Gorilla Technology Group Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Gorilla Technology Group 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
Revenue
45.4
42.2
22.4
64.7
74.7
Cost of revenue
26.9
26.5
14.1
20
37.4
Gross profit
18.6
15.8
8.34
44.7
37.3
Research and development
14.3
15.1
14.1
3.7
2.11
Selling, general and administrative
0.2
0.02
0.02
0.15
0.26
Operating income
-5.69
-8.16
-86.5
17.1
-66.9
Interest expense
0.46
-0.67
0.84
0.82
0.73
Interest income
0.16
0.04
0.24
Pre-tax income
6
8.79
-87.1
17
-66.1
Income tax
0.43
3.52
-1.31
Net income
-5.92
-8.55
-87.5
13.5
-64.8
EBITDA
-8.12
-86.5
17.1
EPS, basic
-1.99
-2.88
-17.83
1.92
-6.13
EPS, diluted
-1.99
-2.88
-17.83
1.64
-6.13
Balance sheet
FY2020
FY2022
FY2022
FY2023
FY2024
Cash and equivalents
12.2
9.94
23
5.31
21.7
Short-term investments
1.11
Receivables
34.8
14
1.45
25.7
Inventory
0.15
0.07
0.02
0.01
Total current assets
55.8
47.8
77.5
127
Property, plant and equipment
34.4
16.1
15.9
14.9
Lease right-of-use assets
0.12
0.02
0.05
0.51
Intangible assets
3.42
0.06
5.87
2.93
Total assets
94.9
65.3
115
154
Accounts payable
8.06
6.67
11
26
Short-term debt
23
13.5
16.4
15.1
Total current liabilities
38
28.3
54.3
75.3
Lease liabilities
0.07
0.02
0.58
Total liabilities
49
36.7
61.3
80.7
Total debt
10.8
8.25
Retained earnings
-9.45
-97
-83.4
-148
Shareholders' equity
45.9
28.5
54.2
73.1
Total equity
53.5
45.9
28.5
54.2
73.1
Total liabilities and equity
94.9
65.3
115
154
Cash flow statement
FY2020
FY2022
FY2022
FY2023
FY2024
Net income
-5.92
-8.55
-87.5
13.5
-64.8
Depreciation and amortization
0.03
0.04
0.02
Stock-based compensation
0.14
0.38
0.35
Cash from operations
-1.95
1.62
-8.77
-9.43
-29.6
Capital expenditures
-4.12
-7.5
-2.94
-0.3
-0.54
Cash from investing
-7.73
-9.91
-1.93
-38.7
16.6
Debt issued
1.18
6.15
3.45
1.56
Stock issued
32.3
Cash from financing
3.88
5.99
23.6
29.7
28
Exchange rate effect
0.32
0.09
0.14
0.7
1.43
Net change in cash
-5.48
-2.21
13.1
-17.7
16.4
Free cash flow
-6.07
-5.87
-11.7
-9.73
-30.2
Interest paid
0.69
0.67
0.96
Income taxes paid
0
0.02
0.07
Key metrics
Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $14.01 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
50.0%
Gross profit / revenue.
Operating margin
-89.6%
Operating income / revenue.
Pre-tax margin
-88.5%
Pre-tax income / revenue.
Net margin
-86.8%
Net income / revenue.
FCF margin
-40.4%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-39.7%
Cash from operations / revenue.
Return on equity (ROE)
-101.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-48.1%
Net income / average total assets.
Return on invested capital (ROIC)
-105.5%
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
2.8%
Research and development expense / revenue.
SG&A / revenue
0.4%
Selling, general and administrative expense / revenue.
Capex / revenue
0.7%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
15.4%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
20.9%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-16.6%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
33.2%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y
-492.4%
Operating income vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-580.1%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-473.8%
EPS vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
35.0%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
16.8%
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
33.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
17.4%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.68x
Current assets / current liabilities.
Quick ratio
0.63x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.29x
(Cash + short-term investments) / current liabilities.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$6.13
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.
EPS, basic
-$6.13
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$388.9M
Share price x shares outstanding.
Enterprise value
$367.2M
Market cap + total debt - cash - short-term investments.
P/S
5.21x
Market cap / revenue.
P/B
5.32x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
5.54x
Market cap / tangible book value, when positive.
EV/Sales
4.92x
Enterprise value / revenue.
FCF yield
-7.8%
Free cash flow / market cap.
Earnings yield
-16.7%
Net income / market cap (the inverse of P/E).
What was Gorilla Technology Group Inc.'s revenue in fiscal 2024?
Gorilla Technology Group Inc. reported revenue of $74.7M for fiscal 2024, 15.4% higher than the year before.
Was Gorilla Technology Group Inc. profitable in fiscal 2024?
No. It reported a net loss of $64.8M.
How much free cash flow did Gorilla Technology Group Inc. generate in fiscal 2024?
Cash from operations of $29.6M minus capital expenditures of $542.6K left free cash flow of -$30.2M.
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.