Gigacloud Tech Financials
This page shows Gigacloud Tech (GCT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Gigacloud Tech has an operating margin of 11.3%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is down from 15.6% the prior year.
Gigacloud Tech's revenue surged 65.0% year-over-year to $1.2B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Gigacloud Tech has a moderate D/E ratio of 1.64. This balance of debt and equity financing earns a leverage score of 50/100.
Gigacloud Tech's current ratio of 2.07 indicates adequate short-term liquidity, earning a score of 63/100. The company can meet its near-term obligations, though with limited headroom.
Gigacloud Tech has a free cash flow margin of 12.3%, earning a moderate score of 61/100. The company generates positive cash flow after capital investments, but with room for improvement.
Gigacloud Tech earns a strong 31.1% return on equity (ROE), meaning it generates $31 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 32.4% the prior year.
Gigacloud Tech scores 3.38, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Gigacloud Tech passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Gigacloud Tech generates $1.26 in operating cash flow ($158.1M OCF vs $125.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Gigacloud Tech earns $510.2 in operating income for every $1 of interest expense ($130.6M vs $256K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Gigacloud Tech generated $1.2B in revenue in fiscal year 2024. This represents an increase of 65.0% from the prior year.
Gigacloud Tech's EBITDA was $139.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 23.2% from the prior year.
Gigacloud Tech generated $142.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 10.4% from the prior year.
Gigacloud Tech reported $125.8M in net income in fiscal year 2024. This represents an increase of 33.7% from the prior year.
Gigacloud Tech earned $3.05 per diluted share (EPS) in fiscal year 2024. This represents an increase of 32.6% from the prior year.
Gigacloud Tech held $259.8M in cash against $0 in long-term debt as of fiscal year 2024.
Gigacloud Tech's gross margin was 24.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.2 percentage points from the prior year.
Gigacloud Tech's operating margin was 11.3% in fiscal year 2024, reflecting core business profitability. This is down 4.4 percentage points from the prior year.
Gigacloud Tech's net profit margin was 10.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.5 percentage points from the prior year.
Gigacloud Tech's ROE was 31.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.4 percentage points from the prior year.
Gigacloud Tech invested $9.8M in research and development in fiscal year 2024. This represents an increase of 149.5% from the prior year.
Gigacloud Tech spent $23.2M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1358.2% from the prior year.
Gigacloud Tech invested $15.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 254.7% from the prior year.
GCT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $332.6M+3.1% | $322.6M+18.6% | $271.9M+11.1% | $244.7M+37.4% | $178.2M+16.4% | $153.1M+19.8% | $127.8M | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $77.0M+0.1% | $76.9M+20.7% | $63.7M-8.8% | $69.8M+42.9% | $48.9M+21.0% | $40.4M+36.5% | $29.6M | N/A |
| R&D Expenses | $2.5M-20.4% | $3.2M+27.7% | $2.5M+6.4% | $2.3M+521.8% | $377K-29.1% | $532K-20.8% | $672K | N/A |
| SG&A Expenses | $8.5M-34.7% | $13.0M-9.1% | $14.3M+9.2% | $13.1M+125.2% | $5.8M-15.5% | $6.9M+66.2% | $4.2M | N/A |
| Operating Income | $40.5M+13.0% | $35.8M+26.6% | $28.3M-23.7% | $37.1M+17.1% | $31.7M+35.5% | $23.4M+31.0% | $17.9M | N/A |
| Interest Expense | $71K+121.9% | $32K+39.1% | $23K-78.7% | $108K-49.8% | $215K-73.3% | $804K+611.5% | $113K | N/A |
| Income Tax | $6.9M+232.1% | $2.1M-61.5% | $5.4M-26.3% | $7.3M+30.1% | $5.6M+30.9% | $4.3M+13.7% | $3.8M | N/A |
| Net Income | $37.2M+7.6% | $34.6M+27.3% | $27.1M-23.7% | $35.6M+47.0% | $24.2M+31.6% | $18.4M+15.4% | $15.9M | N/A |
| EPS (Diluted) | $0.99+8.8% | $0.91+33.8% | $0.68-21.8% | $0.87+47.5% | $0.59+31.1% | $0.45+15.4% | $0.39 | N/A |
GCT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B+3.8% | $1.1B-0.8% | $1.1B+28.8% | $846.9M | N/A | N/A | N/A | $418.6M |
| Current Assets | $622.0M+7.7% | $577.3M-0.3% | $579.2M+47.5% | $392.8M | N/A | N/A | N/A | $258.1M |
| Cash & Equivalents | $334.9M+39.5% | $240.1M-4.6% | $251.7M+37.3% | $183.3M-14.7% | $214.9M+17.8% | $182.4M+11.1% | $164.2M+14.4% | $143.5M |
| Inventory | $176.4M-5.6% | $186.8M-8.8% | $204.9M+54.9% | $132.2M | N/A | N/A | N/A | $78.3M |
| Accounts Receivable | $59.8M-13.9% | $69.4M+3.7% | $67.0M+13.8% | $58.9M | N/A | N/A | N/A | $27.1M |
| Goodwill | $12.6M0.0% | $12.6M0.0% | $12.6M0.0% | $12.6M | N/A | N/A | N/A | $0 |
| Total Liabilities | $666.8M+2.4% | $651.3M-4.0% | $678.1M+21.9% | $556.5M | N/A | N/A | N/A | $223.4M |
| Current Liabilities | $299.6M+9.4% | $273.9M-6.1% | $291.8M+41.8% | $205.8M | N/A | N/A | N/A | $102.6M |
| Long-Term Debt | N/A | N/A | N/A | $0 | N/A | N/A | N/A | $0 |
| Total Equity | $457.3M+6.0% | $431.4M+4.5% | $412.9M+42.2% | $290.4M+14.2% | $254.2M+10.0% | $231.0M+9.4% | $211.2M+8.2% | $195.2M |
| Retained Earnings | $377.5M+10.9% | $340.3M+4.4% | $326.0M+83.5% | $177.7M | N/A | N/A | N/A | $83.6M |
GCT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $78.3M+102.7% | $38.6M+309.3% | $9.4M-81.4% | $50.7M+15.1% | $44.1M+140.9% | $18.3M-10.1% | $20.3M | N/A |
| Capital Expenditures | $1.2M-24.5% | $1.6M-34.2% | $2.4M-32.7% | $3.6M+434.9% | $665K+3066.7% | $21K-84.7% | $137K | N/A |
| Free Cash Flow | $77.1M+108.1% | $37.0M+426.2% | $7.0M-85.1% | $47.2M+8.7% | $43.4M+137.6% | $18.3M-9.6% | $20.2M | N/A |
| Investing Cash Flow | $27.7M+196.3% | -$28.8M-722.8% | $4.6M+105.7% | -$81.2M-786.5% | -$9.2M-43533.3% | -$21K+84.7% | -$137K | N/A |
| Financing Cash Flow | -$11.4M+51.1% | -$23.4M-2.9% | -$22.8M-3901.4% | -$569K+76.1% | -$2.4M-1624.6% | -$138K+84.9% | -$916K | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $23.2M | N/A | $22.7M | $0 | N/A | N/A | N/A | N/A |
GCT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.2%-0.7pp | 23.8%+0.4pp | 23.4%-5.1pp | 28.5%+1.1pp | 27.4%+1.1pp | 26.4%+3.2pp | 23.1% | N/A |
| Operating Margin | 12.2%+1.1pp | 11.1%+0.7pp | 10.4%-4.8pp | 15.2%-2.6pp | 17.8%+2.5pp | 15.3%+1.3pp | 14.0% | N/A |
| Net Margin | 11.2%+0.5pp | 10.7%+0.7pp | 10.0%-4.6pp | 14.5%+1.0pp | 13.6%+1.6pp | 12.0%-0.5pp | 12.5% | N/A |
| Return on Equity | 8.1%+0.1pp | 8.0%+1.4pp | 6.6%-5.7pp | 12.3%+2.7pp | 9.5%+1.6pp | 8.0%+0.4pp | 7.5% | N/A |
| Return on Assets | 3.3%+0.1pp | 3.2%+0.7pp | 2.5%-1.7pp | 4.2% | N/A | N/A | N/A | N/A |
| Current Ratio | 2.08-0.0 | 2.11+0.1 | 1.98+0.1 | 1.91 | N/A | N/A | N/A | 2.51 |
| Debt-to-Equity | 1.46-0.1 | 1.51-0.1 | 1.64+1.6 | 0.00 | N/A | N/A | N/A | 0.00 |
| FCF Margin | 23.2%+11.7pp | 11.5%+8.9pp | 2.6%-16.7pp | 19.3%-5.1pp | 24.4%+12.4pp | 11.9%-3.9pp | 15.8% | N/A |
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Frequently Asked Questions
What is Gigacloud Tech's annual revenue?
