The company maintains a conservative financial profile with a debt-to-equity ratio of 0.00 and a substantial $29.1 million cash reserve as of 2025Q4.
| Metric | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 |
|---|
| Total Current Assets | 34.68M | 35.43M | 39.21M | 48.01M | 42.58M | 46.53M | 58.89M | 60.59M | 65.51M | 68.88M | 74.5M | 91.16M | 83.33M | 85.14M | 118.92M | 93.09M | 104.84M | 128.8M | 115.42M | 64.18M | 70.2M | 67.73M | 77.61M | 82.93M | 175.22M | 243.85M |
| Cash & Short-Term Investments | 33.66M | 34.78M | 38.47M | 46.93M | 41.45M | 45.7M | 57.74M | 59.31M | 63.67M | 65.71M | 72.44M | 88.97M | 80.26M | 80.5M | 106.34M | 74.54M | 59.05M | 99.37M | 79.92M | 36.19M | 62.13M | 47.52M | 64.17M | 60.42M | 166.37M | 236.61M |
| Cash Only | 29.05M | 34.78M | 38.47M | 38.79M | 41.45M | 45.7M | 57.74M | 59.31M | 63.67M | 65.71M | 72.43M | 59.63M | 58.8M | 62.73M | 64M | 70.99M | 55.57M | 95.95M | 68.56M | 22.37M | 41.73M | 13.23M | 35.25M | 35.77M | 22.7M | 21.71M |
| Short-Term Investments | 4.64M | 0 | 0 | 7.95M | 0 | 0 | 0 | 0 | 0 | 2.62K | 4K | 29.34M | 21.46M | 17.77M | 42.35M | 3.55M | 3.49M | 3.42M | 11.35M | 13.82M | 20.4M | 34.28M | 28.92M | 24.65M | 143.68M | 214.9M |
| Accounts Receivable | 877K | 143K | 229K | 573K | 265K | 278K | 368K | 526K | 819K | 1.97M | 1.52M | 1.3M | 2.03M | 2.83M | 7.06M | 10.21M | 4.23M | 15.19M | 23.35M | 21.34M | 6.44M | 6.4M | 4.69M | 4.38M | 3.03M | 2.61M |
| Days Sales Outstanding | 92.14 | 17.58 | 19.47 | 37.45 | 17.61 | 14.76 | 20.21 | 27.04 | 25.78 | 80.15 | 54.01 | 48.45 | 49.22 | 37.59 | 74.92 | 57.61 | 9.67 | 29.12 | 51.08 | 82.62 | 53.22 | 23.39 | 17.75 | 21.68 | 94.32 | 92.22 |
| Inventory | 0 | 0 | 0 | 372.88K | 0 | 387.73K | 643K | 640K | 897K | 1.05M | 310K | 564K | 749.6K | 801.33K | 4.57M | 7M | 2.14M | 9.91M | 11.86M | 123K | 58K | 10.49M | 4.8M | 10.38M | 1.5M | 2.13M |
| Days Inventory Outstanding | - | - | - | 58.29 | - | 47.87 | 76.6 | 65.16 | 64.22 | 92.42 | 12.73 | 26.27 | 36.08 | 25.68 | 109.06 | 120.95 | 21.14 | 102.8 | 121.81 | 1.92 | 1.22 | 56.12 | 20.77 | 56.65 | 10.69 | 26.19 |
| Other Current Assets | 41K | 440K | 454K | 75.76K | 461K | 69.18K | 27K | 639K | 632K | 0 | 0 | 325K | 293K | 1M | 942K | 1.34M | 39.42M | 4.33M | 286K | 628K | 1.29M | 1.14M | 2.59M | 7.19M | 3.65M | 1.68M |
| Total Non-Current Assets | 5.92M | 6.92M | 7.29M | 4.13M | 12.94M | 10.5M | 329K | 850K | 902K | 1.44M | 6.86M | 17.32M | 19.99M | 55.26M | 72.79M | 174.5M | 155.34M | 187.99M | 168.45M | 118.44M | 43.31M | 58.25M | 42.03M | 52.4M | 55.13M | 49.69M |
| Property, Plant & Equipment | 93K | 101K | 111K | 102.73K | 2.06M | 21.85K | 0 | 121K | 158K | 6.61K | 1.55M | 1.83M | 1.68M | 1.95M | 4.29M | 4.23M | 6.28M | 13.47M | 13.01M | 10.1M | 10.75M | 15.06M | 15.62M | 21.3M | 20.16M | 17.28M |
| Fixed Asset Turnover | 37.35x | 29.40x | 38.67x | 54.37x | 2.67x | 314.63x | - | 58.69x | 73.39x | 1358.26x | 6.60x | 5.33x | 8.96x | 14.09x | 8.02x | 15.30x | 25.41x | 14.13x | 12.83x | 9.34x | 4.11x | 6.63x | 6.18x | 3.46x | 0.58x | 0.60x |
| Goodwill | 0 | 0 | 0 | 421 | 0 | -360 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16.93M | 28.44M | 39.49M | 44.42M | 87.1M | 85.15M | 55.82M | 29.24M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 29K | 154K | 37K | 19K | 12K | 4K | 0 | 38K | 3K | 0 | 88K | 222K | 1.46M | 15.68M | 15.53M | 19.77M | 18.92M | 28.93M | 26.06M | 23.07M | 2.7M | 37.98M | 6.19M | 7.71M | 360.89K | 28.66M |
