GDC on Nasdaq

GD Culture Group Ltd

American wholesale-metals and minerals company based in New York. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

Compare with M2i Global, Inc., or pick any stock.

TickerGDC on Nasdaq²
IndustryWholesale-Metals & Minerals (No Petroleum)²
HeadquartersClearwater, United States²
Incorporated inNV³
Business address111 Town Square Place, Suite #1203, Jersey City, Nj 07310³
Filer categoryNon-accelerated filer, Smaller reporting company³
Legal formCorporation²
LEI529900NGZWUKJ6MS2K54²
StatusActive²
LEI statusIssued and current²
Registered addressc/o VCORP SERVICES, LLC, 701 S. CARSON STREET, SUITE 200, 89701 Carson City, United States²
Registered withBusiness Center (Secretary of State), E0161102018-0²

See how the biggest companies compare on our leaderboards

HK did not have any material impact on the Company’s consolidated financial statements.⁴ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

36.2%Gross margin⁵

-270.2%Operating margin⁶

-20105.1%Net margin⁶

-99.4%Revenue growth, 2022⁵

-889.0%Return on equity⁶

Where the money goes

Where each dollar of revenue went, fiscal 2022

Cost of revenueSelling, general and admin

Cost of revenue19¢$97.8K
Selling, general and admin81¢$414.2K
Income tax0¢$1.1K

Out of $153.3K in revenue.⁵⁶ The company lost money this year.

Financial statements

Revenue⁷⁸⁵$153.3K in 2022−99% since 2019

Gross profit⁷⁸⁵$55.5K in 2022−90% since 2019

Operating income⁷⁸⁵⁶-$414.2K in 2022+43% since 2019

Net income⁷⁸⁵⁶-$30.8M in 2022+83% since 2019

Every line of the income statement as filed: the last 2 fiscal years, latest first.¹¹

Period ending	2025-12-31	2024-12-31
Selling and marketing expenses	-$300.0K	-$2.4M
General and administrative expenses	-$5.1M	-$5.1M
Research and development expenses	-$2.3M	-$797.5K
Impairment of intangible assets	-$852.8K	-$2.8M
Provision of credit loss expenses		-$3.1M
TOTAL OPERATING EXPENSES	-$8.5M	-$14.2M
LOSS FROM OPERATIONS	-$8.5M	-$14.2M
Interest income	$6.4K	$8.7K
Unrealized loss on fair value changes of digital assets	-$178.5M
Sublease rental income	$32.6K
TOTAL OTHER (EXPENSE) INCOME	-$178.5M	$8.7K
LOSS BEFORE INCOME TAXES	-$186.9M	-$14.2M
LESS: INCOME TAX BENEFIT (EXPENSES)	$55.0K	$32.1K
NET LOSS	-$186.9M	-$14.1M
Net loss attributable to noncontrolling interest	-$27	-$284.6K
Net loss attributable to shareholders of common stock	-$186.9M	-$13.8M
- Foreign currency translation adjustment	$55	-$14.5K
- Fair value changes of convertible note receivables		-$102.0K
OTHER COMPREHENSIVE INCOME (LOSS), net of tax	$55	-$116.6K
COMPREHENSIVE LOSS, net of tax	-$186.9M	-$14.2M
Comprehensive loss attributable to noncontrolling interest	-$14	-$378.5K
Comprehensive loss attributable to shareholders of common stock	-$186.9M	-$13.9M
Basic (in Shares)	30.3M shares	9.6M shares
Diluted (in Shares)	30.3M shares	9.6M shares
Basic (in Dollars per share)	-$6.16	-$1.45
Diluted (in Dollars per share)	-$6.16	-$1.45

