GigaCloud Technology Inc Class A Ordinary Shares (GCT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.85	$1.16	+36.5%	—	$411.6M	—
Q1 26	$0.97	$1.24	+27.8%	—	$359.5M	—
Q4 25	$0.85	$1.16	+36.5%	—	$362.7M	—
Q2 25	$0.58	$1.14	+96.6%	—	$322.6M	—
Q1 25	$0.53	$0.83	+56.6%	—	$271.9M	—
Q4 24	$0.89	$0.75	-15.7%	—	$295.8M	—
Q3 24	$0.67	$1.15	+71.6%	—	$303.3M	—
Q2 24	$0.79	$1.03	+30.4%	—	$310.9M	—
Q1 24	$0.51	$0.84	+64.7%	—	$251.1M	—
Q4 23	$0.58	$0.87	+50.0%	—	$244.7M	—
Q3 23	$0.38	$0.59	+55.3%	—	$178.2M	—
Q2 23	$0.37	$0.45	+21.6%	—	$153.1M	—
Q1 23	$0.13	$0.39	+200.0%	—	$127.8M	—
Q4 22	$0.03	$0.31	+933.3%	—	$125.6M	—
Q3 22	-$0.17	$0.01	+105.9%	—	$128M	—
Q2 22	—	$0.15	—	—	$124M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.6	—	—	$1.3B	—
FY24	—	$3.06	—	—	$1.2B	—
FY23	—	$2.31	—	—	$703.8M	—
FY22	—	$0.6	—	—	$490.1M	—
FY21	—	$0.69

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$122.3M	$275.5M	$414.2M	$490.1M	$703.8M	$1.2B	$1.3B
YoY change	—	+125.3%	+50.4%	+18.3%	+43.6%	+65%	+11.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	122.3M	275.5M	414.2M	490.1M	703.8M	1.2B	1.3B
Cost of revenue	100.1M	200.4M	324.6M	407M	515.2M	875.8M	989.2M
Gross profit	22.2M	75.1M	89.6M	83.1M	188.6M	285.2M	300.7M
Gross margin	18.1%	27.3%	21.6%	17%	26.8%	24.6%	23.3%
Research & development	—	0	0	1.4M	3.9M	9.8M	10.8M
Selling, general & administrative	17.4M	30.9M	50.2M	46.7M	71.4M	144.6M	144.5M
Operating expenses	17.4M	30.9M	50.2M	47M	74.4M	154.4M	155.4M
Operating income	4.8M	44.2M	39.4M	36.1M	114.2M	130.9M	145.1M
Operating margin	3.93%	16%	9.5%	7.37%	16.2%	11.3%	11.2%
Non-operating income, net	-2K	1.1M	-1.9M	-4.8M	-1.3M	613K	4.6M
Pretax income	4.8M	45.3M	37.7M	31.2M	115M	140.6M	161.2M
Income tax	1.9M	7.8M	8.5M	7.2M	20.9M	14.8M	23.8M
Net income	2.9M	37.5M	29.3M	24M	94.1M	125.8M	137.4M
Net margin	2.34%	13.6%	7.06%	4.89%	13.4%	10.8%	10.6%
EBITDA	4.8M	44.5M	40.8M	38M	120.3M	150.8M	169.6M
EPS	0.07	0.93	0.69	0.6	2.31	3.06	3.6
Diluted EPS	0.07	0.93	0.69	0.6	2.3	3.05	3.59

