— Delive s Reco d Qua te ly Reve ue, Net I come, a d Diluted EPS —
EL MONTE, Calif., Nov. 05, 2026 (GLOBE NEWSWIRE) — GigaCloud Tech ology I c (Nasdaq: GCT) (“GigaCloud” o the “Compa y”), a pio ee of global e d-to-e d B2B tech ology solutio s fo la ge pa cel me cha dise, today a ou ced fi a cial esults fo the thi d qua te a d i e mo ths e ded Septembe 30, 2026, i cludi g eco d qua te ly eve ue, et i come, a d diluted ea i gs pe sha e.
Total eve ues of $423.6 millio , i c eased 27.4% yea -ove -yea .G oss p ofit of $105.3 millio , i c eased 36.8% yea -ove -yea .G oss ma gi was 24.9%, compa ed to 23.2% i the thi d qua te of 2025.Net i come of $50.6 millio , i c eased 36.0% yea -ove -yea .Net i come ma gi was 11.9%, compa ed to 11.2% i the thi d qua te of 2025.Diluted EPS i c eased 42.4% yea -ove -yea to $1.41.Adjusted EBITDA 1 of $61.8 millio , i c eased 42.4% yea -ove -yea .Adjusted EPS – diluted 2 i c eased 49.1% yea -ove -yea to $1.73.Cash a d cash equivale ts, Rest icted Cash, a dI vestme ts totaled $418.0 millio as of Septembe 30, 2026, compa ed with $416.9 millio as of Decembe 31, 2025.
Total eve ues of $1,194.7 millio , i c eased 28.9% yea -ove -yea .G oss p ofit of $296.7 millio , i c eased 36.3% yea -ove -yea .G oss ma gi was 24.8%, compa ed to 23.5% fo the same pe iod of 2025.Net i come of $131.1 millio , i c eased 32.6% yea -ove -yea .Net i come ma gi was 11.0%, compa ed to 10.7% fo the same pe iod of 2025.Diluted EPS i c eased 40.7% yea -ove -yea to $3.60.Adjusted EBITDA of $167.9 millio , i c eased 39.9% yea -ove -yea .Adjusted EPS – diluted of $4.61, i c eased 48.2% yea -ove -yea .
GigaCloud Ma ketplace GMV 3 i c eased 24.0% yea -ove -yea to $1,846.2 millio fo the 12 mo ths e ded Septembe 30, 2026.3P selle GigaCloud Ma ketplace GMV 4 i c eased 30.6% yea -ove -yea to $1,032.2 millio fo the 12 mo ths e ded Septembe 30, 2026.3P selle GigaCloud Ma ketplace GMV ep ese ted 55.9% of total GigaCloud Ma ketplace GMV fo the 12 mo ths e ded Septembe 30, 2026.Active 3P selle s 5 i c eased 22.3% yea -ove -yea to 1,507 fo the 12 mo ths e ded Septembe 30, 2026.Active buye s 6 i c eased 21.2% yea -ove -yea to 13,837 fo the 12 mo ths e ded Septembe 30, 2026.Spe d pe active buye 7 was $133,425 fo the 12 mo ths e ded Septembe 30, 2026.
“Pe iods of ma ket u ce tai ty u de sco e the impo ta ce of a clea lo g-te m visio a d co siste t executio ,” said La y Wu, Fou de a d Chief Executive Office . “Ou g owth eflects a lo g-te m st ategy built a ou d multiple d ive s, i cludi g ew p oduct developme t, geog aphic expa sio i to ma kets such as Eu ope, b oade sales cha els th ough pa t e ships a d st ategic M&A, a d ew models that bette se ve ou custome s. G owth is ot built i a si gle qua te – it is built ove time with delibe ate pla i g, patie ce, a d follow-th ough that tu today’s oppo tu ities i to tomo ow’s value.”
“We emai committed to etu i g capital to ou sha eholde s while buildi g lo g-te m sustai able value, with $115 millio emai i g u de ou cu e t sha e epu chase autho izatio ,” said E ica Wei, Chief Fi a cial Office . “We will co ti ue to execute buybacks oppo tu istically, taki g adva tage of ma ket volatility, a d will co side a o e-time special divide d if a y autho izatio bala ces emai u used at the e d of ou th ee-yea p og am i August 2029.”
