Filing Flows › GigaCloud Technology (GCT) › Q2 2025
GigaCloud Technology (GCT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
GigaCloud Technology (GCT) reported revenue of $323M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +19% from the quarter before. Operating margin was 11.1%, net earnings $34.6M (10.7% of revenue).
GigaCloud Technology, Q2 2025: revenue $323M (+4% year over year), operating margin 11.1%, net earnings $34.6M, operating cash flow $38.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $323M | +19% | +4% |
| Gross profit | $76.9M | +21% | +0.7% |
| Operating profit | $35.8M | +27% | +31% |
| Net earnings | $34.6M | +27% | +28% |
| Operating cash flow | $38.6M | +309% | +102% |
| Free cash flow | $37.0M | +426% | +187% |
What changed
Revenue was $322.6M in Q2 2025, up 4% year over year and up 19% from the previous quarter. Product revenues was the largest line at 70% of revenue. Product revenues added $10.6M year over year (up 5%), 90% of the total change. Ocean transportation service declined 46%.
Gross margin was 23.9%, down 0.7 points from a year earlier. Operating profit was $35.8M, a 11.1% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 72% reached operating profit, above the 9% margin then. Operating expenses fell 16% while revenue rose 4%. The fastest-growing cost line was Sales & marketing (+27%). Net earnings were $34.6M, up 28% year over year. The effective tax rate was 15.6%.
Operating cash flow was $38.6M (up 102% year over year), 112% of net earnings. Non-cash charges added back $2.1M of depreciation and amortization and $3.0M of share-based compensation. Capital expenditures of $1.6M left free cash flow of $37.0M.
Questions
What was GigaCloud Technology's revenue in the second quarter 2025?
GigaCloud Technology (GCT) reported revenue of $323M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +19% from the quarter before.
Was GigaCloud Technology profitable in the second quarter 2025?
Operating profit was $35.8M (11.1% of revenue) and net earnings $34.6M.