GCL Global Holdings (GCL) AI Stock Analysis

• Market Cap: $74.90M
• Dividend Yield: N/A
• Average Volume (3M): 167.73K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.29
• Revenue Growth: N/A
• EPS Growth: 20.00%
• Country: US
• Employees: 2
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): -0.04
• Shares Outstanding: 122,572,975
• 10 Day Avg. Volume: 159,451
• 30 Day Avg. Volume: 167,734
• PEG Ratio: 6.19
• Price to Book (P/B): 101.01
• Price to Sales (P/S): 14.77
• P/FCF Ratio: 1.39K
• Enterprise Value/Market Cap: 1.02
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: -99.35
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: $0.80 ▼(-25.93% Downside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is primarily driven by mixed financial performance: strong growth and improved profitability are offset by negative operating/free cash flow and higher leverage. Technicals add pressure as the stock trades below major moving averages with bearish momentum indicators. Valuation contributes modestly negatively due to an uninformative negative P/E and no dividend support.

Positive Factors

Revenue Growth

GCL nearly doubled revenue year-over-year in 1H 2026, driven by the Ban Leong acquisition and expanded product lines. Durable top-line momentum reflects stronger market adoption and scale, which can support continued investment in IP, distribution and operating leverage over coming quarters.

Strategic Investments & Partnerships

Sequential strategic investments from ADATA into 4Divinity and other alliance activity provide capital and potential co-development, distribution and co-marketing opportunities. These arrangements strengthen publishing and hardware ties, creating lasting collaboration optionality and competitive advantages across the value chain.

Diversified, Integrated Ecosystem

GCL is building an integrated gaming ecosystem across development, publishing, hardware and marketing, yielding multiple revenue streams (IP, publishing fees, peripherals). Vertical integration reduces dependence on single titles and supports cross-selling, improving resilience and potential margin expansion once synergies materialize.

Negative Factors

Weak Cash Generation

Operating and free cash flows remain negative despite revenue growth, revealing structural inefficiency converting earnings into cash. Persistent negative cash generation increases reliance on external financing, limits capacity for organic reinvestment, and heightens liquidity risk during integration phases and product rollouts.

Rising Leverage

The balance sheet shows increasing leverage and the company took secured term financing to support acquisitions. Higher debt elevates financial risk, reduces strategic flexibility and amplifies refinancing and interest burdens if operating cash flow does not improve as integration and growth initiatives progress.

Margin Pressure from Integration

Integration of Ban Leong and expansion raised cost of revenues and operating expenses, producing lower gross margins and a deeper short-term loss. If fixed and recurring costs remain elevated before synergies are captured, sustainable margin recovery could be delayed, weighing on durable profitability metrics.

GCL Global Holdings Business Overview & Revenue Model

Company Description

GCL Global Holdings Ltd, together with its subsidiaries, engages in the development, publishing, marketing, retails, and distribution of video games, activation keys, and entertainment content in Asia, Europe, and the United States. It offers PC, consoles, and mobile games; and influencer marketing services. The company is based in Singapore.

How the Company Makes Money

GCL Global Holdings generates revenue through several key streams. Primarily, the company makes money by manufacturing and selling solar panels, inverters, and related equipment, which are essential components for solar power systems. In addition to product sales, GCL earns income by developing and operating large-scale solar energy projects, which provide long-term power purchase agreements (PPAs) with utilities and commercial customers. Furthermore, the company offers energy management services that enhance the efficiency and integration of renewable energy systems for its clients. Strategic partnerships with other energy firms, technology providers, and government entities also bolster revenue through joint ventures and collaborative projects aimed at expanding renewable energy capacity. Overall, GCL's comprehensive approach to renewable energy solutions allows it to capitalize on the growing demand for sustainable energy sources worldwide.

GCL Global Holdings Financial Statement Overview

Summary

Revenue growth and a return to positive net income support the outlook, but financial quality is held back by negative operating/free cash flow and rising leverage, which increase liquidity and stability risk.

Income Statement

GCL Global Holdings shows a strong revenue growth trajectory, particularly notable with a significant increase in the latest period. However, profitability margins such as Gross Profit Margin and Net Profit Margin are moderate, indicating room for improvement in cost management and operational efficiency. The company has turned around from previous losses to a positive net income, which is a positive sign of recovery.

Balance Sheet

The balance sheet reflects moderate leverage with a Debt-to-Equity Ratio that has increased over time, indicating rising debt levels. The Return on Equity has fluctuated, showing some instability in generating returns for shareholders. The Equity Ratio suggests a reasonable proportion of equity financing, but the overall financial stability could be improved by reducing debt levels.

Cash Flow

Cash flow analysis reveals challenges, with negative operating and free cash flows indicating liquidity issues. Although there is a remarkable growth in free cash flow, the negative values suggest ongoing cash management challenges. The ratios of cash flow to net income highlight inefficiencies in converting income into cash, which could pose risks if not addressed.

Breakdown	Dec 2024	Mar 2024	Mar 2023	Dec 2021
Income Statement
Total Revenue	0.00	97.53M	77.44M	0.00
Gross Profit	0.00	13.32M	13.85M	0.00
EBITDA	-772.00K	971.86K	4.46M	0.00
Net Income	-1.02M	-1.37M	1.99M	-31.78K
Balance Sheet
Total Assets	18.18M	49.56M	47.82M	606.06K
Cash, Cash Equivalents and Short-Term Investments	40.51K	2.68M	2.54M	0.00
Total Debt	1.83M	10.98M	11.19M	355.18K
Total Liabilities	7.61M	32.93M	30.50M	612.82K
Stockholders Equity	10.56M	14.26M	14.55M	-6.76K
Cash Flow
Free Cash Flow	-661.33K	1.04M	-4.90M	―
Operating Cash Flow	-661.33K	1.32M	-4.37M	―
Investing Cash Flow	13.00M	-780.62K	-615.53K	0.00
Financing Cash Flow	-12.48M	135.24K	4.36M	0.00

GCL Global Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GCL, the sentiment is Negative. The current price of 1.08 is above the 20-day moving average (MA) of 0.76, above the 50-day MA of 0.96, and below the 200-day MA of 2.19, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 35.11 is Neutral, neither overbought nor oversold. The STOCH value of 33.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GCL.

