GCT on Nasdaq
GigaCloud Technology Inc
We are a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise.4 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerGCT on Nasdaq1
- IndustryRetail-Catalog & Mail-Order Houses1
- HeadquartersEl Monte, California1
- Incorporated inCayman Islands3
- Business address4388 Shirley Avenue, El Monte, Ca 917313
- Filer categoryAccelerated filer3
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We are a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise. Our B2B ecommerce platform, which we refer to as the “GigaCloud Marketplace,” integrates everything from product discovery to payments to logistics tools into one easy-to-use platform. Our global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Europe and Japan, to execute cross-border transactions with confidence, speed and efficiency. We offer a truly comprehensive solution that transports products from manufacturers’ warehouses to end customers, all at one fixed price. We first launched our marketplace in January 2019 by focusing on the global furniture market and have since expanded into additional categories such as home appliances and fitness equipment. GigaCloud Marketplace is one of the fastest growing large parcel B2B marketplaces wi…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development1¢$10.8M
- Other costs87¢$1.1B
- Income tax2¢$23.8M
- Profit11¢$137.4M
Out of $1.3B in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Capital spending4¢$7.9M
- Kept or used elsewhere96¢$182.8M
Out of $190.7M of cash from operations.2
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $275.5M5 | $414.2M6 | $490.1M7 | $703.8M2 | $1.2B2 | $1.3B2 | |
| Gross profit | $75.1M5 | $89.6M6 | $83.1M7 | $188.6M2 | $285.2M2 | $300.7M2 | |
| Research and development | $05 | $06 | $1.4M7 | $3.9M2 | $9.8M2 | $10.8M2 | |
| Operating expenses | $50.2M6 | $48.1M7 | $78.6M2 | $154.6M2 | $155.7M2 | ||
| Operating income | $44.2M5 | $39.4M6 | $35.0M7 | $110.1M2 | $130.6M2 | $145.0M2 | |
| Interest | $46.0K5 | $309.0K6 | $568.0K6 | $1.2M6 | |||
| Income before tax | $37.7M6 | $31.2M7 | $115.0M2 | $140.6M2 | $161.2M2 | ||
| Income tax | $7.8M5 | $8.5M6 | $7.2M7 | $20.9M2 | $14.8M2 | $23.8M2 | |
| Net income | $37.5M5 | $29.3M6 | $24.0M7 | $94.1M2 | $125.8M2 | $137.4M2 | |
| Earnings per share | $1.365 | $0.886 | $0.607 | $2.312 | $3.062 | $3.602 | |
| Earnings per share (diluted) | $1.365 | $0.886 | $0.607 | $2.302 | $3.052 | $3.592 | |
| Shares (weighted, basic) | 10.2M shares6 | 24.4M shares7 | 40.8M shares2 | 41.1M shares2 | 38.2M shares2 | ||
| Shares (weighted, diluted) | 10.2M shares6 | 24.4M shares7 | 40.9M shares2 | 41.2M shares2 | 38.2M shares2 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $5.6M5 | $62.2M6 | $63.2M5 | $143.5M6 | $183.3M7 | $259.8M2 | $379.8M2 |
| Receivables | $18.0M5 | $27.1M6 | $58.9M7 | $57.3M2 | $66.0M2 | ||
| Inventory | $81.4M5 | $78.3M6 | $132.2M7 | $172.5M2 | $188.3M2 | ||
| Current assets | $172.4M5 | $258.1M6 | $392.8M7 | $547.6M2 | $690.7M2 | ||
| Property, plant and equipment | $11.1M5 | $13.1M6 | $24.6M6 | ||||
| Goodwill | $02 | $12.6M2 | $12.6M2 | $12.6M2 | |||
| Intangible assets | $06 | $06 | $8.4M7 | $6.2M2 | $5.0M2 | ||
