Earnings ·
Lichen International reports $11.55M net loss as revenues decline 28% to $10.26M
LICNLichen International Ltd
Lichen International Limited reported a net loss of $11.55 million for the six months ended June 30, 2026, compared to a $9.18 million loss in the prior year period. Total revenues declined 28% to $10.26 million from $14.26 million, driven by a $3.53 million drop in financial and taxation solution services as the company shifted strategy toward Pre-IPO advisory services, which saw revenue increase 59% to $0.94 million. The company also terminated its education support services line. Operating expenses rose significantly due to increased amortization of capitalized AI software and higher board compensation, resulting in an operating loss of $8.72 million. Additionally, the firm recorded a $2.80 million loss on the disposal of Shanghai real estate. Lichen International Limited operates in the financial technology and professional services industry, providing AI-driven financial solutions, tax consulting, and Pre-IPO advisory.