Gorilla Technology Group Inc. (GRRR) AI Stock Analysis

• Market Cap: $298.55M
• Dividend Yield: N/A
• Average Volume (3M): 1.13M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.53
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 142
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 0.24
• Shares Outstanding: 22,669,016
• 10 Day Avg. Volume: 1,303,969
• 30 Day Avg. Volume: 1,132,712
• PEG Ratio: <0.01
• Price to Book (P/B): 2.61
• Price to Sales (P/S): 2.56
• P/FCF Ratio: -6.13
• Enterprise Value/Market Cap: 1.08
• Enterprise Value/Revenue: 3.24
• Enterprise Value/Gross Profit: 9.65
• Enterprise Value/Ebitda: -4.82
• 1Y Price Target: $37.00
• Price Target Upside: 164.66% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $12.50 ▼(-10.59% Downside)

The overall stock score reflects significant financial performance challenges, particularly in profitability and cash flow, which weigh heavily on the score. Technical analysis indicates a bearish trend, further impacting the score. However, the positive sentiment from the earnings call, with record revenue and strong future growth prospects, provides some optimism.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market reach and successful product adoption, positioning Gorilla for future market leadership.

Major Contract Secured

The major contract enhances revenue visibility and positions Gorilla as a key player in the AI infrastructure market, supporting long-term growth.

Strong Cash Position

A strong cash position provides financial flexibility to invest in growth opportunities and manage potential economic fluctuations.

Negative Factors

Profitability Challenges

Persistent profitability challenges and declining margins indicate operational inefficiencies, impacting long-term financial sustainability.

Negative Cash Flow

Negative cash flow from operations suggests difficulties in generating cash from core activities, potentially straining liquidity.

Supply Chain and Geopolitical Risks

Supply chain and geopolitical risks could disrupt operations and project timelines, affecting Gorilla's ability to deliver on contracts.

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 Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata. The company also provides information technology (IT) and operational technology (OT) security convergence AI algorithms for system administrators and security engineers to detect suspicious behaviors in real time; network anomaly detection AI models; and endpoint malware and suspicious behavior detection AI models. In addition, it offers intelligent video analytics (IVA) appliances to analyze and turn unstructured video and picture data into structured data; IVAR appliance that provides insight into business and operations in a statistic dashboard; smart attendance to track employee health and safety, work hours, clock-ins/outs, and absenteeism, as well as to protect company assets and intellectual properties; event and video management system appliances to store event/object attributes in temporal-spatial big data database from Gorilla; and operation technology security appliance to monitor and control physical devices, processes, and infrastructure, as well as to protect industrial systems and networks from various threats. Further, the company provides smart retail SaaS for shopper demographics, visualized shopper behavior, and advanced data analytics, smart city and transportation SaaS for traffic management, public safety, and planning data; and endpoint security SaaS that protects endpoints against security threats. Gorilla Technology Group Inc. was incorporated in 2001 and is based in Taipei, Taiwan.

How the Company Makes Money

Gorilla Technology Group generates revenue through a combination of software licensing, subscription services, and hardware sales. The company primarily earns money by providing cybersecurity solutions that are sold on a subscription basis, allowing clients to maintain continuous protection while generating recurring revenue. Additionally, GRRR offers managed services and consulting, which create further revenue opportunities. Key partnerships with technology vendors and service providers enhance its market reach and customer base, contributing significantly to its earnings as they leverage Gorilla's products within their own service offerings.

Gorilla Technology Group Inc. Financial Statement Overview

Summary

Gorilla Technology Group Inc. has shown strong revenue growth, but significant profitability challenges and cash flow issues persist. While leverage has improved, profitability and liquidity remain major concerns due to consistent net losses and negative cash flows. Addressing operational inefficiencies and enhancing cash management will be crucial for financial stability.

Income Statement

Revenue grew significantly over the years, particularly from 2022 to 2023 with a 189% increase. However, the company has experienced volatile earnings with consistent net losses, and declining gross profit margins, from 40% in 2020 to 50% in 2023, highlighting profitability challenges. The EBIT and EBITDA margins indicate operational inefficiencies, as both metrics have been negative in recent years, except for a brief positive EBITDA margin in 2021.

Balance Sheet

The company's debt-to-equity ratio has shown improvement, dropping from 0.56 in 2020 to 0.30 in 2023, indicating better leverage management. However, the equity ratio decreased from 58% in 2020 to 47% in 2023, reflecting a potential decline in asset financing through equity. The return on equity remains negative due to persistent net losses, signaling inefficiencies in generating shareholder returns.

