GigaMedia Announces Fourth-Quarter and Full Year 2025 Financial Results
Rhea-AI Summary
GigaMedia (NASDAQ: GIGM) reported unaudited results for FY2025 and 4Q25. FY2025 revenues were $3.47M (up 17.0% YoY) with gross profit $1.82M (+23.5%). Loss from operations was $3.60M and net loss was $1.51M, improved from $2.30M in 2024.
Year-end cash and equivalents totaled $29.05M (down 17.2% YoY), net asset value was about $3.49 per share, and shareholders’ equity was ~$38.5M. 4Q25 revenues were $0.83M, down 9.3% Q/Q and up 10.1% Y/Y.
Positive
- Revenue +17.0% YoY to $3.47M
- Gross profit +23.5% YoY to $1.82M
- Net loss narrowed from $2.30M to $1.51M
Negative
- Operating loss remained large at $3.60M
- Cash decline of 17.2% YoY to $29.05M
- Negative EBITDA of $(3.13)M for FY2025
News Market Reaction – GIGM
In the Mar 26 session, GIGM gained 1.67%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Oct 30 | Quarterly earnings | Neutral | -3.0% | 3Q25 showed revenue and gross profit growth but ongoing operating and net losses. |
| Jul 31 | Quarterly earnings | Positive | +5.0% | Q2 2025 delivered revenue growth and positive net income helped by FX gains. |
| May 05 | Quarterly earnings | Neutral | -1.6% | Q1 2025 reported higher revenues and gross profit but larger quarterly losses. |
| Mar 28 | Annual results | Negative | -6.8% | FY2024 showed revenue decline versus 2023 despite improved net loss and strong cash. |
| Oct 30 | Quarterly earnings | Neutral | +1.1% | Q3 2024 mixed: QoQ revenue growth but significant YoY decline and continued losses. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings headlines have historically generated modest moves, with an average same-tag reaction of about -1.06%, and a mix of positive and negative responses to generally mixed fundamental trends.
Over the past year, GigaMedia’s earnings news has highlighted revenue recovery and a consistently strong cash position. FY2024 results showed revenue pressure but solid liquidity. Through 2025, Q1–Q3 updates reported improving revenues, fluctuating operating losses, and sizeable cash balances. Today’s Q4/FY2025 release continues that pattern of gradual revenue growth with narrowed net losses and maintained cash, extending the same strategic themes around product development and selective investments.
Key Terms
ebitda financial
non-gaap financial
gaap financial
net asset value financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Highlights
For 2025, GigaMedia reported revenues of
The revenues increased by
On the balance sheet side, we maintained a solid financial position with a small cash burn rate in 2025, and our cash, cash equivalents and restricted cash amounted to
In 2025, we have been revitalizing our licensed games and enhancing our product developing sophistication for further expanding our product and service offerings. We believe in-house developing capability is very essential in boosting our productivity and accelerating the growth of our business.
Fourth Quarter and Full Year Overview
- Consolidated 4Q revenues decreased by
9.3% quarter-on-quarter mainly due to seasonality, while increased by10.1% year-over-year due to our efforts in promoting players' participation. Full year revenues increased by17.0% to$3.5 million $3.0 million - Loss from operations for 4Q was
$0.7 million $1.0 million $3.6 million $3.7 million - The net asset value was approximately
$3.49
Unaudited Consolidated Financial Results
GigaMedia Limited is a diversified provider of digital entertainment services. GigaMedia's digital entertainment service business FunTown develops and operates a suite of digital entertainments in
Unaudited consolidated results of GigaMedia are summarized in the table below.
