GigaCloud (GCT) Revenue & Revenue Breakdown


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GigaCloud Revenue Highlights


Latest Revenue (Y)

$703.83M

Latest Revenue (Q)

$303.32M

Main Segment (Y)

Product

Main Geography (Y)

UNITED STATES

GigaCloud Revenue by Period


GigaCloud Revenue by Year

DateRevenueChange
2023-12-31$703.83M43.62%
2022-12-31$490.07M18.32%
2021-12-31$414.20M50.36%
2020-12-31$275.48M125.26%
2019-12-31$122.30M-

GigaCloud generated $703.83M in revenue during NA 2023, up 43.62% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

GigaCloud Revenue by Quarter

DateRevenueChange
2024-09-30$303.32M-2.43%
2024-06-30$310.87M23.81%
2024-03-31$251.08M2.59%
2023-12-31$244.74M37.36%
2023-09-30$178.17M16.35%
2023-06-30$153.13M19.82%
2023-03-31$127.80M1.75%
2022-12-31$125.60M-1.87%
2022-09-30$128.00M3.20%
2022-06-30$124.03M10.30%
2022-03-31$112.44M7.90%
2021-12-31$104.21M0.50%
2021-09-30$103.69M-7.23%
2021-06-30$111.77M18.24%
2021-03-31$94.53M21.60%
2020-12-31$77.73M-
2020-09-30$77.73M1.75%
2020-06-30$76.40M75.18%
2020-03-31$43.61M-

GigaCloud generated $303.32M in revenue during Q3 2024, up -2.43% compared to the previous quarter, and up 198.08% compared to the same period a year ago.

GigaCloud Revenue Breakdown


GigaCloud Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22
Product$504.65M$349.44M
Packaging service$17.30M-
Service, Other$20.60M$16.81M
Service$199.18M$140.63M

GigaCloud's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (68.04%), Service (26.85%), Service, Other (2.78%), and Packaging service (2.33%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24
Service, Other$7.85M$7.66M
Product$202.94M$183.66M
Service$100.37M$67.42M
Packaging service$7.48M$6.28M

GigaCloud's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product (63.69%), Service (31.50%), Service, Other (2.46%), and Packaging service (2.35%).

GigaCloud Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23
UNITED STATES$373.84M
Others$15.30M
JAPAN$44.35M
GERMANY$71.16M
HONG KONG$11.19M

GigaCloud's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (72.47%), GERMANY (13.80%), JAPAN (8.60%), Others (2.97%), and HONG KONG (2.17%).

Quarterly Revenue by Country

CountrySep 24Mar 24
GERMANY$46.76M$29.27M
Others$5.64M$4.13M
UNITED STATES$138.26M$140.32M
JAPAN$12.28M$9.94M
HONG KONG$4.25M$3.60M

GigaCloud's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (66.73%), GERMANY (22.57%), JAPAN (5.93%), Others (2.72%), and HONG KONG (2.05%).

GigaCloud Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
STEMStem$461.51B$29.29M
ADBEAdobe$19.41B$5.41B
VMWVMware$13.35B$3.41B
PANWPalo Alto Networks$8.03B$1.98B
CRWDCrowdStrike$3.06B$963.87M
PLTRPalantir$2.23B$725.52M
ZSZscaler$2.17B$553.20M
NTNXNutanix$2.15B$524.58M
PATHUiPath$1.31B$316.25M
NEWRNew Relic$925.63M$242.76M
PGYPagaya$772.81M$257.23M
GCTGigaCloud$703.83M$303.32M
TLSTelos$145.38M$28.50M
CETXCemtrex$59.37M$6.19M
IRNTIronNet$27.26M$6.97M
ALARAlarum$26.50M$8.38M
ARQQArqit Quantum$640.00K$59.50K

GCT Revenue FAQ


What is GigaCloud’s yearly revenue?

GigaCloud's yearly revenue for 2023 was $703.83M, representing an increase of 43.62% compared to 2022. The company's yearly revenue for 2022 was $490.07M, representing an increase of 18.32% compared to 2021. GCT's yearly revenue for 2021 was $414.2M, representing an increase of 50.36% compared to 2020.

What is GigaCloud’s quarterly revenue?

GigaCloud's quarterly revenue for Q3 2024 was $303.32M, a -2.43% decrease from the previous quarter (Q2 2024), and a 70.24% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $310.87M, a 23.81% increase from the previous quarter (Q1 2024), and a 103.01% increase year-over-year (Q2 2023). GCT's quarterly revenue for Q1 2024 was $251.08M, a 2.59% increase from the previous quarter (Q4 2023), and a 96.47% increase year-over-year (Q1 2023).

What is GigaCloud’s revenue growth rate?

GigaCloud's revenue growth rate for the last 3 years (2021-2023) was 69.93%, and for the last 5 years (2019-2023) was 475.51%.

What are GigaCloud’s revenue streams?

GigaCloud's revenue streams in c 23 are Product, Packaging service, Service, Other, and Service. Product generated $504.65M in revenue, accounting 68.04% of the company's total revenue, up 44.41% year-over-year. Packaging service generated $17.3M in revenue, accounting 2.33% of the company's total revenue Service, Other generated $20.6M in revenue, accounting 2.78% of the company's total revenue, up 22.51% year-over-year. Service generated $199.18M in revenue, accounting 26.85% of the company's total revenue, up 41.64% year-over-year.

What is GigaCloud’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of GigaCloud was Product. This segment made a revenue of $504.65M, representing 68.04% of the company's total revenue.