Gores Hldgs X Inc Financials
This page shows Gores Hldgs X Inc (GTEN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
A transaction-driven balance-sheet expansion in FY2025 was funded externally, while core operations still consumed cash.
FY2025's$920.7K of net income does not line up with a-$1.85M operating loss, pointing to profit that came from below-the-line items rather than operating performance. That reading is reinforced by-$1.04M of operating cash flow and a shift from 0.97x current liquidity in FY2024 to 0.4x in FY2025, so reported earnings improved even as cash generation and near-term flexibility weakened.
The biggest FY2025 cash movement was not operating at all:
The balance sheet became much larger, but not more self-supporting: total assets reached
Financial Health Signals
Gores Hldgs X Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Gores Hldgs X Inc passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Gores Hldgs X Inc used $1.13 of operating cash (-$1.0M OCF vs $921K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Gores Hldgs X Inc reported $921K in net income in fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Gores Hldgs X Inc held $620K in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
None of these metrics is reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
GTEN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 |
|---|---|---|---|
| Operating Income | N/A | -$1.9M | N/A |
| Net Income | N/A | $921K | $0 |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Interest Expense, Income Tax, EPS (Diluted).
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GTEN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 |
|---|---|---|
| Total Assets | $368.7M+31025.1% | $1.2M |
| Current Assets | $975K-17.7% | $1.2M |
| Cash & Equivalents | $620K+22235.1% | $3K |
| Total Liabilities | $400.0M+32564.4% | $1.2M |
| Current Liabilities | $2.7M+119.3% | $1.2M |
| Total Equity | -$31.3M-78153.8% | -$40K |
| Retained Earnings | -$31.3M-48057.6% | -$65K |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
GTEN 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 | TTM | FY25 | FY24 |
|---|---|---|---|
| Operating Cash Flow | -$1.2M | -$1.0M-1867.9% | -$53K |
| Investing Cash Flow | $600K | -$358.2M | N/A |
| Financing Cash Flow | $360.1M | $359.9M | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GTEN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 |
|---|---|---|
| Return on Assets | 0.3%+0.3pp | 0.0% |
| Current Ratio | 0.36-0.6x | 0.97 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, FCF Margin.
Note: Shareholder equity is negative (-$31.3M), 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 (0.36), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Gores Hldgs X Inc Ranks
Frequently Asked Questions
Is Gores Hldgs X Inc profitable?
Yes, Gores Hldgs X Inc (GTEN) reported a net income of $921K in fiscal year 2025.
What is Gores Hldgs X Inc's operating cash flow?
Gores Hldgs X Inc (GTEN) recorded an outflow of $1.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Gores Hldgs X Inc's total assets?
Gores Hldgs X Inc (GTEN) had $368.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Gores Hldgs X Inc's current ratio?
Gores Hldgs X Inc (GTEN) had a current ratio of 0.36 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Gores Hldgs X Inc's return on assets (ROA)?
Gores Hldgs X Inc (GTEN) had a return on assets of 0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Gores Hldgs X Inc's cash runway?
Based on fiscal year 2025 data, Gores Hldgs X Inc (GTEN) had $620K in cash against an annual operating cash burn of $1.0M. This gives an estimated cash runway of approximately 7 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 Gores Hldgs X Inc's debt-to-equity ratio negative or not reported?
Gores Hldgs X Inc (GTEN) has negative shareholder equity of -$31.3M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Gores Hldgs X Inc's Piotroski F-Score?
Gores Hldgs X Inc (GTEN) has a Piotroski F-Score of 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Gores Hldgs X Inc's earnings high quality?
For every $1 of reported earnings, Gores Hldgs X Inc (GTEN) used $1.13 of operating cash (-$1.0M OCF vs $921K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.