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Lichen International Limited Announces Financial Results for Fiscal Year 2025

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Lichen International (Nasdaq: LICN) reported fiscal 2025 results for year ended December 31, 2025: revenue $24.52M (down ~$19.96M or 40.89% vs 2024) and net loss $21.79M (up ~$15.67M or 256.00% vs 2024). The company cited severe price competition and weaker customer payment capacity.

Actions include terminating education support operations in August 2025, shifting to a service + resources + capital model, expanding Pre-IPO advisory work, and increasing AI R&D (tools named Deekseek and OpenClaw).

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Positive

  • Terminated education support operation in August 2025 to refocus business model
  • Shifted to a service + resources + capital model emphasizing consulting, resource connection, and investment
  • Expanded Pre-IPO advisory services and strategic investment activities
  • Increased investment in AI R&D and developing tools such as Deekseek and OpenClaw

Negative

  • Revenue declined by 40.89% to $24.52M in fiscal 2025
  • Net loss widened by 256.00% to $21.79M in fiscal 2025
  • Management cites severe low-price competition and weakened customer payment capacity as drivers of decline

News Market Reaction – LICN

-3.75%
9 alerts
-3.75% Session close to close
-25.1% Trough in 14 min
$81.63M Market Cap
0.4x Rel. Volume

In the Apr 29 session, LICN declined 3.75%, reflecting a moderate negative market reaction. Argus tracked a trough of -25.1% from its starting point during tracking. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement detailed a sharp deterioration in FY 2025 performance, with revenue dropping to $2...
Analysis

This announcement detailed a sharp deterioration in FY 2025 performance, with revenue dropping to $24.52M and net loss increasing to $21.79M amid intense price competition and higher advertising costs. Management emphasized a pivot toward Pre-IPO advisory services and AI-driven tools. Filings also show a Form F-3 shelf for up to $500,000,000, plus prior equity financings, underscoring the importance of tracking future capital-raising activity alongside execution of the new strategy.

Key Figures

Revenue FY 2025: $24.52M Revenue FY 2024: $41.48M Revenue decline: $19.96M (40.89%) +3 more
6 metrics
Revenue FY 2025 $24.52M Year ended December 31, 2025; down from prior year
Revenue FY 2024 $41.48M Year ended December 31, 2024
Revenue decline $19.96M (40.89%) Change from FY 2024 to FY 2025
Net loss FY 2025 $21.79M Year ended December 31, 2025
Net loss FY 2024 $6.12M Year ended December 31, 2024
Net loss increase $15.67M (256.00%) Change from FY 2024 to FY 2025

Key Terms

pre-ipo advisory services, artificial intelligence (ai)
2 terms
pre-ipo advisory services financial
"We actively promote the expansion of Pre-IPO advisory services."
Services provided to private companies as they prepare to become publicly traded, including help with financial reporting, regulatory compliance, valuation, investor communications and the logistics of an offering. Think of it like hiring a team of specialists to get a house ready for sale—fixing paperwork, staging, pricing and marketing—so the company meets legal standards and appeals to investors. For market participants, the use and quality of these advisors can signal how well prepared and lower-risk a forthcoming stock offering may be.
artificial intelligence (ai) technical
"increased investment and deepened R&D in the field of artificial intelligence (AI)."
Artificial intelligence (AI) is the development of computer systems that can perform tasks typically requiring human intelligence, such as understanding language, recognizing patterns, and making decisions. For investors, AI can enhance how businesses analyze data, automate processes, and innovate, potentially leading to increased efficiency and new opportunities in the market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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XIAMEN, China, April 28, 2026 (GLOBE NEWSWIRE) -- Lichen International Limited (Nasdaq: LICN) ("Lichen International" or the "Company"), a dedicated financial and taxation service provider in China today announced its financial results for the fiscal year ended December 31, 2025.

Revenue decreased approximately $19.96 million or 40.89% to approximately $24.52 million for the year ended December 31, 2025, as compared with approximately $41.48 million for the fiscal year ended December 31, 2024. The decrease was primarily due to severe price competition from more consulting service providers transformed from bookkeeping agencies.

