GRRR on Nasdaq

Gorilla Technology Group Inc.

Gorilla Technology Group Inc. is a prepackaged software services company in the Cayman Islands.1 Its shares trade on Nasdaq under the symbol GRRR.1

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Last updated Oct 20, 2026.

Overview

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  • TickerGRRR on Nasdaq1
  • IndustryServices-Prepackaged Software1
  • HeadquartersE91
  • Incorporated inCayman Islands2
  • Business addressGrand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, Ky1-12052
  • Filer categoryNon-accelerated filer, Emerging growth company2
  • Legal formCorporation

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Gorilla was incorporated in 2001 as a Cayman Islands exempted company, and our principal executive office is located at 64 North Row, London, United Kingdom W1K 7DA. Our legal and commercial name is Gorilla Technology Group Inc. Our company incorporation number is 110283. Our registered office address in the Cayman Islands is located at PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. Gorilla’s ordinary shares were listed on the Nasdaq Capital Market on July 14, 2022. Our website address is https://www.gorilla-technology.com , and our telephone number is +442039880574. Information contained on, or that can be accessed through, our website does not constitute a part of this annual report and is not incorporated by reference herein. We have included our website address in this Annual Report solely for informational purposes. The SEC maintains an Internet site that contains…3 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 2024

50.0%Gross margin4
-89.6%Operating margin4
-86.8%Net margin4
15.4%Revenue growth, 20244
-88.6%Return on equity4
0.06×Debt to equity4
-$30.2MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Security convergence [member] brought in 98% of the revenue Gorilla Technology Group Inc. broke down this way in fiscal 2025.

  1. Security convergence [member]$162.6M598%up 60% from 2024
  2. Video IoT [member]$3.5M52%up 27% from 2024
Business segments by year
Business segments202320242025
Security convergence [member]$73.5M$101.7M$162.6M
Video IoT [member]$2.9M$2.8M$3.5M

Regions

TWMember brought in 100% of the revenue Gorilla Technology Group Inc. broke down this way in fiscal 2025.

  1. TWMember$101.2M5100%up 36% from 2024
  2. United Kingdoms$119.4K50%up 185% from 2024
Regions by year
Regions202320242025
TWMember$64.6M$74.6M$101.2M
United Kingdoms$0$41.9K$119.4K

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue50¢$37.4M
  • Research and development3¢$2.1M
  • Selling, general and admin0¢$264.1K
  • Other costs44¢$32.9M
  • Interest1¢$732.5K
  • Income tax2¢$1.3M

Out of $74.7M in revenue.4 The company lost money this year.

Financial statements

Revenue674$74.7M in 2024+64% since 2020
0$20.0M$40.0M$60.0M$80.0M2020: $45.4M$45.4M20202021: $42.2M$42.2M2021−7%2022: $22.4M$22.4M2022−47%2023: $64.7M$64.7M2023+189%2024: $74.7M$74.7M2024+15%
Gross profit674$37.3M in 2024+101% since 2020
0$20.0M$40.0M$60.0M2020: $18.6M$18.6M20202021: $15.8M$15.8M2021−15%2022: $8.3M$8.3M2022−47%2023: $44.7M$44.7M2023+436%2024: $37.3M$37.3M2024−17%
Operating income674-$66.9M in 2024+1076% since 2020
-$100.0M-$50.0M0$50.0M2020: -$5.7M-$5.7M20202021: -$8.2M-$8.2M2021+43%2022: -$86.5M-$86.5M2022+960%2023: $17.1M$17.1M20232024: -$66.9M-$66.9M2024
Net income674-$64.8M in 2024+994% since 2020
-$100.0M-$50.0M0$50.0M2020: -$5.9M-$5.9M20202021: -$8.5M-$8.5M2021+44%2022: -$87.5M-$87.5M2022+924%2023: $13.5M$13.5M20232024: -$64.8M-$64.8M2024

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Revenue$101.4M$74.7M$64.7M
Cost of revenues-$67.5M-$37.4M-$20.0M
Gross profit$33.9M$37.3M$44.7M
Selling and marketing expenses-$1.6M-$1.1M-$1.6M
General and administrative expenses-$19.8M-$12.4M-$16.6M
Research and development expenses-$3.1M-$2.1M-$3.7M
Expected credit losses-$862.6K-$897.2K-$12.2M
Foreign currency exchange gains (losses), net-$21.0M-$27.8M$78.2K
Fair value measurement of financial instruments, net-$1.0M-$59.5M$6.1M
Other gains (losses), net-$103.9K$32.4K$187.4K
Restructuring costs$0-$432.8K$0
Total operating expenses-$47.5M-$104.3M-$27.7M
Operating income (loss)-$13.7M-$66.9M$17.1M
Interest income$3.3M$1.6M$770.4K
Finance costs-$543.8K-$732.5K-$818.1K
Total non-operating income (expenses)$2.7M$836.7K-$47.7K
Profit (loss) before income tax-$10.9M-$66.1M$17.0M
Income tax (expense) benefit-$341.4K$1.3M-$3.5M
Profit (loss)-$11.3M-$64.8M$13.5M
Remeasurement of defined benefit plans$0-$44.8K$89.5K
Exchange differences on translation of foreign operations-$1.3M-$1.0M$584.8K
Other comprehensive income (loss), net of tax-$1.3M-$1.1M$674.3K
Total comprehensive income (loss)-$12.6M-$65.8M$14.2M
Basic (in dollars per share)-$0.51-$6.13$1.92
Diluted (in dollars per share)-$0.51-$6.13$1.64
Basic (in shares)22.3M shares10.6M shares7.0M shares
Diluted (in shares)22.3M shares10.6M shares7.6M shares

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Corporate structure

Gorilla Technology Group Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Gorilla Technology Group Inc.

