Income Statement UTStarcom Holdings Corp.

Stocks

UTSI

KYG9310A1224

Communications & Networking

Market Closed - Nasdaq 16:30:00 2026-08-28 EDT			5-day change	1st Jan Change
2.320 ^USD	-0.85%		-1.28%	-8.66%

08-14	UTStarcom Holdings Corp. Reports Earnings Results for the Half Year Ended June 30, 2026	CI
08-13	UTStarcom Holdings Corp. Announces Departure of Dan Xie from His Role of Chief Financial Officer, Effective August 21, 2026	CI

e1f35d1820d32f6af5.kTldMHD1XL3jYEtKxKMNcHwJOQTW8GfwGDdTnvM8ARo.2004UROhDIq3B3oAoslcCFFNanLiuwyBemIky8URcCmmXwJ9QqQXxbRTKA

Published financial data: UTSTARCOM HOLDINGS CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	15.92M	14.05M	15.75M	10.88M	8.98M
Total Revenues	15.92M	14.05M	15.75M	10.88M	8.98M
Cost of Goods Sold, Total	17M	11.38M	11.36M	7.97M	7.93M
Gross Profit	-1.08M	2.67M	4.39M	2.91M	1.05M
Selling General & Admin Expenses, Total	-2.64M	2.29M	5.32M	5.15M	4.96M
R&D Expenses	6.89M	4.76M	5.88M	5.08M	4.64M
Other Operating Expenses, Total	4.24M	7.05M	11.2M	10.24M	9.61M
Operating Income	-5.32M	-4.39M	-6.81M	-7.33M	-8.56M
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	1.14M	2.15M	2.21M	2.79M	2.24M
Net Interest Expenses	1.14M	2.15M	2.21M	2.79M	2.24M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	1.32M	-732K	1.91M	537K	13K
Other Non Operating Income (Expenses)	128K	26K	112K	153K	55K
EBT, Excl. Unusual Items	-2.74M	-2.94M	-2.58M	-3.85M	-6.25M
Gain (Loss) On Sale Of Investments	-	-	-	165K	-80K
Gain (Loss) On Sale Of Assets	6K	-	-	-	-
Other Unusual Items	200K	-	-	-	-
EBT, Incl. Unusual Items	-2.53M	-2.94M	-2.58M	-3.68M	-6.33M
Income Tax Expense	3.29M	2.06M	1.27M	683K	1.62M
Earnings From Continuing Operations	-5.83M	-5M	-3.85M	-4.37M	-7.95M
Net Income to Company	-5.83M	-5M	-3.85M	-4.37M	-7.95M
Minority Interest	-	-	-	-	-
Net Income - (IS)	-5.83M	-5M	-3.85M	-4.37M	-7.95M
Net Income to Common Incl Extra Items	-5.83M	-5M	-3.85M	-4.37M	-7.95M
Net Income to Common Excl. Extra Items	-5.83M	-5M	-3.85M	-4.37M	-7.95M
Per Share Items
Net EPS - Basic	-0.65	-0.55	-0.42	-0.48	-0.87
Basic EPS - Continuing Operations	-0.65	-0.55	-0.42	-0.48	-0.87
Basic Weighted Average Shares Outstanding	9.01M	9.06M	9.11M	9.15M	9.19M
Net EPS - Diluted	-0.65	-0.55	-0.42	-0.48	-0.87
Diluted EPS - Continuing Operations	-0.65	-0.55	-0.42	-0.48	-0.87
Diluted Weighted Average Shares Outstanding	9.01M	9.06M	9.11M	9.15M	9.19M
Normalized Basic EPS	-0.19	-0.2	-0.18	-0.26	-0.42
Normalized Diluted EPS	-0.19	-0.2	-0.18	-0.26	-0.42
Supplemental Items
EBITDA	-4.95M	-4.18M	-6.58M	-7.06M	-8.35M
EBITA	-5.32M	-4.39M	-6.81M	-7.33M	-8.56M
EBIT	-5.32M	-4.39M	-6.81M	-7.33M	-8.56M
EBITDAR	-3.55M	-3.18M	-5.38M	-5.96M	-7.25M
Total Revenues (As Reported)	15.92M	14.05M	15.75M	10.88M	8.98M
Effective Tax Rate - (Ratio)	-129.99	-70.19	-49.44	-18.53	-25.63
Total Current Taxes	1.24M	928K	999K	529K	1.39M
Total Deferred Taxes	2.05M	1.14M	275K	154K	231K
Normalized Net Income	-1.71M	-1.84M	-1.61M	-2.41M	-3.9M
Supplemental Operating Expense Items
Advertising Expense	100K	100K	20K	20K	-
Research And Development Expense From Footnotes	6.89M	4.76M	5.88M	5.08M	4.64M
Net Rental Expense, Total	1.4M	1M	1.2M	1.1M	1.1M
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., COGS (Total)	87K	97K	28K	-	-
Stock-Based Comp., R&D Exp. (Total)	181K	248K	114K	-	-
Stock-Based Comp., SG&A Exp. (Total)	236K	258K	151K	117K	114K
Total Stock-Based Compensation	504K	603K	293K	117K	114K

