GigaCloud Technology Inc Announces Fourth Quarter and Year Ended December 31, 2025 Financial Results

Core Viewpoint - GigaCloud Technology Inc reported record revenues and earnings per share (EPS) for the fourth quarter and fiscal year 2025, demonstrating the effectiveness of its growth strategy and operational resilience in a challenging macroeconomic environment [2][6]. Financial Highlights Fourth Quarter 2025 - Total revenues reached $362.7 million, a 22.7% increase year-over-year - Gross profit was $82.9 million, up 27.5% year-over-year, with a gross margin of 22.9% - Net income amounted to $38.5 million, reflecting a 24.2% year-over-year increase, with a net income margin of 10.6% - Diluted EPS increased by 36.8% year-over-year to $1.04 - Adjusted EBITDA rose 39.2% year-over-year to $43.0 million - Cash and cash equivalents totaled $416.9 million, a 37.5% increase year-over-year [7][19]. Full Year 2025 - Total revenues were $1,289.9 million, an 11.1% increase year-over-year - Gross profit reached $300.7 million, a 5.4% increase year-over-year, with a gross margin of 23.3% - Net income was $137.4 million, up 9.2% year-over-year, with a net income margin of 10.6% - Diluted EPS increased by 17.7% year-over-year to $3.59 - Adjusted EBITDA grew 3.8% year-over-year to $162.9 million [7][19]. Operational Highlights - GigaCloud Marketplace gross merchandise value (GMV) increased by 17.5% year-over-year to $1,576.8 million for the 12 months ended December 31, 2025 - GMV from third-party (3P) sellers rose 22.7% year-over-year to $851.2 million, representing 54.0% of total GMV - Active 3P sellers increased by 16.9% year-over-year to 1,299 - Active buyers grew by 29.9% year-over-year to 12,089, with an average spend per active buyer of $130,431 [7][19]. Business Outlook - The company anticipates total revenues between $330 million and $355 million for the first quarter of 2026, reflecting current market conditions [8]. Share Repurchase Program - A $111 million share repurchase program was approved, with approximately $33 million executed to date under this plan [9][10].