What is GCT Semiconductor Holding, Inc.'s earnings per share (EPS)?

GCT Semiconductor Holding, Inc. (GCTS) reported diluted earnings per share of $-0.82 for fiscal year 2025. This represents a -173.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

GCT Semiconductor Holding, Inc. Financials

GCTS

Source SEC Filings (10-K/10-Q) Updated Mar 25, 2026 Currency USD FYE March

This page shows GCT Semiconductor Holding, Inc. (GCTS) financial statements, including the 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).

Financial Health Signals

Financial Profile 0/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

GCT Semiconductor Holding, Inc. has an operating margin of -3230.8%, meaning the company retains $-3231 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -143.8% the prior year.

Growth

GCT Semiconductor Holding, Inc.'s revenue declined 87.6% year-over-year, from $9.1M to $1.1M. This contraction results in a growth score of 0/100.

Liquidity

GCT Semiconductor Holding, Inc.'s current ratio of 0.15 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While GCT Semiconductor Holding, Inc. generated -$30.7M in operating cash flow, capex of $2.4M consumed most of it, leaving -$33.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

1/9

GCT Semiconductor Holding, Inc. passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.71x

For every $1 of reported earnings, GCT Semiconductor Holding, Inc. generates $0.71 in operating cash flow (-$30.7M OCF vs -$43.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-6.1x

GCT Semiconductor Holding, Inc. earns $-6.1 in operating income for every $1 of interest expense (-$36.5M vs $6.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.1M

YoY-87.6%

GCT Semiconductor Holding, Inc. generated $1.1M in revenue in fiscal year 2025. This represents a decrease of 87.6% from the prior year.

EBITDA

-$35.8M

YoY-188.0%

GCT Semiconductor Holding, Inc.'s EBITDA was -$35.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 188.0% from the prior year.

Net Income

-$43.4M

YoY-250.4%

GCT Semiconductor Holding, Inc. reported -$43.4M in net income in fiscal year 2025. This represents a decrease of 250.4% from the prior year.

EPS (Diluted)

$-0.82

YoY-173.3%

GCT Semiconductor Holding, Inc. earned $-0.82 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 173.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$33.1M

YoY-5.0%

GCT Semiconductor Holding, Inc. generated -$33.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 5.0% from the prior year.

Cash & Debt

$590K

YoY-58.9%

GCT Semiconductor Holding, Inc. held $590K in cash against $6.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

72M

YoY+51.1%

GCT Semiconductor Holding, Inc. had 72M shares outstanding in fiscal year 2025. This represents an increase of 51.1% from the prior year.

Margins & Returns

Gross Margin

-160.7%

YoY-216.3pp

GCT Semiconductor Holding, Inc.'s gross margin was -160.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 216.3 percentage points from the prior year.

Operating Margin

-3230.8%

YoY-3087.0pp

GCT Semiconductor Holding, Inc.'s operating margin was -3230.8% in fiscal year 2025, reflecting core business profitability. This is down 3087.0 percentage points from the prior year.

Net Margin

-3834.8%

YoY-3699.2pp

GCT Semiconductor Holding, Inc.'s net profit margin was -3834.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3699.2 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$14.0M

YoY-19.2%

GCT Semiconductor Holding, Inc. invested $14.0M in research and development in fiscal year 2025. This represents a decrease of 19.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$2.4M

YoY+344.8%

GCT Semiconductor Holding, Inc. invested $2.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 344.8% from the prior year.

