Financial Statements — GCT
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 |
|---|
| Cash & Equivalents | 0.33 | 0.33 | 0.24 | 0.25 | 0.22 | 0.19 | 0.19 |
| Short-term Investments | 0.03 | 0.03 | 0.06 | 0.04 | 0.04 | 0.02 | 0.01 |
| Accounts Receivable | 0.08 | 0.06 | 0.07 | 0.07 | 0.06 | 0.07 | 0.06 |
| Inventory | 0.24 | 0.18 | 0.19 | 0.20 | 0.18 | 0.20 | 0.19 |
| Total Current Assets | 0.71 | 0.62 | 0.58 | 0.58 | 0.53 | 0.49 | 0.46 |
| Property, Plant & Equipment | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
| Goodwill | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Intangible Assets | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Non-current Assets | 0.52 | 0.50 | 0.51 | 0.51 | 0.55 | 0.56 | 0.52 |
| Total Assets | 1.23 | 1.12 | 1.08 | 1.09 | 1.07 | 1.06 | 0.98 |
| Accounts Payable | 0.10 | 0.08 | 0.07 | 0.09 | 0.07 | 0.08 | 0.09 |
| Total Current Liabilities | 0.34 | 0.30 | 0.27 | 0.29 | 0.25 | 0.25 | 0.25 |
| Total Non-current Liabilities | 0.38 | 0.37 | 0.38 | 0.39 | 0.43 | 0.45 | 0.41 |
| Total Liabilities | 0.72 | 0.67 | 0.65 | 0.68 | 0.67 | 0.70 | 0.66 |
| Retained Earnings | 0.43 | 0.38 | 0.34 | 0.33 | 0.27 | 0.23 | 0.20 |
| Total Stockholder Equity | 0.51 | 0.46 | 0.43 | 0.41 | 0.40 | 0.36 | 0.32 |
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 |
|---|
| Total Revenue | 359.49 | 362.75 | 332.64 | 322.61 | 271.91 | 295.78 | 303.32 | 310.87 | 251.08 | 244.74 |
| Cost of Revenue* | 273.64 | 279.80 | 255.59 | 245.66 | 208.18 | 230.79 | 226.07 | 234.42 | 184.53 | 174.90 |
| Gross Profit | 85.85 | 82.95 | 77.05 | 76.94 | 63.73 | 64.99 | 77.25 | 76.45 | 66.55 | 69.84 |
| Research & Development | 2.36 | 2.62 | 2.53 | 3.18 | 2.49 | 2.36 | 2.58 | 3.10 | 1.76 | 2.34 |
| Selling, General & Admin | 9.76 | 10.68 | 8.51 | 13.03 | 14.34 | 16.98 | 15.30 | 26.28 | 15.39 | 13.13 |
| Total Operating Expenses | 43.37 | 42.66 | 36.53 | 41.10 | 35.40 | 37.36 | 36.53 | 49.00 | 31.73 | 32.71 |
| Operating Income | 42.48 | 40.29 | 40.52 | 35.84 | 28.32 | 27.63 | 40.72 | 27.45 | 34.82 | 37.12 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.08 | -- |
| Pretax Income | 45.92 | 43.70 | 44.03 | 40.95 | 32.51 | 30.39 | 47.87 | 29.03 | 33.32 | 42.85 |
| Tax Provision | 7.79 | 5.20 | 6.86 | 6.40 | 5.36 | (0.57) | 7.19 | 2.07 | 6.13 | 7.27 |
| Net Income | 38.12 | 38.50 | 37.17 | 34.55 | 27.15 | 30.96 | 40.69 | 26.97 | 27.20 | 35.58 |
| Basic EPS | 1.04 | 1.02 | 0.99 | 0.91 | 0.68 | 0.76 | 0.98 | 0.65 | 0.67 | 0.88 |
| Diluted EPS | 1.04 | 1.01 | 0.99 | 0.91 | 0.68 | 0.76 | 0.98 | 0.65 | 0.66 | 0.87 |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 |
|---|
| Operating Cash Flow | (21.73) | 64.37 | 78.25 | 38.61 | 9.43 | 68.42 | 55.24 | 19.11 | 15.31 |
| Capital Expenditures | 4.47 | 2.71 | 1.19 | 1.58 | 2.40 | 1.50 | 3.84 | 6.20 | 3.99 |
| Free Cash Flow* | (26.20) | 61.66 | 77.06 | 37.03 | 7.04 | 66.92 | 51.40 | 12.91 | 11.32 |
| Investing Cash Flow | (14.81) | (8.65) | 27.74 | (28.80) | 4.63 | (1.38) | (23.64) | (17.93) | (12.47) |
| Financing Cash Flow | (12.41) | (10.12) | (11.45) | (23.44) | (22.77) | (23.38) | (0.44) | (0.14) | (0.59) |
* Derived from reported values
