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LICN on Nasdaq

Lichen International Ltd

Lichen International Ltd is a management consulting services company in the Cayman Islands.1 It is headquartered in Fujian Province, China.1 Its shares trade on Nasdaq under the symbol LICN.1

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Last updated Oct 21, 2026.

Overview

$809.0KRevenue, fiscal 20252
-$22.0MNet income, fiscal 20252

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  • TickerLICN on Nasdaq1
  • IndustryServices-Management Consulting Services1
  • HeadquartersFujian Province, China1
  • Incorporated inCayman Islands3
  • Business addressB2306, Block B Tower 3,, Jinjiang Wanda Plaza Commercial Complex, Jinjiang City, Fujian Province, F4 000003
  • Filer categoryNon-accelerated filer, Emerging growth company3

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Direct Offering, before deducting placement agent fees and estimated offering expenses.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

1129.4%Gross margin2
-2233.5%Operating margin2
-2714.7%Net margin2
-31.1%Return on equity2
-$17.8MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue100¢$15.4M

Out of $809.0K in revenue.2 The company lost money this year.

Financial statements

Revenue52$809.0K in 2025−97% since 2020
0$10.0M$20.0M$30.0M2020: $23.3M$23.3M20202021: $26.5M$26.5M2021+14%2022: $26.3M$26.3M2022−1%2023: $0$020232024: $0$020242025: $809.0K$809.0K2025
Gross profit5672$9.1M in 2025−51% since 2020
0$10.0M$20.0M$30.0M2020: $18.8M$18.8M20202021: $20.5M$20.5M2021+9%2022: $20.2M$20.2M2022−1%2023: $24.3M$24.3M2023+20%2024: $25.7M$25.7M2024+6%2025: $9.1M$9.1M2025−64%
Operating income5672-$18.1M in 2025
-$20.0M-$10.0M0$10.0M$20.0M2020: $8.8M$8.8M20202021: $11.3M$11.3M2021+29%2022: $10.6M$10.6M2022−6%2023: $12.3M$12.3M2023+15%2024: -$4.6M-$4.6M20242025: -$18.1M-$18.1M2025+297%
Net income5672-$22.0M in 2025
-$30.0M-$20.0M-$10.0M0$10.0M2020: $6.4M$6.4M20202021: $8.5M$8.5M2021+32%2022: $7.8M$7.8M2022−8%2023: $8.3M$8.3M2023+7%2024: -$6.1M-$6.1M20242025: -$22.0M-$22.0M2025+258%
Fiscal year2019202020212022202320242025
Revenue$23.3M5$26.5M5$26.3M5$02$02$809.0K2
Cost of revenue$11.8M5$13.8M6$13.6M7$15.4M2$15.8M2$15.4M2
Gross profit$18.8M5$20.5M6$20.2M7$24.3M2$25.7M2$9.1M2
Operating expenses$9.2M6$9.5M7$12.1M2$30.2M2$27.2M2
Operating income$8.8M5$11.3M6$10.6M7$12.3M2-$4.6M2-$18.1M2
Income before tax$11.5M6$10.7M7$11.6M2-$4.2M2-$21.8M2
Income tax$2.6M5$3.1M6$2.9M7$3.2M2$1.9M2$02
Net income$6.4M5$8.5M6$7.8M7$8.3M2-$6.1M2-$22.0M2
Earnings per share$0.285$0.386$69.507$63.962-$34.792-$4.112
Earnings per share (diluted)$0.285$0.386$69.507$63.962-$34.792-$4.112
Shares (weighted, basic)22.5M shares6112.5K shares7130.4K shares2175.9K shares25.3M shares2
Shares (weighted, diluted)22.5M shares6112.5K shares7130.4K shares2175.9K shares25.3M shares2

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Corporate structure

Lichen International Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Lichen International Ltd

  • Lichen International Ltd Fujian Province, China

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Lichen International Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$10.2M2 Dec 31, 2025$18.7M2 Dec 31, 2024−45.3%
Accumulated depreciation$3.2M2 Dec 31, 2025$5.0M2 Dec 31, 2024−36.1%
Property and equipment, net$7.0M2 Dec 31, 2025$13.7M2 Dec 31, 2024−48.6%
Operating-lease assets (leased space)$554.0K2 Dec 31, 2025$61.0K2 Dec 31, 2024+808.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$26.9M2 Dec 31, 2025$26.7M2 Dec 31, 2024+0.8%
Long-term investments$1.7M2 Dec 31, 2025$145.0K2 Dec 31, 2024+1087.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$791.0K2 Dec 31, 2025$4.5M2 Dec 31, 2024−82.2%
Intangible assets, net (excluding goodwill)$8.1M2 Dec 31, 2025$11.1M2 Dec 31, 2024−26.8%
Accumulated amortization$14.8M2 Dec 31, 2025$11.4M2 Dec 31, 2024+29.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$02 Dec 31, 2025$67.0K2 Dec 31, 2024−100.0%

Former names

  • Lichen China LtdAug 12, 2021 to Feb 28, 20253

Filings

106 filings to the SEC since October 2021: 4 annual reports, 6 large holders, 96 other. The latest 20:

  1. Oct 15, 20266-K/A EDGAR
  2. Oct 13, 20266-K EDGAR
  3. Sep 30, 20266-K EDGAR
  4. Apr 28, 202620-F EDGAR
  5. Jan 7, 20266-K EDGAR
  6. Dec 11, 20256-K EDGAR
  7. Dec 10, 2025EFFECT EDGAR
  8. Dec 8, 2025CORRESP EDGAR
  9. Dec 2, 2025F-3 EDGAR
  10. Nov 7, 2025S-8 EDGAR
  11. Nov 7, 20256-K EDGAR
  12. Sep 19, 20256-K EDGAR
  13. Sep 19, 20256-K EDGAR
  14. Sep 10, 20256-K EDGAR
  15. Apr 29, 202520-F ANNUAL REPORT EDGAR
  16. Apr 4, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. Mar 20, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  18. Feb 28, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  19. Feb 26, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  20. Feb 18, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 106 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Lichen International Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLichen International Ltd1
  • CIK0001876766
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)8742 Services-Management Consulting Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressB2306, Block B Tower 3,, Jinjiang Wanda Plaza Commercial Complex, Jinjiang City, Fujian Province, F4 000001
  • Phone(86) 40083500881
  • Shares outstanding16,216,825 Common Class A shares; 110,000 Common Class B shares as of Dec 31, 20254
  • AuditorEnrome LLP, Singapore PCAOB ID 6907; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceAug 12, 20211
  • Filings108 in all: 6-K (35), CORRESP (17), UPLOAD (10), F-1/A (6), 424B5 (5), 20-F (4), DRS/A (4), DRSLTR (4)1
    All 21 form types

    EFFECT (3), F-3 (3), SCHEDULE 13G (3), SCHEDULE 13G/A (3), FWP (2), S-8 (2), 424B4 (1), 6-K/A (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), RW (1)

  • Latest filingsAnnual report (20-F) Apr 28, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary shares, par value $0.008 per shareLICNNasdaq Stock Market LLC

From the cover page of the 20-F filed Apr 28, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

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