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GigaCloud Technology (GCT) Financials

GigaCloud Technology logo
$51.87 -1.36 (-2.55%)
Closing price 08/14/2026 04:00 PM Eastern
Extended Trading
$51.84 -0.03 (-0.06%)
As of 08/14/2026 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for GigaCloud Technology

Annual Income Statements for GigaCloud Technology

This table shows GigaCloud Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 37 28 23 94 125 137
Consolidated Net Income / (Loss)		 37 29 24 94 126 137
Net Income / (Loss) Continuing Operations		 37 29 24 94 126 137
Total Pre-Tax Income 		45 38 31 115 141 161
Total Operating Income		 44 39 35 110 131 145
Total Gross Profit		 75 90 83 189 285 301
Total Revenue		 275 414 490 704 1,161 1,290
Operating Revenue		 275 414 490 704 1,161 1,290
Total Cost of Revenue		 200 325 407 515 876 989
Operating Cost of Revenue		 200 325 407 515 876 989
Total Operating Expenses		 31 50 48 79 155 156
Selling, General & Admin Expense		 8.72 25 23 30 74 47
Marketing Expense		 22 26 24 41 71 98
Research & Development Expense		 0.00 0.00 1.43 3.93 9.79 11
Other Special Charges / (Income)		 - 0.00 0.00 3.24 0.19 0.10
Total Other Income / (Expense), net		 1.09 -1.63 -3.86 4.92 9.99 16
Interest Expense		 0.05 0.31 0.57 1.24 0.26 0.20
Interest & Investment Income		 0.06 0.54 0.47 3.30 9.41 12
Other Income / (Expense), net		 1.08 -1.86 -3.76 2.85 0.84 4.69
Income Tax Expense		 7.82 8.47 7.19 21 15 24
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)		 - - 0.00 0.00 0.84 0.00
Basic Earnings per Share		 $1.36 $0.88 $0.60 $2.31 $3.06 $3.60
Weighted Average Basic Shares Outstanding		 9.50M 10.25M 24.41M 40.79M 41.08M 38.16M
Diluted Earnings per Share		 $1.36 $0.88 $0.60 $2.30 $3.05 $3.59
Weighted Average Diluted Shares Outstanding		 9.50M 10.25M 24.41M 40.92M 41.20M 38.23M
Weighted Average Basic & Diluted Shares Outstanding		 - - 40.68M 81.59M 80.13M 73.24M

Quarterly Income Statements for GigaCloud Technology

This table shows GigaCloud Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 36 27 27 41 31 27 35 37 38 38 42
Consolidated Net Income / (Loss)		 36 27 27 41 31 27 35 37 38 38 42
Net Income / (Loss) Continuing Operations		 36 27 27 41 31 27 35 37 38 38 42
Total Pre-Tax Income 		43 33 29 48 30 33 41 44 44 46 50
Total Operating Income		 37 35 27 41 28 28 36 41 40 42 48
Total Gross Profit		 70 67 76 77 65 64 77 77 83 86 106
Total Revenue		 245 251 311 303 296 272 323 333 363 359 412
Operating Revenue		 245 251 311 303 296 272 323 333 363 359 412
Total Cost of Revenue		 175 185 234 226 231 208 246 256 280 274 306
Operating Cost of Revenue		 175 185 234 226 231 208 246 256 280 274 306
Total Operating Expenses		 33 32 49 37 37 35 41 37 43 43 58
Selling, General & Admin Expense		 13 15 26 15 17 14 13 8.51 11 9.76 19
Marketing Expense		 14 15 19 19 18 19 25 25 29 31 36
Research & Development Expense		 2.34 1.76 3.10 2.58 2.36 2.49 3.18 2.53 2.62 2.36 2.69
Other Special Charges / (Income)		 3.24 0.01 0.16 0.05 -0.02 0.01 0.11 0.01 -0.03 0.01 0.01
Total Other Income / (Expense), net		 5.73 -1.50 1.59 7.15 2.75 4.18 5.11 3.09 3.83 3.44 2.16
Interest Expense		 0.11 0.08 0.06 0.09 0.03 0.02 0.03 0.07 0.07 0.12 0.11
Interest & Investment Income		 1.29 1.61 2.24 2.70 2.85 2.62 2.81 3.12 3.17 2.98 3.06
Other Income / (Expense), net		 4.54 -3.03 -0.60 4.54 -0.07 1.58 2.33 0.04 0.73 0.57 -0.79
Income Tax Expense		 7.27 6.13 2.07 7.19 -0.57 5.36 6.40 6.86 5.20 7.79 7.57
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)		 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.03 0.02
Basic Earnings per Share		 $0.88 $0.67 $0.65 $0.98 $0.76 $0.68 $0.91 $0.99 $1.02 $1.04 $1.16
Weighted Average Basic Shares Outstanding		 40.79M 40.79M 41.30M 41.36M 41.08M 40.02M 38.07M 37.54M 38.16M 36.68M 36.53M
Diluted Earnings per Share		 $0.87 $0.66 $0.65 $0.98 $0.76 $0.68 $0.91 $0.99 $1.01 $1.04 $1.16
Weighted Average Diluted Shares Outstanding		 40.92M 40.95M 41.41M 41.40M 41.20M 40.14M 38.11M 37.61M 38.23M 36.77M 36.55M
Weighted Average Basic & Diluted Shares Outstanding		 81.59M 81.98M 82.73M 81.94M 80.13M 76.14M 75.33M 74.11M 73.24M 36.79M 71.42M

