Financials in USD. Standardized financial statements.
A compact view of how Token Cat Limited turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $5.76M | $49.18M | $162.37M | $183.19M | $357.55M | $330.23M | $644.77M | $651.01M | $280.67M | $117.35M |
| Revenue Growth? | -88.3% | -69.7% | -11.4% | -48.8% | +8.3% | -48.8% | -1.0% | +132.0% | +139.2% | 0.0% |
| Cost of Revenue? | $5.60M | $15.60M | $68.94M | $70.54M | $85.29M | $88.80M | $186.54M | $183.37M | $54.78M | $17.75M |
| Gross Profit? | $163,417 | $33.58M | $93.42M | $112.65M | $272.26M | $241.43M | $458.23M | $467.64M | $225.88M | $99.61M |
| Gross Margin? | +2.8% | +68.3% | +57.5% | +61.5% | +76.1% | +73.1% | +71.1% | +71.8% | +80.5% | +84.9% |
| Operating Expenses? | $33.70M | $123.52M | $214.45M | $231.95M | $383.11M | $412.75M | $716.55M | $539.59M | $299.16M | $179.97M |
| Operating Income? | -$33.54M | -$89.94M | -$121.03M | -$119.30M | -$110.85M | -$171.32M | -$261.04M | -$68.04M | -$71.74M | -$81.09M |
| EBITDA? | -$33.54M | -$85.89M | -$115.28M | -$95.31M | -$103.44M | -$164.22M | -$256.61M | -$66.98M | -$70.78M | -$79.89M |
| Income Before Tax | $41.38M | -$187.99M | -$82.97M | -$171.94M | -$101.94M | -$164.51M | -$251.30M | -$75.09M | -$75.69M | -$81.51M |
| Income Tax Expense | $0 | $0 | $0 | -$5.45M | $0 | -$1.03M | $0 | $35.07M | $20.95M | $16.91M |
| Net Income? | $2.21M | -$187.99M | -$82.97M | -$166.49M | -$101.94M | -$163.03M | -$250.64M | -$110.15M | -$96.64M | -$98.41M |
| EPS? | $18.60 | $-64.80 | $-28.80 | $-74.40 | $-48.00 | $-76.80 | $-122.40 | $-130.09 | $-146.88 | $-158.48 |
| Diluted EPS? | $18.60 | $-64.80 | $-28.80 | $-74.40 | $-48.00 | $-76.80 | $-122.40 | $-130.09 | $-146.68 | $-158.48 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality