GCT Semiconductor Holding, Inc.
Business
GCT Semiconductor Holding, Inc. is a fabless semiconductor company specializing in the design and sale of communication semiconductors, including 5G/4G RF transceivers and modems for wireless applications. The company offers baseband modem solutions, RF transceivers, and integrated system-on-chip (SoC) solutions serving CPE (customer premise equipment), mobile routers, IoT modules, and industrial applications. GCT operates through subsidiaries in South Korea (R&D), sales offices in Taiwan, China, and Japan, and headquarters in San Jose, California, with products sold to wireless operators, ODMs, OEMs, and distributors globally.
Summary from 10-K filed 2026-03-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Total net revenues | 3 | 9 | 16 | — | |
| Total cost of net revenues | 5 | 4 | 9 | — | |
| Gross profit (loss) | −2 | 5 | 7 | — | |
| Research and development | 14 | 17 | 11 | — | |
| Sales and marketing | 4 | 4 | 3 | — | |
| General and administrative | 16 | 11 | 7 | — | |
| Gain on extinguishment of liability | 0 | −15 | — | — | |
| Loss on impairment of long-lived assets | 0 | 800,000 | 0 | — | |
| Total operating expenses | 35 | 18 | 21 | — | |
| Loss from operations | −37 | −13 | −15 | −1 | |
| Interest expense | −6 | −4 | −6 | — | |
| Gain (loss) on foreign currency transactions, net | −784,000 | 5 | — | — | |
| Change in fair value of common stock warrant liabilities | 880,000 | 2 | −3 | 21 | |
| Change in fair value of convertible promissory notes | −336,000 | −1 | −1 | — | |
| Change in fair value of common stock forward liability | 312,000 | −586,000 | — | — | |
| Other income, net | 24,000 | 213,000 | 38,000 | — | |
| Loss before provision for income taxes | −42 | −12 | −22 | 25 | |
| Provision for income taxes | 902,000 | 445,000 | 541,000 | −995,207 | |
| Net loss | −43 | −12 | −22 | 24 | |
| Net loss per common share - basic | −0.82 | −0.3 | −0.94 | — | |
| Net loss per common share - diluted | −0.82 | −0.3 | −0.94 | — | |
| Weighted average number of common shares used in computing net loss per common share - basic | 53 | 41 | 24 | — | |
| Weighted average number of common shares used in computing net loss per common share - diluted | 53 | 41 | 24 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-04-30 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 600,000 | 1 | — | 258,000 | 521,149 | |
| Accounts receivable, net | 3 | 6 | — | 5 | — | |
| Inventory | 947,000 | 3 | — | 1 | — | |
| Contract assets | 5 | 5 | — | 3 | 886,000 | |
| Prepaid expenses and other current assets | 2 | 2 | — | 3 | 331,453 | |
| Total current assets | 12 | 18 | — | 13 | 852,602 | |
| Property and equipment, net | 3 | 869,000 | — | 772,000 | — | |
| Operating lease right-of-use assets | 708,000 | 849,000 | — | 2 | — | |
| Intangibles, net | 0 | 65,000 | — | 245,000 | — | |
| Other assets | 381,000 | 523,000 | — | 881,000 | — | |
| Total assets | 16 | 20 | — | 16 | 357 | |
| Accounts payable | 628,000 | 1 | — | 18 | — | |
| Contract liabilities | 0 | 48,000 | — | 48,000 | — | |
| Accrued and other current liabilities | 22 | 21 | — | 24 | — | |
| Common stock forward liability | 3,000 | 315,000 | 600,000 | — | — | |
| Borrowings | 57 | 38 | — | 45 | — | |
| Operating lease liabilities, current | 686,000 | 697,000 | — | 680,000 | — | |
| Total current liabilities | 80 | 61 | — | 115 | 574,800 | |
| Convertible promissory notes, net of current | 6 | 5 | — | 6 | — | |
| Net defined benefit liabilities | 8 | 7 | — | 8 | — | |
| Long-term operating lease liabilities | 41,000 | 177,000 | — | 850,000 | — | |
| Other taxes payable | 2 | 2 | — | 2 | — | |
| Warrant liabilities | 3 | 4 | — | — | — | |
| Other liabilities | 531,000 | 285,000 | — | 108,000 | — | |
| Total liabilities | 99 | 79 | — | 132 | 15 | |
| Commitments and contingencies (Note 8) | — | — | — | — | — | |
| Preferred stock, par value $0.0001 per share; 40,000 shares authorized as of December 31, 2025 and 2024; no shares issued and outstanding as of December 31, 2025 and 2024 | — | — | — | — | — | |
| Common stock, par value $0.0001 per share; 400,000 shares authorized as of December 31, 2025 and 2024; 58,137 and 47,987 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 6,000 | 5,000 | — | 3,000 | — | |
| Additional paid-in capital | 521 | 501 | — | 436 | — | |
| Accumulated other comprehensive income | 1 | 2 | — | −2 | — | |
| Accumulated deficit | −605 | −562 | — | −550 | −14 | |
| Total stockholders' deficit | −83 | −59 | — | −115 | −95 | |
