GigaCloud Technology Inc

For the period ended Dec 31, 2024. Filed Mar 3, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 3, 2025

GCT$61.77+4.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets

	December 31,
Note · 2024 · 2023
ASSETS
Current assets
Cash and cash equivalents	2(g)	$259,759		$183,283
Restricted cash	2(h)	685		885
Investments	2(ad)	42,674		—
Accounts receivable, net	2(i),4	57,313		58,876
Inventories	2(j),5	172,489		132,247
Prepayments and other current assets	6	14,672		17,516
Total current assets		547,592		392,807
Non-current assets
Operating lease right-of-use assets	2(p),11	451,930	398,922
Property and equipment, net	2(k), 2(ae),7	29,498	24,614
Intangible assets, net	2(o),8	6,198	8,367
Goodwill	2(n),8	12,586	12,586
Deferred tax assets	2(z),15	10,026	1,440
Other non-current assets		12,645	8,173
Total non-current assets		522,883		454,102
Total assets		$1,070,475		$846,909

	December 31,
	Note	2024	2023
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable (including accounts payable of VIEs without recourse to the Company of $nil and $11,563 as of December 31, 2024 and 2023, respectively)	9	$78,163	$69,757
Contract liabilities (including contract liabilities of VIEs without recourse to the Company of $nil and $736 as of December 31, 2024 and 2023, respectively)	2(i), 17	4,486	5,537
Current operating lease liabilities (including current operating lease liabilities of VIEs without recourse to the Company of $nil and $1,305 as of December 31, 2024 and 2023, respectively)	2(p), 11	88,521	57,949
Income tax payable (including income tax payable of VIEs without recourse to the Company of $nil and $3,644 as of December 31, 2024 and 2023, respectively)	2(z), 15	13,615	15,212
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of VIEs without recourse to the Company of $nil and $2,774 as of December 31, 2024 and 2023, respectively)	10	79,594	57,319
Total current liabilities		264,379	205,774
Non-current liabilities
Operating lease liabilities, non-current (including operating lease liabilities, non-current of VIEs without recourse to the Company of $nil and $553 as of December 31, 2024 and 2023, respectively)	2(p), 11	395,235	343,511
Deferred tax liabilities	2(z), 15	941	3,795
Finance lease obligations, non-current	2(p), 11	382	111
Non-current income tax payable	2(z), 15	4,321	3,302
Total non-current liabilities		400,879	350,719
Total liabilities		$665,258	$556,493
Commitments and contingencies	2(f), 18

	December 31,
Note · 2024 · 2023
Shareholders’ equity
Treasury shares, at cost (609,390 and 294,029 shares held as of December 31, 2024 and 2023, respectively)	12	$(11,816)		$(1,594)
Class A ordinary shares ($0.05 par value, 50,673,268 shares authorized, 32,878,735 and 31,738,632 shares issued as of December 31, 2024 and 2023, respectively, 32,269,345 and 31,455,148 shares outstanding as of December 31, 2024 and 2023, respectively)	12, 13	1,643	1,584
Class B ordinary shares ($0.05 par value, 9,326,732 shares authorized, 8,076,732 and 9,326,732 shares issued and outstanding as of December 31, 2024 and 2023)	12, 13	403	466
Additional paid-in capital		120,262		111,736
Accumulated other comprehensive income (loss)		(4,136)		526
Retained earnings		298,861		177,698
Total shareholders’ equity		405,217		290,416
Total liabilities and shareholders’ equity		$1,070,475		$846,909

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.