NASDAQ : LICN
Lichen International Limited — Financial statements
Industrials · Specialty Business Services · China
Last price 0.75 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 12.25M
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Financial statements
Lichen International Limited (LICN) reported revenue of 20.52M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 20.52M | 24.52M | 41.48M | 39.76M | 33.80M | 34.30M |
| Cost of Revenue | 14.09M | 15.38M | 15.80M | 15.44M | 13.61M | 13.82M |
| Gross Profit | 6.43M | 9.14M | 25.67M | 24.32M | 20.19M | 20.48M |
| Selling, General & Admin | 24.31M | 23.54M | 30.23M | 12.06M | 9.54M | 9.18M |
| Operating Expenses | 24.31M | 23.54M | 30.23M | 12.06M | 9.54M | 9.18M |
| Operating Income | -17.88M | -14.41M | -4.55M | 12.26M | 10.65M | 11.30M |
| Interest & Investment Income | 138.00K | 146.00K | 163.00K | 38.00K | 60.00K | 28.00K |
| Other Non Operating Income (Expenses) | 1.04M | 1.00K | 216.00K | -709.00K | 34.00K | 188.00K |
| EBT Excluding Unusual Items | -16.70M | -14.26M | -4.17M | 11.59M | 10.74M | 11.51M |
| Impairment of Goodwill | -3.66M | -3.66M | ||||
| Gain (Loss) on Sale of Assets | -3.87M | -3.87M | ||||
| Pretax Income | -24.23M | -21.79M | -4.17M | 11.59M | 10.74M | 11.51M |
| Income Tax Expense | -75.00K | 1.95M | 3.25M | 2.92M | 3.05M | |
| Earnings From Continuing Operations | -24.15M | -21.79M | -6.12M | 8.34M | 7.82M | 8.46M |
| Minority Interest in Earnings | -1.00K | -175.00K | -19.00K | |||
| Net Income | -24.16M | -21.96M | -6.14M | 8.34M | 7.82M | 8.46M |
| Net Income to Common | -24.16M | -21.96M | -6.14M | 8.34M | 7.82M | 8.46M |
| Shares Outstanding (Basic) | 13.32M | 5.30M | 175.90K | 130.36K | 112.50K | 112.50K |
| Shares Outstanding (Diluted) | 13.32M | 5.30M | 175.90K | 130.36K | 112.50K | 112.50K |
| EPS (Basic) | -1.81 | -4.14 | -34.90 | 63.96 | 69.49 | 75.22 |
| EPS (Diluted) | -1.81 | -4.14 | -34.90 | 63.96 | 69.49 | 75.22 |
| Free Cash Flow | -21.80M | -17.85M | -5.61M | -7.25M | 8.82M | 7.28M |
| Free Cash Flow Per Share | -1.64 | -3.37 | -31.88 | -55.58 | 78.36 | 64.68 |
| Gross Margin | 31.33% | 37.27% | 61.90% | 61.17% | 59.73% | 59.70% |
| Operating Margin | -87.13% | -58.76% | -10.97% | 30.83% | 31.50% | 32.94% |
| Profit Margin | -117.70% | -89.58% | -14.80% | 20.97% | 23.13% | 24.67% |
| Free Cash Flow Margin | -106.24% | -72.80% | -13.52% | -18.22% | 26.08% | 21.22% |
| EBITDA | -16.51M | -13.71M | -3.75M | 13.01M | 11.35M | 12.05M |
| EBITDA Margin | -80.47% | -55.90% | -9.03% | 32.73% | 33.57% | 35.14% |
| D&A For EBITDA | 1.37M | 701.00K | 806.00K | 753.00K | 701.00K | 753.00K |
| EBIT | -17.88M | -14.41M | -4.55M | 12.26M | 10.65M | 11.30M |
