Chagee Holdings Ltd. (CHA)
Chagee Holdings Limited, operating through its various subordinate entities, is engaged in the ownership, operation, and licensing of teahouse establishments bearing the distinctive CHAGEE brand. These operations extend across the People's Republic of China and into international territories. The company's core business involves the distribution of tea-based beverages, their accompanying raw ingredients, packaging materials, specialized teahouse equipment, and a range of other supplies. Moreover, its commercial activities are facilitated via digital platforms. The firm, which was established in 2017, maintains its principal office in Shanghai, People's Republic of China.
Sector: Retail-Eating & Drinking Places
Industry: Restaurants
Chagee Holdings Limited American Depositary Shares
NASDAQ:CHAConsumer Defensive · Beverages - Non-Alcoholic
-0.80%$12.36
AH Close$12.30-0.49%vs close
AH Close$12.30-0.49%vs close
Mkt Cap$2.36B
Float22.09M
O/S190.76M
Inst Own7.6%
SI8.7%
Div Yield7.04%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.94B
Net Income$175.58M
Total Assets$1.72B
Free Cash Flow$178.67M
Debt & Equity
Debt 15%
Equity 85%
Total Debt$191.17M
Total Equity$1.1B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CHA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.72B
Liabilities$582.96M
Accounts Receivable$22.2M
Accounts Payable$94.48M
Inventory$34.21M
PP&E (Net)$278.96M
Goodwill$14.7M
Intangible Assets$1.81M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Revenue | $1.94B | $1.86B | $695.65M | $73.71M |
| YoY Growth | 4.0% | 167.4% | 843.8% | - |
| Cost of Revenue | $1.05B | $1.01B | $400.08M | $53.76M |
| Gross Profit | $887.01M | $851.77M | $295.57M | $19.95M |
| Gross Margin | 45.8% | 45.8% | 42.5% | 27.1% |
| Research and Development | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $571.63M | $333.17M | $93.65M | $25.96M |
| Other | $113.41M | $85.85M | $40.89M | $11.36M |
| Total Operating Expenses | $685.03M | $419.01M | $134.54M | $37.32M |
| Operating Income (EBIT) | $201.98M | $432.76M | $161.03M | -$17.37M |
| Operating Margin | 10.4% | 23.3% | 23.1% | -23.6% |
| Interest Expense | $0 | $0 | $0 | $0 |
| Interest Income | $22.11M | $5.59M | $2.55M | $287K |
| Other Income (Expense) | $40.61M | $23.31M | -$10.16M | $519K |
| Income Before Tax (EBT) | $242.58M | $456.07M | $150.87M | -$16.85M |
| Income Tax Expense | $64.73M | $79.08M | $30.55M | -$3.25M |
| Net Income | $175.58M | $377.21M | $120.07M | -$13.6M |
| Net Income Margin | 9.1% | 20.3% | 17.3% | -18.5% |
| Supplementary Data | ||||
| EPS | 6.27 | 13.71 | 4.36 | -0.79 |
| Diluted EPS | 6.01 | 13.71 | 4.36 | -0.79 |
| Weighted Average OS | 162.47M | 183.55M | 183.55M | 183.55M |
| EBITDA | $264.53M | $465.2M | $152.42M | -$16.11M |
| EBITDA Margin | 13.7% | 25.0% | 21.9% | -21.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $1.15B | $712.84M | $348.22M | $30.1M |
| Short-Term Investments | $53.87M | $14.99M | $14.99M | $0 |
| Cash and Short-Term Investments | $1.2B | $727.83M | $363.21M | $30.1M |
| Accounts Receivable | $22.2M | $29.46M | $18.91M | $3.91M |
| Inventory | $34.21M | $19.8M | $6.22M | $4.98M |
| Other Current Assets | $72.3M | $17.2M | $1.27M | $216K |
| Total Current Assets | $1.33B | $815.51M | $397.02M | $41.33M |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $278.96M | $120.56M | $22.54M | $11.64M |
| Goodwill | $14.7M | $1.77M | $0 | $0 |
| Intangible Assets | $1.81M | $1.27M | $0 | $0 |
| Long-Term Investments | $316K | $360K | $300K | $142K |
| Deferred Tax Assets | $60.43M | $37.96M | $18.94M | $4.58M |
| Other Long-Term Assets | $35.72M | $11.45M | $2.44M | $1.37M |
