Shares of GigaCloud Technology Inc (GCT) surged 18.87% in after-hours trading on Monday, following the release of the company's impressive first-quarter 2025 financial results. The e-commerce solutions provider significantly outperformed analysts' expectations, driving investor enthusiasm.

GigaCloud reported adjusted earnings per share of $0.83, handily beating the estimated $0.52. The company's sales for the quarter reached $271.91 million, surpassing the projected $259.80 million. Total revenues increased by 8.3% year-over-year, while net income remained stable at $27.1 million. Despite a slight decrease in gross margin to 23.4% from 26.5% in the previous year, the overall financial performance demonstrated robust growth and profitability.

Operational metrics also showed strong momentum. The GigaCloud Marketplace gross merchandise volume (GMV) grew by an impressive 56.1% year-over-year to $1,416.7 million for the 12 months ended March 31, 2025. The number of active buyers on the platform surged by 81.4% to 9,966, indicating rapid expansion of the company's user base. Looking ahead, GigaCloud provided a positive outlook for the second quarter, projecting revenue between $275 million and $305 million, further fueling investor optimism and contributing to the stock's after-hours rally.