Gigacloud Technology Inc
gigacloudtech.comWhat Do They Do?
Sells furniture, appliances and fitness equipment through its marketplace and third-party ecommerce sites, and connects manufacturers with resellers through cross-border logistics.
10-K for FY2025, filed Feb 26, 2026We are a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise. Our B2B ecommerce platform, which we refer to…View ↗
To enhance our marketplace experience, we sell our own products, or 1P products, through the GigaCloud Marketplace and to and through…View ↗
GigaCloud 3P: generates service revenues, including platform commission, ocean transportation service, drayage service, warehousing…View ↗
In addition to facilitating transactions in our GigaCloud Marketplace, we also procure highly rated products directly from manufacturers…View ↗
How Do They Make Money?
Product sales bring in money when buyers purchase inventory through the marketplace and third-party ecommerce sites; marketplace sellers and buyers also pay transaction commissions and fees for freight, storage, packaging and delivery. Revenue is earned either at a point in time or over time.
10-K for FY2025, filed Feb 26, 2026Through GigaCloud 3P, we derive service revenues through the various activities of sellers and buyers in our GigaCloud Marketplace, which…View ↗
Through GigaCloud 1P, we further enhance our marketplace experience by selling our own inventory. Our 1P business creates additional…View ↗
In addition to facilitating transactions in our GigaCloud Marketplace, we also procure highly rated products directly from manufacturers…View ↗
The Group’s revenues are disaggregated by major products/services lines and timing of revenue recognition. Detailed information is…View ↗
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10-K for FY2025, filed Feb 26, 2026
FY2025 revenue by product or service ↗
$1.3B
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10-K for FY2025, filed Feb 26, 2026
$1.3B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Total service revenues
Usage-based
|
33%
FY2022: 29%
|
Total service revenues, FY2025
$428.2M Sources
|
Usage-based |
|
Product revenues
Sold outright
10-K for FY2025, filed Feb 26, 2026 |
67%
FY2022: 71%
|
Product revenues, FY2025
$861.7M Sources
|
Sold outright |
Who Are Their Customers?
Manufacturers, mainly in Asia, list goods in the marketplace, where resellers mainly in the U.S., Europe and Japan buy; the company also sells its inventory through third-party ecommerce sites.
10-K for FY2025, filed Feb 26, 2026We built the GigaCloud Marketplace to democratize access and distribution globally so that manufacturers, who are typically sellers in our…View ↗
In addition to facilitating transactions in our GigaCloud Marketplace, we also procure highly rated products directly from manufacturers…View ↗
In 2025, 2024 and 2023, GigaCloud Marketplace had 1,299, 1,111 and 815 active 3P sellers, respectively, and 12,089, 9,306 and 5,010 active…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 11 cents of every revenue dollar as net income in FY2025 and turned 14 cents into free cash flow.
10-K for FY2025, filed Feb 26, 2026
$145MView ↗
10-K for FY2025, filed Feb 26, 2026
$137.4MView ↗
10-K for FY2025, filed Feb 26, 2026
$182.8MView ↗
How Are They Changing?
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Aug 6, 2026
Sets third-quarter revenue outlook
It expects third-quarter revenue of $375 million to $400 million.
Sources
8-K, filed Aug 6, 2026
The Company expects its total revenues to be between $375 million and $400 million in the third quarter of 2026. This forecast reflects the…View ↗
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Mar 3, 2026
Changes independent auditor
The audit committee dismissed KPMG and approved Grant Thornton, subject to acceptance and engagement steps.
Sources
8-K, filed Mar 3, 2026
On March 2, 2026, the Audit Committee of the Board of Directors (the “Audit Committee”) of GigaCloud Technology Inc (the “Company”)…View ↗
Growing. Revenue grew 3.1x in 4 years, from $414.2M in FY2021 to $1.3B in FY2025, about 33% a year.
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