Company Analysis

UTStarcom Holdings Corp. (UTSI)

Nasdaq: UTSI · Communications Equipment, NEC · Hangzhou, P.R., CN · filing with the SEC since 1999
Grade4.6
◀ Past 5.0● Present 4.1▶ Future 4.7
2 est.

The grade of UTStarcom Holdings Corp.

Nine metrics read from its own filings, by tense
Headline grade
4.6/10
◀ Past5.030% of the headline
● Present4.140% of the headline
▶ Future4.730% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.0/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
8.8/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2017-04-28.

weight 33% of this tense · 88th percentile among 12 sector filers · read for itself

From the record

UTStarcom Holdings Corp.'s filings since 2017 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2017-04-28) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.7/10

What has it actually done, year after year?

-22.3% a year over 10 filed years; profitable in 3 of 10.

weight 45% of this tense · 17th percentile among 12 sector filers · read for its customers

From the record

UTStarcom Holdings Corp.'s 10 filed years say what it did: revenue went from $87 million in fiscal 2016 to $9 million in fiscal 2025, down 22.3% a year; it rose in 3 of 9 years; the deepest fall was 92% from fiscal 2018 to fiscal 2025; net income was positive in 3 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-22.3%bottom 4% of its family
  • the share of years revenue rosebottom 8% of its family
  • the share of filed years with a profittop 50% of its family
  • the deepest fall from a revenue peak92.3%bottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
6.3/10

How has it treated the people who own it?

SI estimate 6.3/10, confidence 35 of 100 (one part).

weight 22% of this tense · 63rd percentile among 12 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 37% of 12 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 12 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: UTStarcom Holdings Corp.'s shareholder treatment is put at 6.3 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 37% of 12 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.1/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
5.3/10

Is it financially healthy right now?

ROE -22%: lost 22¢ per shareholder dollar. Leverage 35%: owes 35¢ per asset dollar.

weight 45% of this tense · 53rd percentile among 12 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, UTStarcom Holdings Corp. lost about 22 cents for every dollar of shareholders' money, and gross profitability: its products earned about 2 cents per dollar of everything the company owns. Leverage: it owed about 35 cents per dollar of assets, and net share issuance: its share count grew 0.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 29% of its family
  • return on equitybottom 41% of its family
  • gross profit against assetsbottom 23% of its family
  • the share count against the year beforetop 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
1.8/10

How strong is its position in its industry?

bottom 18% of 12 in its family; net margin -88.5%.

weight 33% of this tense · 18th percentile among 12 sector filers · read for its customers

From the record

UTStarcom Holdings Corp.'s standing among 12 graded names in its industry family: revenue of $9 million in fiscal 2025 ranks in the bottom 13% by size; a net margin of -88.5% ranks in the bottom 29%; revenue growth of -13.9% a year over the last 3 filed years ranks in the bottom 13% (its annual reports).

What it rests on

  • revenue against the family$9.0Mbottom 13% of its family
  • net margin-88.5%bottom 29% of its family
  • three-year revenue growth-13.9%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.2/10

What are the people in charge doing?

SI estimate 5.2/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 9 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 9 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 9 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: UTStarcom Holdings Corp.'s leadership is put at 5.2 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 9 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.7/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.5/10

How much room does it have to grow?

top 45% of 12 in its family for room to expand.

weight 45% of this tense · 55th percentile among 12 sector filers · read for itself

From the record

UTStarcom Holdings Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $34 million against no long-term debt tagged leaves 60.5% of its assets as net cash, top 4% of its family; cash from operations less capital spending is -103% of revenue (bottom 21%); a gross margin of 11.7% (bottom 23%); research spending of 51.7% of revenue (top 21%) (its annual report).

What it rests on

  • cash less debt against assets60.5%top 4% of its family
  • cash from operations less capital spending against revenue-103.0%bottom 21% of its family
  • gross margin11.7%bottom 23% of its family
  • research spending against revenue51.7%top 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.8/10

What could actually drive growth from here?

bottom 48% of 12 in its family for growth drivers.

weight 33% of this tense · 48th percentile among 12 sector filers · read for its customers

From the record

UTStarcom Holdings Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew -13.9% a year over the last three filed years against -22.3% over all 10, speeding up (top 21% of its family); the newest year grew -17.5% (bottom 13%); research spending grew -0.8% a year (bottom 38%); capital spending grew 19.2% a year (top 37%) (its annual reports). UTStarcom Holdings Corp. reported 2 product lines in fiscal 2025: Service at $8 million (92%), Product at $751 thousand (8%); 0 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+8.4 points a yeartop 21% of its family
  • the newest year's revenue growth-17.5%bottom 13% of its family
  • three-year growth of research spending-0.8%bottom 38% of its family
  • three-year growth of capital spending19.2%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.9/10

Did its newest year beat what its own record pointed to?

bottom 29% of 12 in its family for expectations against reality.

weight 22% of this tense · 29th percentile among 12 sector filers · read for its shareholders

From the record

UTStarcom Holdings Corp.'s newest year against its own record: revenue of $9 million in fiscal 2025 came in 6.2% below the $10 million its prior three years' pace pointed to (bottom 46% of its family); net income of $8 million against a prior three-year average of $4 million (bottom 21%); a net margin of -88.5% against -33.4% before (bottom 21%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-6.2%bottom 46% of its family
  • net income against the prior three years' average-80%bottom 21% of its family
  • net margin against its prior average-55.2 pointsbottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton UTSI · research, not advice