GCL Global Holdings Ltd Financials
GCL Global Holdings Ltd (GCL) reported $238.9M in revenue for fiscal year 2026, up 68.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Rapid scale has been paired with margin compression, heavier leverage, and reliance on financing rather than internally generated cash.
Revenue nearly doubled from FY2025 to FY2026, yet gross margin compressed to10.4% and operating income turned negative, indicating added scale was not covering the expanded cost base. Meanwhile, operating cash flow remained negative while financing cash flow was positive, so expansion was funded externally rather than generated by operations.
The current ratio improved to 1.5x, but the balance sheet became less conservative as debt-to-equity rose to 0.9x from negligible FY2024 levels. Liquidity increased alongside a much larger financing burden rather than through internally generated cash.
FY2025 reported positive net income while operating cash flow was negative, and FY2026 both were negative; this weak earnings-to-cash conversion shows that reported profitability did not consistently translate into available funds. The deterioration also coincided with operating margin moving to
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of GCL Global Holdings Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
GCL Global Holdings Ltd has an operating margin of -5.6%, meaning the company loses $6 on every $100 of revenue. This results in a profitability score of 24/100. This is down from 2.3% the prior year.
GCL Global Holdings Ltd's revenue surged 68.2% year-over-year to $238.9M, reflecting rapid business expansion. This strong growth earns a score of 95/100.
GCL Global Holdings Ltd has a moderate D/E ratio of 0.88. This balance of debt and equity financing earns a leverage score of 49/100.
GCL Global Holdings Ltd's current ratio of 1.52 indicates adequate short-term liquidity, earning a score of 41/100. The company can meet its near-term obligations, though with limited headroom.
GCL Global Holdings Ltd's operations used $10.5M of cash, and capex of $1.2M added to the outflow, for a free cash flow shortfall of $11.6M. This results in a cash flow score of 20/100.
GCL Global Holdings Ltd posts a -67.9% return on equity (ROE), meaning it loses $68 for every $100 of shareholders' equity. This results in a returns score of 24/100. This is down from 15.6% the prior year.
GCL Global Holdings Ltd scores 1.72, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
GCL Global Holdings Ltd passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
GCL Global Holdings Ltd reported a net loss of $25.0M while operations used $10.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
GCL Global Holdings Ltd generated $238.9M in revenue in fiscal year 2026. This represents an increase of 68.2% from the prior year.
GCL Global Holdings Ltd's EBITDA was -$11.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 345.6% from the prior year.
GCL Global Holdings Ltd reported -$25.0M in net income in fiscal year 2026. This represents a decrease of 547.3% from the prior year.
GCL Global Holdings Ltd earned -$0.20 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 500.0% from the prior year.
Cash & Balance Sheet
GCL Global Holdings Ltd recorded an outflow of $11.6M in free cash flow in fiscal year 2026, representing a cash shortfall after capex. This represents a decrease of 11.3% from the prior year.
GCL Global Holdings Ltd held $36.6M in cash against $32.3M in long-term debt as of fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
GCL Global Holdings Ltd's gross margin was 10.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 4.6 percentage points from the prior year.
GCL Global Holdings Ltd's operating margin was -5.6% in fiscal year 2026, reflecting core business profitability. This is down 7.8 percentage points from the prior year.
GCL Global Holdings Ltd's net profit margin was -10.5% in fiscal year 2026, showing the share of revenue converted to profit. This is down 14.4 percentage points from the prior year.
GCL Global Holdings Ltd's ROE was -67.9% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 83.5 percentage points from the prior year.
Capital Allocation
GCL Global Holdings Ltd invested $1.2M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 614.3% from the prior year.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
GCL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue | $238.9M+68.2% | $142.1M+45.7% | $97.5M+25.9% | $77.4M |
| Cost of Revenue | $202.7M+93.0% | $105.0M+59.2% | $66.0M+30.4% | $50.6M |
| Gross Profit | $24.7M+16.4% | $21.2M+59.5% | $13.3M-3.8% | $13.8M |
| SG&A Expenses | $33.2M+114.7% | $15.4M+17.8% | $13.1M+73.5% | $7.6M |
| Operating Income | -$13.3M-510.1% | $3.2M+235.2% | -$2.4M-166.5% | $3.6M |
| Income Tax | $240K-78.8% | $1.1M+2017.9% | $53K-91.4% | $620K |
| Net Income | -$25.0M-547.3% | $5.6M+506.8% | -$1.4M-169.2% | $2.0M |
| EPS (Diluted) | -$0.20-500.0% | $0.05+600.0% | -$0.01-150.0% | $0.02 |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
GCL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Total Assets | $183.2M+80.3% | $101.6M+105.0% | $49.6M | N/A |
| Current Assets | $126.1M+103.1% | $62.1M+90.7% | $32.6M | N/A |
| Cash & Equivalents | $36.6M+100.5% | $18.2M+581.6% | $2.7M+5.3% | $2.5M |
