GCT Q2 2024 Earnings — GigaCloud Technology Inc. Revenue & Financial Results | Market Cap Arena

GCTGigaCloud Technology Inc.

$2B

Q2 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$311M+103.0% YoY

Gross Profit

$76M24.6% margin

Operating Income

$28M8.9% margin

Net Income

$27M8.7% margin

EPS (Diluted)

$0.65

QoQ Revenue Growth

+23.8%

Cash Flow

Operating Cash Flow

$19M

Free Cash Flow

$13M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$697M

Stockholders' Equity

$358M

Cash & Equivalents

$186M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$311M	$153M	+103.0%
Gross Profit	$76M	$40M	+89.4%
Operating Income	$28M	$23M	+18.0%
Net Income	$27M	$18M	+46.7%

Revenue Segments

Product

$225M69%

Service

$85M26%

Packaging service

$8M2%

Service, Other

$7M2%

Geographic Segments

UNITED STATES

$169M74%

GERMANY

$40M17%

JAPAN

$11M5%

Others

$6M3%

HONG KONG

$4M2%