Gorilla Technology Roars Past $100M Revenues With a $7B+ Pipeline

Core Insights - Gorilla Technology Group Inc. (GRRR) reported adjusted earnings per share (EPS) of 88 cents for 2025, down from $2.01 in the previous year, while the full-year 2025 IFRS loss per share improved by 91.7% year-over-year to 51 cents [1] Financial Performance - Total revenues for 2025 reached $101.4 million, reflecting a 35.7% year-over-year increase and surpassing the Zacks Consensus Estimate by 0.9%, aligning with the lower end of its guidance of $100-$110 million [2][8] - Operating expenses decreased by 54.4% year-over-year to $47.5 million, but the cost of revenues increased by 80.6% to $67.5 million [2] - Adjusted EBITDA was reported at $19.1 million, a decrease of 4.3% year-over-year, falling short of the guidance of $20-$25 million [3] Cash and Debt Management - Cash and cash equivalents, along with restricted deposits, totaled $104.8 million at the end of 2025, up from $37.5 million at the end of 2024 [4] - Total assets increased to $271.4 million from $153.8 million a year ago, while total debt was reduced to $13.8 million from $21.4 million [4] Future Outlook - The company reiterated its revenue guidance for 2026, projecting between $137 million and $200 million, with a current opportunity pipeline exceeding $7 billion [5][8] - GRRR expects positive operating cash flows in 2026 and anticipates the readiness of its post-quantum cryptography solution for SD-WAN by April 2026 [5] Peer Performance - Palantir Technologies Inc. (PLTR) reported fourth-quarter 2025 revenues of $1.41 billion, a 70% year-over-year growth, exceeding the Zacks Consensus Estimate by 4.5% [6] - BigBear.ai Holdings, Inc. (BBAI) posted quarterly revenues of $27.3 million, a significant decline from $43.8 million in the prior-year period, attributed to reduced volume on certain U.S. Army programs [7]