Filing Flows › GigaCloud Technology (GCT) › Q3 2025
GigaCloud Technology (GCT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
GigaCloud Technology (GCT) reported revenue of $333M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +3% from the quarter before. Operating margin was 12.2%, net earnings $37.2M (11.2% of revenue).
GigaCloud Technology, Q3 2025: revenue $333M (+10% year over year), operating margin 12.2%, net earnings $37.2M, operating cash flow $78.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $333M | +3% | +10% |
| Gross profit | $77.0M | +0.1% | -0.3% |
| Operating profit | $40.5M | +13% | -0.5% |
| Net earnings | $37.2M | +8% | -9% |
| Operating cash flow | $78.2M | +103% | +42% |
| Free cash flow | $77.1M | +108% | +50% |
What changed
Revenue was $332.6M in Q3 2025, up 10% year over year and up 3% from the previous quarter. Product revenues was the largest line at 67% of revenue. Product revenues added $31.3M year over year (up 16%), 107% of the total change. Ocean transportation service declined 63%.
Gross margin was 23.2%, down 2.3 points from a year earlier. Operating profit was $40.5M, a 12.2% margin (down 1.2 points year over year). Operating profit fell $203K even though revenue rose $29.3M versus a year earlier, so costs grew faster than sales. Operating expenses grew 0% against revenue growth of 10%. The fastest-growing cost line was Sales & marketing (+37%). Net earnings were $37.2M, down 9% year over year. The effective tax rate was 15.6%.
Operating cash flow was $78.2M (up 42% year over year), 210% of net earnings. Non-cash charges added back $2.1M of depreciation and amortization and $349K of share-based compensation. Working capital and other items added $38.6M. Capital expenditures of $1.2M left free cash flow of $77.1M.
Questions
What was GigaCloud Technology's revenue in the third quarter 2025?
GigaCloud Technology (GCT) reported revenue of $333M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +3% from the quarter before.
Was GigaCloud Technology profitable in the third quarter 2025?
Operating profit was $40.5M (12.2% of revenue) and net earnings $37.2M.