NASDAQ : GCT
GigaCloud Technology Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 58.38 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.08B
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Financial statements
GigaCloud Technology Inc. (GCT) reported revenue of 1.47B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.47B | 1.29B | 1.16B | 703.83M | 490.07M | 414.20M |
| Cost of Revenue | 1.12B | 989.23M | 875.81M | 515.20M | 406.96M | 324.60M |
| Gross Profit | 351.40M | 300.67M | 285.24M | 188.63M | 83.11M | 89.60M |
| Selling, General & Admin | 170.14M | 144.76M | 144.63M | 71.39M | 46.66M | 50.24M |
| Research & Development | 10.20M | 10.83M | 9.79M | 3.92M | 1.43M | |
| Operating Expenses | 180.34M | 155.59M | 154.42M | 75.32M | 48.09M | 50.24M |
| Operating Income | 171.05M | 145.07M | 130.81M | 113.31M | 35.02M | 39.35M |
| Interest Expense | -371.00K | -200.00K | -256.00K | -1.24M | -568.00K | -309.00K |
| Interest & Investment Income | 12.34M | 11.73M | 9.40M | 3.30M | 472.00K | 537.00K |
| Currency Exchange Gain (Loss) | -2.39M | 175.00K | -1.23M | 2.09M | -4.85M | -2.01M |
| Other Non Operating Income (Expenses) | 3.18M | 4.51M | 2.08M | 767.00K | 1.09M | 156.00K |
| EBT Excluding Unusual Items | 183.81M | 161.29M | 140.81M | 118.23M | 31.16M | 37.73M |
| Gain (Loss) on Sale of Assets | 11.00K | -96.00K | -193.00K | -3.24M | ||
| Pretax Income | 183.56M | 161.19M | 140.61M | 115.00M | 31.16M | 37.73M |
| Income Tax Expense | 27.42M | 23.82M | 14.81M | 20.89M | 7.19M | 8.47M |
| Net Income | 156.13M | 137.37M | 125.81M | 94.11M | 23.97M | 29.26M |
| Preferred Dividends & Other Adjustments | 9.29M | 20.28M | ||||
| Net Income to Common | 156.13M | 137.37M | 125.81M | 94.11M | 14.68M | 8.98M |
| Shares Outstanding (Basic) | 36.94M | 38.16M | 41.08M | 40.79M | 24.41M | 10.25M |
| Shares Outstanding (Diluted) | 37.00M | 38.23M | 41.20M | 40.92M | 24.41M | 10.25M |
| EPS (Basic) | 4.23 | 3.60 | 3.06 | 2.31 | 0.60 | 0.88 |
| EPS (Diluted) | 4.21 | 3.59 | 3.05 | 2.30 | 0.60 | 0.88 |
| Free Cash Flow | 157.64M | 182.79M | 142.54M | 129.07M | 48.95M | 6.73M |
| Free Cash Flow Per Share | 4.26 | 4.78 | 3.46 | 3.15 | 2.00 | 0.66 |
| Gross Margin | 23.96% | 23.31% | 24.57% | 26.80% | 16.96% | 21.63% |
| Operating Margin | 11.66% | 11.25% | 11.27% | 16.10% | 7.15% | 9.50% |
| Profit Margin | 10.65% | 10.65% | 10.84% | 13.37% | 3.00% | 2.17% |
| Free Cash Flow Margin | 10.75% | 14.17% | 12.28% | 18.34% | 9.99% | 1.62% |
| EBITDA | 179.63M | 153.40M | 139.34M | 116.19M | 36.41M | 40.13M |
| EBITDA Margin | 12.25% | 11.89% | 12.00% | 16.51% | 7.43% | 9.69% |
| D&A For EBITDA | 8.57M | 8.33M | 8.52M | 2.87M | 1.39M | 775.00K |
| EBIT | 171.05M | 145.07M | 130.81M | 113.31M | 35.02M | 39.35M |
| EBIT Margin | 11.66% | 11.25% | 11.27% | 16.10% | 7.15% | 9.50% |
