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Side-by-side financial comparison of GCT Semiconductor Holding, Inc. (GCTS) and NEXTNAV INC. (NN). Click either name above to swap in a different company.

NEXTNAV INC. is the larger business by last-quarter revenue ($945.0K vs $758.0K, roughly 1.2× GCT Semiconductor Holding, Inc.). GCT Semiconductor Holding, Inc. runs the higher net margin — -1189.6% vs -7191.7%, a 6002.2% gap on every dollar of revenue. On growth, NEXTNAV INC. posted the faster year-over-year revenue change (-50.5% vs -57.5%). GCT Semiconductor Holding, Inc. produced more free cash flow last quarter ($-8.5M vs $-16.1M). Over the past eight quarters, NEXTNAV INC.'s revenue compounded faster (-5.0% CAGR vs -58.8%).

GCT Semiconductor Holding, Inc. designs, develops and supplies high-performance wireless semiconductor solutions. Its product portfolio includes 4G LTE, 5G and IoT connectivity chips tailored for consumer electronics, industrial devices and telecom equipment. The company serves customers across North America, Asia-Pacific and European markets, with core segments covering mobile communications and edge connected devices.

NextNav Inc. is a specialized technology company focused on high-precision 3D geolocation and positioning solutions. Its services deliver accurate vertical location data for public safety operations, IoT use cases, mobile network management, and commercial location services, catering to enterprise and government clients across North America and select global markets.

GCTS vs NN — Head-to-Head

Bigger by revenue
NN
NN
1.2× larger
NN
$945.0K
$758.0K
GCTS
Growing faster (revenue YoY)
NN
NN
+7.0% gap
NN
-50.5%
-57.5%
GCTS
Higher net margin
GCTS
GCTS
6002.2% more per $
GCTS
-1189.6%
-7191.7%
NN
More free cash flow
GCTS
GCTS
$7.6M more FCF
GCTS
$-8.5M
$-16.1M
NN
Faster 2-yr revenue CAGR
NN
NN
Annualised
NN
-5.0%
-58.8%
GCTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GCTS
GCTS
NN
NN
Revenue
$758.0K
$945.0K
Net Profit
$-9.0M
$-68.0M
Gross Margin
-162.7%
Operating Margin
-1577.0%
-1706.1%
Net Margin
-1189.6%
-7191.7%
Revenue YoY
-57.5%
-50.5%
Net Profit YoY
-81.4%
-110.6%
EPS (diluted)
$-0.16
$-0.37

