The financials
GigaCloud Technology Inc. by the numbers
GigaCloud Technology Inc. (GCT) reported revenue of $359M in Q1 2026 (quarter ended March 31, 2026), up 32% from the same quarter a year earlier. That came with a gross margin of 24% and net income of $38M (11% of revenue). For the full year FY2025, revenue was $1.29B (+11% year on year) and net income $137M. Its largest product in 2026-Q2 was Service at $121M, 55% of the disclosed total, just ahead of Last Mile Delivery Service at 24%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $359M | $272M | +32% |
| Gross profit | $86M | $64M | +35% |
| Operating income | $42M | $28M | +50% |
| Net income | $38M | $27M | +40% |
| Diluted EPS | $1.04 | $0.68 | +53% |
| Product | Revenue | Share |
|---|---|---|
| Service | $121M | 55% |
| Last Mile Delivery Service | $54M | 24% |
| Warehousing Service | $14M | 6.3% |
| Ocean Transportation Service | $9.4M | 4.3% |
| Packaging Service | $8.7M | 4.0% |
| Platform Commission | $6.2M | 2.8% |
| Service Other | $4.9M | 2.2% |
| Drayage Service | $2.4M | 1.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $219.8M (+2.6%)
Platform Commission grew +30% year on yearDrayage Service -26% year on year
Segment Latestquarter on quarteryear on year
- Service$120.8M$120.8MQoQ +3.7%year on year +25%+3.7%+25%
- Last Mile Delivery Service$53.5M$53.5MQoQ -1.2%year on year +17%-1.2%+17%
- Warehousing Service$13.9M$13.9MQoQ -5.7%year on year +7.4%-5.7%+7.4%
- Ocean Transportation Service$9.4M$9.4MQoQ +40%year on year +16%+40%+16%
- Packaging Service$8.7M$8.7MQoQ -4.5%year on year +6.6%-4.5%+6.6%
- Platform Commission$6.2M$6.2MQoQ +13%year on year +30%+13%+30%
- Service Other$4.9M$4.9MQoQ +0.21%year on year +5.8%+0.21%+5.8%
- Drayage Service$2.4M$2.4MQoQ -5.6%year on year -26%-5.6%-26%
Software - Infrastructure
Ranks #8 of 78 by Smart Score