---
schema_version: "secwatch.filing_event.v1"
accession: "0001857816-25-000013"
form_type: "8-K"
ticker: "GCT"
cik: "0001857816"
company_name: "GigaCloud Technology Inc"
filed_at: "2025-03-03T23:59:59+00:00"
generated_at: "2026-05-25T20:42:59.509077+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001857816-25-000013
- form_type: 8-K
- ticker: GCT
- cik: 0001857816
- company_name: GigaCloud Technology Inc
- filed_at: 2025-03-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1857816/000185781625000013/0001857816-25-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857816/000185781625000013/gct-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001857816-25-000013
- JSON: https://secwatch.observer/filing/0001857816-25-000013.json
- Plain text: https://secwatch.observer/filing/0001857816-25-000013.txt

## Key facts
- Executive change
  Xiaoyang Wei was appointed as Chief Financial Officer at GigaCloud Technology Inc.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857816/000185781625000013/0001857816-25-000013-index.htm

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