Lichen International Limited (LICN)

Nasdaq: LICN · Services-Management Consulting Services · Jinjiang City, Fujian Province, CN · filing with the SEC since 2021

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Grade2.7

◀ Past 3.2● Present 2.2▶ Future 2.7

4 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Lichen International Limited

Nine metrics read from its own filings, by tense

Headline grade

2.7/10

◀ Past3.240% of the headline

● Present2.235% of the headline

▶ Future2.725% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 5 read as filed from the record and 4 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

7.6/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 33% of this tense · 76th percentile among 33 sector filers · read for itself

From the record

Lichen International Limited's filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

1.4/10

What has it actually done, year after year?

-51.7% a year over 6 filed years; profitable in 4 of 6.

weight 45% of this tense · 14th percentile among 31 sector filers · read for its customers

From the record

Lichen International Limited's 6 filed years say what it did: revenue went from $31 million in fiscal 2020 to $809 thousand in fiscal 2025, down 51.7% a year; it rose in 1 of 3 years; the deepest fall was 100% from fiscal 2021 to fiscal 2023; net income was positive in 4 of 6 of those years (its annual reports).

What it rests on

revenue growth over the filed span-51.7%bottom 2% of its family
the share of years revenue rosebottom 16% of its family
the share of filed years with a profitbottom 34% of its family
the deepest fall from a revenue peak100.0%bottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

0.1/10

How has it treated the people who own it?

SI estimate 0.1/10, confidence 35 of 100 (one part).

weight 22% of this tense · 2nd percentile among 33 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 2% of 33 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 33 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Lichen International Limited's shareholder treatment is put at 0.1 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 2% of 33 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.2/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

3.1/10

Is it financially healthy right now?

ROE -31%: lost 31¢ per shareholder dollar. Leverage 7%: owes 7¢ per asset dollar.

weight 33% of this tense · 31st percentile among 31 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Lichen International Limited lost about 31 cents for every dollar of shareholders' money, and gross profitability: its products earned about 12 cents per dollar of everything the company owns. Leverage: it owed about 7 cents per dollar of assets, and net share issuance: its share count grew 2914.5% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 18% of its family
return on equitybottom 26% of its family
gross profit against assetsbottom 15% of its family
the share count against the year beforebottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

0.4/10

How strong is its position in its industry?

bottom 4% of 33 in its family; net margin -2714.7%.

weight 45% of this tense · 4th percentile among 33 sector filers · read for its customers

From the record

Lichen International Limited's standing among 33 graded names in its industry family: revenue of $809 thousand in fiscal 2025 ranks in the bottom 5% by size; a net margin of -2714.7% ranks in the bottom 5%; revenue growth of -71.2% a year over the last 3 filed years ranks in the bottom 2% (its annual reports).

What it rests on

revenue against the family$809,000bottom 5% of its family
net margin-2714.7%bottom 5% of its family
three-year revenue growth-71.2%bottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.7/10

What are the people in charge doing?

SI estimate 4.7/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 20 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 20 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 20 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Lichen International Limited's leadership is put at 4.7 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 20 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

2.7/1025% of the headline grade · 1 of 3 filed, 2 estimated

Room to expand

as filed

5.8/10

How much room does it have to grow?

top 42% of 32 in its family for room to expand.

weight 33% of this tense · 58th percentile among 32 sector filers · read for itself

From the record

Lichen International Limited's room to grow, from the newest filed statements (fiscal 2025): cash of $27 million against no long-term debt tagged leaves 35.6% of its assets as net cash, top 26% of its family; cash from operations less capital spending is -2206.3% of revenue (bottom 2%); a gross margin of 1129.4% (top 2%) (its annual report).

What it rests on

cash less debt against assets35.6%top 26% of its family
cash from operations less capital spending against revenue-2206.3%bottom 2% of its family
gross margin1129.4%top 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

SI estimate

1.8/10

What could actually drive growth from here?

SI estimate 1.8/10, confidence 35 of 100 (one part).

weight 33% of this tense · 18th percentile among 31 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, three-year growth against the whole span, which ranks in the bottom 18% of 31 in its family; the record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending.
What the record cannot read: The record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending.
How it was reasoned: one part: three-year growth against the whole span, the one part on file, ranked among 31 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Lichen International Limited's growth drivers is put at 1.8 of 10 with a confidence of 35 of 100, because read from one part only, three-year growth against the whole span, which ranks in the bottom 18% of 31 in its family; the record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending. A filing that carries the missing parts replaces this estimate with the filed reading.

Expectations vs reality

SI estimate

0.6/10

Did its newest year beat what its own record pointed to?

SI estimate 0.6/10, confidence 35 of 100 (one part).

weight 33% of this tense · 6th percentile among 27 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, net income against the prior three years' average, which ranks in the bottom 6% of 27 in its family; the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
What the record cannot read: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned: one part: net income against the prior three years' average, the one part on file, ranked among 27 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Lichen International Limited's expectations vs reality is put at 0.6 of 10 with a confidence of 35 of 100, because read from one part only, net income against the prior three years' average, which ranks in the bottom 6% of 27 in its family; the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change. A filing that carries the missing parts replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton LICN · research, not advice