GigaCloud Technology Inc GCT

Consumer discretionary SIC 5961 - Retail-Catalog & Mail-Order Houses NAICS Retail Trade derived Nasdaq

We are a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise. Our B2B ecommerce platform, which we refer to as the "GigaCloud Marketplace," integrates everything from product discovery to payments to logistics tools into one easy-to-use platform. Our global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Europe and Japan, to execute cross-border transactions with confidence, speed and efficiency. We offer a truly comprehensive solution that transports products from manufacturers' warehouses to end customers, all at one fixed price. We first launched our marketplace in January 2019 by focusing on the global furniture market and have since expanded into additional categories such as home appliances and fitness equipment. GigaCloud Marketplace is one of the fastest growing large parcel B2B marketplaces with over $1,576.8 million, $1,341.4 million and $794.4 million of GMV transacted in our marketplace in 2025, 2024 and 2023, respectively.

Last close 58.24 2026-10-23
Market cap $2.13B estimated share count
52-week range 25.39 - 60.96

Valuation FY2025 figures against the last close

P/S1.6x
P/E16.2x
P/FCF11.6x
EV/EBITDA13.9x
Dividend yield—
Diluted EPS3.59

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $1.29B$1.16B$703.8M$490.1M$414.2M$275.5M—
Gross profit $300.7M$285.2M$188.6M$83.1M$89.6M$75.1M—
R&D $10.8M$9.8M$3.9M$1.4M$0$0—
SG&A $46.6M$73.9M$30.0M$22.6M$24.5M$8.7M—
Total operating expenses $155.7M$154.6M$78.6M$48.1M$50.2M$30.9M—
Operating income $145.0M$130.6M$110.1M$35.0M$39.4M$44.2M—
Interest expense $200.0K$256.0K$1.2M$568.0K$309.0K$46.0K—
Pre-tax income $161.2M$140.6M$115.0M$31.2M$37.7M$45.3M—
Income tax $23.8M$14.8M$20.9M$7.2M$8.5M$7.8M—
Net income $137.4M$125.8M$94.1M$24.0M$29.3M$37.5M—
EPS, basic 3.603.062.310.600.881.36—
EPS, diluted 3.593.052.300.600.881.36—
Shares, diluted (wtd. avg.) 38.2M41.2M40.9M24.4M10.2M9.5M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $379.8M$259.8M$184.2M$145.1M$63.9M$62.2M$5.6M
Short-term investments $36.3M$42.7M$0————
Receivables $66.0M$57.3M$58.9M$27.1M$18.0M——
Inventory $188.3M$172.5M$132.2M$78.3M$81.4M——
Total current assets $690.7M$547.6M$392.8M$258.1M$172.4M——
Property, plant and equipment ——$24.6M$13.1M$11.1M——
Goodwill $12.6M$12.6M$12.6M$0———
Other intangibles $5.0M$6.2M$8.4M$0$0——
Total assets $1.20B$1.07B$846.9M$418.6M$186.8M——
Accounts payable $105.4M$78.2M$69.8M$31.6M$25.1M——
Short-term debt ——$0$207.0K$345.0K——
Total current liabilities $342.2M$264.4M$205.8M$102.6M$57.0M——
Long-term debt ——$0$0$237.0K——
Total liabilities $716.7M$665.3M$556.5M$223.4M$60.9M——
Retained earnings $400.9M$298.9M$177.7M$83.6M$60.6M——
Total equity $485.8M$405.2M$290.4M$195.2M$99.2M$61.6M$27.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow $190.7M$158.1M$133.5M$49.7M$8.6M$33.3M—
Depreciation and amortisation $8.3M$8.5M$2.9M$1.4M$775.0K$227.0K—
Stock-based compensation $5.0M$16.8M$2.5M$9.2M$9.7M$0—
Capital expenditure $7.9M$15.5M$4.4M$709.0K$1.8M$654.0K—
Investing cash flow -$5.1M-$55.4M-$90.5M-$709.0K-$1.8M-$647.0K—
Financing cash flow -$67.8M-$25.0M-$4.0M$31.9M-$3.0M$23.3M—
Buybacks $67.4M$23.2M$1.6M————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001857816-26-000047.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B Revenue, FY2020: 275.5M Gross profit, FY2020: 75.1M Net income, FY2020: 37.5M Revenue, FY2021: 414.2M Gross profit, FY2021: 89.6M Net income, FY2021: 29.3M Revenue, FY2022: 490.1M Gross profit, FY2022: 83.1M Net income, FY2022: 24M Revenue, FY2023: 703.8M Gross profit, FY2023: 188.6M Net income, FY2023: 94.1M Revenue, FY2024: 1.2B Gross profit, FY2024: 285.2M Net income, FY2024: 125.8M Revenue, FY2025: 1.3B Gross profit, FY2025: 300.7M Net income, FY2025: 137.4M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $275.5M $414.2M $490.1M $703.8M $1.16B $1.29B
Gross profit — $75.1M $89.6M $83.1M $188.6M $285.2M $300.7M
Net income — $37.5M $29.3M $24.0M $94.1M $125.8M $137.4M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event Item 8.01
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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