---
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"
generated_at: "2026-06-02T07:06:28.393930+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# GigaCloud Q1 revenue jumps 96.5% to $251.1M; guides Q2 revenue $265-280M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001857816-24-000126
- JSON: https://secwatch.observer/filing/0001857816-24-000126.json
- Plain text: https://secwatch.observer/filing/0001857816-24-000126.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2024
  - Revenue: Total revenues of $251.1 million
  - Net income: Net income of $27.2 million
  - EPS: Diluted EPS increased 69.2% to $0.66
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1857816/000185781624000126/0001857816-24-000126-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.