CHA Q1 2025 Earnings Report — Chagee Holdings Limited American Depositary Shares Revenue & Financial Results | Market Cap Arena

Chagee Holdings Limited American Depositary SharesCHA

Q1 2025 Earnings

Reported March 31, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2025	Q4 2024	Q1 2024	QoQ Change	YoY Change
Revenue	$496M	—	$366M	—	35.4%
Op. Income	$120M	—	$103M	—	16.3%
Gross Margin	48.5%	—	45.2%	—	3.3pp
Net Margin	20.0%	—	23.7%	—	-3.7pp
EPS (Diluted)	$0.52	—	$0.45	—	14.6%
Free Cash Flow	$53M	—	$72M	—	-26.6%

Revenue Flow

Item	Amount
REVENUE	$496M
Cost of Revenue	$255M
GROSS PROFIT	$240M
R&D Expenses	$0
Selling & Marketing	$44M
General & Administrative	$52M
SG&A Expenses	$95M
Other Expenses	$25M
Operating Expenses	$120M
Cost & Expenses	$376M
OPERATING INCOME	$120M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$122M
Income Tax Expense	$23M
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$95M
D&A	$0
EBIT	$120M
EBITDA	$120M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$496M
Cost of Revenue	$255M
GROSS PROFIT	$240M
R&D Expenses	$0
Selling & Marketing	$44M
General & Administrative	$52M
SG&A Expenses	$95M
Other Expenses	$25M
Operating Expenses	$120M
Cost & Expenses	$376M
OPERATING INCOME	$120M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$122M
Income Tax Expense	$23M
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$95M
D&A	$0
EBIT	$120M
EBITDA	$120M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$99M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$47M
Change in Working Capital	$0
OPERATING CASH FLOW	$53M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$28M
NET CASH FROM INVESTING	-$28M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$30M
NET CASH FROM FINANCING	$30M
FREE CASH FLOW	$53M
Net Change in Cash	$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$747M
Short-Term Investments	$38M
Net Receivables	$19M
Inventory	$17M
Other Current Assets	$53M
TOTAL CURRENT ASSETS	$874M
PP&E (Net)	$130M
Goodwill	$2M
Intangible Assets	$1M
Long-Term Investments	$369.8K
Tax Assets	$37M
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$186M
TOTAL ASSETS	$1.1B
Account Payables	$74M
Short-Term Debt	$22M
Deferred Revenue	$33M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$312M
Long-Term Debt	$0
Deferred Revenue NC	$39M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$102M
TOTAL LIABILITIES	$415M
Common Stock	$11.1K
Additional Paid-In Capital	$13M
Retained Earnings	$502M
Treasury Stock	-$31M
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$623M
Minority Interest	$22M
TOTAL EQUITY	$645M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$115M
Net Debt	-$632M