| Total assets | $186.8M5 | $418.6M6 | $846.9M7 | $1.1B2 | $1.2B2 | ||
| Accounts payable | $25.1M5 | $31.6M6 | $69.8M7 | $78.2M2 | $105.4M2 | ||
| Short-term debt | $345.0K5 | $207.0K6 | $06 | ||||
| Current liabilities | $57.0M5 | $102.6M6 | $205.8M7 | $264.4M2 | $342.2M2 | ||
| Long-term debt | $237.0K5 | $06 | $06 | ||||
| Long-term liabilities | $3.9M5 | $120.8M6 | $350.7M7 | $400.9M2 | $374.4M2 | ||
| Total liabilities | $60.9M5 | $223.4M6 | $556.5M7 | $665.3M2 | $716.7M2 | ||
| Retained earnings | $60.6M5 | $83.6M6 | $177.7M7 | $298.9M2 | $400.9M2 | ||
| Shareholders’ equity | $27.1M5 | $61.6M6 | $99.2M5 | $195.2M2 | $290.4M2 | $405.2M2 | $485.8M2 |
| Shares outstanding | 9.5M shares5 | 11.1M shares6 | 9.3M shares7 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $33.3M5 | $8.6M6 | $49.7M7 | $133.5M2 | $158.1M2 | $190.7M2 | |
| Depreciation and amortization | $775.0K6 | $1.4M7 | $2.9M2 | $8.5M2 | $8.3M2 | ||
| Stock-based compensation | $9.7M6 | $9.2M7 | $2.5M2 | $16.8M2 | $5.0M2 | ||
| Capital spending | $654.0K5 | $1.8M6 | $709.0K7 | $4.4M2 | $15.5M2 | $7.9M2 | |
| Free cash flow | $32.6M | $6.7M | $48.9M | $129.1M | $142.5M | $182.8M | |
| Cash from investing | -$1.8M6 | -$709.0K7 | -$90.5M2 | -$55.4M2 | -$5.1M2 | ||
| Cash from financing | -$3.0M6 | $31.9M7 | -$4.0M2 | -$25.0M2 | -$67.8M2 |
Leadership
Who has led GigaCloud Technology Inc, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerLei Wu Jan 2, 2024 to now12
- PresidentIman Aj Schrock Jan 2, 2024 to now13
- Chief financial officerDavid Kwok Hei Lau Jan 2, 2024 to Apr 12, 202414
- Chief financial officerXiaoyang Wei Aug 19, 2024 to now15
- Chief operating officerXinyan Hao Jan 2, 2024 to now16
Board members and other officers (12)
- Chief Technology OfficerXin Wan Jan 2, 2024 to now17
- Head of BaaS ProgramMarshall Bernes Nov 21, 2024 to now18
- Board memberKenneth E. Lebensburger Jr. Aug 29, 2025 to now19
- Board memberFrank Hurst Lin Jan 2, 2024 to Jul 1, 202420
- Board memberIx L.p. Dcm Jan 2, 2024 to Jul 1, 202420
- Board memberJan William Visser Jan 2, 2024 to now21
- Board memberL. P. Dcm Iv. Jan 2, 2024 to Jul 1, 202420
- Board memberLei Wu Jan 2, 2024 to now12
- Board memberLorri A. Kelley Jan 2, 2024 to now22
- Board memberMatthew C. Bonner Jan 2, 2024 to Jul 1, 202420
- Board memberZhiwu Chen Jan 2, 2024 to now23
- Board memberMarshall Bernes Nov 21, 2024 to now18
Timeline
- Jan 2, 2024New chief executive Lei Wu becomes CEO12
Filings
358 filings to the SEC since October 2021: 4 annual reports, 8 quarterly reports, 30 major events, 146 insider forms, 28 large holders, 142 other. The latest 20:
- Sep 25, 20264 EDGAR
- Sep 23, 20264 EDGAR
- Sep 21, 20264 EDGAR
- Sep 21, 2026144 EDGAR
- Sep 16, 20264 EDGAR
- Sep 14, 2026144 EDGAR
- Aug 21, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 12, 20264 EDGAR
- Aug 12, 20264 EDGAR
- Aug 12, 20264 EDGAR
- Aug 12, 20264 EDGAR
- Aug 12, 2026144 EDGAR
- Aug 12, 2026144 EDGAR
- Aug 11, 2026144 EDGAR
- Aug 10, 2026144 EDGAR
- Aug 10, 2026144 EDGAR
The 358 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
