NASDAQ : UTSI

UTStarcom Holdings Corp. — Financial statements

Technology · Communication Equipment · China

Last price 2.22 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 21.08M

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Financial statements

UTStarcom Holdings Corp. (UTSI) reported revenue of 7.71M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue7.71M8.98M10.88M15.75M14.05M15.92M
Cost of Revenue7.87M7.93M7.97M11.36M11.38M17.00M
Gross Profit-158.00K1.05M2.91M4.39M2.67M-1.07M
Selling, General & Admin5.10M4.96M5.15M5.32M2.29M-2.64M
Research & Development5.16M4.64M5.08M5.88M4.76M6.89M
Operating Expenses10.27M9.61M10.24M11.20M7.05M4.24M
Operating Income-10.42M-8.56M-7.33M-6.81M-4.39M-5.32M
Interest & Investment Income1.72M2.24M2.79M2.21M2.15M1.14M
Currency Exchange Gain (Loss)13.00K13.00K537.00K1.91M-732.00K1.31M
Other Non Operating Income (Expenses)870.00K55.00K153.00K112.00K26.00K328.00K
EBT Excluding Unusual Items-7.82M-6.25M-3.85M-2.58M-2.94M-2.54M
Gain (Loss) on Sale of Investments-80.00K-80.00K165.00K
Gain (Loss) on Sale of Assets6.00K
Pretax Income-7.90M-6.33M-3.69M-2.58M-2.94M-2.53M
Income Tax Expense1.41M1.62M683.00K1.27M2.06M3.29M
Earnings From Continuing Operations-9.31M-7.95M-4.37M-3.85M-5.00M-5.83M
Net Income-9.31M-7.95M-4.37M-3.85M-5.00M-5.83M
Net Income to Common-9.31M-7.95M-4.37M-3.85M-5.00M-5.83M
Shares Outstanding (Basic)9.21M9.19M9.15M9.11M9.06M9.01M
Shares Outstanding (Diluted)9.21M9.19M9.15M9.11M9.06M9.01M
EPS (Basic)-1.01-0.87-0.48-0.42-0.55-0.65
EPS (Diluted)-1.01-0.87-0.48-0.42-0.55-0.65
Free Cash Flow-9.61M-9.24M-4.62M-4.73M7.03M19.48M
Free Cash Flow Per Share-1.04-1.01-0.50-0.520.782.16
Gross Margin-2.05%11.71%26.71%27.87%18.98%-6.75%
Operating Margin-135.12%-95.31%-67.39%-43.22%-31.22%-33.41%
Profit Margin-120.65%-88.55%-40.15%-24.45%-35.60%-36.61%
Free Cash Flow Margin-124.53%-102.96%-42.43%-30.04%50.01%122.36%
EBITDA-10.17M-8.35M-7.06M-6.58M-4.18M-4.95M
EBITDA Margin-131.85%-93.01%-64.86%-41.76%-29.75%-31.07%
D&A For EBITDA252.00K207.00K275.00K230.00K206.00K372.00K
EBIT-10.42M-8.56M-7.33M-6.81M-4.39M-5.32M
EBIT Margin-135.12%-95.31%-67.39%-43.22%-31.22%-33.41%
Revenue as Reported8.98M8.98M10.88M15.75M14.05M15.92M
Advertising Expenses100.00K100.00K

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents27.46M33.81M43.91M49.97M54.52M53.80M
Short-Term Investments1.75M701.00K165.00K
Cash & Short-Term Investments29.21M34.52M44.08M49.97M54.52M53.80M
Accounts Receivable3.78M4.79M5.51M8.87M12.01M27.55M
Other Receivables3.18M3.40M2.58M2.55M2.81M
Receivables3.78M7.97M8.91M11.45M14.55M30.36M
Inventory928.00K1.32M1.94M795.00K1.27M1.54M
Prepaid Expenses3.62M764.00K1.04M948.00K1.35M1.11M
Restricted Cash6.53M6.57M6.82M7.12M9.86M10.08M
Other Current Assets413.00K291.00K322.00K256.00K911.00K
Total Current Assets44.06M51.55M63.07M70.60M81.80M97.79M
Property, Plant & Equipment1.00M1.68M1.88M3.26M3.57M5.34M
Long-Term Deferred Tax Assets143.00K379.00K551.00K837.00K2.13M
Other Long-Term Assets2.52M2.53M2.88M3.07M3.02M3.02M
Total Assets47.58M55.91M68.20M77.48M89.23M108.28M
Accounts Payable3.36M4.17M7.01M7.96M12.97M19.03M
Accrued Expenses2.80M2.76M3.89M3.79M3.54M
Current Portion of Leases384.00K801.00K1.18M1.18M1.23M1.41M
Current Income Taxes Payable7.80M8.73M8.16M8.51M8.35M8.79M
Current Unearned Revenue158.00K39.00K831.00K298.00K202.00K311.00K
Other Current Liabilities3.86M1.47M1.58M1.55M2.31M2.34M
Total Current Liabilities15.56M18.01M21.53M23.39M28.85M35.43M
Long-Term Leases188.00K330.00K404.00K1.66M1.89M3.50M
Long-Term Unearned Revenue1.07M28.00K21.00K26.00K
Other Long-Term Liabilities1.06M1.04M1.02M1.00M979.00K
Total Liabilities16.82M19.41M22.97M26.10M31.77M39.93M
Common Stock30.76M157.00K156.00K123.00K123.00K123.00K
Additional Paid-In Capital1.27B1.27B1.27B1.27B1.27B
Retained Earnings-1.27B-1.26B-1.26B-1.25B-1.25B
Treasury Stock-12.34M-12.34M-12.34M-12.34M-12.32M
Comprehensive Income & Other48.12M49.01M50.91M53.44M59.94M
Shareholders' Equity30.76M36.50M45.23M51.38M57.46M68.35M
Total Liabilities & Equity47.58M55.91M68.20M77.48M89.23M108.28M
Total Debt572.00K1.13M1.59M2.84M3.12M4.91M
Net Cash (Debt)28.63M33.38M42.49M47.12M51.40M48.89M
Net Cash Per Share3.113.634.645.175.685.43
Filing Date Shares Outstanding9.20M9.19M9.47M9.11M9.07M9.03M
Total Common Shares Outstanding9.20M9.19M9.16M9.11M9.07M9.03M
Working Capital28.50M33.54M41.54M47.21M52.95M62.37M
Book Value Per Share3.343.974.945.646.337.57
Tangible Book Value30.76M36.50M45.23M51.38M57.46M68.35M
Tangible Book Value Per Share3.343.974.945.646.337.57
Machinery20.21M19.30M19.86M23.06M26.97M
Leasehold Improvements1.55M1.50M1.58M1.64M1.80M

