GigaCloud Technology, Inc. Class A (GCT)

In April 2025, GigaCloud's board increased a previously authorized share repurchase program by $16 million, followed by a new three-year, $111 million buyback program in August 2025. The company reported its Q2 2025 earnings on August 7th, beating analysts' consensus estimates, after which Lake Street Capital raised its target price for GCT to $33.00 and issued a "buy" rating on August 8th. In September 2025, CEO Lei Wu and COO Xinyan Hao sold shares totaling over $3.2 million in insider sales. In October 2025, Wall Street Zen downgraded GigaCloud Technology to a "Hold" rating, while Zacks Research upgraded the stock from a "Hold" to a "Strong-Buy" rating. The stock experienced a significant rally since April 2025, with a +136.9% increase from its bottom in April 2025 to August 2025.

GigaCloud Technology's business experiences demand seasonality, influencing the company's guidance for Q4 and potentially lowering the "take-rate" in Q1. The company's performance is also influenced by broader consumer discretionary spending trends. While historical data suggests a short bias for October, with a potentially stronger period around mid-November, the available data for detailed seasonality analysis is limited. The trend of U.S. consumers "trading down" is anticipated to positively affect the GigaCloud marketplace.

GigaCloud Technology Inc. is an e-commerce company providing B2B solutions for large parcel merchandise globally, operating in the Consumer Discretionary sector, specifically in the Catalog/Specialty Distribution industry, and also categorized under E-commerce & Auction Services and Technology Services. The company's core business revolves around the GigaCloud Marketplace, a B2B online platform where businesses can buy and sell bulky items across different countries. GigaCloud employs a supplier-fulfilled retailing model, streamlining transactions by integrating product listings, payments, storage, shipping, and last-mile delivery directly from manufacturers to the retailer's customer. Beyond its marketplace, GigaCloud's services include cross-border B2B marketplace solutions, fulfillment, and last-mile delivery, and it also generates revenue from cloud services and technology products.

Headquartered in El Monte, California, GigaCloud Technology Inc. also maintains a registered presence in the Cayman Islands and the U.S., with principal offices in Hong Kong. Its global marketplace connects manufacturers, predominantly from Asia, with resellers located in the United States, Asia, and Europe. GigaCloud has established a global network of warehouses spanning North America, Europe, and Asia, including locations in Savannah, Georgia, Rancho Cucamonga, California, and Bremen, Germany. The company also has operations in Japan and Canada.

In November 2024, Forbes recognized GigaCloud as number 1 on its "Most Successful Small-Cap" list, but the company's reputation has faced challenges. In September 2023, a short-seller report by Culper Research accused GigaCloud of overstated operations and undisclosed related-party transactions. To address concerns, GigaCloud moved its headquarters to California and made strategic acquisitions of U.S. operations, such as Noble House Home Furnishings and Apexis (rebranded as Wonder) in November 2023, to distance itself from the "China risk" perception among investors.

GigaCloud Technology Inc. has a diverse ownership structure, including institutional, insider, and retail investors. Institutional investors hold approximately 34.94% of the company's stock, with major holders including BlackRock, Inc., Susquehanna International Group, Llp, Vanguard Group Inc, iShares Russell 2000 ETF (IWM), Geode Capital Management, Llc, State Street Corp, Fmr Llc, Nuveen, LLC, Citadel Advisors Llc, and Franklin Resources Inc. Insiders own about 24.71% of the stock, with the largest individual shareholder being Frank Hurst Lin, who owns 14.39% of the company's shares.