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Side-by-side financial comparison of EUDA Health Holdings Ltd (EUDA) and Token Cat Ltd (TC). Click either name above to swap in a different company.

Token Cat Ltd is the larger business by last-quarter revenue ($2.8M vs $1.7M, roughly 1.6× EUDA Health Holdings Ltd). Token Cat Ltd runs the higher net margin — -3.4% vs -142.1%, a 138.8% gap on every dollar of revenue.

EUDA Health Holdings Ltd is a digital health enterprise focused on evidence-based mental wellness solutions. It offers AI-powered mental health assessment tools, therapy matching services, and personalized care programs, primarily serving consumer and corporate clients across the Asia-Pacific region with core segments including mental health screening, employee wellness programs and consumer mental support platforms.

EUDA vs TC — Head-to-Head

Bigger by revenue
TC
TC
1.6× larger
TC
$2.8M
$1.7M
EUDA
Higher net margin
TC
TC
138.8% more per $
TC
-3.4%
-142.1%
EUDA

Income Statement — Q1 FY2023 vs Q2 FY2025

Metric
EUDA
EUDA
TC
TC
Revenue
$1.7M
$2.8M
Net Profit
$-2.4M
$-93.0K
Gross Margin
23.8%
79.0%
Operating Margin
-116.4%
-206.9%
Net Margin
-142.1%
-3.4%
Revenue YoY
-37.9%
Net Profit YoY
-973.7%
98.3%
EPS (diluted)
$-0.12

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EUDA
EUDA
TC
TC
Q2 25
$2.8M
Q2 24
$4.4M
Q2 23
$12.7M
Q1 23
$1.7M
Q2 22
$13.3M
Net Profit
EUDA
EUDA
TC
TC
Q2 25
$-93.0K
Q2 24
$-5.6M
Q2 23
$-4.2M
Q1 23
$-2.4M
Q2 22
$-8.4M
Gross Margin
EUDA
EUDA
TC
TC
Q2 25
79.0%
Q2 24
69.2%
Q2 23
63.4%
Q1 23
23.8%
Q2 22
81.0%
Operating Margin
EUDA
EUDA
TC
TC
Q2 25
-206.9%
Q2 24
-146.9%
Q2 23
-59.9%
Q1 23
-116.4%
Q2 22
-49.6%
Net Margin
EUDA
EUDA
TC
TC
Q2 25
-3.4%
Q2 24
-125.9%
Q2 23
-33.3%
Q1 23
-142.1%
Q2 22
-62.9%
EPS (diluted)
EUDA
EUDA
TC
TC
Q2 25
Q2 24
Q2 23
Q1 23
$-0.12
Q2 22
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EUDA
EUDA
TC
TC
Cash + ST InvestmentsLiquidity on hand
$837.3K
$150.0K
Total DebtLower is stronger
$1.4M
Stockholders' EquityBook value
$-6.0M
$4.6M
Total Assets
$25.5M
$28.4M
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EUDA
EUDA
TC
TC
Q2 25
$150.0K
Q2 24
$689.0K
Q2 23
$3.0M
Q1 23
$837.3K
Q2 22
$4.8M
Total Debt
EUDA
EUDA
TC
TC
Q2 25
$1.4M
Q2 24
$1.8M
Q2 23
Q1 23
Q2 22
Stockholders' Equity
EUDA
EUDA
TC
TC
Q2 25
$4.6M
Q2 24
$-787.0K
Q2 23
$9.1M
Q1 23
$-6.0M
Q2 22
$21.4M
Total Assets
EUDA
EUDA
TC
TC
Q2 25
$28.4M
Q2 24
$12.5M
Q2 23
$25.1M
Q1 23
$25.5M
Q2 22
$40.6M
Debt / Equity
EUDA
EUDA
TC
TC
Q2 25
0.30×
Q2 24
Q2 23
Q1 23
Q2 22

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EUDA
EUDA
TC
TC
Operating Cash FlowLast quarter
$-469.9K
$-23.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EUDA
EUDA
TC
TC
Q2 25
$-23.7M
Q2 24
$-1.5M
Q2 23
$-7.2M
Q1 23
$-469.9K
Q2 22
$-8.3M
Free Cash Flow
EUDA
EUDA
TC
TC
Q2 25
Q2 24
$-1.5M
Q2 23
Q1 23
Q2 22
$-8.3M
FCF Margin
EUDA
EUDA
TC
TC
Q2 25
Q2 24
-34.4%
Q2 23
Q1 23
Q2 22
-62.2%
Capex Intensity
EUDA
EUDA
TC
TC
Q2 25
Q2 24
0.0%
Q2 23
Q1 23
Q2 22
0.1%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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