Annual Cash Flow Statements for GigaCloud Technology

This table details how cash moves in and out of GigaCloud Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 57 1.67 81 39 76 120
Net Cash From Operating Activities		 33 8.56 50 133 158 191
Net Cash From Continuing Operating Activities		 33 8.56 50 133 158 191
Net Income / (Loss) Continuing Operations		 37 29 24 94 126 137
Consolidated Net Income / (Loss)		 37 29 24 94 126 137
Depreciation Expense		 0.23 0.78 1.39 2.87 8.52 8.33
Non-Cash Adjustments To Reconcile Net Income		 -0.92 13 9.90 2.50 17 12
Changes in Operating Assets and Liabilities, net		 -3.48 -35 14 31 -22 33
Net Cash From Investing Activities		 -0.65 -1.83 -0.71 -91 -55 -5.09
Net Cash From Continuing Investing Activities		 -0.65 -1.83 -0.71 -91 -55 -5.09
Purchase of Property, Plant & Equipment		 -0.65 -1.83 -0.71 -4.38 -16 -7.87
Acquisitions		 - 0.00 0.00 -87 0.00 0.00
Purchase of Investments		 - - 0.00 0.00 -74 -95
Sale of Property, Plant & Equipment		 0.01 0.00 0.00 0.46 2.10 0.19
Sale and/or Maturity of Investments		 - - 0.00 0.00 32 98
Other Investing Activities, net		 - - - - - -1.00
Net Cash From Financing Activities		 23 -2.96 32 -4.00 -25 -68
Net Cash From Continuing Financing Activities		 23 -2.96 32 -4.00 -25 -68
Repayment of Debt		 -0.19 -0.43 -3.94 -0.20 0.00 -0.38
Repurchase of Common Equity		 -2.44 0.00 0.00 -1.59 -23 -67
Effect of Exchange Rate Changes		 0.74 -2.11 0.38 0.19 -1.41 2.31
Cash Interest Paid		 0.05 0.31 0.57 - - 0.20
Cash Income Taxes Paid		 1.66 7.02 8.54 9.51 26 23

Quarterly Cash Flow Statements for GigaCloud Technology

This table details how cash moves in and out of GigaCloud Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -31 1.94 0.42 32 42 -8.04 -12 95 45 -50 4.20
Net Cash From Operating Activities		 51 15 19 55 68 9.43 39 78 64 -22 48
Net Cash From Continuing Operating Activities		 51 15 19 55 69 9.43 39 78 64 -22 48
Net Income / (Loss) Continuing Operations		 36 27 27 41 31 27 35 37 38 38 42
Consolidated Net Income / (Loss)		 36 27 27 41 31 27 35 37 38 38 42
Depreciation Expense		 1.72 2.08 2.06 2.11 2.27 2.05 2.14 2.12 2.03 2.23 2.21
Amortization Expense		 - 8.81 10 6.18 - 1.13 1.90 0.56 - 0.99 11
Non-Cash Adjustments To Reconcile Net Income		 1.69 0.28 17 -8.72 37 1.23 3.03 0.35 7.46 0.35 11
Changes in Operating Assets and Liabilities, net		 13 -23 -37 15 24 -22 -3.01 38 20 -63 -18
Net Cash From Investing Activities		 -81 -12 -18 -24 -1.38 4.63 -29 28 -8.65 -15 -14
Net Cash From Continuing Investing Activities		 -81 -12 -18 -24 -1.38 4.63 -29 28 -8.65 -15 -14
Purchase of Property, Plant & Equipment		 -3.56 -3.99 -6.20 -3.84 -1.50 -2.40 -1.58 -1.19 -2.71 -4.47 -3.32
Acquisitions		 - - - - - 0.00 - - - -13 -0.96
Purchase of Investments		 8.50 -10 -12 -32 -20 -25 -42 -17 -10 -25 -18
Sale of Property, Plant & Equipment		 0.46 1.53 0.11 0.06 0.40 0.03 0.08 0.02 0.06 0.02 0.08
Sale and/or Maturity of Investments		 - 0.00 - - 20 32 15 46 5.00 28 8.00
Net Cash From Financing Activities		 -0.57 -0.60 -0.55 -0.44 -23 -23 -23 -11 -10 -12 -30
Net Cash From Continuing Financing Activities		 -0.57 -0.60 -0.55 -0.44 -23 -23 -23 -11 -10 -12 -30
Repurchase of Common Equity		 - 0.00 - - -23 -23 - - - -12 -30
Other Financing Activities, net		 -0.56 -0.60 -0.55 -0.44 1.59 -0.03 -0.14 -0.11 - -0.15 -0.15
Effect of Exchange Rate Changes		 0.34 -0.31 -0.20 0.64 -1.54 0.67 2.04 0.20 -0.61 -0.55 0.13
Cash Interest Paid		 0.11 0.08 0.06 0.09 0.03 0.02 0.03 - - 0.12 0.11
Cash Income Taxes Paid		 1.41 1.60 15 2.33 7.41 0.55 19 2.22 1.40 1.20 25

Annual Balance Sheets for GigaCloud Technology

This table presents GigaCloud Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 187 419 847 1,070 1,202
Total Current Assets		 172 258 393 548 691
Cash & Equivalents		 63 144 183 260 380
Restricted Cash		 0.66 1.55 0.89 0.69 0.76
Short-Term Investments		 - - 0.00 43 36
Accounts Receivable		 18 27 59 57 66
Inventories, net		 81 78 132 172 188
Prepaid Expenses		 9.08 7.57 18 15 20
Plant, Property, & Equipment, net		 11 13 25 29 32
Total Noncurrent Assets		 3.28 147 429 493 480
Goodwill		 - 0.00 13 13 13
Intangible Assets		 - 0.00 8.37 6.20 4.98
Noncurrent Deferred & Refundable Income Taxes		 0.07 0.08 1.44 10 13
Other Noncurrent Operating Assets		 3.21 147 407 465 449
Total Liabilities & Shareholders' Equity		 187 419 847 1,070 1,202
Total Liabilities		 61 223 556 665 717
Total Current Liabilities		 57 103 206 264 342
Short-Term Debt		 0.35 0.21 - - 0.00
Accounts Payable		 25 32 70 78 105
Accrued Expenses		 20 37 57 80 113
Current Deferred Revenue		 3.69 2.00 5.54 4.49 6.46
Current Deferred & Payable Income Tax Liabilities		 8.15 4.14 15 14 18
Other Current Liabilities		 0.00 28 58 89 100
Total Noncurrent Liabilities		 3.90 121 351 401 374
Noncurrent Deferred Revenue		 1.03 2.89 3.30 4.32 4.60
Noncurrent Deferred & Payable Income Tax Liabilities		 0.29 0.47 3.80 0.94 0.80
Other Noncurrent Operating Liabilities		 0.00 117 344 396 369
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 99 195 290 405 486
Total Preferred & Common Equity		 99 195 290 405 486
Total Common Equity		 98 195 290 405 486
Common Stock		 38 111 114 122 91
Retained Earnings		 61 84 178 299 401
Treasury Stock		 0.00 -0.23 -1.59 -12 -7.13
Accumulated Other Comprehensive Income / (Loss)		 -0.17 0.80 0.53 -4.14 1.53

