Last 16 quarters of trend data · Communication Services · Internet Content & Information
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -1.19 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 86.57 | 0.05 | 0.04 | 1.44 | 2.42 | 1.22 | 1.05 | 1.39 | 1.69 | 1.95 | 2.29 | 9.82 | 4.09 |
| — | -96.2% | -96.2% | +3.5% | +42.9% | -37.6% | -54.4% | -85.8% | -58.6% | -19.3% | -36.7% | -28.7% | -53.4% | |
| P/B Ratio | — | 0.06 | 0.05 | — | — | — | — | 10.03 | 4.73 | 5.44 | 4.64 | 19.89 | 7.04 |
| — | — | — | — | — | — | — | -49.6% | -32.9% | -2.5% | +0.7% | +135.0% | -46.7% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Token Cat Limited's operating margin was -207.0% in Q2 2025, down 0.0 pp QoQ and down 60.1 pp YoY. The trailing four-quarter average of -229.4% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 14.2% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.3% | 79.0% | 79.0% | 66.5% | 66.5% | 69.2% | 69.2% | 49.8% | 63.4% | 63.4% | 43.0% | 43.0% | 76.4% |
| — | +14.2% | +14.2% | +33.5% | +4.9% | +9.1% | +61.0% | +16.0% | -17.0% | -12.9% | -40.4% | -45.3% | -22.3% | |
| Operating Margin | -182.9% | -207.0% | -207.0% | -251.8% | -251.8% | -146.9% | -146.9% | -93.8% | -58.2% | -58.2% | -58.8% | -58.8% | -53.4% |
| — | -40.9% | -40.9% | -168.4% | -332.6% | -152.4% | -149.6% | -59.4% | -9.1% | -245.7% | -38.1% | +23.0% | -597.4% | |
| Net Margin | -382.3% | -3.4% | -3.4% | -873.1% | -873.1% | -125.9% | -125.9% | -74.4% | -33.3% | -33.3% | -117.4% | -117.4% | -51.2% |
| — | +97.3% | +97.3% | -1072.8% | -2521.1% | -278.0% | -7.3% | +36.6% | +35.0% | -117.7% | -185.1% | -60.8% | -287.6% |
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | -1.0% | -1.0% | — | — | — | -295.4% | -61.1% | -23.2% | -19.3% | -59.5% | -38.6% | -17.7% |
| — | — | +99.7% | — | — | — | -396.8% | -58.5% | -31.1% | -129.0% | -383.7% | -362.2% | -256.7% | |
| ROA | -230.0% | -0.2% | -0.3% | -166.9% | -109.1% | -22.4% | -19.3% | -17.3% | -8.4% | -7.4% | -23.4% | -18.8% | -10.3% |
| — | +99.3% | +98.6% | -862.7% | -1194.7% | -204.1% | +17.5% | +7.6% | +18.2% | -38.1% | -177.1% | -186.3% | -149.7% | |
| ROIC | — | -20.9% | — | — | — | -73.3% | -60.3% | -52.1% | -33.4% | -42.2% | -59.1% | -23.9% | -20.8% |
| — | +71.5% | — | — | — | -73.5% | -2.1% | -117.8% | -60.6% | -323.2% | -320.8% | +8.3% | +62.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has improved 236.7% YoY to 1.49x, strengthening the short-term liquidity position.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | 1.26 | 1.26 | — | — | — | — | 1.27 | 0.24 | 0.24 | 0.13 | 0.13 | 0.04 |
| — | — | — | — | — | — | — | +866.8% | +453.2% | +1619.7% | +1277.4% | +1461.8% | — | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 0.37 | 1.49 | 1.49 | 0.37 | 0.37 | 0.44 | 0.44 | 0.71 | 1.30 | 1.30 | 1.60 | 1.60 | 1.36 |
| — | +236.7% | +236.7% | -48.3% | -71.5% | -65.9% | -72.3% | -55.3% | -4.4% | -26.7% | -23.0% | -39.6% | -76.0% | |
| Quick Ratio | 0.37 | 1.49 | 1.49 | 0.37 | 0.37 | 0.44 | 0.44 | 0.71 | 1.30 | 1.30 | 1.60 | 1.60 | 1.36 |
| — | +236.7% | +236.7% | -48.3% | -71.5% | -65.9% | -72.3% | -55.3% | -4.4% | -26.7% | -23.0% | -39.6% | -76.0% | |
| Interest Coverage | -90.03 | -54.36 | -54.36 | -76.41 | -76.41 | -107.36 | -107.36 | — | — | — | -8.73 | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 16 years · Updated daily
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Start ComparisonToken Cat Limited's current P/E is -1.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Token Cat Limited's current operating margin is -182.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Token Cat Limited's business trajectory between earnings reports.