| EBIT Margin | -87.13% | -58.76% | -10.97% | 30.83% | 31.50% | 32.94% |
| Effective Tax Rate | 28.05% | 27.22% | 26.51% | |||
| Revenue as Reported | 20.52M | 24.52M | 41.48M | 39.76M | 33.80M | 34.30M |
| Advertising Expenses | 9.90M | 11.87M | 2.37M | 1.43M | 1.35M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 19.60M | 26.91M | 26.71M | 25.86M | 22.60M | 16.84M |
| Cash & Short-Term Investments | 19.60M | 26.91M | 26.71M | 25.86M | 22.60M | 16.84M |
| Accounts Receivable | 1.93M | 2.26M | 4.26M | 4.46M | 3.54M | 3.94M |
| Other Receivables | 70.00K | 2.83M | 419.00K | |||
| Receivables | 1.93M | 2.33M | 7.09M | 4.46M | 3.54M | 4.36M |
| Inventory | 67.00K | 87.00K | 127.00K | 150.00K | ||
| Prepaid Expenses | 155.00K | 1.00K | 63.00K | 4.00M | ||
| Other Current Assets | 2.93M | 6.92M | 74.00K | 5.72M | 996.00K | 2.53M |
| Total Current Assets | 24.62M | 36.17M | 34.01M | 40.13M | 27.27M | 23.89M |
| Property, Plant & Equipment | 2.43M | 7.60M | 13.75M | 14.76M | 13.50M | 14.94M |
| Long-Term Investments | 1.71M | 1.72M | 145.00K | |||
| Goodwill | 791.00K | 791.00K | 4.45M | |||
| Other Intangible Assets | 30.66M | 8.09M | 11.05M | 6.03M | 4.52M | 3.87M |
| Long-Term Deferred Charges | 1.09M | |||||
| Other Long-Term Assets | 5.08M | 21.21M | 16.43M | 4.63M | 141.00K | 250.00K |
| Total Assets | 65.29M | 75.57M | 79.84M | 65.55M | 46.52M | 42.94M |
| Accounts Payable | 1.00K | 55.00K | 61.00K | 161.00K | 123.00K | |
| Accrued Expenses | 2.71M | 3.48M | 1.97M | 1.83M | 1.71M | 1.88M |
| Short-Term Debt | 317.00K | 866.00K | 345.00K | |||
| Current Portion of Leases | 127.00K | 211.00K | 56.00K | 95.00K | 88.00K | |
| Current Income Taxes Payable | 160.00K | 155.00K | 473.00K | 978.00K | 367.00K | 434.00K |
| Current Unearned Revenue | 543.00K | 285.00K | 696.00K | 1.03M | 1.15M | 1.27M |
| Other Current Liabilities | 381.00K | 554.00K | 150.00K | 88.00K | 1.76M | 2.06M |
| Total Current Liabilities | 4.24M | 4.68M | 4.27M | 4.09M | 5.23M | 6.11M |
| Long-Term Leases | 177.00K | 343.00K | 5.00K | 34.00K | 184.00K | |
| Total Liabilities | 4.42M | 5.02M | 4.28M | 4.12M | 5.42M | 6.11M |
| Common Stock | 131.00K | 131.00K | 4.00K | 1.00K | 1.00K | 1.00K |
| Additional Paid-In Capital | 51.25M | 51.25M | 33.35M | 14.89M | 1.49M | 1.49M |
| Retained Earnings | 10.31M | 21.86M | 43.82M | 49.96M | 41.62M | 33.80M |
| Comprehensive Income & Other | -816.00K | -2.69M | -4.00M | -3.43M | -2.00M | 1.54M |
| Total Common Equity | 60.88M | 70.55M | 73.18M | 61.42M | 41.11M | 36.83M |
| Minority Interest | 2.38M | |||||
| Shareholders' Equity | 60.88M | 70.55M | 75.56M | 61.42M | 41.11M | 36.83M |