Quarterly Balance Sheets for GigaCloud Technology

This table presents GigaCloud Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 978 1,055 1,073 1,091 1,083 1,124 1,230 1,274
Total Current Assets		 461 493 528 579 577 622 709 730
Cash & Equivalents		 185 186 218 252 240 335 330 334
Restricted Cash		 0.89 0.91 0.75 0.70 0.69 0.70 0.77 0.74
Short-Term Investments		 10 22 42 35 63 31 33 43
Accounts Receivable		 59 70 63 67 69 60 84 92
Inventories, net		 186 198 183 205 187 176 240 218
Prepaid Expenses		 19 17 21 20 17 19 21 42
Plant, Property, & Equipment, net		 23 23 29 33 34 33 37 38
Total Noncurrent Assets		 494 539 517 479 472 469 484 506
Goodwill		 13 13 13 13 13 13 13 13
Intangible Assets		 7.82 7.28 6.74 5.89 5.59 5.28 4.94 4.62
Noncurrent Deferred & Refundable Income Taxes		 3.36 7.85 8.33 11 11 11 14 16
Other Noncurrent Operating Assets		 470 511 489 449 442 440 452 473
Total Liabilities & Shareholders' Equity		 978 1,055 1,073 1,091 1,083 1,124 1,230 1,274
Total Liabilities		 660 697 673 678 651 667 720 740
Total Current Liabilities		 252 249 247 292 274 300 343 349
Short-Term Debt		 - - - - - - - 3.37
Accounts Payable		 87 80 67 88 74 79 99 86
Accrued Expenses		 67 72 70 88 91 103 108 125
Current Deferred Revenue		 7.55 6.50 5.33 5.67 5.98 5.23 5.89 5.44
Current Deferred & Payable Income Tax Liabilities		 21 14 21 20 6.79 12 24 7.67
Other Current Liabilities		 69 76 85 91 96 100 107 121
Total Noncurrent Liabilities		 408 448 426 386 377 367 377 390
Noncurrent Deferred Revenue		 3.36 3.47 3.53 4.49 4.67 4.65 4.69 4.77
Noncurrent Deferred & Payable Income Tax Liabilities		 3.68 3.34 2.71 0.76 0.69 0.73 0.73 0.73
Other Noncurrent Operating Liabilities		 401 441 419 381 372 362 368 385
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 318 358 400 413 431 457 510 534
Total Preferred & Common Equity		 318 358 400 413 431 457 510 534
Total Common Equity		 318 358 400 413 430 457 510 534
Common Stock		 114 128 129 124 95 97 89 93
Retained Earnings		 205 232 273 326 340 378 434 441
Treasury Stock		 -1.59 -1.59 -1.59 -35 -7.30 -19 -12 0.00
Accumulated Other Comprehensive Income / (Loss)		 0.41 0.15 -0.01 -2.10 2.17 1.86 -0.18 -0.11

