tradmap

LICN Financials Lichen International Ltd

6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 51.7% per year over the past 5 years.
  • Operating margin has contracted, at -2233.5% in the latest year.

Financial health

  • The company is unprofitable; at its current free-cash-flow burn it has roughly 1.5 years of cash runway.
Revenue & net income
-$22M $6M $34M $0 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-2715% -793% 1129% 0% 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-31% -4% 23% 0% 2020 2021 2022 2023 2024 2025
ROEROA
Free cash flow (CFO − capex)
-$18M -$5M $9M $0 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $13M $27M 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$18M $3M $24M $0 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $809000 -$22M 1129.4% -2233.5% -31.1% -29.1% -$18M — $27M
2024 $0 -$6M — — -8.4% -7.7% -$6M — $27M
2023 $0 $8M — — 13.6% 12.7% -$3M — $26M
2022 $34M $8M 59.7% 31.5% 19.0% 16.8% $9M — $23M
2021 $34M $8M 59.7% 32.9% 23.0% 19.7% $7M — $17M
2020 $31M $6M 61.4% 28.7% 23.2% — — — —

Valuation over time

How the market has priced LICN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 185.6 371.2 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 42.9 85.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is LICN growing its revenue and profit?

Over the past 5 years, Lichen International Ltd's revenue has declined 51.7% per year. These are computed facts, not advice.

How much debt does LICN have?

As of FY2025, Lichen International Ltd reported — of total debt against $27M of cash.

What is LICN's profit margin?

In FY2025, gross margin was 1129.4%, operating margin -2233.5%, and net margin -2714.7%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.