10-K · February 26, 2026
GigaCloud (GCT) reported continued multi-year growth: total revenues of $1,289,897,000 and GMV of $1,576,786,000 in 2025, with operating income of $144,976,000 and diluted EPS of $3.59 (2025). The company emphasizes a…
Earnings analysis · 10-Q
GCT earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
GigaCloud Technology Inc. reported strong Q1 2026 earnings with revenue of $359.5 million, a notable 32.2% increase compared to the same quarter last year, and earnings per share of $1.04, exceeding estimates. However,…
Read full summary
GigaCloud Technology Inc. reported strong Q1 2026 earnings with revenue of $359.5 million, a notable 32.2% increase compared to the same quarter last year, and earnings per share of $1.04, exceeding estimates. However, the company experienced net cash outflows from operating activities, which raised concerns regarding liquidity and future cash flow management.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.04
- Gross margin
- 25.4%
What stood out
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Strong Revenue Growth
Revenue reached $359.5 million, a 32.2% increase year-over-year from $272 million in Q1 2025.
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Earnings Beat
Diluted EPS was reported at $1.04, exceeding the consensus estimate of $0.95.
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Margin Improvement
Gross margin improved to 25.4%, up from 23.4% year-over-year.
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Cash Reserves
Cash reserves remained adequate with sufficient working capital for at least the next 12 months.
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Positive Segment Growth
The increase in inventory purchases indicates expectations of robust sales growth.
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Upcoming Q2 Guidance
Management expects Q2 revenues to be between $365 million and $390 million.
What to watch
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Significant Cash Outflows
Net cash used in operating activities was $21.7 million for Q1 2026, compared to a cash inflow of $9.4 million in Q1 2025.
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Increased Inventory Levels
Management increased inventory purchases which may lead to further cash flow pressures if sales do not materialize.
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Dependence on Market Conditions
Future cash flows depend on demand, competitive conditions, and macroeconomic trends.
Management's outlook
Management expects Q2 revenue to be in the range of $365 million to $390 million.
Earlier filings 4
10-Q · November 6, 2025
GigaCloud (GCT) beat consensus with Q3 revenue of $332,638,000 (vs $303,316,000 a year ago) and GAAP diluted EPS of $0.99. Gross profit was essentially flat at $77,049,000 while operating income was $40,520,000; the…
10-Q · August 7, 2025
GigaCloud reported Q2 revenue of $322,606,000 and GAAP diluted EPS of $0.91 (three months ended June 30, 2025). Gross margin was 23.9% and operating margin 11.1%; operating income was $35,843,000. Operating cash flow…
10-Q · November 7, 2024
GigaCloud reported a strong quarter: revenue of $303,316,000 and diluted EPS of $0.98 for the three months ended September 30, 2024, materially ahead of the comparable 2023 quarter. Revenue and EPS grew sharply…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.