NASDAQ : GRRR
Gorilla Technology Group Inc. — Financial statements
Technology · Software - Infrastructure · United Kingdom
Last price 7.54 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 207.42M
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Financial statements
Gorilla Technology Group Inc. (GRRR) reported revenue of 140.40M 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 | 140.40M | 101.36M | 74.67M | 64.69M | 22.41M | 42.24M |
| Cost of Revenue | 116.12M | 67.48M | 37.37M | 19.98M | 14.07M | 26.47M |
| Gross Profit | 24.27M | 33.88M | 37.31M | 44.72M | 8.34M | 15.77M |
| Selling, General & Admin | 50.55M | 21.45M | 13.50M | 18.12M | 12.84M | 8.39M |
| Research & Development | 4.02M | 3.07M | 2.11M | 3.70M | 14.11M | 15.05M |
| Other Operating Expenses | 3.29M | 878.13K | 59.46M | -6.32M | -1.35M | -21.43K |
| Operating Expenses | 63.00M | 26.26M | 75.97M | 27.66M | 25.60M | 23.83M |
| Operating Income | -38.73M | 7.62M | -38.66M | 17.06M | -17.26M | -8.05M |
| Interest Expense | -1.41M | -543.81K | -732.51K | -818.07K | -835.27K | -666.35K |
| Interest & Investment Income | 3.83M | 3.28M | 1.57M | 770.41K | 235.91K | 37.87K |
| Currency Exchange Gain (Loss) | -12.06M | -21.02M | -27.80M | 78.18K | 1.08M | -105.10K |
| EBT Excluding Unusual Items | -50.46M | -10.67M | -65.63M | 17.09M | -16.78M | -8.79M |
| Merger & Restructuring Charges | -340.00K | -432.77K | ||||
| Gain (Loss) on Sale of Investments | -687.48K | -265.11K | -46.15K | -78.13K | -32.31K | |
| Gain (Loss) on Sale of Assets | -140.03K | 459.00 | ||||
| Other Unusual Items | 36.91K | -70.15M | ||||
| Pretax Income | -51.45M | -10.94M | -66.11M | 17.01M | -87.11M | -8.79M |
| Income Tax Expense | -1.78M | 341.35K | -1.31M | 3.52M | 430.37K | -238.44K |
| Net Income | -49.67M | -11.28M | -64.79M | 13.50M | -87.54M | -8.55M |
| Net Income to Common | -49.67M | -11.28M | -64.79M | 13.50M | -87.54M | -8.55M |
| Shares Outstanding (Basic) | 25.82M | 22.25M | 10.57M | 7.04M | 4.91M | 2.97M |
| Shares Outstanding (Diluted) | 25.82M | 22.25M | 10.57M | 7.56M | 4.91M | 2.97M |
| EPS (Basic) | -1.92 | -0.51 | -6.13 | 1.92 | -17.83 | -2.88 |
| EPS (Diluted) | -1.93 | -0.51 | -6.13 | 1.64 | -17.83 | -2.88 |
| Free Cash Flow | -34.91M | -29.27M | -30.19M | -9.73M | -11.71M | -5.87M |
| Free Cash Flow Per Share | -1.35 | -1.32 | -2.86 | -1.29 | -2.38 | -1.98 |
| Gross Margin | 17.29% | 33.42% | 49.96% | 69.12% | 37.20% | 37.34% |
| Operating Margin | -27.58% | 7.51% | -51.78% | 26.37% | -77.03% | -19.06% |
| Profit Margin | -35.38% | -11.12% | -86.77% | 20.86% | -390.64% | -20.24% |
| Free Cash Flow Margin | -24.87% | -28.88% | -40.43% | -15.03% | -52.25% | -13.90% |
| EBITDA | -37.60M | 8.48M | -37.72M | 18.29M | -11.36M | -1.70M |
| EBITDA Margin | -26.78% | 8.37% | -50.51% | 28.27% | -50.71% | -4.03% |
| D&A For EBITDA | 1.13M | 863.33K | 943.12K | 1.23M | 5.90M | 6.35M |
| EBIT | -38.73M | 7.62M | -38.66M | 17.06M | -17.26M | -8.05M |
| EBIT Margin | -27.58% | 7.51% | -51.78% | 26.37% | -77.03% | -19.06% |
