Companies: 10,795·Total market cap: $144.5T
Token Cat Limited

Token Cat Limited

TCNASDAQCommunication Services● Active
$8.62
$-0.28(-3.16%)
Market Cap$25089165
P/E Ratio—
52W High$22.46
52W Low$6.5
Free Cash FlowFinancialsRevenue

Token Cat Limited (TC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TC · free cash flow · updated Jun 9, 2026

Core FCF metrics

Free cash flow was −$171.6M for FY2025 (fiscal year ending 2025-12-31), down 393.8% year-over-year

FY2025 Free Cash Flow−$171.6M▼ -393.8% YoY
Trailing 12M (TTM)−$193.1Mtrailing 4 quarters sum
FCF Margin< −999%−$171.6M ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGRN/AN/A — contains negative FCF
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
tc free cash flow history · tc free cash flow chart · tc free cash flow growth rate · tc free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest−$171.6M▼ 393.8%—
FY2024−$34.7M▲ +53.6%-70.7%
FY2023−$74.9M▲ +31.8%-46.1%
FY2022−$109.9M▼ 17.9%-60.0%
FY2021−$93.2M▼ 2.6%-26.1%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
tc free cash flow 2025 · tc free cash flow 2024 · tc free cash flow 2023 · tc operating cash flow

FCF valuation metrics

Token Cat Limited (TC) reported negative free cash flow of −$0.17B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)
N/A
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
N/A
TTM FCF ÷ Shares Outstanding
Price / FCF
N/A
Share Price ÷ FCF per Share
EV / FCF (TTM)
N/A
Enterprise Value basis
!

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
tc price to free cash flow · tc free cash flow yield · tc free cash flow per share · tc price to cash flow ratio

Cash flow statement summary

For FY2025, Token Cat Limited generated −$171.6M in operating cash flow and spent 0M in capital expenditures, yielding −$171.6M in free cash flow.

Operating Activities
−$171.6M
Cash from core business operations
2025-12-31
Investing Activities
−$4.8M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
+$159.1M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF (−$171.6M) − |CapEx| (0M) = FCF (−$171.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
tc cash flow statement · tc cash flow statement 2025 · tc operating cash flow · tc cash flow from operations

Free cash flow vs peers (Communication Services)

#CompanyFree Cash FlowYoY
#1
Token Cat Limited
Token Cat LimitedYOU
TC
−$171.6M-393.8%
#2
Alphabet Inc.
Alphabet Inc.
GOOGL
$73.27B+0.7%#3
Alphabet Inc.
Alphabet Inc.
GOOG
$73.27B+0.7%#4
Meta Platforms, Inc.
Meta Platforms, Inc.
META
$46.11B-14.7%#5
Verizon Communications, 5.9% 15 Feb 2054
Verizon Communications, 5.9% 15 Feb 2054
VZA
$19.68B+4.0%#6
Netflix, Inc.
Netflix, Inc.
NFLX
$9.46B+36.7%
Communication Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Token Cat Limited (TC) reported free cash flow of −$171.6M for FY2025 (fiscal year ending 2025-12-31), down 393.8% year-over-year.

Token Cat Limited has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 10 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

TC free cash flow · 8 questions

Token Cat Limited free cash flow was −$171.6M for FY2025, down 393.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$193.1M.

TC free cash flowTC FCFTC FCF 2025TC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Token Cat Limited · Token Cat Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026