| Total Liabilities & Equity | 65.29M | 75.57M | 79.84M | 65.55M | 46.52M | 42.94M |
| Total Debt | 621.00K | 554.00K | 927.00K | 129.00K | 272.00K | 345.00K |
| Net Cash (Debt) | 18.98M | 26.36M | 25.79M | 25.73M | 22.33M | 16.50M |
| Net Cash Per Share | 1.42 | 4.97 | 146.59 | 197.35 | 198.46 | 146.67 |
| Filing Date Shares Outstanding | 16.33M | 16.33M | 761.83K | 136.85K | 132.50K | 112.50K |
| Total Common Shares Outstanding | 16.33M | 16.33M | 494.50K | 132.50K | 112.50K | 112.50K |
| Working Capital | 20.38M | 31.49M | 29.74M | 36.04M | 22.04M | 17.78M |
| Book Value Per Share | 3.73 | 4.32 | 147.99 | 463.55 | 365.41 | 327.40 |
| Tangible Book Value | 29.42M | 61.67M | 57.68M | 55.39M | 36.59M | 32.96M |
| Tangible Book Value Per Share | 1.80 | 3.78 | 116.63 | 418.05 | 325.22 | 293.01 |
| Buildings | 1.94M | 7.45M | 15.98M | 15.94M | 14.99M | 16.20M |
| Machinery | 617.00K | 880.00K | 837.00K | 1.09M | 997.00K | 993.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -24.16M | -21.96M | -6.14M | 8.34M | 7.82M | 8.46M |
| Depreciation & Amortization | 1.51M | 823.00K | 927.00K | 845.00K | 773.00K | 753.00K |
| Other Amortization | 3.47M | 3.47M | 2.06M | 2.15M | 1.96M | 1.79M |
| Loss (Gain) From Sale of Assets | 6.67M | 3.87M | -30.00K | |||
| Asset Writedown & Restructuring Costs | 3.66M | 3.66M | ||||
| Loss (Gain) From Sale of Investments | -3.87M | -20.00K | -6.00K | |||
| Stock-Based Compensation | 314.00K | 314.00K | 3.41M | |||
| Other Operating Activities | 1.00K | 175.00K | 19.00K | |||
| Change in Accounts Receivable | 324.00K | 2.06M | 642.00K | -982.00K | 66.00K | -1.45M |
| Change in Inventory | 67.00K | 19.00K | 38.00K | 11.00K | -126.00K | |
| Change in Accounts Payable | -55.00K | -4.00K | -98.00K | 51.00K | 25.00K | |
| Change in Unearned Revenue | 372.00K | -420.00K | -326.00K | -94.00K | -20.00K | 142.00K |
| Change in Income Taxes | -192.00K | -209.00K | -601.00K | 551.00K | -45.00K | 131.00K |
| Change in Other Net Operating Assets | -9.91M | -9.62M | -5.58M | -10.19M | 154.00K | -2.39M |
| Operating Cash Flow | -21.80M | -17.85M | -5.57M | 557.00K | 10.77M | 7.30M |
| Capital Expenditures | -36.00K | -7.80M | -1.95M | -28.00K | ||
| Sale of Property, Plant & Equipment | 2.08M | 589.00K | ||||
| Cash Acquisitions | -5.33M | -3.96M | ||||
| Divestitures | 4.00K | 1.00M | ||||
| Sale (Purchase) of Intangibles | -721.00K | -5.90M | -2.06M | -892.00K | ||
| Investment in Securities | -417.00K | -1.15M | ||||
| Investing Cash Flow | 944.00K | -5.48M | -9.89M | -9.87M | -2.84M | 561.00K |
| Short-Term Debt Issued | 866.00K | |||||
| Total Debt Issued | 78.00K | 866.00K | ||||
| Short-Term Debt Repaid | -871.00K | -327.00K | ||||
| Total Debt Repaid | -83.00K | -871.00K | -327.00K | |||
| Net Debt Issued (Repaid) | -5.00K | -871.00K | 866.00K | -327.00K | ||
| Issuance of Common Stock | 18.60M | 24.48M | 12.22M | 14.10M | ||
| Financing Cash Flow | 18.59M | 23.61M | 13.09M | 14.10M | -327.00K | |
| Foreign Exchange Rate Adjustments | -709.00K | -83.00K | 3.23M | -1.53M | -1.84M | 315.00K |
| Net Cash Flow | -2.97M | 202.00K | 856.00K | 3.26M | 5.75M | 8.18M |
| Free Cash Flow | -21.80M | -17.85M | -5.61M | -7.25M | 8.82M | 7.28M |
| Free Cash Flow Margin | -106.24% | -72.80% | -13.52% | -18.22% | 26.08% | 21.22% |
| Free Cash Flow Per Share | -1.64 | -3.37 | -31.88 | -55.58 | 78.36 | 64.68 |
| Levered Free Cash Flow | -4.67M | -5.23M | 3.95M | -9.96M | 8.30M | 5.91M |
| Unlevered Free Cash Flow | -4.67M | -5.23M | 3.95M | -9.96M | 8.30M | 5.91M |
| Cash Interest Paid | 1.00K | 15.00K | ||||
| Cash Income Tax Paid | 115.00K | 2.41M | 2.63M | 2.96M | 2.98M | |
| Change in Working Capital | -9.41M | -8.17M | -5.85M | -10.78M | 217.00K | -3.67M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.29M | 46.04M | 12.72M | 52.47M | ||
| Enterprise Value | -9.69M | 23.82M | -21.39M | 33.81M | ||
| Last Close Price | 0.57 | 2.82 | 35.52 | 396.00 | ||
| PE Ratio | 6.29 | |||||
| PS Ratio | 0.45 | 1.88 | 0.31 | 1.32 | ||
| PB Ratio | 0.15 | 0.65 | 0.17 | 0.85 | ||
| P/TBV Ratio | 0.32 | 0.75 | 0.22 | 0.95 | ||
| P/OCF Ratio | 94.20 | |||||
| EV/Sales Ratio | 0.97 | 0.85 | ||||
| EV/EBITDA Ratio | 2.60 | |||||
| EV/EBIT Ratio | 2.76 | |||||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 |
| Debt / EBITDA Ratio | 0.01 | 0.02 | 0.03 | |||
| Debt / FCF Ratio | 0.03 | 0.05 | ||||
| Net Debt / Equity Ratio | -0.31 | -0.37 | -0.34 | -0.42 | -0.54 | -0.45 |
| Net Debt / EBITDA Ratio | 1.15 | 1.92 | 6.88 | -1.98 | -1.97 | -1.37 |
| Net Debt / FCF Ratio | 0.87 | 1.48 | 4.60 | 3.55 | -2.53 | -2.27 |
| Asset Turnover | 0.31 | 0.32 | 0.57 | 0.71 | 0.76 | 0.90 |
| Inventory Turnover | 205.23 | 144.29 | 98.29 | 159.77 | ||
| Quick Ratio | 5.08 | 6.25 | 7.92 | 7.41 | 5.00 | 3.47 |
| Current Ratio | 5.81 | 7.73 | 7.96 | 9.81 | 5.21 | 3.91 |
| Return on Equity (ROE) | -38.61% | -29.82% | -8.94% | 16.27% | 20.06% | 26.25% |
| Return on Assets (ROA) | -16.87% | -11.59% | -3.91% | 13.67% | 14.88% | 18.51% |
| Return on Invested Capital (ROIC) | -42.68% | -30.66% | -10.65% | 32.39% | 39.63% | 41.89% |
| Return on Capital Employed (ROCE) | -29.30% | -20.30% | -6.00% | 19.90% | 25.80% | 30.70% |
| Earnings Yield | -318.71% | -47.70% | -48.27% | 15.89% | ||
| FCF Yield | -234.78% | -38.77% | -44.10% | -13.81% | ||
| Buyback Yield / Dilution | -5,635.25% | -2,914.54% | -34.93% | -15.88% |