Quhuo Ltd Financials
Quhuo Ltd (QH) reported $361.2M in revenue for fiscal year 2025, down 13.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Quhuo's economics are driven by an extremely thin gross spread, so shrinking volume quickly turns overhead into losses.
The brief stretch of reported profit was not an operating recovery: each of those years still had negative operating cash flow, so accounting earnings and cash generation were moving in opposite directions, and one year's tax benefit exceeded its net income. By the latest year, gross margin compression to0.5% left only$1.8M of gross profit, too little to absorb the restored overhead base.
This looks like a low-spread service model: gross margin fell from
The balance sheet is lightly levered, so the strain comes from liquidity rather than debt service; long-term debt is only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Quhuo Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Quhuo Ltd has an operating margin of -7.0%, meaning the company loses $7 on every $100 of revenue. This results in a profitability score of 30/100. This is down from -0.3% the prior year.
Quhuo Ltd's revenue declined 13.5% year-over-year, from $417.4M to $361.2M. This contraction results in a growth score of 6/100.
Quhuo Ltd carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
Quhuo Ltd's current ratio of 1.03 is below the typical benchmark, resulting in a score of 20/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Quhuo Ltd's operations used $5.4M of cash, and capex of $208K added to the outflow, for a free cash flow shortfall of $5.6M. This results in a cash flow score of 26/100.
Quhuo Ltd posts a -42.1% return on equity (ROE), meaning it loses $42 for every $100 of shareholders' equity. This results in a returns score of 17/100. This is down from 0.6% the prior year.
Quhuo Ltd scores -0.12, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($11.6M) relative to total liabilities ($64.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Quhuo Ltd passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Quhuo Ltd reported a net loss of $21.4M while operations used $5.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Quhuo Ltd reported an operating loss of $25.5M against $600K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Quhuo Ltd generated $361.2M in revenue in fiscal year 2025. This represents a decrease of 13.5% from the prior year.
Quhuo Ltd's EBITDA was -$25.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3037.9% from the prior year.
Quhuo Ltd reported -$21.4M in net income in fiscal year 2025. This represents a decrease of 5860.6% from the prior year.
Cash & Balance Sheet
Quhuo Ltd recorded an outflow of $5.6M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 162.5% from the prior year.
Quhuo Ltd held $5.5M in cash against $42K in long-term debt as of fiscal year 2025, with $56.4M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Quhuo Ltd's gross margin was 0.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.9 percentage points from the prior year.
Quhuo Ltd's operating margin was -7.0% in fiscal year 2025, reflecting core business profitability. This is down 6.7 percentage points from the prior year.
Quhuo Ltd's net profit margin was -5.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.0 percentage points from the prior year.
Quhuo Ltd's ROE was -42.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 42.7 percentage points from the prior year.
Capital Allocation
Quhuo Ltd invested $1.0M in research and development in fiscal year 2025. This represents a decrease of 30.6% from the prior year.
Quhuo Ltd invested $208K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 63.8% from the prior year.
Not reported for fiscal year 2025.
