Company Description
GigaCloud Technology Inc (NASDAQ: GCT) operates in the retail trade sector with a focus on electronic shopping through a technology-enabled, business-to-business (B2B) ecommerce model. The company describes itself as a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, bringing together product discovery, payments, and logistics in a single platform.
At the core of GigaCloud Technology Inc’s business is the GigaCloud Marketplace, a B2B ecommerce platform designed for large parcel goods. According to the company, this marketplace integrates tools for discovery, payments, and logistics into one easy-to-use interface. The platform connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia, and Europe, enabling cross-border transactions that emphasize confidence, speed, and efficiency.
The company states that it offers a solution that can transport products from a manufacturer’s warehouse to the end customer’s doorstep at one fixed price. This approach is aimed at simplifying cross-border trade in bulky categories by combining technology, logistics coordination, and transaction processing within a single ecosystem.
Business focus and product categories
GigaCloud Technology Inc first launched its marketplace in January 2019 by focusing on the global furniture market. Over time, the company reports that it has expanded its marketplace into additional large-parcel categories such as home appliances and fitness equipment. These categories align with the company’s emphasis on large parcel merchandise that benefits from integrated logistics and fulfillment capabilities.
The company’s news disclosures describe growth of a broader ecosystem around its marketplace. For example, GigaCloud has highlighted its Supplier Fulfilled Retailing® model, which it associates with efficiency, flexibility, and reliability at scale for large-parcel commerce. The company also notes that it supports both reseller and retailer customers as part of this ecosystem.
Global marketplace and cross-border logistics
According to multiple company announcements, GigaCloud’s marketplace is designed to support cross-border B2B transactions. Manufacturers are primarily located in Asia, while resellers are primarily based in the U.S., Asia, and Europe. The company emphasizes that its platform is intended to enable these participants to execute transactions with confidence, speed, and efficiency.
GigaCloud describes its offering as a solution that integrates online marketplace technology with logistics and fulfillment capabilities. The company reports that it can coordinate the movement of products from manufacturer warehouses to end customers, with pricing structured on a fixed-price basis for the entire journey.
Fulfillment network and operational footprint
In its public communications, GigaCloud Technology Inc has discussed the importance of its fulfillment network to support its marketplace. The company has stated that its fulfillment network comprises 38 strategic locations totaling more than 11 million square feet across five countries. It has also announced the lease of a large fulfillment center in Jackson Township, New Jersey, describing it as its largest facility in that state and as part of a global fulfillment infrastructure that supports the scale of its marketplace ecosystem.
The company characterizes a strategically optimized footprint as foundational to the value delivered by its Supplier Fulfilled Retailing® model. This footprint is presented as a way to support the growing volume of transactions on the platform and to provide capacity for reseller and retailer customers to expand.
Corporate structure and listing
GigaCloud Technology Inc is incorporated in the Cayman Islands, as disclosed in its filings with the U.S. Securities and Exchange Commission (SEC). The company’s Class A ordinary shares trade on the Nasdaq Stock Market under the ticker symbol GCT. SEC filings identify an SEC Commission File Number of 001-41454.
The company has both Class A and Class B ordinary shares, with Class A and Class B voting together as a single class on matters submitted to shareholders, and with different voting power per share as described in its annual meeting disclosure. GigaCloud has also reported the use of share repurchase programs authorized by its board of directors, funded from its own resources, as disclosed in its SEC filings.
Financial reporting and performance metrics
GigaCloud Technology Inc reports its financial results in U.S. dollars and prepares financial statements in accordance with U.S. GAAP, as reflected in its condensed consolidated financial statements. The company discloses revenues from service revenues and product revenues, cost of revenues for services and products, and gross profit. It also reports operating expenses, including selling and marketing, general and administrative, and research and development expenses.
In addition to GAAP measures, GigaCloud reports certain non-GAAP metrics such as Adjusted EBITDA and Adjusted EPS – diluted. The company states that management uses these measures to understand and evaluate core operating performance, for planning purposes, to allocate resources, and to communicate with its board of directors and investors. The company provides reconciliations of these non-GAAP measures to the most directly comparable GAAP measures in its financial disclosures.
GigaCloud also reports operational metrics related to its marketplace, such as GigaCloud Marketplace GMV, GMV for third-party (3P) sellers, the number of active 3P sellers, the number of active buyers, and spend per active buyer, as disclosed in its financial results press releases.
Strategic initiatives and acquisitions
GigaCloud Technology Inc has publicly described initiatives to expand and strengthen its marketplace ecosystem. The company announced a binding term sheet and subsequent definitive Share Purchase Agreement to acquire New Classic Home Furnishings, Inc., a U.S.-based distributor serving the home furnishings market, for total consideration of $18 million on a debt-free basis, including a post-closing earn-out. The company later announced the completion of this acquisition, stating that New Classic serves over 1,000 retailer customers and offers a portfolio of more than 2,000 SKUs.
GigaCloud has stated that this acquisition is intended to strengthen its ecosystem by adding a wholesale business with broadened retailer relationships and a proven product assortment. The company has also highlighted its intention to integrate New Classic’s retailer customer network into its technology-enabled marketplace and fulfillment capabilities.
Recognition and market perception
In its public announcements, GigaCloud Technology Inc has cited recognition from external organizations. The company reported its inclusion in TIME’s “America’s Growth Leaders 2026” list, which it describes as a ranking honoring companies demonstrating growth, financial stability, and stock performance. It also referenced prior recognition such as being ranked by Forbes in “America’s Most Successful Small-Cap Companies 2025,” inclusion in Newsweek’s “America’s Greatest Companies 2025,” and Gold Stevie® Awards for growth-related categories. These recognitions are presented by the company as reflecting its execution and stability.
Investor relations and capital markets activity
GigaCloud Technology Inc regularly communicates with investors through press releases, conference calls, and participation in investor conferences. The company has announced participation in events such as the Needham Growth Conference, UBS Global Technology and AI Conference, and Roth technology and growth events, where its executives conduct presentations and one-on-one meetings with investors.
The company has disclosed a share repurchase program authorized by its board of directors, with a specified maximum dollar amount and a multi-year duration. Under this program, GigaCloud may repurchase its Class A ordinary shares through methods such as open market transactions, privately negotiated transactions, and block trades, subject to factors including price, trading volume, market conditions, and working capital requirements, and in compliance with applicable securities regulations.
Governance and board composition
GigaCloud’s SEC filings describe a board of directors that includes independent directors as defined by Nasdaq Listing Rules. The company has reported changes to its board, including the resignation of a director and the appointment of a new independent director with extensive experience in the furniture industry, who serves as chair of the Nominating and Corporate Governance Committee and as a member of the Audit and Compensation Committees.
The company’s annual meeting disclosures indicate that shareholders vote on matters such as the ratification of the independent auditor and advisory votes on executive compensation and the frequency of such advisory votes. Voting results are reported in detail in the company’s SEC filings.
Headquarters and jurisdiction
According to its SEC filings, GigaCloud Technology Inc is organized under the laws of the Cayman Islands. The company identifies its principal executive offices as being located in El Monte, California, while complying with the prohibition on including specific street addresses in this description.
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Short Interest History
Short interest in Gigacloud Tech (GCT) currently stands at 2.2 million shares, down 13.9% from the previous reporting period, representing 4.3% of the float. Over the past 12 months, short interest has decreased by 59.8%. This relatively low short interest suggests limited bearish sentiment. The 5.2 days to cover indicates moderate liquidity for short covering.
Days to Cover History
Days to cover for Gigacloud Tech (GCT) currently stands at 5.2 days. This moderate days-to-cover ratio suggests reasonable liquidity for short covering, requiring about a week of average trading volume. The ratio has shown significant volatility over the period, ranging from 2.1 to 9.3 days.