Gorilla Technology Group Inc. (GRRR)
NASDAQ:GRRR
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Gorilla Technology Group Inc.
(NASDAQ:GRRR)
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Rating:60Neutral
Price Target:
$14.00
▲(8.28% Upside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by persistent negative operating/free cash flow and continued net losses despite improving operating profitability. Offsetting this, the stock’s technical setup is bullish (above key moving averages with positive MACD) and the balance sheet appears conservatively levered, while valuation remains challenged given loss-making earnings and no dividend support.
Positive Factors
Sustained Revenue Scaling
Meaningful 2025 top-line growth demonstrates product-market fit and scalable sales execution across AI and security offerings. Sustained revenue scale supports operating leverage, funds reinvestment in R&D and infrastructure, and underpins prospects for margin normalization over the medium term.
Negative Factors
Persistent Cash Burn
Multi-year negative operating and free cash flow indicate the business is not funding growth from operations. Continued cash burn pressures liquidity over time, increases reliance on external financing or equity, and constrains the company's ability to self-fund large infrastructure investments without depleting reserves.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Scaling
Meaningful 2025 top-line growth demonstrates product-market fit and scalable sales execution across AI and security offerings. Sustained revenue scale supports operating leverage, funds reinvestment in R&D and infrastructure, and underpins prospects for margin normalization over the medium term.
Read all positive factors
Gorilla Technology Group Inc. (GRRR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$403.19M
Dividend YieldN/A
Average Volume (3M)812.48K
Price to Earnings (P/E)―
Beta (1Y)1.44
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees142
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.53
Shares Outstanding27,653,858
10 Day Avg. Volume736,980
30 Day Avg. Volume812,478
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)1.24
Price to Sales (P/S)2.40
P/FCF Ratio-8.28
Enterprise Value/Market Cap0.69
Enterprise Value/Revenue2.73
Enterprise Value/Gross Profit8.17
Enterprise Value/Ebitda-65.56
Forecast
1Y Price Target
$39.50Price Target Upside205.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.75
Revenue Forecast (FY)$165.59M
Gorilla Technology Group Inc. Business Overview & Revenue Model
Company Description
Gorilla Technology Group Inc. provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security...
How the Company Makes Money
Gorilla Technology Group Inc. generates revenue primarily by selling and delivering software- and services-based solutions centered on data analytics and security use cases. Key revenue streams are typically composed of: (1) software/platform reve...
Gorilla Technology Group Inc. Earnings Call Summary
Earnings Call Date:Apr 08, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jun 24, 2026
Earnings Call Sentiment Positive
The call emphasized a material and credible financial turnaround (record revenue, sharply narrowed IFRS losses, positive adjusted EBITDA and adjusted net income), strong cash balance and reduced debt, large commercial pipeline, and an aggressive infrastructure and product buildout (post-quantum SD-WAN, Astrikos integration, large GPU capacity ambitions). Notable risks were acknowledged: remaining IFRS net loss, gross-margin mix pressure in 2025, reliance on vendor delivery schedules (GPUs and networking), geopolitical and logistical risks, significant capital intensity to build/own data centers, and execution challenges tied to a rapid hiring ramp. On balance the positive financial improvements, robust cash position and growth pipeline materially outweigh the operational and timing risks discussed.Positive Updates
Record Full-Year Revenue
Reported record FY2025 revenue of $101.4 million, up 35.7% year-over-year, delivering inside prior guidance of $100M–$110M.
Negative Updates
Continuing IFRS Net Loss
Although materially improved, the company still reported an IFRS net loss of approximately $11.3 million for FY2025.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Full-Year Revenue
Reported record FY2025 revenue of $101.4 million, up 35.7% year-over-year, delivering inside prior guidance of $100M–$110M.
