CHA PRESS-RELEASE SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

CHA ▲ +15.90% at T+20d

SHORT call ✗ call lost -15.90% · α vs SPY -6.47% · entry $9.31 → $10.79

Next anchor: T+60d in 16d

Currently $10.90 · -17.08% from $9.31 entry (call sign-flipped)

Entry anchored
Mar 30, 03:59 PM ET
via Databento tick

T+1d

-1.61%

call +1.61% · α +2.36%

$9.16

settled 2mo ago

T+5d

+8.16%

call -8.16% · α -4.22%

$10.07

settled 2mo ago

T+20d

+15.90%

call -15.90% · α -6.47%

$10.79

settled 6w ago

T+60d

—

call — · α —

—

in 16d

Price Chart

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Executive Summary

Chagee reported a sharp decline in Q4 2025 revenue and profitability despite 15.7% store growth, with net revenues down 10.8% YoY and GAAP net income collapsing from RMB644.1M to RMB33.9M. Overseas GMV surged 84.6% YoY, but domestic performance deteriorated with same-store GMV down 25.5%, leading to a bearish earnings print.

Key Financial Metrics

Revenue

$425.3M

-10.8% YoY

Adj. EPS

$0.07

GAAP: $0.02

Actionable Insight

Despite aggressive store expansion, Chagee is experiencing severe domestic demand weakness and margin compression. The stock is likely to face downward pressure as the core market deteriorates, even as overseas growth offers a partial offset. Monitor same-store sales trends and G&A cost discipline in coming quarters.

Key Facts

Q4 2025 net revenues: RMB2.97B (US$425.3M), down 10.8% YoY from RMB3.33B
GAAP net income: RMB33.9M vs. RMB644.1M in Q4 2024, a 94.7% decline
Non-GAAP net income: RMB100.0M vs. RMB644.1M in Q4 2024
Operating loss of RMB35.5M in Q4 2025 vs. RMB642.5M operating income in Q4 2024
Same-store GMV in Greater China down 25.5% YoY
Overseas GMV up 84.6% YoY to RMB371.9M
Total teahouses grew 15.7% to 7,453 as of Dec 31, 2025

Financial Impact

Revenue down $359.9M YoY, net income down $610.2M YoY, operating margin collapsed from 19.3% to 1.1%

revenueepsoperating_incomenet_incomemargins

Risk Factors

Continued same-store sales decline in core Greater China market
High G&A expenses (up 89% YoY) and organizational restructuring costs
Franchised teahouse revenue decline (down 21.3% YoY) despite store count growth

Market Snapshot

Exchange

Nasdaq

Sector

Retail-Eating & Drinking Places

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3265298

6 reports for CHA

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for CHA — sortable, filterable
	Type				Now
May 29, 2026 11d ago	6-K BEARISH ★ 6/10	$12.76 $11.83	▲ +7.29%	▲ +7.00%	$10.90 (+14.58%)
May 29, 2026 12d ago	Press Release BEARISH ★ 6/10	$12.76 $11.83	▲ +7.29%	▲ +7.00%	$10.90 (+14.58%)
May 22, 2026 18d ago	Press Release NEUTRAL ★ 2/10	$9.54 $13.19	▲ +38.26%	▲ +36.58%	$10.90 (+14.26%)
Apr 29, 2026 5w ago	Press Release NEUTRAL ★ 2/10	$10.68 $10.96	▲ +2.62%	▼ −0.49%	$10.90 (+2.06%)
Mar 31, 2026 10w ago	6-K MIXED ★ 6/10	$9.31 $10.07	▲ +8.16%	▲ +4.22%	$10.90 (+17.08%)
Mar 31, 2026 10w ago	Press Release BEARISH ★ 7/10	$9.31 $10.07	▼ −8.16%	▼ −4.22%	$10.90 (−17.08%)

US Market Status

Market Closed — Opens Thu (10h 59m)

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