---
title: "GigaCloud Tech | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 359.49 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285526376.md"
datetime: "2026-05-07T10:10:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285526376.md)
  - [en](https://longbridge.com/en/news/285526376.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285526376.md)
---

# GigaCloud Tech | 8-K: 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.

#### Gross Profit

GigaCloud Technology Inc. reported a gross profit of $85.8 million for the first quarter ended March 31, 2026, marking a 34.7% increase year-over-year. The gross margin for the quarter was 23.9%, up from 23.4% in the first quarter of 2025.

#### Net Income

Net income for the first quarter of 2026 was $38.1 million, compared to $27.1 million in the prior-year period. The net income margin stood at 10.6%, an increase from 10.0% in the first quarter of 2025.

#### Adjusted EBITDA

Adjusted EBITDA for the first quarter of 2026 reached $45.6 million, an increase of 37.3% year-over-year.

#### Cash and Investments

As of March 31, 2026, Cash and cash equivalents, Restricted cash, and Investments totaled $364.0 million, representing a 12.7% decrease from December 31, 2025.

#### Cash Flows from Operating Activities

Net cash used in operating activities for the three months ended March 31, 2026, was - $21,735 thousand, compared to $9,433 thousand provided in the same period of 2025.

#### Cash Flows from Investing Activities

Net cash used in investing activities for the three months ended March 31, 2026, was - $14,807 thousand, compared to $4,625 thousand provided in the same period of 2025. Significant items include purchases of property and equipment at - $4,468 thousand and acquisitions, net of cash acquired, at - $13,329 thousand.

#### Cash Flows from Financing Activities

Net cash used in financing activities for the three months ended March 31, 2026, was - $12,415 thousand, primarily due to repurchases of ordinary shares totaling - $12,267 thousand.

#### Operational Metrics

-   **GigaCloud Marketplace GMV:** Increased by 17.5% year-over-year to $1,664.6 million for the 12 months ended March 31, 2026.
-   **3P seller GigaCloud Marketplace GMV:** Rose by 23.7% year-over-year to $908.6 million for the 12 months ended March 31, 2026, representing 54.6% of total GigaCloud Marketplace GMV.
-   **Active 3P sellers:** Grew by 19.3% year-over-year to 1,377 for the 12 months ended March 31, 2026.
-   **Active buyers:** Increased by 25.2% year-over-year to 12,473 for the 12 months ended March 31, 2026.
-   **Spend per active buyer:** Was $133,457 for the 12 months ended March 31, 2026.

#### Business Outlook

GigaCloud Technology Inc. projects total revenues to be between $365 million and $390 million for the second quarter of 2026. This forecast is based on the company’s current and preliminary views, which are subject to change.

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