Overview
GigaCloud Q3 revenue grows 9.7% yr/yr to $332.6 mln
Adjusted EBITDA beats analyst expectations despite challenging environment
Company plans $18 mln acquisition of New Classic Home Furnishings
Outlook
GigaCloud expects Q4 2025 revenue between $328 mln and $344 mln
Result Drivers
MARKETPLACE GROWTH - GigaCloud Marketplace GMV increased 20.7% yr/yr, indicating strong demand and engagement
DISCIPLINED EXECUTION - CEO cites resilience and disciplined execution as key to scaling in a difficult environment
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $332.6 mln | ||
Q3 Net Income | $37.2 mln | ||
Q3 Adjusted EBITDA | Beat | $43.4 mln | $33.1 mln (4 Analysts) |
Q3 Gross Margin | 23.2% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for GigaCloud Technology Inc is $34.50, about 20.6% above its November 5 closing price of $27.38
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago
Press Release: ID:nGNX3RvZ1c
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)