TC
Token Cat Ltd
Next earnings Sep 14, 2026
$2.93
▼ -63.42%$2.93▼ -81.22%
over 1Y
L $2.93H $18.82
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-63.4%
1W-60.9%
1M-66.7%
3M-71.4%
YTD-61.2%
1Y-81.2%
Sell
Conviction
Horizon
Medium (3–12mo)
Street · 9 analysts
Sell
Strong net margin (38.1%); but revenue fell -87.4% YoY.
Revenue (FY2025) $847K · FY2025
Token Cat Ltd shows $847K in FY2025 revenue (-87.4% YoY), a 38.1% net margin, and 1.7% ROE.
Supporting the case: strong net margin (38.1%); conservative balance sheet (liabilities/equity 0.31x).
Is TC a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBear put spread~60d expiry
- Long put 3 @ ~1.36 est
- Short put 2.5 @ ~1.01 est
debit $35max +$15max −$35BE 2.65
SELL verdict, defined risk: profits into weakness down to the short strike; max loss is the net debit.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $56.1M | $26.6M | $22.9M | $6.74M | $847K |
| Gross profit | $42.7M | $17.5M | $13.2M | $4.60M | $24.0K |
| Operating income | -$17.4M | -$16.1M | -$17.0M | -$12.3M | -$4.93M |
| Net income | -$16.0M | -$22.9M | -$11.7M | -$25.8M | $323K |
| Diluted EPS | — | — | — | -$0.05 | — |
| Net margin | -28.5% | -86.3% | -51.1% | -382.3% | 38.1% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$83.0M
EV / EBITDA—
EV / Sales98.0
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield0.4%
FCF yield-32.6%
Quality & risk
ROIC (est.)-15.8%
Free cash flow-$25.2M
Total debt$5.72M
Net cash-$5.58M
Altman Z-Score-3.03 distress
Piotroski F-Score4/9
Capital returns
Buyback yield2.6%
Dividend yield (est.)—
Shareholder yield2.6%
Shares Δ YoY+9.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Recent filings
all on EDGAR ↗20-FPeriod ending 2025-12-312026-05-08open ↗NT 20-FPeriod ending 2025-12-312026-04-30open ↗S-8Filing2026-03-26open ↗6-KPeriod ending 2026-02-272026-02-27open ↗6-KPeriod ending 2026-02-122026-02-13open ↗6-KPeriod ending 2026-02-062026-02-06open ↗6-KPeriod ending 2026-02-032026-02-03open ↗6-KPeriod ending 2026-01-152026-01-15open ↗SEC STAFF ACTIONFiling2026-01-13open ↗EFFECTFiling2026-01-07open ↗CORRESPFiling2026-01-06open ↗F-3Filing2025-12-17open ↗
Frequently asked
- Is Token Cat Ltd (TC) a buy?
- TC currently carries a Sell rating with 2/5 conviction, derived from its latest SEC filings. Strong net margin (38.1%); but revenue fell -87.4% YoY.
- What is Token Cat Ltd's quality score?
- TC scores 45/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001743340, latest 20-F filed 2026-05-08) · EODHD · as of 7/5/2026, 7:48:19 AM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
Rule-based analysis, generated automatically from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 5, 2026, 3:48 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.