UTStarcom Holdings Corp (UTSI) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 24, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the UTSI SEC filings page.
UTStarcom Holdings Corp (UTSI) reported $9.0M in revenue for fiscal year 2025, down 17.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
UTStarcom operates like a shrinking development-stage business: revenue is falling while research spending leaves losses increasingly disconnected from gross profit.
Revenue fell43.0% from FY2023 to FY2025 while gross margin compressed16.2 percentage points , showing that reduced scale is weakening the economics of delivery. Operating cash flow moved from positive$7.3M to-$8.8M over the same span, so losses are now consuming cash rather than remaining mainly an accounting result.
R&D consumed roughly half of FY2025 revenue, while operating cash flow was
Liabilities fell
Financial Health Signals
Scored against emerging companies for FY2025. 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 UTStarcom Holdings Corp'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.
UTStarcom Holdings Corp held $34.5M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $8.8M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and UTStarcom Holdings Corp scores 66/100 among other emerging companies.
UTStarcom Holdings Corp had 9M shares outstanding at the end of fiscal year 2025, against 9M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and UTStarcom Holdings Corp scores 72/100 among other emerging companies.
UTStarcom Holdings Corp spent $4.6M on research and development in fiscal year 2025, which was 26.5% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and UTStarcom Holdings Corp scores 59/100 among other emerging companies.
UTStarcom Holdings Corp reported revenue of $9.0M in fiscal year 2025, against $10.9M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and UTStarcom Holdings Corp scores 15/100 among other emerging companies.
UTStarcom Holdings Corp's operations used $8.8M of cash in fiscal year 2025, against $4.5M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and UTStarcom Holdings Corp scores 19/100 among other emerging companies.
UTStarcom Holdings Corp's cash, cash equivalents and investments came to $34.5M at the end of fiscal year 2025, against $19.4M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and UTStarcom Holdings Corp scores 72/100 among other emerging companies.
UTStarcom Holdings Corp scores -30.68, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($22.2M) relative to total liabilities ($19.4M). 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.
UTStarcom Holdings Corp passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
UTStarcom Holdings Corp reported a net loss of $8.0M while operations used $8.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
UTStarcom Holdings Corp held $33.8M in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
UTSI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
UTSI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'2420-F | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K | Q4'1910-K | Q4'1810-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $55.9M-18.0% | $68.2M-12.0% | $77.5M-13.2% | $89.2M-17.6% | $108.3M-8.8% | $118.7M-21.5% | $151.3M-14.7% | $177.4M-5.1% |
| Current Assets | $51.6M-18.3% | $63.1M-10.7% | $70.6M-13.7% | $81.8M-16.4% | $97.8M-11.0% | $109.9M-19.8% | $137.1M-14.4% | $160.2M-4.0% |
| Cash & Equivalents | $33.8M-23.0% | $43.9M-12.1% | $50.0M-8.3% | $54.5M+1.3% | $53.8M+57.2% | $34.2M-2.1% | $35.0M-38.7% | $57.0M-28.5% |
| Short-Term Investments | $701K+324.8% | $165K | $0 | $0 | $0-100.0% | $2.1M+0.2% | $2.1M | $0-100.0% |
| Inventory | $1.3M-31.7% | $1.9M+143.4% | $795K-37.4% | $1.3M-17.4% | $1.5M-77.0% | $6.7M+9.0% | $6.1M-76.7% | $26.4M+54.0% |
| Accounts Receivable | N/A | $4.8M-42.1% | $8.4M-29.4% | $11.9M-56.8% | $27.4M-44.7% | $49.6M-36.2% | $77.8M+28.3% | $60.7M+258.7% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $3.1M-40.1% | $5.2M-10.8% |
| Total Liabilities | $19.4M-15.5% | $23.0M-12.0% | $26.1M-17.8% | $31.8M-20.4% | $39.9M-3.4% | $41.3M-20.7% | $52.1M-30.8% | $75.3M-21.6% |
| Current Liabilities | $18.0M-16.3% | $21.5M-8.0% | $23.4M-18.9% | $28.9M-18.6% | $35.4M-11.5% | $40.0M-18.3% | $49.0M-29.7% | $69.8M-20.9% |
| Non-Current Liabilities | $1.4M-3.7% | $1.4M-46.6% | $2.7M-7.1% | $2.9M-35.2% | $4.5M+251.4% | $1.3M-58.4% | $3.1M-43.7% | $5.5M-29.7% |
| Total Equity | $36.5M-19.3% | $45.2M-12.0% | $51.4M-10.6% | $57.5M-15.9% | $68.4M-11.7% | $77.4M-22.0% | $99.2M-2.9% | $102.2M+12.3% |
| Retained Earnings | -$1.3B-0.6% | -$1.3B-0.3% | -$1.3B-0.3% | -$1.3B-0.4% | -$1.2B-0.5% | -$1.2B-1.9% | -$1.2B-0.3% | -$1.2B+1.1% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
UTSI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
UTSI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| UTStarcom Holdings Corp UTSI | FY2025 | $9.0M | -$8.0M | -88.5% | $22.2M | 51/100 |
| Cambium Networks Corporation CMBM | FY2025 | $159.6M | -$38.5M | -24.1% | $11.3M | 38/100 |
| Siyata Mobile, Inc. SYTA | FY2025 | $55.2M | -$31.6M | -57.2% | $38.0M | 31/100 |
| B.O.S. Better On-Line Solutions Ltd. BOSC | FY2025 | $50.6M | $3.6M | 7.1% | $31.3M | 66/100 |
| Airgain, Inc. AIRG | FY2025 | $51.8M | -$6.4M | -12.4% | $55.3M | 55/100 |
Where UTStarcom Holdings Corp Ranks
Frequently Asked Questions
What is UTStarcom Holdings Corp's annual revenue?