| Inventory | $32.4M+446.1% | $5.9M+23.0% | $4.8M | N/A |
| Accounts Receivable | $36.7M+42.3% | $25.8M+47.9% | $17.4M | N/A |
| Goodwill | $12.4M+313.0% | $3.0M0.0% | $3.0M+46.1% | $2.0M |
| Total Liabilities | $142.3M+120.2% | $64.6M+96.2% | $32.9M | N/A |
| Current Liabilities | $83.1M+58.8% | $52.3M+72.2% | $30.4M | N/A |
| Long-Term Debt | $32.3M+2170.4% | $1.4M+583.2% | $208K | N/A |
| Total Equity | $36.8M+2.6% | $35.9M+164.4% | $13.6M-21.0% | $17.2M |
| Retained Earnings | -$7.5M-142.7% | $17.5M+46.7% | $11.9M | N/A |
GCL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Operating Cash Flow | -$10.5M-1.8% | -$10.3M-883.2% | $1.3M+130.1% | -$4.4M |
| Capital Expenditures | $1.2M+614.3% | $161K-41.9% | $278K-48.4% | $538K |
| Free Cash Flow | -$11.6M-11.3% | -$10.5M-1108.0% | $1.0M+121.2% | -$4.9M |
| Investing Cash Flow | -$18.2M-187.5% | -$6.3M-712.5% | -$781K-26.8% | -$616K |
| Financing Cash Flow | $46.9M+39.7% | $33.6M+24714.0% | $135K-96.9% | $4.4M |
| Dividends Paid | N/A | N/A | $164K | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
GCL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Gross Margin | 10.3%-4.6pp | 14.9%+1.3pp | 13.7%-4.2pp | 17.9% |
| Operating Margin | -5.6%-7.8pp | 2.3%+4.7pp | -2.5%-7.1pp | 4.7% |
| Net Margin | -10.5%-14.4pp | 3.9%+5.3pp | -1.4%-4.0pp | 2.6% |
| Return on Equity | -67.9%-83.5pp | 15.6%+25.7pp | -10.1%-21.7pp | 11.6% |
| Return on Assets | -13.7%-19.1pp | 5.5%+8.3pp | -2.8% | N/A |
| Current Ratio | 1.52+0.3x | 1.19+0.1x | 1.07 | N/A |
| Debt-to-Equity | 0.88+0.8x | 0.040.0x | 0.02 | N/A |
| FCF Margin | -4.9%+2.5pp | -7.4%-8.4pp | 1.1%+7.4pp | -6.3% |
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Where GCL Global Holdings Ltd Ranks
Frequently Asked Questions
What is GCL Global Holdings Ltd's annual revenue?
GCL Global Holdings Ltd (GCL) reported $238.9M in total revenue for fiscal year 2026. This represents a 68.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is GCL Global Holdings Ltd's revenue growing?
GCL Global Holdings Ltd (GCL) revenue grew by 68.2% year-over-year, from $142.1M to $238.9M in fiscal year 2026.
Is GCL Global Holdings Ltd profitable?
No, GCL Global Holdings Ltd (GCL) reported a net income of -$25.0M in fiscal year 2026, with a net profit margin of -10.5%.
What is GCL Global Holdings Ltd's EBITDA?
GCL Global Holdings Ltd (GCL) had EBITDA of -$11.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does GCL Global Holdings Ltd have?
As of fiscal year 2026, GCL Global Holdings Ltd (GCL) had $36.6M in cash and equivalents against $32.3M in long-term debt.
What is GCL Global Holdings Ltd's gross margin?
GCL Global Holdings Ltd (GCL) had a gross margin of 10.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is GCL Global Holdings Ltd's operating margin?
GCL Global Holdings Ltd (GCL) had an operating margin of -5.6% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is GCL Global Holdings Ltd's net profit margin?
GCL Global Holdings Ltd (GCL) had a net profit margin of -10.5% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is GCL Global Holdings Ltd's return on equity (ROE)?
GCL Global Holdings Ltd (GCL) has a return on equity of -67.9% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is GCL Global Holdings Ltd's free cash flow?
GCL Global Holdings Ltd (GCL) recorded an outflow of $11.6M in free cash flow during fiscal year 2026. This represents a -11.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is GCL Global Holdings Ltd's operating cash flow?
GCL Global Holdings Ltd (GCL) recorded an outflow of $10.5M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are GCL Global Holdings Ltd's total assets?
GCL Global Holdings Ltd (GCL) had $183.2M in total assets as of fiscal year 2026, including both current and long-term assets.
What are GCL Global Holdings Ltd's capital expenditures?
GCL Global Holdings Ltd (GCL) invested $1.2M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is GCL Global Holdings Ltd's current ratio?
GCL Global Holdings Ltd (GCL) had a current ratio of 1.52 as of fiscal year 2026, which is generally considered healthy.
What is GCL Global Holdings Ltd's debt-to-equity ratio?
GCL Global Holdings Ltd (GCL) had a debt-to-equity ratio of 0.88 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is GCL Global Holdings Ltd's return on assets (ROA)?
GCL Global Holdings Ltd (GCL) had a return on assets of -13.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is GCL Global Holdings Ltd's cash runway?
Based on fiscal year 2026 data, GCL Global Holdings Ltd (GCL) had $36.6M in cash against an annual operating cash burn of $10.5M. This gives an estimated cash runway of approximately 42 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is GCL Global Holdings Ltd's Altman Z-Score?
GCL Global Holdings Ltd (GCL) has an Altman Z-Score of 1.72, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is GCL Global Holdings Ltd's Piotroski F-Score?
GCL Global Holdings Ltd (GCL) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are GCL Global Holdings Ltd's earnings high quality?
GCL Global Holdings Ltd (GCL) reported a net loss of $25.0M while operations used $10.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is GCL Global Holdings Ltd?
GCL Global Holdings Ltd (GCL) scores 42 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.