| Effective Tax Rate | 20.67% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 179.36M | 99.53M | 21.70M | 5.31M | 23.00M | 9.94M |
| Short-Term Investments | 6.87M | 9.01M | ||||
| Trading Asset Securities | 501.00K | 501.00K | 1.00K | 995.10K | 1.07M | |
| Cash & Short-Term Investments | 179.86M | 100.03M | 21.70M | 6.30M | 30.94M | 18.95M |
| Accounts Receivable | 145.30M | 111.99M | 59.98M | 35.66M | 14.77M | 36.46M |
| Other Receivables | 1.15M | 390.62K | 432.70K | 107.23K | 648.62K | 19.93K |
| Receivables | 146.46M | 112.39M | 60.41M | 35.77M | 15.42M | 36.48M |
| Inventory | 14.10M | 14.80M | 27.35M | 6.38M | 68.63K | 152.23K |
| Prepaid Expenses | 553.98K | 977.93K | 1.29M | 1.09M | 1.27M | 231.53K |
| Other Current Assets | 3.78M | 5.85M | 15.92M | 28.00M | 61.80K | 5.97K |
| Total Current Assets | 344.75M | 234.05M | 126.67M | 77.54M | 47.75M | 55.82M |
| Property, Plant & Equipment | 30.50M | 16.84M | 15.44M | 15.93M | 16.15M | 34.52M |
| Long-Term Investments | 5.45M | 4.00M | 50.58K | |||
| Other Intangible Assets | 2.26M | 2.43M | 2.93M | 5.87M | 56.34K | 3.42M |
| Long-Term Deferred Tax Assets | 5.20M | 11.94M | 6.94M | 970.20K | 29.91K | 410.20K |
| Other Long-Term Assets | 619.24K | 2.62M | 1.81M | 15.13M | 1.27M | 707.39K |
| Total Assets | 389.88M | 271.88M | 153.80M | 115.44M | 65.26M | 94.93M |
| Accounts Payable | 88.16M | 43.85M | 26.04M | 11.05M | 6.68M | 8.06M |
| Accrued Expenses | 2.98M | 1.78M | 2.37M | 1.97M | 2.71M | 3.11M |
| Short-Term Debt | 9.28M | 9.43M | 15.07M | 24.22M | 13.49M | 22.97M |
| Current Portion of Long-Term Debt | 939.06K | 963.88K | 1.97M | 1.82M | 2.11M | 2.08M |
| Current Portion of Leases | 304.98K | 451.37K | 210.45K | 30.33K | 16.98K | 54.59K |
| Current Income Taxes Payable | 1.38M | 11.59M | 9.03M | 4.64M | ||
| Current Unearned Revenue | 1.52M | 1.31M | 273.23K | 107.60K | 58.48K | 20.19K |
| Other Current Liabilities | 49.36M | 907.34K | 20.35M | 10.49M | 3.20M | 1.71M |
| Total Current Liabilities | 153.93M | 70.28M | 75.31M | 54.32M | 28.26M | 38.00M |
| Long-Term Debt | 63.03M | 3.40M | 4.37M | 6.82M | 8.25M | 10.75M |
| Long-Term Leases | 931.66K | 873.11K | 579.70K | 23.01K | 69.59K | |
| Long-Term Deferred Tax Liabilities | 827.32K | 652.78K | 42.90K | 59.81K | 148.18K | 78.40K |
| Other Long-Term Liabilities | 186.14K | 594.00K | 386.06K | 63.95K | 61.06K | 105.54K |
| Total Liabilities | 219.03M | 75.80M | 80.69M | 61.29M | 36.72M | 49.00M |
| Common Stock | 27.66K | 26.36K | 19.44K | 7.85K | 7.14K | 6.19M |
| Additional Paid-In Capital | 384.67M | 359.07M | 254.59M | 166.17M | 154.73M | 41.30M |
| Retained Earnings | -206.41M | -159.52M | -148.24M | -83.40M | -96.98M | -9.45M |
| Treasury Stock | -5.29M | -2.11M | -33.21M | -29.58M | -29.58M | -30.00K |
| Comprehensive Income & Other | -2.15M | -1.40M | -55.50K | 955.02K | 370.18K | 2.08M |
| Total Common Equity | 170.85M | 196.08M | 73.10M | 54.15M | 28.54M | 40.08M |
| Shareholders' Equity | 170.85M | 196.08M | 73.10M | 54.15M | 28.54M | 45.93M |
| Total Liabilities & Equity | 389.88M | 271.88M | 153.80M | 115.44M | 65.26M | 94.93M |
