Company research
GD Culture Group Ltd
CIK 1641398Updated Sep 26, 2026
SecurityGDC · NASDAQ · equity
Name history
Code Chain New Continent Ltd · through Dec 20, 2022TMSR HOLDING Co Ltd · through May 15, 2020JM Global Holding Co · through Feb 7, 2018
GDC price & chart
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NASDAQ:GDC on TradingView ↗About the company
GD Culture Group Limited is a Nevada corporation and holding company. The Company is currently undergoing a strategic transition toward leveraging its artificial intelligence and virtual content generation technologies to enter the interactive reading and narrative entertainment market. The Company’s main businesses include AI-driven digital human technology. For more information, please visit the Company’s website at https://www.gdculturegroup.com/.
In the news
GD Culture Group Limited Announces Receipt of Preliminary Non-Binding Going Private Proposal at US$10.75 Per Share ↗
Recent filings
10-Q filing
Other Events
Items 8.01, 9.01
3 filing
4 filing
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Regulation FD Disclosure
Items 5.03, 7.01, 9.01
Show 5 more recent filings
Entry into a Material Definitive Agreement · Regulation FD Disclosure · Other Events
Items 1.01, 7.01, 8.01, 9.01
424B5 filing
Regulation FD Disclosure
Items 7.01, 9.01
SCHEDULE 13D - filed by Wealthy Concord Ltd regarding GD Culture Group Ltd
Entry into a Material Definitive Agreement · Regulation FD Disclosure
Items 1.01, 7.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 670,158,753Source | 2,734,987Source | 14,210,152Source | 3,800,908Source |
| Property, Plant and Equipment, NetUSD | 3,477Source | 7,781Source | 12,511Source | 502Source |
| GoodwillUSD | — | — | — | 2,190,485Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 5,090,238Source | 1,102,400Source | 3,307,949Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 456,041Source | 22,538Source | 5,175,518Source | 389,108Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | — | 194,520Source |
| Assets, CurrentUSD | 829,432Source | 31,733Source | 9,077,894Source | 1,609,921Source |
| Prepaid Expense and Other Assets, CurrentUSD | 331,588Source | — | 1,290,890Source | — |
| Operating Lease, Right-of-Use AssetUSD | 987,988Source | 1,342,333Source | 1,561,058Source | — |
| Other Assets, NoncurrentUSD | 250,740Source | 250,740Source | 3,558,689Source | 2,190,485Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,016,608Source | 2,732,344Source | 2,048,669Source | 333,784Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 5,732Source | 1,117Source | 545Source | 184Source |
| Additional Paid in CapitalUSD | 937,770,530Source | 82,758,975Source | 77,530,221Source | 60,124,087Source |
| Retained Earnings (Accumulated Deficit)USD | -270,071,082Source | -83,194,386Source | -69,358,225Source | -56,841,074Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 152,627Source | 152,585Source | 175,306Source | 179,460Source |
| Stockholders' Equity Attributable to ParentUSD | 667,857,807Source | -281,709Source | 8,347,847Source | 3,467,124Source |
| Liabilities and EquityUSD | 670,158,753Source | 2,734,987Source | 14,210,152Source | 3,800,908Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,214,404Source | 1,473,881Source | 403,169Source | 333,784Source |
| Operating Lease, Liability, CurrentUSD | 353,648Source | 427,984Source | 358,998Source | — |
| Accounts Payable, CurrentUSD | — | — | — | 127,475Source |
| Operating Lease, Liability, NoncurrentUSD | 781,216Source | 1,104,552Source | 1,317,678Source | — |
| Deferred Income Tax Liabilities, NetUSD | 20,988Source | 153,911Source | — | — |
| Other Liabilities, NoncurrentUSD | 802,204Source | — | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 284,338Source | 284,352Source | 3,813,636Source | — |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 297,068Source | — | 327,822Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -186,876,723Source | -14,120,802Source | -14,346,748Source | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | — | — | 1,679Source | 718Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | -97,804Source | 158,392Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | 2,946Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | -127,297Source | 291,234Source |
