Gigacloud Technology GCT
Nasdaq · Retail-Catalog & Mail-Order Houses · $2.2B$63.01+8.86%Nov 5 close · Databento
GCT Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing
Nov 5, 2026CLOSE $63.011D +8.86%3M +21.99%SMA20 $58.64SMA50 $54.94RSI(14) 64.0
63.01
RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 64.0
Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.
The numbers
fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via DatabentoMarket cap$2.2B
EV / True FCF10.3x
Revenue$1.3B +11.1%
True FCF (ex-SBC)$177.8M +28.2%
Rule of 4025.3%
ROIC117.3%
True FCF Yield8.0%
EPS, diluted$3.59 +17.7%
Modern Valuation (EOD)
Market Cap$2.2B
Enterprise Value$1.8B
EV / True FCF10.30
EV / FCF10.02
EV / Gross Profit6.09
EV / EBIT12.64
EV / Sales1.42
P / E (GAAP)16.11
P / FCF12.11
P / Oper. CF11.61
P / Book4.56
Owner & Cash Yields
True FCF Yield8.0%
FCF Yield8.3%
Owner Earn. Yield6.0%
Earnings Yield6.2%
Shareholder Yield—
Buyback Yield—
Dividend Yield—
Dividend / sh—
Payout Ratio—
FCF / sh—
EPS (diluted)$3.59
Compounder & Returns
Rule of 4025.3%
ROIC117.3%
Cash ROIC (CROIC)173.7%
GP / Assets25.0%
ROE28.3%
ROA11.4%
Gross Margin23.3%
Oper. Margin11.2%
Net Margin10.6%
FCF Margin14.2%
True FCF Margin13.8%
Quality & Dilution
Cash Conversion133%
Accrual Ratio−4.4%
SBC % of FCF2.7%
SBC % of Rev0.4%
Reinvest. Rate10%
Sales Growth Y/Y+11.1%
Sales 3Y CAGR+38.1%
EPS Growth Y/Y+17.7%
FCF Growth Y/Y+28.2%
FCF 3Y CAGR+55.1%
Share Change Y/Y−7.2%
Balance Sheet & Scale
Revenue (FY)$1.3B
Gross Profit (FY)$300.7M
Oper. Income (FY)$145.0M
GAAP Net Income$137.4M
True FCF (ex-SBC)$177.8M
Cash & Equiv$380.5M
Total Debt—
Net Cash (Debt)$380.5M
Net Cash % MCap+17.2%
Debt / FCF (yrs)0.0y
Current Ratio2.02
Price & Technicals (EOD)
Perf Week+3.94%
Perf Month+12.60%
Perf Quarter+18.33%
Perf Half Y+47.08%
Perf YTD+25.79%
SMA 20 Dist+7.45%$58.64
SMA 50 Dist+14.68%$54.94
SMA 100 Dist+31.29%$47.99
Window High0.00%$63.01
Window Low+99.84%$31.53
RSI (14) · Vol64.050%v
Income Distribution & Cash Flow ConversionHow every dollar of GCT revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow
Where Every $100 of Revenue Goes (FY2025)
Cost of Revenue (COGS)$989.2M ($76.7 / $100)
R&D Reinvestment$10.8M ($0.8 / $100)
Operating Expenses$144.9M ($11.2 / $100)
Tax & Non-Operating$7.6M ($0.6 / $100)
Net Profit Kept$137.4M ($10.6 / $100)
Earnings Quality: GAAP Profit → True Owner Cash (FY2025)
GAAP Net Income$137.4M (10.6% margin)
Operating Cash Flow (OCF)$190.7M(14.8% of rev)
Less: Capital Expenditures−$7.9M(0.6% of rev)
Standard Free Cash Flow (FCF)$182.8M(14.2% margin)
Less: Stock-Based Comp (SBC)−$5.0M(2.7% of FCF)
True FCF (Owner Cash ex-SBC)$177.8M(13.8% of rev)
Revenue by fiscal year
Operating leverage — margins
GrossOperatingNet
| Line Item (USD) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY Δ | 4Y CAGR | Trend |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | $414.2M | $490.1M | $703.8M | $1.2B | $1.3B | +11.1% | +32.8% | |
| Cost of Revenue (COGS) | $324.6M | $407.0M | $515.2M | $875.8M | $989.2M | +13.0% | +32.1% | |
| Gross Profit | $89.6M | $83.1M | $188.6M | $285.2M | $300.7M | +5.4% | +35.3% | |
| Research & Development (R&D) | $0 | $1.4M | $3.9M | $9.8M | $10.8M | +10.6% | — | |
| Total Operating Expenses | $50.2M | $48.1M | $78.6M | $154.6M | $155.7M | +0.7% | +32.7% | |
| Operating Income (EBIT) | $39.4M | $35.0M | $110.1M | $130.6M | $145.0M | +11.0% | +38.5% | |
| Interest Expense | $309,000 | $568,000 | $1.2M | $256,000 | $200,000 | −21.9% | −10.3% | |
| Income Tax Expense | $8.5M | $7.2M | $20.9M | $14.8M | $23.8M | +60.9% | +29.5% | |
| GAAP Net Income | $29.3M | $24.0M | $94.1M | $125.8M | $137.4M | +9.2% | +47.2% | |
| Diluted EPS | $0.88 | $0.60 | $2.30 | $3.05 | $3.59 | +17.7% | +42.1% | |
| Diluted Shares | 10.2M | 24.4M | 40.9M | 41.2M | 38.2M | −7.2% | +39.0% | |
| Balance Sheet | ||||||||
| Cash & Equivalents | $63.9M | $145.1M | $184.2M | $260.4M | $380.5M | +46.1% | +56.2% | |
| Inventory | $81.4M | $78.3M | $132.2M | $172.5M | $188.3M | +9.2% | +23.3% | |
| Total Current Assets | $172.4M | $258.1M | $392.8M | $547.6M | $690.7M | +26.1% | +41.5% | |
| Total Assets | $186.8M | $418.6M | $846.9M | $1.1B | $1.2B | +12.3% | +59.3% | |
| Total Current Liabilities | $57.0M | $102.6M | $205.8M | $264.4M | $342.2M | +29.5% | +56.5% | |
| Total Debt (Short + Long Term) | $927,000 | $414,000 | $0 | $0 | $0 | — | — | |
| Total Liabilities | $60.9M | $223.4M | $556.5M | $665.3M | $716.7M | +7.7% | +85.2% | |
| Stockholders' Equity | $99.2M | $195.2M | $290.4M | $405.2M | $485.8M | +19.9% | +48.8% | |
| Net Cash / (Net Debt) | $62.9M | $144.7M | $184.2M | $260.4M | $380.5M | +46.1% | +56.8% | |
| Invested Capital | $36.2M | $50.5M | $106.2M | $144.8M | $105.3M | −27.3% | +30.5% | |
| Cash Flow & Capital Allocation | ||||||||
| Operating Cash Flow (OCF) | $8.6M | $49.7M | $133.5M | $158.1M | $190.7M | +20.6% | +117.3% | |
| Depreciation & Amortization (D&A) | $775,000 | $1.4M | $2.9M | $8.5M | $8.3M | −2.3% | +81.1% | |
| Stock-Based Compensation (SBC) | $9.7M | $9.2M | $2.5M | $16.8M | $5.0M | −70.6% | −15.4% | |
| Capital Expenditures (CapEx) | $1.8M | $709,000 | $4.4M | $15.5M | $7.9M | −49.3% | +44.1% | |
| Free Cash Flow (FCF) | $6.7M | $48.9M | $129.1M | $142.5M | $182.8M | +28.2% | +128.3% | |
| True FCF (ex-SBC Owner Cash) | $-3.0M | $39.8M | $126.6M | $125.7M | $177.8M | +41.5% | — | |
Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.
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