GigaCloud Technology Inc (GCT)
GigaCloud Technology Inc. offers comprehensive business-to-business e-commerce solutions tailored for the sale of large, bulky merchandise. Its digital marketplace acts as a facilitator, linking manufacturers predominantly in Asia with a network of resellers throughout the United States, Asia, and Europe. This platform enables the execution of international transactions for categories including furniture, major home appliances, fitness equipment, and other oversized goods. Established in 2006, the company is headquartered in Suzhou, China. It officially rebranded to GigaCloud Technology Inc. in February 2021, having formerly operated as Oriental Standard Human Resources Holdings Limited.
Sector: Retail-Catalog & Mail-Order Houses
Industry: Software - Infrastructure
GigaCloud Technology Inc.
NASDAQ:GCTTechnology · Software - Infrastructure
+1.99%$59.40
AH Close$59.40+0.00%vs close
AH Close$59.40+0.00%vs close
Mkt Cap$2.12B
Float27.2M
O/S35.71M
Inst Own67.2%
SI10.7%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.29B
Net Income$137.37M
Total Assets$1.2B
Free Cash Flow$182.79M
Debt & Equity
Debt 49%
Equity 51%
Total Debt$469.68M
Total Equity$485.8M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GCT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.2B
Liabilities$716.66M
Accounts Receivable$65.97M
Accounts Payable$105.41M
Inventory$188.3M
PP&E (Net)$463.74M
Goodwill$12.59M
Intangible Assets$4.98M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $1.29B | $1.16B | $703.83M | $490.07M | $414.2M | $275.48M | $122.3M |
| YoY Growth | 11.1% | 65.0% | 43.6% | 18.3% | 50.4% | 125.3% | - |
| Cost of Revenue | $989.23M | $875.81M | $515.2M | $406.96M | $324.6M | $200.36M | $100.1M |
| Gross Profit | $300.67M | $285.24M | $188.63M | $83.11M | $89.6M | $75.12M | $22.19M |
| Gross Margin | 23.3% | 24.6% | 26.8% | 17.0% | 21.6% | 27.3% | 18.1% |
| Research and Development | $10.83M | $9.79M | $3.92M | $1.43M | $0 | $0 | $0 |
| Selling, General, and Administrative | $144.76M | $144.63M | $71.39M | $46.66M | $50.24M | $30.93M | $17.39M |
| Other | $96K | $193K | $3.24M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $155.69M | $154.61M | $78.56M | $48.09M | $50.24M | $30.93M | $17.39M |
| Operating Income (EBIT) | $145.07M | $130.62M | $110.08M | $35.02M | $39.35M | $44.18M | $4.8M |
| Operating Margin | 11.2% | 11.3% | 15.6% | 7.1% | 9.5% | 16.0% | 3.9% |
| Interest Expense | $200K | $256K | $1.24M | $568K | $309K | $46K | $0 |
| Interest Income | $11.73M | $9.4M | $3.3M | $472K | $537K | $58K | $2K |
| Other Income (Expense) | $16.12M | $9.99M | $4.92M | -$3.86M | -$1.63M | $1.09M | $0 |
| Income Before Tax (EBT) | $161.19M | $140.61M | $115M | $31.16M | $37.73M | $45.27M | $4.8M |
| Income Tax Expense | $23.82M | $14.81M | $20.89M | $7.19M | $8.47M | $7.82M | $1.95M |
| Net Income | $137.37M | $125.81M | $94.11M | $23.97M | $29.26M | $37.45M | $2.86M |
| Net Income Margin | 10.6% | 10.8% | 13.4% | 4.9% | 7.1% | 13.6% | 2.3% |
| Supplementary Data | |||||||
| EPS | 3.60 | 3.06 | 2.31 | 0.60 | 0.69 | 3.94 | 0.30 |
| Diluted EPS | 3.59 | 3.05 | 2.30 | 0.60 | 0.69 | 3.94 | 0.30 |
| Weighted Average OS | 38.16M | 41.08M | 40.79M | 40.24M | 39.75M | 9.50M | 9.50M |
| EBITDA | $169.72M | $149.39M | $119.11M | $33.12M | $38.81M | $45.55M | $4.93M |
| EBITDA Margin | 13.2% | 12.9% | 16.9% | 6.8% | 9.4% | 16.5% | 4.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $379.78M | $259.76M | $183.28M | $143.53M | $63.2M | $61.54M | $5.3M |
| Short-Term Investments | $36.32M | $42.67M | $0 | $0 | $0 | $0 | $1.38M |
| Cash and Short-Term Investments | $416.86M | $302.43M | $183.28M | $143.53M | $63.2M | $61.54M | $6.68M |
| Accounts Receivable | $65.97M | $65.35M | $70.85M | $32.22M | $23.17M | $24.02M | $13.91M |
| Inventory | $188.3M | $172.49M | $132.25M | $78.34M | $81.44M | $35.58M | $21.76M |
| Other Current Assets | $19.54M | $2.47M | $2.7M | $2.6M | $962K | $8.81M | $2.87M |
| Total Current Assets | $690.66M | $547.59M | $392.81M | $258.12M | $172.42M | $132.37M | $46.56M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $463.74M | $481.43M | $423.54M | $157.22M | $11.07M | $5.94M | $2.4M |
| Goodwill | $12.59M | $12.59M | $12.59M | $0 | $0 | $0 | $0 |
| Intangible Assets | $4.98M | $6.2M | $8.37M | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $12.98M | $10.03M | $1.44M | $75K | $72K | $0 | $0 |
| Other Long-Term Assets | $17.52M | $12.64M | $8.17M | $3.18M | $3.21M | $33K | $535K |
