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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Changes in Shareholders’ Equity

Note · Class Aordinary shares · Class Bordinary shares · Treasury shares · Additional paid-in capital · Accumulated other comprehensive income · Retained earnings · Totalshareholders' equity
Number of ordinary shares · Number of ordinary shares · Number of ordinary shares
Balance as of January 1, 2024		31,455,148		$1,584		9,326,732		$466		294,029			$(1,594)			$111,736				$526				$177,698	$290,416
Net income		—		—		—		—		—			—		—			—			125,808		125,808
Share-based compensation	13	584,117	29		—		—		(34,171)			—		16,869		—			—			16,898
Exercise of warrants	14	13,372		1		—		—		—			—		(1)			—			—			—
Re-designated ordinary shares from Class B to Class A	12	1,250,000		63		(1,250,000)		(63)		—			—		—			—			—			—
Share repurchase	12	(1,033,292)		—		—		—		1,033,292			(23,243)		—			—			—			(23,243)
Foreign currency translation adjustment, net of nil income taxes		—		—		—		—		—			—		—			(1,266)		—			(1,266)
Net unrealized gain on available-for-sale investments	2(ad)	—		—		—		—		—			—		—			7			—			7
Intra-entity foreign currency transactions gain (loss)		—		—		—		—		—			—		—			(2,565)		—			(2,565)
Release of foreign currency translation reserve related to liquidation of subsidiaries		—		—		—		—		—			—		—			(838)		—			(838)
Retirement of shares	12	—		(34)	—		—		(683,760)		13,021		(8,342)	—			(4,645)		—
Balance as of December 31, 2024		32,269,345		$1,643		8,076,732		$403		609,390			$(11,816)			$120,262				$(4,136)				$298,861	$405,217

Note · Class Aordinary shares · Class Bordinary shares · Treasury shares · Subscription receivable from ordinary shares · Additional paid-in capital · Accumulated other comprehensive income · Retained earnings · Totalshareholders' equity
Number of ordinary shares · Number of ordinary shares · Number of ordinary shares
Balance as of January 1, 2023		31,357,814	$1,568		9,326,732		$466			4,624,039		$(231)		$(81)		$109,049		$804		$83,590			$195,165
Net income		—		—		—			—			—		—		—		—		—			94,108		94,108
Shares issued for share-based compensation		—		—		—			—			68,283		—		—		—		—			—			—
Share-based compensation	13	312,535	16		—			—			(4,613,494)		231		81		2,687		—		—			3,015
Share repurchase	12	(215,201)		—		—			—			215,201		(1,594)		—		—		—			—			(1,594)
Foreign currency translation adjustment, net of nil income taxes		—		—		—			—			—		—		—		—		(278)		—			(278)
Balance as of December 31, 2023		31,455,148	$1,584		9,326,732		$466			294,029		$(1,594)		$—		$111,736		$526		$177,698			$290,416

Note · Class Aordinary shares · Class Bordinary shares · Ordinary shares · Treasury shares · Subscriptionreceivablefromordinaryshares · Preferred Shares · Additionalpaid-in capital · Accumulatedothercomprehensiveincome (loss) · Retainedearnings · Totalshareholders’equity
Number ofordinaryshares · Number ofordinaryshares · Number ofordinaryshares · Number ofordinaryshares · Number ofpreferredshares
Balance as of January 1, 2022		—	$—	—	$—	11,082,930	$554	—	$—	$(79)	17,428,266	$872	$37,439	$(165)	$60,559	$99,180
Net income		—	—	—	—	—	—	—	—	—	—	—	—	—	23,972	23,972
Share-based compensation	12, 13, 14	—	—	—	—	—	—	—	—	—	—	—	9,893	—	—	9,893
Exercise of vested restricted shares	13	—	—	—	—	—	—	(141,864)	7	—	—	—	1,054	—	—	1,061
Accretion of Series E Preferred Shares		—	—	—	—	—	—	—	—	—	—	—	—	—	(941)	(941)
Issuance of ordinary shares to the former chief financial officer	12	—	—	—	—	26,738	2	—	—	(2)	—	—	—	—	—	—
Issuance of ordinary shares to the Trust Holdcos	12	—	—	—	—	4,765,903	238	4,765,903	(238)	—	—	—	—	—	—	—
Issuance of Class A ordinary shares upon the IPO	12, 13	3,381,000	169	—	—	—	—	—	—	—	—	—	33,269	—	—	33,438
Re-designating ordinary shares to Class B ordinary shares	12	—	—	7,755,689	388	(7,755,689)	(388)	—	—	—	—	—	—	—	—	—
Re-designating ordinary shares to Class A ordinary shares	12	8,119,882	406	—	—	(8,119,882)	(406)	—	—	—	—	—	—	—	—	—
Conversion of Preferred Shares to Class B ordinary shares	12	—	—	1,571,043	78	—	—	—	—	—	(1,571,043)	(78)	—	—	—	—
Conversion of Preferred Shares to Class A ordinary shares	12	15,857,223	794	—	—	—	—	—	—	—	(15,857,223)	(794)	—	—	—	—
Conversion of Series E Preferred Shares to Class A ordinary shares	12	3,999,709	199	—	—	—	—	—	—	—	—	—	27,394	—	—	27,593
Foreign currency translation adjustment, net of nil income taxes		—	—	—	—	—	—	—	—	—	—	—	—	969	—	969
Balance as of December 31, 2022		31,357,814	$1,568	9,326,732	$466	—	$—	4,624,039	$(231)	$(81)	—	$—	$109,049	$804	$83,590	$195,165

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.