Read all positive updates
Company Guidance
The company maintained 2026 revenue guidance of $137 million–$200 million and reiterated the goal to be cash-flow positive in 2026 while withholding gross‑margin and EBITDA guidance for now; that follows FY2025 results of $101.4M revenue (up 35.7% YoY), IFRS operating loss narrowed to ~$13.7M from $66.9M (a $53.2M or 79.6% reduction), IFRS net loss of ~$11.3M (vs $64.8M, an 82.6% improvement), IFRS basic EPS improved to about $0.51 (vs negative prior year, a 91.7% improvement), adjusted EBITDA ~$19.1M, adjusted net income ~$19.9M, adjusted basic EPS $0.89 / diluted $0.88; Q4 revenue ~ $35.6M (vs $34.75M consensus) and implied Q4 adjusted EPS ~$0.37 (vs $0.30 consensus, ~22% beat); balance-sheet and cash dynamics cited include $104.8M year‑end cash (unrestricted cash $108M and total cash $116.6M as of Feb 26), collections of >$22M in Jan–Feb 2026 with an additional ~$10M (±$2–3M) expected, debt reduced to $13.8M from $21.4M (down 35.6%), >$5.3M of deposits released, >$11M spent on buybacks, a $7B pipeline (including a $1.4B SEA opportunity), plans to scale to 1,200–1,500 FTEs (plus ~700–800 contractors) by mid‑June next year, and infrastructure targets including >600 MW GPU capacity and near‑term milestones (first GPUs arriving in days, first SEA data center live by Q2, and post‑quantum/quantum‑safe products targeted for April 2026).Gorilla Technology Group Inc. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
74
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 101.36M | 74.67M | 64.69M | 22.41M | 42.24M |
| Gross Profit | 33.88M | 37.31M | 44.72M | 8.34M | 15.77M |
| EBITDA | 9.81M | -63.98M | 19.08M | -78.65M | 626.62K |
| Net Income | -11.28M | -64.79M | 13.50M | -87.54M | -8.55M |
Balance Sheet | |||||
| Total Assets | 271.41M | 153.80M | 115.44M | 65.26M | 94.93M |
| Cash, Cash Equivalents and Short-Term Investments | 104.83M | 37.47M | 34.13M | 30.94M | 18.95M |
| Total Debt | 14.65M | 22.21M | 32.91M | 23.87M | 35.92M |
| Total Liabilities | 75.33M | 80.69M | 61.29M | 36.72M | 49.00M |
| Stockholders Equity | 196.08M | 73.10M | 54.15M | 28.54M | 45.93M |
Cash Flow | |||||
| Free Cash Flow | -29.33M | -31.11M | -13.24M | -11.78M | -6.77M |
| Operating Cash Flow | -28.66M | -29.65M | -9.43M | -8.77M | 1.62M |
| Investing Cash Flow | 5.46M | 16.64M | -38.69M | -1.93M | -9.91M |
| Financing Cash Flow | 101.19M | 27.98M | 29.73M | 23.61M | 5.99M |
Gorilla Technology Group Inc. Technical Analysis
Positive
12.93
Price Trends
12.52
Positive
12.53
Positive
14.34
Positive
Market Momentum
0.27
Positive
58.76
Neutral
64.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GRRR, the sentiment is Positive. The current price of 12.93 is below the 20-day moving average (MA) of 14.15, above the 50-day MA of 12.52, and below the 200-day MA of 14.34, indicating a bullish trend. The MACD of 0.27 indicates Positive momentum. The RSI at 58.76 is Neutral, neither overbought nor oversold. The STOCH value of 64.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GRRR.
Gorilla Technology Group Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $471.90M | 9.84 | -51.19% | ― | 8.83% | ― | |
65 Neutral | $460.20M | -8.32 | -27.17% | ― | 13.32% | 61.29% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $1.97B | 34.27 | -1.28% | ― | 4.88% | -534.80% | |
60 Neutral | $403.19M | -21.55 | -7.62% | ― | ― | ― | |
59 Neutral | $1.03B | 7.27 | 12.31% | ― | -0.49% | 52.70% | |
49 Neutral | $302.36M | -5.42 | -40.48% | ― | 16.83% | 66.05% |
* Technology Sector Average
GRRR
Gorilla Technology Group Inc.
14.58
-3.13
-17.67%
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Gorilla Technology Group Inc. Corporate Events
Gorilla Technology Group Switches Auditors to UHY LLP After Routine Transition
May 6, 2026
On April 30, 2026, Gorilla Technology Group Inc. changed its independent registered public accounting firm, appointing UHY LLP and dismissing Marcum Asia CPAs LLP, following an evaluation process approved by the board’s audit committee. Marc...
Gorilla Technology Posts Record 2025 Revenue and Major Profitability Turnaround
Mar 2, 2026
Gorilla Technology reported on March 2, 2026 that it achieved record 2025 revenue of $101.4 million, up 35.7% year-on-year, while sharply narrowing its IFRS operating loss to $13.7 million and cutting operating expenses by more than half. Earnings...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.