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-9.31M-7.95M-4.37M-3.85M-5.00M-5.83M
Depreciation & Amortization1.33M1.27M1.40M1.43M1.20M1.80M
Loss (Gain) From Sale of Assets-25.00K-2.00K-39.00K
Loss (Gain) From Sale of Investments-105.00K80.00K-165.00K
Stock-Based Compensation59.00K114.00K117.00K293.00K603.00K504.00K
Provision & Write-off of Bad Debts526.00K582.00K-39.00K-1.31M-3.46M-9.16M
Other Operating Activities646.00K646.00K230.00K387.00K1.80M6.58M
Change in Accounts Receivable-199.00K-199.00K3.57M4.80M19.04M31.34M
Change in Inventory53.00K53.00K-1.42M303.00K-448.00K578.00K
Change in Accounts Payable-2.84M-2.84M-951.00K-5.01M-6.06M-6.09M
Change in Unearned Revenue-792.00K-792.00K505.00K103.00K-114.00K-489.00K
Change in Income Taxes592.00K592.00K-325.00K181.00K-417.00K2.83M
Change in Other Net Operating Assets807.00K-383.00K-3.01M-1.77M140.00K-2.20M
Operating Cash Flow-9.23M-8.82M-4.46M-4.48M7.28M19.83M
Capital Expenditures-377.00K-423.00K-158.00K-255.00K-250.00K-348.00K
Investment in Securities-1.54M-616.00K2.10M
Investing Cash Flow-1.91M-1.04M-158.00K-255.00K-250.00K1.75M
Issuance of Common Stock4.00K20.00K
Repurchase of Common Stock-13.00K
Financing Cash Flow4.00K7.00K
Foreign Exchange Rate Adjustments-2.23M-908.00K-1.89M-2.48M-6.45M-3.69M
Net Cash Flow-13.37M-10.77M-6.50M-7.21M583.00K17.89M
Free Cash Flow-9.61M-9.24M-4.62M-4.73M7.03M19.48M
Free Cash Flow Margin-124.53%-102.96%-42.43%-30.04%50.01%122.36%
Free Cash Flow Per Share-1.04-1.01-0.50-0.520.782.16
Levered Free Cash Flow-5.66M-5.56M-3.45M-1.55M9.13M23.41M
Unlevered Free Cash Flow-5.66M-5.56M-3.45M-1.55M9.13M23.41M
Cash Income Tax Paid796.00K796.00K854.00K963.00K1.34M800.00K
Change in Working Capital-2.38M-3.57M-1.63M-1.40M12.15M25.97M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization20.89M24.05M27.36M31.21M32.07M31.26M
Enterprise Value-7.75M-15.36M-17.31M-15.31M-16.34M-13.17M
Last Close Price2.202.542.903.443.553.48
Forward PE199.33199.33199.33199.33199.33
PS Ratio2.712.682.521.982.281.96
PB Ratio0.660.660.600.610.560.46
P/TBV Ratio0.680.660.600.610.560.46
P/FCF Ratio4.561.60
P/OCF Ratio4.411.58
Debt / Equity Ratio0.020.030.040.060.050.07
Debt / FCF Ratio0.440.25
Net Debt / Equity Ratio-0.93-0.92-0.94-0.92-0.89-0.71
Net Debt / EBITDA Ratio2.814.006.027.1612.299.88
Net Debt / FCF Ratio2.983.619.219.96-7.31-2.51
Asset Turnover0.140.140.150.190.140.14
Inventory Turnover5.334.875.8411.018.124.13
Quick Ratio2.122.362.462.632.392.38
Current Ratio2.832.862.933.022.832.76
Return on Equity (ROE)-25.51%-19.45%-9.04%-7.08%-7.95%-8.00%
Return on Assets (ROA)-11.79%-8.62%-6.29%-5.10%-2.78%-2.93%
Return on Invested Capital (ROIC)-490.49%-292.50%-209.61%-131.86%-34.37%-17.15%
Return on Capital Employed (ROCE)-32.60%-22.60%-15.70%-12.60%-7.30%-7.30%
Earnings Yield-46.13%-33.05%-15.96%-12.34%-15.60%-18.65%
FCF Yield-45.99%-38.43%-16.87%-15.16%21.91%62.33%
Buyback Yield / Dilution-0.66%-0.44%-0.41%-0.63%-0.54%-0.41%