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GigaCloud Technology (GCT) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · GigaCloud Technology (GCT) Q3 2026 earnings results →
Q3 2026 Revenue up 27% year over year to $424M · 12¢ of every $1 of revenue kept as net profit · operating margin 13.9%
GigaCloud Technology made $424M in Q3 2026 (+27% Y/Y): Product revenues $288M, Service revenues $136M. Operating margin 13.9%, net earnings $50.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $423.6M in Q3 2026, up 27% year over year and up 3% from the previous quarter. Product revenues was the largest line at 68% of revenue. Product revenues added $63.3M year over year (up 28%), 70% of the total change. Drayage service declined 7%.
Gross margin was 24.9%, up 1.7 points from Q3 2025. Operating profit was $59.0M, a 13.9% margin (up 1.8 points year over year). Of the extra revenue versus Q3 2025, 20% reached operating profit, above the 12% margin then. Operating expenses grew 27% against revenue growth of 27%. The fastest-growing cost line was Sales & marketing (+36%). Net earnings were $50.6M, up 36% year over year. The effective tax rate was 18.4%.
Operating cash flow was $56.4M (down 28% year over year), 111% of net earnings. Non-cash charges added back $2.3M of depreciation and amortization and $879K of share-based compensation. Capital expenditures of $537K left free cash flow of $55.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $424M | +27% | 13.9% | $50.6M | $56.4M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $412M | +28% | 11.5% | $42.3M | $48.4M |
| Q1 2026 | 10-Q | May 7, 2026 | $359M | +32% | 11.8% | $38.1M | −$21.7M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $333M | +10% | 12.2% | $37.2M | $78.2M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $323M | +4% | 11.1% | $34.6M | $38.6M |
| Q1 2025 | 10-Q | May 12, 2025 | $272M | +8% | 10.4% | $27.1M | $9.4M |
| Q4 2024 | 10-K | Mar 3, 2025 | $296M | +21% | 9.3% | $31.0M | $68.4M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About GigaCloud Technology
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.
In its own words, from its 10-K, filed Feb 26, 2026.
GigaCloud Technology against its Retail-Catalog & Mail-Order Houses peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +27% against the peers' median +10%. Operating margin: 13.9% against the peers' median 3.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GCT GigaCloud Technology | Q3 2026 | $424M | +27% | 13.9% |
| AMZN Amazon.com | Q3 2026 | $201.9B | +12% | 13.9% |
| CPNG Coupang | Q3 2026 | $10.0B | +8% | -4.5% |
| CDW CDW | Q3 2026 | $6.8B | +18% | 7.2% |
| W Wayfair | Q3 2026 | $3.4B | +10% | 3.1% |
| CHWY Chewy | Q2 FY27 | $3.3B | +7% | 2.8% |
| NSIT Insight Enterprises | Q3 2026 | $2.4B | +22% | 2.8% |
| Old QVC Group | Q2 2026 | $2.0B | -11% | 2.6% |
| QVCG QVC Group | Q2 2026 | $1.8B | -11% | 3.5% |
Source: GigaCloud Technology 10-Q on SEC EDGAR · CIK 1857816 · Retail-Catalog & Mail-Order Houses
Guidance and outlook
More on GCT
- How GigaCloud Technology makes money: revenue by segment
- GigaCloud Technology next earnings date and what analysts expect
- GigaCloud Technology stock forecast, price target and fair value
- GigaCloud Technology guidance and outlook
- Is GigaCloud Technology a takeover target? LBO and rumors
- GigaCloud Technology recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results
- GigaCloud Technology guidance history: guided vs reported
- GigaCloud Technology gross margin by quarter
- GigaCloud Technology operating margin by quarter
- GigaCloud Technology net income by quarter
- GigaCloud Technology free cash flow by quarter
- GigaCloud Technology R&D spending by quarter
- GigaCloud Technology capital expenditures by quarter
- GigaCloud Technology Product revenues revenue by quarter
- GigaCloud Technology Service revenues revenue by quarter