GigaCloud Technology, Inc. Class A ( (GCT) ) has released its Q1 earnings. Here is a breakdown of the information GigaCloud Technology, Inc. Class A presented to its investors.
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GigaCloud Technology Inc, a leader in global B2B technology solutions for large parcel merchandise, operates a comprehensive ecommerce platform that connects manufacturers and resellers across continents. The company recently announced its financial results for the first quarter of 2025, highlighting continued expansion and resilience in its B2B marketplace despite industry challenges.
For the first quarter of 2025, GigaCloud reported total revenues of $271.9 million, marking an 8.3% increase from the previous year. However, the gross profit saw a slight decline of 4.2% year-over-year, with a gross margin of 23.4%. Net income remained stable at $27.1 million, while diluted EPS rose by 3.0% to $0.68. The company also reported a decrease in adjusted EBITDA by 3.8% to $33.2 million.
Operationally, the GigaCloud Marketplace demonstrated significant growth, with GMV increasing by 56.1% year-over-year to $1,416.7 million. The number of active 3P sellers and buyers surged by 33.4% and 81.4%, respectively, indicating robust engagement on the platform. Additionally, the company has been actively repurchasing shares, with a total of 3.7 million shares repurchased for $61.8 million.
Looking ahead, GigaCloud expects its total revenues for the second quarter of 2025 to range between $275 million and $305 million. The company remains focused on balancing capital returns with growth investments to enhance shareholder value, while navigating current market uncertainties.