GigaCloud Technology Inc. (GCT) Income Statement
GCT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGCT revenue and net income
Where GCT's revenue goes
2025Each bar shows an amount and its share of revenue. GCT kept 10.6% of revenue as net income.
GCT profit margins
GCT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.1% | +38.1% | +36.2% | — |
| Gross profit | +5.4% | +53.5% | +32.0% | — |
| Operating income | +11.1% | +60.6% | +26.8% | — |
| Net income | +9.2% | +78.9% | +29.7% | — |
| EPS (diluted) | +4.5% | +85.2% | 0.0% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GCT quarterly EPS vs estimates
GigaCloud Technology beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 5, 2026 (estimate $1.28).
GCT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.29B | $1.16B | $703.8M | $490.1M | $414.2M | $275.5M | $122.3M |
| Cost of revenue | $989.2M | $875.8M | $515.2M | $407.0M | $324.6M | $200.4M | $100.1M |
| Gross profit | $300.7M | $285.2M | $188.6M | $83.1M | $89.6M | $75.1M | $22.2M |
| Research & development | $10.8M | $9.8M | $3.9M | $1.4M | $0 | $0 | — |
| Sales, general & admin | $144.8M | $144.6M | $71.4M | $46.7M | $50.2M | $30.9M | $17.4M |
| Total operating expenses | $155.7M | $154.6M | $78.6M | $48.1M | $50.2M | $30.9M | $17.4M |
| Operating income | $145.1M | $130.6M | $110.1M | $35.0M | $39.4M | $44.2M | $4.8M |
| Interest income | $11.7M | $9.4M | $2.3M | $472,000 | $537,000 | $58,000 | $2,000 |
| Interest expense | $200,000 | $256,000 | $1.2M | $568,000 | $309,000 | $46,000 | $166,000 |
| Income before taxes | $161.2M | $140.6M | $115.0M | $31.2M | $37.7M | $45.3M | $4.8M |
| Income taxes | $23.8M | $14.8M | $20.9M | $7.2M | $8.5M | $7.8M | $1.9M |
| Net income | $137.4M | $125.8M | $94.1M | $24.0M | $29.3M | $37.5M | $2.9M |
| EBITDA | $169.7M | $149.4M | $119.1M | $33.1M | $38.8M | $45.5M | $4.9M |
| EPS (diluted) | $3.94 | $3.77 | $2.30 | $0.62 | $0.74 | $3.94 | — |
| Gross margin | 23.3% | 24.6% | 26.8% | 17.0% | 21.6% | 27.3% | 18.1% |
| Operating margin | 11.2% | 11.3% | 15.6% | 7.1% | 9.5% | 16.0% | 3.9% |
| Net margin | 10.6% | 10.8% | 13.4% | 4.9% | 7.1% | 13.6% | 2.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $411.6M | $359.5M | $362.7M | $332.6M | $322.6M | $271.9M | $295.8M | $303.3M | $310.9M | $251.1M | $244.7M | $178.2M |
| Cost of revenue | $306.1M | $273.6M | $279.8M | $255.6M | $245.7M | $208.2M | $230.8M | $226.1M | $234.4M | $184.5M | $174.9M | $129.3M |
| Gross profit | $105.6M | $85.8M | $82.9M | $77.0M | $76.9M | $63.7M | $65.0M | $77.3M | $76.4M | $66.5M | $69.8M | $48.9M |
| Research & development | $2.7M | $2.4M | $2.6M | $2.5M | $3.2M | $2.5M | $2.4M | $2.6M | $3.1M | $1.8M | $2.3M | $377,000 |
| Sales, general & admin | $55.3M | $38.7M | $308,000 | $32.5M | $37.7M | $32.9M | $35.0M | $33.9M | $45.7M | $26.2M | $31.7M | $16.8M |
| Total operating expenses | $58.0M | $43.4M | $42.7M | $36.5M | $41.1M | $35.4M | $37.4M | $36.5M | $48.8M | $31.7M | $32.7M | $17.2M |
| Operating income | $47.5M | $42.5M | $40.3M | $40.5M | $35.8M | $28.3M | $27.6M | $40.7M | $27.6M | $34.8M | $37.1M | $31.7M |
| Interest income | $3.1M | $3.0M | $3.2M | $3.1M | $2.8M | $2.6M | $2.8M | $2.7M | $2.2M | $1.6M | $1.3M | $937,000 |
| Interest expense | $106,000 | $120,000 | $326,000 | $71,000 | $32,000 | $23,000 | $29,000 | $87,000 | $59,000 | $81,000 | $108,000 | $215,000 |
| Income before taxes | $49.9M | $45.9M | $43.7M | $44.0M | $41.0M | $32.5M | $30.4M | $47.9M | $29.0M | $33.3M | $42.8M | $29.8M |
| Income taxes | $7.6M | $7.8M | $5.2M | $6.9M | $6.4M | $5.4M | −$573,000 | $7.2M | $2.1M | $6.1M | $7.3M | $5.6M |
| Net income | $42.3M | $38.1M | $38.5M | $37.2M | $34.6M | $27.1M | $31.0M | $40.7M | $27.0M | $27.2M | $35.6M | $24.2M |
| EBITDA | $52.2M | $48.3M | $46.1M | $46.2M | $43.1M | $34.6M | $32.7M | $50.1M | $31.2M | $37.1M | $44.7M | $30.4M |
| EPS (diluted) | $1.16 | $1.24 | $1.04 | $1.16 | $0.91 | $0.83 | $0.75 | $1.15 | $1.03 | $0.84 | $0.87 | $0.59 |
| Gross margin | 25.6% | 23.9% | 22.9% | 23.2% | 23.9% | 23.4% | 22.0% | 25.5% | 24.6% | 26.5% | 28.5% | 27.4% |
| Operating margin | 11.5% | 11.8% | 11.1% | 12.2% | 11.1% | 10.4% | 9.3% | 13.4% | 8.9% | 13.9% | 15.2% | 17.8% |
| Net margin | 10.3% | 10.6% | 10.6% | 11.2% | 10.7% | 10.0% | 10.5% | 13.4% | 8.7% | 10.8% | 14.5% | 13.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GCT's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GCT financial results
In fiscal year 2025 (ended December 31, 2025), GigaCloud Technology reported revenue of $1.3 billion, up 11.1% from the year before. It had net income of $137.4 million (up 9.2%), a net profit margin of 10.6%. Diluted earnings per share came to $3.94. Over five years revenue grew at an average rate of 36.2% a year.
See the GCT stock overview for the latest quote and news, or the GCT chart for price history and technical indicators.
GCT income statement FAQ
What is GigaCloud Technology's annual revenue?
GigaCloud Technology reported total revenue of $1.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 11.1% from $1.2 billion the previous year.
Is GigaCloud Technology profitable?
Yes. GigaCloud Technology reported net income of $137.4 million in fiscal 2025, a net profit margin of 10.6%; its operating margin was 11.2%.
What is GigaCloud Technology's gross margin?
GigaCloud Technology's gross margin was 23.3% in fiscal 2025: for every $100 of revenue, GigaCloud Technology kept $23 after the direct cost of its products and services.
How much does GigaCloud Technology spend on research and development?
GigaCloud Technology spent $10.8 million on research and development in fiscal 2025, 0.8% of revenue.
How fast is GigaCloud Technology growing?
Revenue grew 36.2% a year on average over the last five fiscal years, from $275.5 million to $1.3 billion.
What are GigaCloud Technology's earnings per share?
GigaCloud Technology earned $3.94 per diluted share in fiscal 2025, compared with $3.77 a year earlier.
When will GigaCloud Technology report its next earnings?
GigaCloud Technology is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does GigaCloud Technology's fiscal year end?
GigaCloud Technology's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.