GigaCloud Tech | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 332.64 M

LB filings
2025.11.06 21:31
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Revenue: As of FY2025 Q3, the actual value is USD 332.64 M, beating the estimate of USD 300.96 M.

EPS: As of FY2025 Q3, the actual value is USD 0.99, beating the estimate of USD 0.7233.

EBIT: As of FY2025 Q3, the actual value is USD 37.47 M.

Segment Revenue

  • Total Revenues: $332.6 million for the three months ended September 30, 2025, compared to $303.3 million for the same period in 2024, representing a 9.7% increase.
  • Service Revenues: $108.4 million for the three months ended September 30, 2025, a decrease of 1.7% from $110.3 million in the same period in 2024.
  • Product Revenues: $224.3 million for the three months ended September 30, 2025, an increase from $192.9 million in the same period in 2024.

Operational Metrics

  • Net Income: $37.2 million for the three months ended September 30, 2025, compared to $40.7 million for the same period in 2024.
  • Gross Profit: $77.0 million for the three months ended September 30, 2025, compared to $77.3 million for the same period in 2024.
  • Operating Income: $40.5 million for the three months ended September 30, 2025, compared to $40.7 million for the same period in 2024.

Cash Flow

  • Net Cash Provided by Operating Activities: $126.3 million for the nine months ended September 30, 2025, compared to $89.7 million for the same period in 2024.
  • Net Cash Provided by Investing Activities: $3.6 million for the nine months ended September 30, 2025, compared to net cash used of $54.0 million for the same period in 2024.
  • Net Cash Used in Financing Activities: $57.7 million for the nine months ended September 30, 2025, compared to $1.6 million for the same period in 2024.

Unique Metrics

  • GigaCloud Marketplace GMV: $1,488.5 million for the 12 months ended September 30, 2025, representing a 20.7% increase from $1,233.6 million for the same period in 2024.
  • Active 3P Sellers: Increased to 1,232 for the 12 months ended September 30, 2025, from 1,051 for the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: The company plans to expand its active buyers by enhancing marketplace product offerings and leveraging referrals from existing users.
  • Non-Core Business: The company announced a planned acquisition of New Classic Home Furnishings, Inc. for $18 million in cash, aiming to expand its channel-agnostic B2B marketplace and enhance domestic distribution capabilities.
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