GCT Semiconductor Holding, Inc.
For the period ended Sep 30, 2026. Filed Nov 12, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 12, 2026
GCTS$1.54-3.1%Stored close · as of Nov 12, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
Checking your notes…
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities: | ||
| Net loss | $(37,630) | $(34,355) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 935 | 506 |
| Amortization of right-of-use assets | 529 | 520 |
| Stock-based compensation | 1,139 | 2,894 |
| Write-off of contract assets | 476 | — |
| Change in provision for credit losses | 1,608 | 1,352 |
| Change in fair value of common stock forward liability | (3) | (311) |
| Change in fair value of warrant liabilities | 9,231 | 3,173 |
| Change in fair value of convertible promissory notes | 1,548 | 340 |
| Fair value of common stock warrants issued in connection with convertible note extension | 155 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 505 | 702 |
| Inventory | (2,381) | 1,072 |
| Contract assets | 784 | (524) |
| Prepaid expenses and other current assets | (6,546) | 423 |
| Other assets | 68 | 119 |
| Accounts payable | (405) | 22 |
| Contract liabilities | 60 | (37) |
| Accrued and other current liabilities | (2,649) | 1,163 |
| Net defined benefit liabilities | 274 | 953 |
| Other taxes payable | 59 | (449) |
| Lease liabilities | (540) | (823) |
| Other liabilities | 280 | (192) |
| Net cash used in operating activities | (32,503) | (23,452) |
| Investing activities: | ||
| Purchases of property and equipment | (2,158) | (1,143) |
| Net cash used in investing activities | (2,158) | (1,143) |
| Financing activities: | ||
| Proceeds from borrowings | — | 21,763 |
| Proceeds from issuance of common stock under common stock purchase agreement | — | 190 |
| Proceeds from issuance of common stock under at-market agreement | 55,781 | 1,470 |
| Proceeds from issuance of common stock and common stock warrants in a registered direct offering | — | 11,000 |
| Proceeds from exercise of stock options | 3 | 21 |
| Payment of common stock issuance costs | (1,869) | (1,155) |
| Tax withholding on restricted stock units | (8) | (11) |
| Proceeds from issuance of convertible promissory notes | 2,790 | — |
| Refund of excise tax assumed in the reverse recapitalization | 216 | — |
| Repayments of borrowings | (4,820) | (2,212) |
| Net cash provided by financing activities | 52,093 | 31,066 |
| Effect of exchange rate changes on cash and cash equivalents | (867) | 437 |
| Net change in cash and cash equivalents | 16,565 | 6,908 |
| Cash and cash equivalents at beginning of period | 590 | 1,435 |
| Cash and cash equivalents at end of period | $17,155 | $8,343 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $2,847 | $4,336 |
| Cash paid for income taxes | $418 | $236 |
| Cash paid for operating leases | $495 | $560 |
| Non-cash financing activities: | ||
| Issuance of common stock from conversion of convertible promissory notes | $5,158 | $— |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $67 | $74 |
| Release of excise tax liability assumed in the reverse recapitalization | $3,184 | $— |
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