The Compa y expects its total eve ues to be betwee $425 millio a d $450 millio i the fou th qua te of 2026. This fo ecast eflects the Compa y’s cu e t a d p elimi a y views o the ma ket a d ope atio al co ditio s, which a e subject to cha ge a d ca ot be p edicted with easo able accu acy as of the date he eof.
O August 13, 2025, the Boa d app oved a sha e epu chase p og am which autho ized the epu chase of its Class A o di a y sha e up to $111.0 millio , effective August 17, 2025 fo th ee yea s (the “2025 P og am”). O August 5, 2026, the Compa y’s Boa d of Di ecto s app oved a ew $120.0 millio sha e epu chase p og am (the “2026 P og am”). The 2026 P og am became effective o August 6, 2026 a d will emai i effect fo a pe iod of th ee yea s, while the 2025 P og am was te mi ated o the same date.
Du i g the thi d qua te of 2026, we epu chased 491,831 of ou Class A o di a y sha es at a total co side atio of app oximately $17.7 millio . Subseque t to the thi d qua te of 2026, the Compa y has epu chased a agg egate of 87,860 Class A o di a y sha es i the ope ma ket at a total co side atio of app oximately $5.0 millio pu sua t to a epu chase pla u de Rule 10b5-1 of the Excha ge Act.
U de the sha e epu chase p og am, the Compa y may pu chase its o di a y sha es th ough va ious mea s, i cludi g ope ma ket t a sactio s, p ivately egotiated t a sactio s, block t ades, a y combi atio the eof o othe legally pe missible mea s. The Compa y may effect epu chase t a sactio s i complia ce with Rule 10b5-1 a d Rule 10b-18 of the Secu ities Excha ge Act of 1934, as ame ded. The umbe of sha es epu chased a d the timi g of epu chases will depe d o a umbe of facto s, i cludi g, but ot limited to, p ice, t adi g volume a d ge e al ma ket co ditio s, alo g with the Compa y’s wo ki g capital equi eme ts, ge e al busi ess co ditio s a d othe facto s.
The Compa y will host a co fe e ce call to discuss its fi a cial esults at 8:00 am U.S. Easte Time o Novembe 5, 2026. Pa ticipa ts who wish to joi the call should p e- egiste he e at https://dp egiste .com/Diamo dPassRegist atio / egiste ?co fi matio Numbe =10212075&li kSecu itySt i g=104e9aba862. Upo egist atio , pa ticipa ts will eceive the dial-i umbe a d a u ique PIN, which ca be used to joi the co fe e ce call. If pa ticipa ts egiste a d fo get thei PIN o lose thei egist atio co fi matio email, they may e- egiste to eceive a ew PIN. All pa ticipa ts a e e cou aged to dial i 15 mi utes p io to the sta t time. A live a d a chived webcast of the co fe e ce call will be accessible o the Compa y’s i vesto elatio s website at: https://i vesto s.gigacloudtech.com/.
GigaCloud Tech ology I c is a pio ee of global e d-to-e d B2B tech ology solutio s fo la ge pa cel me cha dise. The Compa y’s B2B ecomme ce platfo m, which it efe s to as the “GigaCloud Ma ketplace,” i teg ates eve ythi g f om discove y, payme ts a d logistics tools i to o e easy-to-use platfo m. The Compa y’s global ma ketplace seamlessly co ects ma ufactu e s, p ima ily i Asia, with eselle s, p ima ily i the U.S., Asia a d Eu ope, to execute c oss-bo de t a sactio s with co fide ce, speed a d efficie cy. The Compa y offe s a t uly comp ehe sive solutio that t a spo ts p oducts f om the ma ufactu e ’s wa ehouse to the e d custome ’s doo step, all at o e fixed p ice. The Compa y fi st lau ched its ma ketplace i Ja ua y 2019 by focusi g o the global fu itu e ma ket a d has si ce expa ded i to additio al catego ies such as home applia ces a d fit ess equipme t. Fo mo e i fo matio , please visit the Compa y’s website: https://i vesto s.gigacloudtech.com/.
