GCTGigaCloud Technology Inc.

$2B

Q3 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$303M+70.2% YoY

Gross Profit

$77M25.5% margin

Operating Income

$41M13.4% margin

Net Income

$41M13.4% margin

EPS (Diluted)

$0.98

QoQ Revenue Growth

-2.4%

Cash Flow

Operating Cash Flow

$55M

Free Cash Flow

$51M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$673M

Stockholders' Equity

$400M

Cash & Equivalents

$218M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$303M	$178M	+70.2%
Gross Profit	$77M	$49M	+58.1%
Operating Income	$41M	$32M	+28.5%
Net Income	$41M	$24M	+68.1%

Revenue Segments

Product

$203M64%

Service

$100M31%

Service, Other

$8M2%

Packaging service

$7M2%

Geographic Segments

UNITED STATES

$138M67%

GERMANY

$47M23%

JAPAN

$12M6%

Others

$6M3%

HONG KONG

$4M2%

GCT Q3 2024 Earnings — GigaCloud Technology Inc. Revenue & Financial Results | Market Cap Arena