GCT Semiconductor Holding, Inc. (GCTS) Balance Sheet
GCTS balance sheet, FY2025
September 30, 2025 · U.S. dollars$15.6M assets = $98.9M liabilities + −$83.3M equity
Liabilities exceed assets: shareholders’ equity is negative (−$83.3M).
Both columns are drawn to the same scale: what GCTS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GCTS financial health
Descriptive bands, not a rating. Fiscal FY2025.
GCTS balance sheet trends, FY2021–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $16.8MFY2021 | $15.6MFY2025 | −1.7%/yr | |
| Total liabilities | $505.1MFY2021 | $98.9MFY2025 | −33.5%/yr | |
| Shareholders’ equity | −$488.3MFY2021 | −$83.3MFY2025 | — | |
| Cash & short-term investments | $1.3MFY2021 | $590,000FY2025 | −17.1%/yr | |
| Total debt | $85.5MFY2021 | $63.4MFY2025 | −7.2%/yr | |
| Net cash (debt) | −$84.3MFY2021 | −$62.8MFY2025 | +$21.5M | |
| Working capital | −$90.5MFY2021 | −$67.7MFY2025 | +$22.8M | |
| Book value per share | −$11.12FY2021 | −$1.58FY2025 | — | |
| Current ratio | 0.13FY2021 | 0.15FY2025 | +0.02 | |
| Shares outstanding | 43.9MFY2021 | 52.9MFY2025 | +4.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GCTS assets
GCTS liabilities and equity
GCTS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GCTS balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $590,000 | $1.4M | $258,000 | $1.4M | $1.3M |
| Cash & equivalents | $590,000 | $1.4M | $258,000 | $1.4M | $1.3M |
| Receivables | $8.0M | $10.9M | $8.4M | $5.3M | $6.5M |
| Inventory | $947,000 | $3.0M | $1.8M | $3.5M | $1.7M |
| Other current assets | $2.3M | $2.3M | $2.6M | $2.7M | $3.8M |
| Total current assets | $11.9M | $17.6M | $13.0M | $12.9M | $13.3M |
| Property, plant & equipment (net) | $3.4M | $1.7M | $2.3M | $1.9M | $1.8M |
| Goodwill & intangible assets | $0 | $65,000 | $245,000 | $672,000 | $668,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $381,000 | $523,000 | $881,000 | $993,000 | $997,000 |
| Total assets | $15.6M | $19.9M | $16.4M | $16.5M | $16.8M |
| Liabilities | |||||
| Accounts payable | $628,000 | $1.0M | $17.8M | $19.0M | $12.9M |
| Short-term debt | $57.3M | $38.3M | $73.0M | $49.7M | $76.7M |
| Deferred revenue | — | $48,000 | $48,000 | $651,000 | $767,000 |
| Total current liabilities | $79.6M | $60.9M | $114.8M | $81.9M | $103.8M |
| Long-term debt | $6.0M | $4.9M | $6.2M | $20.0M | $8.8M |
| Lease obligations | $727,000 | $874,000 | $1.5M | $815,000 | $800,000 |
| Other long-term liabilities | $13.3M | $13.3M | $10.8M | $9.5M | $392.5M |
| Total liabilities | $98.9M | $79.2M | $131.9M | $111.4M | $505.1M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $9,000 | $5,000 | $3,000 | $128,000 | $13,000 |
| Retained earnings (deficit) | −$605.4M | −$562.0M | −$549.7M | −$527.2M | −$498.5M |
| Accumulated other comprehensive income | $1.2M | $1.5M | −$1.5M | −$1.9M | −$3.4M |
| Total shareholders' equity | −$83.3M | −$59.3M | −$115.4M | −$94.9M | −$488.3M |
| Key figures | |||||
| Total debt | $63.4M | $43.4M | $80.1M | $70.3M | $85.5M |
| Net cash (debt) | −$62.8M | −$42.0M | −$79.8M | −$68.9M | −$84.3M |
