GCTNasdaqRetail-Catalog & Mail-Order HousesFiscal year ends December 31
GigaCloud Technology Inc
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$57.96+0.61 (+1.06%)
Close on Oct 19, 2026
- Market cap
- $2.12B
- P/E (TTM)
- 13.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
23.3%−4.0 pts over 5 years
Operating margin
11.2%−4.8 pts over 5 years
Net margin
10.6%−2.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.1% | +38.1% | +36.2% | – | |
| Gross profit | +5.4% | +53.5% | +32.0% | – | |
| Operating income | +11.0% | +60.6% | +26.8% | – | |
| Net income | +9.2% | +78.9% | +29.7% | – | |
| EPS, diluted | +17.7% | +81.5% | +21.4% | – | |
| Free cash flow | +28.2% | +55.1% | +41.1% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 30.8% | |
| Return on assets | – | – | 12.1% | |
| Current ratio | – | – | 2.02 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | – | – | – | |
| Interest coverage | – | 960.5× | 724.9× | |
| Inventory turnover | – | – | 5.5× | |
| Capex to revenue | – | 0.2% | 0.6% | |
| Diluted shares | – | 9M | 38M |
Where the cash went
Fiscal 2021 to 2025, five years combined
GigaCloud Technology generated $540.40M from operations and spent $122.56M on capital expenditure, dividends and share buybacks. 25% of that went back into the business.
Generated
$540.40M
Used
$122.56M
Capital expenditure$30.32M25%Dividends$00%Share buybacks$92.24M75%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin10.6%
×Asset turnover1.14×
×Equity multiplier2.55×
=Return on equity, FY202530.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 10.6% | 1.14× | 2.55× | 30.8% |
| FY2024 | 10.8% | 1.21× | 2.76× | 36.2% |
| FY2023 | 13.4% | 1.11× | 2.61× | 38.8% |
| FY2022 | 4.9% | 1.62× | 2.06× | 16.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$137.37M
- Cash generatingOperating cash flow above zero$190.66M
- Return on assets improvedROA up on the prior year14.9% → 12.8%
- Earnings backed by cashOperating cash flow above net income$190.66M vs $137.37M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.07 → 2.02
- No dilutionShare count did not rise41M → 38M
- Gross margin improvedGross margin up on the prior year24.57% → 23.31%
- More efficientAsset turnover rose1.37 → 1.20