GigaCloud(GCT) - 2024 Q3 - Earnings Call Presentation

Financial Performance - GigaCloud's Q3 2024 revenue reached $303.3 million, a 70.2% year-over-year increase compared to Q3 2023[12, 48] - Gross profit for Q3 2024 was $77.3 million, representing a 58.1% year-over-year growth[12, 50] - Adjusted EBITDA for Q3 2024 was $48.8 million, with a margin of 16.1%[12, 51] - Net income for Q3 2024 was $40.7 million, a 68.2% increase year-over-year[12] - Cash, restricted cash, and investments totaled $260.5 million, a 41.4% year-over-year increase[12] Marketplace Growth - GigaCloud Marketplace GMV (Gross Merchandise Volume) reached $1.2 billion for the last twelve months (LTM) ended September 30, 2024, an 80.2% increase compared to the same period last year[13] - 3P (Third-Party) Seller GigaCloud Marketplace GMV was $635.5 million for the LTM ended September 30, 2024, a 72.0% increase year-over-year[13] User Base Expansion - The number of active sellers reached 1,051 for the LTM ended September 30, 2024, a 41.8% year-over-year increase[13, 20] - The number of active buyers reached 8,535 for the LTM ended September 30, 2024, an 85.5% year-over-year increase[13, 27] - Active buyer spend is approximately $145,000 for the LTM ended September 30, 2024[13, 27]