GCT Q1 2024 Earnings — GigaCloud Technology Inc. Revenue & Financial Results | Market Cap Arena

GCTGigaCloud Technology Inc.

$2B

Q1 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$251M+96.5% YoY

Gross Profit

$67M26.5% margin

Operating Income

$35M13.9% margin

Net Income

$27M10.8% margin

EPS (Diluted)

$0.66

QoQ Revenue Growth

+2.6%

Cash Flow

Operating Cash Flow

$15M

Free Cash Flow

$11M

Stock-Based Comp.

$275,000

Balance Sheet

Total Assets

$978M

Total Liabilities

$660M

Stockholders' Equity

$318M

Cash & Equivalents

$185M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$251M	$128M	+96.5%
Gross Profit	$67M	$30M	+125.0%
Operating Income	$35M	$18M	+95.0%
Net Income	$27M	$16M	+70.6%

Revenue Segments

Product

$184M69%

Service

$67M25%

Service, Other

$8M3%

Packaging service

$6M2%

Geographic Segments

UNITED STATES

$140M75%

GERMANY

$29M16%

JAPAN

$10M5%

Others

$4M2%

HONG KONG

$4M2%