Total assets⁷⁸⁵⁶$3.8M in 2022−83% since 2019

Total liabilities⁷⁸⁵⁶$333.8K in 2022−98% since 2019

Shareholders’ equity⁸⁵⁶$3.5M in 2022−42% since 2019

Cash⁷⁸⁵⁶$389.1K in 2022−84% since 2019

Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.¹¹

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	$456.0K	$22.5K
Other receivables, net	$41.8K	$9.2K
Prepayments	$331.6K
Total current assets	$829.4K	$31.7K
EQUIPMENT, NET	$3.5K	$7.8K
RIGHT-OF-USE ASSETS, NET	$988.0K	$1.3M
Intangible assets, net	$5.1M	$1.1M
Other assets	$250.7K	$250.7K
Digital assets	$663.0M
Total other assets	$668.3M	$1.4M
Total assets	$670.2M	$2.7M
Other payables and accrued liabilities	$507.7K	$401.8K
Lease liabilities - current	$353.6K	$428.0K
Income tax payable	$188.0K	$141.8K
Total current liabilities	$1.2M	$1.5M
Lease liabilities non-current	$781.2K	$1.1M
Deferred tax liabilities	$21.0K	$153.9K
Total other liabilities	$802.2K	$1.3M
Total liabilities	$2.0M	$2.7M
Common stock, $0.0001 par value, 10,000,000,000 and 200,000,000 shares authorized, 57,318,111 and 11,167,294 shares issued and outstanding as of December 31, 2025 and 2024, respectively	$5.7K	$1.1K
Additional paid-in capital	$937.8M	$82.8M
Accumulated deficit	-$270.1M	-$83.2M
Accumulated other comprehensive income	$152.6K	$152.6K
Total GD Culture Group Limited shareholders equity (deficits)	$667.9M	-$281.7K
Noncontrolling interest	$284.3K	$284.4K
Total shareholders equity	$668.1M	$2.6K	$12.2M
Total liabilities and shareholders equity	$670.2M	$2.7M
Preferred stock, par value (in Dollars per share)	$0.00	$0.00
Preferred stock, shares authorized (in Shares)	1.0B shares	20.0M shares
Common stock, par value (in Dollars per share)	$0.00	$0.00
Common stock, shares authorized (in Shares)	10.0B shares	200.0M shares
Common stock, shares issued (in Shares)	57.3M shares	11.2M shares
Common stock, shares outstanding (in Shares)	57.3M shares	11.2M shares

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	$456.0K	$22.5K
Other receivables, net	$41.8K	$9.2K
Prepayments	$331.6K
Total current assets	$829.4K	$31.7K
EQUIPMENT, NET	$3.5K	$7.8K
RIGHT-OF-USE ASSETS, NET	$988.0K	$1.3M
Intangible assets, net	$5.1M	$1.1M
Other assets	$250.7K	$250.7K
Digital assets	$663.0M
Total other assets	$668.3M	$1.4M
Total assets	$670.2M	$2.7M
Other payables and accrued liabilities	$507.7K	$401.8K
Lease liabilities - current	$353.6K	$428.0K
Income tax payable	$188.0K	$141.8K
Total current liabilities	$1.2M	$1.5M
Lease liabilities non-current	$781.2K	$1.1M
Deferred tax liabilities	$21.0K	$153.9K
Total other liabilities	$802.2K	$1.3M
Total liabilities	$2.0M	$2.7M
Common stock, $0.0001 par value, 10,000,000,000 and 200,000,000 shares authorized, 57,318,111 and 11,167,294 shares issued and outstanding as of December 31, 2025 and 2024, respectively	$5.7K	$1.1K
Additional paid-in capital	$937.8M	$82.8M
Accumulated deficit	-$270.1M	-$83.2M
Accumulated other comprehensive income	$152.6K	$152.6K
Total GD Culture Group Limited shareholders equity (deficits)	$667.9M	-$281.7K
Noncontrolling interest	$284.3K	$284.4K
Total shareholders equity	$668.1M	$2.6K	$12.2M
Total liabilities and shareholders equity	$670.2M	$2.7M
Preferred stock, par value (in Dollars per share)	$0.00	$0.00
Preferred stock, shares authorized (in Shares)	1.0B shares	20.0M shares
Common stock, par value (in Dollars per share)	$0.00	$0.00
Common stock, shares authorized (in Shares)	10.0B shares	200.0M shares
Common stock, shares issued (in Shares)	57.3M shares	11.2M shares
Common stock, shares outstanding (in Shares)	57.3M shares	11.2M shares

