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Complete financial analysis of GigaCloud Technology Inc. (GCT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of GigaCloud Technology Inc., a leading company in the Software – Infrastructure industry within the Technology sector.
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GigaCloud Technology Inc. (GCT)
About GigaCloud Technology Inc.
GigaCloud Technology Inc. provides end-to-end B2B ecommerce solutions for large parcel merchandise. Its marketplace connects manufacturers primarily in Asia with resellers in the United States, Asia, and Europe to execute cross-border transactions across furniture, home appliance, fitness equipment, and other large parcel categories. The company was formerly known as Oriental Standard Human Resources Holdings Limited and changed its name to GigaCloud Technology Inc. in February 2021. GigaCloud Technology Inc. was founded in 2006 and is headquartered in Suzhou, China.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 703.83M | 490.07M | 414.20M | 275.48M | 122.30M |
| Cost of Revenue | 515.20M | 406.96M | 324.60M | 200.36M | 100.10M |
| Gross Profit | 188.63M | 83.11M | 89.60M | 75.12M | 22.19M |
| Gross Profit Ratio | 26.80% | 16.96% | 21.63% | 27.27% | 18.15% |
| Research & Development | 3.93M | 1.43M | 0.00 | 0.00 | 0.00 |
| General & Administrative | 30.01M | 22.63M | 36.76M | 19.40M | 8.74M |
| Selling & Marketing | 41.39M | 24.04M | 13.49M | 11.53M | 8.65M |
| SG&A | 71.39M | 46.67M | 50.24M | 30.93M | 17.39M |
| Other Expenses | 0.00 | -1.09M | 156.00K | 56.00K | -168.00K |
| Operating Expenses | 78.56M | 47.01M | 50.24M | 30.93M | 17.39M |
| Cost & Expenses | 590.52M | 453.96M | 374.84M | 231.29M | 117.49M |
| Interest Income | 3.30M | 472.00K | 537.00K | 58.00K | 2.00K |
| Interest Expense | 1.24M | 568.00K | 309.00K | 46.00K | 0.00 |
| Depreciation & Amortization | 2.87M | 2.04M | 775.00K | 227.00K | 128.00K |
| EBITDA | 119.79M | 33.77M | 38.81M | 45.55M | 4.93M |
| EBITDA Ratio | 17.02% | 7.75% | 9.86% | 16.16% | 3.90% |
| Operating Income | 113.31M | 35.02M | 39.35M | 44.18M | 4.80M |
| Operating Income Ratio | 16.10% | 7.15% | 9.50% | 16.04% | 3.93% |
| Total Other Income/Expenses | 1.68M | -3.86M | -1.63M | 1.09M | 0.00 |
| Income Before Tax | 115.00M | 31.16M | 37.73M | 45.28M | 4.80M |
| Income Before Tax Ratio | 16.34% | 6.36% | 9.11% | 16.44% | 3.93% |
| Income Tax Expense | 20.89M | 7.19M | 8.47M | 7.82M | 1.95M |
| Net Income | 94.11M | 23.97M | 29.26M | 37.46M | 2.86M |
| Net Income Ratio | 13.37% | 4.89% | 7.06% | 13.60% | 2.34% |
| EPS | 2.31 | 0.60 | 0.69 | 0.93 | 0.07 |
| EPS Diluted | 2.30 | 0.60 | 0.69 | 0.93 | 0.07 |
| Weighted Avg Shares Out | 40.79M | 40.24M | 39.75M | 39.75M | 40.24M |
| Weighted Avg Shares Out (Dil) | 40.92M | 40.24M | 40.24M | 40.24M | 40.24M |
Is GigaCloud Technology Inc. (GCT) a Buy as Wall Street Analysts Look Optimistic?
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GigaCloud Technology Inc. (GCT) is Attracting Investor Attention: Here is What You Should Know
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GigaCloud Technology: The Bloodbath Should Stop Eventually
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GigaCloud Stock Plummets 54% in 6 Months: Buy, Hold, or Sell?
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GigaCloud Technology Inc. (GCT) Is a Trending Stock: Facts to Know Before Betting on It
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do...
GigaCloud Technology: Why I'm Blowing Away The Short Storm
I believe the short sellers have seriously underestimated GigaCloud's potential. GigaCloud's strong cash flow and growth prove the skeptics wrong. I'm confident that insider selling is not a red flag, but a standard VC strategy.
GigaCloud: Bullish Support Missing - High Growth Goes Unrewarded For Now (Downgrade)
GCT has experienced a significant pullback since April 2024, leading to a downgrade to Hold (Neutral) due to market volatility. Despite robust FQ2'24 earnings and double-digit growth in GMV/ active buyers, the company faces bottom-line headwinds from higher ocean freight...
GigaCloud Technology Inc. (GCT) is Attracting Investor Attention: Here is What You Should Know
Zacks.com users have recently been watching GigaCloud Technology Inc. (GCT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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