GBT Technologies Inc. reported its financial results for the third quarter and the nine months ended September 30, 2025, revealing a significant decline in both revenue and profitability compared to the same period in 2024. The company recorded a net loss of $180,640 for the third quarter, a stark contrast to a net income of $6,276,094 in the prior year. For the nine-month period, the net loss was $498,594, down from a net income of $14,501,569 in 2024. The decrease in profitability is attributed to a substantial drop in other income, primarily due to the reduction of derivative liabilities as all converted note payables were amended to fixed conversion features in late 2024.
Operating expenses for the third quarter decreased by 61% to $78,100 from $198,607 in the same quarter of 2024, reflecting the company's efforts to manage costs amid limited cash flows. For the nine-month period, operating expenses also fell by 63% to $195,271 from $533,315 in the previous year. Despite these reductions, the company continues to face challenges, including an accumulated deficit of $295,774,377 and a working capital deficit of $10,422,177 as of September 30, 2025, raising concerns about its ability to continue as a going concern.
In terms of strategic developments, GBT Technologies has been active in expanding its business through joint ventures and acquisitions. Notably, the company entered into an Amended and Restated Joint Venture Agreement with Magic Internacional Argentina FC and GBT Tokenize Corp. in July 2023, which aims to commercialize a vital device based on its technology portfolio. Additionally, the company completed a merger with VisionWave Holdings, Inc. in July 2025, converting its holdings in Visionwave Technologies into shares of the publicly traded entity.
Operationally, GBT Technologies reported an increase in its common stock outstanding, rising to 18,492,870,775 shares as of September 30, 2025, compared to 16,813,229,180 shares at the end of 2024. The company has also been focusing on its marketable securities, which were valued at $6,277 as of September 30, 2025, down from $8,462 at the end of 2024. The company’s management is actively seeking additional capital through private placements of debt and equity securities to support its operations and mitigate the working capital deficit.
Looking ahead, GBT Technologies acknowledges the need for substantial capital to support its growth and operational needs. The management plans to continue exploring financing options to address its liquidity challenges and is focused on executing its business strategy to achieve profitability. However, the company’s ability to generate positive cash flow remains uncertain, and it may face difficulties in securing necessary funding on favorable terms.
About GBT Technologies Inc.
GBT Technologies Inc. develops IoT, AI, and wireless mesh networking solutions for diverse markets including telecommunications, asset tracking, and medical devices. It licenses proprietary technologies, offers consulting services, and commercializes electronic products. Focused on innovation, GBT leverages advanced radio wave imaging and AI platforms to enhance object detection and connectivity, serving enterprise, government, and consumer sectors with a competitive edge in integrated, last-mile network solutions.
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