| Long-Term Investments | 5.04M | 5.44M | 5.04M | 2.19M | 10.32M | 10M | 0 | 0 | 0 | 72.05K | 4.52M | 10.53M | 11.87M | 9.51M | 15.4M | 100.16M | 21.83M | 27.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 757K | 1.23M | 2.11M | 1.82M | 297K | 341.7K | 329K | 691K | 741K | 1.37M | 74K | 6K | 315.33K | 2.54M | 2.03M | 6.63M | 58.33M | 10.01M | 44.23M | 29.46M | 621K | 5.22M | 20.22M | 23.4M | 34.61M | 3.76M |
| Total Assets | 40.6M | 42.36M | 46.5M | 52.14M | 55.52M | 57.02M | 59.22M | 61.45M | 66.41M | 70.33M | 81.36M | 108.48M | 103.32M | 140.39M | 191.71M | 267.59M | 260.18M | 316.79M | 283.87M | 182.62M | 113.52M | 125.98M | 119.64M | 135.33M | 230.36M | 293.54M |
| Asset Turnover | 0.09x | 0.07x | 0.09x | 0.11x | 0.10x | 0.12x | 0.11x | 0.12x | 0.17x | 0.13x | 0.13x | 0.09x | 0.15x | 0.20x | 0.18x | 0.24x | 0.61x | 0.60x | 0.59x | 0.52x | 0.39x | 0.79x | 0.81x | 0.54x | 0.05x | 0.04x |
| Asset Growth % | -4.15% | -8.9% | -10.82% | -6.09% | -2.64% | -3.71% | -3.62% | -7.48% | -5.57% | -13.56% | -25% | 4.99% | -26.41% | -26.77% | -28.36% | 2.85% | -17.87% | 11.6% | 55.44% | 60.87% | -9.89% | 5.3% | -11.6% | -41.25% | -21.52% | - |
| Total Current Liabilities | 2.07M | 1.93M | 2.46M | 2.64M | 3.22M | 2.92M | 3.58M | 3.27M | 5.05M | 9M | 13.48M | 27.34M | 14.84M | 21.65M | 35.66M | 43.29M | 72.33M | 76.2M | 91.91M | 45.21M | 10.66M | 23.24M | 24.08M | 23.06M | 5M | 10.1M |
| Accounts Payable | 56K | 38K | 44K | 53K | 118K | 70K | 64K | 104K | 314K | 266K | 320K | 771K | 1.18M | 324K | 1.83M | 4.3M | 591K | 899K | 1.92M | 0 | 0 | 0 | 0 | 0 | 1.99M | 2.63M |
| Days Payables Outstanding | 12.36 | 9.28 | 8.7 | 8.28 | 16.67 | 8.64 | 7.62 | 10.59 | 22.48 | 23.46 | 13.14 | 35.92 | 56.7 | 10.38 | 43.66 | 74.42 | 5.85 | 9.33 | 19.74 | - | - | - | - | - | 14.2 | 32.3 |
| Short-Term Debt | 155K | 416K | 475K | 440K | 0 | 95K | 0 | 0 | 0 | 2.48M | 6.09M | 18.64M | 4.36M | 7.75M | 11.77M | 12.41M | 22.5M | 15.24M | 35.22M | 14.6M | 1.43M | 14.29M | 16.77M | 16.24M | 0 | 0 |
| Deferred Revenue (Current) | 558K | 578K | 573K | 817.45K | 880K | 949.85K | 1.36M | 1.37M | 1.86M | 1.87M | 1.75M | 1.95M | 2.44M | 3.17M | 4.32M | 5.25M | 9.53M | 14.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 910K | 725K | 190K | 484K | 1.84M | 1.23M | 1.89M | 1.56M | 2.07M | 4.17M | 1.27M | 3.64M | 2.51M | 4.35M | 12.44M | 5.36M | 33M | 21.1M | 47.98M | 22.36M | 8.04M | 7.3M | 2.65M | 4M | 549.82K | 3.29M |
| Current Ratio | 16.79x | 18.35x | 15.91x | 18.20x | 13.24x | 15.92x | 16.43x | 18.51x | 12.98x | 7.66x | 5.53x | 3.33x | 5.62x | 3.93x | 3.33x | 2.15x | 1.45x | 1.69x | 1.26x | 1.42x | 6.59x | 2.91x | 3.22x | 3.60x | 35.02x | 24.13x |
| Quick Ratio | 16.79x | 18.35x | 15.91x | 18.06x | 13.24x | 15.78x | 16.25x | 18.32x | 12.80x | 7.54x | 5.50x | 3.31x | 5.57x | 3.90x | 3.21x | 1.99x | 1.42x | 1.56x | 1.13x | 1.42x | 6.58x | 2.46x | 3.02x | 3.15x | 34.72x | 23.92x |
| Cash Conversion Cycle | - | - | - | 87.45 | - | 53.99 | 89.19 | 81.61 | 67.52 | 149.11 | 53.6 | 38.8 | 28.6 | 52.89 | 140.33 | 104.14 | 24.96 | 122.6 | 153.15 | - | - | - | - | - | 90.8 | 86.11 |