The Compa y uses ce tai o -GAAP fi a cial measu es, i cludi g Adjusted EBITDA a d Adjusted EPS – diluted, to u de sta d a d evaluate its co e ope ati g pe fo ma ce. Adjusted EBITDA is et i come excludi g i te est, i come taxes a d dep eciatio a d amo tizatio , fu the adjusted to exclude sha e-based compe satio expe se. Adjusted EPS – diluted is a fi a cial measu e defi ed as ou Adjusted EBITDA divided by ou diluted weighted-ave age sha es outsta di g. Ma ageme t uses Adjusted EBITDA a d Adjusted EPS – diluted as measu es of ope ati g pe fo ma ce, fo pla i g pu poses, to allocate esou ces to e ha ce the fi a cial pe fo ma ce of ou busi ess, to evaluate the effective ess of ou busi ess st ategies a d i commu icatio s with ou Boa d of Di ecto s a d i vesto s co ce i g ou fi a cial pe fo ma ce. No -GAAP fi a cial measu es, which may diffe f om simila ly titled measu es used by othe compa ies, a e p ese ted to e ha ce i vesto s’ ove all u de sta di g of ou fi a cial pe fo ma ce a d should ot be co side ed a substitute fo , o supe io to, the fi a cial i fo matio p epa ed a d p ese ted i acco da ce with U.S. GAAP.
Fo mo e i fo matio o the o -GAAP fi a cial measu es, please see the tables captio ed “U audited Reco ciliatio of Adjusted EBITDA” a d “U audited Reco ciliatio of Adjusted EPS – diluted” set fo th at the e d of this p ess elease.
This p ess elease co tai s “fo wa d-looki g stateme ts”. Fo wa d-looki g stateme ts eflect ou cu e t view about futu e eve ts. These fo wa d-looki g stateme ts i volve k ow a d u k ow isks a d u ce tai ties a d a e based o the Compa y’s cu e t expectatio s a d p ojectio s about futu e eve ts that the Compa y believes may affect its fi a cial co ditio , esults of ope atio s, busi ess st ategy a d fi a cial eeds. I vesto s ca ide tify these fo wa d-looki g stateme ts by wo ds o ph ases such as “may,” “will,” “could,” “expect,” “a ticipate,” “aim,” “estimate,” “i te d,” “pla ,” “believe,” “is/a e likely to,” “p opose,” “pote tial,” “co ti ue” o simila exp essio s. The Compa y u de takes o obligatio to update o evise publicly a y fo wa d-looki g stateme ts to eflect subseque t occu i g eve ts o ci cumsta ces, o cha ges i its expectatio s, except as may be equi ed by law. Although the Compa y believes that the expectatio s exp essed i these fo wa d-looki g stateme ts a e easo able, it ca ot assu e you that such expectatio s will tu out to be co ect, a d the Compa y cautio s i vesto s that actual esults may diffe mate ially f om the a ticipated esults a d e cou ages i vesto s to eview othe facto s that may affect its futu e esults i the Compa y’s egist atio stateme t a d othe fili gs with the SEC.
| Cash a d cash equivale ts | $ | 374,212 | $ | 379,780 | Rest icted cash | 744 | 760 | I vestme ts | 43,042 | 36,316 | Accou ts eceivable, et | 86,297 | 65,973 | I ve to ies | 218,982 | 188,298 | P epayme ts a d othe cu e t assets | 43,124 | 19,535 | Ope ati g lease ight-of-use assets | 432,678 | 431,455 | P ope ty a d equipme t, et | 38,523 | 32,281 | I ta gible assets, et | 4,312 | 4,978 | Goodwill | 12,900 | 12,586 | Defe ed tax assets | 15,231 | 12,981 | Othe o -cu e t assets | 16,452 | 17,516 |
| Accou ts payable | $ | 85,922 | $ | 105,407 | Co t act liabilities | 5,380 | 6,459 | Cu e t ope ati g lease liabilities | 115,172 | 100,326 | I come tax payable | 16,989 | 17,509 | Acc ued expe ses a d othe cu e t liabilities | 126,013 | 112,547 | 3,395 | — | Ope ati g lease liabilities, o -cu e t | 359,572 | 368,321 | Defe ed tax liabilities | 653 | 797 | Fi a ce lease obligatio s, o -cu e t | 655 | 690 | No -cu e t i come tax payable | 4,845 | 4,604 |
| T easu y sha es, at cost (491,831 a d 237,269 sha es held as of Septembe 30, 2026 a d Decembe 31, 2025, espectively) | $ | (17,719 | ) | $ | (7,126 | ) | Class A o di a y sha es ($0.05 pa value, 50,673,268 sha es autho ized, 29,255,152 a d 29,637,687 sha es issued a d outsta di g as of Septembe 30, 2026 a d Decembe 31, 2025, espectively) | 1,488 | 1,495 | Class B o di a y sha es ($0.05 pa value, 9,326,732 sha es autho ized, 6,456,732 a d 7,276,732 sha es issued a d outsta di g as of Septembe 30, 2026 a d Decembe 31, 2025, espectively) | 322 | 363 | Additio al paid-i capital | 92,332 | 88,674 | Accumulated othe comp ehe sive i come | — | 1,527 | Retai ed ea i gs | 491,478 | 400,866 |
| Se vice eve ues | $ | 136,040 | $ | 108,370 | $ | 373,406 | $ | 299,362 | P oduct eve ues | 287,524 | 224,268 | 821,289 | 627,788 | Se vices | 115,269 | 98,473 | 328,614 | 263,485 | P oducts | 203,032 | 157,116 | 569,416 | 445,946 | Selli g a d ma keti g expe ses | 34,716 | 25,477 | 102,140 | 68,813 | Ge e al a d admi ist ative expe ses | 9,126 | 8,511 | 38,052 | 35,882 | Resea ch a d developme t expe ses | 2,288 | 2,534 | 7,337 | 8,211 | Losses o disposal of p ope ty a d equipme t | 102 | 7 | 115 | 127 | I te est expe se | (124 | ) | (71 | ) | (350 | ) | (126 | ) | I te est i come | 3,497 | 3,120 | 9,539 | 8,555 | Fo eig cu e cy excha ge gai s (losses), et | (591 | ) | (557 | ) | (1,718 | ) | 882 | Othe s, et | 207 | 1,020 | 1,354 | 3,494 | I come tax expe se | (11,412 | ) | (6,857 | ) | (26,779 | ) | (18,618 | ) | Fo eig cu e cy t a slatio adjustme t, et of il i come taxes | 277 | 101 | 542 | 1,391 | Net u ealized gai (loss) o available-fo -sale i vestme ts | (13 | ) | 10 | (16 | ) | 3 | I t a-e tity fo eig cu e cy t a sactio s gai (loss) | (153 | ) | (420 | ) | (2,002 | ) | 4,602 | Release of fo eig cu e cy t a slatio ese ve elated to liquidatio of subsidia ies | — | — | (51 | ) | (1 | ) | —Basic | $ | 1.41 | $ | 0.99 | $ | 3.61 | $ | 2.57 | —Diluted | $ | 1.41 | $ | 0.99 | $ | 3.60 | $ | 2.56 | —Basic | 35,788,801 | 37,539,214 | 36,331,433 | 38,535,151 | —Diluted | 35,824,157 | 37,605,032 | 36,377,444 | 38,607,748 |
