GCTNasdaqRetail-Catalog & Mail-Order HousesUS GAAP · USD

GigaCloud Technology Inc

GigaCloud Technology Inc. runs a cross-border B2B ecommerce platform for large parcel merchandise, connecting manufacturers—primarily in Asia—with resellers in the U.S., Europe and Japan. Its marketplace combines product discovery, payments, logistics, fulfillment and last-mile delivery, and it also sells inventory directly through 1P and off-platform ecommerce channels.

Kysy yhtiöstä
Liikevaihto1 290milj. USD
+11,1 %v/v
Liikevoitto (EBIT)145milj. USD
+11,0 %v/v
EBIT-marginaali11,2%
−0,0 %-yks.v/v
Nettotulos137milj. USD
+9,2 %v/v
Vapaa kassavirta183milj. USD
+28,2 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

05001 0001 500milj. USD2020: 275 milj. USD2020: EBIT 44 milj. USD20202021: 414 milj. USD2021: EBIT 39 milj. USD20212022: 490 milj. USD2022: EBIT 35 milj. USD20222023: 704 milj. USD2023: EBIT 110 milj. USD20232024: 1 161 milj. USD2024: EBIT 131 milj. USD20242025: 1 290 milj. USD2025: EBIT 145 milj. USD20251 290145
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: GigaCloud Technology Inc

Liiketoiminta

Osuus liikevaihdosta
Marketplace transactions34 %

Platform-based B2B transactions where suppliers and buyers trade large parcel goods and GigaCloud earns fees.

1P product sales57 %

Direct sales of company-owned inventory through the marketplace and third-party ecommerce channels.

Off-platform ecommerce9 %

Sales of owned inventory through third-party ecommerce websites outside the marketplace.

Fulfillment and delivery services0 %

Last-mile delivery, installation and logistics support for bulk merchandise.

Software and SaaS0 %

Cloud-based digital signage and e-catalog management software from the Wonder acquisition.

Tuotteet

Raportoitu · osuus liikevaihdosta
66,8%19,0%FY2025100 %
  • Products66,8 %
  • Last Mile Delivery Service19,0 %
  • Warehousing Service4,5 %
  • Ocean Transportation Service2,9 %
  • Packaging Service2,7 %
  • Muut4,1 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The core customers are manufacturers, mainly in Asia, that use the marketplace as a sales channel, and resellers, mainly in the U.S., Europe and Japan, that buy wholesale large parcel goods for resale. The company also serves end customers indirectly through delivery and installation services, while its 1P and off-platform channels broaden reach across major ecommerce platforms.

Manufacturers / suppliers

Primarily Asian manufacturers that list products on the marketplace to reach global resellers and expand sales channels.

Resellers / wholesale buyers

U.S., European and Japanese resellers that buy large parcel merchandise and value sourcing, logistics and fixed-price fulfillment.

Third-party ecommerce customers

Buyers reached through Amazon, Walmart, Home Depot, Overstock, Wayfair, Rakuten and OTTO via 1P sales.

End customers for delivery and installation

Households and businesses receiving bulk merchandise delivery and installation in supported metro markets.

SaaS users

Customers using Wonder's digital signage and e-catalog management tools, a smaller but adjacent software segment.

Strategia

The company is expanding its end-to-end marketplace model by increasing seller and buyer participation, broadening product categories and improving logistics efficiency. It is also using acquisitions and adjacent services to deepen assortment, add proprietary data and strengthen the value proposition across marketplace, 1P and off-platform channels.

Increase marketplace liquidityLyhyt aikaväli

More sellers and buyers improve selection, transaction volume and platform relevance.

Broaden product categoriesKeskipitkä aikaväli

Expanding beyond furniture reduces dependence on a single end market and increases wallet share.

Strengthen logistics and fulfillmentKeskipitkä aikaväli

Large parcel ecommerce depends on reliable cross-border delivery and installation capabilities.

Invest in technology and AIKeskipitkä aikaväli

Platform efficiency and warehouse optimization are key to scaling without proportionate cost growth.

Maantiede

GigaCloud’s operating model is global: sourcing is centered in mainland China, Vietnam and Malaysia, while buyers are concentrated in the U.S., Europe and Japan. Its logistics footprint includes 35 fulfillment centers in five countries and last-mile delivery coverage in nine U.S. metro markets, so geography directly shapes both service capability and cost structure.

Riskit

The business is exposed to supplier concentration, trade restrictions, logistics disruption and geopolitical friction because it depends on cross-border sourcing and fulfillment. It also faces cybersecurity, platform reliability and seasonality risk, since transaction volumes and customer activity are concentrated in a few peak periods and the platform is central to operations.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Supplier and manufacturer disruption1Trade restrictions and tariffs2Cybersecurity and platform outages3Logistics and freight cost volatility4Seasonality5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Supplier and manufacturer disruptionVaikutus: KorkeaTodennäköisyys: Korkea

    The company relies on third-party suppliers in Asia for both marketplace and owned inventory.

    KohdistuuInventory availabilityQuality controlBrand reputationRevenue continuity
  2. Trade restrictions and tariffsVaikutus: KorkeaTodennäköisyys: Korkea

    Cross-border trade is central to the model and can be affected by policy changes and import costs.

    KohdistuuCross-border sourcingShipping economicsCustomer demand
  3. Cybersecurity and platform outagesVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The marketplace, payment and logistics functions depend on secure IT systems and data transmission.

    KohdistuuTransaction processingCustomer trustOperational continuity
  4. Logistics and freight cost volatilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company depends on shipping, trucking and freight providers for delivery performance.

    KohdistuuGross marginService reliabilityCustomer satisfaction
  5. SeasonalityVaikutus: KeskitasoTodennäköisyys: Matala

    Holiday demand makes the fourth quarter the most active period and can distort quarterly comparisons.

    KohdistuuRevenue timingInventory planningCash flow
Kysy Clarifolta: GigaCloud Technology Inc

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition across multiple streams

Different timing and gross/net presentation issues apply to commissions, shipping fees and product sales.

Vaikutus: Reported revenue mix and margin comparability

Seasonality

Q4 is typically the most active period, which affects quarterly comparability and working capital.

Vaikutus: Quarterly revenue, inventory and cash flow patterns

Lease accounting

The company leases a large fulfillment network across five countries.

Vaikutus: Operating lease liabilities and expense recognition

Acquisition accounting and impairment

Recent acquisitions can add goodwill and intangible assets that require periodic impairment testing.

Vaikutus: Balance sheet values and non-cash charges

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.9.2026

GigaCloud Technology Inc (GCT) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo