Gorilla Technology Group Inc. (GRRR) Income Statement
GRRR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGRRR revenue and net income
Where GRRR's revenue goes
2025Each bar shows an amount and its share of revenue. GRRR kept −11.1% of revenue as net income.
GRRR profit margins
GRRR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +35.7% | +65.4% | +17.4% | — |
| Gross profit | −9.2% | +59.6% | +12.8% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | +100.0% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GRRR quarterly EPS vs estimates
Gorilla Technology beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 16, 2026 (estimate $-0.24).
GRRR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $101.4M | $74.7M | $64.7M | $22.4M | $42.2M | $45.4M | $39.3M |
| Cost of revenue | $67.5M | $37.4M | $20.0M | $14.1M | $26.5M | $26.9M | $21.1M |
| Gross profit | $33.9M | $37.3M | $44.7M | $8.3M | $15.8M | $18.6M | $18.2M |
| Research & development | $3.1M | $2.1M | $3.7M | $14.1M | $15.1M | $14.3M | $11.3M |
| Sales, general & admin | $21.4M | $13.5M | $18.1M | $12.8M | $8.4M | $8.3M | $7.4M |
| Total operating expenses | $25.4M | $104.3M | $27.7M | $94.8M | $23.9M | $24.2M | $18.6M |
| Operating income | $8.5M | −$66.9M | $17.1M | −$86.5M | −$8.2M | −$5.7M | −$449,221 |
| Interest income | $3.3M | $1.6M | $770,410 | $235,912 | $37,869 | $159,275 | $353,916 |
| Interest expense | $543,808 | $732,508 | $818,065 | $835,273 | $666,349 | $461,118 | $468,847 |
| Income before taxes | −$10.9M | −$66.1M | $17.0M | −$87.1M | −$8.8M | −$6.0M | −$564,152 |
| Income taxes | $341,351 | −$1.3M | $3.5M | $430,368 | −$238,445 | −$74,903 | −$28,283 |
| Net income | −$11.3M | −$64.8M | $13.5M | −$87.5M | −$8.5M | −$5.9M | −$535,869 |
| EBITDA | −$9.1M | −$64.0M | $19.1M | −$78.6M | $626,618 | $2.7M | $6.3M |
| EPS (diluted) | $0.42 | $0.21 | −$0.01 | −$2.53 | $0.48 | −$1.12 | −$0.07 |
| Gross margin | 33.4% | 50.0% | 69.1% | 37.2% | 37.3% | 40.9% | 46.3% |
| Operating margin | 8.4% | −89.6% | 26.4% | −386.0% | −19.3% | −12.5% | −1.1% |
| Net margin | −11.1% | −86.8% | 20.9% | −390.6% | −20.2% | −13.0% | −1.4% |
| 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 | $50.1M | $28.2M | $35.6M | $26.5M | $21.1M | $18.3M | $33.9M | $20.1M | $11.9M | $8.7M | $26.7M | $31.5M |
| Cost of revenue | $52.2M | $22.3M | $25.0M | $16.6M | $14.0M | $11.9M | $23.8M | $10.6M | $1.7M | $1.3M | $11.0M | $5.7M |
| Gross profit | −$2.1M | $6.0M | $10.5M | $9.9M | $7.0M | $6.4M | $10.1M | $9.5M | $10.2M | $7.4M | $15.7M | $25.8M |
| Research & development | $1.2M | $1.0M | $1.0M | $825,159 | $655,899 | $570,240 | $565,381 | $394,980 | $303,479 | $846,355 | $618,307 | $585,868 |
| Sales, general & admin | $10.3M | $27.1M | $7.9M | $5.6M | $4.2M | $3.8M | $3.2M | $3.7M | $3.2M | $3.5M | $5.3M | $4.3M |
| Total operating expenses | $15.8M | $28.1M | $9.7M | $9.5M | $11.9M | $10.6M | $28.4M | $15.5M | $5.5M | $18.9M | $5.9M | $4.9M |
| Operating income | −$17.9M | −$22.2M | $812,792 | $424,764 | −$4.9M | −$4.2M | $5.5M | −$6.0M | $6.4M | −$11.4M | $9.8M | $20.9M |
| Interest income | $912,187 | $822,671 | $976,628 | $1.1M | $614,479 | $562,792 | $726,433 | $450,365 | $219,157 | $173,298 | $245,672 | $124,222 |
| Interest expense | $3.1M | $123,613 | $114,884 | $135,251 | $138,681 | $154,992 | $166,077 | $149,826 | $197,816 | $218,789 | $226,532 | $214,987 |
| Income before taxes | −$8.3M | −$40.4M | −$4.2M | $1.4M | −$4.4M | −$3.8M | −$62.1M | −$5.7M | $13.2M | −$11.5M | $15.2M | $16.4M |
| Income taxes | $1.6M | −$3.4M | −$1.4M | $1.4M | −$480,811 | $797,022 | — | $2.1M | — | $51,747 | $2.2M | $2.2M |
| Net income | −$9.9M | −$37.0M | −$2.7M | −$28,249 | −$3.9M | −$4.6M | −$58.6M | −$7.8M | $13.1M | −$11.5M | $13.0M | $14.2M |
| EBITDA | −$17.5M | −$39.8M | $1.1M | $1.9M | −$4.0M | −$3.3M | — | −$5.2M | — | −$10.9M | $10.2M | $21.3M |
| EPS (diluted) | −$0.40 | −$0.18 | $0.35 | $0.24 | $0.06 | −$0.23 | — | $0.15 | — | $0.06 | $0.21 | −$0.02 |
| Gross margin | −4.2% | 21.1% | 29.7% | 37.3% | 33.4% | 35.1% | 29.8% | 47.4% | 85.8% | 85.1% | 58.7% | 82.0% |
| Operating margin | −35.7% | −78.6% | 2.3% | 1.6% | −23.3% | −22.8% | 16.2% | −30.0% | 53.6% | −130.8% | 36.7% | 66.4% |
| Net margin | −19.8% | −130.9% | −7.7% | −0.1% | −18.7% | −25.0% | −172.7% | −38.8% | 110.0% | −131.9% | 48.8% | 44.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GRRR's financial statements (latest annual report filed April 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GRRR financial results
In fiscal year 2025 (ended December 31, 2025), Gorilla Technology reported revenue of $101.4 million, up 35.7% from the year before. It had a net loss of $11.3 million, a net profit margin of −11.1%. Diluted earnings per share came to $0.42. Over five years revenue grew at an average rate of 17.4% a year.
See the GRRR stock overview for the latest quote and news, or the GRRR chart for price history and technical indicators.
GRRR income statement FAQ
What is Gorilla Technology's annual revenue?
Gorilla Technology reported total revenue of $101.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 35.7% from $74.7 million the previous year.
Is Gorilla Technology profitable?
No. Gorilla Technology reported a net loss of $11.3 million in fiscal 2025, a net profit margin of −11.1%; its operating margin was 8.4%.
What is Gorilla Technology's gross margin?
Gorilla Technology's gross margin was 33.4% in fiscal 2025: for every $100 of revenue, Gorilla Technology kept $33 after the direct cost of its products and services.
How much does Gorilla Technology spend on research and development?
Gorilla Technology spent $3.1 million on research and development in fiscal 2025, 3.0% of revenue.
How fast is Gorilla Technology growing?
Revenue grew 17.4% a year on average over the last five fiscal years, from $45.4 million to $101.4 million.
What are Gorilla Technology's earnings per share?
Gorilla Technology earned $0.42 per diluted share in fiscal 2025, compared with $0.21 a year earlier.
When will Gorilla Technology report its next earnings?
Gorilla Technology is expected to report results for the quarter ending September 30, 2026 on November 16, 2026 after the market closes.
When does Gorilla Technology's fiscal year end?
Gorilla Technology's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 15, 2026.