Annual Metrics And Ratios for GigaCloud Technology

This table displays calculated financial ratios and metrics derived from GigaCloud Technology's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% 50.36% 18.32% 43.62% 64.96% 11.10%
EBITDA Growth		 0.00% -15.87% -14.70% 254.73% 20.88% -6.66%
EBIT Growth		 0.00% -17.16% -16.63% 261.26% 16.41% 13.84%
NOPAT Growth		 0.00% -16.50% -11.73% 234.38% 29.73% 5.72%
Net Income Growth		 0.00% -21.89% -18.06% 292.57% 33.68% 9.19%
EPS Growth		 0.00% -35.29% -31.82% 283.33% 32.61% 17.70%
Operating Cash Flow Growth		 0.00% -74.29% 480.36% 168.75% 18.45% 20.61%
Free Cash Flow Firm Growth		 0.00% 0.00% 218.32% -14.23% 246.10% 29.38%
Invested Capital Growth		 0.00% 0.00% -21.16% 107.88% -3.65% -32.47%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 4.60% 5.48%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -22.18% 9.12%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -9.68% 9.88%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -2.10% 6.35%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -3.54% 5.81%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -3.48% 7.49%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 12.60% -2.08%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -5.20%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -26.74% -24.03%
Profitability Metrics		 - - - - - -
Gross Margin		 27.27% 21.63% 16.96% 26.80% 24.57% 23.31%
EBITDA Margin		 16.51% 9.24% 6.66% 16.45% 12.06% 12.25%
Operating Margin		 16.04% 9.50% 7.15% 15.64% 11.25% 11.24%
EBIT Margin		 16.43% 9.05% 6.38% 16.05% 11.32% 11.60%
Profit (Net Income) Margin		 13.60% 7.06% 4.89% 13.37% 10.84% 10.65%
Tax Burden Percent		 82.73% 77.55% 76.92% 81.84% 89.47% 85.22%
Interest Burden Percent		 100.03% 100.61% 99.69% 101.83% 106.96% 107.70%
Effective Tax Rate		 17.27% 22.45% 23.08% 18.16% 10.53% 14.78%
Return on Invested Capital (ROIC)		 0.00% 94.06% 46.43% 114.38% 111.92% 144.47%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 98.20% 49.32% 111.92% 108.25% 140.63%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -47.55% -31.49% -75.62% -75.75% -113.64%
Return on Equity (ROE)		 0.00% 46.50% 14.94% 38.76% 36.17% 30.83%
Cash Return on Invested Capital (CROIC)		 0.00% -105.94% 70.09% 44.30% 115.64% 183.24%
Operating Return on Assets (OROA)		 0.00% 20.08% 10.33% 17.85% 13.71% 13.17%
Return on Assets (ROA)		 0.00% 15.66% 7.92% 14.87% 13.12% 12.09%
Return on Common Equity (ROCE)		 0.00% 36.33% 13.66% 38.76% 36.17% 30.83%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 29.50% 12.28% 32.40% 31.05% 0.00%
Net Operating Profit after Tax (NOPAT)		 37 31 27 90 117 124
NOPAT Margin		 13.27% 7.37% 5.50% 12.80% 10.07% 9.58%
Net Nonoperating Expense Percent (NNEP)		 0.00% -4.14% -2.90% 2.45% 3.67% 3.84%
Return On Investment Capital (ROIC_SIMPLE)		 - - 13.73% 31.01% 28.81% 25.43%
Cost of Revenue to Revenue		 72.73% 78.37% 83.04% 73.20% 75.43% 76.69%
SG&A Expenses to Revenue		 3.16% 5.92% 4.62% 4.26% 6.37% 3.61%
R&D to Revenue		 0.00% 0.00% 0.29% 0.56% 0.84% 0.84%
Operating Expenses to Revenue		 11.23% 12.13% 9.81% 11.16% 13.32% 12.07%
Earnings before Interest and Taxes (EBIT)		 45 37 31 113 131 150
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 45 38 33 116 140 158
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 0.37 0.09 2.56 3.75 5.99
Price to Tangible Book Value (P/TBV)		 0.00 0.37 0.09 2.76 3.93 6.22
Price to Revenue (P/Rev)		 0.13 0.09 0.03 1.06 1.31 2.26
Price to Earnings (P/E)		 0.97 1.30 0.73 7.91 12.06 21.19
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 103.58% 77.07% 137.67% 12.64% 8.29% 4.72%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.04 0.00 5.27 11.85 36.18
Enterprise Value to Revenue (EV/Rev)		 0.00 0.01 0.00 0.80 1.05 1.93
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.07 0.00 4.84 8.68 15.79
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.07 0.00 4.96 9.24 16.67
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.09 0.00 6.22 10.40 20.19
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.30 0.00 4.20 7.69 13.08
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 16.06 10.06 15.92
Leverage & Solvency		 - - - - - -
Debt to Equity		 0.00 0.02 0.01 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.02 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 -0.48 -0.64 -0.68 -0.70 -0.81
Leverage Ratio		 0.00 1.48 1.89 2.61 2.76 2.55
Compound Leverage Factor		 0.00 1.49 1.88 2.65 2.95 2.75
Debt to Total Capital		 0.00% 2.27% 0.55% 0.04% 0.09% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.27% 0.11% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 2.01% 0.44% 0.04% 0.09% 0.00%
Preferred Equity to Total Capital		 0.00% 0.68% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 20.70% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 76.35% 99.45% 99.96% 99.91% 100.00%
Debt to EBITDA		 0.00 0.08 0.03 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 -1.59 -4.41 -1.59 -2.16 0.00
Long-Term Debt to EBITDA		 0.00 0.07 0.03 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.10 0.04 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 -2.00 -5.35 -2.04 -2.59 0.00
Long-Term Debt to NOPAT		 0.00 0.08 0.03 0.00 0.00 0.00
Altman Z-Score		 0.00 4.43 2.19 2.63 3.57 4.74
Noncontrolling Interest Sharing Ratio		 0.00% 21.87% 8.57% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - -
Current Ratio		 0.00 3.02 2.51 1.91 2.07 2.02
Quick Ratio		 0.00 1.42 1.66 1.18 1.36 1.41
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -34 41 35 121 157
Operating Cash Flow to CapEx		 5,144.36% 468.82% 7,003.67% 3,406.13% 1,176.79% 2,481.91%
Free Cash Flow to Firm to Interest Expense		 0.00 -111.25 71.61 28.14 471.66 783.55
Operating Cash Flow to Interest Expense		 723.57 27.69 87.42 107.62 617.49 953.30
Operating Cash Flow Less CapEx to Interest Expense		 709.50 21.78 86.17 104.46 565.02 914.89
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.00 2.22 1.62 1.11 1.21 1.14
Accounts Receivable Turnover		 0.00 22.97 21.70 16.36 19.99 20.93
Inventory Turnover		 0.00 3.99 5.09 4.89 5.75 5.48
Fixed Asset Turnover		 0.00 37.40 40.62 37.37 42.91 41.76
Accounts Payable Turnover		 0.00 12.91 14.35 10.17 11.84 10.78
Days Sales Outstanding (DSO)		 0.00 15.89 16.82 22.30 18.26 17.44
Days Inventory Outstanding (DIO)		 0.00 91.58 71.65 74.60 63.50 66.56
Days Payable Outstanding (DPO)		 0.00 28.27 25.43 35.89 30.82 33.87
Cash Conversion Cycle (CCC)		 0.00 79.20 63.04 61.01 50.94 50.14
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.00 65 51 106 102 69
Invested Capital Turnover		 0.00 12.76 8.45 8.94 11.12 15.08
Increase / (Decrease) in Invested Capital		 0.00 65 -14 55 -3.88 -33
Enterprise Value (EV)		 0.00 2.60 -127 560 1,215 2,494
Market Capitalization		 36 36 17 744 1,518 2,911
Book Value per Share		 $0.00 $9.59 $7.99 $7.14 $4.95 $6.55
Tangible Book Value per Share		 $0.00 $9.59 $7.99 $6.62 $4.72 $6.32
Total Capital		 0.00 129 196 291 406 486
Total Debt		 0.00 2.93 1.07 0.11 0.38 0.00
Total Long-Term Debt		 0.00 2.58 0.87 0.11 0.38 0.00
Net Debt		 0.00 -61 -144 -184 -303 -417
Capital Expenditures (CapEx)		 0.65 1.83 0.71 3.92 13 7.68
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 52 11 2.87 -20 -68
Debt-free Net Working Capital (DFNWC)		 0.00 116 156 187 283 348
Net Working Capital (NWC)		 0.00 115 155 187 283 348
Net Nonoperating Expense (NNE)		 -0.90 1.26 2.97 -4.02 -8.94 -14
Net Nonoperating Obligations (NNO)		 0.00 -61 -144 -184 -303 -417
Total Depreciation and Amortization (D&A)		 0.23 0.78 1.39 2.87 8.52 8.33
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 12.52% 2.17% 0.41% -1.71% -5.31%
Debt-free Net Working Capital to Revenue		 0.00% 27.94% 31.77% 26.57% 24.39% 27.01%
Net Working Capital to Revenue		 0.00% 27.86% 31.73% 26.57% 24.39% 27.01%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.60 $2.31 $3.06 $3.60
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 24.41M 40.79M 41.08M 38.16M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.60 $2.30 $3.05 $3.59
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 24.41M 40.92M 41.20M 38.23M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 40.68M 81.59M 80.13M 73.24M
Normalized Net Operating Profit after Tax (NOPAT)		 37 31 27 93 117 124
Normalized NOPAT Margin		 13.27% 7.37% 5.50% 13.18% 10.08% 9.58%
Pre Tax Income Margin		 16.44% 9.11% 6.36% 16.34% 12.11% 12.50%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 983.98 121.35 55.04 91.07 513.54 748.31
NOPAT to Interest Expense		 794.62 98.77 47.43 72.65 456.52 617.77
EBIT Less CapEx to Interest Expense		 969.91 115.44 53.79 87.91 461.06 709.90
NOPAT Less CapEx to Interest Expense		 780.55 92.86 46.18 69.49 404.04 579.36
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 6.50% 0.00% 0.00% 1.69% 18.48% 49.07%

