Token Cat Ltd (TC) stock

TCNasdaqServices-Business Services, NECFiscal year ends December 31

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on May 8, 2026Score 4/30

$0.81−0.02 (-1.88%)

Close on Nov 13, 2026Market cap $1.41MP/E –Yield –

Token Cat r&d expenses

Research and development expenses are spending on new products and technology.

For fiscal 2024 it was CN¥11.89M, up 5.5% from the year before. The highest annual figure on record is CN¥43.34M in fiscal 2019.

Period	Period end	Value	Change
FY2024	Dec 31, 2024	CN¥11.89M	+5.5%
FY2023	Dec 31, 2023	CN¥11.27M	-43.1%
FY2022	Dec 31, 2022	CN¥19.80M	-44.5%
FY2021	Dec 31, 2021	CN¥35.65M	+4.0%
FY2020	Dec 31, 2020	CN¥34.27M	-20.9%
FY2019	Dec 31, 2019	CN¥43.34M	+125.0%
FY2018	Dec 31, 2018	CN¥19.26M	+21.0%
FY2017	Dec 31, 2017	CN¥15.93M	-18.7%
FY2016	Dec 31, 2016	CN¥19.58M	–

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is TC.

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