| Total Long-Term Assets | $391.93M | $173.37M | $44.22M | $17.73M |
| Other Assets | $1 | $0 | $0 | $0 |
| Total Assets | $1.72B | $988.89M | $441.24M | $59.06M |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $94.48M | $89.52M | $67.21M | $9.64M |
| Short-Term Debt | $63.66M | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $32.59M | $42.11M | $7.42M |
| Current Unearned Revenue | $44.06M | $39.78M | $30.86M | $3.94M |
| Other Current Liabilities | $199.13M | $38.88M | $16.55M | $6.94M |
| Total Current Liabilities | $427.55M | $344.5M | $218.12M | $44.62M |
| Long-Term Liabilities | ||||
| Long-Term Debt | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $27.9M | $38.58M | $20.4M | $3.03M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $139.99M | $132.8M | $52.83M |
| Total Long-Term Liabilities | $155.41M | $231.43M | $161.63M | $60.52M |
| Other Liabilities | $1 | $0 | $0 | $0 |
| Total Liabilities | $582.96M | $575.94M | $379.75M | $105.14M |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $139.99M | $130.7M | $52.83M |
| Common Stock | $21 | $11K | $11K | $12K |
| Retained Earnings | $583.01M | $412.58M | $50.22M | -$60.89M |
| Comprehensive Income & Other | -$9.88M | $3.15M | -$1.33M | $0 |
| Other Stockholders' Equity | $518.4M | -$14.72M | $11.06M | $14.79M |
| Total Equity | $1.1B | $397.87M | $61.29M | -$46.09M |
| Minority Interest | $35.3M | $15.08M | $200K | $11K |
| Total Liabilities and Equity | $1.68B | $973.81M | $441.04M | $59.05M |
| Supplementary Data | ||||
| Total Debt | $191.17M | $82.16M | $16.32M | $9.51M |
| Net Debt | -$953.99M | -$630.67M | -$331.9M | -$20.58M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Operating Activities | ||||
| Net Income | $177.86M | $376.99M | $120.32M | -$13.6M |
| Depreciation & Amortization | $21.94M | $9.13M | $1.55M | $736K |
| Deferred Income Tax | -$22.43M | -$19.02M | -$14.36M | -$3.25M |
| Stock-Based Compensation | $108.47M | $90K | $1.58M | $591K |
| Changes in Working Capital: | ||||
| Accounts Receivable | -$5.44M | -$4.92M | -$11.31M | -$774K |
| Inventory | -$17.84M | -$10.41M | -$1.38M | -$948K |
| Accounts Payable | $7.08M | $19.16M | $57.57M | $4.78M |
| Other Working Capital | -$27.69M | $53.45M | $119.47M | $18.5M |
| Total Working Capital Change | -$43.89M | $57.28M | $164.35M | $21.55M |
| Other Non-Cash Items | $4.53M | $958K | $16.44M | $428K |
| Net Cash from Operating | $246.48M | $425.42M | $289.89M | $6.45M |
| Investing Activities | ||||
| Capital Expenditures | -$62.53M | -$33.81M | -$4.78M | -$1.61M |
| Acquisitions | -$18.5M | -$1.62M | -$300K | $0 |
| Purchases of Investments | -$682.13M | -$44.98M | -$50.44M | $0 |
| Sales of Investments | $644.76M | $44.98M | $35.84M | $68K |
| Other Investing Activities | -$5.28M | $1.03M | -$2.31M | -$105K |
| Net Cash from Investing | -$123.69M | -$34.4M | -$21.99M | -$1.65M |
| Financing Activities | ||||
| Debt Repaid | - | - | - | - |
| Common Stock Issuance | $477.01M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$31.5M | $0 | $0 |
| Dividends Paid | -$184.86M | $0 | $0 | $0 |
| Other Financing Activities | $14.69M | $5.74M | $1.92M | -$5K |
| Net Cash from Financing | $306.83M | -$26.08M | $51.6M | -$5K |
| Forex Effect | -$149K | $1.76M | -$1.37M | $3.62M |
| Net Change in Cash | $429.48M | $366.7M | $318.12M | $4.8M |
| Supplementary Data | ||||
| Operating Cash Flow | $246.48M | $425.42M | $289.89M | $6.45M |
| Capital Expenditure | -$67.81M | -$36.17M | -$4.78M | -$1.61M |
| Free Cash Flow | $178.67M | $389.25M | $285.11M | $4.84M |
| Cash at Beginning | $714.92M | $348.22M | $30.1M | $25.3M |
| Cash at End | $1.14B | $714.92M | $348.22M | $30.1M |