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GCTS
GCTS
NN
NN
Q4 25
$758.0K
$945.0K
Q3 25
$887.0K
Q2 25
$1.2M
$1.2M
Q1 25
$1.5M
Q4 24
$1.8M
$1.9M
Q3 24
$2.6M
$1.6M
Q2 24
$1.5M
$1.1M
Q1 24
$3.3M
$1.0M
Net Profit
GCTS
GCTS
NN
NN
Q4 25
$-9.0M
$-68.0M
Q3 25
$483.0K
Q2 25
$-13.5M
$-63.2M
Q1 25
$-58.6M
Q4 24
$-5.0M
$-32.3M
Q3 24
$-7.1M
$-13.6M
Q2 24
$-1.0M
$-24.4M
Q1 24
$757.0K
$-31.6M
Gross Margin
GCTS
GCTS
NN
NN
Q4 25
-162.7%
Q3 25
Q2 25
32.0%
Q1 25
Q4 24
32.3%
Q3 24
62.3%
Q2 24
62.7%
Q1 24
59.8%
Operating Margin
GCTS
GCTS
NN
NN
Q4 25
-1577.0%
-1706.1%
Q3 25
-2239.6%
Q2 25
-642.3%
-1434.3%
Q1 25
-1104.9%
Q4 24
-412.7%
-772.6%
Q3 24
-226.5%
-862.0%
Q2 24
-482.2%
-1387.5%
Q1 24
-1544.0%
Net Margin
GCTS
GCTS
NN
NN
Q4 25
-1189.6%
-7191.7%
Q3 25
54.5%
Q2 25
-1145.3%
-5257.5%
Q1 25
-3806.3%
Q4 24
-278.5%
-1688.6%
Q3 24
-272.8%
-846.9%
Q2 24
-71.0%
-2207.2%
Q1 24
23.2%
-3022.0%
EPS (diluted)
GCTS
GCTS
NN
NN
Q4 25
$-0.16
$-0.37
Q3 25
$-0.12
Q2 25
$-0.26
$-0.48
Q1 25
$-0.45
Q4 24
$-0.15
$-0.24
Q3 24
$-0.16
$-0.11
Q2 24
$-0.02
$-0.21
Q1 24
$0.03
$-0.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GCTS
GCTS
NN
NN
Cash + ST InvestmentsLiquidity on hand
$590.0K
$259.5M
Total DebtLower is stronger
$62.6M
Stockholders' EquityBook value
$-83.3M
$-86.2M
Total Assets
$15.6M
$247.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCTS
GCTS
NN
NN
Q4 25
$590.0K
$259.5M
Q3 25
$167.6M
Q2 25
$1.3M
$176.1M
Q1 25
$188.4M
Q4 24
$1.4M
$80.1M
Q3 24
$1.8M
$86.8M
Q2 24
$4.0M
$86.3M
Q1 24
$16.1M
$79.2M
Total Debt
GCTS
GCTS
NN
NN
Q4 25
$62.6M
Q3 25
Q2 25
$51.7M
Q1 25
Q4 24
$42.6M
Q3 24
$41.8M
Q2 24
$43.6M
Q1 24
$50.5M
Stockholders' Equity
GCTS
GCTS
NN
NN
Q4 25
$-83.3M
$-86.2M
Q3 25
$-22.1M
Q2 25
$-70.0M
$-47.2M
Q1 25
$6.6M
Q4 24
$-59.3M
$50.1M
Q3 24
$-58.3M
$65.6M
Q2 24
$-58.3M
$63.8M
Q1 24
$-62.4M
$55.9M
Total Assets
GCTS
GCTS
NN
NN
Q4 25
$15.6M
$247.0M
Q3 25
$263.1M
Q2 25
$17.6M
$256.7M
Q1 25
$268.6M
Q4 24
$19.9M
$161.7M
Q3 24
$22.6M
$171.7M
Q2 24
$23.4M
$172.3M
Q1 24
$35.8M
$165.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GCTS
GCTS
NN
NN
Operating Cash FlowLast quarter
$-7.2M
$-16.1M
Free Cash FlowOCF − Capex
$-8.5M
$-16.1M
FCF MarginFCF / Revenue
-1120.2%
-1702.9%
Capex IntensityCapex / Revenue
167.3%
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-50.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCTS
GCTS
NN
NN
Q4 25
$-7.2M
$-16.1M
Q3 25
$-9.0M
Q2 25
$-8.6M
$-13.5M
Q1 25
$-12.2M
Q4 24
$-2.3M
$-11.9M
Q3 24
$-4.6M
$-6.8M
Q2 24
$-9.6M
$-12.3M
Q1 24
$-14.4M
$-7.0M
Free Cash Flow
GCTS
GCTS
NN
NN
Q4 25
$-8.5M
$-16.1M
Q3 25
$-9.0M
Q2 25
$-8.7M
$-13.6M
Q1 25
$-12.2M
Q4 24
$-12.1M
Q3 24
$-4.7M
$-6.8M
Q2 24
$-12.4M
Q1 24
$-7.0M
FCF Margin
GCTS
GCTS
NN
NN
Q4 25
-1120.2%
-1702.9%
Q3 25
-1011.6%
Q2 25
-738.5%
-1127.4%
Q1 25
-793.3%
Q4 24
-634.0%
Q3 24
-179.3%
-422.0%
Q2 24
-1126.1%
Q1 24
-670.8%
Capex Intensity
GCTS
GCTS
NN
NN
Q4 25
167.3%
1.6%
Q3 25
0.9%
Q2 25
7.7%
2.2%
Q1 25
1.9%
Q4 24
8.8%
Q3 24
2.1%
0.1%
Q2 24
13.5%
Q1 24
3.1%
Cash Conversion
GCTS
GCTS
NN
NN
Q4 25
Q3 25
-18.56×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-19.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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