| Total Non-Current Liabilities | 93K | 84K | 495K | 893.17K | 1.45M | 3K | 94K | 0 | 0 | 1.67M | 1.72M | 1.94M | 181.49K | 853.97K | 2.97M | 9.2M | 1.49M | 3.51M | 1.48M | 1.79M | 1.65M | 2.5M | 1.79M | 1.4M | 841.92K | 565.74K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 93K | 84K | 495K | 893K | 1.45M | 3K | 94K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.67M | 1.71M | 1.93M | 0 | 561K | 1.01M | 0 | 0 | 0 | 0 | 0 | 0 | 386K | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10K | 10K | 181.49K | 293K | 1.97M | 9.2M | 1.49M | 3.51M | 1.48M | 1.79M | 1.65M | 2.11M | 1.79M | 1.4M | 841.92K | 565.74K |
| Total Liabilities | 2.16M | 2.02M | 2.96M | 3.53M | 4.67M | 2.93M | 3.68M | 3.27M | 5.05M | 10.67M | 15.2M | 29.27M | 15.02M | 22.5M | 38.63M | 52.49M | 73.82M | 79.72M | 93.39M | 47M | 12.31M | 25.74M | 25.88M | 24.47M | 5.85M | 10.67M |
| Total Debt | 248K | 500K | 970K | 893K | 1.45M | 3K | 94K | 0 | 0 | 2.48M | 6.09M | 18.64M | 4.36M | 7.75M | 11.77M | 12.41M | 22.5M | 15.24M | 35.22M | 14.6M | 1.43M | 14.29M | 16.77M | 16.24M | 0 | 0 |
| Net Debt | -28.8M | -34.7M | -37.5M | -37.9M | -40.01M | -45.7M | -57.65M | -59.31M | -63.67M | -63.23M | -66.34M | -40.99M | -54.44M | -54.98M | -52.22M | -58.58M | -33.06M | -80.71M | -33.34M | -7.77M | -40.3M | 1.05M | -18.48M | -19.52M | -22.7M | -21.71M |
| Debt / Equity | 0.01x | 0.01x | 0.02x | 0.02x | 0.03x | 0.00x | 0.00x | - | - | 0.04x | 0.09x | 0.24x | 0.05x | 0.07x | 0.08x | 0.06x | 0.12x | 0.06x | 0.18x | 0.11x | 0.01x | 0.14x | 0.18x | 0.15x | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.33x | 0.79x | 0.52x | 0.13x | 1.40x | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.74x | -0.75x | -0.28x | -3.74x | 0.10x | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | -16.21x | -87.59x | -13.85x | -19.84x | -713.54x | -51.34x | -157.72x | 24.43x | -141.53x | 38.68x | 58.15x | 37.74x | - | 353.57x | -191.68x | -594.20x | -1870.77x | -395.40x |
| Total Equity | 37.05M | 40.34M | 43.54M | 48.61M | 50.85M | 54.1M | 55.54M | 58.17M | 61.37M | 59.66M | 66.15M | 79.2M | 88.3M | 117.89M | 153.08M | 215.1M | 186.36M | 237.08M | 190.47M | 135.62M | 101.21M | 100.24M | 93.76M | 110.87M | 224.51M | 282.87M |
| Equity Growth % | -8.17% | -7.34% | -10.43% | -4.42% | -6% | -2.61% | -4.52% | -5.2% | 2.86% | -9.82% | -16.47% | -10.31% | -25.1% | -22.98% | -28.84% | 15.42% | -21.39% | 24.47% | 40.45% | 34% | 0.97% | 6.9% | -15.43% | -50.62% | -20.63% | - |
| Book Value per Share | 3.35 | 3.65 | 3.94 | 4.40 | 4.60 | 4.89 | 5.03 | 5.26 | 5.55 | 5.40 | 5.99 | 7.34 | 8.70 | 11.62 | 14.16 | 18.14 | 17.09 | 19.71 | 15.87 | 11.10 | 9.19 | 9.69 | 9.31 | 11.16 | 23.21 | 28.20 |
| Total Shareholders' Equity | 37.05M | 40.34M | 43.54M | 48.61M | 50.85M | 54.1M | 55.54M | 58.17M | 61.37M | 59.66M | 66.15M | 79.19M | 88.45M | 118.23M | 156.07M | 217.52M | 184.75M | 228.46M | 180.66M | 134.09M | 100.65M | 95.97M | 90.25M | 104.32M | 224.15M | 282.87M |
| Common Stock | 308.75M | 308.75M | 308.75M | 308.75M | 308.75M | 308.75M | 308.75M | 308.75M | 308.75M | 308.75M | 213.24M | 213.24M | 305.07M | 304.85M | 0 | 0 | 0 | 0 | 0 | 0 | 15.63M | 15.56M | 14.74M | 14.45M | 14.33M | 15.16M |
| Retained Earnings | -245.68M | -244.13M | -241.83M | -238.43M | -235.68M | -232.25M | -230.96M | -228.25M | -225.4M | -226.49M | -141.68M | -140.32M | -213.02M | -178.24M | -162.95M | -91.74M | -94.39M | -45.3M | -89.69M | -128.44M | -159.22M | -165.56M | -162.87M | -145.67M | -126.19M | -78.76M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -26.03M | -24.28M | -23.38M | -21.71M | -22.22M | -22.4M | -22.25M | -22.33M | -21.98M | -22.61M | -5.4M | 6.27M | -3.6M | -8.38M | 14.35M | -72K | -25.25M | -26.26M | -26.44M | -26.97M | -28.05M | -26.13M | 46.3M | 47.27M | 48.92M | 46.67M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10K | -146.87K | -338.2K | -3M | -2.42M | 1.61M | 8.62M | 9.81M | 1.53M | 564K | 4.27M | 3.52M | 6.55M | 366.44K | 0 |
