secwatch.observer — SEC 8-K summary
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Issuer:     GigaCloud Technology Inc (GCT)
CIK:        0001857816
Form:       8-K
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0001857816-25-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857816/000185781625000013/0001857816-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857816/000185781625000013/gct-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001857816-25-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer