{"schema_version":"secwatch.filing_event.v1","accession":"0001857816-24-000126","form_type":"8-K","ticker":"GCT","cik":"0001857816","company_name":"GigaCloud Technology Inc","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.919205+00:00","generated_at":"2026-06-02T07:06:28.393930+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"GigaCloud Q1 revenue jumps 96.5% to $251.1M; guides Q2 revenue $265-280M","bullets":["Revenue $251.1M (+96.5% YoY); net income $27.2M (+71.1%); diluted EPS $0.66 (+69.2%).","Gross margin 26.5% (+340 bps YoY); adjusted EBITDA $34.5M (+74.2%); adjusted EPS $0.84 (+71.4%).","Marketplace GMV $907.7M (+64%); 3P GMV $489.9M (+71.8%); active 3P sellers 865 (+43.7%).","Q2 2024 revenue guidance $265-280M, reflecting current market and operational conditions.","Launched Branding-as-a-Service (BaaS) leveraging Christopher Knight Home brand for sellers."],"urls":{"canonical":"https://secwatch.observer/filing/0001857816-24-000126","json":"https://secwatch.observer/filing/0001857816-24-000126.json","markdown":"https://secwatch.observer/filing/0001857816-24-000126.md","text":"https://secwatch.observer/filing/0001857816-24-000126.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1857816/000185781624000126/0001857816-24-000126-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1857816/000185781624000126/gct-20240509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T07:06:28.393930+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"03940241d81dfd147a6a012b111da2a6a57854f0","claim":"GigaCloud Technology Inc reported first quarter ended March 31, 2024 results: revenue Total revenues of $251.1 million, net income Net income of $27.2 million, EPS Diluted EPS increased 69.2% to $0.66.","evidence_excerpt":"2024, including substantial growth in revenue, gross profit, and net income over the comparable prior year period. First Quarter 2024 Financial Highlights • Total revenues of $251.1 million, increased 96.5% from $127.8 million in the first quarter of 2023. • Gross profit of $66.5 million, increased 124.7% from $29.6 million in the first quarter of 2023. Gross margin","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1857816/000185781624000126/0001857816-24-000126-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"Total revenues of $251.1 million"},{"label":"Net income","value":"Net income of $27.2 million"},{"label":"EPS","value":"Diluted EPS increased 69.2% to $0.66"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}