GigaCloud Technology Inc
NASDAQ:GCT
GigaCloud Technology Inc
GigaCloud Technology Inc is a HK-based company operating in industry. GigaCloud Technology Inc, located in Hong Kong, is a holdings company engaged in e-commerce solutions for large parcel merchandise. The firm operates the e-commerce platform "GigaCloud Marketplace" which integrates discovery, payments, and logistics tools into one platform.
GigaCloud Technology Inc is a HK-based company operating in industry. GigaCloud Technology Inc, located in Hong Kong, is a holdings company engaged in e-commerce solutions for large parcel merchandise. The firm operates the e-commerce platform "GigaCloud Marketplace" which integrates discovery, payments, and logistics tools into one platform.
Revenue Growth: GigaCloud delivered 10% year-over-year revenue growth to $333 million, marking a return to double-digit increases and a new revenue record.
EPS Record: Quarterly EPS reached $0.99, also a company record, with profitability boosted by disciplined execution and share buybacks.
International Strength: European revenues surged 70% to $100 million, helping offset softness in the U.S. market.
M&A Strategy: Ongoing portfolio optimization at Noble House drove its return to profitability and growth; a new acquisition (New Classic Home Furnishing) is set to close in early 2026.
Gross Margin: Gross margin was 23.2%, down 70 basis points sequentially, but product margin improved by 70 basis points to 29.9%.
Cash Flow & Buybacks: Operating cash flow hit $78 million, and $16 million has been executed in share buybacks this quarter.
Q4 Guidance: Revenue is expected between $328 million and $344 million for the fourth quarter.
