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TC · NASDAQ · Specialty Business Services

Token Cat (ADR) (TC)

China automotive marketplace combining auto shows, dealer marketing, and lead-management tools.

$2.02
Pre-market+0.01 (+0.50%)
At close$2.01(0.00%)
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Token Cat LimitedTCIndustrials

Connects Chinese vehicle buyers with automakers and dealers through auto shows, promotional events, digital marketing, lead management, and dealer software, earning fees from automotive-industry customers. The last verified operating model combines online acquisition with offline transaction facilitation.

Connects Chinese vehicle buyers with automakers and dealers through offline auto shows, dealer-specific promotions, digital marketing, lead management, and transaction-facilitation services. Combines online consumer acquisition and data analysis with in-person events, while dealer software adds customer-relationship management, analytics, and social-media marketing workflows.

Generates service fees principally from automotive-industry customers rather than consumers. The last verified operations were concentrated in China, including lower-tier cities where automaker and dealer reach was historically less direct.

Detailed operating disclosures available for review predate the Token Cat rename, so the automotive marketplace is the last verified operating model. The Cayman Islands holding company depends on contractual arrangements with PRC operating entities.

Company facts

CEOGuangsheng Liu
ListedNov 20, 2018
ExchangeNASDAQ
HeadquartersBeijing, China
CountryChina
Employees23
CIK0001743340
ISINUS89856T4013

Market cap$5.9M
EPS (ttm)−$0.8548
P/E (ttm)−2.35
ROE-0.8%
P/B0.0120
P/S1.99
Dividend yieldDiv yield
Beta−0.22vs XLI −0.76

No analyst consensus on record.

Next report
Sep 24, 2026
estimated · in 21 days
EPS estimate
−$42.00
Revenue estimate
$18.9M
Fiscal quarter
Q3 FY25

EPSReportedEstimate

Mar '24Apr '24Aug '24Sep '24Mar '25Sep '25Sep '25Sep '26
Reported−$0.28−$0.01−$0.96−$4.79−$4.60−$2.87−$0.40Pending
Estimate−$0.15−$1.20−$1.20−$7.17−$42.00
Surprise−86.7%+20.2%−299.3%+35.8%

RevenueReportedEstimate

Mar '24Apr '24Aug '24Sep '24Mar '25Sep '25Sep '25Sep '26
Reported$2.2M$2.2M$2.2M$1.2M$1.2M$9.9M$1.4MPending
Estimate$167.5M$17.0M$17.0M$1.3M$18.9M
Surprise−98.7%−86.9%−92.9%−10.6%
Estimate−$42.00
ReportedDue Sep 24, 2026
Estimate$18.9M
ReportedDue Sep 24, 2026
View details

Debt to equity4.70%
Current ratio1,065.80%

ProfitabilityRevenueNet incomeNet margin

Q2 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25
Revenue$6.9M$5.2M$2.4M$2.4M$1.3M$1.3M$1.5M$1.5M
Net income−$2.3M−$3.9M−$3.0M−$3.0M−$11.0M−$11.0M−$50.2K−$50.2K
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q2 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25
Operating income−$4.0M−$4.9M−$3.5M−$3.5M−$3.2M−$3.2M−$3.0M−$3.0M
YoY growth

Balance sheet, Dec 31, 2025Cash & short-term investments $145.3K · Total debt $924.6K · Total assets $25.7M · Shareholders' equity $19.7M

Revenue
$1.5M
Operating income
−$3.0M
Net income
−$50.2K

Reported in CNY, converted at the latest exchange rate

View details

No dividends on record.

Institutions4 holders · as of Mar 31, 20260.81%23.4K ADS
Otherremainder99.19%2.89M ADS

2.91M ADS as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

The share count is from the company's Dec 2022 annual report; nothing newer is on file here.

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Sabby Management, LLCInstitution
0.80%23,239 A ADS13Fas of Mar 31, 2026
UBS Group AGInstitution
0.01%148 A ADS13Fas of Mar 31, 2026
Wells Fargo & Company/MNInstitution
0.00%50 A ADS13Fas of Mar 31, 2026
Morgan StanleyInstitution
0.00%1 A ADS13Fas of Mar 31, 2026

13F — a manager's quarterly holdings

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Autohome (ADR)

    Closest nationwide rival in auto research, ads, leads, and dealer tools.

ComparePre-market

CompanyPriceChange
Token Cat (ADR)$2.02+0.50%$5.9M2.0+14.7%
Autohome (ADR)$21.92−0.81%$634.7M6.0107.30.8−28.1%
Median6.0107.30.8−28.1%