Filing Flows › GigaCloud Technology (GCT) › How it makes money
How GigaCloud Technology (GCT) makes money
GigaCloud Technology (GCT) made $424M of revenue in the third quarter 2026 (Q3 2026), +27% from a year earlier. Product revenues brought in $288M (68%); Service revenues brought in $136M (32%). Of every dollar of revenue, 25¢ was left as gross profit, 14¢ was left as operating profit, 12¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product revenues | $288M | 67.9% | -1% | +28% |
| Service revenues | $136M | 32.1% | +13% | +26% |
| ↳ Last-mile delivery service | $75.4M | 17.8% | +8% | +24% |
| ↳ Ocean transportation service | $18.2M | 4.3% | +70% | +89% |
| ↳ Warehousing service | $17.0M | 4.0% | +6% | +15% |
| ↳ Packaging service | $9.7M | 2.3% | +5% | +12% |
| ↳ Platform commission | $6.7M | 1.6% | +8% | +36% |
| ↳ Others | $5.8M | 1.4% | +8% | -5% |
| ↳ Drayage service | $3.1M | 0.7% | -0.4% | -7% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $424M | 100.0% |
| Cost of revenue | $318M | 75.1% |
| Gross profit | $105M | 24.9% |
| Operating expenses | $46.2M | 10.9% |
| Operating profit | $59.0M | 13.9% |
| Income tax | $11.4M | 2.7% |
| Net earnings | $50.6M | 11.9% |
| Operating cash flow | $56.4M | 13.3% |
| Free cash flow | $55.8M | 13.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $424M | +27% |
| Q2 2026 | $412M | +28% |
| Q1 2026 | $359M | +32% |
| Q3 2025 | $333M | +10% |
| Q2 2025 | $323M | +4% |
| Q1 2025 | $272M | +8% |
| Q4 2024 | $296M | +21% |
From GigaCloud Technology's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does GigaCloud Technology make money?
GigaCloud Technology (GCT) made $424M of revenue in the third quarter 2026 (Q3 2026), +27% from a year earlier. Product revenues brought in $288M (68%); Service revenues brought in $136M (32%). Of every dollar of revenue, 25¢ was left as gross profit, 14¢ was left as operating profit, 12¢ was left as net earnings.
What is GigaCloud Technology's biggest business?
Product revenues: $288M in the third quarter 2026, 68% of revenue, +28% from a year earlier.
What is GigaCloud Technology's profit margin?
Net earnings were $50.6M, 11.9% of revenue, in the third quarter 2026; the operating margin was 13.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.