GigaCloud reports 2024 revenue >$1B (+65%); Q4 net income down 13%; appoints CFO

GigaCloud Technology Inc

Q4 2024 revenue $295.8M (+20.9% YoY), net income $31.0M (-12.9%), diluted EPS $0.76 (-12.6%).
Full year 2024 revenue $1,161.0M (+65.0%), net income $125.8M (+33.7%), diluted EPS $3.05 (+32.6%).
Marketplace GMV $1,341.4M (+68.9%); gross margin declined to 24.6% from 26.8% in 2023.
Appointed Xiaoyang Wei (Erica) as CFO effective Feb 26, 2025; previously interim CFO since Aug 2024.
CFO base salary $25,647/month plus $100K annual other comp; eligible for share incentive plan.

item 2.02 item 5.02 item 9.01

Executive movements

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Role change

Xiaoyang Wei

Chief Financial Officer

GCT · GigaCloud Technology Inc

Effective: 2025-02-26
Filed: March 3, 2025, 6:59 PM ET

On February 26, 2025 , the Board of Directors of the Company approved the appointment of Ms. Xiaoyang Wei, Erica, 33, as the Company’s Chief Financial Officer, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Xiaoyang Wei was appointed as Chief Financial Officer at GigaCloud Technology Inc.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On February 26, 2025 , the Board of Directors of the Company approved the appointment of Ms. Xiaoyang Wei, Erica, 33, as the Company’s Chief Financial Officer, effective immediately.

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GigaCloud Technology Inc filing history →

Source: SEC EDGAR

accession 0001857816-25-000013

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