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QH on Nasdaq

QUHUO Ltd

QUHUO Ltd is a business services company based in Beijing, Cayman Islands.2 Its shares trade on Nasdaq under the symbol QH.2

Price unavailable

Last updated Oct 21, 2026.

Overview

$361.2MRevenue, fiscal 20253
-$21.4MNet income, fiscal 20253

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  • TickerQH on Nasdaq2
  • IndustryServices-Business Services, NEC2
  • HeadquartersBeijing, China2
  • Incorporated inCayman Islands4
  • Business address3Rd Floor, Block A, Xin'Anmen, No. 1, South Bank Huihe South Street, Chaoyang District Beijing, 1000204
  • Filer categoryAccelerated filer4
  • Legal formcompany limited by shares2
  • LEI549300B52B3TLDJCHI642
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressPO Box 309, Ugland House, KY1-1104 George Town, Cayman Islands2
  • Registered withGeneral Registry, 3525392

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Liang, the general manager of Quhuo International. Carnuxt Global Ltd is an investment holding company with no substantive business operation.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

0.5%Gross margin3
-7.0%Operating margin3
-5.9%Net margin3
-13.5%Revenue growth, 20253
-42.1%Return on equity3
0.00×Debt to equity3
-$5.6MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue98¢$359.4M
  • Research and development0¢$1.0M
  • Income tax1¢$4.5M

Out of $361.2M in revenue.3 The company lost money this year.

Financial statements

Revenue6789103$361.2M in 2025−9% since 2020
0$200.0M$400.0M$600.0M$800.0M2020: $395.5M$395.5M20202021: $631.7M$631.7M2021+60%2022: $553.9M$553.9M2022−12%2023: $521.5M$521.5M2023−6%2024: $417.4M$417.4M2024−20%2025: $361.2M$361.2M2025−13%
Gross profit6103$1.8M in 2025−94% since 2020
0$10.0M$20.0M$30.0M2020: $29.5M$29.5M20202024: $10.1M$10.1M2024−66%2025: $1.8M$1.8M2025−82%
Operating income6789103-$25.5M in 2025+705% since 2020
-$30.0M-$20.0M-$10.0M0$10.0M2020: -$3.2M-$3.2M20202021: -$21.9M-$21.9M2021+593%2022: $5.2M$5.2M20222023: -$1.1M-$1.1M20232024: -$1.4M-$1.4M2024+30%2025: -$25.5M-$25.5M2025+1689%
Net income6789103-$21.4M in 2025
-$30.0M-$20.0M-$10.0M0$10.0M2020: $526.0K$526.0K20202021: -$24.8M-$24.8M20212022: -$1.9M-$1.9M2022−92%2023: $469.0K$469.0K20232024: $371.0K$371.0K2024−21%2025: -$21.4M-$21.4M2025
Fiscal year2019202020212022202320242025
Revenue$395.5M6$631.7M7$553.9M8$521.5M9$417.4M10$361.2M3
Cost of revenue$366.0M6$604.1M7$517.3M8$498.0M9$407.3M10$359.4M3
Gross profit$29.5M6$10.1M10$1.8M3
Research and development$2.0M6$3.2M7$1.8M8$1.7M9$1.5M10$1.0M3
Operating expenses$49.5M7$31.5M8$24.6M9$11.5M10$27.2M3
Operating income-$3.2M6-$21.9M7$5.2M8-$1.1M9-$1.4M10-$25.5M3
Interest$1.2M6$1.1M7$824.0K8$688.0K9
Income before tax-$28.1M7$665.0K8$715.0K9-$2.3M10-$26.1M3
Income tax$3.9M6$1.9M7$3.0M8-$131.0K9-$2.5M10-$4.5M3
Net income$526.0K6-$24.8M7-$1.9M8$469.0K9$371.0K10-$21.4M3
Earnings per share$0.016-$0.567-$0.038$0.019$0.0010-$0.023
Earnings per share (diluted)$0.016-$0.567-$0.038$0.019$0.0010-$0.023
Shares (weighted, basic)43.9M shares956.0M shares1055.5M shares3416.0M shares31.4B shares3
Shares (weighted, diluted)43.9M shares956.0M shares1055.5M shares3416.0M shares31.4B shares3