Cash from operations⁷⁸⁵⁶-$886.2K in 2022

Capital spending⁸$308.8K in 2021+324% since 2020

Free cash flow⁸⁵-$5.8M in 2021+7665% since 2020

Every line of the cash flow as filed: the last 2 fiscal years, latest first.¹¹

Period ending	2025-12-31	2024-12-31
Net loss	-$186.9M	-$14.1M
Depreciation of equipment	$4.3K	$4.7K
Amortization of intangible assets	$1.1M	$692.8K
Amortization of right-of-use assets	$354.3K	$424.3K
Unrealized loss on fair value changes of digital assets	$178.5M
Provision of credit loss expenses on convertible notes		$2.5M
Provision of credit loss expenses on loan receivable		$650.0K
Impairment of intangible assets	$852.8K	$2.8M
Deferred income tax	-$132.9K	-$173.9K
Other receivables	-$32.6K	$264
Prepayments	-$331.6K	$1.3M
Other payables and accrued liabilities	$1.2K	$378.5K
Lease liabilities	-$397.7K	-$349.7K
Taxes payable	$46.2K	$141.8K
Other payables - related parties	$12.2K	$131.9K
Net cash used in operating activities	-$6.8M	-$5.7M
Loan to a third party		-$1.9M
Repayment of loan to a third party		$1.2M
Net cash used in investing activities		-$650.0K
Proceeds from issuance of common stock	$3.9M	$829.9K
Proceeds from issuance of prefunded warrants	$3.6M
Proceeds from exercise of prefunded warrants		$654
Proceeds from related party loans	$50.0K	$349.5K
Proceeds from shareholder loan	$100.0K
Repayments to a related party	-$399.5K
Net cash provided by financing activities	$7.3M	$1.2M
EFFECT OF EXCHANGE RATE CHANGE ON CASH AND CASH EQUIVALENTS	$55	-$2.9K
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	$433.5K	-$5.2M
Cash paid for income tax	$31.8K
Issuance of common stock for acquisition right, title, and interest in and to the certain software	$6.0M	$1.2M
Initial recognition of right-of-use assets and lease liability		$205.5K
Issuance of common stock for 13.3333% interest in SH Xianzhui		$3.2M
Exercise of November 2023 Registered Warrants	$95	$136
Exercise of pre-funded warrants pursuant to the Warrant Exchange Agreements		$93
Exercise of February 2021 Registered Warrants		$9
Issuance of common stock for acquisition Pallas	$225.7M
Capital contribution from related parties	$615.8M
Fair value changes of convertible notes receivable		-$102.0K
Percentage of issuance of common stock for interest in SH Xianzhui	0 pure

Compare GD Culture Group Ltd with another company

Leadership

Who has led GD Culture Group Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

President

Chief financial officer

Chief operating officer

Lu Cai2024

20202025

Chief executive officerYimin Jin Dec 4, 2019 to Feb 9, 2021¹²
Chief executive officerChuanliu Ni Feb 26, 2018 to Feb 26, 2018¹³
ChairChuanliu Ni Feb 26, 2018 to Feb 26, 2018¹³
ChairQi Zhang Jul 23, 2015 to Sep 9, 2015¹⁴
PresidentXiaonian Zhang Feb 13, 2018 to Feb 13, 2018¹⁵
PresidentPeter Nathanial Jul 23, 2015 to Oct 13, 2017¹⁶
Chief financial officerZihao Zhao Feb 14, 2024 to Feb 14, 2024¹⁷
Chief financial officerXiaoyan Shen Feb 26, 2018 to Feb 26, 2018¹⁸
Chief operating officerLu Cai Feb 14, 2024 to Feb 14, 2024¹⁹

Board members and other officers (18)

