GigaCloud Technology Inc financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data GigaCloud Technology Inc files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Revenue	275	414	490	704	1,161	1,290
Gross profit	75.1	89.6	83.1	189	285	301
Research and development	0	0	1.43	3.93	9.79	10.8
Selling and marketing	22.2	25.7	24	41.4	70.7	98.2
General and administrative	8.72	24.5	22.6	30	73.9	46.6
Operating expenses	30.9	50.2	48.1	78.6	155	156
Operating income	44.2	39.4	35	110	131	145
Interest expense	0.05	0.31	0.57	1.24	0.26	0.2
Interest income			0.47	3.3	9.41	11.7
Other non-operating income	0.06	0.16	0.01	0.77	2.08	4.51
Pre-tax income	45.3	37.7	31.2	115	141	161
Income tax	7.82	8.47	7.19	20.9	14.8	23.8
Net income	37.5	29.3	24	94.1	126	137
EBITDA	44.4	40.1	36.4	113	139	153
EPS, basic	1.36	0.88	0.60	2.31	3.06	3.60
EPS, diluted	1.36	0.88	0.60	2.30	3.05	3.59
Shares, basic (weighted)	9.5	10.2	24.4	40.8	41.1	38.2
Shares, diluted (weighted)	9.5	10.2	24.4	40.9	41.2	38.2

Balance sheet

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	62.2	63.2	144	183	260	380
Short-term investments				0	42.7	36.3
Receivables		18	27.1	58.9	57.3	66
Inventory		81.4	78.3	132	172	188
Other current assets		0.3	1.05	1.82	1.78	2.79
Total current assets		172	258	393	548	691
Property, plant and equipment		11.1	13.1	24.6	29.5	32.3
Lease right-of-use assets			144	399	452	431
Goodwill			0	12.6	12.6	12.6
Intangible assets		0	0	8.37	6.2	4.98
Other non-current assets		3.21	3.18	8.17	12.6	17.5
Total assets		187	419	847	1,070	1,202
Accounts payable		25.1	31.6	69.8	78.2	105
Accrued liabilities		19.7	3.96	7.11	8.28	9.86
Deferred revenue		3.69	2	5.54	4.49	6.46
Short-term debt		0.35	0.21	0
Total current liabilities		57	103	206	264	342
Long-term debt		0.24	0	0
Lease liabilities			117	344	395	368
Total liabilities		60.9	223	556	665	717
Total debt		0.58	0.21	0
Paid-in capital		37.4	109	112	120	88.7
Retained earnings		60.6	83.6	178	299	401
Treasury stock			-0.23	-1.59	-11.8	-7.13
Other comprehensive income		-0.17	0.8	0.53	-4.14	1.53
Shareholders' equity		99.2	195	290	405	486
Total equity	61.6	99.2	195	290	405	486
Total liabilities and equity		187	419	847	1,070	1,202
Shares outstanding	9.5	11.1		9.33

Cash flow statement

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Net income	37.5	29.3	24	94.1	126	137
Depreciation and amortization	0.23	0.78	1.39	2.87	8.52	8.33
Stock-based compensation	0	9.68	9.2	2.5	16.8	4.95
Deferred income tax	0.62	0.13	0.18	0.4	-11.4	-3.1
Change in receivables	-10.1	5.9	-9.16	-5.06	-0.23	-5.77
Change in inventory	-13.9	-47.1	2.79	-16.5	-46.9	-11.5
Change in payables	4.14	6.31	6.62	26
Cash from operations	33.3	8.56	49.7	133	158	191
Capital expenditures	-0.65	-1.83	-0.71	-4.38	-15.5	-7.87
Acquisitions		0	0	-86.6	0	0
Purchases of investments			0	0	-73.8	-94.7
Cash from investing	-0.65	-1.83	-0.71	-90.5	-55.4	-5.09
Share buybacks	-2.44	0	0	-1.59	-23.2	-67.4
Cash from financing	23.3	-2.96	31.9	-4	-25	-67.8
Exchange rate effect			0.38	0.19	-1.41
Net change in cash	56.6	1.67	81.2	39.1	76.3	120
Free cash flow	32.6	6.73	48.9	129	143	183
Interest paid	0.05	0.31	0.57	1.24
Income taxes paid	1.66	7.02	8.54	9.51	26.3	23.5

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $53.98 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	24.0%	Gross profit / revenue.
Operating margin	11.6%	Operating income / revenue.
EBITDA margin	12.2%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	12.5%	Pre-tax income / revenue.
Net margin	10.6%	Net income / revenue.
FCF margin	10.7%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	11.5%	Cash from operations / revenue.
Effective tax rate	14.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	29.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	12.3%	Net income / average total assets.
Return on invested capital (ROIC)	72.8%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	0.7%	Research and development expense / revenue.
Stock-based pay / revenue	0.8%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.8%	Capital expenditures / revenue.
D&A / revenue	0.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	11.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	38.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	36.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	5.4%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	53.5%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	32.0%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	11.0%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	60.6%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	26.8%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	10.2%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	61.5%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	28.1%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	9.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	78.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	29.7%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	17.7%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	81.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	21.4%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	20.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	56.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	41.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	28.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	55.1%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	41.1%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	19.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	35.5%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y	12.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	42.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y	-7.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	16.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	32.1%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.09x	Current assets / current liabilities.
Quick ratio	1.34x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.08x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	58.1%	Total liabilities / total assets.
Interest coverage	460x	Operating income / interest expense.
Working capital	$380.9M	Current assets - current liabilities.
Goodwill and intangibles / assets	1.4%	(Goodwill + intangible assets) / total assets.
Tangible book value	$516.5M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.15x	Revenue / average total assets.
Fixed asset turnover	38.7x	Revenue / average property, plant and equipment.
Receivables turnover	16.0x	Revenue / average receivables.
Days sales outstanding	23 days	365 x average receivables / revenue.
FCF conversion	101.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	6.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$4.27	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$40.13	Revenue / diluted weighted shares.
FCF per share	$4.31	Free cash flow / diluted weighted shares.
Operating cash flow per share	$4.63	Cash from operations / diluted weighted shares.
Book value per share	$14.61	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$14.13	Tangible book value / shares outstanding.
Cash per share	$10.34	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$1.93B	Share price x shares outstanding.
Enterprise value	$1.55B	Market cap + total debt - cash - short-term investments.
P/E	12.3x	Market cap / net income. Only when net income is positive.
P/S	1.31x	Market cap / revenue.
P/B	3.61x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	3.73x	Market cap / tangible book value, when positive.
P/FCF	12.2x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	11.4x	Market cap / cash from operations, when positive.
EV/Sales	1.06x	Enterprise value / revenue.
EV/EBIT	9.07x	Enterprise value / operating income, when both are positive.
EV/EBITDA	8.64x	Enterprise value / EBITDA, when both are positive.
EV/FCF	9.83x	Enterprise value / free cash flow, when both are positive.
FCF yield	8.2%	Free cash flow / market cap.
Earnings yield	8.1%	Net income / market cap (the inverse of P/E).
PEG	0.15x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was GigaCloud Technology Inc's revenue in fiscal 2025?

GigaCloud Technology Inc reported revenue of $1.29B for fiscal 2025, 11.1% higher than the year before.

Was GigaCloud Technology Inc profitable in fiscal 2025?

Yes. Net income was $137.4M, a net margin of 10.6%.

How much free cash flow did GigaCloud Technology Inc generate in fiscal 2025?

Cash from operations of $190.7M minus capital expenditures of $7.9M left free cash flow of $182.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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