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NASDAQ · SERVICES-BUSINESS SERVICES, NEC · MID CAP

Quhuo Ltd. QH

8 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 2.5B
▼ 17.1% YoY
CNY -149.5M
▼ 5625.5% YoY
CNY -39.4M
In brief

What this company does

Quhuo Limited provides tech-enabled, end-to-end operational solutions primarily to consumer service businesses, including on-demand delivery solutions, mobility service solutions, housekeeping and accommodation solutions, and other services. As of December 31, 2025, it had approximately 969,000 registered workers on its platform. It currently provides the following industry-tailored operational solutions: on-demand delivery solutions, mobility service solutions, and housekeeping and accommodation solutions. The on-demand delivery solutions were launched in February 2013 with a focus on prepared food and have since expanded to other items such as grocery and fresh food. The housekeeping solutions were launched in January 2019. As of December 31, 2025, its geographic footprint reached 277 cities across 31 provinces, municipalities and autonomous regions in China, of which it provided solutions for multiple industries in 63 cities. As of December 31, 2025, its industry customers included Meituan and Taobao Shangou in the on-demand delivery industry, and chain restaurants such as KFC, along with Didi and Qingju Bike in the mobility-as-a-service sector.

Written from the business description in QUHUO Ltd's annual report to the U.S. Securities and Exchange Commission, filed 2 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 2.5B
Revenue, FY2025 · full 8-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 2.5 · Net income -0.1
2B4B20182019202020212022202320242025
Compound annual growth
−12.9%
−0.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −0.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−6 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -7.0% · Net -6.0%
0.5%-2.0%-4.0%-6.0%20182019202020212022202320242025
ROE
FY2025 · ROE -36.5%
-10%-20%-30%20182019202020212022202320242025

Each CNY of equity lost 36 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF -39.4
25.0M50.0M-40.0M-80.0M20182019202020212022202320242025

Total assetsCNY 798.4M
EquityCNY 354.8M
CashCNY 38.4M
Gross debtCNY 113.7M
Net debtCNY 75.4M
Current ratio1.03×

Net debt stands at 21% of equity.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018
Revenue CNY B2.53.03.73.84.02.62.11.5
Operating income CNY B−0.2−0.0−0.00.0−0.1−0.0−0.0−0.1
EBITDA CNY B−0.2−0.0−0.00.0−0.1−0.0−0.0−0.1
Income tax CNY B−0.0−0.0−0.00.00.00.00.00.0
Net income CNY B−0.10.00.0−0.0−0.20.0−0.0−0.0
Free cash flow CNY B−0.0−0.0−0.10.1−0.00.0−0.00.0
EPS, diluted CNY −0.110.010.06−0.23−3.600.07−0.79−2.85
Dividend / sh CNY ········
Payout %········
ROE %−36.50.60.7−2.7−30.7···
Shares out B······0.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 37 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 57 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Business Services, NEC
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2018

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