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Jun 30
GigaCloud Q2 2025 Earnings Report
GigaCloud Technology Inc announced its financial results for the second quarter ended June 30, 2025, achieving record quarterly revenue despite a challenging environment.
Key Takeaways
GigaCloud Technology Inc reported a strong second quarter in 2025, achieving record quarterly revenue of $322.6 million, a 3.8% increase year-over-year. The company saw significant growth in net income, up 28.1% to $34.6 million, and diluted EPS, which increased 40.0% to $0.91. Gross profit also saw a slight increase, while adjusted EBITDA grew by 1.4%. The company's Noble House portfolio contributed meaningfully to margins, and strategic investments in acquisitions and share repurchases underscore a focus on shareholder value.
Total revenues reached a record $322.6 million in Q2 2025, marking a 3.8% increase year-over-year.
Net income significantly increased by 28.1% year-over-year to $34.6 million, with diluted EPS rising 40.0% to $0.91.
Gross profit was $76.9 million, a modest 0.7% increase from the previous year, while gross margin slightly decreased to 23.9%.
The company maintained a solid, debt-free balance sheet with cash and cash equivalents, restricted cash, and investments totaling $303.7 million.
GigaCloud
GigaCloud
GigaCloud Revenue by Segment
Revenue by Segment
Service Revenues Revenue
CapyFin.comProduct Revenues Revenue
CapyFin.com Forward Guidance
For the third quarter of 2025, GigaCloud Technology Inc expects total revenues to be between $295 million and $310 million. This forecast is based on current market and operational conditions and is subject to change.
Positive Outlook
- Continued growth trajectory with highest quarterly revenue achieved.
- Noble House portfolio becoming a meaningful margin contributor.
- Attracting new Marketplace participants.
- Expanding European footprint to grow its scale to that of the U.S. market.
- Enhancing ability to transform and reinvent the way big and bulky merchandise is bought and sold through a single technology-driven platform.
Challenges Ahead
- The company operates in a challenging environment.
- Forecasts are subject to change and cannot be predicted with reasonable accuracy.
- No specific guidance provided for profitability metrics like EPS or net income.
- Potential for market and operational conditions to shift unfavorably.
- Reliance on current views which may not hold true for the entire quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income