Business
Lichen International Limited Announces Financial Results for Fiscal Year 2025
XIAMEN, China, April 28, 2026 (GLOBE NEWSWIRE) -- Lichen International Limited (Nasdaq: LICN) ("Lichen International" or the "Company"), a dedicated financial
About this update from Lichen International Limited
[{"type":"text","content":"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 optimi...