GigaCloud Technology Inc. reported a strong fourth quarter and full year 2025, driven by record revenues and EPS. The company demonstrated resilience and adaptability in its global operations, expanding its marketplace and executing its growth strategy effectively.
Total revenues increased 22.7% year-over-year to $362.7 million in Q4 2025.
positiveFull year 2025 revenues grew 11.1% year-over-year to $1,289.9 million.
positiveDiluted EPS increased 36.8% year-over-year to $1.04 in Q4 2025.
positiveFull year 2025 diluted EPS increased 17.7% year-over-year to $3.59.
positiveGross margin improved to 22.9% in Q4 2025 from 22.0% in Q4 2024.
positivePositive operating cash flow of $64 million in Q4 2025.
positiveYear-end liquidity of $417 million in cash, cash equivalents, restricted cash and investments.
positiveGigaCloud Marketplace GMV increased 17.5% year-over-year to $1,576.8 million for the full year 2025.
positiveFull year 2025 gross margin decreased to 23.3% from 24.6% in 2024.
attentionFull year 2025 net income margin decreased to 10.6% from 10.8% in 2024.
attentionInventories increased by $15.8 million year-over-year, from $172.5 million to $188.3 million.
attentionSelling and marketing expenses increased significantly by 39.0% year-over-year in Q4 2025 ($29.4M vs $18.0M).
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Closed out an exceptional year with record revenues and EPS, a validation of the strength and intentionality behind our growth strategy.
Our model is built for global adaptability — designed to perform even in challenging environments.
By expanding our footprint, scaling our marketplace, and executing targeted acquisitions that deepen our channel-agnostic ecosystem, we have built a business for resilience and accelerating potential.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.