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	53.8M	54.52M	49.97M	43.91M	33.81M
Short Term Investments	-	-	-	165K	701K
Total Cash And Short Term Investments	53.8M	54.52M	49.97M	44.08M	34.52M
Accounts Receivable, Total	27.55M	12M	8.87M	5.51M	4.79M
Other Receivables	2.81M	2.55M	2.58M	3.41M	3.18M
Total Receivables	30.36M	14.55M	11.45M	8.91M	7.97M
Inventory	1.54M	1.27M	795K	1.94M	1.32M
Prepaid Expenses	1.11M	1.35M	948K	674K	764K
Restricted Cash	10.08M	9.86M	7.12M	6.82M	6.57M
Other Current Assets, Total	911K	256K	322K	646K	413K
Total Current Assets	97.79M	81.8M	70.6M	63.07M	51.55M
Gross Property Plant And Equipment	33.51M	27.66M	24.09M	22.2M	22.74M
Accumulated Depreciation	-28.17M	-24.09M	-20.83M	-20.32M	-21.06M
Net Property Plant And Equipment	5.34M	3.57M	3.26M	1.88M	1.68M
Long-term Investments	-	-	-	-	-
Deferred Tax Assets Long-Term	2.13M	837K	551K	379K	143K
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	3.02M	3.02M	3.07M	2.88M	2.53M
Total Assets	108M	89.23M	77.48M	68.2M	55.9M
Liabilities
Accounts Payable, Total	19.03M	12.97M	7.96M	7.01M	4.17M
Accrued Expenses, Total	3.54M	3.78M	3.89M	2.76M	2.8M
Current Portion of Leases	1.41M	1.23M	1.18M	1.18M	801K
Current Income Taxes Payable	8.79M	8.35M	8.51M	8.16M	8.73M
Unearned Revenue Current, Total	311K	202K	298K	831K	39K
Other Current Liabilities	2.34M	2.31M	1.55M	1.58M	1.47M
Total Current Liabilities	35.43M	28.85M	23.39M	21.53M	18.01M
Long-Term Leases	3.5M	1.89M	1.66M	404K	330K
Unearned Revenue Non Current	26K	21K	28K	-	-
Other Non Current Liabilities	979K	1M	1.02M	1.04M	1.06M
Total Liabilities	39.93M	31.77M	26.1M	22.97M	19.41M
Common Stock, Total	123K	123K	123K	156K	157K
Additional Paid In Capital	1.27B	1.27B	1.27B	1.27B	1.27B
Retained Earnings	-1.25B	-1.25B	-1.26B	-1.26B	-1.27B
Treasury Stock	-12.32M	-12.34M	-12.34M	-12.34M	-12.34M
Comprehensive Income and Other	59.94M	53.44M	50.91M	49.01M	48.12M
Total Common Equity	68.35M	57.46M	51.38M	45.23M	36.5M
Total Equity	68.35M	57.46M	51.38M	45.23M	36.5M
Total Liabilities And Equity	108M	89.23M	77.48M	68.2M	55.9M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	9.03M	9.07M	9.11M	9.47M	9.19M
ECS Total Common Shares Outstanding	9.03M	9.07M	9.11M	9.16M	9.19M
Book Value / Share	7.57	6.33	5.64	4.94	3.97
Tangible Book Value	68.35M	57.46M	51.38M	45.23M	36.5M
Tangible Book Value Per Share	7.57	6.33	5.64	4.94	3.97
Total Debt	4.91M	3.12M	2.84M	1.59M	1.13M
Net Debt	-48.89M	-51.4M	-47.12M	-42.49M	-33.38M
Debt Equivalent Oper. Leases	11.2M	8M	9.6M	8.8M	8.8M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	563K	55K	124K	840K	564K
Inventories - Work In Process, Total	39K	14K	85K	589K	374K
Inventories - Finished Goods, Total	935K	1.2M	586K	506K	383K
Machinery, Total	26.97M	23.06M	19.86M	19.3M	20.22M
Full Time Employees	238	241	234	219	206
Accumulated Allowance for Doubtful Accounts (Supple)	6.63M	2.68M	1.35M	1.27M	1.53M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	-5.83M	-5M	-3.85M	-4.37M	-7.95M
Depreciation & Amortization - CF	1.8M	1.2M	1.43M	1.4M	1.27M
Depreciation & Amortization, Total	1.8M	1.2M	1.43M	1.4M	1.27M
(Gain) Loss From Sale Of Asset	-39K	-2K	-25K	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-165K	80K
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	504K	603K	293K	117K	114K
Provision and Write-off of Bad Debts	-9.16M	-3.46M	-1.32M	-39K	582K
Other Operating Activities, Total	6.58M	1.8M	387K	230K	646K
Change In Accounts Receivable	31.34M	19.04M	4.8M	3.57M	-199K
Change In Inventories	578K	-448K	303K	-1.42M	53K
Change In Accounts Payable	-6.09M	-6.06M	-5.02M	-951K	-2.84M
Change in Unearned Revenues	-489K	-114K	103K	505K	-792K
Change In Income Taxes	2.83M	-417K	181K	-325K	592K
Change in Other Net Operating Assets	-2.2M	140K	-1.77M	-3.01M	-383K
Cash from Operations	19.83M	7.28M	-4.48M	-4.46M	-8.82M
Capital Expenditure	-348K	-250K	-255K	-158K	-423K
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	2.1M	-	-	-	-616K
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	1.75M	-250K	-255K	-158K	-1.04M
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	-	20K	4K	-	-
Repurchase of Common Stock	-	-13K	-	-	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-	7K	4K	-	-
Foreign Exchange Rate Adjustments	-3.69M	-6.45M	-2.48M	-1.89M	-908K
Net Change in Cash	17.89M	583K	-7.21M	-6.5M	-10.77M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	800K	1.34M	963K	854K	796K
Levered Free Cash Flow	23.41M	9.13M	-1.55M	-3.45M	-5.56M
Unlevered Free Cash Flow	23.41M	9.13M	-1.55M	-3.45M	-5.56M
Change In Net Working Capital	-24.78M	-10.32M	-1.24M	225K	1.18M
Net Debt Issued / Repaid	-	-	-	-	-

