Strong beat and growth guidance support bullish momentum. Monitor operating cash flow trends and inventory levels in next quarter—negative OCF is a watch item but not alarming given growth investment.
Price Chart
Executive Summary
GigaCloud Q1 2026 revenue surged 32.2% YoY to $359.5M, with diluted EPS of $1.04 beating consensus of $0.87 by 19.5%. Gross margin expanded to 23.9%, and Q2 revenue guidance of $365-390M implies continued sequential growth. However, operating cash flow turned negative (-$21.7M) and cash decreased 12.7%, driven by inventory build and receivables.
Key Financial Metrics
Key Facts
- Revenue $359.5M, +32.2% YoY (Q1 2025: $271.9M)
- GAAP diluted EPS $1.04, +52.9% YoY, vs consensus $0.87 (beat 19.5%)
- Gross margin 23.9% vs 23.4% YoY; net income $38.1M, +40.4%
- Q2 2026 revenue guidance $365-390M (midpoint $377.5M)
- Active buyers +25.2% YoY to 12,473; 3P GMV +23.7%
- Operating cash flow -$21.7M vs +$9.4M in Q1 2025; cash $364M, -12.7% from Dec 2025
Financial Impact
Revenue beat by ~$17M vs implied consensus, EPS beat by $0.17 (19.5%). Guidance midpoint suggests ~$18M sequential revenue increase.
Risk Factors
- Negative operating cash flow and inventory build-up
- Cash balance declining due to buybacks and acquisitions
- Geopolitical/macro headwinds cited by management
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001857816-26-000054 |
| Document: gct-20260507.htm | 0001857816-26-000054 |
| Document: 0001857816-26-000054-index-headers.html | 0001857816-26-000054 |
| Document: 0001857816-26-000054-index.html | 0001857816-26-000054 |
| Document: 0001857816-26-000054.txt | 0001857816-26-000054 |
| 8-K Data (Synthetic) | 0001857816-26-000054 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 25, 2026 4w ago | Insider Cluster | $52.62 | awaiting T+60 | — | $59.40 (+12.88%) |
Sep 23, 2026 4w ago | Insider Cluster | $53.91 | awaiting T+60 | — | $59.40 (−10.18%) |
Aug 17, 2026 9w ago | Insider Cluster | $49.07 | awaiting T+60 | — | $59.40 (−21.05%) |
Aug 17, 2026 9w ago | Insider Cluster | $49.07 | awaiting T+60 | — | $59.40 (+21.05%) |
Aug 17, 2026 9w ago | Insider Cluster | $49.07 | awaiting T+60 | — | $59.40 (−21.05%) |
Aug 12, 2026 10w ago | Insider Cluster | $53.23 | awaiting T+60 | — | $59.40 (+11.59%) |
Aug 10, 2026 11w ago | 8-K | $51.52 | awaiting T+60 | — | $59.40 (+15.30%) |
Aug 6, 2026 11w ago | Press Release | $52.40 | awaiting T+60 | — | $59.40 (+13.36%) |
May 7, 2026 24w ago | 8-K | $42.84 $44.94 | ▲ +4.90% | ▲ +1.07% | $59.40 (+38.66%) |
Apr 14, 2026 27w ago | Press Release | $44.96 $34.83 | ▼ −22.53% | ▼ −31.05% | $59.40 (+32.12%) |
US Market Status
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