GigaCloud Technology Inc
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
View on SEC.govAbout 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.
FY2025 · Filed Feb 26, 2026
GCT$61.77+4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Income
| Year ended December 31, | ||||||
|---|---|---|---|---|---|---|
| Note · 2025 · 2024 · 2023 | ||||||
| Revenues · 2(p), 2(ac), 17 | ||||||
| Service revenues | $428,185 | $389,334 | $235,940 | |||
| Product revenues | 861,712 | 771,708 | 467,891 | |||
| Total revenues | 1,289,897 | 1,161,042 | 703,831 | |||
| Cost of revenues | ||||||
| Services | 384,538 | 318,111 | 191,830 | |||
| Products | 604,693 | 557,695 | 323,368 | |||
| Total cost of revenues | 989,231 | 875,806 | 515,198 | |||
| Gross profit | 300,666 | 285,236 | 188,633 | |||
| Operating expenses | ||||||
| Selling and marketing expenses | 2(r) | 98,203 | 70,686 | 41,386 | ||
| General and administrative expenses | 2(t) | 46,559 | 73,944 | 30,008 | ||
| Research and development expenses | 2(u) | 10,832 | 9,791 | 3,925 | ||
| Losses on disposal of property and equipment | 96 | 193 | 3,236 | |||
| Total operating expenses | 155,690 | 154,614 | 78,555 | |||
| Operating income | 144,976 | 130,622 | 110,078 | |||
| Interest expense | (200) | (256) | (1,240) | |||
| Interest income | 11,729 | 9,405 | 3,304 | |||
| Foreign currency exchange gains (losses), net | 2(z) | 175 | (1,233) | 2,086 | ||
| Others, net | 4,510 | 2,076 | 767 | |||
| Income before income taxes | 161,190 | 140,614 | 114,995 | |||
| Income tax expense | 2(x), 15 | (23,818) | (14,806) | (20,887) | ||
| Net income | $137,372 | $125,808 | $94,108 | |||
| Foreign currency translation adjustment, net of nil income taxes | 1,524 | (1,266) | (278) | |||
| Net unrealized gain (loss) on available-for-sale investments | (4) | 7 | — | |||
| Intra-entity foreign currency transactions gain (loss) | 4,144 | (2,565) | — | |||
| Release of foreign currency translation reserve related to liquidation of subsidiaries | (1) | (838) | — | |||
| Total other comprehensive income (loss) | 5,663 | (4,662) | (278) | |||
| Comprehensive Income | $143,035 | $121,146 | $93,830 | |||
| Net income per ordinary share | ||||||
| —Basic | 2(aa), 16 | $3.60 | $3.06 | $2.31 | ||
| —Diluted | 2(aa), 16 | $3.59 | $3.05 | $2.30 | ||
| Weighted average number of ordinary shares outstanding used in computing net income per ordinary share | ||||||
| —Basic | 16 | 38,158,678 | 41,079,672 | 40,788,448 | ||
| —Diluted | 16 | 38,232,899 | 41,201,026 | 40,922,590 | ||
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