GigaCloud Q3 2024 Earnings Report
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.
GigaCloud
GigaCloud
GigaCloud 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