CHA 6-K SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

CHA ▲ +15.90% at T+20d

NEUTRAL call ✓ call won +15.90% · α vs SPY +6.47% · entry $9.31 → $10.79

Next anchor: T+60d in 13d

Currently $12.16 · +30.61% from $9.31 entry

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 13d

Price Chart

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Executive Summary

Chagee reported mixed Q4 2025 results with a 15.7% store count increase to 7,453 locations and 7.2% annual GMV growth, but Q4 revenue declined 10.8% YoY to $425.3M and the company posted an operating loss of $5.1M due to restructuring and rising G&A costs. Full-year net income fell 52.8% to $169.6M despite expanding overseas GMV by 84.6% YoY.

Actionable Insight

The stock may face downward pressure due to declining core revenue and profitability despite store expansion and overseas growth. Monitor whether rising G&A costs from international expansion and restructuring will reverse in 2026, and watch for margin recovery signals in the next quarter.

Key Facts

Total teahouses grew 15.7% YoY to 7,453 as of Dec 31, 2025
Q4 2025 net revenue was $425.3M (RMB2,974.5M), down 10.8% YoY from $476.8M
Q4 2025 operating loss was $5.1M (RMB35.5M) vs. $91.9M operating income in Q4 2024
Full-year 2025 net income was $169.6M (RMB1,186.3M), down 52.8% from $359.8M in 2024
Overseas GMV surged 84.6% YoY to $53.2M (RMB371.9M) in Q4 2025
General and administrative expenses jumped 89% YoY in Q4 to $90.9M (RMB635.6M)
Cash and equivalents rose to $1.13B (RMB7.89B) as of Dec 31, 2025 from $696.3M a year prior

Financial Impact

Revenue declined 10.8% YoY in Q4 to $425.3M with operating loss of $5.1M; full-year net income down 52.8% to $169.6M despite 7.2% GMV growth

revenueoperating_incomenet_incomeg_a_expensescash_position

Risk Factors

Continued decline in Greater China GMV and same-store sales (down 25.5% YoY)
Sustained high G&A spending could pressure margins further
Franchise revenue weakness may indicate brand or competitive issues

Market Snapshot

Exchange

Nasdaq

Sector

Retail-Eating & Drinking Places

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

Document	Accession Number
6-K Filing (Primary)	0001104659-26-037353
Document: tm2610595d1_6k.htm	0001104659-26-037353
Document: 0001104659-26-037353-index-headers.html	0001104659-26-037353
Document: 0001104659-26-037353-index.html	0001104659-26-037353
Document: 0001104659-26-037353.txt	0001104659-26-037353

6 reports for CHA

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

100% Hit rate 3 of 3 directional calls best @ T+5▲ +7.29%May 29, 2026

Filters

Reports for CHA — sortable, filterable
	Type				Now
May 29, 2026 15d ago	6-K BEARISH ★ 6/10	$12.76 $11.83	▲ +7.29%	▲ +7.00%	$12.16 (+4.70%)
May 29, 2026 15d ago	Press Release BEARISH ★ 6/10	$12.76 $11.83	▲ +7.29%	▲ +7.00%	$12.16 (+4.70%)
May 22, 2026 22d ago	Press Release NEUTRAL ★ 2/10	$9.54 $13.19	▲ +38.26%	▲ +36.58%	$12.16 (+27.46%)
Apr 29, 2026 6w ago	Press Release NEUTRAL ★ 2/10	$10.68 $10.96	▲ +2.62%	▼ −0.49%	$12.16 (+13.86%)
Mar 31, 2026 10w ago	6-K MIXED ★ 6/10	$9.31 $10.07	▲ +8.16%	▲ +4.22%	$12.16 (+30.61%)
Mar 31, 2026 10w ago	Press Release BEARISH ★ 7/10	$9.31 $10.07	▼ −8.16%	▼ −4.22%	$12.16 (−30.61%)

US Market Status

Market Closed — Opens Mon (48h 51m)

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