Furniture World News Desk on
8/7/2025
GigaCloud Technology Inc (Nasdaq: GCT), a provider of global end-to-end B2B technology solutions for large parcel merchandise, announced operational highlights for the second quarter and first half of 2025.
Second Quarter 2025 Highlights
- Total revenue of $322.6 million, up 3.8% year-over-year.
- Gross profit of $76.9 million, up 0.7% year-over-year, with a gross margin of 23.9%.
- Net income of $34.6 million, up 28.1% year-over-year, with a net income margin of 10.7%.
Year-to-Date 2025 Highlights
- Total revenue of $594.5 million, up 5.8% year-over-year.
- Gross profit of $140.7 million, down 1.6% year-over-year, with a gross margin of 23.7%.
- Net income of $61.7 million, up 13.8% year-over-year.
Marketplace Performance
- GigaCloud Marketplace GMV increased 31.0% year-over-year to $1.44 billion for the 12 months ended June 30, 2025.
- Third-party (3P) seller GMV increased 32.5% year-over-year to $757.5 million, representing 52.7% of total Marketplace GMV.
- Active 3P sellers increased 24.9% year-over-year to 1,162.
- Active buyers increased 50.9% year-over-year to 10,951.
- Average spend per active buyer was $131,359 for the 12 months ended June 30, 2025.
“Despite a challenging environment, we continue to grow and have achieved our highest quarterly revenue to date – a milestone powered by accelerating performance from our Noble House portfolio, which is now becoming a meaningful margin contributor. These results validate the strength of our Marketplace and the differentiated advantages of our Supplier Fulfilled Retailing® (SFR®) model,” said Larry Wu, Founder, Chief Executive Officer, and Chairman. “We are attracting new Marketplace participants, expanding our European footprint as we work to grow its scale to that of the U.S. market, and enhancing our ability to transform and reinvent the way big and bulky merchandise is bought and sold through one single technology-driven platform.”
About GigaCloud Technology Inc
GigaCloud Technology Inc is a pioneer of global end-to-end B2B technology solutions for large parcel merchandise. The Company’s B2B ecommerce platform, which it refers to as the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. The Company offers a truly comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories such as home appliances and fitness equipment. For more information, visit gigacloudtech.com.
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