THCH TH International Limited - Ordinary shares
NASDAQ · Hotels, Restaurants & Leisure · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Apr 30, 2026
$1.16
· of 52w range
· above low
· to high
$1.0952w low
$3.2552w high
Market Cap
$37M
P/E
-0.1
EPS
$-13.36
Revenue
$1.32B
your badges
52W Range
$1–$3
Analyst Rating
·
Price Target
·
P/E
-0.1
ROE
41.7%
Net Profit Margin
-33.0%
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THCH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$1.16
Market Cap
$37M
P/E
-0.1
EPS
$-13.36
Revenue
$1.32B
ROE
41.7%
Debt/Equity
-0.3
52W Range
$1–$3
THCH Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Jan. 13, 2025 | 1-for-5 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$1.32B2020-12-31 → 2025-12-31
EPS$-13.362020-12-31 → 2025-12-31
Free Cash Flow$-78M2022-12-31 → 2025-12-31
Net margin-33.0%2022-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | THCH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -0.15Y avg ≈-0.3 | ≈-0.3 | · | · | |
| P/S | 0.05Y avg ≈0.7 | ≈0.7 | · | · | |
| P/B | -0.05Y avg ≈3.6 | ≈3.6 | · | · | |
| EV / EBITDA | -1.55Y avg ≈-2.6 | ≈-2.6 | · | · | |
| Price / FCF | -0.55Y avg ≈-2.0 | ≈-2.0 | · | · | |
| Price / Cash Flow | -2.95Y avg ≈-5.8 | ≈-5.8 | · | · | |
| EV / Revenue | 0.25Y avg ≈0.8 | ≈0.8 | · | · | |
| EV / FCF | -4.05Y avg ≈-3.3 | ≈-3.3 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | THCH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin | -24.1%5Y avg ≈-37.8% | ≈-37.8% | · | · | |
| EBITDA Margin | -15.9%5Y avg ≈-27.5% | ≈-27.5% | · | · | |
| Pretax Margin | -33.1%5Y avg ≈-48.8% | ≈-48.8% | · | · | |
| Net Profit Margin | -33.0%5Y avg ≈-47.9% | ≈-47.9% | · | · | |
| ROA | -31.7%5Y avg ≈-31.9% | ≈-31.9% | · | · | |
| ROE | 41.7%5Y avg ≈80.7% | ≈80.7% | · | · | |
| ROIC | 37.5%5Y avg ≈-137.6% | ≈-137.6% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | THCH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | -0.35Y avg ≈0.4 | ≈0.4 | · | · | |
| Current Ratio | 0.35Y avg ≈0.4 | ≈0.4 | · | · | |
| Quick Ratio | 0.15Y avg ≈0.2 | ≈0.2 | · | · | |
| Interest Coverage | -19.05Y avg ≈-27.0 | ≈-27.0 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | THCH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 1.05Y avg ≈0.7 | ≈0.7 | · | · | |
| Inventory Turnover | 4.65Y avg ≈3.1 | ≈3.1 | · | · | |
| Receivables Turnover | 54.65Y avg ≈82.1 | ≈82.1 | · | · | |
| Revenue / Employee | ≈$852.5K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| Dec. 31, 2025 | $-2.32 | — | — | |
| Sept. 30, 2025 | $-1.62 | — | — | |
| March 31, 2025 | $-2.08 | — | — | |
| Sept. 30, 2024 | $-0.29 | — | — | |
| June 30, 2024 | $-0.28 | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | $1.32B | $1.39B | $1.56B | $1.01B | $643M | |
| Cost of Revenue | $171M | $154M | $150M | $49M | $20M | |
| SG&A Expense | $204M | $210M | $325M | $290M | $175M | |
| Operating Expenses | $1.63B | $1.74B | $2.23B | $1.59B | $1.02B | |
| Operating Income | $-317M | $-349M | $-668M | $-581M | $-374M | |
| Interest Expense | $17M | $22M | $20M | $15M | $2M | |
| Pretax Income | $-435M | $-458M | $-840M | $-745M | $-383M | |
| Income Tax | $483.7K | $2M | $97.2K | · | · | |
| Net Income | $-434M | $-412M | $-876M | $-743M | $-382M | |
| EPS (Basic) | $-13.36 | $-12.70 | $-28.41 | $-28.99 | $-3.14 | |
| EPS (Diluted) | $-13.36 | $-12.70 | $-28.41 | $-28.99 | $-3.14 | |
| Shares (Basic) | 32,519,377 | 32,444,772 | 30,837,733 | 25,619,301 | 121,582,945 | |
| Shares (Diluted) | 32,519,377 | 32,444,772 | 30,837,733 | 25,619,301 | 121,582,945 | |
| EBITDA | $-209M | $-219M | $-535M | $-448M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $122M | $152M | $202M | $239M | $391M | |
| Short-term Investments | · | · | · | $372M | · | |
| Receivables | $18M | $31M | $28M | $6M | $10M | |
| Inventory | $37M | $38M | $50M | $71M | $42M | |
| Prepaid Expense | $142M | $159M | $157M | $108M | $143M | |
| Other Current Assets | $12M | $10M | $14M | $13M | $22M | |
| Current Assets | $327M | $417M | $459M | $797M | $586M | |
| PP&E (Net) | $332M | $502M | $666M | $720M | $554M | |
| PP&E (Gross) | $971M | $1.02B | $1.10B | $939M | $650M | |
| Accum. Depreciation | $523M | $436M | $337M | $214M | $96M | |
| Intangibles | $81M | $97M | $111M | $96M | $78M | |
| Other Non-current Assets | $88M | $54M | $64M | $82M | $67M | |
| Total Assets | $1.18B | $1.56B | $2.22B | $2.64B | $1.28B | |
| Accounts Payable | $199M | $224M | $220M | $106M | $61M | |
| Short-term Debt | $395M | $376M | $527M | $387M | $189M | |
| Current Liabilities | $1.00B | $1.54B | $1.40B | $1.32B | $567M | |
| Capital Leases | $240M | $380M | $654M | $820M | · | |
| Other Non-current Liabilities | $8M | $8M | $9M | $8M | $47M | |
| Total Liabilities | $2.41B | $2.40B | $2.64B | $2.53B | $946M | |
| Long-term Debt | · | · | $16M | $30M | $15M | |
| Total Debt | $395M | $381M | $554M | $408M | · | |
| Common Stock | $9.7K | $9.7K | $9.7K | $8.6K | $7.5K | |
| Paid-in Capital | $1.82B | $1.82B | $1.81B | $1.47B | $937M | |
| Retained Earnings | $-3.10B | $-2.67B | $-2.26B | $-1.38B | $-638M | |
| AOCI | $38M | $9M | $21M | $17M | $36M | |
| Stockholders' Equity | $-1.24B | $-841M | $-427M | $109M | $336M | |
| Liabilities + Equity | $1.18B | $1.56B | $2.22B | $2.64B | $1.28B | |
| Shares Outstanding | 32,036,529 | 32,010,529 | 31,649,630 | 140,938,555 | 124,193,929 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| D&A | $108M | $130M | $139M | $119M | $74M | |
| Stock-based Comp | $3M | $1M | $64M | $75M | · | |
| Amort. of Intangibles | $21M | $25M | $13M | $9M | $7M | |
| Other Non-cash | $311M | $242M | $450M | $248M | · | |
| Operating Cash Flow | $-13M | $-40M | $-196M | $-287M | $-245M | |
| CapEx | $66M | $103M | $292M | $335M | $335M | |
| Investing Cash Flow | $-63M | $-8M | $60M | $-705M | $-335M | |
| Stock Issued | · | $713 | · | · | $291M | |
| Net Stock Activity | · | $713 | · | · | · | |
| Financing Cash Flow | $22M | $26M | $81M | $827M | $798M | |
| Net Change in Cash | $-55M | $-19M | $-35M | $-152M | $216M | |
| Taxes Paid | $2M | $152.0K | · | · | $1M | |
| Free Cash Flow | $-78M | $-143M | $-489M | $-622M | · | |
| Levered FCF | $-95M | $-165M | $-509M | $-637M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Operating Margin | -24.1% | -25.1% | -44.5% | -57.5% | · | |
| Net Margin | -33.0% | -29.6% | -55.6% | -73.5% | · | |
| Pretax Margin | -33.1% | -32.9% | -55.4% | -73.7% | · | |
| EBITDA Margin | -15.9% | -15.8% | -34.0% | -44.3% | · | |
| ROA | -31.7% | -21.8% | -36.1% | -37.8% | · | |
| ROE | 41.7% | 65.0% | 550.5% | -334.2% | · | |
| ROIC | 37.5% | 76.3% | -551.5% | -112.5% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.3 | 0.3 | 0.3 | 0.6 | · | |
| Quick Ratio | 0.1 | 0.1 | 0.2 | 0.5 | · | |
| Debt / Equity | -0.3 | -0.5 | -1.3 | 3.7 | · | |
| LT Debt / Equity | · | -0.0 | -0.0 | · | · | |
| Interest Coverage | -19.0 | -15.6 | -34.3 | -39.3 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Asset Turnover | 1.0 | 0.7 | 0.6 | 0.5 | · | |
| Inventory Turnover | 4.6 | 3.5 | 1.2 | · | · | |
| Receivables Turnover | 54.6 | 47.9 | 95.0 | 131.0 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Book Value / Share | $-38.80 | $-26.27 | $-2.70 | $0.77 | · | |
| Revenue / Share | $40.47 | $42.88 | $10.22 | $7.89 | · | |
| Cash Flow / Share | $-0.39 | $-1.22 | $-1.27 | $-2.24 | · | |
| Cash / Share | $3.80 | $4.76 | $1.29 | $1.70 | · | |
| EPS (TTM) | $-13.36 | $-12.70 | $-28.41 | $-28.99 | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue TTM | $1.32B | $1.39B | $1.56B | $1.01B | · | |
| Net Income TTM | $-434M | $-412M | $-876M | $-743M | · | |
| Market Cap | $80M | $114M | $1.38B | $1.96B | · | |
| Enterprise Value | $353M | $343M | $1.74B | $1.76B | · | |
| P/E | -0.2 | -0.3 | -0.3 | -0.5 | · | |
| P/S | 0.1 | 0.1 | 0.9 | 1.9 | · | |
| P/B | -0.1 | -0.1 | -3.2 | 18.0 | · | |
| P / Tangible Book | · | · | · | 152.7 | · | |
| P / Cash Flow | -6.3 | -2.9 | -7.1 | -6.8 | · | |
| P / FCF | -1.0 | -0.8 | -2.8 | -3.2 | · | |
| EV / EBITDA | -1.7 | -1.6 | -3.2 | -3.9 | · | |
| EV / FCF | -4.5 | -2.4 | -3.6 | -2.8 | · | |
| EV / Revenue | 0.3 | 0.2 | 1.1 | 1.7 | · | |
| Earnings Yield | -536.5% | -357.8% | -324.7% | -208.6% | · |
No quarterly filings for THCH
We don't have SEC filings for this ticker yet.
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $1.32B | $1.39B | $1.56B | $1.01B | $643M |
| Operating Margin % | -24.1% | -25.1% | -44.5% | -57.5% | · |
| Net Income | $-434M | $-412M | $-876M | $-743M | $-382M |
| Diluted EPS | $-13.36 | $-12.70 | $-28.41 | $-28.99 | $-3.14 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | -0.3 | -0.5 | -1.3 | 3.7 | · |
| Current Ratio | 0.3 | 0.3 | 0.3 | 0.6 | · |
| Quick Ratio | 0.1 | 0.1 | 0.2 | 0.5 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-78M | $-143M | $-489M | $-622M | · |
Institutional owners (13F) 14 filers · $6.5M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
14
Value held
$6.5M
New positions
1
Exited positions
1
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 1 (0 vs prior Q) | 1 (+1 vs prior Q) | 2 (0 vs prior Q) | 2 (0 vs prior Q) | +9K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| HSG Holding Ltd | $5,540,157 | 2,900,606 | 85.82% | Shares |
| ZAZOVE ASSOCIATES LLC | $382,537 | 200,281 | 5.93% | Shares |
| SONA ASSET MANAGEMENT (US) LLC | $191,000 | 100,000 | 2.96% | Shares |
| CITADEL ADVISORS LLC | $115,605 | 60,526 | 1.79% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $62,467 | 32,705 | 0.97% | Shares |
| LMR Partners LLP | $41,499 | 21,727 | 0.64% | Shares |
| NEUBERGER BERMAN GROUP LLC | $38,080 | 19,937 | 0.59% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $35,747 | 18,716 | 0.55% | Shares |
| TWO SIGMA SECURITIES, LLC | $32,818 | 17,182 | 0.51% | Shares |
| ROYAL BANK OF CANADA | $11,000 | 6,000 | 0.17% | Shares |
| Groupe la Francaise | $2,726 | 1,427 | 0.04% | Shares |
| CREDIT INDUSTRIEL ET COMMERCIAL | $1,635 | 856 | 0.03% | Shares |
| UBS Group AG | $382 | 200 | 0.01% | Shares |
| JPMORGAN CHASE & CO | $150 | 96 | 0.00% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Pangaea Two Acquisition Holdings XXIIA Limited, Pangaea Two, LP, Pangaea Two GP, LP, Pangaea Two Admin GP, LLC, Pangaea Three Acquisition Holdings IV, Limited, Pangaea Three-B, LP, Pangaea Three GP, LP, Pangaea Three Global GP, LLC, Cartesian Capital Group, LLC, Peter Yu ×3 filings | July 2, 2024 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
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Source: SEC 20-F filed Apr 30, 2026