vice presidentShuang Zhang Feb 14, 2023 to Feb 14, 2023²⁰
Vice PresidentHongxiang Yu Feb 17, 2023 to Feb 17, 2023²¹
Board memberShuaiheng Zhang Feb 14, 2024 to Feb 14, 2024²²
Board memberShuang Zhang Feb 14, 2023 to Feb 14, 2023²⁰
Board memberHongxiang Yu Feb 17, 2023 to Feb 17, 2023²¹
Board memberQihai Wang Feb 9, 2021 to Feb 9, 2021²³
Board memberYajing Li Feb 9, 2021 to Feb 9, 2021²⁴
Board memberYimin Jin Dec 4, 2019 to Feb 9, 2021¹²
Board memberChenchen Zhang Feb 13, 2018 to Feb 13, 2018²⁵
Board memberHui Zhu Feb 13, 2018 to Feb 13, 2018²⁶
Board memberWenting Zou Feb 13, 2018 to Feb 13, 2018²⁷
Board memberXiaonian Zhang Feb 13, 2018 to Feb 13, 2018¹⁵
Board memberYaqing Hu Feb 13, 2018 to Feb 13, 2018²⁸
Board memberQi Zhang Jan 20, 2016 to Oct 12, 2017²⁹
Board memberArthur B. Drogue Jul 28, 2016 to Jul 28, 2016³⁰
Board memberDongliang Qu Jul 23, 2015 to Jul 23, 2015³¹
Board memberKurt Jetta Jul 23, 2015 to Jul 23, 2015³²
Board memberPeter Nathanial Jul 23, 2015 to Oct 13, 2017¹⁶

Named in SEC Form D filings

People the company listed in its private-offering notices.

Executive Officer, DirectorXiao Jian Wang named Jun 7, 2023 to May 14, 2025³³
DirectorLei Zhang named Apr 17, 2025 to May 14, 2025³³
DirectorYun Zhang named Apr 17, 2025 to May 14, 2025³³
DirectorMingyue Cai named Jun 7, 2023³⁴
DirectorYi Zhong named Jun 7, 2023³⁴

Former names

Code Chain New Continent LtdMay 18, 2020 to Dec 20, 2022³
TMSR HOLDING Co LtdNov 7, 2017 to May 15, 2020³
JM Global Holding CoMay 7, 2015 to Feb 7, 2018³

Timeline

Dec 4, 2019New chief executive Yimin Jin becomes CEO¹²
Mar 28, 2018Founded GD Culture Group Ltd is founded²
Feb 26, 2018New chief executive Chuanliu Ni becomes CEO¹³

Filings

190 filings to the SEC since October 2021: 7 annual reports, 17 quarterly reports, 95 major events, 10 insider forms, 7 large holders, 3 private raises, 51 other. The latest 20:

Aug 14, 202610-Q QUARTERLY REPORT EDGAR
Jul 31, 20268-K CURRENT REPORT EDGAR
Jun 29, 20263 PRIMARY DOCUMENT EDGAR
Jun 29, 20264 PRIMARY DOCUMENT EDGAR
Jun 29, 20268-K CURRENT REPORT EDGAR
Jun 24, 2026SCHEDULE 13G/A EDGAR
Jun 24, 20268-K CURRENT REPORT EDGAR
Jun 24, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
Jun 23, 2026SCHEDULE 13G/A EDGAR
May 22, 2026SCHEDULE 13G EDGAR
May 6, 20268-K CURRENT REPORT EDGAR
May 5, 2026SCHEDULE 13D EDGAR
Apr 29, 20268-K CURRENT REPORT EDGAR
Apr 29, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
Apr 10, 202610-Q QUARTERLY REPORT EDGAR
Apr 3, 20268-K CURRENT REPORT EDGAR
Mar 27, 202610-K ANNUAL REPORT EDGAR
Mar 18, 2026EFFECT EDGAR
Mar 18, 2026DEF 14A PROXY STATEMENT EDGAR
Mar 16, 2026CORRESP EDGAR

The 190 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 1 buys and 2 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Jun 26, 2026	HRT FINANCIAL LP10% owner	Sale	3,135,097	$0.01	$31.4K	Form 4
Jun 25, 2026	HRT FINANCIAL LP10% owner	Sale	604,011	$0.01	$6.0K	Form 4
Jun 24, 2026	HRT FINANCIAL LP10% owner	Buy	6,110,481	$0.02	$122.2K	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Thomas John CorleySCHEDULE 13G/A, 3 filings May 22, 2026 to Jun 24, 2026³⁵
Wealthy Concord LtdSCHEDULE 13D, 1 filing May 5, 2026³⁶
Wei XuSC 13D/A, 1 filing Mar 16, 2023³⁷
Hongxiang YuSC 13D, 1 filing Feb 17, 2023³⁸
CVI Investments, Inc.SC 13G/A, 1 filing Feb 14, 2022³⁹

Money raised

Private offerings the company reported to the SEC on Form D.

