in view, it is too early to draw firm conclusions about long-term trends, but the starting point is favorable, and future results will clarify whether the current trajectory can be sustained or improved.

CEO
Junjie Zhang
Compensation Summary
(Year )
Upcoming Earnings
ETFs Holding This Stock
Summary
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Ratings Snapshot
Rating : B+
Most Recent Analyst Grades
Grade Summary
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Price Target
Institutional Ownership
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Summary
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