GigaCloud Technology Inc
Business
GigaCloud Technology Inc operates a global B2B ecommerce platform connecting manufacturers in Asia with resellers in the U.S., Europe, and Japan for large parcel merchandise including furniture, appliances, and fitness equipment. The company generates revenues through marketplace commissions and logistics services (GigaCloud 3P), direct product sales via its marketplace (GigaCloud 1P), and off-platform ecommerce sales to third-party retailers. GigaCloud operates 35 fulfillment centers across five countries with proprietary AI-driven inventory optimization and a cross-border logistics network featuring fixed-rate shipping and one-week delivery to end customers.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenues | 1,290 | 1,161 | 704 | — | — | |
| Total cost of revenues | 989 | 876 | 515 | 407 | 325 | |
| Gross profit | 301 | 285 | 189 | 83 | 90 | |
| Selling and marketing expenses | 98 | 71 | 41 | 24 | 26 | |
| General and administrative expenses | 47 | 74 | 30 | 23 | 25 | |
| Research and development expenses | 11 | 10 | 4 | 1 | 0 | |
| Losses on disposal of property and equipment | 96,000 | 193,000 | 3 | 0 | 0 | |
| Total operating expenses | 156 | 155 | 79 | 48 | 50 | |
| Operating income | 145 | 131 | 110 | 35 | 39 | |
| Interest expense | −200,000 | −256,000 | −1 | −568,000 | — | |
| Interest income | 12 | 9 | 3 | 472,000 | — | |
| Foreign currency exchange gains (losses), net | 175,000 | −1 | 2 | −5 | −2 | |
| Others, net | 5 | 2 | 767,000 | 6,000 | 156,000 | |
| Income before income taxes | 161 | 141 | 115 | 31 | 38 | |
| Income tax expense | −24 | −15 | −21 | −7 | −8 | |
| Net income | 137 | 126 | 94 | 24 | 29 | |
| Foreign currency translation adjustment, net of nil income taxes | 2 | −1 | −278,000 | 969,000 | — | |
| Net unrealized gain (loss) on available-for-sale investments | −4,000 | 7,000 | 0 | 0 | — | |
| Intra-entity foreign currency transactions gain (loss) | 4 | −3 | 0 | 0 | — | |
| Release of foreign currency translation reserve related to liquidation of subsidiaries | −1,000 | −838,000 | 0 | 0 | — | |
| Total other comprehensive income (loss) | 6 | −5 | −278,000 | 969,000 | 123,000 | |
| Comprehensive Income | 143 | 121 | 94 | 25 | 29 | |
| Net income per ordinary share, basic (in USD per share) | 3.6 | 3.06 | 2.31 | 0.6 | 0.88 | |
| Net income per ordinary share, diluted (in USD per share) | 3.59 | 3.05 | 2.3 | 0.6 | 0.88 | |
| Weighted average number of ordinary shares outstanding used in computing net income per ordinary share, basic (in shares) | 38 | 41 | 41 | 24 | 10 | |
| Weighted average number of ordinary shares outstanding used in computing net income per ordinary share, diluted (in shares) | 38 | 41 | 41 | 24 | 10 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 380 | 260 | 183 | 144 | — | |
| Restricted cash | 760,000 | 685,000 | 885,000 | — | — | |
| Accounts receivable, net | 66 | 57 | 59 | 27 | — | |
| Investments | 36 | 43 | 0 | — | — | |
| Inventories | 188 | 172 | 132 | 78 | — | |
| Prepayments and other current assets | 20 | 15 | 18 | 8 | — | |
| Total current assets | 691 | 548 | 393 | 258 | — | |
| Operating lease right-of-use assets | 431 | 452 | 399 | 144 | — | |
| Property and equipment, net | 32 | 29 | 25 | — | — | |
| Intangible assets, net | 5 | 6 | 8 | 0 | — | |
| Goodwill | 13 | 13 | 13 | 0 | — | |
| Deferred tax assets | 13 | 10 | 1 | 75,000 | — | |
| Other non-current assets | 18 | 13 | 8 | 3 | — | |
| Total non-current assets | 512 | 523 | 454 | 160 | — | |
| Total assets | 1,202 | 1,070 | 847 | 419 | — | |
| Accounts payable | 105 | 78 | 70 | 32 | — | |
| Contract liabilities | 7 | 5 | 6 | 2 | 4 | |
| Current operating lease liabilities | 100 | 89 | 58 | 28 | — | |
| Income tax payable | 18 | 14 | 15 | 4 | — | |
| Accrued expenses and other current liabilities | 113 | 80 | 57 | 37 | — | |
| Total current liabilities | 342 | 264 | 206 | 103 | — | |
| Operating lease liabilities, non-current | 368 | 395 | 344 | 117 | — | |
| Deferred tax liabilities | 797,000 | 941,000 | 4 | 472,000 | — | |
