--- title: "GigaCloud Tech | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 359.49 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285526351.md" datetime: "2026-05-07T10:10:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285526351.md) - [en](https://longbridge.com/en/news/285526351.md) - [zh-HK](https://longbridge.com/zh-HK/news/285526351.md) --- # GigaCloud Tech | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 359.49 M Revenue: As of FY2026 Q1, the actual value is USD 359.49 M, beating the estimate of USD 342.57 M. EPS: As of FY2026 Q1, the actual value is USD 1.04, beating the estimate of USD 0.825. EBIT: As of FY2026 Q1, the actual value is USD 39.62 M. #### Segment Revenue Total Revenues for GigaCloud Technology Inc. increased by 32.2% to $359,488 thousand for the three months ended March 31, 2026, from $271,906 thousand for the same period in 2025, driven by increased market recognition and scale of the GigaCloud Marketplace . Service Revenues (GigaCloud 3P) increased by 23.8% to $116,540 thousand in the three months ended March 31, 2026, from $94,068 thousand in the prior year period . This growth was primarily due to increases in last-mile delivery services by 40.2% to $68,993 thousand, packaging services by 30.1% to $9,526 thousand, warehousing services by 14.2% to $16,067 thousand, platform commission by 27.9% to $5,505 thousand, and other services by 10.0% to $5,450 thousand . Ocean transportation services, however, decreased by 31.6% to $7,849 thousand . Product Revenues (GigaCloud 1P) grew by 10.6% to $90,013 thousand in 2026 from $81,385 thousand in 2025 . Product Revenues (Off-platform) saw a significant increase of 58.6% to $152,864 thousand in 2026 from $96,350 thousand in 2025, primarily due to expanded sales channels and increased revenues from offline sales channels acquired from New Classic . Geographically, total revenues in the United States increased to $218,871 thousand in 2026 from $189,855 thousand in 2025, and in Germany, revenues increased to $109,365 thousand from $58,548 thousand . Japan saw an increase to $11,531 thousand from $10,779 thousand, Hong Kong to $5,505 thousand from $4,335 thousand, and other regions increased to $14,260 thousand from $8,380 thousand . #### Operational Metrics Gross Profit increased by 34.7% to $85,846 thousand for the three months ended March 31, 2026, from $63,726 thousand in 2025, with Gross Margin increasing to 23.9% in 2026 from 23.4% in 2025 . Operating Income rose by 49.9% to $42,479 thousand in 2026 from $28,323 thousand in 2025, improving the Operating Margin to 11.8% from 10.4% . Net Income increased by 40.4% to $38,124 thousand in 2026 from $27,146 thousand in 2025 . Total Operating Expenses increased to $43,367 thousand in 2026 from $35,403 thousand in 2025, but decreased as a percentage of total revenues to 12.1% from 13.0% . Selling and Marketing Expenses increased by 67.7% to $31,242 thousand, mainly due to higher platform service fees, staff costs, and commissions from the New Classic acquisition . General and Administrative Expenses decreased by 31.5% to $9,762 thousand, primarily due to reduced rental expenses and lower professional service fees . Research and Development Expenses remained stable at $2,358 thousand . #### Cash Flow Net Cash Used in Operating Activities was - $21,735 thousand for the three months ended March 31, 2026, compared to $9,433 thousand provided in the prior year period, primarily due to increased inventory purchases and changes in working capital . Net Cash Used in Investing Activities was - $14,807 thousand, compared to $4,625 thousand provided in the prior year period, including acquisitions of $13,329 thousand and property and equipment purchases of $4,468 thousand . Net Cash Used in Financing Activities was - $12,415 thousand, primarily due to share repurchases of $12,267 thousand . #### Unique Metrics (12 Months Ended March 31) GigaCloud Marketplace GMV increased by 17.5% to $1,664,603 thousand in 2026 from $1,416,729 thousand in 2025 . Active 3P Sellers increased by 19.3% to 1,377, and 3P Seller GigaCloud Marketplace GMV increased by 23.7% to $908,609 thousand . Active Buyers increased by 25.2% to 12,473, while Spend per Active Buyer decreased by 6.1% to $133,457, mainly due to new buyers requiring more time to increase spending . As of March 31, 2026, GigaCloud Technology Inc. offers over 80,000 SKUs, with over 50,000 from active 3P sellers and over 38,000 from GigaCloud 1P . #### Future Outlook and Strategy GigaCloud Technology Inc. plans to continue attracting and retaining sellers and buyers through geographic expansion, supplier outreach, marketing initiatives, and leveraging its 1P inventory sales to establish new markets . The company may pursue future acquisitions to broaden product offerings and enhance its supply chain, fulfillment, and logistics capabilities . Investments in infrastructure and technology, including warehousing, fulfillment solutions, and AI technology, are ongoing to improve operational efficiency and support anticipated growth . ### Related Stocks - [GCT.US](https://longbridge.com/en/quote/GCT.US.md) ## Related News & Research - [GigaCloud Technology Touts 32% Revenue Growth as Europe, Third-Party Marketplace Scale](https://longbridge.com/en/news/286667287.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Bureau Veritas: All resolutions passed at May 19, 2026 Shareholders' Meeting.](https://longbridge.com/en/news/286946080.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md)