NASDAQ$CHA
Chagee Holdings Limited · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
Chagee Q3 2025: RMB3.21B revenue, RMB398M net income, 7,338 teahouses
Chagee Holdings reported Q3 2025 net revenues of RMB3.21 billion (US$450.7 million), down 9.4% year over year, as franchised teahouse revenue declined on lower cup volumes amid intensified food-delivery subsidy competition in Greater China. Net income was RMB397.9 million (US$55.9 million) with a 12.4% margin versus RMB646.6 million and 18.3% a year ago; non-GAAP net income was RMB502.8 million after RMB104.9 million in share-based compensation. The network grew to 7,338 teahouses (+25.9% YoY) with 222.0 million registered members (+36.7%), though Greater China same-store GMV fell 27.8%. The board declared a special cash dividend of US$0.92 per ADS, totaling approximately US$177 million.
- Net revenue RMB3.21B (-9.4% YoY); net income RMB397.9M (12.4% margin)
- Non-GAAP net income RMB502.8M; basic EPS RMB2.07 (US$0.29)
- 7,338 teahouses (+25.9% YoY); 222.0M registered members (+36.7%)
- Q3 GMV RMB7.93B; Greater China same-store GMV down 27.8%
- Special dividend US$0.92 per ADS (~US$177M total) payable around December 15
Headline financials
Revenue & EPS history
Chagee Holdings Limited · Revenue · Quarterly
¥3.21B
Revenue by segment
Chagee Holdings Limited · ¥3.21B total across 2 segments · Q3 2025
- Franchised teahouses¥2.81B—87.6%
- Company-owned teahouses¥397M—12.4%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 3 quarterly earnings reports · overlaid with Q3 2025
+0.9%
Avg return
Earnings day
+5.2%
Avg return
5 days after
-9.7%
Avg return
30 days after
40%
2 / 5 earnings
Positive
+24.3%
Q1 2026
Best reaction
-13.1%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +24.3% | +16.0% | — | |
| Q4 2025 | -3.1% | +5.0% | +15.5% | |
| Q3 2025 | +6.1% | +8.1% | -15.8% | |
| Q2 2025 | -13.1% | -16.4% | -23.3% | |
| Q1 2025 | -9.6% | +13.2% | -15.2% |
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