Quarterly Metrics And Ratios for GigaCloud Technology

This table displays calculated financial ratios and metrics derived from GigaCloud Technology's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 73,236,182.00 36,787,488.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 73,236,182.00 36,787,488.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.52 1.15
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 96.47% 103.01% 70.24% 20.86% 8.30% 3.78% 9.67% 22.64% 32.21% 27.60%
EBITDA Growth		 0.00% 112.86% 64.47% 79.01% -31.23% -22.49% 7.89% -19.25% 26.90% 39.87% 41.27%
EBIT Growth		 0.00% 65.41% 16.84% 55.69% -33.84% -5.93% 42.17% -10.37% 48.80% 43.96% 22.39%
NOPAT Growth		 0.00% 96.64% 34.25% 34.39% -8.65% -16.76% 18.61% -1.15% 26.07% 49.11% 33.27%
Net Income Growth		 0.00% 70.60% 46.65% 68.11% -12.98% -0.18% 28.12% -8.63% 24.35% 40.44% 22.53%
EPS Growth		 0.00% 69.23% 44.44% 66.10% -12.64% 3.03% 40.00% 1.02% 32.89% 52.94% 27.47%
Operating Cash Flow Growth		 0.00% -24.76% 4.44% 25.32% 34.87% -38.38% 102.06% 41.65% -5.92% -330.41% 25.46%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 121.16% 141.99% 179.17% 111.79% -43.13% -82.24%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% -3.65% 3.21% -14.64% -35.13% -32.47% 19.14% 24.29%
Revenue Q/Q Growth		 37.36% 0.00% 23.81% -2.43% -2.48% -8.07% 18.65% 3.11% 9.05% -0.90% 14.51%
EBITDA Q/Q Growth		 45.05% 0.00% -8.32% 36.85% -44.27% 10.87% 27.61% 2.42% -0.43% 7.49% 28.88%
EBIT Q/Q Growth		 43.32% 0.00% -15.55% 68.56% -39.09% 8.49% 27.64% 6.26% 1.12% 4.96% 8.51%
NOPAT Q/Q Growth		 19.69% 0.00% -10.28% 35.74% -18.65% -15.99% 27.85% 13.13% 3.76% -0.64% 14.27%
Net Income Q/Q Growth		 46.99% 0.00% -0.83% 50.86% -23.91% -12.32% 27.28% 7.59% 3.56% -0.97% 11.05%
EPS Q/Q Growth		 47.46% 0.00% -1.52% 50.77% -22.45% -10.53% 33.82% 8.79% 2.02% 2.97% 11.54%
Operating Cash Flow Q/Q Growth		 15.08% 0.00% 24.82% 189.11% 23.85% -86.21% 309.30% 102.67% -17.74% -133.77% 322.86%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% -33.12% 15.23% 130.43% -38.37% 164.15% 59.83% -17.63% -83.64% -17.50%
Invested Capital Q/Q Growth		 0.00% 0.00% 22.98% -6.55% -26.74% 22.59% 1.72% -28.98% -24.03% 117.09% 6.11%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 28.54% 26.51% 24.59% 25.47% 21.97% 23.44% 23.85% 23.16% 22.87% 23.88% 25.64%
EBITDA Margin		 17.73% 17.00% 12.59% 17.65% 10.09% 12.17% 13.09% 13.00% 11.87% 12.87% 14.49%
Operating Margin		 15.17% 13.87% 8.83% 13.43% 9.34% 10.42% 11.11% 12.18% 11.11% 11.82% 11.54%
EBIT Margin		 17.02% 12.66% 8.64% 14.92% 9.32% 11.00% 11.83% 12.19% 11.31% 11.98% 11.35%
Profit (Net Income) Margin		 14.54% 10.83% 8.68% 13.41% 10.47% 9.98% 10.71% 11.18% 10.61% 10.61% 10.28%
Tax Burden Percent		 83.03% 81.62% 92.89% 84.98% 101.89% 83.51% 84.37% 84.43% 88.10% 83.03% 84.82%
Interest Burden Percent		 102.84% 104.81% 108.14% 105.78% 110.23% 108.69% 107.29% 108.55% 106.53% 106.65% 106.83%
Effective Tax Rate		 16.97% 18.38% 7.11% 15.02% -1.89% 16.49% 15.63% 15.57% 11.90% 16.97% 15.18%
Return on Invested Capital (ROIC)		 83.34% 153.82% 107.92% 181.07% 105.84% 83.13% 80.64% 109.06% 147.59% 98.18% 100.19%
ROIC Less NNEP Spread (ROIC-NNEP)		 80.76% 155.06% 106.51% 176.40% 104.69% 81.69% 78.96% 108.12% 146.75% 97.30% 99.59%
Return on Net Nonoperating Assets (RNNOA)		 -51.18% -95.67% -62.02% -114.77% -73.26% -54.03% -51.22% -79.04% -118.58% -68.28% -70.03%
Return on Equity (ROE)		 32.16% 58.15% 45.89% 66.30% 32.58% 29.10% 29.42% 30.02% 29.01% 29.90% 30.16%
Cash Return on Invested Capital (CROIC)		 32.80% 0.00% 0.00% 0.00% 115.64% 87.13% 99.74% 143.35% 183.24% 80.76% 79.72%
Operating Return on Assets (OROA)		 18.94% 10.71% 8.06% 15.43% 11.29% 12.57% 13.21% 13.57% 12.83% 14.21% 14.13%
Return on Assets (ROA)		 16.17% 9.16% 8.10% 13.87% 12.68% 11.41% 11.96% 12.44% 12.05% 12.59% 12.80%
Return on Common Equity (ROCE)		 32.16% 58.15% 45.89% 66.30% 32.58% 29.10% 29.37% 30.02% 29.01% 29.90% 30.12%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 33.16% 31.79% 32.57% 0.00% 30.46% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 31 28 25 35 28 24 30 34 35 35 40
