Shares of GigaCloud Technology Inc (GCT) are soaring 5.11% in Friday's trading session, as investors continue to react positively to the company's impressive first-quarter 2025 financial results released earlier this week. The e-commerce solutions provider's stock has been on an upward trajectory since the earnings announcement, reflecting sustained investor enthusiasm.

GigaCloud significantly outperformed analysts' expectations in its Q1 report, with adjusted earnings per share of $0.83 surpassing the estimated $0.52. The company's sales for the quarter reached $271.91 million, exceeding the projected $259.80 million. Total revenues increased by 8.3% year-over-year, while net income remained stable at $27.1 million, demonstrating robust growth and profitability despite a slight decrease in gross margin.

Operational metrics further bolstered investor confidence, with the GigaCloud Marketplace gross merchandise volume (GMV) growing 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. Additionally, GigaCloud's positive outlook for the second quarter, projecting revenue between $275 million and $305 million, continues to fuel optimism among investors, contributing to the stock's ongoing rally.