See more : YONEX Co., Ltd. (YONXF) Income Statement Analysis – Financial Results
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 |
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