  • Alyeska Investment Group, L.P. Filed SCHEDULE 13G on Gorilla Technology Group Inc., latest Aug 14, 2025
  • HIGHBRIDGE CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on Gorilla Technology Group Inc., latest May 2, 2025 (2 filings since Feb 13, 2024)
  • SBI AI&Blockchain Investment LPS Filed SC 13G/A on Gorilla Technology Group Inc., latest Dec 6, 2024 (3 filings since Aug 23, 2022)
  • Asteria Vision Fund I, L.P. Filed SC 13G/A on Gorilla Technology Group Inc., latest Sep 17, 2024 (2 filings since Aug 12, 2022)
  • T Ventures Management Co, Ltd. Filed SC 13G/A on Gorilla Technology Group Inc., latest Aug 25, 2023 (2 filings since Aug 23, 2022)
  • Rivetel Inv. Co., Ltd. Filed SC 13G/A on Gorilla Technology Group Inc., latest Nov 14, 2022 (2 filings since Aug 25, 2022)
  • Origin Rise Ltd Filed SC 13D on Gorilla Technology Group Inc., latest Jul 25, 2022
  • Gorilla Technology Group Inc. E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Gorilla Technology Group Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$14.9M4 Dec 31, 2024$15.9M4 Dec 31, 2023−5.9%
Operating-lease assets (leased space)$505.3K4 Dec 31, 2024$53.0K4 Dec 31, 2023+852.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$21.7M4 Dec 31, 2024$5.3M4 Dec 31, 2023+308.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$2.9M4 Dec 31, 2024$5.9M4 Dec 31, 2023−50.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$5.2K4 Dec 31, 2024$23.1K4 Dec 31, 2023−77.5%

Leadership

Who has led Gorilla Technology Group Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jayesh Chandan2026–now

Chair

  1. Jayesh Chandan2026–now

Chief financial officer

  1. Bruce Bower2026–now
Board members and other officers (5)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • General Manager, AsiaJackie Wang named Jul 29, 202614
  • Chief Technology OfficerRajesh Natarajan named Jul 29, 202614
  • DirectorGregg Walker named Jul 29, 202614

Timeline

  1. Mar 18, 2026New chief executive Jayesh Chandan becomes CEO8

Calendar

Coming up

  1. Nov 16, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.24 a share, on Nov 17, 2025.15

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

174 filings to the SEC since October 2021: 4 annual reports, 16 insider forms, 13 large holders, 1 private raises, 140 other. The latest 20:

  1. Oct 15, 2026424B7 PROSPECTUS SUPPLEMENT EDGAR
  2. Oct 8, 20266-K EDGAR
  3. Aug 24, 20266-K EDGAR
  4. Aug 21, 2026EFFECT EDGAR
  5. Aug 21, 2026424B7 PROSPECTUS SUPPLEMENT EDGAR
  6. Aug 19, 2026305B2 APPLICATION FOR DESIGNATION OF A NEW TRUSTEE EDGAR
  7. Aug 19, 2026F-3/A AMENDMENT NO. 1 TO FORM F-3 EDGAR
  8. Aug 17, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  9. Aug 12, 2026F-3 REGISTRATION STATEMENT EDGAR
  10. Aug 3, 20264 EDGAR
  11. Jul 31, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  12. Jul 29, 2026D EDGAR
  13. Jul 17, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  14. Jul 15, 20264 EDGAR
  15. Jul 15, 20264 EDGAR
  16. Jul 15, 20264 EDGAR
  17. Jul 15, 20264 EDGAR
  18. Jul 15, 20264 OWNERSHIP DOCUMENT EDGAR
  19. Jun 5, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  20. Jun 5, 2026305B2 APPLICATION FOR DESIGNATION OF A NEW TRUSTEE EDGAR

The 174 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

2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 15, 2026Medeiros Evan SDirectorSale12,604$12.16$153.3KForm 4
Apr 14, 2026Medeiros Evan SDirectorSale5,186$12.00$62.2KForm 4

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.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jul 15, 2026Raised $125 million in a private offering of debt Form D: 49 investors so far Form D

SEC filer profile

How Gorilla Technology Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGorilla Technology Group Inc.1
  • CIK0001903145
  • Employer ID (EIN)98-16855161
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company3
  • Incorporated inCayman Islands3
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business addressGrand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, Grand Cayman KY1-1205, Cayman Islands1
  • Phone886-2-2627-79961
  • Shares outstanding26,188,972 shares as of Dec 31, 20253
  • AuditorMarcum Asia CPAs LLP, New York, New York PCAOB ID 53953
  • On EDGAR sinceJan 7, 20221
  • Filings174 in all: 6-K (58), CORRESP (15), 3 (9), UPLOAD (9), 4 (7), EFFECT (7), 144 (6), 424B3 (6)1
    All 33 form types

    F-4/A (6), 424B5 (5), SC 13G (5), SC 13G/A (5), 20-F (4), 305B2 (3), F-1/A (3), F-3 (3), 424B7 (2), 425 (2), 6-K/A (2), F-1 (2), POS AM (2), S-8 (2), 8-A12B (1), CERT (1), D (1), F-3/A (1), F-3MEF (1), F-4 (1), NT 20-F (1), RW (1), SC 13D (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Apr 15, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary SharesGRRRNasdaq
WarrantsGRRRWNasdaq

From the cover page of the 20-F filed Apr 15, 2026 (Section 12(b) of the Exchange Act).3

Sources

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