| Total Debt | 74.48M | 15.12M | 22.21M | 32.91M | 23.87M | 35.92M |
| Net Cash (Debt) | 105.38M | 84.91M | -507.96K | -26.61M | 7.07M | -16.97M |
| Net Cash Per Share | 4.08 | 3.82 | -0.05 | -3.52 | 1.44 | -5.72 |
| Filing Date Shares Outstanding | 27.24M | 27.65M | 18.84M | 8.78M | 6.89M | 619.71K |
| Total Common Shares Outstanding | 27.24M | 26.19M | 18.06M | 7.57M | 6.85M | 619.11K |
| Working Capital | 190.82M | 163.77M | 51.36M | 23.22M | 19.50M | 17.83M |
| Book Value Per Share | 6.27 | 7.49 | 4.05 | 7.16 | 4.16 | 64.74 |
| Tangible Book Value | 167.49M | 193.65M | 70.17M | 48.28M | 28.49M | 36.66M |
| Tangible Book Value Per Share | 6.15 | 7.39 | 3.89 | 6.38 | 4.16 | 59.22 |
| Land | 12.26M | 12.45M | 11.90M | 12.74M | 12.72M | 14.11M |
| Buildings | 3.16M | 3.21M | 3.06M | 3.26M | 3.25M | 3.58M |
| Machinery | 4.16M | 4.77M | 4.16M | 13.47M | 13.78M | 40.70M |
| Leasehold Improvements | 187.96K | 191.11K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -49.67M | -11.28M | -64.79M | 13.50M | -87.54M | -8.55M |
| Depreciation & Amortization | 1.36M | 1.10M | 1.11M | 1.25M | 5.94M | 6.39M |
| Other Amortization | 81.67K | 218.27K | 285.70K | 71.79M | 2.36M | |
| Loss (Gain) From Sale of Assets | -656.00 | 94.00 | 140.03K | -459.00 | ||
| Loss (Gain) From Sale of Investments | 46.15K | 78.13K | 32.31K | |||
| Stock-Based Compensation | 29.72M | 5.04M | 951.48K | 899.35K | 346.12K | 375.94K |
| Provision & Write-off of Bad Debts | 5.14M | 862.63K | 897.17K | 12.15M | 404.21K | |
| Other Operating Activities | 16.15M | 19.60M | 80.22M | -2.69M | -772.77K | -228.94K |
| Change in Accounts Receivable | -83.97M | -76.00M | -42.77M | -32.53M | 4.50M | -1.74M |
| Change in Inventory | 5.36K | 17.92K | 45.51K | 83.60K | -62.45K | |
| Change in Accounts Payable | 59.89M | 17.03M | 14.65M | 3.98M | -1.38M | 1.37M |
| Change in Unearned Revenue | 1.20M | 1.02M | 165.62K | 49.13K | 38.28K | 20.19K |
| Change in Other Net Operating Assets | -423.94K | 13.75M | -20.42M | -6.17M | -1.95M | 1.28M |
| Operating Cash Flow | -20.48M | -28.66M | -29.65M | -9.43M | -8.77M | 1.62M |
| Capital Expenditures | -14.43M | -615.50K | -542.56K | -297.36K | -2.94M | -7.50M |
| Sale of Property, Plant & Equipment | 1.65K | 6.12K | 459.00 | |||
| Sale (Purchase) of Intangibles | -6.66K | -54.99K | -913.31K | -3.52M | -73.09K | -899.00K |
| Investment in Securities | -2.40M | -4.27M | -588.60K | 1.08M | -1.44M | |
| Other Investing Activities | 15.55M | 10.39M | 18.68M | -34.89M | 368.00 | -72.14K |
| Investing Cash Flow | -2.36M | 5.46M | 16.64M | -38.69M | -1.93M | -9.91M |
| Short-Term Debt Issued | 14.73M | 10.26M | 28.05M | 12.49M | 5.00M | |
| Long-Term Debt Issued | 1.56M | 3.45M | 6.15M | |||
| Total Debt Issued | 107.40M | 14.73M | 10.26M | 29.61M | 15.94M | 11.15M |
| Short-Term Debt Repaid | -21.07M | -7.74M | -25.21M | -20.09M | -327.10K | |
| Long-Term Debt Repaid | -2.55M | -4.95M | -3.21M | -4.99M | -4.97M | |
| Lease Payments | -458.92K | -263.08K | -175.65K | -16.34K | -90.55K | -33.86K |