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	-2.93	-2.78	-5.11	-6.29	-8.62
Return on Total Capital	-4.37	-4.1	-7.41	-9.07	-12.67
Return On Equity %	-8	-7.95	-7.08	-9.04	-19.46
Return on Common Equity	-8	-7.95	-7.08	-9.04	-19.46
Margin Analysis
Gross Profit Margin %	-6.75	18.98	27.87	26.71	11.71
SG&A Margin	-16.59	16.31	33.76	47.36	55.29
EBITDA Margin %	-31.07	-29.75	-41.76	-64.86	-93.01
EBITA Margin %	-33.41	-31.22	-43.22	-67.39	-95.31
EBIT Margin %	-33.41	-31.22	-43.22	-67.39	-95.31
Income From Continuing Operations Margin %	-36.61	-35.6	-24.45	-40.15	-88.55
Net Income Margin %	-36.61	-35.6	-24.45	-40.15	-88.55
Net Avail. For Common Margin %	-36.61	-35.6	-24.45	-40.15	-88.55
Normalized Net Income Margin	-10.76	-13.07	-10.22	-22.12	-43.5
Levered Free Cash Flow Margin	147.05	64.97	-9.84	-31.71	-61.93
Unlevered Free Cash Flow Margin	147.05	64.97	-9.84	-31.71	-61.93
Asset Turnover
Asset Turnover	0.14	0.14	0.19	0.15	0.14
Fixed Assets Turnover	4.46	3.15	4.61	4.24	5.06
Receivables Turnover (Average Receivables)	0.41	0.71	1.51	1.51	1.74
Inventory Turnover (Average Inventory)	4.13	8.11	11.01	5.84	4.87
Short Term Liquidity
Current Ratio	2.76	2.84	3.02	2.93	2.86
Quick Ratio	2.38	2.39	2.63	2.46	2.36
Operating Cash Flow to Current Liabilities	0.56	0.25	-0.19	-0.21	-0.49
Days Sales Outstanding (Average Receivables)	885.32	513.76	241.84	241.88	209.27
Days Outstanding Inventory (Average Inventory)	88.39	44.98	33.15	62.67	74.96
Average Days Payable Outstanding	680.65	525.4	350.84	300.59	278.95
Cash Conversion Cycle (Average Days)	293.06	33.33	-75.85	3.96	5.28
Long Term Solvency
Total Debt/Equity	7.18	5.43	5.53	3.51	3.1
Total Debt / Total Capital	6.7	5.15	5.24	3.39	3.01
LT Debt/Equity	5.11	3.3	3.23	0.89	0.9
Long-Term Debt / Total Capital	4.77	3.13	3.06	0.86	0.88
Total Liabilities / Total Assets	36.88	35.6	33.68	33.69	34.71
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	-1.38	-0.98	-0.53	-0.27	-0.16
Net Debt / EBITDA	13.78	16.16	8.76	7.13	4.6
Total Debt / (EBITDA - Capex)	-1.26	-0.91	-0.5	-0.26	-0.15
Net Debt / (EBITDA - Capex)	12.55	14.98	8.36	6.95	4.35
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-34.51	-11.74	12.1	-30.95	-17.47
Gross Profit, 1 Yr. Growth %	-130.46	-348.09	64.6	-33.8	-63.83
EBITDA, 1 Yr. Growth %	-78.18	-15.48	57.35	7.25	18.34
EBITA, 1 Yr. Growth %	-77.12	-17.52	55.21	7.67	16.72
