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Quhuo Ltd (QH) stock

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NASDAQ: QH Nasdaq Application Software

C Fundamentals grade

Quhuo Ltd is a US-listed company in the application software industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: share count (2m) is 1.8e-05x the market-data count (88,029m).

Price vs value

Under review: share count (2m) is 1.8e-05x the market-data count (88,029m). We'll show the comparison once resolved.

Quhuo Ltd valuation: adjust assumptions and compare models →

Value diary

Our note on each quarter Quhuo files

Where Quhuo stands after its latest Filing

Revenue for the twelve months was $351m, down 17.0% on a year earlier, a smaller fall than the 19.1% decline a quarter earlier. That puts it 174 of 183 for growth among the application software companies we cover. Free-cash-flow margin held at -1.6%. Operating margin narrowed to -7.0% from -3.5%. The diluted share count is up 235.2% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 3 of our 7 financial-health checks.

Our model value for Quhuo is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Quhuo Ltd's trailing-twelve-month revenue fell 17.0% year on year, with a free-cash-flow margin of -1.6%. Where it stands out: stock pay as % of revenue of 0.1% ranks 3 of 177 application software companies we cover. Where it lags: gross margin of 0.5% ranks 157 of 160 application software companies we cover.

Current signal Share count rising (dilution): Diluted shares outstanding rose 235.2% year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Quhuo Ltd's latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 17.0% over the last 12 months.
  • Loss-making. Operating margin is -7.0%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 6.7 points on a year ago.
  • Burning cash. Free cash flow was -1.6% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 235.2% in a year.
  • Below peers: gross margin. Gross margin of 0.5% ranks 157 of 160 application software companies we cover (median 69.8%).

Price chart

  • 1 day+1.0%
  • 1 week-2.6%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$351M
Operating margin
-7.0%
Net margin
-5.9%
EPS (TTM, diluted)
$-13.42

Growth

Revenue growth
−17.0%
Change in growth rate
+2.1 pts
Share count change
+235.2%

Cash

Free cash flow (TTM)
-$5.5M
FCF margin
-1.6%
Stock pay % of revenue
0.1%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for QH from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Quhuo Ltd valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: share count (2m) is 1.8e-05x the market-data count (88,029m): held for review.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Quhuo Ltd: too few analysts cover it.

Positioning

Short interest
0.2%
of tradable shares
Days to cover
0.55
at average volume
Short interest, 1 month
−27%
to October 15, 2026
Held by institutions
2%
of shares
Held by insiders
5.8%
of shares
Employees
474
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Quhuo Ltd in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Quhuo Ltd
$200M $400M $600M $800M FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Revenue (TTM), FY18 Q4: $223.4M Revenue (TTM), FY19 Q4: $297.7M Revenue (TTM), FY20 Q4: $374.1M Revenue (TTM), FY21 Q4: $624M Revenue (TTM), FY22 Q4: $568.9M Revenue (TTM), FY23 Q4: $523.2M Revenue (TTM), FY24 Q4: $423.5M Revenue (TTM), FY25 Q4: $351.5M $351.5M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY18 Q4 $223.4M
FY19 Q4 $297.7M
FY20 Q4 $374.1M
FY21 Q4 $624M
FY22 Q4 $568.9M
FY23 Q4 $523.2M
FY24 Q4 $423.5M
FY25 Q4 $351.5M
Revenue growth, TTM YoY Quhuo Ltd
-50% 0% 50% 100% FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue growth, TTM YoY, FY19 Q4: 33.2% Revenue growth, TTM YoY, FY20 Q4: 25.6% Revenue growth, TTM YoY, FY21 Q4: 66.8% Revenue growth, TTM YoY, FY22 Q4: -8.8% Revenue growth, TTM YoY, FY23 Q4: -8.0% Revenue growth, TTM YoY, FY24 Q4: -19.1% Revenue growth, TTM YoY, FY25 Q4: -17.0% -17.0%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY19 Q4 33.2%
FY20 Q4 25.6%
FY21 Q4 66.8%
FY22 Q4 -8.8%
FY23 Q4 -8.0%
FY24 Q4 -19.1%
FY25 Q4 -17.0%
Operating margin (TTM) Quhuo Ltd
-8% -6% -4% -2% 0% 2% FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Operating margin (TTM), FY18 Q4: -3.5% Operating margin (TTM), FY19 Q4: -0.6% Operating margin (TTM), FY20 Q4: -0.8% Operating margin (TTM), FY21 Q4: -3.5% Operating margin (TTM), FY22 Q4: 0.9% Operating margin (TTM), FY23 Q4: -0.2% Operating margin (TTM), FY24 Q4: -0.3% Operating margin (TTM), FY25 Q4: -7.0% -7.0%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY18 Q4 -3.5%
FY19 Q4 -0.6%
FY20 Q4 -0.8%
FY21 Q4 -3.5%
FY22 Q4 0.9%
FY23 Q4 -0.2%
FY24 Q4 -0.3%
FY25 Q4 -7.0%
FCF margin (TTM) Quhuo Ltd
-4% -2% 0% 2% FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 FCF margin (TTM), FY18 Q4: 1.1% FCF margin (TTM), FY19 Q4: -0.0% FCF margin (TTM), FY20 Q4: 0.3% FCF margin (TTM), FY21 Q4: -1.0% FCF margin (TTM), FY22 Q4: 1.8% FCF margin (TTM), FY23 Q4: -2.6% FCF margin (TTM), FY24 Q4: -0.5% FCF margin (TTM), FY25 Q4: -1.6% -1.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY18 Q4 1.1%
FY19 Q4 -0.0%
FY20 Q4 0.3%
FY21 Q4 -1.0%
FY22 Q4 1.8%
FY23 Q4 -2.6%
FY24 Q4 -0.5%
FY25 Q4 -1.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

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

Fiscal year 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 223 298 374 624 569 523 423 351
Gross profit 18 24 28 27 38 24 10 2
EBITDA −8 −1 −2 −21 6 −0 −1 −25
Operating income −8 −2 −3 −22 5 −1 −1 −25
Net income −6 −2 0 −24 −2 0 0 −21
Diluted EPS −$388.70 −$102.97 $9.13 −$502.29 −$30.82 $7.63 — −$13.78
Growth (year on year)
Revenue — +33.2% +25.6% +66.8% −8.8% −8.0% −19.1% −17.0%
Margins
Gross margin 7.9% 7.9% 7.5% 4.4% 6.6% 4.5% 2.4% 0.5%
EBITDA margin −3.4% −0.4% −0.6% −3.3% 1.1% −0.1% −0.2% −7.0%
Operating margin −3.5% −0.6% −0.8% −3.5% 0.9% −0.2% −0.3% −7.0%
Net margin −2.9% −0.6% 0.1% −3.9% −0.3% 0.1% 0.1% −5.9%
Free-cash-flow margin 1.1% −0.0% 0.3% −1.0% 1.8% −2.6% −0.5% −1.6%
Cash flow
Cash from operations 3 3 2 −5 11 −14 −2 −5
Capital spending 1 3 0 1 1 0 0 0
Free cash flow 2 −0 1 −6 10 −14 −2 −5
Stock-based pay 14 9 12 11 3 −0 — 0
Free cash flow after stock pay −11 −9 −11 −17 7 −14 — −6
Balance sheet
Cash 3 18 15 4 14 6 9 5
Total debt 0 24 13 24 10 14 16 16
Net debt (negative = net cash) −3 5 −2 20 −4 8 7 11
Diluted shares — — — — — — — 2m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 7 checks passed · December 31, 2025
What it owns · $114m
Short-term assets $58mLonger-term assets $56m
What it owes, and who funded it · $115m
Short-term liabilities $56mLonger-term liabilities $8mShareholders' equity $51m
  • Short-term assets cover short-term liabilities $58m of assets due within a year against $56m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $58m short-term assets against $8m of longer-dated liabilities.
  • More cash than debt $5m of cash against $16m of debt.
  • Debt below 40% of shareholders' equity Debt is 32% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 1% to 32% over five years.
  • A year's operating cash flow covers at least 20% of debt −$5m of operating cash flow against $16m of debt.
  • Operating profit covers interest at least five times over Operating income of −$25m against $583,861 of interest.

