Reports Q1 revenue $271.9M, consensus $303.2M. GigaCloud (GCT) Marketplace GMV increased 56.1% year-over-year to $1,416.7 million for the 12 months ended March 31, 2025. 3P seller GigaCloud Marketplace GMV increased 49.9% year-over-year to $734.3 million for the 12 months ended March 31, 2025. 3P seller GigaCloud Marketplace GMV represented 51.8% of total GigaCloud Marketplace GMV for the 12 months ended March 31, 2025. Active 3P sellers increased 33.4% year-over-year to 1,154 for the 12 months ended March 31, 2025. Active buyers increased 81.4% year-over-year to 9,966 for the 12 months ended March 31, 2025. “Despite persistent industry headwinds, we continue to grow and see the strength of the GigaCloud Marketplace come through-buyers and sellers continue to lean in during times of volatility and challenge. That is a testament to the efficiency and value created by our Supplier Fulfilled Retailing (SFR) model,” said Larry Wu, Founder, Chairman, and Chief Executive Officer. “We are building GigaCloud to thrive for the long-term by empowering our partners to do business smarter in an increasingly complex global market. While we are actively managing near-term macro uncertainty, the positive long-term fundamentals reinforce our confidence in delivering lasting value.”
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