| Effective Tax Rate | 14.94% | 14.78% | 10.53% | 18.16% | 23.08% | 22.45% |
| Revenue as Reported | 1.47B | 1.29B | 1.16B | 703.83M | 490.07M | 414.20M |
| Advertising Expenses | 7.40M | 6.67M | 3.91M | 1.53M | 1.85M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 334.50M | 379.78M | 259.76M | 183.28M | 143.53M | 63.20M |
| Short-Term Investments | 43.33M | 36.32M | 42.67M | |||
| Cash & Short-Term Investments | 377.83M | 416.10M | 302.43M | 183.28M | 143.53M | 63.20M |
| Accounts Receivable | 91.71M | 65.97M | 57.31M | 58.88M | 27.14M | 18.04M |
| Other Receivables | 11.44M | 6.88M | 9.95M | 4.01M | 3.73M | |
| Receivables | 91.71M | 77.42M | 64.19M | 68.82M | 31.16M | 21.77M |
| Inventory | 218.00M | 188.30M | 172.49M | 132.25M | 78.34M | 81.44M |
| Prepaid Expenses | 41.96M | 4.78M | 4.66M | 3.45M | 1.41M | 3.62M |
| Restricted Cash | 739.00K | 760.00K | 685.00K | 885.00K | 1.54M | 664.00K |
| Other Current Assets | 3.31M | 3.13M | 4.12M | 2.15M | 1.73M | |
| Total Current Assets | 730.24M | 690.66M | 547.59M | 392.81M | 258.12M | 172.42M |
| Property, Plant & Equipment | 494.56M | 463.74M | 481.43M | 423.54M | 157.22M | 11.07M |
| Goodwill | 12.90M | 12.59M | 12.59M | 12.59M | ||
| Other Intangible Assets | 4.62M | 4.98M | 6.20M | 8.37M | ||
| Long-Term Deferred Tax Assets | 15.55M | 12.98M | 10.03M | 1.44M | 75.00K | 72.00K |
| Other Long-Term Assets | 15.85M | 17.52M | 12.64M | 8.17M | 3.18M | 3.21M |
| Total Assets | 1.27B | 1.20B | 1.07B | 846.91M | 418.60M | 186.78M |
| Accounts Payable | 86.13M | 57.55M | 39.04M | 29.75M | 10.47M | 7.39M |
| Accrued Expenses | 124.70M | 67.30M | 50.88M | 49.97M | 26.04M | 21.71M |
| Current Portion of Long-Term Debt | 207.00K | 345.00K | ||||
| Current Portion of Leases | 122.01M | 100.67M | 88.66M | 59.62M | 30.57M | 2.34M |
| Current Income Taxes Payable | 7.67M | 17.51M | 13.62M | 15.21M | 4.14M | 8.15M |
| Current Unearned Revenue | 5.44M | 6.46M | 4.49M | 5.54M | 2.00M | 3.69M |
| Other Current Liabilities | 3.37M | 92.75M | 67.70M | 45.68M | 29.21M | 13.41M |
| Total Current Liabilities | 349.31M | 342.25M | 264.38M | 205.77M | 102.64M | 57.04M |
| Long-Term Debt | 237.00K | |||||
| Long-Term Leases | 384.88M | 369.01M | 395.62M | 343.62M | 117.43M | 2.35M |
| Long-Term Deferred Tax Liabilities | 734.00K | 797.00K | 941.00K | 3.79M | 472.00K | 286.00K |
| Other Long-Term Liabilities | 4.77M | 4.60M | 4.32M | 3.30M | 2.89M | 1.03M |
| Total Liabilities | 739.69M | 716.66M | 665.26M | 556.49M | 223.44M | 60.95M |
| Common Stock | 1.81M | 1.86M | 2.05M | 2.05M | 2.03M | 554.00K |
| Additional Paid-In Capital | 91.45M | 88.67M | 120.26M | 111.74M | 109.05M | 37.44M |
| Retained Earnings | 440.87M | 400.87M | 298.86M | 177.70M | 83.59M | 60.56M |
| Treasury Stock | -7.13M | -11.82M | -1.59M | -231.00K | ||
| Comprehensive Income & Other | -111.00K | 1.53M | -4.14M | 526.00K | 723.00K | -244.00K |