NOPAT Margin		 12.59% 11.32% 8.20% 11.41% 9.52% 8.70% 9.37% 10.28% 9.79% 9.81% 9.79%
Net Nonoperating Expense Percent (NNEP)		 2.58% -1.25% 1.41% 4.67% 1.15% 1.45% 1.68% 0.95% 0.83% 0.88% 0.60%
Return On Investment Capital (ROIC_SIMPLE)		 10.61% - - - 6.94% 5.73% 7.01% 7.48% 7.31% 6.91% 7.50%
Cost of Revenue to Revenue		 71.46% 73.50% 75.41% 74.53% 78.03% 76.56% 76.15% 76.84% 77.13% 76.12% 74.36%
SG&A Expenses to Revenue		 5.36% 6.13% 8.45% 5.04% 5.74% 5.27% 4.04% 2.56% 2.94% 2.72% 4.66%
R&D to Revenue		 0.96% 0.70% 1.00% 0.85% 0.80% 0.92% 0.99% 0.76% 0.72% 0.66% 0.65%
Operating Expenses to Revenue		 13.37% 12.64% 15.76% 12.04% 12.63% 13.02% 12.74% 10.98% 11.76% 12.06% 14.10%
Earnings before Interest and Taxes (EBIT)		 42 32 27 45 28 30 38 41 41 43 47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 43 43 39 54 30 33 42 43 43 46 60
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.56 6.86 6.96 4.75 3.75 2.76 3.50 4.68 5.99 6.51 2.18
Price to Tangible Book Value (P/TBV)		 2.76 7.33 7.37 4.99 3.93 2.89 3.66 4.87 6.22 6.75 2.25
Price to Revenue (P/Rev)		 1.06 2.64 2.53 1.71 1.31 0.96 1.26 1.75 2.26 2.41 0.79
Price to Earnings (P/E)		 7.91 20.69 21.89 14.58 12.06 9.05 11.29 16.48 21.19 22.41 7.45
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 12.64% 4.83% 4.57% 6.86% 8.29% 11.05% 8.85% 6.07% 4.72% 4.46% 13.43%
Enterprise Value to Invested Capital (EV/IC)		 5.27 16.30 15.27 11.73 11.85 6.77 9.41 19.54 36.18 19.77 4.96
Enterprise Value to Revenue (EV/Rev)		 0.80 2.40 2.32 1.48 1.05 0.72 1.01 1.45 1.93 2.15 0.54
Enterprise Value to EBITDA (EV/EBITDA)		 4.84 14.08 14.62 9.12 8.68 6.16 8.04 12.25 15.79 17.28 4.38
Enterprise Value to EBIT (EV/EBIT)		 4.96 15.81 17.66 11.27 9.24 6.56 8.53 13.02 16.67 18.18 4.59
Enterprise Value to NOPAT (EV/NOPAT)		 6.22 19.07 20.65 13.74 10.40 7.62 10.32 15.26 20.19 21.89 5.42
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.20 15.45 17.68 11.69 7.69 5.59 7.00 9.11 13.08 18.56 4.65
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 10.06 7.89 8.69 10.72 15.92 26.62 6.89
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.63 -0.62 -0.58 -0.65 -0.70 -0.66 -0.65 -0.73 -0.81 -0.70 -0.70
Leverage Ratio		 2.61 3.08 2.94 2.68 2.76 2.83 2.71 2.56 2.55 2.51 2.44
Compound Leverage Factor		 2.68 3.22 3.18 2.84 3.04 3.08 2.90 2.78 2.72 2.68 2.61
Debt to Total Capital		 0.04% 0.04% 0.00% 0.00% 0.09% 0.06% 0.00% 0.00% 0.00% 0.00% 0.63%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.63%
Long-Term Debt to Total Capital		 0.04% 0.04% 0.00% 0.00% 0.09% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 99.96% 99.96% 100.00% 100.00% 99.91% 99.94% 99.65% 100.00% 100.00% 100.00% 99.37%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02
Net Debt to EBITDA		 -1.59 -1.39 0.00 0.00 -2.16 -2.08 0.00 0.00 0.00 0.00 -2.09
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02
Net Debt to NOPAT		 -2.04 -1.88 0.00 0.00 -2.59 -2.57 0.00 0.00 0.00 0.00 -2.58
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 2.35 3.49 3.75 3.54 3.25 2.91 3.38 3.95 4.44 4.86 3.06
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.19% 0.00% 0.00% 0.00% 0.16%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.91 1.83 1.98 2.13 2.07 1.98 2.11 2.08 2.02 2.07 2.09
Quick Ratio		 1.18 1.01 1.11 1.30 1.36 1.21 1.36 1.42 1.41 1.30 1.34
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -93 -124 -105 32 20 52 83 69 11 9.26
Operating Cash Flow to CapEx		 1,638.04% 620.30% 313.66% 1,462.23% 6,248.22% 399.53% 2,570.51% 6,699.49% 2,428.06% -488.87% 1,497.80%
Free Cash Flow to Firm to Interest Expense		 0.00 -1,151.87 -2,105.05 -1,210.14 1,104.59 858.37 1,629.69 1,173.94 927.73 93.57 87.40
Operating Cash Flow to Interest Expense		 469.72 189.00 323.86 634.98 2,359.24 410.13 1,206.53 1,102.11 869.84 -181.13 456.97
Operating Cash Flow Less CapEx to Interest Expense		 441.05 158.53 220.61 591.55 2,321.48 307.48 1,159.59 1,085.66 834.01 -218.18 426.46
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.11 0.85 0.93 1.03 1.21 1.14 1.12 1.11 1.14 1.19 1.24