Structural Operating Cash Deficit
According to quarterly financial data, GigaMedia's total assets have contracted from $50.7 million in 2023Q3 to $40.6 million by 2025Q4, reflecting a steady decline in the company's resource base as persistent operating losses continue to consume the firm's liquid capital and overall balance sheet strength.
The consistent downward trend in total assets suggests that the company is effectively liquidating its value over time to fund ongoing operations. Investors should monitor whether this trajectory indicates a terminal decline or if management intends to deploy the remaining $29.1 million in cash toward a strategic pivot.
Based on reported figures, GigaMedia maintains a current ratio of 18.16 as of 2025Q4, which appears exceptionally high, yet this metric is primarily a function of the company's $29.1 million cash position rather than an indication of robust working capital efficiency or strong short-term operational health.
While the liquidity buffer is substantial relative to current liabilities, the lack of meaningful revenue growth suggests that this cash is being used to subsidize a business model that is not yet self-sustaining. The high ratio may provide a false sense of security if the underlying operating burn continues to erode the cash balance.
As reported in financial statements, GigaMedia maintains a debt-to-equity ratio of 0.00 as of 2025Q4, highlighting a balance sheet that is virtually free of interest-bearing obligations, which serves as a defensive mechanism against the volatility inherent in the company's persistent operating losses.
The absence of debt suggests that the company is not relying on external financing to fund its operations, which mitigates immediate insolvency risk. However, this lack of leverage also implies that management is not utilizing capital markets to accelerate growth, potentially signaling a lack of confidence in the scalability of current gaming titles.
Based on an analysis of the balance sheet, the company's $29.1 million cash reserve represents the vast majority of its $40.6 million in total assets, suggesting that the market may be valuing GigaMedia primarily as a liquid holding vehicle rather than an active technology operating entity.
This concentration of value in cash creates a significant distortion where the operating business is effectively assigned a negative value by the market. Analysts should consider whether the company's persistent operating deficits are a permanent feature or if the cash pile could be unlocked through a change in corporate strategy.
Quick answers to the most common questions about buying GIGM stock.
As of 2025, GigaMedia Limited (GIGM) had total assets of $40.6M including $34.7M in current assets.
GigaMedia Limited (GIGM) carries total debt of $0.2M, offset by $33.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
GigaMedia Limited (GIGM) has total shareholders' equity (book value) of $37.0M ($3.35 book value per share). Book value represents the net worth of the company belonging to common stock holders.
GigaMedia Limited (GIGM) reported a current ratio of 16.79x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.