| $ | 131,067 | $ | 98,873 | Adjustme ts to eco cile et i come to et cash p ovided by ope ati g activities: | Dep eciatio a d amo tizatio | 6,729 | 6,304 | Sha e-based compe satio | 12,469 | 4,602 | Ope ati g lease | 4,987 | 3,583 | Cha ges i accou ts eceivables | (12,777 | ) | (21 | ) | Cha ges i i ve to ies | (24,364 | ) | 759 | Cha ges i p epayme ts a d othe assets | (26,088 | ) | (5,002 | ) | Cha ges i accou ts payable, acc ued expe ses a d othe cu e t liabilities | (11,417 | ) | 18,223 | Cha ges i co t act liabilities | (1,020 | ) | 575 | Cha ges i i come tax payable | (68 | ) | (2,151 | ) | Cha ges i defe ed i come taxes | (921 | ) | (1,137 | ) | Othe ope ati g activities | 4,463 | 1,684 | Pu chases of p ope ty a d equipme t | (8,321 | ) | (5,162 | ) | Disposals of p ope ty a d equipme t | 130 | 131 | Acquisitio s, et of cash acqui ed | (14,284 | ) | — | Pu chases of i vestme ts | (85,580 | ) | (84,694 | ) | Sales a d matu ities of i vestme ts | 78,618 | 93,287 | Repayme t of fi a ce lease obligatio s | $ | (463 | ) | $ | (284 | ) | Repu chases of o di a y sha es | (60,017 | ) | (57,373 | ) | Effect of fo eig cu e cy excha ge ate cha ges o cash, cash equivale ts a d est icted cash | 1,273 | 2,913 | Cash, cash equivale ts a d est icted cash at the begi i g of the pe iod | 380,540 | 260,444 | Cash paid fo i te est expe se | $ | 350 | $ | 126 | Cash paid fo i come taxes | $ | 27,636 | $ | 22,061 | Pu chase of p ope ty a d equipme t u de fi a ce leases | $ | 693 | $ | 900 | Co ti ge t co side atio payable | $ | 3,325 | $ | — |
| Add: I come tax expe se | 11,412 | 6,857 | 26,779 | 18,618 | Add: I te est expe se | 124 | 71 | 350 | 126 | Less: I te est i come | (3,497 | ) | (3,120 | ) | (9,539 | ) | (8,555 | ) | Add: Dep eciatio a d amo tizatio | 2,298 | 2,115 | 6,729 | 6,304 | Add: Sha e-based compe satio expe ses | 879 | 349 | 12,469 | 4,602 |
| Adjustme ts, pe o di a y sha e: | Add: I come tax expe se | 0.32 | 0.18 | 0.74 | 0.48 | Add: I te est expe se | — | — | 0.01 | — | Less: I te est i come | (0.10 | ) | (0.08 | ) | (0.26 | ) | (0.22 | ) | Add: Dep eciatio a d amo tizatio | 0.08 | 0.06 | 0.18 | 0.16 | Add: Sha e-based compe satio expe ses | 0.02 | 0.01 | 0.34 | 0.12 | Weighted ave age umbe of o di a y sha es outsta di g – diluted | 35,824,157 | 37,605,032 | 36,377,444 | 38,607,748 |
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1 Adjusted EBITDA is a o -GAAP fi a cial measu e. Fo mo e i fo matio o the o -GAAP fi a cial measu e, please see the sectio of “No -GAAP Fi a cial Measu e” a d the table captio ed “U audited Reco ciliatio of Adjusted EBITDA” set fo th at the e d of this p ess elease.
2 Adjusted EPS – diluted is a o -GAAP fi a cial measu e. Fo mo e i fo matio o the o -GAAP fi a cial measu e, please see the sectio of “No -GAAP Fi a cial Measu e” a d the table captio ed “U audited Reco ciliatio of Adjusted EPS – diluted” set fo th at the e d of this p ess elease.
3 GigaCloud Ma ketplace GMV mea s the total g oss me cha dise value of t a sactio s o de ed th ough ou GigaCloud Ma ketplace i cludi g GigaCloud 3P a d GigaCloud 1P, befo e a y deductio s of value added tax, goods a d se vices tax, shippi g cha ges paid by buye s to selle s a d a y efu ds.
4 3P selle GigaCloud Ma ketplace GMV mea s the total g oss me cha dise value of t a sactio s sold th ough ou GigaCloud Ma ketplace by 3P selle s, befo e a y deductio s of value added tax, goods a d se vices tax, shippi g cha ges paid by buye s to selle s a d a y efu ds.
5 Active 3P selle s mea s selle s who have sold a p oduct i GigaCloud Ma ketplace withi the last 12-mo th pe iod, i espective of ca cellatio s o etu s.
6 Active buye s mea s buye s who have pu chased a p oduct i the GigaCloud Ma ketplace withi the last 12-mo th pe iod, i espective of ca cellatio s o etu s.
7 Spe d pe active buye is calculated by dividi g the total GigaCloud Ma ketplace GMV withi the last 12-mo th pe iod by the umbe of active buye s as of such date.
