GD CULTURE GROUP LTD Financials

GDC

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows GD CULTURE GROUP LTD (GDC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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

Piotroski F-Score Weak

1/9

GD CULTURE GROUP LTD 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).

Earnings Quality Low Quality

0.41x

For every $1 of reported earnings, GD CULTURE GROUP LTD generates $0.41 in operating cash flow (-$5.7M OCF vs -$13.8M 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

-6898.0x

GD CULTURE GROUP LTD earns $-6898.0 in operating income for every $1 of interest expense (-$14.2M vs $2K). 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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Revenue

N/A

EBITDA

-$13.5M

YoY-12.3%

GD CULTURE GROUP LTD's EBITDA was -$13.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 12.3% from the prior year.

Free Cash Flow

N/A

Net Income

-$13.8M

YoY-10.5%

GD CULTURE GROUP LTD reported -$13.8M in net income in fiscal year 2024. This represents a decrease of 10.5% from the prior year.

EPS (Diluted)

$-1.45

YoY+62.6%

GD CULTURE GROUP LTD earned $-1.45 per diluted share (EPS) in fiscal year 2024. This represents an increase of 62.6% from the prior year.

Cash & Debt

$23K

YoY-99.6%

5Y CAGR-64.9%

GD CULTURE GROUP LTD held $23K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

11M

YoY+148.7%

5Y CAGR-11.7%

GD CULTURE GROUP LTD had 11M shares outstanding in fiscal year 2024. This represents an increase of 148.7% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

$798K

YoY-61.5%

5Y CAGR+17.8%

GD CULTURE GROUP LTD invested $798K in research and development in fiscal year 2024. This represents a decrease of 61.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

GDC Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	$153K-99.4%	$25.0M+4131.9%	$591K-97.0%	$19.6M
Cost of Revenue	N/A	N/A	$98K-99.4%	$16.8M+79633.7%	$21K-99.9%	$19.0M
Gross Profit	N/A	N/A	$56K-99.3%	$8.3M+1346.3%	$570K+1.5%	$562K
R&D Expenses	$798K-61.5%	$2.1M	N/A	N/A	$0-100.0%	$352K
SG&A Expenses	$5.1M-3.4%	$5.2M+1164.2%	$414K-97.9%	$19.5M	N/A	$1.2M
Operating Income	-$14.2M-18.1%	-$12.0M-2795.3%	-$414K+97.9%	-$19.5M-3834.6%	-$497K-71.7%	-$289K
Interest Expense	$2K+2434.6%	$81	N/A	$96-99.5%	$18K-21.6%	$23K
Income Tax	-$32K-109.8%	$328K+28505.8%	$1K-99.9%	$1.3M+2240.2%	-$61K-147.0%	$129K
Net Income	-$13.8M-10.5%	-$12.5M+59.4%	-$30.8M-14.3%	-$27.0M-1174.3%	$2.5M+114.9%	-$16.8M
EPS (Diluted)	$-1.45+62.6%	$-3.88+80.7%	$-20.13+1.1%	$-20.36	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$1.2M+429.9%	$233K	N/A	$218K0.0%	$218K0.0%	$218K	N/A	N/A
SG&A Expenses	$1.2M+20.2%	$1.0M+9.0%	$938K+7.4%	$873K-48.7%	$1.7M-3.7%	$1.8M	N/A	$1.6M
Operating Income	-$2.5M-58.5%	-$1.6M-65.9%	-$938K+75.6%	-$3.9M-6.1%	-$3.6M+13.2%	-$4.2M	N/A	-$1.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$52
Income Tax	$1.7M+3160.3%	-$55K-231.3%	$42K+5681.7%	-$748+96.7%	-$23K-2311.6%	$1K	N/A	N/A
Net Income	$12.1M+906.4%	-$1.5M-53.4%	-$978K+73.9%	-$3.7M-4.4%	-$3.6M+9.9%	-$4.0M	N/A	-$3.4M
EPS (Diluted)	$0.48	$-0.10-25.0%	$-0.08+77.8%	$-0.36+7.7%	$-0.39+30.4%	$-0.56	N/A	$-1.12

GDC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2.7M-80.8%	$14.2M+273.9%	$3.8M-92.5%	$50.5M+101.1%	$25.1M+12.0%	$22.4M
Current Assets	$32K-99.7%	$9.1M+463.9%	$1.6M-89.9%	$15.9M+33.0%	$12.0M+3.4%	$11.6M
Cash & Equivalents	$23K-99.6%	$5.2M+1230.1%	$389K-97.3%	$14.6M+1360.7%	$999K-76.5%	$4.3M
Inventory	N/A	N/A	N/A	$4K-99.6%	$1.0M-12.5%	$1.2M
Accounts Receivable	N/A	N/A	$195K	N/A	$1.1M-51.2%	$2.2M
Goodwill	N/A	N/A	$2.2M-66.8%	$6.6M-43.4%	$11.7M0.0%	$11.7M
Total Liabilities	$2.7M-53.4%	$5.9M+1656.3%	$334K-98.2%	$18.5M+472.7%	$3.2M-80.5%	$16.5M
Current Liabilities	$1.5M+265.6%	$403K+20.8%	$334K-98.2%	$18.4M+478.5%	$3.2M-80.3%	$16.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$282K-103.4%	$8.3M+140.8%	$3.5M-89.2%	$32.1M+46.4%	$21.9M+267.5%	$6.0M
Retained Earnings	-$83.2M-19.9%	-$69.4M-22.0%	-$56.8M-118.5%	-$26.0M-2833.8%	$952K+161.1%	-$1.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$866.0M+8089.1%	$10.6M+306.2%	$2.6M-4.8%	$2.7M-67.7%	$8.5M-23.6%	$11.1M-22.1%	$14.2M+2.2%	$13.9M
Current Assets	$646K-74.3%	$2.5M+3210.7%	$76K+139.5%	$32K-98.8%	$2.6M-58.0%	$6.1M-32.5%	$9.1M+37.0%	$6.6M
Cash & Equivalents	$225K-79.9%	$1.1M+2081.6%	$51K+127.3%	$23K-92.5%	$302K-37.9%	$486K-90.6%	$5.2M+214.2%	$1.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$150K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.8M+91.0%	$2.0M-24.6%	$2.7M-2.4%	$2.7M+35.0%	$2.0M-7.9%	$2.2M-62.5%	$5.9M-17.5%	$7.1M
Current Liabilities	$3.0M+180.3%	$1.1M-32.4%	$1.6M+6.6%	$1.5M+218.2%	$463K-14.6%	$543K+34.6%	$403K+21.9%	$331K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$861.9M+10310.2%	$8.3M+2470.8%	-$349K-24.0%	-$282K-104.7%	$6.0M-28.7%	$8.5M+1.6%	$8.3M+22.7%	$6.8M
Retained Earnings	-$73.6M+14.1%	-$85.7M-1.8%	-$84.2M-1.2%	-$83.2M-8.2%	-$76.9M-4.9%	-$73.3M-5.7%	-$69.4M-14.7%	-$60.4M

GDC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$5.7M+57.1%	-$13.2M-1394.1%	-$886K+83.9%	-$5.5M-262206.1%	-$2K-100.3%	$759K
Capital Expenditures	N/A	$14K	N/A	$309K+323.9%	$73K	N/A
Free Cash Flow	N/A	-$13.3M	N/A	-$5.8M-7665.5%	-$75K	N/A
Investing Cash Flow	-$650K+87.5%	-$5.2M+58.2%	-$12.5M-883.4%	-$1.3M+72.0%	-$4.5M	N/A
Financing Cash Flow	$1.2M-94.9%	$23.1M	N/A	$22.8M+645.2%	$3.1M+23.5%	$2.5M
Dividends Paid	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

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$893K+69.0%	-$2.9M-246.2%	-$831K-133.5%	-$356K+75.1%	-$1.4M+60.4%	-$3.6M+46.6%	-$6.8M-42.1%	-$4.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	$5K-8.1%	$5K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$6.8M-42.1%	-$4.8M
Investing Cash Flow	N/A	N/A	N/A	$0-100.0%	$1.3M+165.8%	-$1.9M-814.8%	-$208K+95.9%	-$5.0M
Financing Cash Flow	$0-100.0%	$3.9M+358.6%	$860K+146.1%	$349K	$0-100.0%	$831K-92.0%	$10.4M+157.9%	$4.0M
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	N/A