| Working capital | −$67.7M | −$43.3M | −$101.8M | −$69.0M | −$90.5M |
| Tangible book value | −$83.3M | −$59.4M | −$115.7M | −$95.6M | −$489.0M |
| Book value per share | −$1.58 | −$1.30 | −$2.63 | −$2.16 | −$11.12 |
| Shares outstanding | 52.9M | 45.6M | 43.9M | 43.9M | 43.9M |
| Current ratio | 0.15 | 0.29 | 0.11 | 0.16 | 0.13 |
| Quick ratio | 0.11 | 0.20 | 0.08 | 0.08 | 0.07 |
| Equity / assets | −532.4% | −298.1% | −702.7% | −576.2% | −2,910.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $30.2M | $7.2M | $590,000 | $8.3M | $1.3M | $1.0M | $1.4M | $1.8M | $4.0M | $16.1M | $258,000 | $120,000 |
| Cash & equivalents | $30.2M | $7.2M | $590,000 | $8.3M | $1.3M | $1.0M | $1.4M | $1.8M | $4.0M | $16.1M | $258,000 | $120,000 |
| Receivables | $6.3M | $2.4M | $8.1M | $9.3M | $9.8M | $10.1M | $10.9M | $11.6M | $9.8M | $9.4M | $8.4M | $9.8M |
| Inventory | $1.5M | $1.6M | $947,000 | $1.9M | $3.6M | $3.1M | $3.0M | $3.1M | $2.0M | $1.8M | $1.8M | $1.7M |
| Other current assets | $8.7M | $7.9M | $2.3M | $2.3M | $1.1M | $1.2M | $2.3M | $3.4M | $4.8M | $5.5M | $2.6M | $1.9M |
| Total current assets | $46.7M | $19.0M | $11.9M | $21.9M | $15.7M | $15.4M | $17.6M | $20.0M | $20.6M | $32.8M | $13.0M | $13.5M |
| Property, plant & equipment (net) | $2.8M | $3.0M | $3.4M | $2.0M | $1.4M | $1.5M | $1.7M | $1.7M | $1.8M | $2.0M | $2.3M | $2.6M |
| Goodwill & intangible assets | $0 | $0 | $0 | $10,000 | $10,000 | $32,000 | $65,000 | $99,000 | $132,000 | $187,000 | $245,000 | $478,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $336,000 | $358,000 | $381,000 | $404,000 | $444,000 | $499,000 | $523,000 | $810,000 | $837,000 | $857,000 | $881,000 | $906,000 |
| Total assets | $49.8M | $22.4M | $15.6M | $24.3M | $17.6M | $17.5M | $19.9M | $22.6M | $23.4M | $35.8M | $16.4M | $17.4M |
| Liabilities | ||||||||||||
| Accounts payable | $218,000 | $702,000 | $628,000 | $1.1M | $823,000 | $1.4M | $1.0M | $1.1M | $877,000 | $1.2M | $17.8M | $18.3M |
| Short-term debt | $316,000 | $52.6M | $57.3M | $65.1M | $52.3M | $50.8M | $38.3M | $37.6M | $39.3M | $46.2M | $73.0M | $74.3M |
| Deferred revenue | — | — | — | — | $24,000 | $36,000 | $48,000 | $511,000 | $23,000 | $35,000 | $48,000 | $667,000 |
| Total current liabilities | $56.7M | $74.5M | $79.6M | $87.1M | $74.0M | $71.4M | $60.9M | $61.9M | $62.9M | $72.6M | $114.8M | $113.1M |
| Long-term debt | $16.2M | $5.6M | $6.0M | $0 | $0 | $0 | $4.9M | $4.8M | $4.7M | $4.7M | $6.2M | $0 |
| Lease obligations | $347,000 | $526,000 | $727,000 | $435,000 | $614,000 | $703,000 | $874,000 | $1.1M | $1.2M | $1.4M | $1.5M | $1.7M |
| Other long-term liabilities | $28.9M | $16.2M | $13.3M | $17.3M | $13.6M | $11.7M | $13.3M | $14.1M | $14.1M | $20.9M | $10.8M | $10.1M |
| Total liabilities | $101.8M | $96.3M | $98.9M | $104.4M | $87.6M | $83.1M | $79.2M | $80.9M | $81.7M | $98.2M | $131.9M | $123.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $9,000 | $7,000 | $6,000 | $6,000 | $6,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $3,000 | $129,000 |
| Retained earnings (deficit) | −$635.6M | −$615.3M | −$605.4M | −$596.4M | −$582.5M | −$569.0M | −$562.0M | −$557.1M | −$549.9M | −$548.9M | −$549.7M | −$539.5M |