Accounts Receivable Turnover		 16.36 13.92 14.15 17.75 19.99 18.70 17.17 19.99 20.93 18.30 18.20
Inventory Turnover		 4.89 3.23 3.66 4.47 5.75 4.60 4.74 5.23 5.48 4.74 5.51
Fixed Asset Turnover		 37.37 36.34 43.35 38.26 42.91 42.63 42.18 39.25 41.76 39.64 40.89
Accounts Payable Turnover		 10.17 6.93 9.06 12.28 11.84 10.30 11.86 12.86 10.78 11.30 13.96
Days Sales Outstanding (DSO)		 22.30 26.21 25.80 20.57 18.26 19.52 21.26 18.26 17.44 19.94 20.05
Days Inventory Outstanding (DIO)		 74.60 112.95 99.71 81.61 63.50 79.33 77.03 69.82 66.56 77.03 66.26
Days Payable Outstanding (DPO)		 35.89 52.65 40.31 29.71 30.82 35.42 30.77 28.38 33.87 32.29 26.16
Cash Conversion Cycle (CCC)		 61.01 86.51 85.21 72.46 50.94 63.43 67.52 59.70 50.14 64.68 60.16
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 106 122 150 140 102 126 128 91 69 150 159
Invested Capital Turnover		 6.62 13.59 13.16 15.87 11.12 9.56 8.60 10.60 15.08 10.01 10.23
Increase / (Decrease) in Invested Capital		 0.00 122 150 140 -3.88 3.91 -22 -49 -33 24 31
Enterprise Value (EV)		 560 1,984 2,285 1,641 1,215 851 1,202 1,773 2,494 2,959 787
Market Capitalization		 744 2,180 2,494 1,901 1,518 1,138 1,506 2,139 2,911 3,323 1,162
Book Value per Share		 $7.14 $3.89 $4.37 $4.84 $4.95 $5.15 $5.65 $6.07 $6.55 $6.97 $14.52
Tangible Book Value per Share		 $6.62 $3.64 $4.13 $4.61 $4.72 $4.92 $5.41 $5.83 $6.32 $6.72 $14.04
Total Capital		 291 318 358 400 406 413 431 457 486 510 537
Total Debt		 0.11 0.12 0.00 0.00 0.38 0.24 0.00 0.00 0.00 0.00 3.37
Total Long-Term Debt		 0.11 0.12 0.00 0.00 0.38 0.24 0.00 0.00 0.00 0.00 0.00
Net Debt		 -184 -196 -209 -260 -303 -287 -304 -367 -417 -364 -375
Capital Expenditures (CapEx)		 3.10 2.47 6.09 3.78 1.10 2.36 1.50 1.17 2.65 4.45 3.23
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 2.87 13 36 20 -20 -0.12 -0.29 -44 -68 2.02 5.73
Debt-free Net Working Capital (DFNWC)		 187 209 244 280 283 287 303 322 348 366 384
Net Working Capital (NWC)		 187 209 244 280 283 287 303 322 348 366 381
Net Nonoperating Expense (NNE)		 -4.75 1.22 -1.47 -6.08 -2.80 -3.49 -4.31 -2.97 -3.00 -2.85 -2.03
Net Nonoperating Obligations (NNO)		 -184 -196 -209 -260 -303 -287 -304 -367 -417 -361 -375
Total Depreciation and Amortization (D&A)		 1.72 11 12 8.29 2.27 3.17 4.04 2.67 2.03 3.22 13
Debt-free, Cash-free Net Working Capital to Revenue		 0.41% 1.55% 3.62% 1.79% -1.71% -0.01% -0.02% -3.61% -5.31% 0.15% 0.39%
Debt-free Net Working Capital to Revenue		 26.57% 25.27% 24.81% 25.26% 24.39% 24.32% 25.42% 26.36% 27.01% 26.57% 26.21%
Net Working Capital to Revenue		 26.57% 25.27% 24.81% 25.26% 24.39% 24.32% 25.42% 26.36% 27.01% 26.57% 25.98%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.88 $0.67 $0.65 $0.98 $0.76 $0.68 $0.91 $0.99 $1.02 $1.04 $1.16
Adjusted Weighted Average Basic Shares Outstanding		 40.79M 40.79M 41.30M 41.36M 41.08M 40.02M 38.07M 37.54M 38.16M 36.68M 36.53M
Adjusted Diluted Earnings per Share		 $0.87 $0.66 $0.65 $0.98 $0.76 $0.68 $0.91 $0.99 $1.01 $1.04 $1.16
Adjusted Weighted Average Diluted Shares Outstanding		 40.92M 40.95M 41.41M 41.40M 41.20M 40.14M 38.11M 37.61M 38.23M 36.77M 36.55M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 81.59M 81.98M 82.73M 81.94M 80.13M 76.14M 75.33M 74.11M 73.24M 36.79M 71.42M
Normalized Net Operating Profit after Tax (NOPAT)		 34 28 26 35 19 24 30 34 35 35 40
Normalized NOPAT Margin		 13.69% 11.32% 8.25% 11.42% 6.54% 8.70% 9.40% 10.29% 9.78% 9.81% 9.79%
Pre Tax Income Margin		 17.51% 13.27% 9.34% 15.78% 10.27% 11.95% 12.69% 13.24% 12.05% 12.77% 12.12%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 385.77 392.49 455.07 520.21 950.55 1,300.30 1,192.88 571.31 554.31 358.78 440.73
NOPAT to Interest Expense		 285.39 350.82 432.13 397.79 970.87 1,028.41 945.00 481.83 479.67 293.91 380.20
EBIT Less CapEx to Interest Expense		 357.09 362.02 351.81 476.78 912.79 1,197.65 1,145.94 554.86 518.49 321.73 410.22
NOPAT Less CapEx to Interest Expense		 256.71 320.36 328.88 354.37 933.11 925.76 898.06 465.38 443.85 256.86 349.69
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 1.69% 0.00% 0.00% 0.00% 18.48% 36.56% 0.00% 0.00% 49.07% 38.38% 40.78%

