GigaCloud Technology (GCT) financial statements
GigaCloud Technology reported revenue of $1.3B in fiscal 2025, up 36.2% a year over 5 years.
Net income was $137M and the operating margin 11.2%, against 16.0% in 2020.
Free cash flow was $183M.
The diluted share count rose 303% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from GigaCloud Technology's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $275M | $414M | $490M | $704M | $1.2B | $1.3B |
| Cost of revenue | — | $325M | $407M | $515M | $876M | $989M |
| Gross profit | $75M | $90M | $83M | $189M | $285M | $301M |
| Research and development | $0 | $0 | $1M | $4M | $10M | $11M |
| Selling, general and admin | $31M | $50M | $47M | $71M | $145M | $145M |
| Operating income | $44M | $39M | $35M | $110M | $131M | $145M |
| Interest expense | $46,000 | $309,000 | $568,000 | $1M | $256,000 | $200,000 |
| Pre-tax income | $45M | $38M | $31M | $115M | $141M | $161M |
| Income tax | $8M | $8M | $7M | $21M | $15M | $24M |
| Net income | $37M | $29M | $24M | $94M | $126M | $137M |
| EPS (diluted) | $1.36 | $0.88 | $0.60 | $2.30 | $3.05 | $3.59 |
| Diluted shares | 9M | 10M | 24M | 41M | 41M | 38M |
| Gross margin | 27.3% | 21.6% | 17.0% | 26.8% | 24.6% | 23.3% |
| Operating margin | 16.0% | 9.5% | 7.1% | 15.6% | 11.3% | 11.2% |
| Net margin | 13.6% | 7.1% | 4.9% | 13.4% | 10.8% | 10.6% |
Balance sheet
Fiscal years, from GigaCloud Technology's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $62M | $63M | $144M | $183M | $302M | $416M |
| Receivables | — | $18M | $27M | $59M | $57M | $66M |
| Inventory | — | $81M | $78M | $132M | $172M | $188M |
| Total current assets | — | $172M | $258M | $393M | $548M | $691M |
| Property, plant and equipment | — | $11M | $13M | $25M | $29M | $32M |
| Goodwill | — | — | $0 | $13M | $13M | $13M |
| Total assets | — | $187M | $419M | $847M | $1.1B | $1.2B |
| Total current liabilities | — | $57M | $103M | $206M | $264M | $342M |
| Long-term debt | — | $237,000 | $0 | $0 | — | — |
| Total liabilities | — | $61M | $223M | $556M | $665M | $717M |
| Shareholders' equity | $62M | $99M | $195M | $290M | $405M | $486M |
| Net debt | -$62M | -$63M | -$143M | -$183M | -$260M | -$380M |
Cash flow
Fiscal years, from GigaCloud Technology's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | $33M | $9M | $50M | $133M | $158M | $191M |
| Capital spending | $654,000 | $2M | $709,000 | $4M | $16M | $8M |
| Free cash flow | $33M | $7M | $49M | $129M | $143M | $183M |
| Stock-based compensation | $0 | $10M | $9M | $3M | $17M | $5M |
| Free cash flow margin | 11.8% | 1.6% | 10.0% | 18.3% | 12.3% | 14.2% |
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Open GCT in InvestinglyQuestions
What was GigaCloud Technology's revenue in 2025?
$1.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does GigaCloud Technology generate?
$183M in fiscal 2025 (operating cash flow minus capital spending).
From GigaCloud Technology's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.