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GigaCloud Technology (GCT) investor relations material
GigaCloud Technology Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Achieved record quarterly revenue of $333 million (up 10% year-over-year) and $0.99 EPS, with strong operational execution and a debt-free balance sheet supporting growth initiatives.
Marketplace GMV rose 21% year-over-year to nearly $1.5 billion, with active 3P sellers up 17% to 1,232 and buyers up 34% to 11,419.
Net income was $37 million (11.2% margin), down from the prior year, while gross profit remained stable at $77 million.
Demonstrated resilience amid global trade uncertainties, a cooling housing market, and wavering consumer confidence.
Strategic focus on portfolio optimization, M&A, and diversification to drive growth and mitigate macroeconomic risks.
Financial highlights
Gross margin was 23.2% for Q3, down from 25.5% a year ago; product margin expanded to 29.9%.
Operating cash flow for Q3 was $78 million; year-to-date net cash from operating activities was $126.3 million.
Cash, equivalents, and investments totaled $367 million as of September 30, 2025, with no debt.
Service revenues declined 2% year-over-year, while product revenue grew 16%, led by 69% growth in Europe.
Adjusted EBITDA for Q3 2025 was $43.4 million; adjusted EPS-diluted was $1.16.
Outlook and guidance
Q4 2025 revenue guidance is $328 million to $344 million, reflecting confidence in growth across all business segments.
Four to six quarters expected for strategic initiatives from the New Classic acquisition to impact financials.
Management expects continued growth in active sellers and buyers through geographic expansion and marketing initiatives.
How do macro challenges affect buyer spend?
What shifts occurred in service revenue mix?
Why change last-mile fulfillment accounting?
New Classic: expected financial impact timeline?
Service margin recovery plan details?
U.S. market strategy to counter domestic softness?
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Next GigaCloud Technology earnings date
Q4 20252 Mar, 2026
Next GigaCloud Technology earnings date
Q4 20252 Mar, 2026
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Frequently asked questions
GigaCloud Technology Inc provides an end-to-end e-commerce platform focusing on large parcel merchandise, such as furniture, appliances, and fitness equipment. Its technology-driven marketplace connects manufacturers, primarily in Asia, with resellers and consumers in markets across North America, Europe, and Asia, offering solutions that encompass warehousing, logistics, and fulfillment. By leveraging its cloud-based infrastructure, GigaCloud facilitates the sale and efficient distribution of bulky goods, optimizing the supply chain for heavy and oversized items. The company is headquartered in Hong Kong, and its shares are listed on NASDAQ.
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