Financials Breakdown Chart

Key Financial Trends

GigaCloud Technology (NASDAQ: GCT) shows a business that has scaled rapidly while staying profitable, but recent trends suggest growth has moderated and cash generation has become less consistent. Over the last four years, revenue has risen sharply from the early 2023 level, and the company continues to post solid net income margins. However, the latest quarter also shows a notable swing to negative operating cash flow, driven by changes in working capital, even though the balance sheet remains liquid.

  • Revenue remains well above prior-year levels. Q1 2026 revenue was $359.5 million, up from $271.9 million in Q1 2025 and far above $127.8 million in Q1 2023, showing strong multi-year expansion.
  • Profitability is still healthy. Q1 2026 net income was $38.1 million, or $1.04 per diluted share, indicating the business is still earning meaningful profits despite slower top-line growth.
  • Gross profit dollars continue to grow. Q1 2026 gross profit reached $85.8 million versus $63.7 million in Q1 2025 and $29.6 million in Q1 2023.
  • The company holds a strong cash position. As of Q1 2026, GigaCloud had $330.3 million in cash and equivalents plus $32.9 million in short-term investments.
  • Liquidity appears solid relative to near-term obligations. Current assets of $708.9 million exceeded current liabilities of $342.9 million by a wide margin.
  • Interest income continues to support earnings. In Q1 2026, interest and investment income was $3.0 million, comfortably above interest expense of just $0.1 million.
  • Operating income is still meaningful. Q1 2026 operating income was $42.5 million, reflecting a business that remains profitable before taxes and financing items.
  • Revenue growth has slowed versus the big gains seen earlier. Q1 2026 revenue was up modestly from Q1 2025 and actually down slightly from Q4 2025, suggesting the explosive growth phase may be normalizing.
  • Inventory remains sizable. Inventories were $240.3 million in Q1 2026, which supports sales but also ties up capital if demand softens.
  • Operating cash flow turned negative in Q1 2026. Cash from operations was -$21.7 million, versus +$64.4 million in Q4 2025 and +$94.3 million in Q1 2025, largely due to a $63.4 million working-capital outflow.
  • Investing activity also used cash. The company spent $4.5 million on capital expenditures, $13.3 million on acquisitions, and $24.8 million on investments in Q1 2026.
  • Share repurchases reduced cash further. GigaCloud repurchased $12.3 million of common equity in Q1 2026.

Bottom line: GigaCloud Technology still looks like a profitable, cash-rich company with a strong balance sheet, but investors should watch the recent deterioration in operating cash flow and the slowing pace of revenue growth. If working capital normalizes, cash generation could rebound; if not, the latest quarter may signal a more challenging operating environment ahead.

08/15/26 11:08 PM ETAI Generated. May Contain Errors.

GigaCloud Technology Financials - Frequently Asked Questions

According to the most recent income statement we have on file, GigaCloud Technology's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

GigaCloud Technology's net income appears to be on an upward trend, with a most recent value of $137.37 million in 2025, rising from $37.46 million in 2020. The previous period was $125.81 million in 2024. Check out GigaCloud Technology's forecast to explore projected trends and price targets.

GigaCloud Technology's total operating income in 2025 was $144.98 million, based on the following breakdown:
  • Total Gross Profit: $300.67 million
  • Total Operating Expenses: $155.69 million

Over the last 5 years, GigaCloud Technology's total revenue changed from $275.48 million in 2020 to $1.29 billion in 2025, a change of 368.2%.

GigaCloud Technology's total liabilities were at $716.66 million at the end of 2025, a 7.7% increase from 2024, and a 1,075.9% increase since 2021.

In the past 4 years, GigaCloud Technology's cash and equivalents has ranged from $63.20 million in 2021 to $379.78 million in 2025, and is currently $379.78 million as of their latest financial filing in 2025.

Over the last 5 years, GigaCloud Technology's book value per share changed from 0.00 in 2020 to 6.55 in 2025, a change of 655.5%.


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Financial statements for NASDAQ:GCT last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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