May 2, 2025Raised $4.5 million in a private offering of equity Form D: $5.5 million offered in all Form D
Mar 4, 2025Raised $1 million in a private offering of equity Form D: 1 investor so far Form D
May 1, 2023Raised $6.8 million in a private offering of securities Form D: 1 investor so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
New York State Common Retirement Fund	20,100	$41.2K	0.0%	New
E6 Portfolios, LLC	10,154	$20.8K	0.0%	New
UBS Group AG	3,358	$6.9K	0.0%	New
BlackRock, Inc.	3,318	$6.8K	0.0%	New
Vanguard Portfolio Management LLC	1,304	$2.7K	0.0%	New
Morgan Stanley	924	$1.9K	0.0%	New
Barclays PLC	714	$1.5K	0.0%	New
Tower Research Capital LLC (TRC)	300	$615	0.0%	New
Wells Fargo & Company/mn	187	$383	0.0%	New
Bnp Paribas Financial Markets	152	$312	0.0%	New
Vanguard Fiduciary Trust Co	117	$240	0.0%	New
Jpmorgan Chase & Co	96	$239	0.0%	New
Citigroup Inc	107	$220	0.0%	New
Rhumbline Advisers	23	$47	0.0%	New
Osaic Holdings, Inc.	20	$41	0.0%	New
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	0	$1	0.0%	New
Royal Bank Of Canada	45	$0	0.0%	New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARGD Culture Group Ltd filings on SEC EDGAR
2
GLEIFGD Culture Group Ltd LEI record (529900NGZWUKJ6MS2K54)
3
SEC EDGARGD Culture Group Ltd filings on SEC EDGAR
4
SEC EDGARGD Culture Group Ltd annual report, Item 1 (Business)
5
SEC EDGARGD Culture Group Ltd 10-K for fiscal 2022
6
SEC EDGARGD Culture Group Ltd 10-K for fiscal 2022
7
SEC EDGARGD Culture Group Ltd 10-K for fiscal 2019
8
SEC EDGARGD Culture Group Ltd 10-K for fiscal 2020
9
SEC EDGARGD Culture Group Ltd 10-Q for fiscal 2026
10
SEC EDGARGD Culture Group Ltd 10-Q for fiscal 2026
11
SEC EDGARGD Culture Group Ltd 10-K filed 2026-03-27: income statement
12
SEC EDGARYimin Jin, Chief executive officer
13
SEC EDGARChuanliu Ni, Chief executive officer
14
SEC EDGARQi Zhang, Chair
15
SEC EDGARXiaonian Zhang, President
16
SEC EDGARPeter Nathanial, President
17
SEC EDGARZihao Zhao, Chief financial officer
18
SEC EDGARXiaoyan Shen, Chief financial officer
19
SEC EDGARLu Cai, Chief operating officer
20
SEC EDGARShuang Zhang, vice president
21
SEC EDGARHongxiang Yu, Vice President
22
SEC EDGARShuaiheng Zhang, Board member
23
SEC EDGARQihai Wang, Board member
24
SEC EDGARYajing Li, Board member
25
SEC EDGARChenchen Zhang, Board member
26
SEC EDGARHui Zhu, Board member
27
SEC EDGARWenting Zou, Board member
28
SEC EDGARYaqing Hu, Board member
29
SEC EDGARQi Zhang, Board member
30
SEC EDGARArthur B. Drogue, Board member
31
SEC EDGARDongliang Qu, Board member
32
SEC EDGARKurt Jetta, Board member
33
SEC EDGARGD Culture Group Ltd Form D naming Xiao Jian Wang
34
SEC EDGARGD Culture Group Ltd Form D naming Mingyue Cai
35
SEC EDGARThomas John Corley SCHEDULE 13G/A on GD Culture Group Ltd
36
SEC EDGARWealthy Concord Ltd SCHEDULE 13D on GD Culture Group Ltd
37
SEC EDGARWei Xu SC 13D/A on GD Culture Group Ltd
38
SEC EDGARHongxiang Yu SC 13D on GD Culture Group Ltd
39
SEC EDGARCVI Investments, Inc. SC 13G/A on GD Culture Group Ltd