GDC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	36.2%+3.3pp	33.0%-63.5pp	96.4%+93.6pp	2.9%
Operating Margin	N/A	N/A	-270.1%-192.1pp	-78.1%+5.9pp	-84.0%-82.5pp	-1.5%
Net Margin	N/A	N/A	-20105.1%-19997.4pp	-107.7%-532.2pp	424.5%+510.4pp	-85.9%
Return on Equity	N/A	N/A	N/A	N/A	11.5%	N/A
Return on Assets	-505.9%-417.8pp	-88.1%+722.8pp	-810.9%-757.5pp	-53.4%-63.4pp	10.0%+85.0pp	-75.0%
Current Ratio	0.02-22.5	22.52+17.7	4.82+4.0	0.86-2.9	3.76+3.0	0.72
Debt-to-Equity	-9.70-10.4	0.70+0.6	0.10-0.5	0.58+0.4	0.15-2.6	2.77
FCF Margin	N/A	N/A	N/A	-23.3%-10.6pp	-12.7%	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	1.4%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	1.4%+15.6pp	-14.2%+23.4pp	-37.5%+39.9pp	-77.5%-35.1pp	-42.4%-6.5pp	-35.9%	N/A	-24.6%
Current Ratio	0.22-2.2	2.37+2.3	0.05+0.0	0.02-5.5	5.56-5.7	11.29-11.2	22.52+2.5	20.04
Debt-to-Equity	0.00-0.2	0.24+7.9	-7.64+2.1	-9.70-10.0	0.33+0.1	0.26-0.4	0.70-0.3	1.04
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$282K), 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 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is GD CULTURE GROUP LTD profitable?

No, GD CULTURE GROUP LTD (GDC) reported a net income of -$13.8M in fiscal year 2024.

What is GD CULTURE GROUP LTD's earnings per share (EPS)?

GD CULTURE GROUP LTD (GDC) reported diluted earnings per share of $-1.45 for fiscal year 2024. This represents a 62.6% 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.

What is GD CULTURE GROUP LTD's EBITDA?

GD CULTURE GROUP LTD (GDC) had EBITDA of -$13.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is GD CULTURE GROUP LTD's operating cash flow?

GD CULTURE GROUP LTD (GDC) generated -$5.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are GD CULTURE GROUP LTD's total assets?

GD CULTURE GROUP LTD (GDC) had $2.7M in total assets as of fiscal year 2024, including both current and long-term assets.

How much does GD CULTURE GROUP LTD spend on research and development?

GD CULTURE GROUP LTD (GDC) invested $798K in research and development during fiscal year 2024.

How many shares does GD CULTURE GROUP LTD have outstanding?

GD CULTURE GROUP LTD (GDC) had 11M shares outstanding as of fiscal year 2024.

What is GD CULTURE GROUP LTD's current ratio?

GD CULTURE GROUP LTD (GDC) had a current ratio of 0.02 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is GD CULTURE GROUP LTD's debt-to-equity ratio?

GD CULTURE GROUP LTD (GDC) had a debt-to-equity ratio of -9.70 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is GD CULTURE GROUP LTD's return on assets (ROA)?

GD CULTURE GROUP LTD (GDC) had a return on assets of -505.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is GD CULTURE GROUP LTD's cash runway?

Based on fiscal year 2024 data, GD CULTURE GROUP LTD (GDC) had $23K in cash against an annual operating cash burn of $5.7M. 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 GD CULTURE GROUP LTD's debt-to-equity ratio negative or unusual?

GD CULTURE GROUP LTD (GDC) has negative shareholder equity of -$282K as of fiscal year 2024, 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 GD CULTURE GROUP LTD's Piotroski F-Score?

GD CULTURE GROUP LTD (GDC) 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 GD CULTURE GROUP LTD's earnings high quality?

GD CULTURE GROUP LTD (GDC) has an earnings quality ratio of 0.41x, 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 GD CULTURE GROUP LTD cover its interest payments?

GD CULTURE GROUP LTD (GDC) has an interest coverage ratio of -6898.0x, 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.