Gigacloud Tech (GCT) reported $1.2B in total revenue for fiscal year 2024. This represents a 65.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Gigacloud Tech's revenue growing?
Gigacloud Tech (GCT) revenue grew by 65% year-over-year, from $703.8M to $1.2B in fiscal year 2024.
Is Gigacloud Tech profitable?
Yes, Gigacloud Tech (GCT) reported a net income of $125.8M in fiscal year 2024, with a net profit margin of 10.8%.
What is Gigacloud Tech's earnings per share (EPS)?
Gigacloud Tech (GCT) reported diluted earnings per share of $3.05 for fiscal year 2024. This represents a 32.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Gigacloud Tech's EBITDA?
Gigacloud Tech (GCT) had EBITDA of $139.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Gigacloud Tech's gross margin?
Gigacloud Tech (GCT) had a gross margin of 24.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Gigacloud Tech's operating margin?
Gigacloud Tech (GCT) had an operating margin of 11.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Gigacloud Tech's net profit margin?
Gigacloud Tech (GCT) had a net profit margin of 10.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Gigacloud Tech's return on equity (ROE)?
Gigacloud Tech (GCT) has a return on equity of 31.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Gigacloud Tech's free cash flow?
Gigacloud Tech (GCT) generated $142.5M in free cash flow during fiscal year 2024. This represents a 10.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Gigacloud Tech's operating cash flow?
Gigacloud Tech (GCT) generated $158.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Gigacloud Tech's total assets?
Gigacloud Tech (GCT) had $1.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Gigacloud Tech's capital expenditures?
Gigacloud Tech (GCT) invested $15.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Gigacloud Tech spend on research and development?
Gigacloud Tech (GCT) invested $9.8M in research and development during fiscal year 2024.
Does Gigacloud Tech buy back shares?
Yes, Gigacloud Tech (GCT) spent $23.2M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
What is Gigacloud Tech's current ratio?
Gigacloud Tech (GCT) had a current ratio of 2.07 as of fiscal year 2024, which is generally considered healthy.
What is Gigacloud Tech's debt-to-equity ratio?
Gigacloud Tech (GCT) had a debt-to-equity ratio of 1.64 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Gigacloud Tech's return on assets (ROA)?
Gigacloud Tech (GCT) had a return on assets of 11.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Gigacloud Tech's Altman Z-Score?
Gigacloud Tech (GCT) has an Altman Z-Score of 3.38, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Gigacloud Tech's Piotroski F-Score?
Gigacloud Tech (GCT) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Gigacloud Tech's earnings high quality?
Gigacloud Tech (GCT) has an earnings quality ratio of 1.26x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Gigacloud Tech cover its interest payments?
Gigacloud Tech (GCT) has an interest coverage ratio of 510.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Gigacloud Tech?
Gigacloud Tech (GCT) scores 72 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.