Token Cat Limited (TC)

Token Cat Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-147.99	-187.99	-82.97	-166.49	-101.95	-163.03
Depreciation & Amortization	-	-	-	4.24	7.41	7.11
Loss (Gain) From Sale of Assets	-	-	-	0.22	0.43	0.05
Asset Writedown & Restructuring Costs	49.61	49.61	1.52	89.6	-	-
Loss (Gain) From Sale of Investments	-0.53	-0.53	-0.18	-0.03	0.44	-0.93
Stock-Based Compensation	28.39	28.39	9.55	10.28	9.8	17.45
Provision & Write-off of Bad Debts	6.9	6.9	4.77	8.14	17.8	30.23
Other Operating Activities	-143.43	54.99	-29.26	-17.63	1.18	-1.66
Change in Accounts Receivable	13.07	13.07	20.44	-1.13	6.5	-7.39
Change in Accounts Payable	3.47	3.47	-3.25	-15.92	7.78	15.97
Change in Unearned Revenue	-0.47	-0.47	-0.1	-2.36	-	1.72
Change in Other Net Operating Assets	-2.16	-2.16	4.6	-18.61	-41.65	11.64
Operating Cash Flow	-193.13	-34.72	-74.89	-109.68	-92.26	-88.85
Capital Expenditures	-0.01	-0.02	-	-0.21	-0.97	-2.05
Cash Acquisitions	-	-	-	-	-	1.33
Investment in Securities	-	-	-	-	48.82	38.42
Investing Cash Flow	-0.01	-0.02	-	-0.21	47.86	37.7
Long-Term Debt Issued	-	38.83	20.4	6.17	10	3
Total Debt Issued	22.83	38.83	20.4	6.17	10	3
Short-Term Debt Repaid	-	-15.79	-6.43	-8.45	-3	-3
Total Debt Repaid	-8.1	-15.79	-6.43	-8.45	-3	-3
Net Debt Issued (Repaid)	14.73	23.05	13.97	-2.29	7	-
Issuance of Common Stock	172.41	7.11	-	93.53	-	-
Other Financing Activities	-	-	-	-	-	-0.06
Financing Cash Flow	187.14	30.16	13.97	91.24	7	-0.06
Foreign Exchange Rate Adjustments	1.74	-1.07	0.07	-1.81	-5.05	-4.49
Net Cash Flow	-4.27	-5.65	-60.85	-20.46	-42.45	-55.7
Free Cash Flow	-193.15	-34.74	-74.89	-109.89	-93.22	-90.9
Free Cash Flow Margin	-527.03%	-70.65%	-46.13%	-59.99%	-26.07%	-27.53%
Free Cash Flow Per Share	-1566.78	-320.55	-883.68	-1650.73	-1458.55	-1433.22
Cash Interest Paid	0.76	0.47	0.34	0.21	0.18	0.06
Levered Free Cash Flow	-155.09	-8.13	-48.49	-51.21	-68.65	49.76
Unlevered Free Cash Flow	-154.27	-7.5	-48.4	-51.1	-68.65	49.76
Change in Working Capital	13.91	13.91	21.69	-38.01	-27.36	21.94

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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