UTStarcom Holdings

UTSI

Communication Equipment · Technology

Price

$2.40

+0.13 (+5.73%)

Market Cap

$22.8M

Exchange

NASDAQ Global Select

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Sep 3, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

Track this stock — start free trial

Share count rising — dilution

+2.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 9.0M (2021) → 9.2M (2025)

Winston Score History

The full picture

UTStarcom is a telecom equipment company that sells networking gear to phone and internet service providers, mainly in Asia. Its products include broadband access equipment and internet protocol-based communication systems. The company was once a major player in China's telecom buildout but has shrunk significantly over the years.

UTStarcom earns revenue by selling hardware and providing related services to telecom carriers, with most of its business concentrated in Japan, India, and other parts of Asia. It is a very small company today with a market cap near zero and deeply negative operating margins, reflecting years of declining sales. The key risk is whether UTStarcom can stabilize its revenue base and return to profitability, as continued losses and intense competition from larger equipment makers threaten its long-term viability.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-27.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-40.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$5M/ year

↓ Declining (-9% vs prior year)

51.7% of revenue

3.4x the sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

65.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 years

$29M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$29M cash & investments at current burn rate

Revenue declining

UTStarcom Holdings's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

-13.6%

Thin — -13.6% gross margin

Profit after running costs

Operating Margin

-178.6%

Losing money on operations — -178.6%

Return on the money invested

ROCE

-54.5%

Weak — -54.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+48.3%

Fast-growing sales (+48.3% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-113.8%

Burning cash (-113.8%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

—

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial