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Lichen International Ltd

LICN Clue Score31
China Fiscal year ends December CIK 0001876766
$0.99 +3.73% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $0.99 −24.00% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 6 Feb 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue23.3Operating income8.8Net income6.4EPS, diluted0.28Fiscal year 2021Revenue26.5 +13.5%Operating income11.3Net income8.5 +32.1%EPS, diluted0.38Fiscal year 2022Revenue26.3 −0.8%Operating income10.6Net income7.8 −7.6%EPS, diluted69.50Fiscal year 2023Revenue0.0 −100.0%Operating income12.3Net income8.3 +6.7%EPS, diluted63.96Fiscal year 2024Revenue0.0Operating income−4.6Net income−6.1 −173.6%EPS, diluted−34.79Fiscal year 2025Revenue0.8Operating income−18.1Net income−22.0EPS, diluted−4.11
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 23.3 26.5 26.3 0.0 0.0 0.8
Growth +13.5% −0.8% −100.0%
Operating income 8.8 11.3 10.6 12.3 −4.6 −18.1
Net income 6.4 8.5 7.8 8.3 −6.1 −22.0
Growth +32.1% −7.6% +6.7% −173.6%
EPS, diluted 0.28 0.38 69.50 63.96 −34.79 −4.11

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin80.7%Operating margin37.7%Net margin27.5%Fiscal year 2021Gross margin77.3%Operating margin42.6%Net margin31.9%Free cash flow margin27.5%Fiscal year 2022Gross margin76.8%Operating margin40.5%Net margin29.8%Free cash flow margin33.5%Fiscal year 2023Fiscal year 2024Fiscal year 2025Gross margin1,129.4%Operating margin−2,233.5%Net margin−2,714.7%Free cash flow margin−2,206.3%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 80.7% 77.3% 76.8% n/a n/a 1,129.4%
Operating margin 37.7% 42.6% 40.5% n/a n/a −2,233.5%
Net margin 27.5% 31.9% 29.8% n/a n/a −2,714.7%
Free cash flow margin n/a 27.5% 33.5% n/a n/a −2,206.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow8.4Fiscal year 2021Operating cash flow7.3Capital expenditure−0.0Free cash flow7.3Fiscal year 2022Operating cash flow10.8Capital expenditure−2.0Free cash flow8.8 +21.2%Fiscal year 2023Operating cash flow0.6Capital expenditure−3.2Free cash flow−2.6 −130.0%Fiscal year 2024Operating cash flow−5.6Capital expenditure−0.0Free cash flow−5.6Fiscal year 2025Operating cash flow−17.8Capital expenditure0.0Free cash flow−17.8
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 8.4 7.3 10.8 0.6 −5.6 −17.8
Capital expenditure n/a −0.0 −2.0 −3.2 −0.0 0.0
Free cash flow n/a 7.3 8.8 −2.6 −5.6 −17.8
Growth +21.2% −130.0%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2020Cash8.7Shareholders’ equity27.6Fiscal year 2021Cash16.8Shareholders’ equity36.8Fiscal year 2022Cash22.6Shareholders’ equity41.1Fiscal year 2023Cash25.9Shareholders’ equity61.4Fiscal year 2024Cash26.7Shareholders’ equity73.2Fiscal year 2025Cash26.9Shareholders’ equity70.6
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 8.7 16.8 22.6 25.9 26.7 26.9
Shareholders’ equity 27.6 36.8 41.1 61.4 73.2 70.6

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
8.7 16.8 22.6 25.9 26.7 26.9
n/a n/a 3.5 4.5 n/a n/a
n/a 0.2 0.1 0.1 0.1 0.0
n/a 14.9 13.3 14.6 13.7 7.0
n/a n/a n/a 0.0 4.5 0.8
n/a 42.9 46.5 65.5 79.8 75.6
Growth +8.3% +40.9% +21.8% −5.3%
Liabilities
n/a n/a 5.4 4.1 4.3 5.0
Equity
n/a 33.0 40.8 48.2 42.1 20.1
27.6 36.8 41.1 61.4 73.2 70.6
Growth +33.2% +11.6% +49.4% +19.2% −3.6%