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	178.2M	244.7M	251.1M	310.9M	303.3M	295.8M	271.9M	322.6M	332.6M	362.7M	359.5M	411.6M
Cost of revenue	129.3M	174.9M	184.5M	234.4M	226.1M	230.8M	208.2M	245.7M	255.6M	279.8M	273.6M	306.1M
Gross profit	48.9M	69.8M	66.5M	76.4M	77.3M	65M	63.7M	76.9M	77M	82.9M	85.8M	105.6M
Gross margin	27.4%	28.5%	26.5%	24.6%	25.5%	22%	23.4%	23.9%	23.2%	22.9%	23.9%	25.6%
Research & development	377K	2.3M	1.8M	3.1M	2.6M	2.4M	2.5M	3.2M	2.5M	2.6M	2.4M	2.7M
Selling, general & administrative	16.8M	27.1M	26.3M	39.6M	33.9M	35M	29.5M	37.7M	34.2M	40.1M	38.7M	53.1M
Operating expenses	17.1M	29M	28.1M	42.7M	36.5M	37.4M	31.8M	40.9M	36.7M	42.8M	41M	55.7M
Operating income	31.8M	40.8M	34.8M	27.6M	40.8M	27.6M	28.5M	36M	40.6M	40M	42.5M	47.5M
Operating margin	17.8%	16.7%	13.9%	8.88%	13.4%	9.34%	10.5%	11.1%	12.2%	11%	11.8%	11.5%
Non-operating income, net	-2.7M	866K	-3M	-763K	4.5M	-56K	1.4M	2.2M	416K	598K	569K	-562K
Pretax income	29.8M	42.8M	33.3M	29M	47.9M	30.4M	32.5M	41M	44M	43.7M	45.9M	49.9M
Income tax	5.6M	7.3M	6.1M	2.1M	7.2M	-573K	5.4M	6.4M	6.9M	5.2M	7.8M	7.6M
Net income	24.2M	35.6M	27.2M	27M	40.7M	31M	27.1M	34.6M	37.2M	38.5M	38.1M	42.3M
Net margin	13.6%	14.5%	10.8%	8.68%	13.4%	10.5%	9.98%	10.7%	11.2%	10.6%	10.6%	10.3%
EBITDA	33.1M	43.7M	39.8M	36.5M	46.8M	33.4M	34.7M	42.6M	46.8M	46.5M	48.5M	53.1M
EPS	0.59	0.87	0.67	0.65	0.98	0.76	0.68	0.91	0.99	1.04	1.04	1.16
Diluted EPS	0.59	0.87	0.66	0.65	0.98	0.76	0.68	0.91	0.99	1.04	1.04	1.16

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	—	760.8M	1.5B	1.9B
Enterprise value	—	—	—	—	—	942.6M	1.6B	2.1B
Shares outstanding	40.2M	40.2M	40.2M	24.4M	40.8M	41.1M	38.2M	38.2M

Valuation

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	6.05	10.9	12.9
P/S	—	—	—	—	—	0.66	1.16	1.31
P/B	—	—	—	—	—	1.88	3.09	3.66
EV/EBITDA	—	—	—	—	—	6.25	9.15	11.4
EV/Sales	—	—	—	—	—	0.81	1.2	1.4
Earnings yield	—	—	—	—	—	16.5%	9.17%	7.78%
FCF yield	—	—	—	—	—	18.7%	12.2%	4.66%
PEG	—	—	—	—	—	—	—	0.47

Profitability

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	18.1%	27.3%	21.6%	17%	26.8%	24.6%	23.3%	25.6%
Operating margin	3.93%	16%	9.5%	7.37%	16.2%	11.3%	11.2%	11.5%
Net margin	2.34%	13.6%	7.06%	4.89%	13.4%	10.8%	10.6%	10.6%
ROE	—	43.2%	23.3%	12.3%	32.4%	31%	28.3%	32.3%
ROA	—	27.1%	15.7%	5.73%	11.1%	11.8%	11.4%	9.07%
ROIC	—	124.9%	44.9%	13.9%	18.3%	19.9%	22.9%	21.9%
Return on tangible assets	—	27.1%	15.7%	5.73%	11.7%	12.2%	11.8%	12.6%

