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GCT Semiconductor Holding cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$16.9M in Q2 2026 · −$40.7M over twelve months

Operating cash flow−$16.6M
Capital spending−$321K
Free cash flow−$16.9M
Cash conversion cycle247 days

Analysis

In Q2 2026, GCT Semiconductor Holding generated −$16.6M of operating cash flow and spent $321K on capital projects, leaving free cash flow of −$16.9M. That is $8.1M less than in Q2 2025 (−$8.7M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$38.1M; the largest uses were operating cash flow ($38.1M), capital spending ($2.6M), taxes on employees’ shares ($8K); besides operations, cash came from other financing ($59.9M), net borrowing (+) / repaid (−) ($10.2M); the cash balance rose by $29.0M.

Operating cash flow was −$16.6M against net income of −$20.4M. The largest differences: prepaid and other assets −$5.9M, accrued liabilities −$4.7M, receivables +$708K.

Its cash conversion cycle was 247 days (receivables 167 + inventory 115 − payables 35).

Free cash flow

GCT Semiconductor Holding: free cash flow by quarterGCT Semiconductor Holding: free cash flow by quarter−$4.7MQ3 2024−$2.6MQ4 2024−$8.1MQ1 2025−$8.7MQ2 2025−$7.8MQ3 2025−$8.5MQ4 2025−$7.5MQ1 2026−$16.9MQ2 2026
Operating cash flow less capital spending.
GCT Semiconductor Holding: operating cash flow against capital spendingGCT Semiconductor Holding: operating cash flow against capital spendingOperating cash flowCapital spending−$4.6M$54KQ3 2024−$2.3M$357KQ4 2024−$8.0M$118KQ1 2025−$8.6M$91KQ2 2025−$6.9M$934KQ3 2025−$7.2M$1.3MQ4 2025−$7.4M$65KQ1 2026−$16.6M$321KQ2 2026
Latest (Q2 2026): Operating cash flow −$16.6M, Capital spending $321K.

Capital allocation, year by year

GCT Semiconductor Holding: where the cash came from (up) and went (down), by fiscal yearGCT Semiconductor Holding: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksFY2022: Operating cash flow −$1.5MFY2022FY2023: Operating cash flow −$8.8MFY2023: Net borrowing $6.6MFY2023: Shares issued $23KFY2023: Capital spending −$331KFY2023: Buybacks −$318M$6.6MFY2023FY2024: Operating cash flow −$31.0MFY2024: Net borrowing $28.1MFY2024: Shares issued $8.5MFY2024: Capital spending −$542K$36.7MFY2024FY2025: Operating cash flow −$30.7MFY2025: Net borrowing $18.1MFY2025: Shares issued $211KFY2025: Capital spending −$2.4M$18.3MFY2025
Over these 4 years operating cash flow totalled −$72.0M; the largest uses were buybacks ($318M) and operating cash flow ($72.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$30.2M
Debt$55.1M
Net debt$24.9M
Due within a year$56.6M
Cash runway9 months

GCT Semiconductor Holding is burning cash: its operations consume cash, a free cash flow of −$40.7M a year at the current rate against $30.2M of cash and investments: a runway of about 9 months; $56.6M of debt also comes due within a year, which would need refinancing or new money before any new financing.

GCT Semiconductor Holding: debt maturities by year (FY2025)GCT Semiconductor Holding: debt maturities by year (FY2025)$56.6MYear 1$1.0MYear 2$5.0MYear 3
Principal due in each year as disclosed in the annual report, against $30.2M of cash and investments now.

Where the cash came from and went

GCT Semiconductor Holding: sources (+) and uses (−) of cash, Q2 2026GCT Semiconductor Holding: sources (+) and uses (−) of cash, Q2 2026Other financing$41.5MCash drawn (+) / kept (−)−$23.0MOperating cash flow−$16.6MNet borrowing (+) / repaid (−)−$1.7MCapital spending−$321KExchange rates$69KShares issued$2K
GCT Semiconductor Holding: sources (+) and uses (−) of cash, TTM to Q2 2026GCT Semiconductor Holding: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing$59.9MOperating cash flow−$38.1MCash drawn (+) / kept (−)−$29.0MNet borrowing (+) / repaid (−)$10.2MCapital spending−$2.6MExchange rates−$488KTaxes on employees’ shares−$8KShares issued$3K

From profit to cash

GCT Semiconductor Holding: net income to operating cash flow, Q2 2026GCT Semiconductor Holding: net income to operating cash flow, Q2 2026Net income−$20.4MDepreciation & amortization$278KStock-based pay$344KReceivables$708KInventory$94KPayables−$484KAccrued liabilities−$4.7MEmployee-related liabilities$429KDeferred revenue−$50KContract assets−$33KPrepaid and other assets−$5.9MOperating cash flow−$16.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202616711535247
Q1 202611711662172
Q4 20253816639408
Q3 202580415258898
Q2 2025322346128540
Q1 20259336732721333
Q4 202431423280466
Q3 202420523991352

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$16.6M−$321K−$1.7M$2K−$23.0M−$16.9M
Q1 2026−$7.4M−$65K−$925K$1K−$6.6M−$7.5M
Q4 2025−$7.2M−$1.3M−$1.5M—$7.8M−$8.5M
Q3 2025−$6.9M−$934K$14.3M—−$7.1M−$7.8M
Q2 2025−$8.6M−$91K—$3K−$227K−$8.7M
Q1 2025−$8.0M−$118K$7.5M$208K$396K−$8.1M
Q4 2024−$2.3M−$357K$4.2M$720K$377K−$2.6M
Q3 2024−$4.6M−$54K−$1.0M$5.0M$2.2M−$4.7M

GCT Semiconductor Holding: income statement and cash flow

GCT Semiconductor Holding, Q2 2026: revenue $971K (-18% year over year), operating margin -763.6%. The chart follows the revenue to costs, profit and cash.

GCT Semiconductor Holding: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.