secwatch.observer — SEC 8-K summary
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Issuer:     GigaCloud Technology Inc (GCT)
CIK:        0001857816
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001857816-25-000062
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GigaCloud Q1 revenue +8.3% to $271.9M; net income flat; gross margin down; board adds $16M to buyback
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- Revenue $271.9M (+8.3% YoY); net income $27.1M (vs $27.2M); diluted EPS $0.68 (+3.0%).
- Gross profit $63.7M (-4.2%); gross margin 23.4% vs 26.5% YoY; adjusted EBITDA $33.2M (-3.8%).
- Marketplace GMV $1.42B (+56.1% trailing 12M); active buyers 9,966 (+81.4%); 3P sellers 1,154 (+33.4%).
- Q2 2025 revenue guidance: $275M-$305M.
- Board added $16M to share repurchase (total $78M); $61.8M deployed on 3.7M shares through May 12.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857816/000185781625000062/0001857816-25-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857816/000185781625000062/gct-20250512.htm
  HTML page:      https://secwatch.observer/filing/0001857816-25-000062

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