Chagee Holdings Ltd. balance sheet

At the end of fiscal 2025, Chagee Holdings Ltd. had total assets of $1.64bn, total liabilities of $556m and shareholders' equity of $1.05bn. It held $1.09bn in cash against $0 of debt: net cash of $1.09bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Chagee Holdings Ltd.: balance sheet, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	327	651	1,088
Receivables	—	17	21
Inventory	—	18	33
Total current assets	—	745	1,266
Goodwill	—	2	14
Total assets	—	904	1,639
Accounts payable	—	82	90
Deferred revenue (current)	—	36	42
Total current liabilities	—	315	408
Total debt	0	0	0
Total liabilities	—	398	556
Shareholders' equity	58	364	1,050
Non-controlling interests and other (assets − liabilities − equity)	—	142	34
Net debt (negative = net cash)	−327	−651	−1,088
Shares outstanding	—	99m	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Chagee Holdings Ltd.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Chagee Holdings Ltd.