For the Full Year 2025
GIGAMEDIA FY25 UNAUDITED CONSOLIDATED FINANCIAL RESULTS | ||||||||||||
(unaudited, all figures in US$ thousands, except per share amounts) | FY25 | FY24 | Change | |||||||||
Revenues | 3,474 | 2,969 | 17.0 | % | ||||||||
Gross Profit | 1,821 | 1,475 | 23.5 | % | ||||||||
Loss from Operations | (3,602) | (3,701) | NM | |||||||||
Net Loss Attributable to GigaMedia | (1,514) | (2,296) | NM | |||||||||
Net Loss Per Share Attributable to GigaMedia, Diluted | (0.14) | (0.21) | NM | |||||||||
EBITDA (A) | (3,130) | (4,201) | NM | |||||||||
Cash, Cash Equivalents and Restricted Cash | 29,053 | 35,094 | -17.2 | % | ||||||||
NM= Not Meaningful | ||||||||||||
(A) EBITDA (earnings before interest, taxes, depreciation, and amortization) is provided as a supplement to results provided in | ||||||||||||
- Consolidated revenues for the year ended December 31, 2025 was
$3.5 million $3.0 million - Consolidated loss from operations for 2025 was
$3.6 million $3.7 million - Consolidated net loss for 2025 was
$1.5 million $2.3 million $0.14 $0.21 - Cash, cash equivalents and restricted cash at the year end of 2025 amounted to
$29.1 million
For the Fourth Quarter
GIGAMEDIA 4Q25 UNAUDITED CONSOLIDATED FINANCIAL RESULTS | ||||||||||||||||||||||||
(unaudited, all figures in US$ thousands, except per | 4Q25 | 3Q25 | Change | 4Q25 | 4Q24 | Change | ||||||||||||||||||
Revenues | 831 | 916 | -9.3 | % | 831 | 755 | 10.1 | % | ||||||||||||||||
Gross Profit | 426 | 458 | -7.0 | % | 426 | 398 | 7.0 | % | ||||||||||||||||
Loss from Operations | (716) | (998) | NM | (716) | (531) | NM | ||||||||||||||||||
Net Loss Attributable to GigaMedia | (710) | (971) | NM | (710) | (462) | NM | ||||||||||||||||||
Net Loss Per Share Attributable to | (0.06) | (0.09) | NM | (0.06) | (0.04) | NM | ||||||||||||||||||
EBITDA (A) | (1,098) | (1,371) | NM | (1,098) | (918) | NM | ||||||||||||||||||
Cash, Cash Equivalents and Restricted | 29,053 | 29,386 | -1.1 | % | 29,053 | 35,094 | -17.2 | % | ||||||||||||||||
NM= Not Meaningful | ||||||||||||||||||||||||
(A) EBITDA (earnings before interest, taxes, depreciation, and amortization) is provided as a supplement to results provided in | ||||||||||||||||||||||||
Fourth-Quarter Financial Results
- Consolidated revenues for the fourth quarter of 2025 decreased by
9.3% quarter-on-quarter mainly due to seasonality, while increased by10.1% year-over-year mainly due to our efforts in promoting players' participation. - Consolidated loss from operations of the fourth quarter of 2025 was
$0.7 million $1.0 million - Consolidated net loss of the fourth quarter of 2025 was
$0.7 million $1.0 million - Cash, cash equivalents and restricted cash at the end of the fourth quarter of 2025 amounted to
$29.1 million
Financial Position
GigaMedia maintained its solid financial position. Cash, cash equivalents and restricted cash amounted to
Business Outlook
The following forward-looking statements reflect GigaMedia's expectations as of March 26, 2026. Given potential changes in economic conditions and consumer spending, the evolving nature of digital entertainments, and various other risk factors, including those discussed in the Company's 2024 Annual Report on Form 20-F filed with the
"In the following quarters, we will be dedicated to improving our in-house offerings as well as maintaining satisfactory working relationships with our licensors," said GigaMedia CEO James Huang. "It is very critical to our steady growth and long-term profitability for future years."
Meanwhile, besides our investments in Aeolus Robotics, our management continues evaluating and pursuing prospects of strategic investment target that are with potential to expand our business and create greater shareholder value.
Use of Non-GAAP Measures
To supplement GigaMedia's consolidated financial statements presented in accordance with
About the Numbers in This Release
Unaudited results
All quarterly and certain annual results referred to in the text, tables and attachments to this release are unaudited. The financial statements from which the financial results reported in this press release are derived have been prepared in accordance with
Q&A
For Q&A regarding the fourth quarter and full year 2025 performance upon the release, investors may send the questions via email to IR@gigamedia.com.tw and the responses will be replied individually.
About GigaMedia
Headquartered in
The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding expected financial performance (as described without limitation in the "Business Outlook" section and in quotations from management in this press release) and GigaMedia's strategic and operational plans. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, including but not limited to, our ability to license, develop or acquire additional digital entertainment products or services that are appealing to users, our ability to retain existing users and attract new users, and our ability to launch digital entertainment products and services in a timely manner and pursuant to our anticipated schedule. Further information on risks or other factors that could cause results to differ is detailed in GigaMedia's Annual Report on Form 20-F filed in April 2025 and its other filings with the United States Securities and Exchange Commission.