| Total Long-Term Assets | $511.8M | $522.88M | $454.1M | $160.48M | $14.36M | $5.97M | $2.94M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.2B | $1.07B | $846.91M | $418.6M | $186.78M | $138.34M | $49.5M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $105.41M | $78.16M | $69.76M | $31.57M | $25.14M | $11.46M | $10.47M |
| Short-Term Debt | $0 | $0 | $0 | $207K | $345K | $392K | $89K |
| Current Income Tax Payable | $17.51M | $16.59M | $15.21M | $4.14M | $8.15M | $0 | $0 |
| Current Unearned Revenue | $6.46M | $4.49M | $5.54M | $2M | $3.69M | $0 | $0 |
| Other Current Liabilities | $71.39M | $48.34M | $33.58M | $21.72M | $11.08M | $24.68M | $6.08M |
| Total Current Liabilities | $342.25M | $264.38M | $205.77M | $102.64M | $57.04M | $48.91M | $22.38M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $237K | $711K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $797K | $941K | $3.79M | $472K | $286K | $0 | $0 |
| Other Long-Term Liabilities | $4.6M | $4.32M | $3.3M | $2.89M | $1.03M | $116K | $0 |
| Total Long-Term Liabilities | $374.41M | $400.88M | $350.72M | $120.8M | $3.9M | $2.67M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $716.66M | $665.26M | $556.49M | $223.44M | $60.95M | $51.57M | $22.38M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $27.52M | $26.02M | $872K |
| Common Stock | $1.86M | $2.05M | $2.05M | $2.03M | $554K | $475K | $475K |
| Retained Earnings | $400.87M | $298.86M | $177.7M | $83.59M | $60.56M | $32.8M | -$6.03M |
| Comprehensive Income & Other | $1.53M | -$4.14M | -$1.07M | $804K | -$165K | -$288K | $76K |
| Other Stockholders' Equity | $83.08M | $104.31M | $110.67M | $109.54M | $64.72M | $53.49M | $32.67M |
| Total Equity | $485.8M | $405.22M | $290.42M | $195.16M | $125.83M | $86.77M | $27.11M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.2B | $1.07B | $846.91M | $418.6M | $186.78M | $138.34M | $49.5M |
| Supplementary Data | |||||||
| Total Debt | $469.68M | $484.28M | $403.24M | $148.21M | $5.27M | $4.03M | $89K |
| Net Debt | $89.9M | $224.52M | $219.95M | $4.68M | -$57.93M | -$57.51M | -$5.21M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $137.37M | $125.81M | $94.11M | $23.97M | $29.26M | $37.45M | $2.86M |
| Depreciation & Amortization | $8.33M | $8.52M | $2.87M | $1.39M | $775K | $227K | $128K |
| Deferred Income Tax | -$3.01M | $0 | $398K | $183K | $131K | $618K | -$221K |
| Stock-Based Compensation | $4.95M | $16.82M | $2.5M | $9.2M | $9.68M | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$5.76M | -$234K | -$5.06M | -$9.16M | $5.9M | -$10.12M | -$6.65M |
| Inventory | -$11.52M | -$46.88M | -$16.51M | $2.79M | -$47.15M | -$13.86M | -$6.87M |
| Accounts Payable | $52.91M | $38.19M | $26.02M | $6.62M | $6.31M | $4.14M | $9.28M |
| Other Working Capital | $2.05M | -$13.44M | $23.43M | $5.74M | $72K | $15.74M | $2.27M |
| Total Working Capital Change | $37.67M | -$22.36M | $27.89M | $5.99M | -$34.87M | -$4.1M | -$1.97M |
| Other Non-Cash Items | $5.34M | $29.28M | $5.68M | $8.93M | $3.58M | -$920K | $365K |
| Net Cash from Operating | $190.66M | $158.08M | $133.45M | $49.66M | $8.56M | $33.28M | $1.16M |
| Investing Activities | |||||||
| Capital Expenditures | -$7.87M | -$15.54M | -$4.38M | -$709K | -$1.82M | -$654K | -$944K |
| Acquisitions | $0 | $2.1M | -$86.63M | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$94.69M | -$73.83M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $98.29M | $31.84M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$809K | $0 | $462K | $0 | $0 | $7K | $0 |
| Net Cash from Investing | -$5.09M | -$55.42M | -$90.55M | -$709K | -$1.82M | -$647K | -$944K |
| Financing Activities | |||||||
| Debt Repaid | $377K | $1.73M | $2.41M | $3.94M | $2.96M | -$707K | -$89K |
| Common Stock Issuance | $0 | $0 | $0 | $34.24M | $0 | $0 | $0 |
| Common Stock Repurchases | -$67.4M | -$23.24M | -$1.59M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $1.58M | $0 | -$2.44M | $0 |
| Net Cash from Financing | -$67.78M | -$24.97M | -$4M | $31.89M | -$2.96M | $23.27M | $89K |
| Forex Effect | $2.31M | -$1.41M | $190K | $380K | -$2.11M | $735K | $139K |
| Net Change in Cash | $120.1M | $76.28M | $39.09M | $81.21M | $1.67M | $56.64M | $441K |
| Supplementary Data | |||||||
| Operating Cash Flow | $190.66M | $158.08M | $133.45M | $49.66M | $8.56M | $33.28M | $1.16M |
| Capital Expenditure | -$7.87M | -$15.54M | -$4.38M | -$709K | -$1.82M | -$654K | -$944K |
| Free Cash Flow | $182.79M | $142.54M | $129.07M | $48.95M | $6.73M | $32.63M | $213K |
| Cash at Beginning | $260.44M | $184.17M | $145.08M | $63.86M | $62.2M | $5.55M | $5.11M |
| Cash at End | $380.54M | $260.44M | $184.17M | $145.08M | $63.86M | $62.2M | $5.55M |