$GIGM

GIGAMEDIA Ltd

CIK:0001105101|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
OPERATING REVENUES
Revenue from Contract with Customer, Excluding Assessed Tax	$ 3,474	$ 2,969	$ 4,292
Type of Revenue [Extensible List]	us-gaap:EntertainmentMember	us-gaap:EntertainmentMember	us-gaap:EntertainmentMember
COSTS OF REVENUES
Cost of goods and services sold	$ (1,654)	$ (1,494)	$ (1,846)
Type of Cost, Good or Service [Extensible List]	us-gaap:EntertainmentMember	us-gaap:EntertainmentMember	us-gaap:EntertainmentMember
GROSS PROFIT	$ 1,820	$ 1,475	$ 2,446
OPERATING EXPENSES
Product development and engineering expenses	(663)	(694)	(729)
Selling and marketing expenses	(1,672)	(1,451)	(1,623)
General and administrative expenses	(3,082)	(3,030)	(3,242)
Provision for expected credit losses (Note 6)	(1)	(1)	(7)
Operating Expenses	(5,418)	(5,176)	(5,601)
LOSS FROM OPERATIONS	(3,598)	(3,701)	(3,155)
NON-OPERATING INCOME (EXPENSES)
Interest income from financial institutions	1,220	1,667	1,609
Interest income on securities (Note 17)	463	296	202
Gain on disposal or receipt of principal repayment from investment in securities (Note 8)	0	0	76
Foreign exchange gain (loss), net	402	(426)	(34)
Changes in the fair value of investment in equity securities recognized at fair value (Note 4)	(39)	(161)	(2,110)
Other	(2)	29	13
Nonoperating Income (Expense), Total	2,044	1,405	(244)
LOSS BEFORE INCOME TAXES	(1,554)	(2,296)	(3,399)
INCOME TAX EXPENSE (Note 16)	0	0	0
NET LOSS ATTRIBUTABLE TO SHAREHOLDERS OF GIGAMEDIA	$ (1,554)	$ (2,296)	$ (3,399)
LOSS PER SHARE ATTRIBUTABLE TO GIGAMEDIA
Basic	$ (0.14)	$ (0.21)	$ (0.31)
Diluted	$ (0.14)	$ (0.21)	$ (0.31)
WEIGHTED AVERAGE SHARES USED TO COMPUTE LOSS PER SHARE ATTRIBUTABLE TO GIGAMEDIA SHAREHOLDERS (Note 2)
Basic	11,052	11,052	11,052
Diluted	11,052	11,052	11,052

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
NET LOSS	$ (1,554)	$ (2,296)	$ (3,399)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation	58	48	43
Amortization	9	10	12
Provision for expected credit losses	1	1	7
Gain on disposal or receipt of principal repayment from investment in securities	0	0	(76)
Changes in the fair value of investment in equity securities recognized at fair value	39	161	2,110
Unrealized foreign exchange (gain) loss	(510)	601	(85)
Net changes in:
Accounts receivable	32	85	(35)
Prepaid expenses	(34)	(16)	7
Prepaid licensing and royalty fees	121	(122)	152
Prepaid pension assets	(41)	(37)	9
Other assets	(479)	(284)	272
Accounts payable	19	(6)	(9)
Accrued expenses	365	(437)	31
Other liabilities		(41)	(232)
Net cash used in operating activities	(1,974)	(2,333)	(1,193)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of investment in securities	(4,205)	(1,063)	(105)
Purchases of property, plant and equipment	(44)	(46)	(52)
Increase in intangible assets	(6)	(4)	(6)
Increase in refundable deposits	(7)
Proceeds from disposal or receipt of principal repayment from investment in securities			1,000
Net cash provided by (used in) investing activities	(4,262)	(1,113)	837
CASH FLOWS FROM FINANCING ACTIVITIES:
Net foreign currency exchange differences on cash, cash equivalents and restricted cash	195	(243)	32
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(6,041)	(3,689)	(324)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR	35,094	38,783	39,107
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR	29,053	$ 35,094	$ 38,783
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Income tax paid during the year	$ (4)

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and cash equivalents (Note 5)	$ 28,740	$ 34,781
Accounts receivable - net (Note 6)	108	141
Investment in securities - current (Note 8)	4,638
Prepaid expenses	103	69
Restricted cash (Note 5)	313	313
Other receivable (Note 8)	672	2
Other current assets (Note 7)	139	127
Total Current Assets	34,713	35,433
INVESTMENT IN SECURITIES - NONCURRENT (Note 8)	3,535	5,441
PROPERTY, PLANT AND EQUIPMENT, NET (Note 18)	92	101
INTANGIBLE ASSETS - NET (Note 18)	4	7
OTHER ASSETS
Refundable deposits	189	182
Prepaid licensing and royalty fees (Note 3)	25	147
Right-of-use assets (Notes 9 and 18)	244	484
Other (Notes 8 and 12)	402	563
TOTAL ASSETS	39,204	42,358
CURRENT LIABILITIES
Accounts payable	57	38
Accrued expenses (Note 10)	1,110	745
Deferred revenue (Note 11)	558	578
Other current liabilities (Notes 9 and 17)	341	570
Total Current Liabilities	2,066	1,931
NONCURRENT LIABILITIES
Lease liabilities (Note 9)	93	84
Total Liabilities	2,159	2,015
COMMITMENTS AND CONTINGENCIES (Note 17)
SHAREHOLDERS' EQUITY (Note 13)
Ordinary shares, no par value, and additional paid-in capital; issued and outstanding 11,052 thousand shares as of December 31, 2025 and 2024	308,752	308,752
Accumulated deficit	(245,680)	(244,126)
Accumulated other comprehensive loss (Note 14)	(26,027)	(24,283)
Total GigaMedia Shareholders’ Equity	37,045	40,343
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 39,204	$ 42,358