| Total Debt Repaid | -4.52M | -23.62M | -12.69M | -28.42M | -25.08M | -5.29M |
| Net Debt Issued (Repaid) | 102.88M | -8.89M | -2.43M | 1.20M | -9.14M | 5.85M |
| Issuance of Common Stock | 107.58M | 120.11M | 24.38M | 5.25M | 33.04M | 135.52K |
| Repurchase of Common Stock | -4.88M | -3.50M | -3.63M | |||
| Other Financing Activities | -11.21M | -6.52M | -292.42K | |||
| Financing Cash Flow | 194.37M | 101.19M | 27.98M | 29.73M | 23.61M | 5.99M |
| Foreign Exchange Rate Adjustments | -2.27M | -158.41K | 1.43M | 700.45K | 143.91K | 91.11K |
| Net Cash Flow | 169.25M | 77.83M | 16.39M | -17.69M | 13.05M | -2.21M |
| Free Cash Flow | -34.91M | -29.27M | -30.19M | -9.73M | -11.71M | -5.87M |
| Free Cash Flow Margin | -24.87% | -28.88% | -40.43% | -15.03% | -52.25% | -13.90% |
| Free Cash Flow Per Share | -1.35 | -1.32 | -2.86 | -1.29 | -2.38 | -1.98 |
| Levered Free Cash Flow | 41.55M | -17.56M | -27.67M | -30.32M | 83.56M | -2.89M |
| Unlevered Free Cash Flow | 42.43M | -17.22M | -27.21M | -29.81M | 84.08M | -2.47M |
| Free Cash Flow After Leases | -35.37M | -29.54M | -30.37M | -9.74M | -11.80M | -5.91M |
| Cash Interest Paid | 497.18K | 577.34K | 958.12K | 668.54K | 686.84K | 655.67K |
| Cash Income Tax Paid | 2.28M | 2.26M | 65.99K | 22.62K | 2.17K | 1.17K |
| Change in Working Capital | -23.31M | -44.20M | -48.36M | -34.61M | 1.29M | 873.50K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 204.67M | 313.07M | 209.70M | 37.18M | 591.42M | |
| Enterprise Value | 99.29M | 218.85M | 232.82M | 50.33M | 619.22M | |
| Last Close Price | 7.54 | 10.92 | 18.06 | 5.39 | 81.10 | |
| PE Ratio | 2.75 | |||||
| Forward PE | 12.85 | |||||
| PS Ratio | 1.47 | 3.09 | 2.81 | 0.57 | 26.39 | |
| PB Ratio | 1.20 | 1.60 | 2.87 | 0.69 | 20.72 | |
| P/TBV Ratio | 1.23 | 1.62 | 2.99 | 0.77 | 20.76 | |
| EV/Sales Ratio | 0.72 | 2.16 | 3.12 | 0.78 | 27.63 | |
| EV/EBITDA Ratio | 25.81 | 2.75 | ||||
| EV/EBIT Ratio | 28.74 | 2.95 | ||||
| Debt / Equity Ratio | 0.44 | 0.08 | 0.30 | 0.61 | 0.84 | 0.78 |
| Debt / EBITDA Ratio | 1.74 | 1.80 | ||||
| Net Debt / Equity Ratio | -0.62 | -0.43 | 0.01 | 0.49 | -0.25 | 0.37 |
| Net Debt / EBITDA Ratio | 2.80 | -10.02 | -0.01 | 1.46 | 0.62 | -9.97 |
| Net Debt / FCF Ratio | 3.02 | 2.90 | -0.02 | -2.74 | 0.60 | -2.89 |
| Asset Turnover | 0.51 | 0.48 | 0.56 | 0.72 | 0.28 | 0.45 |
| Inventory Turnover | 7.43 | 3.20 | 2.22 | 6.19 | 127.43 | 218.75 |
| Quick Ratio | 2.12 | 3.02 | 1.09 | 0.78 | 1.64 | 1.46 |
| Current Ratio | 2.24 | 3.33 | 1.68 | 1.43 | 1.69 | 1.47 |
| Return on Equity (ROE) | -36.92% | -8.38% | -101.83% | 32.64% | -235.09% | -17.20% |
| Return on Assets (ROA) | -8.76% | 2.24% | -17.95% | 11.80% | -13.47% | -5.38% |
| Return on Invested Capital (ROIC) | -49.27% | 8.24% | -50.09% | 26.48% | -40.92% | -12.79% |
| Return on Capital Employed (ROCE) | -16.40% | 3.80% | -49.30% | 27.90% | -46.60% | -14.10% |
| Earnings Yield | -25.89% | -3.60% | -30.90% | 36.30% | -14.80% | |
| FCF Yield | -16.94% | -9.35% | -14.40% | -26.16% | -1.98% | |
| Buyback Yield / Dilution | -63.34% | -110.59% | -39.79% | -53.99% | -65.35% | -0.31% |