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Token Cat Ltd

$1.85 ▼ -0.19 (-9.31%) at close

10 Visible periods

30 Metrics

Peer-ranked Benchmarks

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Good

Bullish

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Analytical Summary

Token Cat Ltd shows strong fundamentals with top-quartile Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $1.1B

Dividend Yield —

Revenue Growth -87.4% ↘

Op. Margin None

ROIC None

FCF / Share $-0.04 ↘

Trailing P/E —

Price / Book —

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

10-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$847.00K

↓ -87.4% —

Net Income Profit after all expenses

$323.00K

↑ +101.3% —

Operating Margin Operating profit as % of sales

-182.9%

↓ -145.4% —

FCF / Share Free cash flow per share

$-0.04

↓ -384.5% —

Long-Term Debt Long-term obligations

$1.37M

↑ +223.9% —

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Bullish Indicators

Profit Margin (%)Profit Margin (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability

Cash Quality

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📈 Is growth accelerating? 5 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗
Revenue Growth YoY (%)	-87.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1849%)	-70.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1511%)	-13.9% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-378%)	-52.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1153%)	10.9% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+117%)	-45.4% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1007%)	-2.2% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-144%)	—	—	—
Net Income Growth YoY (%)	N/M	-120.4% Weak ↓ Weak Declining Year-over-year change in net income	49.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-43.3% Weak ↑ Weak Improving Year-over-year change in net income	36.2% Excellent ↑ Excellent Improving Year-over-year change in net income	30.6% Excellent Excellent Year-over-year change in net income	-215.4% Weak Weak Year-over-year change in net income	—	—	—
FCF Growth YoY (%)	-384.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	64.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	48.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-4.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	-4.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	46.3% Excellent Excellent Year-over-year change in free cash flow	3.5% Caution Caution Year-over-year change in free cash flow	—	—	—
Revenue CAGR 3Y (%)	-68.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-50.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-23.3% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-34.1% Weak Weak Compound annual revenue growth over 3 years	-16.0% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—	—
Revenue CAGR 5Y (%)	-55.9% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-40.8% Weak Weak Compound annual revenue growth over 5 years	-24.7% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗
Operating Margin (%) (%)	—	-182.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1624%)	-74.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-721%)	-60.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-605%)	-31.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-358%)	-51.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-532%)	-40.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-437%)	-10.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-187%)	—	—
Effective Tax Rate (%) (%)	—	—	0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.6% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—
Profit Margin (%) (%)	38.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+377%)	-382.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-4879%)	-51.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-739%)	-86.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1179%)	-28.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-456%)	-49.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-719%)	-39.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-587%)	-12.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-251%)	—	—
FCF Margin (%) (%)	—	-70.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-46.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-60.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-26.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-27.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-27.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-11.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—
FCF / Net Income (x)	-78.08x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.18x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.90x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.69x Weak → Weak Stable Free cash flow relative to reported net income Optimal: > 1x	0.91x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.56x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.70x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.94x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗
Return on Invested Capital (%)	—	54.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-538.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-104.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-57.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-59.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-61.6% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-11.3% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	-19.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-203.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-101.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-47.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-31.4% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-36.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-46.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	-9.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	—	133.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+790%)	—	-156.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1142%)	-52.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-450%)	-56.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-478%)	-59.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-495%)	-13.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-187%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗
Debt to Equity (x)	—	-0.30x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-142%)	0.96x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+37%)	0.05x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-93%)	0.04x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-95%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—	—	—
Interest Coverage (x)	—	-192.55x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-362.70x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-518.90x Weak Weak Operating income divided by interest expense Optimal: > 5x	-599.79x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	-15.68x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	—	$4.86M	$1.28M	$-9.45M	$-8.86M	$-16.84M	$-27.86M	$-84.15M	$-9.70M	—
Debt / EBITDA (x)	—	-0.46x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.15x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.04x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.07x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗
Revenue per Share (USD)	$0.00	$0.01	$0.06	$0.08	$0.18	$0.17	$0.31	$0.78	—	—
Basic EPS, GAAP (USD)	—	$-0.05	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-0.04	$-0.01	$-0.03	$-0.05	$-0.05	$-0.05	$-0.09	$-0.09	—	—
Book Value per Share (USD)	—	$-0.04	$0.01	$0.05	$0.10	$0.15	$0.21	$0.72	—	—
Tangible Book Value per Share (USD)	—	$-0.04	$-0.01	$0.03	$0.03	$0.08	$0.21	$0.72	—	—
Basic Weighted Avg Shares (shares)	569.11M	520.22M	406.80M	319.54M	306.79M	304.44M	294.92M	121.94M	94.87M	89.42M

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗
Working Capital (USD)	$22.40M	$-8.90M	$-3.49M	$10.65M	$8.46M	$20.73M	$55.92M	$83.73M	—	—
LT Debt (USD)	—	$1.37M	$423.00K	$224.00K	—	—	—	—	—	—
Total Equity (USD)	—	$-19.29M	$2.75M	$14.66M	$30.51M	$44.16M	$60.85M	$87.56M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗
Sales/Revenue/Turnover (USD)	$847.00K	$6.74M	$22.87M	$26.56M	$56.11M	$50.61M	$92.62M	$94.69M	—	—
Depreciation Expense (USD)	—	—	—	$310.00K	$518.00K	$273.00K	$500.00K	$154.00K	—	—
Net Income, GAAP (USD)	$323.00K	$-25.76M	$-11.69M	$-22.93M	$-16.00M	$-25.06M	$-36.10M	$-11.45M	—	—
Operating Cash Flow (USD)	$-25.22M	$-4.75M	$-10.55M	$-15.90M	$-14.48M	$-13.62M	$-23.24M	$-7.76M	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 10 years · 9 quarters

Token Cat Ltd

Analytical Summary

10-Year Financial Trajectory

Bullish Indicators

Bearish Risks

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