EBIT, 1 Yr. Growth %	-77.12	-17.52	55.21	7.67	16.72
Earnings From Cont. Operations, 1 Yr. Growth %	-75.38	-14.17	-23.01	13.42	82.01
Net Income, 1 Yr. Growth %	-75.38	-14.17	-23.01	13.42	82.01
Normalized Net Income, 1 Yr. Growth %	-89.03	7.26	-12.32	49.4	62.29
Diluted EPS Before Extra, 1 Yr. Growth %	-75.49	-15.02	-23.49	13.59	81.25
Accounts Receivable, 1 Yr. Growth %	-44.54	-56.43	-26.11	-37.9	-13.09
Inventory, 1 Yr. Growth %	-77.04	-17.44	-37.35	143.4	-31.73
Net Property, Plant and Equip., 1 Yr. Growth %	195.95	-33.04	-8.79	-42.47	-10.67
Total Assets, 1 Yr. Growth %	-8.8	-17.59	-13.17	-11.98	-18.03
Tangible Book Value, 1 Yr. Growth %	-11.69	-15.93	-10.58	-11.98	-19.3
Common Equity, 1 Yr. Growth %	-11.69	-15.93	-10.58	-11.98	-19.3
Cash From Operations, 1 Yr. Growth %	-683.21	-63.3	-161.54	-0.47	97.91
Capital Expenditures, 1 Yr. Growth %	202.61	-28.16	2	-38.04	167.72
Levered Free Cash Flow, 1 Yr. Growth %	292.62	-61	-116.98	122.48	61.17
Unlevered Free Cash Flow, 1 Yr. Growth %	292.21	-61	-116.98	122.48	61.17
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-50.74	-23.97	-0.53	-12.02	-24.51
Gross Profit, 2 Yr. CAGR %	-78.9	-13.07	102.08	4.38	-51.07
EBITDA, 2 Yr. CAGR %	-5.1	-57.06	15.32	29.91	12.66
EBITA, 2 Yr. CAGR %	-6.9	-56.56	13.14	29.27	12.1
EBIT, 2 Yr. CAGR %	-6.9	-56.56	13.14	29.27	12.1
Earnings From Cont. Operations, 2 Yr. CAGR %	22.04	-54.04	-18.71	-6.55	43.68
Net Income, 2 Yr. CAGR %	22.04	-54.04	-18.71	-6.55	43.68
Normalized Net Income, 2 Yr. CAGR %	-42.5	-65.56	0.73	14.45	55.71
Diluted EPS Before Extra, 2 Yr. CAGR %	21.24	-54.26	-19.37	-6.78	43.48
Accounts Receivable, 2 Yr. CAGR %	-40.5	-50.84	-43.26	-32.26	-26.54
Inventory, 2 Yr. CAGR %	-49.98	-56.46	-28.08	23.48	28.9
Net Property, Plant and Equip., 2 Yr. CAGR %	16.2	40.77	-21.85	-27.56	-28.31
Total Assets, 2 Yr. CAGR %	-15.4	-13.31	-15.41	-12.57	-15.06
Tangible Book Value, 2 Yr. CAGR %	-16.99	-13.84	-13.3	-11.29	-15.72
Common Equity, 2 Yr. CAGR %	-16.99	-13.84	-13.3	-11.29	-15.72
Cash From Operations, 2 Yr. CAGR %	-9.38	46.3	-52.48	-21.74	40.35
Capital Expenditures, 2 Yr. CAGR %	-17.15	47.44	-14.4	-20.5	28.8
Levered Free Cash Flow, 2 Yr. CAGR %	9.21	23.74	-74.26	-38.53	89.36
Unlevered Free Cash Flow, 2 Yr. CAGR %	9.24	23.68	-74.26	-38.53	89.36
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-48.41	-40.17	-13.46	-11.92	-13.87
Gross Profit, 3 Yr. CAGR %	-67.82	-52.03	7.55	39.3	-26.68
EBITDA, 3 Yr. CAGR %	-0.81	-8.7	-33.79	12.57	25.93
EBITA, 3 Yr. CAGR %	6.79	-10.59	-33.59	11.29	24.94
EBIT, 3 Yr. CAGR %	6.79	-10.59	-33.59	11.29	24.94
Earnings From Cont. Operations, 3 Yr. CAGR %	6.53	8.53	-45.41	-9.16	16.7
Net Income, 3 Yr. CAGR %	6.53	8.53	-45.41	-9.16	16.7
Normalized Net Income, 3 Yr. CAGR %	-11.12	-29.22	-52.97	14.87	28.58
Diluted EPS Before Extra, 3 Yr. CAGR %	7.56	7.86	-45.7	-9.61	16.35
Accounts Receivable, 3 Yr. CAGR %	-23.13	-46.37	-43.69	-41.53	-26.4
Inventory, 3 Yr. CAGR %	-61.24	-40.88	-50.85	7.98	1.35
Net Property, Plant and Equip., 3 Yr. CAGR %	61.87	-3.3	21.81	-29.43	-22.32
Total Assets, 3 Yr. CAGR %	-15.18	-16.14	-13.26	-14.28	-14.43
Tangible Book Value, 3 Yr. CAGR %	-12.54	-16.64	-12.76	-12.86	-14.04
Common Equity, 3 Yr. CAGR %	-12.54	-16.64	-12.76	-12.86	-14.04
Cash From Operations, 3 Yr. CAGR %	-8.76	-32.96	9.61	-39.2	6.62
Capital Expenditures, 3 Yr. CAGR %	15.65	-21	30.4	-23.14	19.16
Levered Free Cash Flow, 3 Yr. CAGR %	-11.15	-22.52	-36.17	-47.18	-15.24
Unlevered Free Cash Flow, 3 Yr. CAGR %	-11.13	-22.51	-36.19	-47.18	-15.24
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-28.72	-32.23	-32.92	-30.19	-18.06
Gross Profit, 5 Yr. CAGR %	-48.03	-39.59	-32.9	-34.53	-21.51
EBITDA, 5 Yr. CAGR %	11.15	-10.16	5.35	5.14	-18.11
EBITA, 5 Yr. CAGR %	25.51	-7.61	9.29	3.62	-18.11
EBIT, 5 Yr. CAGR %	25.51	-7.61	9.29	3.62	-18.11
Earnings From Cont. Operations, 5 Yr. CAGR %	113.3	-6.45	-4.39	2.22	-19.61
Net Income, 5 Yr. CAGR %	82.23	-6.45	-4.39	2.22	-19.61
Normalized Net Income, 5 Yr. CAGR %	-13.26	-18.61	-7.97	-14.21	-24.08
Diluted EPS Before Extra, 5 Yr. CAGR %	82.01	-6.18	-4.06	1.75	-19.91
Accounts Receivable, 5 Yr. CAGR %	8.49	-6.62	-31.92	-41.12	-37.37
Inventory, 5 Yr. CAGR %	-41.57	-40.59	-50.36	-20.63	-27.72
Net Property, Plant and Equip., 5 Yr. CAGR %	27.08	15.83	20.97	-13.85	-1.46
Total Assets, 5 Yr. CAGR %	-9.53	-13.76	-15.27	-14.73	-13.98
Tangible Book Value, 5 Yr. CAGR %	-3.75	-8.78	-12.84	-14.54	-13.96
Common Equity, 5 Yr. CAGR %	-3.75	-8.78	-12.84	-14.54	-13.96
Cash From Operations, 5 Yr. CAGR %	28.17	13.65	-29.71	-28.68	21.01
Capital Expenditures, 5 Yr. CAGR %	-25.6	-19.33	2.53	-20.8	29.76
Levered Free Cash Flow, 5 Yr. CAGR %	68.4	72.57	-45.88	-29.37	-1.39
Unlevered Free Cash Flow, 5 Yr. CAGR %	69.07	70.89	-45.87	-29.36	-1.41