| Deferred Income Tax Expense (Benefit)USD | -132,923Source | -173,911Source | 327,822Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -6,844,724Source | -5,680,146Source | -13,240,484Source | -886,211Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | 12,702,666Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | -650,000Source | -5,217,314Source | -12,493,352Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 7,278,172Source | 1,180,018Source | 23,088,425Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 433,503Source | -5,152,980Source | 4,786,410Source | -14,199,222Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 456,041Source | 22,538Source | 5,175,518Source | 389,108Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | 1,022Source |
| Income Taxes Paid, NetUSD | 31,761Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 55Source | -2,852Source | 155,783Source | -819,659Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,147,885Source | 692,755Source | 345,155Source | — |
| DepreciationUSD | 4,304Source | 4,730Source | 1,679Source | 718Source |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | — | — | -362Source | — |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | — | — | -2,132,049Source | — |
| Gain (Loss) on Disposition of AssetsUSD | — | — | 99,638Source | -4,060,609Source |
| General and Administrative ExpenseUSD | 5,054,062Source | 5,055,507Source | — | — |
| GoodwillUSD | — | — | — | 2,190,485Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | -2,190,485Source | — |
| Goodwill, Impairment LossUSD | — | — | 2,070,753Source | 6,590,339Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 852,800Source | 2,755,659Source | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | — | 2,755,659Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | -13,836,161Source | -10,389,207Source | -424,652Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -186,931,700Source | -14,120,802Source | -12,214,337Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -30,821,955Source |
| Income Tax Expense (Benefit)USD | -54,977Source | -32,101Source | 327,822Source | 1,146Source |
| Investment Income, InterestUSD | 6,435Source | 8,671Source | 4,500Source | — |
| Net Income (Loss) Attributable to ParentUSD | -186,876,696Source | -13,836,161Source | -12,521,618Source | -30,821,955Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -27Source | -284,641Source | -1,825,130Source | — |
| Nonoperating Income (Expense)USD | -178,468,838Source | 8,671Source | 104,419Source | — |
| Operating ExpensesUSD | 8,462,862Source | 14,161,574Source | 11,990,934Source | 478,977Source |
| Operating Lease, ExpenseUSD | — | 512,937Source | — | — |
| Operating Lease, Impairment LossUSD | — | — | — | 20,082,123Source |
| Other Operating Income (Expense), NetUSD | — | — | — | 1Source |
| Proceeds from Contributed CapitalUSD | — | — | 5,483,930Source | — |
| Proceeds from Issuance of Common StockUSD | 3,907,660Source | 829,879Source | 12,515,452Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | — | — | — | 153,304Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | — | — | 5,235,630Source | 475,857Source |
| Operating Income (Loss)USD | -8,462,862Source | -14,161,574Source | -11,990,934Source | -423,443Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -186,931,700Source | -14,152,903Source | -11,886,515Source | -423,506Source |
| Income Tax Expense (Benefit)USD | -54,977Source | -32,101Source | 327,822Source | 1,146Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -27Source | -284,641Source | -1,825,130Source | — |
| Net Income (Loss) Attributable to ParentUSD | -186,876,696Source | -13,836,161Source | -12,521,618Source | -30,821,955Source |
| Earnings Per Share, BasicUSD per share | -6.16Source | — | -3.88Source | -20.13Source |
| Earnings Per Share, DilutedUSD per share | -6.16Source | -1.45Source | -3.88Source | -20.13Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 30,344,325Source | 9,565,918Source | 3,227,302Source | 1,531,316Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 30,344,325Source | 9,565,918Source | 3,227,302Source | 1,531,316Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,147,885Source | 692,755Source | 345,155Source | — |
| Current Income Tax Expense (Benefit)USD | 77,946Source | 141,810Source | — | — |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | — | — | -2,132,049Source | — |
| General and Administrative ExpenseUSD | 5,054,062Source | 5,055,507Source | — | — |
| Goodwill, Impairment LossUSD | — | — | 2,070,753Source | 6,590,339Source |
