GCT Semiconductor Holding, Inc.
GCTS Technology Semiconductors
GCT Semiconductor Holding, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.9 million, down 68.6% from fiscal 2024. In the quarter to June 2026, revenue fell 17.9%, EPS grew 3.85%, free cash flow fell 93.3% and total debt rose 18.4%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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GCT Semiconductor Holding, Inc. (GCTS) Altman Z-score
GCT Semiconductor Holding, Inc.'s Altman Z-score for fiscal 2025 is −66.51, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −66.51 | (23.35) |
| FY2024 | −43.16 | 11.91 |
| FY2023 | −55.07 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (4.33) | — | −5.19 | |
| Retained earnings / total assets | (38.70) | — | −54.18 | |
| EBIT / total assets | (2.34) | — | −7.71 | |
| Market value of equity / total liabilities | 0.64 | — | 0.38 | |
| Sales / total assets | 0.18 | — | 0.18 | |
| Altman Z-score | Distress zone | −66.51 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −171.13 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ALMU Aeluma, Inc. compare | 62.7× |
| LAES SEALSQ Corp. compare | 7.8× |
| MRAM EVERSPIN TECH compare | 6.9× |
| GSIT GSI Technology, Inc. compare | 5.9× |
| MX Magnachip Semiconductor Corp. compare | 2.0× |
| VLN Valens Semiconductor, Ltd. compare | 0.9× |
| INDI indie Semiconductor, Inc. compare | −0.2× |
| QUIK QuickLogic Corporation compare | −8.0× |
| GCTS GCT Semiconductor Holding, Inc. | −66.5× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets