THCH TH International Ltd
Price Chart
Executive Summary
Tims China reported mixed Q4 2025 results with a 7.3% YoY decline in total revenue to RMB308.5 million ($44.1M) and a 4.0% increase in system sales to RMB359.4 million ($51.4M). The company achieved 17 net new store openings and grew its loyalty base by 29% to 31.0 million members, but store contribution margin fell to 3.7% from 4.8% and cash reserves declined significantly.
Actionable Insight
The stock may face downward pressure due to declining revenue and margins despite store growth, but could find support from improving operational efficiencies and strong loyalty program growth. Monitor the company's ability to stabilize margins and reverse the cash burn trend.
Key Facts
- Total revenue decreased 7.3% YoY to RMB308.5 million ($44.1 million) in Q4 2025
- System sales increased 4.0% YoY to RMB359.4 million ($51.4 million)
- Company-owned store contribution margin declined to 3.7% from 4.8% YoY
- 17 net new store openings in Q4, bringing total system-wide stores to 1,047
- Loyalty club members grew 29% YoY to 31.0 million
- Cash and equivalents declined to RMB129.7 million ($18.5M) from RMB184.2M YoY
- Adjusted corporate EBITDA loss narrowed to RMB35.4 million ($5.1M) from RMB49.4 million
Financial Impact
Revenue declined by $3.2 million YoY while system sales grew by $1.9 million; cash reserves decreased by $27.7 million over the year
Risk Factors
- Continuing decline in company-owned store contribution margin
- Significant year-over-year decrease in cash reserves
- Declining same-store sales for company-owned stores (-1.4% YoY)
- Heavy reliance on non-GAAP metrics that may obscure underlying profitability challenges
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-043762 |
| Document: ea0286441-6k_thinter.htm | 0001213900-26-043762 |
| Document: 0001213900-26-043762-index-headers.html | 0001213900-26-043762 |
| Document: 0001213900-26-043762-index.html | 0001213900-26-043762 |
| Document: 0001213900-26-043762.txt | 0001213900-26-043762 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 10, 2026
3d ago
|
6-K
| $1.80 awaiting T+5 | awaiting T+5 | — | $1.73 (+3.89%) |
|
Jun 9, 2026
3d ago
|
6-K
| $1.80 awaiting T+5 | awaiting T+5 | — | $1.73 (−3.89%) |
|
Jun 9, 2026
4d ago
|
Press Release
| $1.85 awaiting T+5 | awaiting T+5 | — | $1.73 (+6.49%) |
|
Jun 1, 2026
12d ago
|
Press Release
| $2.01 $1.83 | ▼ −8.96% | ▼ −6.21% | $1.73 (−13.93%) |
|
Apr 15, 2026
8w ago
|
6-K
| $2.20 $2.08 | ▼ −5.68% | ▼ −7.32% | $1.73 (−21.36%) |
|
Apr 14, 2026
8w ago
|
Press Release
| $2.07 $2.04 | ▲ +1.45% | ▲ +2.84% | $1.73 (+16.43%) |
|
Apr 10, 2026
9w ago
|
3
| $2.03 $2.10 | ▲ +3.45% | ▼ −1.06% | $1.73 (−14.78%) |
|
Apr 1, 2026
10w ago
|
EFFECT
| $2.05 $2.13 | ▲ +4.00% | ▲ +0.23% | $1.73 (−15.61%) |
|
Mar 31, 2026
10w ago
|
Press Release
| $2.06 $2.18 | ▲ +5.83% | ▲ +1.88% | $1.73 (−16.02%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access