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GigaCloud Technology GCT Non-US — Operating loss carryforwards

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Other financials

Income statement

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Revenue$411.6M+27.6%
Gross profit$105.6M+37.2%
Operating income$47.5M+32.6%
Net income$42.3M+22.5%
EPS (diluted)$1.16+27.5%

Balance sheet

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Cash & equivalents$335.2M+39.2%
Total debt$507.5M+8.2%
Total equity$534.0M+23.8%
Total assets$1.3B+17.6%

Cash flow

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Operating cash flow$48.4M+25.5%
CapEx$3.3M+110%
Free cash flow$45.1M+21.8%

Valuation

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Market cap$1.9B+67.0%
Enterprise value$2.07B+51.7%
P/E12.2×+3.6×
P/S1.3×+0.3×

Profitability

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Gross margin24%+0.3pp
Operating margin11.6%+0.5pp
Net margin10.6%-0.5pp
FCF margin10.7%-2.9pp

Returns & leverage

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Return on equity32.3%-1.4pp
Debt / equity-0.1×
Current ratio2.1×0.0×

Where this comes from

Reported directly by GigaCloud Technology in its filing.

Tagged under the XBRL concept us-gaap:OperatingLossCarryforwards.

The source filing: GigaCloud Technology’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 7:04 AM EST
Fiscal year
FY2025
Accession
0001857816-26-000018

The net operating loss carryforwards of the Company’s subsidiaries incorporated in the U.S. amounted to $4.5 million, $4.5 million, $3.0 million as of December 31, 2025, 2024 and 2023. As of December 31, 2025, $2.8 million net operating loss carryforwards does not expire, the remainder will begin to expire in 2037. The net operating loss carryforwards of the Company’s foreign subsidiaries amounted to $4.6 million, $8.8 million and $9.7 million as of December 31, 2025, 2024 and 2023. $19 thousand, $185 thousand, $45 thousand, $52 thousand, $206 thousand, $403 thousand, $1.2 million and $4 thousand will expire if unused by December 31, 2026, 2027, 2028, 2029, 2030, 2033, 2034 and 2035, respectively. As of December 31, 2025, the net operating loss carryforwards of the Company’s foreign subsidiaries amounted to $2.5 million, do not expire.

Item 8. Financial Statements and Supplementary Data

FAQ

What is GigaCloud Technology's non-us — operating loss carryforwards?
GigaCloud Technology (GCT) reported non-us — operating loss carryforwards of $4.6M in Q4 2025.
What does non-us — operating loss carryforwards mean?
This metric represents the total accumulated tax losses generated by operations outside of the United States that can be applied to offset future taxable income in those specific jurisdictions. It serves as a potential tax shield that may reduce future cash tax outflows for international business segments. Investors monitor this to assess the tax efficiency and potential future earnings quality of non-domestic operations.

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