Chagee Holdings Limited (CHA) financial statements

Consumer Cyclical · Restaurants · Market cap $2.1B

Chagee Holdings Limited reported revenue of 12.9B CNY in fiscal 2025, up 66.8% a year over 2 years.

Net income was 1.2B CNY and the operating margin 10.4%, against 23.1% in 2023.

Free cash flow was 1.2B CNY, and the company returned 1.2B CNY in dividends.

The diluted share count rose 8% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (CNY).

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<p style="font-size:13px">Source: <a href="https://investingly.io/stocks/CHA/financials">Chagee Holdings Limited financials</a> on Investingly</p>

Income statement

Fiscal years, in CNY, from Chagee Holdings Limited's 10-K filings with the SEC.

Fiscal year	2023	2024	2025
Revenue	4.6B CNY	12.4B CNY	12.9B CNY
Research and development	12M CNY	194M CNY	268M CNY
Selling, general and admin	625M CNY	2.2B CNY	3.8B CNY
Operating income	1.1B CNY	2.9B CNY	1.3B CNY
Pre-tax income	1.0B CNY	3.0B CNY	1.6B CNY
Income tax	204M CNY	528M CNY	432M CNY
Net income	801M CNY	2.5B CNY	1.2B CNY
EPS (diluted)	4.98 CNY	14.26 CNY	6.18 CNY
Diluted shares	153M	101M	165M
Operating margin	23.1%	23.3%	10.4%
Net margin	17.3%	20.3%	9.1%

Balance sheet

Fiscal years, in CNY, from Chagee Holdings Limited's 10-K filings with the SEC.

Fiscal year	2023	2024	2025
Cash and short-term investments	2.3B CNY	4.8B CNY	7.7B CNY
Receivables	—	122M CNY	146M CNY
Inventory	—	132M CNY	228M CNY
Total current assets	—	5.4B CNY	8.9B CNY
Property, plant and equipment	—	249M CNY	584M CNY
Goodwill	—	12M CNY	98M CNY
Total assets	—	6.6B CNY	11.5B CNY
Total current liabilities	—	2.3B CNY	2.8B CNY
Total liabilities	—	2.9B CNY	3.9B CNY
Shareholders' equity	410M CNY	2.7B CNY	7.3B CNY
Net debt	-2.3B CNY	-4.8B CNY	-7.6B CNY

Cash flow

Fiscal years, in CNY, from Chagee Holdings Limited's 10-K filings with the SEC.

Fiscal year	2023	2024	2025
Operating cash flow	1.9B CNY	2.8B CNY	1.6B CNY
Capital spending	32M CNY	226M CNY	417M CNY
Free cash flow	1.9B CNY	2.6B CNY	1.2B CNY
Stock-based compensation	11M CNY	603,000 CNY	724M CNY
Dividends paid	—	—	1.2B CNY
Share buybacks (net)	—	-210M CNY	—
Free cash flow margin	41.0%	21.1%	9.5%
Dividends per share	—	—	7.49 CNY

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Questions

What was Chagee Holdings Limited's revenue in 2025?

12.9B CNY in fiscal 2025, from its 10-K filing.

How much free cash flow does Chagee Holdings Limited generate?

1.2B CNY in fiscal 2025 (operating cash flow minus capital spending).

From Chagee Holdings Limited's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.