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NASDAQ · Consumer discretionary

Token Cat Ltd (TC)

Token Cat Ltd reported revenue of $847K in fiscal 2025, down 87.4% from a year earlier. Net income was $323K, a net margin of 38.1%. At December 31, 2025 it held $140K in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on May 8, 2026.

Free, no password. An email when TC files with the SEC.

Price
$0.88
+4.62% on the day · November 9, 2026
52-week range $0.80 to $18.99
Market cap
$23.2M
Revenue (FY2025)
$847K
-87.4% year on year
Net margin
38.1%

Key facts about Token Cat Ltd

Net worth
Token Cat Ltd has a market value (market cap) of $23.2M at the latest share price, and shareholders' equity of $18.9M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $847K (-87.4% year on year), with net income of $323K.
Cash flow
In fiscal 2025 operations used $25.2M of cash.
Latest report
The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on May 8, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR

What Token Cat Ltd does

Token Cat Ltd is registered with the SEC under industry code SIC 7389 (Services-Business Services, NEC). Its shares trade on NASDAQ under the ticker TC.

Revenue and profit by year

Revenue
FY18: $94.7M $94.7M FY18FY19: $92.6M $92.6M FY19FY20: $50.6M $50.6M FY20FY21: $56.1M $56.1M FY21FY22: $26.6M $26.6M FY22FY23: $22.9M $22.9M FY23FY24: $6.7M $6.7M FY24FY25: $847K $847K FY25
Net income
FY18: -$11.4M -$11.4M FY18FY19: -$36.1M -$36.1M FY19FY20: -$25.1M -$25.1M FY20FY21: -$16M -$16M FY21FY22: -$24.1M -$24.1M FY22FY23: -$11.7M -$11.7M FY23FY24: -$25.8M -$25.8M FY24FY25: $323K $323K FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$847K-$4.9M$323Kn/an/a
2024$6.7M-$12.3M-$25.8M-$0.05-$4.8M
2023$22.9M-$17M-$11.7Mn/an/a
2022$26.6M-$17.3M-$24.1Mn/a-$15.9M
2021$56.1M-$17.4M-$16Mn/a-$14.6M
2020$50.6M-$26.3M-$25.1Mn/a-$13.9M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Where TC ranks in Consumer discretionary

Revenue$847K
#1027 of 1077 in Consumer discretionary · Bottom 5%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer discretionary

Latest SEC filings

What Token Cat Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 28, 2026
  2. August 18, 2026
  3. May 8, 2026
    Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue fell 87% to $847K versus the prior year; net income of $323K versus a net loss of $25.8M.
  4. April 30, 2026
  5. March 26, 2026
  6. February 27, 2026
  7. February 13, 2026
  8. February 6, 2026
  9. February 3, 2026
  10. January 15, 2026

Insider trades

What the people running Token Cat Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns TC

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Sabby Management, LLC13G, passive with 2 related filers 5% 146,754 January 2, 2025

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

No insider reported holdings on a Form 4 in the last 12 months.

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about TC

What does Token Cat Ltd do?

Token Cat Ltd is a company in the Consumer discretionary sector, listed on NASDAQ as TC. Its shares trade on NASDAQ under the ticker TC.

What is Token Cat Ltd's net worth?

Token Cat Ltd has a market value (market cap) of $23.2M at the latest share price, and shareholders' equity of $18.9M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Token Cat Ltd profitable?

Yes. In fiscal 2025 it reported net income of $323K on revenue of $847K, a net margin of 38.1%.

How much revenue does Token Cat Ltd make?

In fiscal 2025 Token Cat Ltd reported revenue of $847K. That is 87.4% less than a year earlier.

When did Token Cat Ltd last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on May 8, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from August 28, 2026.

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Follow TC

Get an email when Token Cat Ltd files with the SEC: results, executive changes, material agreements and annual reports.

Free, no password. An email when TC files with the SEC.

Where the numbers come from

Financial figures are the values Token Cat Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.