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GigaCloud Technology Inc Announces Third Quarter and Nine Months Ended September 30, 2026 Financial Results

GCT
  • GigaCloud Technology Inc reported record quarterly revenue of $423.6 million for Q3 2026, representing a 27.4% year-over-year increase.
  • The company achieved net income of $50.6 million in Q3 2026, up 36.0% year-over-year, with diluted EPS reaching $1.41.
  • Q3 2026 gross margin improved to 24.9% from 23.2% in the same period of 2025, while gross profit rose 36.8% to $105.3 million.
  • Adjusted EBITDA for Q3 2026 reached $61.8 million, a 42.4% increase year-over-year, with adjusted diluted EPS at $1.73.
  • Year-to-date revenue through September 30, 2026, totaled $1,194.7 million, reflecting a 28.9% year-over-year growth.
  • Year-to-date net income stood at $131.1 million, up 32.6% year-over-year, with diluted EPS increasing 40.7% to $3.60.
  • GigaCloud Marketplace GMV grew 24.0% year-over-year to $1,846.2 million for the 12 months ended September 30, 2026.
  • Third-party seller GMV increased 30.6% year-over-year to $1,032.2 million, accounting for 55.9% of total marketplace GMV.
  • Active 3P sellers rose 22.3% to 1,507, while active buyers increased 21.2% to 13,837 during the 12-month period ended September 30, 2026.
  • Spend per active buyer was recorded at $133,425 for the 12 months ended September 30, 2026.
  • Total cash, restricted cash, and investments amounted to $418.0 million as of September 30, 2026.
  • The company expects Q4 2026 total revenues to fall between $425 million and $450 million.
  • A new $120.0 million share repurchase program (2026 Program) was approved on August 5, 2026, replacing the previous 2025 program.
  • During Q3 2026, GigaCloud repurchased 491,831 Class A ordinary shares for approximately $17.7 million.
  • $115 million remains under the current share repurchase authorization, with potential consideration of a special dividend if balances remain unused by August 2029.
  • A conference call to discuss financial results is scheduled for November 5, 2026, at 8:00 am U.S. Eastern Time.