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QH

Quhuo Limited

QH

Quhuo Limited • NASDAQ
$0.98 ▲ 2.61% (+0.02)
Market Cap $88.58 M
52w High $169.11
52w Low $0.73
Dividend Yield 0%
P/E 0.01
Volume 99.34K
Outstanding Shares 90.83M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $565.697M $37.084M $-26.55M -4.693% $-26.6 $-33.66M
Q1-2025 $565.697M ▼ $37.084M ▲ $-26.55M ▼ -4.693% ▼ $-26.6 ▼ $-33.66M ▼
Q4-2024 $713.466M $7.656M $27.62M 3.871% $33.2 $-12.452M
Q3-2024 $713.466M ▼ $7.656M ▼ $27.62M ▲ 3.871% ▲ $33.2 ▲ $-12.452M ▲
Q2-2024 $809.969M $34.392M $-26.267M -3.243% $-0.63 $-19.5M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $30.882M $848.343M $440.837M $411.501M
Q1-2025 $30.882M ▼ $848.343M ▼ $440.837M ▲ $411.501M ▼
Q4-2024 $63.202M $867.026M $406.41M $464.722M
Q3-2024 $63.202M ▼ $867.026M ▼ $406.41M ▼ $464.722M ▼
Q2-2024 $103.944M $981.274M $506.42M $469.745M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-26.55M $-20.666M $3.429M $1.315M $0 $-20.698M
Q1-2025 $-26.55M ▼ $-20.666M ▼ $3.429M ▲ $1.315M ▼ $0 $-20.698M ▼
Q4-2024 $27.62M $13.375M $-5.084M $3.891M $0 ▲ $13.089M
Q3-2024 $27.62M ▲ $13.375M ▲ $-5.084M ▼ $3.891M ▼ $-40.844M ▼ $13.089M ▲
Q2-2024 $-26.267M $-20.744M $5.551M $12.318M $-2.806M $-20.921M

Revenue by Products

Product Q3-2021
HouseKeeping And Other Solutions
HouseKeeping And Other Solutions
 $60.00M ▲
MobilityServiceSolutionsMember
MobilityServiceSolutionsMember
 $80.00M ▲
On Demand Delivery Solution Services
On Demand Delivery Solution Services
 $2.80Bn ▲
Product and Service Other
Product and Service Other
 $10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue grew after listing but has been drifting down for several years, which suggests growth is no longer the central story and that parts of the business may be maturing or facing pressure. Profitability is very thin: gross margins are low and operating results hover around break‑even, swinging between small profits and small losses. The deep loss a few years ago has not repeated, which shows better cost control, but the company has not yet shown durable, healthy margins. Per‑share figures are heavily distorted by reverse stock splits, so the underlying earnings power of the business itself looks modest and volatile rather than strongly profitable.

Balance Sheet

Balance Sheet The balance sheet is relatively light and has slowly shrunk, pointing to a lean, asset‑light model but also limited buffers. Cash on hand is not large, which constrains flexibility if business conditions weaken. Debt is present but not excessive, so leverage is a consideration but not an immediate red flag. Shareholders’ equity has edged down over time as past losses accumulated, which means the financial cushion exists but is thinner than at the time of listing.

Cash Flow

Cash Flow Cash generation is inconsistent. The company had one clearly good year of cash inflow from operations, but most other recent years show cash being consumed rather than generated. Free cash flow has often been negative, even though spending on physical assets is not heavy, which points to the core operations rather than investment being the main source of cash strain. This pattern means the business still needs to prove it can reliably turn its operating model into steady, self‑funded cash flow.

Competitive Edge

Competitive Edge Quhuo operates in a large, growing gig‑economy ecosystem, and has carved out a B2B niche as an outsourced workforce and operations partner rather than a consumer‑facing app. Its main strengths are its technology platform, its large network of workers, and relationships with major platforms and enterprises, which together create some scale and network effects. Diversification across delivery, mobility, housekeeping, and other services reduces dependence on any single segment and allows cross‑selling. At the same time, it operates in a very competitive, price‑sensitive environment dominated by powerful platforms and subject to regulatory scrutiny, which helps explain the thin margins and leaves its bargaining power somewhat constrained.

Innovation and R&D

Innovation and R&D The Quhuo+ platform is a clear focus, using data and AI to match workers, manage performance, and optimize logistics, which is central to any edge it has over smaller rivals. The company is pushing into SaaS‑style offerings for sectors like healthcare and elderly care, aiming for more software‑like, higher‑margin revenue streams. It is also experimenting with blockchain for cross‑border payments and exploring overseas expansion, especially in Southeast Asia. These initiatives show a strong innovation mind‑set, but the key question is execution: whether these projects can scale without overstretching resources and whether they will materially improve profitability and cash flow over time.

Summary

Quhuo sits at the intersection of technology and the gig economy, with a differentiated B2B workforce‑solutions focus and a sophisticated platform that could support scale. Financially, it has moved away from earlier large losses but remains around break‑even with thin margins, uneven revenues, and patchy cash generation. The balance sheet is lean, with limited cash and moderate debt, leaving some but not abundant room to absorb shocks or fund aggressive expansion. The strategic opportunity—more software‑like services, deeper partnerships, and international growth—is appealing, but the company still needs to demonstrate that these strengths can translate into sustained growth, stronger margins, and consistent, positive free cash flow in a competitive and regulated market.

NEWS

November 13, 2025 · 6:40 AM UTC

Quhuo Expands Use of Blockchain Technology to Enhance Cross-Border Business Operations

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October 6, 2025 · 8:00 AM UTC

Quhuo's Hotel and Home Services Sector Collaborates with Trust Plan to Explore Industry-Finance Synergies and Enhance Long-Term Rental Property Value

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September 30, 2025 · 8:00 AM UTC

Quhuo's Hotel and Home Services Sector Partners with Beike to Improve Residential Service Quality

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September 26, 2025 · 8:42 AM UTC

Quhuo Limited Reports Unaudited Financial Results for the Six Months Ended June 30, 2025

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September 8, 2025 · 4:10 PM UTC

Quhuo Limited to Hold Extraordinary General Meeting on October 8, 2025

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