Token Cat Limited (TC) Gross margin 2018–2025
Token Cat Limited (TC) gross margin by fiscal year — reported gross profit divided by reported revenue.
2.8%FY2025 · since FY2018: 71.8% → 2.8%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 2.8% | -65.4 pp |
| FY2024 | 68.3% | +10.7 pp |
| FY2023 | 57.5% | -4.0 pp |
| FY2022 | 61.5% | -14.7 pp |
| FY2021 | 76.1% | +3.0 pp |
| FY2020 | 73.1% | +2.0 pp |
| FY2019 | 71.1% | -0.8 pp |
| FY2018 | 71.8% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice