NASDAQ · THCH
TH International Limited financials
$1.30+3.17%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 |
|---|---|---|---|---|
| Revenue | $188.1M | $190.6M | $220.4M | $146.6M |
| Gross profit | $11.4M | $6.4M | -$6.2M | -$22.9M |
| Gross margin | 6.1% | 3.4% | −2.8% | −15.6% |
| Operating income | -$44.9M | -$48.4M | -$93.7M | -$84.0M |
| Net income | -$62.1M | -$56.5M | -$123.8M | -$107.7M |
| Net margin | −33.0% | −29.6% | −56.2% | −73.5% |
| Diluted EPS | $-1.91 | $-1.74 | $-4.01 | $-4.20 |
| EBITDA | -$15.3M | -$17.5M | -$54.9M | -$62.3M |
| Operating cash flow | -$1.8M | -$5.4M | -$27.7M | -$41.6M |
| Free cash flow | -$11.2M | -$19.5M | -$68.9M | -$90.2M |
| Diluted shares | 32.5M | 32.4M | 30.8M | 25.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|
| Cash & equivalents | $17.4M | $20.9M | $28.6M | $34.7M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $54.0M |
| Total debt | $221.2M | $180.8M | $136.2M | $111.7M |
| Total assets | $168.2M | $214.2M | $313.0M | $383.0M |
| Total liabilities | $344.9M | $328.3M | $372.7M | $367.0M |
| Shareholders' equity | -$176.7M | -$114.1M | -$59.7M | $16.0M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology