Revenue and net income fell compared to the same quarter last year, despite strong growth in company-owned teahouses. Overseas markets contributed to expansion, but overall GMV in Greater China declined.

Chagee delivered strong revenue growth in Q2 2025, driven by teahouse network expansion, but net income fell sharply due to share-based compensation tied to the IPO.

Chagee delivered solid financial results for the first quarter of 2025, with a 35% increase in revenue and over 13% growth in net income. The company benefited from rapid expansion of franchised and company-owned teahouses across Greater China and overseas.