Compare QUHUO Ltd with another company

Corporate structure

QUHUO Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of QUHUO Ltd

  • Genan Tech Ltd Filed SCHEDULE 13D/A on QUHUO Ltd, latest Feb 10, 2025 (2 filings since Oct 15, 2024)
  • Highland Vision Holding LTD Filed SCHEDULE 13D/A on QUHUO Ltd, latest Feb 10, 2025 (2 filings since Oct 15, 2024)
  • Longx Tech Ltd Filed SCHEDULE 13D/A on QUHUO Ltd, latest Feb 10, 2025 (2 filings since Oct 15, 2024)
  • Cloud Alliance Inc Filed SC 13D/A on QUHUO Ltd, latest Sep 11, 2024 (4 filings since Apr 8, 2024)
  • Baidu Filed SC 13G on QUHUO Ltd, latest Feb 1, 2024
  • Leslie Yu Filed SC 13G/A on QUHUO Ltd, latest Feb 14, 2023
  • Shuyi Yang Filed SC 13G/A on QUHUO Ltd, latest Feb 14, 2023
  • QUHUO Ltd Beijing, China

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What QUHUO Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$843.0K3 Dec 31, 2025$1.2M10 Dec 31, 2024−28.7%
Property and equipment, net$337.0K3 Dec 31, 2025$1.2M10 Dec 31, 2024−72.2%
Operating-lease assets (leased space)$223.0K3 Dec 31, 2025$637.0K10 Dec 31, 2024−65.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$5.5M3 Dec 31, 2025$8.7M10 Dec 31, 2024−36.6%
Long-term investments$202.0K3 Dec 31, 2025$194.0K10 Dec 31, 2024+4.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$9.4M3 Dec 31, 2025$9.0M10 Dec 31, 2024+4.4%
Intangible assets, net (excluding goodwill)$6.4M3 Dec 31, 2025$7.9M10 Dec 31, 2024−19.7%
Accumulated amortization$12.2M3 Dec 31, 2025-$10.7M10 Dec 31, 2024+214.7%
Finite-lived intangibles, net$6.4M3 Dec 31, 2025$7.9M10 Dec 31, 2024−19.7%

Leadership

Who has led QUHUO Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Leslie Yu2026–now

Chief financial officer

  1. Zhen Ba2026–now
  • Chief executive officerLeslie Yu Mar 18, 2026 to now11
  • Chief financial officerZhen Ba Mar 18, 2026 to now12
Board members and other officers (5)

Timeline

  1. Mar 18, 2026New chief executive Leslie Yu becomes CEO11

Filings

124 filings to the SEC since October 2021: 7 annual reports, 6 insider forms, 13 large holders, 98 other. The latest 20:

  1. Jul 15, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Jul 9, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Jul 7, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. Jun 11, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. May 27, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  6. May 22, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  7. May 11, 2026F-3/A AMENDMENT NO. 1 TO FORM F-3 EDGAR
  8. Apr 27, 2026F-6 POS EDGAR
  9. Apr 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  10. Apr 14, 2026F-3 REGISTRATION STATEMENT EDGAR
  11. Apr 13, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  12. Apr 9, 2026S-8 REGISTRATION STATEMENT EDGAR
  13. Apr 7, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  14. Apr 2, 202620-F ANNUAL REPORT EDGAR
  15. Apr 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  16. Apr 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. Mar 30, 20263 EDGAR
  18. Mar 18, 20263 EDGAR
  19. Mar 18, 20263 EDGAR
  20. Mar 18, 20263 EDGAR

The 124 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How QUHUO Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARQUHUO Ltd1
  • CIK0001781193
  • Filer statusAccelerated filer not an emerging growth company; not a shell company5
  • Incorporated inCayman Islands5
  • Fiscal year endsDecember 311
  • Industry code (SIC)7389 Services-Business Services, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address3Rd Floor, Block A, Xin'Anmen, No. 1, South Bank Huihe South Street, Chaoyang District Beijing, 100020, China1
  • Phone008610533187471
  • Shares outstanding890,653,509 Common Class A shares; 6,296,630 Common Class B shares; 100,000,000 Common Class C shares as of Dec 31, 20255
  • AuditorGuangdong Prouden CPAs GP, Guangzhou, China PCAOB ID 7254; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceSep 4, 20191
  • Filings177 in all: 6-K (69), UPLOAD (13), CORRESP (11), 20-F (6), 3 (6), DRSLTR (6), 424B5 (5), DRS/A (5)1
    All 33 form types

    SC 13G (5), 6-K/A (4), EFFECT (4), F-3 (4), F-3/A (4), F-6 POS (4), SC 13D (4), SC 13D/A (3), SCHEDULE 13D/A (3), 20-F/A (2), NT 20-F (2), S-8 (2), SC 13G/A (2), SEC STAFF LETTER (2), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-1/A (1), F-1MEF (1), F-6 (1), F-6/A (1), F-6EF (1), RW (1)

  • Latest filingsAnnual report (20-F) Apr 2, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares, each representing 900 Class A ordinary shares, par value US$0.0001 per shareQHThe Nasdaq Global Market
Class A ordinary shares, par value US$0.0001 per share

From the cover page of the 20-F filed Apr 2, 2026 (Section 12(b) of the Exchange Act).5

Sources

The numbers on this page point here. Each one links to the record it came from.

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