GCTS Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	$1.1M-87.6%	$9.1M-43.0%	$16.0M	N/A
Cost of Revenue	$4.0M-0.6%	$4.1M-56.4%	$9.3M	N/A
Gross Profit	-$1.8M-135.8%	$5.1M-24.6%	$6.7M	N/A
R&D Expenses	$14.0M-19.2%	$17.3M+61.8%	$10.7M	N/A
SG&A Expenses	$16.5M+52.6%	$10.8M+46.1%	$7.4M	N/A
Operating Income	-$36.5M-178.5%	-$13.1M+9.9%	-$14.6M-1141.6%	-$1.2M
Interest Expense	$6.0M+55.8%	$3.9M-38.1%	$6.2M	N/A
Income Tax	$902K+102.7%	$445K-17.7%	$541K-45.6%	$995K
Net Income	-$43.4M-250.4%	-$12.4M+44.9%	-$22.5M-192.6%	$24.3M
EPS (Diluted)	$-0.82-173.3%	$-0.30+68.1%	$-0.94	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$430K-63.6%	$1.2M+138.3%	$496K-72.2%	$1.8M-31.6%	$2.6M+77.8%	$1.5M-55.0%	$3.3M-22.1%	$4.2M
Cost of Revenue	$1.5M+84.1%	$804K+97.1%	$408K-66.3%	$1.2M+22.9%	$984K+79.9%	$547K-58.3%	$1.3M-43.8%	$2.3M
Gross Profit	-$1.1M-377.8%	$378K+329.5%	$88K-84.7%	$576K-64.6%	$1.6M+76.5%	$921K-52.8%	$2.0M+5.3%	$1.9M
R&D Expenses	$3.3M-7.3%	$3.5M-14.2%	$4.1M+19.3%	$3.4M-18.4%	$4.2M+1.1%	$4.2M-24.6%	$5.5M+59.7%	$3.5M
SG&A Expenses	$3.9M+13.5%	$3.4M+31.4%	$2.6M-4.0%	$2.7M+14.5%	$2.4M-16.8%	$2.9M+0.8%	$2.8M+52.9%	$1.9M
Operating Income	-$9.3M-21.9%	-$7.6M+1.9%	-$7.7M-5.1%	-$7.4M-24.6%	-$5.9M+16.5%	-$7.1M-197.8%	$7.2M+267.9%	-$4.3M
Interest Expense	$1.8M+16.4%	$1.5M+43.2%	$1.1M+198.9%	$358K-46.3%	$667K-12.2%	$760K-63.5%	$2.1M+52.2%	$1.4M
Income Tax	$178K+356.4%	$39K-62.9%	$105K-59.3%	$258K+323.0%	$61K-9.0%	$67K+13.6%	$59K-85.8%	$416K
Net Income	-$13.8M-2.3%	-$13.5M-94.3%	-$7.0M-40.1%	-$5.0M+30.2%	-$7.1M-582.7%	-$1.0M-237.8%	$757K+107.4%	-$10.2M
EPS (Diluted)	$-0.25+3.8%	$-0.26-73.3%	$-0.15	N/A	$-0.16-700.0%	$-0.02-166.7%	$0.03	N/A

GCTS Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$15.6M-21.4%	$19.9M+21.1%	$16.4M-95.4%	$357.0M
Current Assets	$11.9M-32.4%	$17.6M+35.2%	$13.0M+1425.8%	$853K
Cash & Equivalents	$590K-58.9%	$1.4M+456.2%	$258K-50.5%	$521K
Inventory	$947K-68.2%	$3.0M+100.3%	$1.5M	N/A
Accounts Receivable	$2.6M-54.8%	$5.7M+16.7%	$4.9M	N/A
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$98.9M+24.9%	$79.2M-39.9%	$131.9M-70.8%	$452.0M
Current Liabilities	$79.6M+30.6%	$60.9M-46.9%	$114.8M+19872.3%	$575K
Long-Term Debt	$6.0M+22.2%	$4.9M-20.7%	$6.2M	N/A
Total Equity	-$83.3M-40.4%	-$59.3M+48.6%	-$115.4M-21.6%	-$94.9M
Retained Earnings	-$605.4M-7.7%	-$562.0M-2.3%	-$549.7M-3808.2%	-$14.1M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$24.3M+37.8%	$17.6M+0.8%	$17.5M-12.2%	$19.9M-12.0%	$22.6M-3.3%	$23.4M-34.7%	$35.8M+118.0%	$16.4M
Current Assets	$21.9M+38.9%	$15.7M+2.2%	$15.4M-12.4%	$17.6M-12.1%	$20.0M-3.1%	$20.6M-37.0%	$32.8M+152.0%	$13.0M
Cash & Equivalents	$8.3M+559.0%	$1.3M+21.8%	$1.0M-27.6%	$1.4M-20.8%	$1.8M-55.1%	$4.0M-75.0%	$16.1M+6148.8%	$258K
Inventory	$1.9M-36.4%	$3.0M-4.1%	$3.1M+4.9%	$3.0M-4.3%	$3.1M+55.7%	$2.0M+11.9%	$1.8M+20.1%	$1.5M
Accounts Receivable	$3.7M-3.7%	$3.8M-15.7%	$4.5M-20.9%	$5.7M-10.9%	$6.4M+24.7%	$5.2M+1.2%	$5.1M+3.7%	$4.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$104.4M+19.2%	$87.6M+5.4%	$83.1M+4.9%	$79.2M-2.1%	$80.9M-1.0%	$81.7M-16.8%	$98.2M-25.5%	$131.9M
Current Liabilities	$87.1M+17.6%	$74.0M+3.7%	$71.4M+17.2%	$60.9M-1.7%	$61.9M-1.5%	$62.9M-13.3%	$72.6M-36.8%	$114.8M
Long-Term Debt	$0	$0	$0-100.0%	$4.9M+2.4%	$4.8M+3.5%	$4.7M-0.1%	$4.7M-25.1%	$6.2M
Total Equity	-$80.1M-14.5%	-$70.0M-6.6%	-$65.6M-10.6%	-$59.3M-1.8%	-$58.3M+0.1%	-$58.3M+6.5%	-$62.4M+46.0%	-$115.4M
Retained Earnings	-$596.4M-2.4%	-$582.5M-2.4%	-$569.0M-1.2%	-$562.0M-0.9%	-$557.1M-1.3%	-$549.9M-0.2%	-$548.9M+0.1%	-$549.7M

