EL MONTE, Calif., Nov. 24, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced that Larry Wu, it’s Founder and Chief Executive Officer, and Erica Wei, its Chief Financial Officer, will conduct one-on-one meetings with investors at the 2025 UBS Global Technology and AI Conference, being held from December 1 through December 4 in Scottsdale, Arizona. To schedule a m ...

Core Insights - GigaCloud Technology Inc has been recognized on Forbes' list of America's Most Successful Small-Cap Companies for 2026, marking the second consecutive year of inclusion after achieving the No. 1 position in 2025 [1][2]. Company Overview - GigaCloud Technology Inc is a pioneer in global end-to-end B2B technology solutions for large parcel merchandise, offering a comprehensive B2B ecommerce platform known as the "GigaCloud Marketplace" [3]. - The GigaCloud Marketplace integrates discovery, payments, and logistics tools, connecting manufacturers primarily in Asia with resellers in the U.S., Asia, and Europe for efficient cross-border transactions [3]. - The company launched its marketplace in January 2019, initially focusing on the global furniture market and has since expanded into categories such as home appliances and fitness equipment [3]. Recognition and Evaluation - Forbes evaluated approximately 1,400 U.S. small-cap companies with market capitalizations between $300 million and $5 billion, excluding those with a share price below $5 or declining revenue [2]. - The final list was determined through a weighted analysis of stock return, sales growth, return on equity, and earnings growth over the past five years, with a greater emphasis on the most recent 12 months [2].

Core Insights - GigaCloud Technology Inc is participating in the 14th Annual Roth Technology Conference on November 19, 2025, in New York City, with President Iman Schrock and CFO Erica Wei representing the company [1]. Company Overview - GigaCloud Technology Inc is a pioneer in global end-to-end B2B technology solutions for large parcel merchandise, offering a comprehensive B2B ecommerce platform known as the "GigaCloud Marketplace" [3]. - The GigaCloud Marketplace integrates discovery, payments, and logistics tools into a single platform, facilitating cross-border transactions primarily between manufacturers in Asia and resellers in the U.S., Asia, and Europe [3]. - The company launched its marketplace in January 2019, initially focusing on the global furniture market and has since expanded into categories such as home appliances and fitness equipment [3].

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]

Core Insights - GigaCloud Technology Inc has been included in the TIME | America's Growth Leaders 2026 list, recognizing its exceptional growth, financial stability, and stock performance [1][2] - The recognition signifies GigaCloud's consistent market expansion and strong financial performance, reflecting its ability to deliver long-term value to shareholders [2] Company Overview - GigaCloud Technology Inc is a pioneer in global end-to-end B2B technology solutions for large parcel merchandise, offering a comprehensive ecommerce platform known as the "GigaCloud Marketplace" [7] - The platform integrates discovery, payments, and logistics tools, connecting manufacturers primarily in Asia with resellers in the U.S., Asia, and Europe for efficient cross-border transactions [7] - The company launched its marketplace in January 2019, initially focusing on the global furniture market and has since expanded into home appliances and fitness equipment [7] Recognition and Achievements - The inclusion in the TIME list builds on a strong year of accolades for GigaCloud, which also ranked 1 in Forbes' "America's Most Successful Small-Cap Companies 2025" and received recognition from Newsweek and Gold Stevie® Awards [8]

Core Viewpoint - GigaCloud Technology Inc will report its financial results for Q3 and the nine months ended September 30, 2025, on November 6, 2025, after market close, followed by a conference call to discuss the results [1]. Company Overview - GigaCloud Technology Inc is a pioneer in global end-to-end B2B technology solutions for large parcel merchandise, offering a comprehensive B2B ecommerce platform known as the "GigaCloud Marketplace" [3]. - The GigaCloud Marketplace integrates discovery, payments, and logistics tools, connecting manufacturers in Asia with resellers in the U.S., Asia, and Europe for efficient cross-border transactions [3]. - The company launched its marketplace in January 2019, initially focusing on the global furniture market and has since expanded into home appliances and fitness equipment [3].

Core Insights - GigaCloud Technology Inc has appointed Kerry Lebensburger to its Board of Directors, effective August 17, 2025, succeeding Lorri Kelley, who is retiring after two years of service [1][4][5] Company Overview - GigaCloud Technology Inc is a pioneer in global end-to-end B2B technology solutions for large parcel merchandise, offering a comprehensive ecommerce platform known as the "GigaCloud Marketplace" [6] - The platform integrates discovery, payments, and logistics tools, connecting manufacturers primarily in Asia with resellers in the U.S., Asia, and Europe for efficient cross-border transactions [6] Leadership Experience - Kerry Lebensburger brings nearly 30 years of executive leadership experience as the former President of Ashley Furniture, contributing expertise in sales, marketing, merchandising, product development, and business growth [2][4] - Lebensburger has served on various industry boards and has received multiple honors, enhancing his credibility and potential impact on GigaCloud's strategic direction [2] Strategic Vision - Lebensburger expressed enthusiasm about joining GigaCloud during a dynamic growth phase, highlighting the company's transformative impact on the industry through technology [4] - The CEO of GigaCloud, Larry Wu, emphasized the value of Lebensburger's insights and experience in expanding the B2B Marketplace [4]