<span item_type="fundamental" item_id="25c977d8775f085e1a431a6cb5654c2f" counter_id="ST/US/GCT" env="prod"></span><span item_type="announcement" item_id="645686636206360193" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 359.49 M, beating the estimate of USD 342.57 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 1.04, beating the estimate of USD 0.825.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 39.62 M.</p><p></p><h4>Gross Profit</h4><p>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857816/000185781626000054/gct-2026q1earningsrelease.htm"></span></p><h4>Net Income</h4><p>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857816/000185781626000054/gct-2026q1earningsrelease.htm"></span></p><h4>Adjusted EBITDA</h4><p>Adjusted EBITDA for the first quarter of 2026 reached $45.6 million, an increase of 37.3% year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857816/000185781626000054/gct-2026q1earningsrelease.htm"></span></p><h4>Cash and Investments</h4><p>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857816/000185781626000054/gct-2026q1earningsrelease.htm"></span></p><h4>Cash Flows from Operating Activities</h4><p>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857816/000185781626000054/gct-2026q1earningsrelease.htm"></span></p><h4>Cash Flows from Investing Activities</h4><p>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857816/000185781626000054/gct-2026q1earningsrelease.htm"></span></p><h4>Cash Flows from Financing Activities</h4><p>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857816/000185781626000054/gct-2026q1earningsrelease.htm"></span></p><h4>Operational Metrics</h4><ul><li><strong>GigaCloud Marketplace GMV:</strong> Increased by 17.5% year-over-year to $1,664.6 million for the 12 months ended March 31, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857816/000185781626000054/gct-2026q1earningsrelease.htm"></span></li><li><strong>3P seller GigaCloud Marketplace GMV:</strong> 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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857816/000185781626000054/gct-2026q1earningsrelease.htm"></span></li><li><strong>Active 3P sellers:</strong> Grew by 19.3% year-over-year to 1,377 for the 12 months ended March 31, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857816/000185781626000054/gct-2026q1earningsrelease.htm"></span></li><li><strong>Active buyers:</strong> Increased by 25.2% year-over-year to 12,473 for the 12 months ended March 31, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857816/000185781626000054/gct-2026q1earningsrelease.htm"></span></li><li><strong>Spend per active buyer:</strong> Was $133,457 for the 12 months ended March 31, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857816/000185781626000054/gct-2026q1earningsrelease.htm"></span></li></ul><h4>Business Outlook</h4><p>GigaCloud Technology Inc. projects total revenues to be between $365 million and $390 million for the second quarter of 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857816/000185781626000054/gct-2026q1earningsrelease.htm"></span> This forecast is based on the company’s current and preliminary views, which are subject to change.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1857816/000185781626000054/gct-2026q1earningsrelease.htm"></span></p>

GigaCloud Tech | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 359.49 M