SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT

SCHEDULE I

UTSTARCOM HOLDINGS CORP. (UNCONSOLIDATED-PARENT COMPANY BASIS)

REGISTRANT BALANCE SHEETS

(In thousands, except par value)


		December 31,
		2025				2024
		(in thousands)
ASSETS
Investment in subsidiaries		$	50,982			$	59,903
Total assets			50,982				59,903
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable-intercompany			14,483				14,677
Total current liabilities			14,483				14,677
Total liabilities			14,483				14,677
Shareholders’ equity:
Ordinary shares: $0.015 par value; 62,500 authorized shares; 10,443 and 10,413 shares issued at December 31, 2025 and December 31, 2024, respectively; 9,187 and 9,157 shares outstanding at December 31, 2025 and December 31, 2024, respectively			157				156
Additional paid-in capital			1,267,939				1,267,826
Treasury stock, at cost: 1,256 and 1,256 shares at December 31, 2025 and December 31, 2024, respectively			(12,335	)			(12,335	)
Accumulated deficit			(1,267,378	)			(1,259,428	)
Accumulated other comprehensive income			48,116				49,007
Total shareholders’ equity			36,499				45,226
Total liabilities and shareholders’ equity		$	50,982			$	59,903

The accompanying notes are an integral part of these financial statements.

UTSTARCOM HOLDINGS CORP. (UNCONSOLIDATED-PARENT COMPANY BASIS)

CONDENSED INFORMATION AS TO STATEMENTS OF COMPREHENSIVE LOSS OF THE REGISTRANT

(In thousands)


		Years ended December 31,
		2025				2024				2023
		(in thousands)
Sales
Unrelated parties		$	—			$	—			$	—
Related parties			—				—				—
Intercompany			—				—				—
Cost of sales
Unrelated parties			—				—				—
Related parties			—				—				—
Intercompany			—				—				—
Gross profit			—				—				—
Operating expenses:
Selling, general and administrative			668				713				768
Research and development			—				—				—
Total operating expenses			668				713				768
Operating loss			(668	)			(713	)			(768	)
Interest income			—				—				—
Interest expense			—				—				—
Other income, net			—				—				—
Loss before income taxes and equity in loss of affiliated companies			(668	)			(713	)			(768	)
Equity in net loss of affiliated companies			(7,282	)			(3,655	)			(3,083	)
Income tax expense			—				—				—
Net loss		$	(7,950	)		$	(4,368	)		$	(3,851	)
Other comprehensive loss, net of tax		$	(891	)		$	(1,906	)		$	(2,527	)
Comprehensive loss		$	(8,841	)		$	(6,274	)		$	(6,378	)

The accompanying notes are an integral part of these financial statements.

UTSTARCOM HOLDINGS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

NOTE 1-BASIS OF PRESENTATION

UTStarcom Holdings Corp., or the Company, a Cayman Island corporation, is the parent company of all UTStarcom Holdings Corp. subsidiaries. The condensed financial statements of the Company have been prepared pursuant to the rules and regulations of the SEC and in conformity with U.S. GAAP. The Company determined cash flow activities during the period were not material and therefore omitted the statement of cash flows from these financial statements.

On June 24, 2011, the Company effected a merger, or the Merger, to reorganize the corporate structure of UTStarcom, Inc., a Delaware corporation incorporated in 1991, and its subsidiaries. As a result of the reorganization, UTStarcom Holdings Corp. became the parent company of UTStarcom, Inc. and its subsidiaries. Pursuant to the Merger, the Company issued an equal number of ordinary shares in exchange for the common stock of UTStarcom, Inc. Given the reorganization of the corporate structure on June 24, 2011, the prior period numbers have been adjusted as if the new corporate structure had been in place since the beginning of the earliest period presented in the above condensed financial statements.

The Company is generally a holding company of certain subsidiaries, or collectively subsidiaries. The condensed financial statements of the Company have been prepared with the assumption that the current corporate structure has been in existence throughout all relevant periods.

The Company records its investment in subsidiaries under the equity method of accounting as prescribed in ASC 323-10, “ The Equity Method of Accounting for Investments in Common Stock. ” Such investment is presented on the balance sheet as “Investment in affiliated companies” and the subsidiaries’ profit or loss are recognized based on the effective shareholding percentage as “Equity in net income (loss) of affiliated companies” on the results of operations.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The footnote disclosures contain supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the notes to the consolidated financial statements of the Company.

The Company is a holding company and does not have any activities. Operating expenses for the Company for the years ended December 31, 2025, 2024 and 2023 consisted mainly of the retaining fee for the Board of Directors, its director and officer insurance expenses and the expenses associated with investor relations. As the Company does not have any cash activity, the recorded expenses were paid on behalf of the Company by UTStarcom, Inc., its subsidiary, and statements of cash flows have been omitted.