Token Cat Limited (TC)

Token Cat Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	19.94	0.98	4.6	9.56	69.9	63.46
Short-Term Investments	-	-	-	6.59	7.98	7.64
Cash & Short-Term Investments	19.94	0.98	4.6	16.16	77.88	71.1
Cash Growth	373.56%	-78.78%	-71.53%	-79.25%	9.53%	-56.73%
Accounts Receivable	5.07	6.52	-	28.89	49.97	47.95
Other Receivables	0.01	-	-	0.64	1.2	16.74
Receivables	5.09	6.52	-	29.53	51.17	64.69
Prepaid Expenses	-	-	-	-	40.3	26.92
Restricted Cash	-	-	-	6.43	6.95	33.84
Other Current Assets	271.65	165.38	33.45	9.88	-2.62	9.16
Total Current Assets	296.67	172.88	38.05	62	173.67	205.71
Property, Plant & Equipment	2.4	-	-	5.71	10.14	8.57
Long-Term Investments	-	-	-	5.56	5.38	5.36
Goodwill	-	-	-	45.56	45.56	115.41
Other Intangible Assets	-	-	-	-	-	17.71
Other Long-Term Assets	0.19	-	6.1	0.52	0.52	0.31
Total Assets	299.27	172.88	44.14	119.35	235.27	353.08

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	0.61	6.5	-	10.41	13.66	29.58
Accrued Expenses	3.17	2.92	1.93	37.1	65.46	76.45
Short-Term Debt	0.09	6.21	1.08	15.69	3.17	7
Current Portion of Long-Term Debt	5.93	-	-	-	-	-
Current Portion of Leases	1.67	-	-	4.09	5.2	2.59
Current Income Taxes Payable	0.03	0	-	0.02	-	0.65
Current Unearned Revenue	7.46	-	-	1.22	1.35	4.14
Other Current Liabilities	0.51	0.6	100.03	18.25	19.73	31.38
Total Current Liabilities	19.47	16.22	103.03	86.76	108.56	151.78
Long-Term Debt	24.03	-	-	3	1.55	-
Long-Term Leases	1.02	-	-	6.1	7.49	1.48
Long-Term Unearned Revenue	-	-	-	0.05	0.02	0.1
Long-Term Deferred Tax Liabilities	-	-	-	-	-	5.45
Other Long-Term Liabilities	15.56	24.38	81.92	3.95	24.87	0.96
Total Liabilities	60.08	40.6	184.95	99.86	142.49	159.77

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	72.47	5.93	0.52	0.27	0.27	0.22
Additional Paid-In Capital	2,556	1,501	1,323	1,306	1,297	1,231
Retained Earnings	-1,610	-1,419	-1,421	-1,233	-1,150	-983.65
Treasury Stock	-13.11	-13.11	-34.53	-45.89	-45.89	-45.89
Comprehensive Income & Other	-766.13	57	-8.98	-8.29	-8.42	-7.41
Total Common Equity	239.18	132.28	-140.81	19.48	92.78	194.41
Minority Interest	-	-	-	-	-	-1.1
Shareholders' Equity	239.18	132.28	-140.81	19.48	92.78	193.31
Total Liabilities & Equity	299.27	172.88	44.14	119.35	235.27	353.08

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	32.74	6.21	1.08	28.88	17.41	11.06
Net Cash (Debt)	-12.8	-5.23	3.52	-12.72	60.47	60.04
Net Cash Growth	-	-	-	-	0.72%	-61.11%
Net Cash Per Share	-1.55	-44.13	32.49	-150.09	908.35	939.33
Filing Date Shares Outstanding	21.81	26.42	0.15	0.08	0.08	0.06
Total Common Shares Outstanding	21.81	1.73	0.15	0.08	0.08	0.06
Working Capital	277.2	156.66	-64.99	-24.77	65.11	53.93
Book Value Per Share	10.97	76.36	-908.91	231.91	1163.79	3032.16
Tangible Book Value	239.18	132.28	-140.81	-26.08	47.22	61.29
Tangible Book Value Per Share	10.97	76.36	-908.91	-310.38	592.32	955.88
Machinery	0.06	-	-	5.75	5.75	5.55
Leasehold Improvements	-	-	-	4.67	4.67	5.08

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 15, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Nov 5, 2026

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