| Total Common Equity | 534.02M | 485.80M | 405.22M | 290.42M | 195.16M | 98.31M |
| Shareholders' Equity | 534.02M | 485.80M | 405.22M | 290.42M | 195.16M | 125.83M |
| Total Liabilities & Equity | 1.27B | 1.20B | 1.07B | 846.91M | 418.60M | 186.78M |
| Total Debt | 506.89M | 469.68M | 484.28M | 403.24M | 148.21M | 5.27M |
| Net Cash (Debt) | -129.06M | -53.59M | -181.84M | -219.95M | -4.68M | 57.93M |
| Net Cash Per Share | -3.49 | -1.40 | -4.41 | -5.37 | -0.19 | 5.65 |
| Filing Date Shares Outstanding | 35.71M | 36.62M | 40.07M | 40.80M | 40.74M | 11.08M |
| Total Common Shares Outstanding | 36.20M | 36.91M | 40.35M | 40.78M | 40.68M | 11.08M |
| Working Capital | 380.93M | 348.41M | 283.21M | 187.03M | 155.48M | 115.38M |
| Book Value Per Share | 14.75 | 13.16 | 10.04 | 7.12 | 4.80 | 8.87 |
| Tangible Book Value | 516.50M | 468.24M | 386.43M | 269.46M | 195.16M | 98.31M |
| Tangible Book Value Per Share | 14.27 | 12.68 | 9.58 | 6.61 | 4.80 | 8.87 |
| Machinery | 47.11M | 39.49M | 19.37M | 5.63M | 5.01M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 156.13M | 137.37M | 125.81M | 94.11M | 23.97M | 29.26M |
| Depreciation & Amortization | 8.57M | 8.33M | 8.52M | 2.87M | 1.39M | 775.00K |
| Stock-Based Compensation | 12.29M | 4.95M | 16.82M | 2.50M | 9.20M | 9.68M |
| Provision & Write-off of Bad Debts | 87.00K | |||||
| Other Operating Activities | 16.89M | 4.12M | 19.52M | 6.08M | 5.11M | 3.63M |
| Change in Accounts Receivable | -15.33M | -5.76M | -234.00K | -5.06M | -9.16M | 5.90M |
| Change in Inventory | -25.33M | -11.52M | -46.88M | -16.51M | 2.79M | -47.15M |
| Change in Accounts Payable | 42.68M | 52.91M | 38.19M | 46.26M | 20.98M | 6.31M |
| Change in Unearned Revenue | -362.00K | 1.78M | -992.00K | 1.47M | -1.69M | 266.00K |
| Change in Income Taxes | 1.10M | 3.71M | -1.02M | 10.98M | -1.53M | 1.31M |
| Change in Other Net Operating Assets | -27.32M | -5.23M | -1.67M | -9.25M | -1.38M | -1.51M |
| Operating Cash Flow | 169.32M | 190.66M | 158.08M | 133.45M | 49.66M | 8.56M |
| Capital Expenditures | -11.69M | -7.87M | -15.54M | -4.38M | -709.00K | -1.82M |
| Sale of Property, Plant & Equipment | 186.00K | 191.00K | 2.10M | 462.00K | ||
| Cash Acquisitions | -15.28M | -1.00M | -86.63M | |||
| Investment in Securities | 16.88M | 3.59M | -41.99M | |||
| Investing Cash Flow | -9.91M | -5.09M | -55.42M | -90.55M | -709.00K | -1.82M |
| Long-Term Debt Repaid | -377.00K | -1.73M | -2.41M | -3.94M | -2.96M | |
| Total Debt Repaid | -499.00K | -377.00K | -1.73M | -2.41M | -3.94M | -2.96M |
| Net Debt Issued (Repaid) | -499.00K | -377.00K | -1.73M | -2.41M | -3.94M | -2.96M |
| Issuance of Common Stock | 35.82M | |||||
| Repurchase of Common Stock | -63.67M | -67.40M | -23.24M | -1.59M | ||
| Financing Cash Flow | -64.17M | -67.78M | -24.97M | -4.00M | 31.89M | -2.96M |