UTStarcom Holdings Corp (UTSI) reported $9.0M in total revenue for fiscal year 2025. This represents a -17.5% 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 UTStarcom Holdings Corp's revenue growing?
UTStarcom Holdings Corp (UTSI) revenue declined by 17.5% year-over-year, from $10.9M to $9.0M in fiscal year 2025.
Is UTStarcom Holdings Corp profitable?
No, UTStarcom Holdings Corp (UTSI) reported a net income of -$8.0M in fiscal year 2025, with a net profit margin of -88.5%.
What is UTStarcom Holdings Corp's EBITDA?
UTStarcom Holdings Corp (UTSI) had EBITDA of -$7.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is UTStarcom Holdings Corp's gross margin?
UTStarcom Holdings Corp (UTSI) had a gross margin of 11.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is UTStarcom Holdings Corp's operating margin?
UTStarcom Holdings Corp (UTSI) had an operating margin of -95.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is UTStarcom Holdings Corp's net profit margin?
UTStarcom Holdings Corp (UTSI) had a net profit margin of -88.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is UTStarcom Holdings Corp's return on equity (ROE)?
UTStarcom Holdings Corp (UTSI) has a return on equity of -21.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is UTStarcom Holdings Corp's free cash flow?
UTStarcom Holdings Corp (UTSI) recorded an outflow of $9.2M in free cash flow during fiscal year 2025. This represents a -100.3% 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 UTStarcom Holdings Corp's operating cash flow?
UTStarcom Holdings Corp (UTSI) recorded an outflow of $8.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are UTStarcom Holdings Corp's total assets?
UTStarcom Holdings Corp (UTSI) had $55.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are UTStarcom Holdings Corp's capital expenditures?
UTStarcom Holdings Corp (UTSI) invested $423K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does UTStarcom Holdings Corp spend on research and development?
UTStarcom Holdings Corp (UTSI) invested $4.6M in research and development during fiscal year 2025.
What is UTStarcom Holdings Corp's current ratio?
UTStarcom Holdings Corp (UTSI) had a current ratio of 2.86 as of fiscal year 2025, which is generally considered healthy.
What is UTStarcom Holdings Corp's debt-to-equity ratio?
UTStarcom Holdings Corp (UTSI) had a debt-to-equity ratio of 0.53 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is UTStarcom Holdings Corp's return on assets (ROA)?
UTStarcom Holdings Corp (UTSI) had a return on assets of -14.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is UTStarcom Holdings Corp's P/E ratio?
UTStarcom Holdings Corp (UTSI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $22.2M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is UTStarcom Holdings Corp's price-to-sales ratio?
UTStarcom Holdings Corp (UTSI) trades at 2.5x sales, its market capitalization divided by revenue of $9.0M revenue, FY2025. The market capitalization is $22.2M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does UTStarcom Holdings Corp's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, UTStarcom Holdings Corp (UTSI) held $34.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $8.8M over that year. Dividing the one by the other, the reported balance equals about 47 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is UTStarcom Holdings Corp's Altman Z-Score?
UTStarcom Holdings Corp (UTSI) has an Altman Z-Score of -30.68, 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 UTStarcom Holdings Corp's Piotroski F-Score?
UTStarcom Holdings Corp (UTSI) has a Piotroski F-Score of 1 out of 8 computable signals; 1 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 UTStarcom Holdings Corp's earnings high quality?
UTStarcom Holdings Corp (UTSI) reported a net loss of $8.0M while operations used $8.8M 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 UTStarcom Holdings Corp?
UTStarcom Holdings Corp (UTSI) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.