GCL Global Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DDI	77 Outperform	$452.92M	4.43	11.19%	―	1.21%	0.72%
GRVY	73 Outperform	$451.82M	8.14	13.07%	―	6.55%	-10.75%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
GDEV	59 Neutral	$272.68M	7.01	―	18.48%	―	―
SOHU	56 Neutral	$496.68M	1.17	14.73%	―	-4.80%	―
GCL	50 Neutral	$74.90M	-4.04	14.92%	―	―	20.00%
MYPS	46 Neutral	$64.39M	-1.71	-14.82%	―	-17.17%	-51.88%

GCL Global Holdings Corporate Events

GCL Global Holdings Files September 2025 Interim Financials and Amends Series B Investment Terms

On January 30, 2026, GCL Global Holdings Ltd filed a Form 6-K with the U.S. Securities and Exchange Commission furnishing its unaudited interim condensed consolidated financial statements as of September 30, 2025 and for the six months ended September 30, 2025 and 2024. The filing provides investors with updated visibility into the company’s balance sheet strength, capital structure, and operating performance, including details on assets, liabilities, equity movements, and cash flows, and is accompanied by an operating and financial review, non-GAAP performance metrics, and disclosure of a first amendment dated May 15, 2025 to a Series B preferred stock purchase agreement with Nekcom Inc., signaling continued use of structured financing and investment arrangements that may influence future capital allocation and risk profile.

The most recent analyst rating on (GCL) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on GCL Global Holdings stock, see the GCL Stock Forecast page.

GCL Global Slashes FY 2026 Outlook as Ban Leong Deal Drives Revenue Surge but Deeper Losses

On January 30, 2026, GCL Global Holdings reported unaudited results for the six months ended September 30, 2025, showing revenues nearly doubling year on year to $98.7 million, driven largely by the Ban Leong Technologies acquisition and an expanded console game, hardware and accessories line-up, but at the cost of a lower gross margin of 11.0% and a widened net loss of $5.6 million as cost of revenues and operating expenses more than doubled. The company highlighted that integration of Ban Leong, higher recurring costs from its enlarged operating footprint, and one-off transaction and integration expenses pushed EBITDA into a $2.7 million loss and basic and diluted loss per share to $0.04, while its cash position slipped slightly to $19.8 million and new secured term financing of $38.7 million was put in place to support the deal. Against this backdrop, GCL cut its full-year 2026 guidance, now expecting revenues to exceed $210 million and gross profit to exceed $21 million instead of its previous, higher targets, citing short-term delays in two game releases that are shifting publishing revenue into the next fiscal year, even as management points to fiscal 2027 as a key inflection when new IP launches and ecosystem synergies are expected to start contributing more meaningfully. Operationally, the period and subsequent months saw a series of strategic moves, including the September 2025 Asia launch of “Mandragora: Whispers of the Witch Tree,” a global publishing deal for multiplayer title “The Defiant,” an MOU to acquire a 60% stake in Taiwan’s Alliance-Star International, the unveiling of live-action interactive game “Island of Hearts” targeted for March 2026 PC release, an MOU to acquire gamer-focused marketing agency Madeviral, and a $3 million strategic investment by ADATA Technology into 4Divinity, all of which underscore GCL’s push to build an integrated gaming ecosystem spanning development, publishing, distribution and marketing.

The most recent analyst rating on (GCL) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on GCL Global Holdings stock, see the GCL Stock Forecast page.

GCL Global Holdings Projects Strong Financial Growth for FY 2026

On December 4, 2025, GCL Global Holdings Ltd released its investor presentation for December 2025, outlining its expectations for fiscal year 2026. The company anticipates revenue to exceed $240 million and gross profit to surpass $30 million, with average margins of 15% to 30%. The presentation highlighted GCL’s strategic focus on leveraging its top-tier production team to enhance game development and expand its market presence through robust distribution networks and diversified revenue streams. This positions GCL as a key player in the gaming industry, driving growth and strengthening its competitive edge.

The most recent analyst rating on (GCL) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on GCL Global Holdings stock, see the GCL Stock Forecast page.

GCL Global Holdings Secures Strategic Investment from ADATA Technology

On December 2, 2025, GCL Global Holdings Ltd. announced a $3 million strategic investment by ADATA Technology in its publishing subsidiary, 4Divinity Pte. Ltd., for approximately 1.2% equity interest. This investment is expected to enhance collaboration opportunities in gaming and digital entertainment, reinforcing GCL’s position in the industry and supporting the launch of anticipated game titles.

The most recent analyst rating on (GCL) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on GCL Global Holdings stock, see the GCL Stock Forecast page.

GCL Global Holdings Projects Significant Revenue Growth for FY 2026

On November 25, 2025, GCL Global Holdings Ltd announced its fiscal year 2026 revenue and gross profit expectations, projecting over $240 million in revenue and more than $30 million in gross profit, marking significant increases from the previous year. The company is focusing on developing key game IPs and integrating Ban Leong Technologies to enhance its gaming ecosystem, aiming for sustainable growth and leveraging the trend of Asian gaming studios producing globally appealing titles.