业务进展情况 经济观察网 截至2026年2月15日，根据公开信息，大健云仓（GCT.US）近期未披露新的重大事件公 告。值得关注的动态主要基于近期股价表现、历史业绩及已知的公司计划： 股票近期走势 2026年2月5日至11日，股价区间累计下跌4.93%，振幅达10.64%，单日成交额均超1000万美元，流动性 较高但波动显著。 股权结构显示创始人吴雷持股集中，且其在2026年1月出售6万股股票，内部人士变动可能持续影响市场 情绪。 业绩经营情况 2025年第三季度财报显示营收创纪录达3.326亿美元，但净利润同比下降8.6%，毛利率下滑至23.2%。 来源：经济观察网 公司计划以1800万美元现金收购New Classic Home Furnishings，以强化美国分销网络，此事项后续进展 值得关注。 公司基本面 截至2026年1月9日，该股过去60日累计上涨52.83%，年初至1月9日涨6.42%，但近期波动加剧。公司作 为大宗商品B2B电商平台，其第三方卖家GMV增长24.4%，活跃买家数量增至11419名。 以上内容基于公开资料整理，不构成投资建议。 ...

Core Viewpoint - GigaCloud Technology Inc. (GCT) is being revisited ahead of its Q4 earnings report scheduled for March 2, indicating a focus on potential investment opportunities and performance evaluation [1]. Group 1 - The company is positioned as a long-term investment, with a typical investment horizon of 5-10 years, suggesting a strategy that favors stability and growth over time [1]. - The investment approach emphasizes a diversified portfolio that includes growth, value, and dividend-paying stocks, with a particular inclination towards value stocks [1]. - The company occasionally engages in options trading, indicating a strategy that may involve risk management and additional income generation [1].

经济观察网 大健云仓近期发布2025年第四季度营收指引，并计划收购一家美国家具公司以强化其分销 网络。 业绩经营情况 公司计划以1800万美元现金收购New Classic Home Furnishings，以强化美国分销网络，完善B2B生态。 公司预计第四季度营收将在3.28亿至3.44亿美元之间，具体财报发布日程需以官方公告为准。 公司项目推进 以上内容基于公开资料整理，不构成投资建议。 ...

经济观察网 基于公开信息，大健云仓（GCT.US）近期值得关注的事件主要围绕其财务业绩、战略扩张 和资本运作等方面。以下内容整理自近期公告和报告，但请注意事件可能已发生或仍在进展中，具体时 间请以官方公告为准。 业绩经营情况 欧洲市场扩张：公司在德国新增履约中心，欧洲市场GMV同比增长59%，未来区域增长势头可能持 续。 资金动向 股票回购计划：公司于2025年8月宣布1.11亿美元回购计划，资金来源于现金储备（截至2025年9月末为 3.666亿美元）。回购节奏可能影响市场情绪。 股票近期走势 2026年1月交易数据显示股价波动，如1月7日股价报42.32美元，单日涨3.35%；1月9日成交额1925.59万 美元，较前日减少29.74%。日常交易动态可通过实时行情工具追踪。 2025年第四季度及全年财报：根据2025年第三季度财报，公司预计第四季度营收区间为3.28亿至3.44亿 美元。全年业绩通常在新财年初公布，投资者可关注公司官方日程。 历史业绩亮点：2025年第三季度营收创纪录达3.326亿美元，同比增长9.7%；每股收益0.99美元，超市 场预期。平台过去12个月GMV增至14.9亿美元，活跃买家 ...

Key Takeaways GCT trades at a low forward P/S versus peers, making its valuation look compelling on the surface. GCT is expanding via acquisitions to boost its B2B e-commerce marketplace. Despite a 33% six-month rally, GigaCloud Technology faces tariff risks & high logistics costs.GigaCloud Technology (GCT) is one of the cheaper ones in the Zacks Technology Services industry, with a Value Score of A.Shares of this AI-driven, end-to-end B2B e-commerce solution provider are trading at a significant discount, ...