QH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Revenue | $361.2M-13.5% | $417.4M-20.0% | $521.5M-5.9% | $553.9M-12.3% | $631.7M+59.7% | $395.5M |
| Cost of Revenue | $359.4M-11.8% | $407.3M-18.2% | $498.0M-3.7% | $517.3M-14.4% | $604.1M+65.0% | $366.0M |
| Gross Profit | $1.8M-82.5% | $10.1M-57.0% | $23.5M-35.9% | $36.6M+33.0% | $27.6M-6.6% | $29.5M |
| R&D Expenses | $1.0M-30.6% | $1.5M-15.9% | $1.7M-4.1% | $1.8M-42.4% | $3.2M+57.3% | $2.0M |
| SG&A Expenses | $26.9M+31.9% | $20.4M-21.6% | $26.0M-16.2% | $31.0M-18.0% | $37.8M+21.3% | $31.2M |
| Operating Income | -$25.5M-1689.5% | -$1.4M-29.7% | -$1.1M-121.2% | $5.2M+123.6% | -$21.9M-593.4% | -$3.2M |
| Interest Expense | $600K+6.8% | $562K-18.3% | $688K-16.5% | $824K-25.3% | $1.1M-10.8% | $1.2M |
| Income Tax | -$4.5M-80.9% | -$2.5M-1818.3% | -$131K-104.3% | $3.0M+61.4% | $1.9M-51.6% | $3.9M |
| Net Income | -$21.4M-5860.6% | $371K-20.9% | $469K+124.6% | -$1.9M+92.3% | -$24.8M-4811.0% | $526K |
| EPS (Diluted) | -$0.02 | $0.00-100.0% | $0.01+133.3% | -$0.03+94.6% | -$0.56-5700.0% | $0.01 |
QH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Total Assets | $114.2M-3.9% | $118.8M-18.3% | $145.3M-5.0% | $153.1M-14.8% | $179.7M+3.7% | $173.3M |
| Current Assets | $57.9M-10.6% | $64.8M-34.2% | $98.5M-5.5% | $104.3M-13.4% | $120.4M+6.9% | $112.6M |
| Cash & Equivalents | $5.5M-36.6% | $8.7M+36.1% | $6.4M-54.0% | $13.8M+208.4% | $4.5M-70.1% | $15.0M |
| Accounts Receivable | $38.1M-6.0% | $40.5M-39.6% | $67.0M-6.6% | $71.8M-10.4% | $80.1M+37.2% | $58.4M |
| Goodwill | $9.4M+4.4% | $9.0M-2.7% | $9.2M-2.9% | $9.5M-9.4% | $10.5M-42.4% | $18.2M |
| Total Liabilities | $64.2M+15.3% | $55.7M-24.9% | $74.2M-8.3% | $80.9M-22.1% | $103.9M+28.4% | $80.9M |
| Current Liabilities | $56.4M+22.2% | $46.2M-28.5% | $64.6M-8.7% | $70.7M-26.0% | $95.6M+33.8% | $71.5M |
| Long-Term Debt | $42K-93.5% | $645K-39.2% | $1.1M+461.4% | $189K | $0-100.0% | $787K |
| Total Equity | $50.7M-20.3% | $63.7M-10.7% | $71.3M-1.9% | $72.7M-1.7% | $73.9M-13.3% | $85.3M |
| Retained Earnings | -$217.8M-15.7% | -$188.2M+2.9% | -$193.9M+3.1% | -$200.1M+6.7% | -$214.5M-15.8% | -$185.3M |
Not reported in any period shown, so not listed: Inventory.
QH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.4M-168.7% | -$2.0M+85.3% | -$13.7M-226.5% | $10.8M+323.5% | -$4.8M-384.8% | $1.7M |
| Capital Expenditures | $208K+63.8% | $127K+535.0% | $20K-97.0% | $675K-53.9% | $1.5M+179.9% | $523K |
| Free Cash Flow | -$5.6M-162.5% | -$2.1M+84.4% | -$13.7M-235.1% | $10.2M+261.0% | -$6.3M-635.3% | $1.2M |
| Investing Cash Flow | -$2.8M-2315.7% | $127K-95.1% | $2.6M-76.9% | $11.2M+164.6% | -$17.3M+39.6% | -$28.7M |
| Financing Cash Flow | $4.7M+6.1% | $4.4M+30.2% | $3.4M+128.7% | -$11.9M-210.5% | $10.8M-54.1% | $23.5M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
QH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Gross Margin | 0.5%-1.9pp | 2.4%-2.1pp | 4.5%-2.1pp | 6.6%+2.3pp | 4.4%-3.1pp | 7.5% |
| Operating Margin | -7.0%-6.7pp | -0.3%-0.1pp | -0.2%-1.1pp | 0.9%+4.4pp | -3.5%-2.7pp | -0.8% |
| Net Margin | -5.9%-6.0pp | 0.1%0.0pp | 0.1%+0.4pp | -0.3%+3.6pp | -3.9%-4.0pp | 0.1% |
| Return on Equity | -42.1%-42.7pp | 0.6%-0.1pp | 0.7%+3.3pp | -2.6%+30.9pp | -33.5%-34.1pp | 0.6% |
| Return on Assets | -18.7%-19.0pp | 0.3%0.0pp | 0.3%+1.6pp | -1.2%+12.6pp | -13.8%-14.1pp | 0.3% |
| Current Ratio | 1.03-0.4x | 1.40-0.1x | 1.52+0.1x | 1.47+0.2x | 1.26-0.3x | 1.58 |
| Debt-to-Equity | 0.000.0x | 0.010.0x | 0.010.0x | 0.000.0x | 0.000.0x | 0.01 |
| FCF Margin | -1.6%-1.0pp | -0.5%+2.1pp | -2.6%-4.5pp | 1.8%+2.8pp | -1.0%-1.3pp | 0.3% |
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Where Quhuo Ltd Ranks
Frequently Asked Questions
What is Quhuo Ltd's annual revenue?