| Foreign Exchange Rate Adjustments | -818.00K | 2.31M | -1.41M | 190.00K | 380.00K | -2.11M |
| Net Cash Flow | 94.43M | 120.10M | 76.28M | 39.09M | 81.21M | 1.67M |
| Free Cash Flow | 157.64M | 182.79M | 142.54M | 129.07M | 48.95M | 6.73M |
| Free Cash Flow Margin | 10.75% | 14.17% | 12.28% | 18.34% | 9.99% | 1.62% |
| Free Cash Flow Per Share | 4.26 | 4.78 | 3.46 | 3.15 | 2.00 | 0.66 |
| Levered Free Cash Flow | 87.66M | 132.41M | 85.34M | 50.41M | 43.54M | 1.57M |
| Unlevered Free Cash Flow | 87.89M | 132.53M | 85.50M | 51.18M | 43.90M | 1.77M |
| Cash Interest Paid | 371.00K | 200.00K | 256.00K | 1.24M | 568.00K | 309.00K |
| Cash Income Tax Paid | 29.52M | 23.46M | 26.30M | 9.51M | 8.54M | 7.02M |
| Change in Working Capital | -24.56M | 35.88M | -12.60M | 27.89M | 10.00M | -34.87M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.08B | 1.45B | 758.80M | 749.53M | 231.50M | |
| Enterprise Value | 2.21B | 1.54B | 1.00B | 700.02M | 241.72M | |
| Last Close Price | 58.38 | 39.28 | 18.52 | 18.30 | 5.69 | |
| PE Ratio | 13.87 | 10.54 | 6.03 | 7.96 | 15.77 | |
| Forward PE | 11.26 | 12.53 | 5.56 | 8.63 | 9.73 | |
| PS Ratio | 1.42 | 1.12 | 0.65 | 1.06 | 0.47 | |
| PB Ratio | 3.96 | 2.98 | 1.87 | 2.58 | 1.19 | |
| P/TBV Ratio | 4.04 | 3.09 | 1.96 | 2.78 | 1.19 | |
| P/FCF Ratio | 13.23 | 7.92 | 5.32 | 5.81 | 4.73 | |
| P/OCF Ratio | 12.31 | 7.60 | 4.80 | 5.62 | 4.66 | |
| EV/Sales Ratio | 1.51 | 1.20 | 0.86 | 0.99 | 0.49 | |
| EV/EBITDA Ratio | 12.32 | 10.07 | 7.20 | 6.03 | 6.64 | |
| EV/EBIT Ratio | 12.94 | 10.65 | 7.67 | 6.18 | 6.90 | |
| EV/FCF Ratio | 14.04 | 8.45 | 7.04 | 5.42 | 4.94 | |
| Debt / Equity Ratio | 0.95 | 0.97 | 1.20 | 1.39 | 0.76 | 0.04 |
| Debt / EBITDA Ratio | 1.68 | 1.76 | 1.99 | 2.57 | 2.24 | 0.13 |
| Debt / FCF Ratio | 3.22 | 2.57 | 3.40 | 3.12 | 3.03 | 0.78 |
| Net Debt / Equity Ratio | 0.24 | 0.11 | 0.45 | 0.76 | 0.02 | -0.46 |
| Net Debt / EBITDA Ratio | 0.72 | 0.35 | 1.30 | 1.89 | 0.13 | -1.44 |
| Net Debt / FCF Ratio | 0.82 | 0.29 | 1.28 | 1.70 | 0.10 | -8.61 |
| Asset Turnover | 1.25 | 1.14 | 1.21 | 1.11 | 1.62 | 2.55 |
| Inventory Turnover | 5.51 | 5.48 | 5.75 | 4.89 | 5.09 | 5.55 |
| Quick Ratio | 1.34 | 1.44 | 1.39 | 1.23 | 1.70 | 1.49 |
| Current Ratio | 2.09 | 2.02 | 2.07 | 1.91 | 2.52 | 3.02 |
| Return on Equity (ROE) | 32.34% | 30.84% | 36.17% | 38.76% | 14.94% | 27.52% |
| Return on Assets (ROA) | 9.07% | 7.98% | 8.53% | 11.19% | 7.23% | 15.13% |
| Return on Invested Capital (ROIC) | 22.63% | 21.95% | 21.33% | 26.11% | 20.12% | 62.82% |
| Return on Capital Employed (ROCE) | 18.50% | 16.90% | 16.20% | 17.70% | 11.10% | 30.30% |
| Earnings Yield | 7.21% | 9.48% | 16.58% | 12.56% | 10.36% | |
| FCF Yield | 7.56% | 12.62% | 18.79% | 17.22% | 21.14% | |
| Buyback Yield / Dilution | 7.92% | 7.20% | -0.68% | -67.63% | -138.21% | -7.92% |