NASDAQ$GCT
GigaCloud Technology Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
GigaCloud's Q3 2024 performance reflected significant growth in revenue, gross profit, and net income, marking record highs in net income and adjusted EBITDA.
GigaCloud Technology Inc. announced strong financial results for the third quarter ended September 30, 2024. Total revenues increased by 70.2% year-over-year to $303.3 million, with net income rising by 68.2% to $40.7 million. The company also reported record-high net income and adjusted EBITDA.
- Total revenues increased by 70.2% to $303.3 million compared to Q3 2023.
- Net income increased by 68.2% to $40.7 million compared to Q3 2023.
- Adjusted EBITDA increased by 63.8% to $48.8 million compared to Q3 2023.
- GigaCloud Marketplace GMV increased 80.2% to $1,233.6 million for the 12 months ended September 30, 2024.
Headline financials
Revenue & EPS history
GigaCloud · Revenue · Quarterly
$303M
Revenue by segment
GigaCloud · $178M total across 2 segments · Q3 2023
- Product Revenues$127M—71.1%
- Service Revenues$51.5M—28.9%
Forward guidance
The Company expects its total revenues to be between $275 million and $290 million in the fourth quarter of 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q3 2024
+3.9%
Avg return
Earnings day
+2.6%
Avg return
5 days after
+6.8%
Avg return
30 days after
53%
9 / 17 earnings
Positive
+32.8%
Q4 2025
Best reaction
-28.1%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.9% | -15.0% | -30.0% | |
| Q4 2025 | +32.8% | +20.6% | +17.8% | |
| Q3 2025 | +30.0% | +26.2% | +57.3% | |
| Q1 2025 | +11.5% | +18.7% | +16.5% | |
| Q4 2024 | -5.4% | -7.3% | -13.0% | |
| Q3 2024 | +28.4% | +7.7% | +2.0% | |
| Q2 2024 | -6.6% | -9.3% | -25.4% | |
| Q1 2024 | -4.6% | -5.5% | -21.8% | |
| Q4 2023 | -2.2% | -17.5% | -9.3% | |
| Q3 2023 | +21.0% | +37.9% | +87.6% | |
| Q2 2023 | +12.3% | +11.8% | +15.6% | |
| Q1 2023 | +2.3% | +14.0% | +37.6% | |
| Q4 2020 | +0.8% | +5.1% | +36.1% | |
| Q4 2021 | +0.8% | +5.1% | +36.1% | |
| Q4 2022 | -14.4% | -13.6% | -5.6% | |
| Q3 2022 | -7.8% | -1.5% | -28.2% | |
| Q2 2022 | -28.1% | -33.1% | -57.6% | |
| Q1 2022 | — | — | — | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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