| Total liabilities and stockholders' deficit | 16 | 20 | — | 16 | 357 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Net loss | −43 | −12 | −22 | 24 | |
| Depreciation and amortization | 744,000 | 691,000 | 1 | — | |
| Loss on impairment of long-lived assets | — | 787,000 | 0 | — | |
| Amortization of right-of-use assets | 707,000 | 634,000 | 728,000 | — | |
| Stock-based compensation | 6 | 3 | 43,000 | — | |
| Issuance of common stock to underwriter | — | 667,000 | — | — | |
| Change in provision for credit losses | 3 | −431,000 | 1 | — | |
| Change in fair value of convertible promissory notes | 336,000 | 1 | 1 | — | |
| Accounts receivable | 330,000 | −339,000 | −2 | — | |
| Inventory | 2 | −1 | 2 | — | |
| Contract assets | −325,000 | −2 | −3 | — | |
| Prepaid expenses and other current assets | 187,000 | 1 | −233,000 | — | |
| Other assets | 142,000 | −327,000 | 112,000 | — | |
| Accounts payable | −402,000 | −3 | 296,000 | — | |
| Contract liabilities | −48,000 | — | −603,000 | — | |
| Accrued and other current liabilities | 1 | −3 | 11 | — | |
| Net defined benefit liabilities | 536,000 | 480,000 | 784,000 | — | |
| Other taxes payable | −23,000 | 91,000 | — | — | |
| Lease liabilities | −917,000 | −620,000 | −707,000 | — | |
| Other liabilities | 244,000 | −233,000 | 32,000 | — | |
| Net cash used in operating activities | −31 | −31 | −9 | −2 | |
| Purchases of property and equipment | −2 | −542,000 | −331,000 | — | |
| Net cash used in investing activities | −2 | −542,000 | −331,000 | 822,658 | |
| Proceeds from reverse recapitalization and PIPE Financing, net of transaction costs | — | 17 | — | — | |
| Proceeds from issuance of convertible promissory notes | 2 | 16 | 2 | — | |
| Proceeds from borrowings | 22 | 12 | 8 | — | |
| Proceeds from issuance of common stock under common stock purchase agreement | 190,000 | 9 | — | — | |
| Proceeds from issuance of common stock under at-market agreement | 2 | — | — | — | |
| Proceeds from issuance of common stock and common stock warrants in a private placement | — | 2 | — | — | |
| Proceeds from issuance of common stock and common stock warrants in a registered direct offering | 11 | — | — | — | |
| Proceeds from exercise of stock options | 21,000 | 15,000 | 23,000 | — | |
| Payment of common stock issuance costs | −1 | — | — | — | |
| Tax withholding on restricted stock units | −11,000 | — | — | — | |
| Repayments of borrowings | −4 | −14 | −2 | — | |
| Repayments of convertible promissory notes | — | −6 | −500,000 | — | |
| Net cash provided by financing activities | 32 | 36 | 8 | — | |
| Effect of exchange rate changes on cash and cash equivalents | −5,000 | −4 | −131,000 | — | |
| Net increase (decrease) in cash and cash equivalents | −845,000 | 1 | −1 | −693,406 | |
| Cash paid for interest | 6 | 5 | 2 | — | |
| Cash paid for income taxes | 324,000 | 269,000 | 116,000 | — | |
| Cash paid for operating leases | 728,000 | 744,000 | 766,000 | — | |
| Issuance of common stock from conversion of convertible promissory notes | 1 | 41 | 72,000 | — | |
| Settlement of common stock forward liability in equity | — | 271,000 | — | — | |
| Proceeds from issuance of common stock withheld for outstanding payables | — | 975,000 | — | — | |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | 549,000 | 54,000 | 1 | — | |
| Purchase of property and equipment in accrued expenses and other current liabilities | 58,000 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is GCT Semiconductor Holding, Inc.'s CIK number?
GCT Semiconductor Holding, Inc.'s SEC CIK number is 0001851961 (1851961). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find GCT Semiconductor Holding, Inc.'s SEC filings?
All of GCT Semiconductor Holding, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did GCT Semiconductor Holding, Inc. last report earnings?
GCT Semiconductor Holding, Inc. (GCTS-WT) most recently filed an earnings 8-K with the SEC on Jun 18, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000929638-26-002281). This is GCT Semiconductor Holding, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is GCT Semiconductor Holding, Inc.'s most recent earnings 8-K?
GCT Semiconductor Holding, Inc.'s latest earnings 8-K (Item 2.02) was filed Jun 18, 2026 under accession 0000929638-26-002281. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View GCT Semiconductor Holding, Inc.'s latest earnings 8-K →
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