Quhuo Ltd (QH) reported $361.2M in total revenue for fiscal year 2025. This represents a -13.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Quhuo Ltd's revenue growing?
Quhuo Ltd (QH) revenue declined by 13.5% year-over-year, from $417.4M to $361.2M in fiscal year 2025.
Is Quhuo Ltd profitable?
No, Quhuo Ltd (QH) reported a net income of -$21.4M in fiscal year 2025, with a net profit margin of -5.9%.
What is Quhuo Ltd's EBITDA?
Quhuo Ltd (QH) had EBITDA of -$25.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Quhuo Ltd have?
As of fiscal year 2025, Quhuo Ltd (QH) had $5.5M in cash and equivalents against $42K in long-term debt.
What is Quhuo Ltd's gross margin?
Quhuo Ltd (QH) had a gross margin of 0.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Quhuo Ltd's operating margin?
Quhuo Ltd (QH) had an operating margin of -7.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Quhuo Ltd's net profit margin?
Quhuo Ltd (QH) had a net profit margin of -5.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Quhuo Ltd's return on equity (ROE)?
Quhuo Ltd (QH) has a return on equity of -42.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Quhuo Ltd's free cash flow?
Quhuo Ltd (QH) recorded an outflow of $5.6M in free cash flow during fiscal year 2025. This represents a -162.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Quhuo Ltd's operating cash flow?
Quhuo Ltd (QH) recorded an outflow of $5.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Quhuo Ltd's total assets?
Quhuo Ltd (QH) had $114.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Quhuo Ltd's capital expenditures?
Quhuo Ltd (QH) invested $208K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Quhuo Ltd spend on research and development?
Quhuo Ltd (QH) invested $1.0M in research and development during fiscal year 2025.
What is Quhuo Ltd's current ratio?
Quhuo Ltd (QH) had a current ratio of 1.03 as of fiscal year 2025, which is considered adequate.
What is Quhuo Ltd's debt-to-equity ratio?
Quhuo Ltd (QH) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Quhuo Ltd's return on assets (ROA)?
Quhuo Ltd (QH) had a return on assets of -18.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Quhuo Ltd's cash runway?
Based on fiscal year 2025 data, Quhuo Ltd (QH) had $5.5M in cash against an annual operating cash burn of $5.4M. This gives an estimated cash runway of approximately 12 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Quhuo Ltd's Altman Z-Score?
Quhuo Ltd (QH) has an Altman Z-Score of -0.12, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Quhuo Ltd's Piotroski F-Score?
Quhuo Ltd (QH) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Quhuo Ltd's earnings high quality?
Quhuo Ltd (QH) reported a net loss of $21.4M while operations used $5.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Quhuo Ltd cover its interest payments?
Quhuo Ltd (QH) reported an operating loss of $25.5M against $600K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Quhuo Ltd?
Quhuo Ltd (QH) scores 32 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.