GCT Semiconductor Holding, Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data GCT Semiconductor Holding, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2023
FY2024
FY2025
Revenue
16
9.13
2.87
Cost of revenue
9.29
4.05
4.68
Gross profit
6.73
5.08
-1.82
Research and development
10.7
17.3
14
Selling and marketing
3.19
3.92
4.24
General and administrative
7.39
10.8
16.5
Operating income
-1.17
-14.6
-13.1
-36.5
Interest expense
6.25
3.87
6.03
Interest income
5.09
6.8
Other non-operating income
26.4
4.26
0.21
0.02
Pre-tax income
25.3
-21.9
-11.9
-42.5
Income tax
1
0.54
0.45
0.9
Net income
24.3
-22.5
-12.4
-43.4
EBITDA
-13.5
-12.4
-35.8
EPS, basic
-0.94
-0.30
-0.82
EPS, diluted
-0.94
-0.30
-0.82
Shares, basic (weighted)
24
40.6
52.9
Shares, diluted (weighted)
24
40.6
52.9
Balance sheet
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.52
0.26
1.44
0.59
Short-term investments
352
Receivables
4.92
5.74
2.6
Inventory
1.49
2.98
0.95
Other current assets
0.33
0.12
0.07
0.05
Total current assets
0.85
13
17.6
11.9
Property, plant and equipment
0.77
0.87
2.67
Lease right-of-use assets
1.52
0.85
0.71
Intangible assets
0.25
0.07
0
Other non-current assets
0.88
0.52
0.38
Total assets
357
16.4
19.9
15.6
Accounts payable
0.08
17.8
1.03
0.63
Accrued liabilities
0
1.24
Deferred revenue
0.05
0.05
0
Short-term debt
72.3
37.6
56.6
Total current liabilities
0.57
115
60.9
79.6
Long-term debt
6.24
4.95
6.05
Lease liabilities
0.85
0.18
0.04
Other non-current liabilities
0.11
0.29
0.53
Total liabilities
15.5
132
79.2
98.9
Total debt
79.9
42.6
62.6
Paid-in capital
436
501
521
Retained earnings
-14.1
-550
-562
-605
Other comprehensive income
-1.54
1.52
1.18
Shareholders' equity
-94.9
-115
-59.3
-83.3
Total equity
-94.9
-115
-59.3
-83.3
Total liabilities and equity
357
16.4
19.9
15.6
Shares outstanding
24.2
48
58.1
Cash flow statement
FY2022
FY2023
FY2024
FY2025
Net income
24.3
-22.5
-12.4
-43.4
Depreciation and amortization
1.06
0.69
0.74
Stock-based compensation
0.04
2.7
6.33
Deferred income tax
0
0
0
Change in receivables
-1.56
-0.34
0.33
Change in inventory
1.99
-1.49
2.03
Change in payables
-0.23
Cash from operations
-1.52
-8.83
-31
-30.7
Capital expenditures
-0.33
-0.54
-2.41
Cash from investing
0.82
-0.33
-0.54
-2.41
Debt issued
8.15
11.9
21.8
Debt repaid
-1.5
-14.1
-3.68
Stock issued
0.02
8.53
0.19
Share buybacks
-318
Cash from financing
8.15
36.5
32.2
Net change in cash
-0.69
-1.14
1.18
-0.85
Free cash flow
-9.16
-31.5
-33.1
Interest paid
2.26
5.15
5.94
Income taxes paid
0.12
0.27
0.32
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $2.23 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
-38.3%
Gross profit / revenue.
Operating margin
-852.0%
Operating income / revenue.
EBITDA margin
-828.4%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-1,278.0%
Pre-tax income / revenue.
Net margin
-1,302.0%
Net income / revenue.
FCF margin
-996.8%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-933.3%
Cash from operations / revenue.
Return on assets (ROA)
-106.6%
Net income / average total assets.
R&D / revenue
315.2%
Research and development expense / revenue.
Stock-based pay / revenue
149.4%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
63.4%
Capital expenditures / revenue.
D&A / revenue
23.6%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-68.6%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
-135.8%
Gross profit vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-21.4%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-64.7%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
30.1%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.82x
Current assets / current liabilities.
Quick ratio
0.55x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.53x
(Cash + short-term investments) / current liabilities.
Debt / assets
110.5%
Total debt / total assets.
Liabilities / assets
204.4%
Total liabilities / total assets.
Net debt
$24.9M
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.64
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.05
Revenue / diluted weighted shares.
FCF per share
-$0.49
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.46
Cash from operations / diluted weighted shares.
Book value per share
-$0.57
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
50.3x
Market cap / revenue.
EV/Sales
56.4x
Enterprise value / revenue.
FCF yield
-19.8%
Free cash flow / market cap.
Earnings yield
-25.9%
Net income / market cap (the inverse of P/E).
What was GCT Semiconductor Holding, Inc.'s revenue in fiscal 2025?
GCT Semiconductor Holding, Inc. reported revenue of $2.9M for fiscal 2025, 68.6% lower than the year before.
Was GCT Semiconductor Holding, Inc. profitable in fiscal 2025?
No. It reported a net loss of $43.4M.
How much free cash flow did GCT Semiconductor Holding, Inc. generate in fiscal 2025?
Cash from operations of $30.7M minus capital expenditures of $2.4M left free cash flow of -$33.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.