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Sep 30, 2024
GigaCloud Q3 2024 Earnings Report
GigaCloud's Q3 2024 performance reflected significant growth in revenue, gross profit, and net income, marking record highs in net income and adjusted EBITDA.
Key Takeaways
GigaCloud Technology Inc. announced strong financial results for the third quarter ended September 30, 2024. Total revenues increased by 70.2% year-over-year to $303.3 million, with net income rising by 68.2% to $40.7 million. The company also reported record-high net income and adjusted EBITDA.
Total revenues increased by 70.2% to $303.3 million compared to Q3 2023.
Net income increased by 68.2% to $40.7 million compared to Q3 2023.
Adjusted EBITDA increased by 63.8% to $48.8 million compared to Q3 2023.
GigaCloud Marketplace GMV increased 80.2% to $1,233.6 million for the 12 months ended September 30, 2024.
Revenue by Segment
Forward Guidance
The Company expects its total revenues to be between $275 million and $290 million in the fourth quarter of 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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