Cash Flow

The company has struggled with negative free cash flow, which has worsened from -$40,625 in 2019 to -$31M in 2023. Operating cash flow has remained negative, indicating cash generation issues from core activities. The free cash flow to net income ratio remains unfavorable, further stressing liquidity concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	99.75M	74.67M	64.69M	22.41M	42.24M	45.41M
Gross Profit	33.45M	37.31M	44.72M	8.34M	15.77M	18.56M
EBITDA	-67.01M	-63.98M	19.08M	-78.65M	626.62K	2.67M
Net Income	-67.16M	-64.79M	13.50M	-87.54M	-8.55M	-5.92M
Balance Sheet
Total Assets	266.45M	153.80M	115.44M	65.26M	94.93M	92.29M
Cash, Cash Equivalents and Short-Term Investments	110.16M	37.47M	34.13M	30.94M	18.95M	19.59M
Total Debt	15.94M	22.21M	32.91M	23.87M	35.92M	29.18M
Total Liabilities	68.19M	80.69M	61.29M	36.72M	49.00M	38.79M
Stockholders Equity	198.26M	73.10M	54.15M	28.54M	45.93M	53.50M
Cash Flow
Free Cash Flow	-24.95M	-31.11M	-13.24M	-11.78M	-6.77M	-7.47M
Operating Cash Flow	-24.28M	-29.65M	-9.43M	-8.77M	1.62M	-1.95M
Investing Cash Flow	8.80M	16.64M	-38.69M	-1.93M	-9.91M	-7.73M
Financing Cash Flow	109.04M	27.98M	29.73M	23.61M	5.99M	3.88M

Gorilla Technology Group Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 13.98
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GRRR, the sentiment is Neutral. The current price of 13.98 is above the 20-day moving average (MA) of 13.55, below the 50-day MA of 16.10, and below the 200-day MA of 19.31, indicating a neutral trend. The MACD of -0.73 indicates Negative momentum. The RSI at 47.57 is Neutral, neither overbought nor oversold. The STOCH value of 33.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GRRR.

Gorilla Technology Group Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
PRTH	59 Neutral	$487.95M	11.21	―	―	9.51%	―
BAND	52 Neutral	$433.71M	―	-3.20%	―	7.42%	34.42%
BLZE	51 Neutral	$265.42M	―	-55.03%	―	15.73%	40.14%
GRRR	48 Neutral	$298.55M	―	―	―	―	―
RXT	43 Neutral	$242.08M	-0.95	―	―	-2.98%	69.09%
PDYN	41 Neutral	$222.38M	―	-110.11%	―	-44.07%	25.75%

Gorilla Technology Group Inc. Corporate Events

Gorilla Technology Reports Record Q3 Revenue and Secures Major AI Contracts

On November 17, 2025, Gorilla Technology Group Inc. announced its financial results for the third quarter of 2025, reporting a record revenue of $26.5 million, a 32% increase from the same period in 2024. The company achieved breakeven at the bottom line compared to a $7.8 million loss in Q3 2024, driven by disciplined operating expenses and strong project execution. Gorilla secured a $1.4 billion AI data center mandate and has a pipeline exceeding $7 billion, positioning itself as a leader in AI infrastructure. The company expects significant revenue growth in 2026, supported by ongoing projects and new contracts, including major law enforcement contracts in Asia.

Gorilla Technology Appoints New CTO to Lead Infrastructure Initiatives

On November 3, 2025, Gorilla Technology Group Inc. announced the appointment of Thomas Sennhauser as the Chief Technology Officer of Infrastructure Practice. Sennhauser, who has a robust background in enterprise technology and has contributed significantly to Gorilla’s $1.4 billion Freyr infrastructure program in Southeast Asia, will lead the development of next-generation AI data centers and digital infrastructure. This strategic appointment is expected to bolster Gorilla’s position as a leader in sovereign AI readiness and digital transformation, enhancing its infrastructure strategy and global operations.

Gorilla Technology Secures $1.4 Billion Contract for AI Data Centers in Southeast Asia

On September 17, 2025, Gorilla Technology Group Inc. announced a significant three-year, $1.4 billion contract with Freyr Singapore to develop AI-powered data centers across Southeast Asia, including Indonesia, Malaysia, and Thailand. The contract, which positions Gorilla as the lead provider of AI infrastructure, is expected to enhance the company’s market presence in the region. Phase One of the project, valued at $300 million, will commence in the fourth quarter of 2025, providing immediate revenue visibility. This strategic partnership with Freyr is set to capitalize on the growing Southeast Asian data center market, expected to exceed $12 to 15 billion, and aims to position Gorilla at the forefront of this expansion.