--- title: "GCT Semiconductor Holding 2025 10-K: Revenue $2.9M, GAAP EPS $(0.82)" type: "News" locale: "en" url: "https://longbridge.com/en/news/280525876.md" description: "GCT Semiconductor Holding reported fiscal 2025 net revenues of $2.9 million, a 69% decline from $9.1 million in 2024, with a GAAP net loss per share of $(0.82). The company faced a gross loss of $(1.8) million and a net loss of $(43.4) million, attributed to weak sales and increased operating costs. Management anticipates improved margins with the launch of 5G chipsets in Q4 2025, despite a significant drop in product and service revenues. R&D spending decreased by 19% as the company focuses on 5G and related technologies." datetime: "2026-03-25T20:35:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280525876.md) - [en](https://longbridge.com/en/news/280525876.md) - [zh-HK](https://longbridge.com/zh-HK/news/280525876.md) --- # GCT Semiconductor Holding 2025 10-K: Revenue $2.9M, GAAP EPS $(0.82) GCT Semiconductor Holding reported fiscal 2025 net revenues of $2.9 million and a GAAP net loss per share of $(0.82), as weak product and service sales and higher operating costs drove a steep year-over-year decline in profitability. The company swung to a gross loss and widened its operating and net losses versus 2024, citing low product volumes and elevated G&A as primary contributors. Management highlights commercial 5G chipset shipments beginning in Q4 2025 and expects future margin improvement as 5G volumes ramp. **Financial Highlights** - **Total net revenues**: $2.9 million, decreased 69% year-over-year from $9.1 million (product down 76%, service down 60%). - **Gross profit (loss)**: $(1.8) million, compared with $5.1 million in 2024; gross margin moved from 56% in 2024 to negative in 2025 due to low product volume. - **Loss from operations**: $(36.5) million, versus $(13.1) million in 2024; operating expenses increased 91%, driven by higher general and administrative costs. - **Net loss**: $(43.4) million, versus $(12.4) million in 2024, reflecting increased interest and foreign exchange losses in addition to operating shortfalls. - **Net loss per common share (Basic and diluted)**: $(0.82), compared with $(0.30) in 2024. **Business Highlights** - **Revenue trend**: Significant decline in both product and service revenues in 2025, driven in part by completion of a major service project in 2024 and reduced project pipeline in 2025. - **Product mix and 5G launch**: Began commercial shipments of 5G chipsets in Q4 2025; company expects 5G average selling prices to be roughly four times 4G ASPs, which management views as important for improving future margins. - **Operational efficiency**: Elevated product costs and under-absorbed overhead in 2025 hurt margins; management anticipates improved efficiencies as 5G volumes increase. - **R&D and roadmap**: R&D spending declined 19% after completing a 5G design phase, while the company continues investment in 5G, RedCap, C-V2X, NTN and 5G IoT product roadmaps. Original SEC Filing: GCT Semiconductor Holding, Inc. \[ GCTS \] - 10-K - Mar. 25, 2026 **Disclaimer** This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC. ### Related Stocks - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [GCTS.WS.US](https://longbridge.com/en/quote/GCTS.WS.US.md) - [GCTS.US](https://longbridge.com/en/quote/GCTS.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) ## Related News & Research - [Here's why Astera Labs' stock just staged a big gain](https://longbridge.com/en/news/286969770.md) - [Here's How Much $100 Invested In Teradyne 20 Years Ago Would Be Worth Today](https://longbridge.com/en/news/286466208.md) - [Cerebras raises $5.5B, kicking off 2026’s IPO season with a bang](https://longbridge.com/en/news/286445132.md) - [Where Cerebras' monster debut puts in among tech's biggest IPOs](https://longbridge.com/en/news/286465752.md) - [If You Invested $100 In Tower Semiconductor Stock 10 Years Ago, You Would Have This Much Today](https://longbridge.com/en/news/286475521.md)