(Tables to follow)
GIGAMEDIA LIMITED
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands of US dollars, except for earnings per share amounts)
Three months ended | Twelve months ended | |||||||||||||||||||
2025/12/31 | 2025/9/30 | 2024/12/31 | 2025/12/31 | 2024/12/31 | ||||||||||||||||
unaudited | unaudited | unaudited | unaudited | audited | ||||||||||||||||
Operating revenues | ||||||||||||||||||||
Digital entertainment service revenues | 831 | 916 | 755 | 3,474 | 2,969 | |||||||||||||||
831 | 916 | 755 | 3,474 | 2,969 | ||||||||||||||||
Operating costs | ||||||||||||||||||||
Cost of digital entertainment service | 405 | 458 | 357 | 1,653 | 1,494 | |||||||||||||||
405 | 458 | 357 | 1,653 | 1,494 | ||||||||||||||||
Gross profit | 426 | 458 | 398 | 1,821 | 1,475 | |||||||||||||||
Operating expenses | ||||||||||||||||||||
Product development and engineering | 145 | 166 | 164 | 663 | 694 | |||||||||||||||
Selling and marketing expenses | 506 | 413 | 351 | 1,673 | 1,451 | |||||||||||||||
General and administrative expenses and | 491 | 878 | 414 | 3,086 | 3,030 | |||||||||||||||
Provision for expected credit losses | — | (1) | — | 1 | 1 | |||||||||||||||
1,142 | 1,456 | 929 | 5,423 | 5,176 | ||||||||||||||||
Loss from operations | (716) | (998) | (531) | (3,602) | (3,701) | |||||||||||||||
Non-operating income (expense) | ||||||||||||||||||||
Interest income | 404 | 420 | 471 | 1,683 | 1,964 | |||||||||||||||
Foreign exchange gain (loss) - net | (414) | (381) | (246) | 402 | (427) | |||||||||||||||
Gain on disposal of investments | — | — | — | — | — | |||||||||||||||
Changes in the fair value of investment in | 2 | 2 | (167) | (2) | (161) | |||||||||||||||
Other - net | 14 | (14) | 11 | 5 | 29 | |||||||||||||||
6 | 27 | 69 | 2,088 | 1,405 | ||||||||||||||||
Loss before income taxes | (710) | (971) | (462) | (1,514) | (2,296) | |||||||||||||||
Income tax expense | — | — | — | — | — | |||||||||||||||
Net loss attributable to shareholders of | (710) | (971) | (462) | (1,514) | (2,296) | |||||||||||||||
Loss per share attributable to GigaMedia | ||||||||||||||||||||
Basic: | (0.06) | (0.09) | (0.04) | (0.14) | (0.21) | |||||||||||||||
Diluted: | (0.06) | (0.09) | (0.04) | (0.14) | (0.21) | |||||||||||||||
Weighted average shares outstanding: | ||||||||||||||||||||
Basic: | 11,052 | 11,052 | 11,052 | 11,052 | 11,052 | |||||||||||||||
Diluted: | 11,052 | 11,052 | 11,052 | 11,052 | 11,052 | |||||||||||||||
GIGAMEDIA LIMITED
CONSOLIDATED BALANCE SHEETS
(in thousands of US dollars)
2025/12/31 | 2025/9/30 | 2024/12/31 | ||||||||||
unaudited | unaudited | audited | ||||||||||
Assets | ||||||||||||
Current assets | ||||||||||||
Cash and cash equivalents | 28,740 | 29,073 | 34,781 | |||||||||
Marketable securities - current | 4,608 | — | — | |||||||||
Accounts receivable - net | 108 | 140 | 141 | |||||||||
Prepaid expenses | 103 | 148 | 69 | |||||||||
Restricted cash | 313 | 313 | 313 | |||||||||
Other receivables | 671 | 241 | 2 | |||||||||
Other current assets | 139 | 142 | 127 | |||||||||
Total current assets | 34,682 | 30,057 | 35,433 | |||||||||
Marketable securities - noncurrent | 5,038 | 9,620 | 5,441 | |||||||||
Property, plant & equipment - net | 93 | 97 | 101 | |||||||||
Intangible assets - net | 4 | 2 | 7 | |||||||||
Prepaid licensing and royalty fees | 25 | 56 | 147 | |||||||||
Other assets | 757 | 1,401 | 1,229 | |||||||||
Total assets | 40,599 | 41,233 | 42,358 | |||||||||
Liabilities and equity | ||||||||||||
Accounts payable | 56 | 44 | 38 | |||||||||
Accrued compensation | 387 | 419 | 174 | |||||||||
Accrued expenses | 723 | 873 | 571 | |||||||||
Unearned revenue | 558 | 570 | 578 | |||||||||
Other current liabilities | 186 | 323 | 570 | |||||||||
Total current liabilities | 1,910 | 2,229 | 1,931 | |||||||||
Other liabilities | 167 | 182 | 84 | |||||||||
Total liabilities | 2,077 | 2,411 | 2,015 | |||||||||
Total equity | 38,522 | 38,822 | 40,343 | |||||||||
Total liabilities and equity | 40,599 | 41,233 | 42,358 | |||||||||
GIGAMEDIA LIMITED
RECONCILIATIONS OF NON-GAAP RESULTS OF OPERATIONS
(in thousands of US dollars)
Three months ended | Twelve months ended | |||||||||||||||||||
2025/12/31 | 2025/9/30 | 2024/12/31 | 2025/12/31 | 2024/12/31 | ||||||||||||||||
unaudited | unaudited | unaudited | unaudited | unaudited | ||||||||||||||||
Reconciliation of Net Income (Loss) | ||||||||||||||||||||
Net loss attributable to GigaMedia | (710) | (971) | (462) | (1,514) | (2,296) | |||||||||||||||
Depreciation | 14 | 18 | 13 | 58 | 49 | |||||||||||||||
Amortization | 2 | 2 | 2 | 9 | 10 | |||||||||||||||
Interest income | (404) | (420) | (471) | (1,683) | (1,964) | |||||||||||||||
Interest expense | — | — | — | — | — | |||||||||||||||
Income tax expense | — | — | — | — | — | |||||||||||||||
EBITDA | (1,098) | (1,371) | (918) | (3,130) | (4,201) | |||||||||||||||
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SOURCE GigaMedia