Core Perspective - The partnership between Wonder, FormPiper, and LendingClub aims to provide a comprehensive consumer financing platform for furniture retailers, enabling independent stores to access sophisticated financing tools previously available only to larger retailers [1][3][4]. Group 1: Partnership Overview - Wonder, a subsidiary of GigaCloud Technology Inc, has formed a strategic alliance with FormPiper and LendingClub Bank to enhance financing options for furniture retailers across the nation [1]. - The collaboration integrates Wonder's in-store sales technology with FormPiper's fintech platform and LendingClub's lending solutions, making advanced financing tools accessible to independent retailers at no extra cost [3][4]. Group 2: Industry Gap and Solution - Historically, only large retailers could afford financing waterfall technology, which maximizes loan approvals by routing applications through multiple lenders, leaving smaller stores with limited options [4]. - The new platform offers a seamless workflow that provides a full range of financing options, enhancing the customer experience and increasing approval rates for independent retailers [5][6]. Group 3: LendingClub's Role - LendingClub serves as the primary lending partner, leveraging its extensive experience and data-driven credit models to provide quick and frictionless financing options [6][10]. - With over $100 billion in originations since 2007, LendingClub's platform allows customers to explore financing options without affecting their credit scores, streamlining the application process [6][11]. Group 4: Technological Integration - FormPiper's technology acts as the backbone of the solution, connecting various lending partners while ensuring an optimal user experience and maximizing conversion rates [7][8]. - The platform's ability to intelligently route applications enhances the overall financing experience for retailers and their customers [8]. Group 5: Availability and Impact - The integrated financing platform soft-launched in Q4 2025 and is now being rolled out across Wonder's retail technology network, included in the standard subscription service at no additional cost [8]. - This initiative is expected to empower independent furniture retailers to compete more effectively with larger competitors, potentially leading to increased sales and customer satisfaction [6][9].

GigaCloud Technology FY Conference Summary Company Overview - **Company Name**: GigaCloud Technology (NasdaqGM:GCT) - **Industry**: B2B E-commerce Marketplace focused on big and bulky items, primarily furniture - **Founded**: 16 years ago, initially in Japan and the U.K., entered the U.S. market in 2013 - **Public Listing**: Went public in 2022 - **Headquarters**: El Monte, Greater Los Angeles Area Key Financial Highlights - **Revenue**: Generated $333 million in the last quarter, reflecting a 10% year-over-year growth [4] - **Net Profit**: Achieved a net profit of $33 million, with an EPS of $0.99, which is a 1% increase from the previous year [5] - **Cash Generation**: Generated over $70 million from operations in the last quarter, indicating strong cash flow management [6] - **Share Repurchase**: Bought back approximately 10% of the company in the last 12 months [6] - **IPO Proceeds**: Raised roughly $41 million in the IPO, with $200 million spent on share repurchases and acquisitions over three years [6] Market Performance - **Growth in Europe**: European revenue grew 70% year-over-year, now representing one-third of total revenue, compensating for slower U.S. growth [7][8] - **Addressable Market**: The wholesale furniture market in the U.S. is estimated at $40-$50 billion, with GigaCloud capturing a small portion [25] Business Model - **SFR Model**: GigaCloud operates under a Supplier Fulfilled Retailing (SFR) model, which allows suppliers to fulfill orders directly to consumers, reducing logistics costs and improving supply chain efficiency [10][18] - **Inventory Management**: The model reduces inventory risk for retailers by allowing suppliers to manage inventory, thus minimizing forecasting errors [12][13] - **Revenue Streams**: Revenue is generated from both 1P (direct sales) and 3P (third-party sales) logistics, with take rates ranging from 35% to over 50% depending on shipping costs [19][34] Competitive Advantages - **Technology Utilization**: GigaCloud leverages technology to streamline transactions and reduce operational costs compared to traditional methods [26][27] - **Fragmented Market**: The furniture industry is highly fragmented, with no single manufacturer dominating, allowing GigaCloud to consolidate volume and reduce costs [27][37] - **Warehouse Infrastructure**: Operates 25 warehouses across the U.S. to facilitate efficient order fulfillment and inventory management [15][35] Challenges and Risks - **Market Conditions**: The company faces challenges from consumer demand fluctuations and tariff impacts, particularly in the U.S. market [5][30] - **Inventory Risk**: Managing inventory for non-standard items poses a significant risk, but GigaCloud's experience mitigates this [32] Future Outlook - **Growth Strategy**: Focus on expanding the number of participants in the ecosystem and increasing reliance on GigaCloud's services [24] - **Market Transition**: Aiming to transition more traditional businesses to the GigaCloud model, showcasing the benefits of technology in the supply chain [25] Recognition - **Awards**: GigaCloud was recognized by Forbes as the number one U.S.-based company with a market cap under $2 billion for 2025 and remains in the top 20 for 2026 [4]