Financial health

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	2.71	3.02	2.51	1.91	2.07	2.02	2.09
Quick ratio	—	1.98	1.59	1.75	1.27	1.42	1.47	1.47
Debt / equity	—	0.05	0.04	0.76	1.39	1.2	0.97	0.95
Debt / assets	—	0.03	0.03	0.35	0.48	0.45	0.39	0.4
Net debt / EBITDA	—	-1.29	-1.42	0.12	1.83	1.21	0.32	0.66
Interest coverage	—	985.2	123.1	55.9	93.7	550.3	807	495.8
Effective tax rate	40.5%	17.3%	22.4%	23.1%	18.2%	10.5%	14.8%	14.9%

Per share

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	3.04	6.85	10.3	20.1	17.3	28.3	33.8	39.7
EPS (basic)	0.07	0.93	0.69	0.6	2.31	3.06	3.6	3.6
EPS (diluted)	0.07	0.93	0.69	0.6	2.3	3.05	3.59	4.2
Book value per share	—	2.16	3.13	7.99	7.12	9.86	12.7	14.8
FCF per share	0.01	0.81	0.17	2.01	3.16	3.47	4.79	4.31
Cash per share	—	1.53	1.57	5.88	4.49	7.36	10.9	10.6
Capex per share	0.02	0.02	0.05	0.03	0.1	0.33	—	—

Capital allocation

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.77%	0.23%	0.44%	0.14%	0.56%	1.16%	—	—
Capex / operating cash flow	-58.8%	3%	34%	2.24%	3.62%	8.36%	—	—
Payout ratio	—	—	—	—	—	—	—	0%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	61.5M	63.2M	143.5M	183.3M	302.4M	416.1M
Receivables	24M	18M	27.1M	58.9M	57.3M	66M
Inventory	35.6M	81.4M	78.3M	132.2M	172.5M	188.3M
Total current assets	132.4M	172.4M	258.1M	392.8M	547.6M	690.7M
Property, plant & equipment	5.9M	11.1M	157.2M	423.5M	481.4M	463.7M
Goodwill & intangibles	—	—	0	41.9M	37.6M	35.1M
Total assets	138.3M	186.8M	418.6M	846.9M	1.1B	1.2B
Accounts payable	18.8M	25.1M	31.6M	69.8M	78.2M	105.4M
Short-term debt	1.5M	2.7M	30.8M	59.6M	88.7M	100.7M
Total current liabilities	48.9M	57M	102.6M	205.8M	264.4M	342.2M
Long-term debt	2.5M	2.6M	117.4M	343.6M	395.6M	369M
Total liabilities	51.6M	60.9M	223.4M	556.5M	665.3M	716.7M
Shareholders' equity	86.8M	125.8M	195.2M	290.4M	405.2M	485.8M
Total debt	4M	5.3M	148.2M	403.2M	484.3M	469.7M
Net debt	-57.5M	-57.9M	4.7M	220M	224.5M	89.9M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	214M	183.3M	195.3M	207.8M	259.8M	302.4M	286.8M	303M	365.9M	416.1M	363.2M	377.8M
Receivables	31.4M	58.9M	59.4M	69.6M	62.5M	57.3M	67M	69.4M	59.8M	66M	83.5M	91.7M
Inventory	82.4M	132.2M	186.1M	197.6M	183.3M	172.5M	204.9M	186.8M	176.4M	188.3M	240.3M	218M
Total current assets	341.5M	392.8M	460.7M	493.4M	527.7M	547.6M	579.2M	577.3M	622M	690.7M	708.9M	730.2M
Property, plant & equipment	175.7M	423.5M	481.8M	518.2M	505M	481.4M	471.4M	466.7M	458.8M	463.7M	472.7M	494.6M
Goodwill & intangibles	—	41.9M	40.8M	39.7M	38.6M	37.6M	37M	36.3M	35.7M	35.1M	35.7M	35M
Total assets	529.8M	846.9M	977.6M	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B	1.3B
Accounts payable	40.2M	69.8M	86.8M	79.9M	66.7M	78.2M	87.8M	73.7M	79.5M	105.4M	98.8M	86.1M
Short-term debt	32.9M	59.6M	69.4M	76.4M	84.9M	88.7M	90.8M	96.3M	99.9M	100.7M	106.7M	121.4M
Total current liabilities	140.4M	205.8M	251.7M	249M	247.3M	264.4M	291.8M	273.9M	299.6M	342.2M	342.9M	349.3M
Long-term debt	131.6M	343.6M	401.1M	440.8M	419.4M	395.6M	381.1M	372.1M	361.8M	369M	368.2M	384.9M
Total liabilities	275.6M	556.5M	659.8M	696.6M	673M	665.3M	678.1M	651.3M	666.8M	716.7M	719.9M	739.7M
Shareholders' equity	254.2M	290.4M	317.8M	358.4M	400.4M	405.2M	412.9M	431.4M	457.3M	485.8M	510.3M	534M
Total debt	164.5M	403.2M	470.5M	517.2M	504.3M	484.3M	471.9M	468.4M	461.7M	469.7M	474.9M	506.3M
Net debt	-49.5M	220M	285.3M	331.6M	286.7M	224.5M	220.2M	228.2M	126.8M	89.9M	144.6M	171.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2.9M	37.5M	29.3M	24M	94.1M	125.8M	137.4M
Depreciation & amortization	128K	227K	775K	1.4M	2.9M	8.5M	8.3M
Stock-based compensation	0	0	9.7M	9.2M	2.5M	16.8M	5M
Change in working capital	-4.4M	-16.8M	-34.7M	-5.5M	5.9M	-21.4M	34.4M
Operating cash flow	-1.6M	21.5M	5.4M	31.7M	108.3M	160.8M	190.7M
Capital expenditure	-944K	-647K	-1.8M	-709K	-3.9M	-13.4M	—
Investing cash flow	-944K	-647K	-1.8M	-709K	-90.5M	-55.4M	2.6M
Dividends paid	—	—	—	—	—	—	—
Share repurchases	—	—	0	0	-1.6M	-23.2M	-67.4M
Financing cash flow	89K	25.7M	-3M	31.9M	-4M	-25M	-67.8M
Net change in cash	-2.5M	46.6M	585K	62.8M	13.7M	80.4M	125.5M
Free cash flow	213K	32.6M	6.7M	48.9M	129.1M	142.5M	182.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	24.2M	35.6M	27.2M	27M	40.7M	31M	27.1M	34.6M	37.2M	38.5M	38.1M	42.3M
Depreciation & amortization	390K	1.7M	2.1M	2.1M	2.1M	2.3M	2M	2.1M	2.1M	2M	2.2M	2.2M
Stock-based compensation	317K	429K	275K	13.9M	1.4M	1.2M	1.2M	3M	349K	349K	345K	11.2M
Change in working capital	1.2M	5.3M	-37.8M	-39.4M	-1.4M	38.3M	-25.7M	7.2M	37M	16M	-71.5M	17.2M
Operating cash flow	26.5M	22.7M	354K	18.1M	46.1M	77.5M	5.1M	38.6M	78.3M	64.4M	-21.7M	48.4M
Capital expenditure	-663K	-3.1M	-2.5M	-6.1M	-3.8M	-1.1M	-2.4M	—	—	—	—	—
Investing cash flow	-663K	-81.2M	-12.5M	-17.9M	-23.6M	-1.4M	4.6M	-27.3M	28.9M	-5M	-10.4M	-11M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	0	—	—	0	-23.2M	-22.7M	-23.3M	-11.3M	-10M	-12.3M	-30M
Financing cash flow	-786K	-569K	-595K	-554K	-440K	-23.4M	-22.8M	-23.4M	-11.4M	-10.1M	-12.4M	-30.2M
Net change in cash	25M	-59.1M	-12.7M	-438K	22M	52.8M	-13M	-12.1M	95.7M	49.2M	-44.5M	7.3M
Free cash flow	43.4M	47.2M	11.3M	12.9M	51.4M	66.9M	7M	37M	77.1M	61.7M	-26.2M	45.1M

GigaCloud Technology Inc Class A Ordinary Shares Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement