GRRRWNasdaqServices-Prepackaged SoftwareUS GAAP · USD

Gorilla Technology Group Inc.

Gorilla Technology Group Inc. is a U.K.-headquartered technology company that designs and delivers security intelligence, network intelligence, business intelligence, IoT, and data-centre solutions. Its offerings combine AI and deep learning with smart-city, video, network, and infrastructure deployments for customers in multiple industries across international markets.

Revenue101m USD
+35.7 %y/y
Operating profit (EBIT)-10.4m USD
+84.1 %y/y
EBIT margin-10.3%
+77.3 ppy/y
Net income-11.3m USD
+82.6 %y/y
Free cash flow-29.3m USD
+5.7 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

-100-50050100150m USD2022: 22 m USD2022: EBIT -86 m USD20222023: 65 m USD2023: EBIT 18 m USD20232024: 75 m USD2024: EBIT -65 m USD20242025: 101 m USD2025: EBIT -10 m USD2025101-10
RevenueOperating profit (EBIT)

Business

Share of revenue
Security Intelligence25 %

AI-enabled surveillance, video analytics, and security convergence solutions for public and enterprise customers.

Network Intelligence20 %

Software and systems that analyze, secure, and optimize network traffic and communications environments.

Smart City Solutions15 %

Integrated urban technology deployments for transportation, public services, safety, and city operations.

AI Infrastructure and Data Centres30 %

Infrastructure capacity, compute, and related services used to support AI and digital workloads.

Business Intelligence and IoT10 %

Data-driven applications and IoT-enabled systems used for monitoring, reporting, and operational insight.

Customers

Gorilla serves governments, public agencies, and commercial customers that need integrated security, connectivity, and AI-enabled infrastructure. The company also works across verticals such as manufacturing, telecom, retail, transportation and logistics, healthcare, and education, where technology deployments are often project-based and tailored to site or network needs. Its customer mix appears centered on organizations procuring multi-year solutions, infrastructure capacity, or managed technology programmes.

Government and public services

Buy smart-city, surveillance, and public safety systems for urban and civic infrastructure.

Telecommunications

Buy network intelligence and infrastructure solutions to improve connectivity and performance.

Industrial and enterprise

Manufacturing, retail, and logistics customers buy monitoring, analytics, and automation tools.

Healthcare and education

Buy AI-enabled security, networking, and operational intelligence for facilities and campuses.

Infrastructure and compute customers

Buy AI infrastructure, data-centre, and workload capacity for digital operations.

Strategy

Gorilla’s strategy centers on expanding infrastructure capacity, increasing utilization of existing deployments, and widening the mix of workloads and services sold to customers. The company is also focused on converting pipeline demand into new customer relationships while maintaining capital discipline as it scales its AI and data-centre footprint.

Scale installed infrastructureShort term

More capacity allows the company to support larger customer workloads and monetise prior investment.

Expand customer workloadsMedium term

Broader workload adoption deepens customer relationships and improves revenue per deployment.

Convert demand pipelineShort term

New customer wins are needed to support growth across geographies and verticals.

Geography

The company is headquartered in London, United Kingdom, and operates internationally through a mix of local subsidiaries and project delivery footprints. Recent disclosures reference activity in Egypt, Taiwan, and Thailand, alongside other global deployments and regional operating entities. Its geography matters because solution delivery, infrastructure installation, and customer programmes are typically tied to specific countries and project schedules.

Risks

The business is exposed to execution risk on customer deployments, infrastructure installation, and utilisation ramp-up because revenue recognition and growth depend on project timing. It also faces concentration risk in project-based and geography-specific programmes, plus typical technology-sector risks such as rapid change, competitive pricing, and the need to keep investing in platform capacity and AI capabilities.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Customer deployment and recognition timing1Utilisation shortfall on new infrastructure2Technology obsolescence and competitive pressure3Geographic and regulatory complexity4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Customer deployment and recognition timingImpact: HighLikelihood: High

    Revenue is driven by infrastructure and programme delivery that can shift between quarters.

    Exposure: Project-based contracts and earlier-than-expected delivery

  2. Utilisation shortfall on new infrastructureImpact: HighLikelihood: Medium

    Returns depend on converting installed capacity into active workloads and revenue.

    Exposure: AI infrastructure and data-centre programmes

  3. Technology obsolescence and competitive pressureImpact: MediumLikelihood: High

    Security, AI, and networking markets evolve quickly and require ongoing product and infrastructure investment.

    ExposureSecurity intelligenceNetwork intelligenceAI infrastructure
  4. Geographic and regulatory complexityImpact: MediumLikelihood: Medium

    The company operates through multiple countries and local subsidiaries, increasing compliance and delivery risk.

    ExposureEgyptTaiwanThailandU.KOther markets

Accounting

Judgemental items
Revenue recognition timing

Earlier-than-expected delivery can accelerate revenue into a period, changing comparability.

Impact: Can materially change quarterly and annual reported revenue.

Seasonality

Management notes seasonality of operations, indicating uneven quarterly patterns.

Impact: Affects trend analysis and run-rate assessment.

Fair value measurements

The company reports fair-value measurement effects that can move operating results without cash impact.

Impact: Can distort underlying operating performance.

Stock-based compensation

Equity compensation is a meaningful expense and affects profitability metrics.

Impact: Raises reported operating expense and loss.

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026

Gorilla Technology Group Inc. (GRRRW) Revenue, Earnings & Financials 2025 – Clarifo