GCTS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	-$30.7M+0.9%	-$31.0M-250.7%	-$8.8M-482.2%	-$1.5M
Capital Expenditures	$2.4M+344.8%	$542K+63.7%	$331K	N/A
Free Cash Flow	-$33.1M-5.0%	-$31.5M-244.0%	-$9.2M	N/A
Investing Cash Flow	-$2.4M-344.8%	-$542K-63.7%	-$331K-140.2%	$823K
Financing Cash Flow	$32.2M-11.6%	$36.5M+347.6%	$8.1M	N/A
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$318.4M	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$6.9M+20.5%	-$8.6M-8.6%	-$8.0M-250.6%	-$2.3M+51.0%	-$4.6M+52.0%	-$9.6M+33.1%	-$14.4M-1489.1%	-$907K
Capital Expenditures	$934K+926.4%	$91K-22.9%	$118K-66.9%	$357K+561.1%	$54K	N/A	N/A	$47K
Free Cash Flow	-$7.8M+10.7%	-$8.7M-8.2%	-$8.1M-207.4%	-$2.6M+43.9%	-$4.7M	N/A	N/A	-$954K
Investing Cash Flow	-$934K-926.4%	-$91K+22.9%	-$118K+66.9%	-$357K-561.1%	-$54K	N/A	N/A	-$47K
Financing Cash Flow	$14.9M+77.2%	$8.4M+9.5%	$7.7M+57.8%	$4.9M+30.5%	$3.7M+254.8%	-$2.4M-108.0%	$30.3M+5325.4%	$558K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.1M

GCTS Financial Ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	-160.7%-216.3pp	55.6%+13.6pp	42.0%	N/A
Operating Margin	-3230.8%-3087.0pp	-143.8%-52.9pp	-90.8%	N/A
Net Margin	-3834.8%-3699.2pp	-135.6%+4.6pp	-140.2%	N/A
Return on Equity	N/A	N/A	N/A	N/A
Return on Assets	-277.2%-215.0pp	-62.2%+74.5pp	-136.8%-143.6pp	6.8%
Current Ratio	0.15-0.1	0.29+0.2	0.11-1.4	1.48
Debt-to-Equity	-0.07+0.0	-0.08-0.0	-0.05+4.7	-4.76
FCF Margin	-2925.4%-2580.3pp	-345.1%-287.9pp	-57.1%	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	-244.2%-276.2pp	32.0%+14.2pp	17.7%-14.5pp	32.3%-30.0pp	62.3%-0.4pp	62.7%+2.9pp	59.8%+15.5pp	44.3%
Operating Margin	-2152.1%-1509.8pp	-642.3%+918.2pp	-1560.5%-1147.8pp	-412.7%-186.2pp	-226.5%+255.7pp	-482.2%-703.8pp	221.6%+324.5pp	-102.9%
Net Margin	-3220.7%-2075.4pp	-1145.3%+259.5pp	-1404.8%-1126.3pp	-278.5%-5.7pp	-272.8%-201.8pp	-71.0%-94.2pp	23.2%+265.8pp	-242.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-57.0%+19.8pp	-76.8%-37.0pp	-39.9%-14.9pp	-25.0%+6.5pp	-31.5%-27.0pp	-4.5%-6.6pp	2.1%+64.0pp	-61.9%
Current Ratio	0.25+0.0	0.210.0	0.22-0.1	0.29-0.0	0.320.0	0.33-0.1	0.45+0.3	0.11
Debt-to-Equity	0.000.0	0.000.0	0.00+0.1	-0.080.0	-0.080.0	-0.080.0	-0.07-0.0	-0.05
FCF Margin	-1813.3%-1074.8pp	-738.5%+888.3pp	-1626.8%-1479.8pp	-147.1%+32.3pp	-179.4%	N/A	N/A	-22.8%

Note: Shareholder equity is negative (-$83.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.15), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is GCT Semiconductor Holding, Inc.'s annual revenue?

GCT Semiconductor Holding, Inc. (GCTS) reported $1.1M in total revenue for fiscal year 2025. This represents a -87.6% 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 GCT Semiconductor Holding, Inc.'s revenue growing?

GCT Semiconductor Holding, Inc. (GCTS) revenue declined by 87.6% year-over-year, from $9.1M to $1.1M in fiscal year 2025.

Is GCT Semiconductor Holding, Inc. profitable?

No, GCT Semiconductor Holding, Inc. (GCTS) reported a net income of -$43.4M in fiscal year 2025, with a net profit margin of -3834.8%.

What is GCT Semiconductor Holding, Inc.'s EBITDA?

GCT Semiconductor Holding, Inc. (GCTS) had EBITDA of -$35.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does GCT Semiconductor Holding, Inc. have?

As of fiscal year 2025, GCT Semiconductor Holding, Inc. (GCTS) had $590K in cash and equivalents against $6.0M in long-term debt.

What is GCT Semiconductor Holding, Inc.'s gross margin?

GCT Semiconductor Holding, Inc. (GCTS) had a gross margin of -160.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is GCT Semiconductor Holding, Inc.'s operating margin?

GCT Semiconductor Holding, Inc. (GCTS) had an operating margin of -3230.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is GCT Semiconductor Holding, Inc.'s net profit margin?

GCT Semiconductor Holding, Inc. (GCTS) had a net profit margin of -3834.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is GCT Semiconductor Holding, Inc.'s free cash flow?

GCT Semiconductor Holding, Inc. (GCTS) generated -$33.1M in free cash flow during fiscal year 2025. This represents a -5.0% 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 GCT Semiconductor Holding, Inc.'s operating cash flow?

GCT Semiconductor Holding, Inc. (GCTS) generated -$30.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are GCT Semiconductor Holding, Inc.'s total assets?

GCT Semiconductor Holding, Inc. (GCTS) had $15.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are GCT Semiconductor Holding, Inc.'s capital expenditures?

GCT Semiconductor Holding, Inc. (GCTS) invested $2.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does GCT Semiconductor Holding, Inc. spend on research and development?

GCT Semiconductor Holding, Inc. (GCTS) invested $14.0M in research and development during fiscal year 2025.

How many shares does GCT Semiconductor Holding, Inc. have outstanding?

GCT Semiconductor Holding, Inc. (GCTS) had 72M shares outstanding as of fiscal year 2025.

What is GCT Semiconductor Holding, Inc.'s current ratio?

GCT Semiconductor Holding, Inc. (GCTS) had a current ratio of 0.15 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is GCT Semiconductor Holding, Inc.'s debt-to-equity ratio?

GCT Semiconductor Holding, Inc. (GCTS) had a debt-to-equity ratio of -0.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is GCT Semiconductor Holding, Inc.'s return on assets (ROA)?

GCT Semiconductor Holding, Inc. (GCTS) had a return on assets of -277.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is GCT Semiconductor Holding, Inc.'s cash runway?

Based on fiscal year 2025 data, GCT Semiconductor Holding, Inc. (GCTS) had $590K in cash against an annual operating cash burn of $30.7M. This gives an estimated cash runway of approximately 0 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.

Why is GCT Semiconductor Holding, Inc.'s debt-to-equity ratio negative or unusual?

GCT Semiconductor Holding, Inc. (GCTS) has negative shareholder equity of -$83.3M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is GCT Semiconductor Holding, Inc.'s Piotroski F-Score?

GCT Semiconductor Holding, Inc. (GCTS) has a Piotroski F-Score of 1 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are GCT Semiconductor Holding, Inc.'s earnings high quality?

GCT Semiconductor Holding, Inc. (GCTS) has an earnings quality ratio of 0.71x, considered low quality (accrual-driven). 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.

Can GCT Semiconductor Holding, Inc. cover its interest payments?

GCT Semiconductor Holding, Inc. (GCTS) has an interest coverage ratio of -6.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is GCT Semiconductor Holding, Inc.?

GCT Semiconductor Holding, Inc. (GCTS) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.