Company Performance - GigaCloud Technology Inc. (GCT) shares decreased by 1.75% to $41.01, underperforming the S&P 500's loss of 0.53% in the latest session [1] - Over the past month, GCT shares increased by 4.38%, outperforming the Business Services sector's loss of 1.92% and the S&P 500's gain of 2.06% [1] Earnings Forecast - GigaCloud is expected to report an EPS of $0.65, reflecting a 14.47% decline from the same quarter last year [2] - Revenue is forecasted to be $336 million, indicating a 13.6% growth compared to the corresponding quarter of the previous year [2] Annual Estimates - For the entire year, earnings are projected at $3.2 per share and revenue at $1.26 billion, showing changes of +4.92% and 0% respectively from the previous year [3] - Recent analyst estimate revisions suggest a positive outlook for GigaCloud's business trends [3] Valuation Metrics - GigaCloud has a Forward P/E ratio of 11.93, which is lower than the industry average of 17.05, indicating it is trading at a discount [6] - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 101, placing it in the top 42% of over 250 industries [6] Zacks Rank - GigaCloud currently holds a Zacks Rank of 1 (Strong Buy), with a historical average annual return of +25% for stocks rated 1 since 1988 [5] - There has been no change in the Zacks Consensus EPS estimate over the past month [5]

Core Insights - GigaCloud Technology Inc has appointed Michael Pitman and Scott Hill as vice presidents of sales to enhance its sales strategy and market presence in the home furnishings sector [1][5]. Group 1: Appointments - Michael Pitman has over 40 years of experience in the home furnishings industry, including significant roles at Ashley Furniture Industries, where he focused on sales, ecommerce, and product development [2]. - Scott Hill brings more than 30 years of experience in the home furnishings industry, with leadership roles in retail operations and sales, including eight years at Ashley Furniture Industries [4]. Group 2: Responsibilities - Pitman and Hill will be responsible for advancing GigaCloud's sales strategy, strengthening strategic partnerships, and expanding the company's presence in the home furnishings market [5]. - Each vice president will oversee specific markets and product lines to support the broader GigaCloud ecosystem [5]. Group 3: Company Overview - GigaCloud Technology Inc is a pioneer in global end-to-end B2B technology solutions for large parcel merchandise, offering a B2B ecommerce platform that integrates product discovery, payments, and logistics [6]. - The company connects manufacturers, primarily in Asia, with resellers in the U.S., Asia, and Europe, facilitating efficient cross-border transactions and scalable growth [6].

Core Insights - Walmart, GameStop, and GigaCloud Technology are highlighted as key Ecommerce stocks to monitor, reflecting their significant trading volume and growth potential in the online retail sector [2] Group 1: Walmart (WMT) - Walmart Inc. operates in retail, wholesale, and eCommerce globally, segmented into Walmart U.S., Walmart International, and Sam's Club [3] - The company manages various store formats including supercenters, supermarkets, hypermarkets, and discount stores, alongside its eCommerce platforms such as walmart.com.mx and flipkart.com [3] Group 2: GameStop (GME) - GameStop Corp. is a specialty retailer focused on games and entertainment products, operating both physical stores and eCommerce platforms across multiple countries [4] - The company offers a range of products including new and pre-owned gaming platforms, accessories, and digital content [4] Group 3: GigaCloud Technology (GCT) - GigaCloud Technology Inc. provides comprehensive B2B eCommerce solutions for large parcel merchandise, facilitating cross-border transactions primarily between Asia and the U.S. [5] - The GigaCloud Marketplace integrates product discovery, payments, and logistics into a single platform, connecting manufacturers with resellers [5]