Quhuo (ADR)
Managed gig-workforce services for delivery, mobility, housekeeping and accommodation.
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Profile
Provides managed gig-workforce services for delivery, mobility, housekeeping and accommodation clients, earning mainly service fees tied to completed delivery orders. Its China-centered operating business is controlled through VIE contracts by a Cayman holding company.
Operates a managed gig-workforce platform that recruits, trains, deploys and monitors workers for on-demand delivery, mobility, housekeeping and accommodation services. Customer platforms set delivery areas; station teams and the Quhuo+ system turn service-level requirements into staffing, workload monitoring and performance instructions. On-demand delivery is the core business, earning a fee for each completed order.
Extends the workforce model into ride-hailing vehicle leasing and support, shared-bike maintenance, hotel and short-term-rental cleaning, and accommodation services. Operations are concentrated in mainland China, while a Hong Kong unit exports new and used new-energy vehicles through overseas dealer networks.
Uses contractual control of Beijing Quhuo rather than direct ownership of its main operating entity; the listed company is a Cayman holding company. Service capacity depends on platform workers treated as independent contractors and on customers that may use other suppliers or their own delivery networks.
Company facts
Key statistics
Year to date −99.6% · Average volume (30d) 34.1K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Apr 2, 2026Q4 FY25 | −$1.30 | −$0.98 | +24.4% | $103.2M | $99.7M | −3.4% | −99.93% |
| Aug 30, 2025Q2 FY25 | $16.54 | −$3.71 | −122.4% | $71.4M | $78.9M | +10.5% | +4.41% |
| Apr 29, 2025Q1 FY25 | $0.18 | −$3.65 | −2,093.0% | $71.2M | $77.7M | +9.1% | −2.27% |
| Feb 18, 2025Q4 FY24 | $0.18 | $4.55 | +2,376.9% | $71.3M | $97.7M | +37.0% | +1.47% |
Financial highlights
| 12 quarters | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $106.2M | $106.2M | $84.2M | $84.2M | $103.7M | $103.7M | |
| Gross profit | $3.6M | $3.6M | $302.2K | $302.2K | $618.3K | $618.3K | |
| Operating income | $2.5M | $2.5M | −$5.2M | −$5.2M | −$8.0M | −$8.0M | |
| Net income | $4.1M | $4.1M | −$4.0M | −$4.0M | −$7.2M | −$7.2M | |
| Diluted EPS | $4.94 | $4.94 | −$3.96 | −$3.96 | −$105.72 | −$105.72 | |
| Gross margin | 3.4% | 3.4% | 0.4% | 0.4% | 0.6% | 0.6% | |
| Operating margin | 2.4% | 2.4% | -6.2% | -6.2% | -7.7% | -7.7% |
Fiscal years (4-quarter sums)FY21 $666.5M · FY22 $568.4M · FY23 $550.9M · FY24 $453.3M · FY25 $375.8M
Revenue by product · FY25
Balance sheet, Dec 31, 2025Cash & short-term investments $5.7M · Total debt $17.1M · Total assets $118.8M · Shareholders' equity $52.8M
Dividends
No dividends on record.
Ownership
Shares outstanding — · Float —
Shares outstanding and float — provider count disagrees with the price.
The provider's share count does not square with the market price, so neither it nor anything divided by it is shown.
The institutional figure is the one the filers report, not a quotient recomputed on the share count.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| HRT Financial LP | 199.6K | 13F | May 14, 2026 | |
| XTX Topco Ltd | 158.8K | 13F | May 15, 2026 | |
| UBS Group AG | 68.7K | 13F | May 5, 2026 | |
| Tower Research Capital LLC (TRC) | 25.0K | 13F | May 15, 2026 | |
| Perigon Wealth Management, LLC | 11.3K | 13F | Apr 10, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Alibaba Group (ADR)
Owned local-delivery network reduces outsourced rider demand.
- Kanzhun (ADR)
Online blue-collar recruitment substitutes for workforce sourcing.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Quhuo (ADR) | $4.41 | +0.68% | $14.4M | — | — | 0.0 | +28.3% |
| Alibaba Group (ADR) | $118.57 | −0.26% | $284.99B | 27.1 | 18.1 | 1.8 | +14.8% |
| Kanzhun (ADR) | $17.80 | +0.11% | $8.15B | 12.3 | 15.9 | 6.3 | +20.4% |
| Median | 19.7 | 17.0 | 4.0 | +17.6% |





