Every 10-Q that GD CULTURE GROUP LTD (GDC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GDC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GDC filings page.
GD Culture Group Limited (GDC) reported a sharp deterioration in results for the six months ended June 30, 2026, driven by fair value movements in its large Bitcoin position. The company recorded a net loss of $216.2 million, versus $2.5 million a year earlier, mainly due to an unrealized loss of $211.8 million on digital assets under new fair-value accounting.
Total assets were $500.4 million, including $451.2 million of Bitcoin (7,500 units) and $10.3 million of software intangibles, against only $1.9 million of total liabilities. Cash and cash equivalents were $7.2 million and working capital about $36.6 million, supported by equity financings: an April 2026 at-the-market program that sold 2.88 million shares for roughly $42 million of net proceeds, and a June 2026 registered direct offering raising about $4.9 million. The company invested $6.0 million to acquire the Fato and Fictoiv AI storytelling software and prepaid a further $9.0 million for R&D and marketing. A 1‑for‑250 reverse stock split became effective on June 29, 2026, lifting common shares outstanding to 4,162,500 post-offering. Management concluded it has sufficient liquidity for at least 12 months, but highlighted significant Bitcoin price risk and stated that disclosure controls and procedures were not effective as of quarter end.
GD Culture Group reported a sharp widening of its loss for the three months ended March 31, 2026, driven by mark-to-market changes on its Bitcoin holdings. The company recorded a net loss of $164.1 million, compared with about $1.0 million a year earlier.
The key driver was an unrealized loss of $162.5 million on digital assets as Bitcoin values declined, even though the company still held 7,500 units with a reported fair value of about $501 million. Operating expenses also rose, with general and administrative costs of $1.35 million and research and development spending of $0.3 million tied to its interactive fiction platform.
Liquidity remains tight: cash was $16,805 and working capital showed a deficit of roughly $1.7 million. The CEO advanced $310,000 via a non-interest-bearing, on-demand loan and signed a support letter covering at least 12 months, and management concluded it has sufficient liquidity over that horizon. The company continues to pivot from prior AI initiatives toward developing an AI-augmented interactive reading and narrative entertainment platform, which is still in the development stage and not yet generating commercial revenue.
GD Culture Group (GDC) reported a sharp turnaround to profit, posting Q3 2025 net income of $12,088,469, driven primarily by an $16,230,431 unrealized gain from fair value changes of its digital assets.
The company acquired Pallas on September 29, 2025, adding 7,500 units of Bitcoin held as long-term reserve; the Bitcoin’s fair value was $857,735,191 as of September 30, 2025. For the nine months, net income was $9,611,905 after $1,664,903 of income tax expense. Total assets rose to $865,999,639 with shareholders’ equity of $862,156,751.
Liquidity remains tight with cash of $225,072 and a working capital deficit of approximately $2.3 million, though management believes liquidity is sufficient for the next 12 months. In 2025, GDC raised capital via offerings, including $910,000 net in March and $4,143,657 net by September from a May deal, largely for working capital. Subsequent events include increasing authorized shares to 10,000,000,000 common and 1,000,000,000 preferred, and a private placement of 1,333,334 shares for $2.8 million on October 24, 2025 for working capital.
GD Culture Group Limited (GDC) operates AI-driven digital human creation and live-stream e-commerce. As of June 30, 2025, the Company reported $1,117,760 in cash and approximately $1.5 million of working capital, with total assets of $10,575,051 up from $2,734,987 at December 31, 2024. The increase in assets reflects a $5.99 million issuance of common stock to acquire the Chat Box software and previously purchased AIBox software, producing intangible assets net of $6,666,696.
The Company recorded a six-month net loss of $2,476,564 for the period ended June 30, 2025, improved from $7,750,451 in the comparable 2024 period, and loss per share of $0.18 versus $0.93 the prior year. Operating activities used $3,708,974 of cash during the six months while financing activities provided $4,804,172, including proceeds from March and May 2025 offerings (May gross subscriptions of $4,478,000 with $17,390 receivable). Management evaluated going concern and concluded it has sufficient liquidity for at least the next twelve months and noted CEO support if needed.