| Gross ProfitUSD | — | — | — | 55,534Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | -13,836,161Source | -10,389,207Source | -424,652Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -186,931,598Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -186,931,700Source | -14,120,802Source | -12,214,337Source | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | -1.45Source | -3.22Source | -0.28Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | -1.45Source | -3.22Source | -0.28Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -30,821,955Source |
| Interest ExpenseUSD | — | — | 81Source | — |
| Interest Expense, DebtUSD | — | 2,053Source | — | — |
| Interest Income, OtherUSD | — | 47,043Source | — | 23Source |
| Investment Income, InterestUSD | 6,435Source | 8,671Source | 4,500Source | — |
| Nonoperating Income (Expense)USD | -178,468,838Source | 8,671Source | 104,419Source | — |
| Operating ExpensesUSD | 8,462,862Source | 14,161,574Source | 11,990,934Source | 478,977Source |
| Operating Lease, ExpenseUSD | — | 512,937Source | — | — |
| Other ExpensesUSD | 20,000Source | — | — | — |
| Other IncomeUSD | — | — | — | -63Source |
| Other Operating Income (Expense), NetUSD | — | — | — | 1Source |
| Research and Development ExpenseUSD | 2,256,000Source | 797,500Source | 2,072,500Source | — |
| Selling and Marketing ExpenseUSD | — | — | 4,682,804Source | — |
| Selling ExpenseUSD | 300,000Source | 2,402,908Source | — | — |
Filing attachments
ea029635001ex99-1.htm · 8-K · 2026-06-29
EX-99.1 3 ea029635001ex99-1.htm PRESS RELEASE - GD CULTURE GROUP LIMITED ANNOUNCES 1-FOR-250 REVERSE STOCK SPLIT EFFECTIVE JUNE 29, 2026 Exhibit 99.1 GD Culture Group Limited Announces 1-for-250 Reverse Stock Split Effective June 29, 2026 JERSEY CITY, N.J., June 25, 2026 (GLOBE NEWSWIRE) -- GD Culture Group Limited (Nasdaq: GDC) (the “Company” or “GDC”) today announced that it will effect a reverse stock split of its issued and outstanding shares of common stock, par value $0.0001 per shar…
Read attachment ↗ea029583601ex99-1.htm · 8-K · 2026-06-24
EX-99.1 5 ea029583601ex99-1.htm PRESS RELEASE - GD CULTURE GROUP LIMITED ANNOUNCES APPROXIMATELY $5.45 MILLION REGISTERED DIRECT OFFERING OF COMMON STOCK PRICED AT-THE-MARKET UNDER NASDAQ RULES Exhibit 99.1 GD Culture Group Limited Announces Approximately $5.45 Million Registered Direct Offering of Common Stock Priced At-The-Market Under Nasdaq Rules JERSEY CITY, N.J., June 24, 2026, /GLOBE NEWSWIRE/-- GD Culture Group Limited, a Nevada corporation (Nasdaq: GDC) (the “Company” or “GDC”), t…
Read attachment ↗ea029583601ex99-2.htm · 8-K · 2026-06-24
EX-99.2 6 ea029583601ex99-2.htm PRESS RELEASE - GD CULTURE GROUP LIMITED RECEIVES NASDAQ NOTIFICATION REGARDING MINIMUM BID PRICE DEFICIENCY Exhibit 99.2 GD Culture Group Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency JERSEY CITY, N.J., June 24, 2026 (GLOBE NEWSWIRE) -- GD Culture Group Limited (Nasdaq: GDC) (the “Company” or “GDC”) today announced that the Company had received a written notification letter (the “Notification Letter”) from the Nasdaq Stock Mark…
Read attachment ↗ea028937301ex99-1.htm · 8-K · 2026-05-06
EX-99.1 2 ea028937301ex99-1.htm PRESS RELEASE - GD CULTURE GROUP LIMITED ANNOUNCES RECEIPT OF PRELIMINARY NON-BINDING GOING PRIVATE PROPOSAL AT US$10.75 PER SHARE Exhibit 99.1 GD Culture Group Limited Announces Receipt of Preliminary Non-Binding Going Private Proposal at US$10.75 Per Share JERSEY CITY, N.J., May 5, 2026 (GLOBE NEWSWIRE) -- GD Culture Group Limited (Nasdaq: GDC) (the “Company” or “GDC”) today announced that its Board of Directors (the “Board”) has received a preliminary non…
Read attachment ↗ea028937301ex99-2.htm · 8-K · 2026-05-06
EX-99.2 3 ea028937301ex99-2.htm PRESS RELEASE - GD CULTURE GROUP LIMITED ANNOUNCES FORMATION OF SPECIAL COMMITTEE TO EVALUATE PRELIMINARY NON-BINDING GOING-PRIVATE PROPOSAL Exhibit 99.2 GD Culture Group Limited Announces Formation of Special Committee to Evaluate Preliminary Non-Binding Going-Private Proposal JERSEY CITY, N.J., May 6, 2026 (GLOBE NEWSWIRE) -- GD Culture Group Limited (Nasdaq: GDC) (the “Company” or “GDC”) today announced that its board of directors (the “Board”) has formed…
Read attachment ↗ea028817801ex99-1.htm · 8-K · 2026-04-29
EX-99.1 4 ea028817801ex99-1.htm PRESS RELEASE - GD CULTURE GROUP LIMITED PROVIDES BUSINESS PROGRESS ON AI INTERACTIVE NOVEL PLATFORM - FATO NOW AVAILABLE ON APPLE APP STORE, DATED APRIL 29, 2026 Exhibit 99.1 GD Culture Group Limited Provides Business Progress on AI Interactive Novel Platform - Fato Now Available on Apple App Store NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- GD Culture Group Limited (“GDC” or the “Company”) (Nasdaq: GDC), together with its subsidiary, AI Catalysis Corp. (“…
Read attachment ↗