undamentalytics Newsletter
Sign in

TH International Ltd revenue

TH International Ltd's revenue was $183m in fiscal 2025, down 5.3% on the year before. Since fiscal 2020 ($30.7m) it has grown at a compound 42.9% a year.

Revenue history

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

Fiscal year2020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025
Revenue31100151220193183
Growth on the year before—+224.5%+51.0%+46.4%−12.3%−5.3%
Gross profit—97143199172159
Gross margin—97.4%95.2%90.4%89.0%87.0%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Restaurants: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
TH International Ltd $183m -5.3% —
Nathans Famous, Inc. $169m 12.4% 8.3%
GEN Restaurant Group, Inc. $210m -2.9% 6.5%
ARK Restaurants Corp $156m -9.5% -6.0%
Good Times Restaurants Inc. $135m -5.8% -0.9%
RCI Hospitality Holdings, Inc. $284m 1.0% -0.6%

Compare with peers

Head to head: NATH vs THCHGENK vs THCHARKR vs THCHGTIM vs THCH

More: Restaurants stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from TH International Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to TH International Ltd.