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GCTS

GCT Semiconductor Holding, Inc.

GCTS

GCT Semiconductor Holding, Inc. • NYSE
$1.32 ▲ 0.00% (+0.00)
Market Cap $75.37 M
52w High $2.81
52w Low $0.90
Dividend Yield 0%
P/E -1.69
Volume 91.85K
Outstanding Shares 57.10M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $430K ▼ $8.204M ▲ $-13.849M ▼ -3.221K% ▼ $-0.25 ▲ $-11.542M ▲
Q2-2025 $1.182M ▲ $7.97M ▲ $-13.538M ▼ -1.145K% ▲ $-0.26 ▼ $-11.628M ▼
Q1-2025 $496K ▼ $7.828M ▼ $-6.968M ▼ -1.405K% ▼ $-0.15 ▼ $-5.452M ▼
Q4-2024 $1.785M ▼ $7.943M ▲ $-4.972M ▲ -278.543% ▼ $-0.11 ▲ $-4.022M ▲
Q3-2024 $2.61M $7.538M $-7.121M -272.835% $-0.16 $-6.128M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $8.343M ▲ $24.275M ▲ $104.424M ▲ $-80.149M ▼
Q2-2025 $1.266M ▲ $17.619M ▲ $87.595M ▲ $-69.976M ▼
Q1-2025 $1.039M ▼ $17.476M ▼ $83.102M ▲ $-65.626M ▼
Q4-2024 $1.435M ▼ $19.897M ▼ $79.212M ▼ $-59.315M ▼
Q3-2024 $1.812M $22.621M $80.872M $-58.251M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-13.849M ▼ $-6.863M ▲ $-934K ▼ $14.938M ▲ $7.077M ▲ $-7.797M ▲
Q2-2025 $-13.538M ▼ $-8.638M ▼ $-91K ▲ $8.431M ▲ $227K ▲ $-8.729M ▼
Q1-2025 $-6.968M ▼ $-7.951M ▼ $-118K ▲ $7.697M ▲ $-396K ▼ $-8.069M ▼
Q4-2024 $-4.972M ▲ $-2.268M ▲ $-357K ▼ $4.877M ▲ $-377K ▲ $-2.625M ▲
Q3-2024 $-7.121M $-4.627M $-54K $3.736M $-2.223M $-4.681M

Five-Year Company Overview

Income Statement

Income Statement GCT looks like a company still in the very early commercial stage. Reported revenue is extremely small and has stayed that way for several years, so the business model is not yet proven at scale. The company does generate some gross profit, but operating costs more than offset it, leading to ongoing operating losses. Net results also swing around, which suggests that one‑off items or accounting adjustments can materially affect reported earnings because the underlying business is still so small. Overall, profitability is not established, and the income statement reflects a development‑stage company investing ahead of meaningful sales.

Balance Sheet

Balance Sheet The balance sheet appears weak and has deteriorated over time. The asset base has shrunk sharply, and reported equity has moved from positive to clearly negative, which means liabilities are larger than the company’s book value of assets. Debt now stands above the asset level, signaling high financial leverage relative to the size of the business. The data also show no cash on hand, which, if accurate, points to a very fragile financial position and a reliance on external funding or new capital to keep operating. This structure leaves little cushion against delays, setbacks, or cost overruns.

Cash Flow

Cash Flow Cash flow from operations is negative, and free cash flow is also negative, reflecting that the core business is consuming cash rather than generating it. There is essentially no reported capital spending, which is consistent with a fabless semiconductor model but also means that most cash use is likely going to operating expenses such as R&D, personnel, and overhead. Because the business is not self‑funding, continued progress depends on the company’s ability to secure financing or other sources of liquidity until commercialization ramps up. Any slowdown in partner adoption or market timing could prolong this cash burn period.

Competitive Edge

Competitive Edge Competitively, GCT is a small, focused player in a semiconductor industry dominated by very large companies. Its strategy avoids head‑to‑head battles in flagship smartphones and instead targets narrower but growing niches such as in‑flight connectivity, satellite‑linked devices, fixed wireless access, and specialized private networks. Its strength lies in highly integrated system‑on‑chip designs that combine many functions into a single, efficient chip, which can be attractive for cost‑sensitive and space‑constrained devices. Deep partnerships with players like Gogo, Iridium, Globalstar, Kyocera, and others help embed GCT in specific ecosystems, potentially raising switching costs once designs are locked in. The flip side is that the company is highly dependent on a relatively small set of partners and niche use cases, in a market where very powerful competitors could enter if those niches become more attractive.

Innovation and R&D

Innovation and R&D Innovation is clearly a core asset. GCT has a long history in integrated 4G and 5G modems and has pushed into advanced system‑on‑chip architectures that combine cellular and satellite capabilities on a single chip. Features like support for multiple cellular categories, non‑terrestrial networks, and a broad range of bands in one device are technologically demanding and differentiate the product lineup. The ongoing rollout of new 5G chipsets and sampling to customers shows an active R&D pipeline and a deliberate push toward commercialization. However, this innovation engine has to be sustained financially, and the key uncertainty is how quickly these designs move from sampling and pilots into high‑volume, revenue‑generating production.

Summary

Overall, GCT looks like a technology‑rich but financially fragile 5G semiconductor story. On the positive side, it has credible strengths in integrated modem and system‑on‑chip design, has secured a set of specialized partnerships in in‑flight, satellite, and fixed wireless markets, and is aligned with long‑term trends toward broader, always‑on connectivity. On the risk side, the company is still effectively pre‑scale: revenue is tiny, losses are recurring, the balance sheet is thin and highly leveraged, and cash generation is negative. The business outcome now depends on execution—converting promising 5G and satellite‑enabled designs into sustained, high‑volume orders—while managing funding needs and timing risks in markets that can develop more slowly than expected. Uncertainty is high, and future results will likely be very sensitive to a small number of key design wins and partner rollouts.

NEWS

November 12, 2025 · 4:05 PM UTC

GCT Semiconductor Holding, Inc. Provides Business Update and Reports Third Quarter 2025 Financial Results

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October 29, 2025 · 8:00 AM UTC

GCT Semiconductor Holding, Inc. to Give Business Update and Announce Third Quarter 2025 Financial Results on November 12, 2025

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September 11, 2025 · 8:00 AM UTC

GCT Semiconductor Announces $10.7M Debt Financing in Preparation of 5G Volume Shipments

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