CooTek(Cayman)Inc.

CIK:0001734262|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Net revenues	$ 21,712,720	$ 30,318,816	$ 31,976,268
Cost of revenues (including share-based compensation expense of US$21,434, US$20,456 and US$8,160 in 2023, 2024 and 2025, respectively)	(6,472,133)	(8,762,910)	(6,035,768)
Gross profit	15,240,587	21,555,906	25,940,500
Operating expenses:
General and administrative expenses (including share-based compensation expense of US$512,837, US$53,290 and US$5,532 in 2023, 2024 and 2025, respectively)	(2,253,979)	(2,990,392)	(4,384,720)
Research and development expenses (including share-based compensation expense of US$180,355, US$60,297 and US$24,033 in 2023, 2024 and 2025, respectively)	(3,530,046)	(3,818,394)	(7,210,687)
Sales and marketing expenses (including share-based compensation expense of US$(10,061), US$517 and nil in 2023, 2024 and 2025, respectively)	(9,778,603)	(15,056,063)	(17,674,610)
Other operating income, net	283,252	462,284	793,685
Total operating expenses	(15,279,376)	(21,402,565)	(28,476,332)
(Loss) income from operations	(38,789)	153,341	(2,535,832)
Interest (expenses) income, net	(30,911)	(65,742)	(28,443)
Foreign exchange (loss) gain, net	(5,628)	(15,034)	(10,829)
Income (loss) before income taxes	(75,328)	72,565	(2,575,104)
Income tax expenses	(2,851)	(8,996)	(20,837)
Net (loss) income	(78,179)	63,569	(2,595,941)
Net (loss) income attributable to ordinary shareholders	$ (78,179)	$ 63,569	$ (2,595,941)
Net (loss) income per ordinary share:
Basic (in dollars per share)	$ (0.00002)	$ 0.00001	$ (0.0005)
Diluted (in dollars per share)	$ (0.00002)	$ 0.00001	$ (0.0005)
Weighted average shares used in calculating net loss per ordinary share:
Basic (in shares)	4,837,255,456	4,837,255,456	4,837,255,456
Diluted (in shares)	4,837,255,456	4,858,518,429	4,837,255,456
In-app purchase revenues
Net revenues	$ 14,064,545	$ 19,510,797	$ 6,470,995
Advertising revenue
Net revenues	6,605,671	8,760,291	22,822,094
Other revenues
Net revenues	$ 1,042,504	$ 2,047,728	$ 2,683,179
ADS
Net (loss) income per ordinary share:
Basic (in dollars per share)	$ (0.01)	$ 0.01	$ (0.35)
Diluted (in dollars per share)	$ (0.01)	$ 0.01	$ (0.35)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net (loss) income	$ (78,179)	$ 63,569	$ (2,595,941)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	22,321	50,635	379,539
Provision (reversal) for credit losses	294,579	47,801	(90,526)
Share-based compensation expense	37,725	134,560	704,565
Amortization of issuance cost and debt discounts related to convertible notes			51,797
Gain on disposal of property and equipment	(14,421)	(24,985)	(386,915)
Noncash lease expense	259,375	288,393	298,002
Changes in assets and liabilities:
Accounts receivable	1,097,577	(575,624)	2,687,831
Prepaid expenses and other current assets	439,898	1,909,177	1,090,622
Other non-current assets	(87,515)	163,909	(106,459)
Accounts payable	(1,209,937)	(1,046,189)	(3,613,124)
Accrued salary and benefits	(201,368)	(357,485)	(2,831,392)
Accrued expenses and other current liabilities	(88,473)	(914,964)	(2,175,269)
Operating lease liabilities	(243,548)	(311,306)	(322,991)
Deferred revenue	(305,323)	359,042	485,700
Other non-current liabilities		(73,319)	(136,118)
Net cash used in operating activities	(77,289)	(286,786)	(6,560,679)
Cash flows from investing activities:
Purchases of property and equipment and intangible assets	(60,280)		(76,458)
Proceeds from disposal of property and equipment	15,138	30,002	1,022,200
Proceeds from reclaim of short-term investments		50,074
Proceeds from reclaim of long-term investments		809	14,314
Net cash provided by (used in) investing activities	(45,142)	80,885	960,056
Cash flows from financing activities:
Proceeds from short-term borrowings	2,017,682	2,536,290	1,422,613
Repayment of short-term borrowings	(2,507,365)	(704,220)	(1,573,396)
Repayment of convertible notes			(1,806,453)
Net cash (used in) provided by financing activities	(489,683)	1,832,070	(1,957,236)
Net (decrease) increase in cash, cash equivalents, and restricted cash	(612,114)	1,626,169	(7,557,859)
Cash, cash equivalents, and restricted cash at beginning of year	4,159,290	2,476,571	9,785,131
Effect of exchange rate changes on cash, cash equivalents and restricted cash	39,608	56,550	249,299
Cash, cash equivalents, and restricted cash at end of year	3,586,784	4,159,290	2,476,571
Supplemental disclosure of cash flow information:
Income taxes paid	2,851	8,996	26,736
Interest paid	46,910	73,295	86,893
Cash paid for amounts included in the measurement of operating lease liabilities	289,201	$ 351,581	$ 409,100
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$ 370,715

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 3,492,812	$ 4,119,090
Restricted cash	93,972	40,200
Accounts receivable, net of allowance for credit losses of US$89,130 and US$49,916 as of December 31, 2024 and 2025, respectively	1,802,899	2,860,537
Prepaid expenses and other current assets	712,696	1,449,369
Total current assets	6,102,379	8,469,196
Property and equipment, net	78,954	50,152
Operating lease right-of-use assets	292,070	176,718
Long-term investments	259,197	253,443
Other non-current assets	123,223	35,534
TOTAL ASSETS	6,855,823	8,985,043
Current liabilities (including amounts of the consolidated VIEs without recourse to the Company. See Note 2(b)):
Accounts payable	2,186,068	3,460,424
Short-term borrowings	2,062,941	2,504,034
Accrued salary and benefits	585,898	776,118
Operating lease liabilities, current	137,339	162,589
Accrued expenses and other current liabilities	1,177,992	1,196,334
Deferred revenue	697,666	1,002,579
Total current liabilities	6,847,904	9,102,078
Operating lease liabilities, non-current	156,108
TOTAL LIABILITIES	7,004,012	9,102,078
Commitments and contingencies
Shareholders' deficit:
Additional paid-in capital	218,417,583	218,379,858
Accumulated deficit	(216,937,975)	(216,859,796)
Accumulated other comprehensive loss	(1,676,169)	(1,685,469)
Total shareholders' deficit	(148,189)	(117,035)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	6,855,823	8,985,043
Class A
Shareholders' deficit:
Ordinary shares	45,910	45,910
Class B
Shareholders' deficit:
Ordinary shares	$ 2,462	$ 2,462