gct: the income statement

MyFinsight

GigaCloud Technology Inc (GCT)

For the quarter ending 2025-03-31, GCT made $271,906K in revenue. $27,146K in net income. Net profit margin of 9.98%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-03-31	2024-09-30	2024-06-30
Revenues	271,906	303,316	310,867
Cost of revenues	208,180	226,065	234,420
Gross profit	63,726	77,251	76,447
Selling and marketing expenses	18,558	18,605	19,460
Research and development expenses	2,493	2,582	3,097
General and administrative expenses	14,340	15,296	26,280
Losses on disposal of property and equipment	-12	-45	-162
Total operating expenses	35,403	36,528	48,999
Operating income	28,323	40,723	27,448
Interest expense	23	87	59
Government grants	213	21	2
Interest income	2,621	-	2,244
Foreign currency exchange gains (losses), net	792	3,337	-1,107
Others, net	579	1,177	506
Interest income	-	2,703	-
Income before income taxes	32,505	47,874	29,034
Income tax expense	5,359	7,189	2,065
Net income	27,146	40,685	26,969
Net income attributable to ordinary shareholders	27,146	40,685	26,969

Basic eps	0.68	0.98	0.65
Diluted eps	0.68	0.98	0.65
Basic average shares	40,020,265	41,364,886	41,295,216
Diluted average shares	40,138,522	41,395,001	41,407,207

Unit: Thousand (K) dollars (except for numbers of shares and EPS)