From Quhuo Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+235.2%
year over year
R&D spending
0.3%
of revenue
Days sales outstanding
40 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated QH CCSI CMRC AGYS AMPL TUYA Median
Revenue, last 12 months $351m $355m $347m $344m $374m $322m $482m
Revenue growth, last 12 months −17.0% 1.5% 2.8% 14.9% 18.3% 7.8% 12.0%
Revenue growth, 3-year average — −1.1% 5.9% 16.6% 12.8% — 11.1%
Revenue growth, latest quarter — 4.1% 0.1% 17.7% 21.2% — 11.9%
Gross margin 0.5% 80.2% 77.2% 63.8% 72.4% 48.2% 69.2%
Operating margin −7.0% 41.8% 0.4% 14.3% — 3.6% 1.1%
Operating margin, 3-year average — 42.4% −7.8% 11.0% — — −0.8%
Net margin −5.9% 26.7% −1.7% 12.9% −26.6% 18.0% 2.1%
Cash from operations / revenue −1.5% 41.1% 10.1% 23.9% 8.5% 25.2% 18.2%
Free-cash-flow margin −1.6% 32.6% 5.6% 23.3% 7.9% 23.0% 15.0%
Free-cash-flow margin, 3-year average — 28.6% — 20.1% 6.8% — 16.2%
Stock pay / revenue 0.1% 5.4% 5.5% 7.0% 25.1% 6.9% 9.3%
Change in share count 235.2% −1.8% 3.8% 0.5% 3.2% 3.9% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth -17.0% 12.0% 175 of 184
Change in growth rate Growth +2.1pp +0.2pp 54 of 184
Gross margin Profitability 0.5% 69.8% 157 of 160
Operating margin Profitability -7.0% 1.1% 117 of 181
Net margin Profitability -5.9% 2.1% 113 of 185
Free-cash-flow margin Cash generation -1.6% 15.2% 132 of 180
Stock pay as % of revenue Cash generation 0.1% 9.3% 3 of 177
Long-term debt as % of assets Balance sheet 0.0% 16.9% 10 of 98
Change in share count Balance sheet 235.2% 1.7% 159 of 163
Days sales outstanding Balance sheet 40 days 57 days 49 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Data status

When each part of this page on Quhuo Ltd was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Quhuo Ltd in brief

What does Quhuo Ltd do?
Quhuo Ltd is a US-listed company in the application software industry. Its financial year ends in December.
What is Quhuo Ltd's stock ticker?
Quhuo Ltd trades under the ticker QH on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Quhuo Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Quhuo Ltd reported revenue of $351M, 17.0% lower than a year earlier, according to its SEC filings.
What is Quhuo Ltd's free cash flow?
Quhuo Ltd's free-cash-flow margin is -1.6% of revenue over the trailing twelve months, ranking 132 of the 180 application software companies we cover.
How much debt does Quhuo Ltd have?
Quhuo Ltd's debt-to-equity ratio is 32.1%, from its latest balance sheet (0.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Quhuo Ltd's competitors?
In our Application Software peer group, the companies closest to Quhuo Ltd are Consensus Cloud Solutions, Inc., Commerce.com, Inc., Agilysys Inc, Amplitude, Inc. and Tuya Inc. The side-by-side comparison below sets their revenue, margins and growth against Quhuo Ltd's.