Quarterly ResultJun 9, 2026, 06:31 AM
TH International Q1 Revenue Down 14.6% to $37.2M; Net Loss Widens to $15.8M
AI Summary
TH International Limited announced its first quarter 2026 financial results, reporting a 14.6% decrease in total revenues to RMB256.7 million (USD37.2 million) and a net loss of RMB109.3 million (USD15.8 million). The company experienced a 14.2% decrease in system sales and a net closure of 21 stores during the quarter. Despite the financial downturn, registered loyalty club members grew by 42.9% year-over-year to 35.9 million. The company also announced a definitive agreement for the issuance of up to US$55.0 million in senior secured convertible notes to fund expansion and fortify its balance sheet.
Key Highlights
- TH International Ltd reported Q1 2026 total revenues of RMB256.7 million (USD37.2 million), a 14.6% decrease year-over-year.
- Net loss for Q1 2026 was RMB109.3 million (USD15.8 million), compared to RMB58.9 million in Q1 2025.
- Registered loyalty club members grew 42.9% year-over-year to 35.9 million as of March 31, 2026.
- Company owned and operated stores decreased to 541 from 569 year-over-year.
- System sales decreased by 14.2% to RMB322.9 million in Q1 2026 compared to Q1 2025.
- Company owned and operated store contribution decreased to RMB3.7 million from RMB17.2 million year-over-year.
- The company entered an agreement for the issuance of up to US$55.0 million in senior secured convertible notes.
Price Impact
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