127 open-market trades by officers, directors and large owners since October 2021: 1 buys and 126 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 25, 2026 | Bernes MarshallHead of Brand Center | Sale | 13,800 | $54.31 | $749.5K | Form 4 |
| Sep 24, 2026 | Bernes MarshallHead of Brand Center | Sale | 4,497 | $53.58 | $240.9K | Form 4 |
| Sep 22, 2026 | Bernes MarshallHead of Brand Center | Sale | 15,703 | $53.58 | $841.4K | Form 4 |
| Sep 21, 2026 | Bernes MarshallHead of Brand Center | Sale | 12,000 | $53.47 | $641.6K | Form 4 |
| Sep 18, 2026 | Chen ZhiwuDirector | Sale | 3,000 | $53.12 | $159.4K | Form 4 |
| Sep 16, 2026 | Chen ZhiwuDirector | Sale | 1,500 | $52.96 | $79.4K | Form 4 |
| Sep 14, 2026 | Chen ZhiwuDirector | Sale | 1,500 | $52.38 | $78.6K | Form 4 |
| Aug 13, 2026 | Bernes MarshallHead of Brand Center | Sale | 10,000 | $53.00 | $530.0K | Form 4 |
| Aug 11, 2026 | WAN XINChief Technology Officer | Sale | 60,000 | $50.94 | $3.1M | Form 4 |
| Aug 10, 2026 | Bernes MarshallHead of Brand Center | Sale | 5,000 | $51.88 | $259.4K | Form 4 |
| Aug 10, 2026 | SCHROCK IMAN AJPresident | Sale | 6,679 | $51.91 | $346.7K | Form 4 |
| Mar 20, 2026 | JI XIANG HU TONG HOLDINGS LTDChief Executive Officer | Sale | 32,481 | $40.41 | $1.3M | Form 4 |
| Mar 19, 2026 | JI XIANG HU TONG HOLDINGS LTDChief Executive Officer | Sale | 27,519 | $41.26 | $1.1M | Form 4 |
| Mar 18, 2026 | SHAN LAO HU TONG LLCChief Executive Officer | Sale | 30,000 | $43.21 | $1.3M | Form 4 |
| Mar 17, 2026 | SHAN LAO HU TONG LLCChief Executive Officer | Sale | 30,000 | $43.58 | $1.3M | Form 4 |
| Mar 16, 2026 | SHAN LAO HU TONG LLCChief Executive Officer | Sale | 30,000 | $42.39 | $1.3M | Form 4 |
| Mar 13, 2026 | SHAN LAO HU TONG LLCChief Executive Officer | Sale | 30,000 | $41.36 | $1.2M | Form 4 |
| Mar 12, 2026 | SHAN LAO HU TONG LLCChief Executive Officer | Sale | 30,000 | $42.73 | $1.3M | Form 4 |
| Mar 11, 2026 | SHAN LAO HU TONG LLCChief Executive Officer | Sale | 30,000 | $43.38 | $1.3M | Form 4 |
| Mar 10, 2026 | Wu LeiChief Executive Officer | Sale | 30,000 | $43.23 | $1.3M | Form 4 |
All 127 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Lei WuSCHEDULE 13G/A, 4 filings Feb 9, 2023 to Jul 20, 202624
- FMR LLCSCHEDULE 13G, 1 filing Sep 8, 202525
- L. P. Dcm Iv.SC 13D/A, 9 filings Aug 29, 2022 to Dec 12, 202426
- BlackRockSC 13G, 2 filings Oct 18, 2024 to Nov 8, 202427
- Lianya PanSC 13G/A, 4 filings Feb 8, 2023 to Aug 1, 202428
- Dongsi Er Tiao LtdSC 13G/A, 2 filings Feb 9, 2023 to Feb 2, 202429
- Red Star Macalline Group Corp LtdSC 13G/A, 2 filings Jan 19, 2023 to Feb 2, 202430
- Hua Yuan International LtdSC 13G/A, 2 filings Feb 13, 2023 to Jan 30, 202431
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 4
- 5
- 6
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- 8
- 9
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- 12SEC EDGARLei Wu, Chief executive officer
- 13SEC EDGARIman Aj Schrock, President
- 14
- 15
- 16SEC EDGARXinyan Hao, Chief operating officer
- 17SEC EDGARXin Wan, Chief Technology Officer
- 18
- 19
- 20SEC EDGARFrank Hurst Lin, Board member
- 21SEC EDGARJan William Visser, Board member
- 22SEC EDGARLorri A. Kelley, Board member
- 23SEC EDGARZhiwu Chen, Board member
- 24
- 25
- 26
- 27
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