The net loss increased by approximately $15.67 million, or 256.00%, to approximately $21.79 million for the year ended December 31, 2025, from approximately $6.12 million for the year ended December 31, 2024.

Mr. Ya Li, Chairman of Lichen International, said, "Over the past two years, we have faced an increasingly fierce market competition landscape: a large number of traditional small-scale financial consulting firms focusing on bookkeeping have entered the market with low-price strategies, directly leading to the continuous deterioration of the industry's competitive environment. Meanwhile, affected by the macroeconomic downturn, customers' payment capacity and willingness have both significantly weakened, further resulting in a decline in the Company's average customer price.

To proactively respond to changes in the market environment and break through development bottlenecks, we have been continuously strengthening brand promotion and investing a large amount of advertising expenses to enhance the popularity of the "Lichen" brand. Meanwhile, we strategically terminated the operation of the education support service in August 2025 — transforming the original "education + consulting" business model into a new "service + resources + capital" model. For emerging industries and high-quality enterprises, the Company is no longer limited to consulting service, but integrates resources and provides precise empowerment. We help enterprises achieve rapid growth by providing diversified services such as professional consulting, resource connection, and strategic investment. We actively promote the expansion of Pre-IPO advisory services. We assist listed companies acquire high-quality assets and optimize their business structure and help potential IPO projects develop in a standardized manner and ultimately obtains reasonable returns through investment layout.

The Company's core advantages lie in accurately gaining insight into the fundamentals of enterprises through in-depth services, accurately analyzing their investment value, and realizing efficient linkage between services and investment.

Over the past two years, the Company has continuously increased investment and deepened R&D in the field of artificial intelligence (AI). We have deeply integrated AI technology with our profound understanding of enterprise needs and industry knowledge, kept pace with industry technological trends, and continuously applied cutting-edge AI technologies such as Deekseek and OpenClaw. We are developing a number of practical tools, including financial and tax diagnosis system, enterprise valuation system, entrepreneur decision support system. We firmly believe that through continuous in-depth cultivation and investment in the AI field, we will achieve breakthrough in revenue growth and new customer acquisition, and further consolidate our industry competitiveness.”

About Lichen International Limited

Lichen International Limited focuses on providing (i) financial and taxation solution services; (ii) education support services; (iii) software and maintenance services and (iv) Pre-IPO advisory services in the PRC under our “Lichen” brand. In recognition of the Company's expertise and experience in the financial and taxation solution services industry for over 20 years, the Company has built up its reputation as a dedicated financial and taxation solution services provider of professional and high-quality services in China. For more information, please visit the Company's website: https://ir.lichenzx.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Tian Sun
Phone: +86-592-5586999
Email: ir@lichenzx.com


FAQ

What were Lichen International's fiscal 2025 revenue and net loss (LICN)?

Lichen International reported $24.52M revenue and a $21.79M net loss for fiscal 2025. According to the company, revenue fell ~40.89% and net loss rose ~256.00% versus 2024, driven by pricing pressure and weaker customer payments.

Why did LICN's revenue fall sharply in fiscal 2025?

The company attributes the decline to severe price competition and weaker customer payment capacity. According to the company, bookkeeping firms entered the market with low-price strategies, reducing average customer price and revenues.

What strategic changes did Lichen International announce in 2025 (LICN)?

Lichen terminated its education support operation in August 2025 and shifted to a service + resources + capital model. According to the company, it is expanding Pre-IPO advisory and strategic investment services.

How is LICN using AI to support its turnaround plans?

Lichen says it increased AI R&D investment and is developing tools like Deekseek and OpenClaw. According to the company, these tools include financial diagnosis, valuation, and decision-support systems to drive customer acquisition.

Will LICN's shift to Pre-IPO advisory affect shareholders soon?

The company is actively expanding Pre-IPO advisory and investment services to acquire assets and support IPO projects. According to the company, this is part of a strategy to generate returns and optimize business structure.