GCT (GigaCloud Technology Inc.) Stock Financials & Earnings | Market Cap Arena

GCT (GigaCloud Technology Inc.) Stock Financials & Earnings | Market Cap Arena

GCTGigaCloud Technology Inc.

Mkt Cap$2B

Technology·Software - Infrastructure·🇨🇳 China·NASDAQ

Revenue (TTM)$1.3B

Net Income (TTM)$137M

EPS (TTM)$3.59

Free Cash Flow (TTM)$183M

Gross Margin23.3%

Op. Margin11.2%

Net Margin10.6%

FCF Margin14.2%

P/S Ratio (TTM)1.3x

P/E Ratio (TTM)12.2x

YoY Rev Growth+11.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$128M	$30M	$18M
Q2 23	$153M	$40M	$23M
Q3 23	$178M	$49M	$32M
Q4 23	$245M	$70M	$37M
Q1 24	$251M	$67M	$35M
Q2 24	$311M	$76M	$28M
Q3 24	$303M	$77M	$41M
Q4 24	$296M	$65M	$28M
Q1 25	$272M	$64M	$28M
Q2 25	$323M	$77M	$36M
Q3 25	$333M	$77M	$41M
Q4 25	$363M	$83M	$40M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.3x	47.5x
Q2 23	3.1x	35.2x
Q3 23	2.9x	23.5x
Q4 23	2.4x	17.8x
Q1 24	2.0x	15.9x
Q2 24	1.7x	14.7x
Q3 24	1.5x	12.8x
Q4 24	1.4x	13.3x
Q1 25	1.4x	13.3x
Q2 25	1.4x	12.5x
Q3 25	1.4x	12.9x
Q4 25	1.3x	12.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$20M	$20M
Q2 23	$18M	$18M
Q3 23	$44M	$43M
Q4 23	$51M	$47M
Q1 24	$15M	$11M
Q2 24	$19M	$13M
Q3 24	$55M	$51M
Q4 24	$68M	$67M
Q1 25	$9M	$7M
Q2 25	$39M	$37M
Q3 25	$78M	$77M
Q4 25	$64M	$62M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$137K
Q2 23	$21K
Q3 23	$665K
Q4 23	$4M
Q1 24	$4M
Q2 24	$6M
Q3 24	$4M
Q4 24	$1M
Q1 25	$2M
Q2 25	$2M
Q3 25	$1M
Q4 25	$3M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+13.7%	+4.7%
Q2 23	+23.5%	+12.0%
Q3 23	+39.2%	+18.4%
Q4 23	+94.8%	+87.8%
Q1 24	+96.5%	+96.7%
Q2 24	+103.0%	+118.3%
Q3 24	+70.2%	+79.3%
Q4 24	+20.9%	+29.2%
Q1 25	+8.3%	+12.6%
Q2 25	+3.8%	+1.2%
Q3 25	+9.7%	+11.2%
Q4 25	+22.6%	+20.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$247K	0.2%
Q2 23	$2M	1.0%
Q3 23	$317K	0.2%
Q4 23	$429K	0.2%
Q1 24	$275K	0.1%
Q2 24	$14M	4.5%
Q3 24	$1M	0.5%
Q4 24	$1M	0.4%
Q1 25	$1M	0.5%
Q2 25	$3M	0.9%
Q3 25	$349K	0.1%
Q4 25	$349K	0.1%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$672K	$4M	$7M
Q2 23	$532K	$7M	$10M
Q3 23	$377K	$11M	$6M
Q4 23	$2M	$32M	—
Q1 24	$2M	$17M	$9M
Q2 24	$3M	$26M	$19M
Q3 24	$3M	$15M	$19M
Q4 24	$2M	$24M	$11M
Q1 25	$2M	$14M	$19M
Q2 25	$3M	$25M	$13M
Q3 25	$3M	$7M	$25M
Q4 25	$3M	$308K	$41M

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	13.7%	14.3%	27.9
Q2 23	23.5%	15.5%	39.0
Q3 23	39.2%	17.1%	56.3
Q4 23	94.8%	18.3%	113.1
Q1 24	96.5%	14.8%	111.2
Q2 24	103.0%	10.0%	113.0
Q3 24	70.2%	16.5%	86.7
Q4 24	20.9%	11.1%	31.9
Q1 25	8.3%	12.7%	21.0
Q2 25	3.8%	13.4%	17.1
Q3 25	9.7%	13.9%	23.6
Q4 25	22.6%	12.7%	35.3

Revenue Segments

Quarter	Packaging service	Product	Service	Service, Other	Packaging Service
Q2 24	$8M	$225M	$85M	$7M	—
Q1 25	$7M	$178M	$94M	$5M	—
Q2 25	—	$226M	$97M	$5M	$8M
Q3 25	—	$224M	$108M	$6M	$9M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$163M	$0	$163M
Q2 23	$182M	$0	$182M
Q3 23	$214M	$0	$214M
Q4 23	$183M	$0	$183M
Q1 24	$185M	$10M	$195M
Q2 24	$186M	$22M	$208M
Q3 24	$218M	$42M	$260M
Q4 24	$260M	$43M	$302M
Q1 25	$252M	$35M	$287M
Q2 25	$240M	$63M	$303M
Q3 25	$335M	$31M	$366M
Q4 25	$380M	$36M	$416M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	41M	+0.1%
Q2 23	41M	+0.6%
Q3 23	41M	-0.2%
Q4 23	41M	+0.1%
Q1 24	41M	+0.1%
Q2 24	41M	+1.1%
Q3 24	41M	-0.0%
Q4 24	41M	-1.1%
Q1 25	40M	-2.0%
Q2 25	38M	-5.1%
Q3 25	38M	-1.3%
Q4 25	38M	+1.7%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	$641K	764
FY 23	$517K	1K
FY 24	$744K	2K
FY 25	$826K	2K