Giga Cloud Technology Inc - Understand $gct stock

$GCT Market Cap: $1.037 Billion

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Financial Snapshot

Revenue

$1.110B

TTM

Gross Margin

26.28%

TTM

Net Earnings

$130.4M

TTM

Current Assets

$527.7M

Q3 2024

Current Liabilities

$247.3M

Q3 2024

Current Ratio

213.37%

Q3 2024

Total Assets

$1.073B

Q3 2024

Total Liabilities

$673.0M

Q3 2024

Book Value

$400.4M

Q3 2024

Cash

$217.6M

Q3 2024

P/E

7.954

Nov 29, 2024 EST

Free Cash Flow

$122.8M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019
Revenue	$703.8M	$490.1M	$414.2M	$275.5M	$122.3M
YoY Change	43.62%	18.32%	50.36%	125.26%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019
Revenue	$703.8M	$490.1M	$414.2M	$275.5M	$122.3M
Cost Of Revenue	$515.2M	$407.0M	$324.6M	$200.4M	$100.1M
Gross Profit	$188.6M	$83.11M	$89.60M	$75.12M	$22.19M
Gross Profit Margin	26.8%	16.96%	21.63%	27.27%	18.15%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019
Selling, General & Admin	$71.39M	$46.67M	$50.04M	$30.89M	$17.38M
YoY Change	52.99%	-6.75%	61.98%	77.74%
% of Gross Profit	37.85%	56.15%	55.85%	41.13%	78.31%
Research & Development	$3.925M	$1.426M	$0.00	$0.00
YoY Change	175.25%
% of Gross Profit	2.08%	1.72%	0.0%	0.0%
Depreciation & Amortization	$2.873M	$1.386M	$775.0K	$227.0K	$128.0K
YoY Change	107.29%	78.84%	241.41%	77.34%
% of Gross Profit	1.52%	1.67%	0.86%	0.3%	0.58%
Operating Expenses	$75.32M	$48.09M	$50.24M	$30.93M	$17.39M
YoY Change	56.62%	-4.29%	62.43%	77.85%
Operating Profit	$113.3M	$35.02M	$39.35M	$44.18M	$4.802M
YoY Change	223.54%	-11.0%	-10.93%	820.12%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019
Interest Expense	$4.150M	-$4.950M	-$1.784M	$1.035M	$168.0K
YoY Change	-183.84%	177.47%	-272.37%	516.07%
% of Operating Profit	3.66%	-14.13%	-4.53%	2.34%	3.5%
Other Income/Expense, Net	-$144.0K	$6.000K	$156.0K	$56.00K	-$168.0K
YoY Change	-2500.0%	-96.15%	178.57%	-133.33%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019
Pretax Income	$115.0M	$31.16M	$37.73M	$45.28M	$4.802M
YoY Change	269.0%	-17.39%	-16.68%	842.84%
Income Tax	$20.89M	$7.192M	$8.468M	$7.820M	$1.945M
% Of Pretax Income	18.16%	23.08%	22.45%	17.27%	40.5%
Net Earnings	$94.11M	$23.03M	$8.980M	$12.96M	$2.857M
YoY Change	308.61%	156.47%	-30.7%	353.59%
Net Earnings / Revenue	13.37%	4.7%	2.17%	4.7%	2.34%
Basic Earnings Per Share	$2.31	$0.60	$0.88	$1.36
Diluted Earnings Per Share	$2.30	$0.94	$0.22	$0.32	$0.07

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019
Cash & Short-Term Investments	$183.3M	$143.5M	$63.20M	$61.54M	$5.298M
YoY Change	27.7%	127.11%	2.69%	1061.61%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$18.40M	$9.111M	$6.015M	$8.169M	$4.791M
YoY Change	101.96%	51.47%	-26.37%	70.51%
Inventory	$125.6M	$78.34M	$81.44M	$35.58M	$21.76M
Prepaid Expenses
Receivables	$58.88M	$27.14M	$18.04M	$24.02M	$13.91M
Other Receivables	$0.00	$0.00	$3.729M	$3.060M	$795.0K
Total Short-Term Assets	$386.2M	$258.1M	$172.4M	$132.4M	$46.56M
YoY Change	49.61%	49.71%	30.26%	184.3%
Property, Plant & Equipment	$423.5M	$157.2M	$11.08M	$5.941M	$2.404M
YoY Change	169.39%	1319.6%	86.42%	147.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$9.613M	$3.257M	$3.283M	$33.00K	$535.0K
YoY Change	195.15%	-0.79%	9848.48%	-93.83%
Total Long-Term Assets	$454.1M	$160.5M	$14.36M	$5.974M	$2.939M
YoY Change	182.97%	1017.69%	140.34%	103.27%
Total Assets	$840.3M	$418.6M	$186.8M	$138.3M	$49.50M
YoY Change
Accounts Payable	$63.13M	$31.57M	$25.14M	$18.83M	$14.69M
YoY Change	99.93%	25.59%	33.5%	28.19%
Accrued Expenses	$115.3M	$64.72M	$3.070M	$3.534M	$1.476M
YoY Change	78.12%	2007.98%	-13.13%	139.43%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$207.0K	$2.688M	$1.484M	$0.00
YoY Change	-100.0%	-92.3%	81.13%
Total Short-Term Liabilities	$199.1M	$102.6M	$57.04M	$48.91M	$22.38M
YoY Change	94.02%	79.93%	16.64%	118.49%
Long-Term Debt	$111.0K	$867.0K	$2.582M	$2.549M	$0.00
YoY Change	-87.2%	-66.42%	1.29%
Other Long-Term Liabilities	$346.8M	$119.5M	$1.033M	$0.00
YoY Change	190.32%	11464.18%
Total Long-Term Liabilities	$346.9M	$120.3M	$3.615M	$2.549M	$0.00
YoY Change	188.32%	3228.49%	41.82%
Total Liabilities	$549.9M	$223.4M	$60.95M	$51.57M	$22.38M
YoY Change	146.09%	266.62%	18.17%	130.4%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	40.79M shares	24.41M	10.25M	9.496M
Diluted Shares Outstanding	40.92M shares	24.41M	10.25M	9.496M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.0374 Billion

About GigaCloud Technology Inc

GigaCloud Technology, Inc. specializes in global end-to-end business-to-business (B2B) electronic commerce (e-commerce) for large parcel merchandise. The company is headquartered in El Monte, California and currently employs 1,362 full-time employees. The company went IPO on 2022-08-18. The firm is engaged in the operation of e-commerce platform named GigaCloud Marketplace which integrates product discovery, payments, and logistics tools. The Company’ business areas include global furniture markets, home appliances, fitness equipment and others. In addition, the Company is engaged in the operation of warehouses. The firm also sells its products through third-party e-commerce websites.

Industry: Retail-Catalog & Mail-Order Houses Peers: J-Long Group Ltd