| Finance lease obligations, non-current | 690,000 | 382,000 | 111,000 | 867,000 | — | |
| Non-current income tax payable | 5 | 4 | 3 | 3 | — | |
| Total non-current liabilities | 374 | 401 | 351 | 121 | — | |
| Total liabilities | 717 | 665 | 556 | 223 | — | |
| Commitments and contingencies | — | — | — | — | — | |
| Treasury shares, at cost (237,269 and 609,390 shares held as of December 31, 2025 and 2024, respectively) | −7 | −12 | −2 | −231,000 | — | |
| Additional paid-in capital | 89 | 120 | 112 | 109 | — | |
| Accumulated other comprehensive income (loss) | 2 | −4 | 526,000 | 804,000 | — | |
| Retained earnings | 401 | 299 | 178 | 84 | — | |
| Total shareholders equity | 486 | 405 | 290 | 195 | — | |
| Total liabilities and shareholders equity | 1,202 | 1,070 | 847 | 419 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 8 | 9 | 3 | 1 | 775,000 | |
| Share-based compensation | 5 | 17 | 3 | 9 | 10 | |
| Operating lease | 5 | 29 | 2 | 2 | 0 | |
| Changes in accounts receivables | −6 | −234,000 | −5 | −9 | 6 | |
| Changes in inventories | −12 | −47 | −17 | 3 | −47 | |
| Changes in prepayments and other assets | −5 | −2 | −9 | −1 | −2 | |
| Changes in accounts payable, accrued expenses and other current liabilities | 53 | 38 | 46 | 21 | — | |
| Changes in contract liabilities | 2 | −992,000 | 1 | −2 | 266,000 | |
| Changes in income tax payable | 4 | −1 | 11 | −2 | 1 | |
| Changes in deferred income taxes | −3 | −11 | 398,000 | 183,000 | — | |
| Other operating activities | 2 | 2 | 3 | 3 | — | |
| Net cash provided by operating activities | 191 | 158 | 133 | 50 | 9 | |
| Purchases of property and equipment | −8 | −16 | −4 | −709,000 | −2 | |
| Disposals of property and equipment | 191,000 | 2 | 462,000 | 0 | 0 | |
| Advances paid for the acquisition | −1 | 0 | 0 | — | — | |
| Acquisitions, net of cash acquired | 0 | 0 | −87 | 0 | 0 | |
| Purchases of investments | −95 | −74 | 0 | 0 | — | |
| Sale and maturities of investments | 98 | 32 | 0 | 0 | — | |
| Net cash used in investing activities | −5 | −55 | −91 | −709,000 | −2 | |
| Repayment of finance lease obligations | −377,000 | −2 | −2 | −4 | −3 | |
| Repayment of finance lease obligations | 0 | 0 | −197,000 | −312,000 | −430,000 | |
| Repurchases of ordinary shares | −67 | −23 | −2 | 0 | 0 | |
| Net cash used in financing activities | −68 | −25 | −4 | 32 | −3 | |
| Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash | 2 | −1 | 190,000 | 380,000 | −2 | |
| Net increase in cash, cash equivalents and restricted cash | 120 | 76 | 39 | 81 | 2 | |
| Cash paid for interest expense | 200,000 | 256,000 | 1 | — | — | |
| Cash paid for income taxes | 23 | 26 | 10 | 9 | 7 | |
| Purchase of property and equipment under finance leases | 1 | 767,000 | 0 | 3 | 4 | |
| Reversal of subscription receivable from ordinary shares | 0 | 0 | 312,000 | 0 | 0 | |
| Fair value of assets acquired by acquisition | 0 | 0 | 273 | 0 | 0 | |
| Cash paid for business combinations and asset purchases | 0 | 0 | 88 | 0 | 0 | |
| Liabilities assumed by acquisition | 0 | 0 | −186 | 0 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is GigaCloud Technology Inc's CIK number?
GigaCloud Technology Inc's SEC CIK number is 0001857816 (1857816). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find GigaCloud Technology Inc's SEC filings?
All of GigaCloud Technology Inc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did GigaCloud Technology Inc last report earnings?
GigaCloud Technology Inc (GCT) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001857816-26-000054). This is GigaCloud Technology Inc's most recent earnings filing of record — not a forecast of its next earnings date.
What is GigaCloud Technology Inc's most recent earnings 8-K?
GigaCloud Technology Inc's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001857816-26-000054. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View GigaCloud Technology Inc's latest earnings 8-K →
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