Quick Answer
Token Cat Ltd reported R&D Expense of $11.89 million for fiscal year 2024.
Token Cat Ltd R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $11.89M | +5.5% |
| 2023 | $11.27M | -43.1% |
| 2022 | $19.80M | -44.5% |
| 2021 | $35.65M | +4.0% |
| 2020 | $34.27M | -20.9% |
| 2019 | $43.34M | +125.0% |
| 2018 | $19.26M | +21.0% |
| 2017 | $15.93M | -18.7% |
| 2016 | $19.58M | — |
- Token Cat Ltd showed an increase of +5.5% in R&D Expense compared to the prior fiscal year.
- Over the 2016–2024 period, Token Cat Ltd’s r&d expense has declined by 39.3% (from $19.58 million to $11.89 million).
- The most recent figure is from Token Cat Ltd’s fiscal year 2024 report (Form 20-F), filed with the SEC on March 28, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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