| Accumulated other comprehensive income | $2.8M | $2.4M | $1.2M | $630,000 | −$225,000 | $1.5M | $1.5M | −$946,000 | $234,000 | −$474,000 | −$1.5M | −$476,000 |
| Total shareholders' equity | −$52.0M | −$73.9M | −$83.3M | −$80.1M | −$70.0M | −$65.6M | −$59.3M | −$58.3M | −$58.3M | −$62.4M | −$115.4M | −$105.7M |
| Key figures | ||||||||||||
| Total debt | $347,000 | $58.2M | $63.4M | $65.1M | $52.4M | $50.9M | $43.4M | $42.7M | $44.4M | $51.5M | $80.1M | $75.3M |
| Net cash (debt) | $29.9M | −$51.0M | −$62.8M | −$56.8M | −$51.1M | −$49.8M | −$42.0M | −$40.9M | −$40.4M | −$35.4M | −$79.8M | −$75.1M |
| Working capital | −$10.1M | −$55.5M | −$67.7M | −$65.2M | −$58.3M | −$56.0M | −$43.3M | −$41.9M | −$42.3M | −$39.8M | −$101.8M | −$99.6M |
| Tangible book value | −$52.0M | −$73.9M | −$83.3M | −$80.2M | −$70.0M | −$65.7M | −$59.4M | −$58.4M | −$58.4M | −$62.5M | −$115.7M | −$106.2M |
| Book value per share | −$0.63 | −$1.12 | −$1.58 | −$1.45 | −$1.35 | −$1.38 | −$1.30 | −$1.28 | −$1.32 | −$1.42 | −$2.63 | −$2.41 |
| Shares outstanding | 82.6M | 66.1M | 52.9M | 55.5M | 51.7M | 47.6M | 45.6M | 45.6M | 44.1M | 44.0M | 43.9M | 43.9M |
| Current ratio | 0.82 | 0.26 | 0.15 | 0.25 | 0.21 | 0.22 | 0.29 | 0.32 | 0.33 | 0.45 | 0.11 | 0.12 |
| Quick ratio | 0.64 | 0.13 | 0.11 | 0.20 | 0.15 | 0.16 | 0.20 | 0.22 | 0.22 | 0.35 | 0.08 | 0.09 |
| Equity / assets | −104.4% | −330.4% | −532.4% | −330.2% | −397.2% | −375.5% | −298.1% | −257.5% | −249.4% | −174.1% | −702.7% | −606.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 25, 2026); data from EODHD.
GCTS financial position
At the end of fiscal 2025 (September 30, 2025), GCT Semiconductor had total assets of $15.6 million (down 21.4% from a year earlier), total liabilities of $98.9 million and shareholders' equity of -$83.3 million. It held $0.6 million in cash and short-term investments against $63.4 million of debt, net debt of $62.8 million. Its current ratio was 0.15. In the latest quarter (ended June 30, 2026) total assets were $49.8 million and equity -$52.0 million.
Related: GCTS income statement, GCTS cash flow statement, GCTS key metrics. See the GCTS stock overview for the latest quote and news.
GCTS balance sheet FAQ
What are GCT Semiconductor's total assets?
GCT Semiconductor reported total assets of $15.6 million at the end of fiscal 2025 (September 30, 2025), compared with $19.9 million a year earlier.
How much debt does GCT Semiconductor have?
GCT Semiconductor had $63.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does GCT Semiconductor have?
GCT Semiconductor held $0.6 million in cash and short-term investments at the end of fiscal 2025; with $63.4 million of debt that is net debt of $62.8 million.
What is GCT Semiconductor's book value?
GCT Semiconductor's shareholders' equity (book value) was -$83.3 million at the end of fiscal 2025, or −$1.58 per share.
What is GCT Semiconductor's current ratio?
GCT Semiconductor had current assets of $11.9 million and current liabilities of $79.6 million, a current ratio of 0.15 (current liabilities exceed current assets).