Token Cat Limited (TC) Revenue History
Annual and quarterly revenue from 2016 to 2024
Compound Annual Growth Rate (CAGR)
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TC Revenue Growth
Revenue Breakdown (FY 2024)
TC's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
TC Revenue Analysis (2016–2024)
As of May 7, 2026, Token Cat Limited (TC) generated trailing twelve-month (TTM) revenue of $36.6 million, reflecting significant decline in growth of -38.8% year-over-year. The most recent quarter (Q2 2025) recorded $9.9 million in revenue, up 0.0% sequentially.
Looking at the longer-term picture, TC's 5-year compound annual growth rate (CAGR) stands at -40.2%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $651.0 million in 2018.
Revenue diversification analysis shows TC's business is primarily driven by Others Member (100%). With over half of revenue concentrated in Others Member, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including ZG (+16.8% YoY), Z (+16.8% YoY), and ATHM (-50.3% YoY), TC has underperformed the peer group in terms of revenue growth. Compare TC vs ZG →
TC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TCCurrent | $37M | -38.8% | -40.2% | -182.9% | |
 ZG | $2.6B | +16.8% | +9.7% | -1.2% | |
 Z | $2.6B | +16.8% | +9.7% | -1.2% | |
 ATHM | $7.0B | -50.3% | -3.5% | 14.3% | |
 GRPN | $498M | +1.2% | -18.9% | 2.6% | |
 EVER | $693M | +24.5% | +14.8% | 9.6% |
TC Historical Revenue Data (2016–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $49.2M | -69.7% | $33.6M | 68.3% | $-89,940,000 | -182.9% |
| 2023 | $162.4M | -11.4% | $93.4M | 57.5% | $-121,027,000 | -74.5% |
| 2022 | $183.2M | -48.8% | $112.7M | 61.5% | $-119,295,000 | -65.1% |
| 2021 | $357.6M | +8.3% | $272.3M | 76.1% | $-110,847,000 | -31.0% |
| 2020 | $330.2M | -48.8% | $241.4M | 73.1% | $-171,325,000 | -51.9% |
| 2019 | $644.8M | -1.0% | $458.2M | 71.1% | $-261,037,000 | -40.5% |
| 2018 | $651.0M | +132.0% | $467.6M | 71.8% | $-68,037,000 | -10.5% |
| 2017 | $280.7M | +139.2% | $225.9M | 80.5% | $-71,741,000 | -25.6% |
| 2016 | $117.4M | - | $99.6M | 84.9% | $-81,095,000 | -69.1% |
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Start ComparisonTC — Frequently Asked Questions
Quick answers to the most common questions about buying TC stock.
Is TC's revenue growth accelerating or slowing?
TC revenue declined -38.8% year-over-year, contrasting with the 5-year CAGR of -40.2%. TTM revenue fell to $37M. This reverses the prior growth trend.
What is TC's long-term revenue growth rate?
Token Cat Limited's 5-year revenue CAGR of -40.2% reflects the variable expansion pattern. Current YoY growth of -38.8% is below this long-term average.
How is TC's revenue distributed by segment?
TC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2016-2024 are available for download. Segment mix reveals concentration and diversification trends.