GigaCloud Technology Inc Announces Third Quarter and Nine Months Ended September 30, 2025 Financial Results

Core Insights - GigaCloud Technology Inc achieved record quarterly revenue and earnings per share (EPS) despite a challenging environment [1] - The company reported a total revenue of $332.6 million for Q3 2025, representing a 9.7% year-over-year increase [5] - The company’s net income for the third quarter was $37.2 million, a decrease of 8.6% year-over-year, while diluted EPS increased by 1.0% to $0.99 [5][3] Financial Highlights - Year-to-date gross margin was 23.5%, down from 25.5% in the same period of 2024 [3] - Net income for the nine months ended September 30, 2025, was $98.9 million, up 4.3% year-over-year [3] - Adjusted EBITDA for the third quarter was $43.4 million, a decrease of 11.1% year-over-year [5] Operational Highlights - GigaCloud Marketplace gross merchandise value (GMV) increased by 20.7% year-over-year to $1,488.5 million for the 12 months ended September 30, 2025 [6] - Active 3P sellers on the GigaCloud Marketplace increased by 17.2% year-over-year to 1,232 [6] - Active buyers rose by 33.8% year-over-year to 11,419, with spend per active buyer at $130,349 [6] Acquisition Plans - The company announced a planned acquisition of New Classic Home Furnishings, Inc. for $18 million in cash, aimed at enhancing its B2B marketplace and domestic distribution capabilities [8] Business Outlook - GigaCloud expects total revenues for Q4 2025 to be between $328 million and $344 million [9] Share Repurchase Program - The company’s Board of Directors approved a $111 million share repurchase program, effective from August 17, 2025 [10] - As of November 6, 2025, approximately 4.9 million Class A ordinary shares have been repurchased for $87 million [10]