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TC: financial statements from SEC — TradeAlmanac

TC

Token Cat Limited: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Revenue	6M	49M	162M	183M
Cost of revenue	6M	16M	69M	71M
Gross profit	168,000	5M	93M	113M
Research and development	—	12M	11M	20M
Selling, general and administrative	35M	53M	45M	65M
Operating expenses	35M	17M	214M	232M
Operating income	−34M	−90M	−121M	−119M
Pre-tax income	43M	−26M	−83M	−172M
Income tax	—	—	—	−5M
Net income	2M	−188M	−83M	−166M
Earnings per share	0.07	−0.05	−0.20	−0.52
Earnings per share, diluted	0.07	−0.36	−0.20	−0.52
Weighted average shares	569M	520M	407M	320M
Weighted average shares, diluted	569M	520M	407M	320M

Balance sheet

Metric	19/08/2026	18/08/2026	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Cash and equivalents	—	—	976,000	863,000	10M	70M	63M
Receivables	—	—	7M	2M

Cash flow

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Operating cash flow	−176M	−5M	−75M	−110M
Depreciation and amortisation	—	—	—	2M
Share-based compensation	25M	4M	10M	10M

Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator