GigaCloud Technology (GCT) Cash Flow: Operating & Free Cash Flow

GigaCloud Technology Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for GigaCloud Technology Inc. (GCT) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Operating Activities
Net Income	137.37	125.81	94.11	23.97	29.26	37.46	2.86
Depreciation & Amortization	8.33	8.52	2.87	1.39	0.78	0.23	0.13
Deferred Income Tax	-3.01	0.00	0.40	0.18	0.13	0.62	-0.22
Stock Based Compensation	4.95	16.83	2.50	9.20	9.68	0.00	0.00
Change in Working Capital	32.87	-22.36	27.89	10.18	-34.87	-4.10	-1.97
Change in Accounts Receivable	-5.77	-0.23	-5.06	-9.16	5.90	-10.12	-6.65
Change in Inventory	-11.52	-46.88	-16.51	2.79	-47.15	-13.86	-6.87
Change in Accounts Payable	56.62	38.19	26.02	19.45	6.31	4.14	9.28
Change in Other Working Capital	7.13	-13.44	23.44	4.92	-1.72	15.74	2.27
Other Operating Activities	7.13	29.28	5.68	4.92	3.71	-0.92	0.37
Net Cash from Operating Activities	190.66	158.08	133.45	49.66	8.56	33.28	1.16
Investing Activities
Capital Expenditures	-7.87	-15.54	-4.38	-0.71	-1.83	-0.65	-0.94
Acquisitions	-1.00	2.10	-86.63	0.00	0.00	0.00	0.00
Purchases of Investments	-94.69	-73.83	0.00	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	98.29	31.85	0.00	0.00	0.00	0.00	0.00
Other Investing Activities	-0.81	0.00	0.46	0.00	0.00	0.01	0.00
Net Cash from Investing Activities	-5.09	-55.42	-90.55	-0.71	-1.83	-0.65	-0.94
Financing Activities
Debt Repayment	-0.38	-1.73	-2.41	-3.94	-2.96	0.71	0.09
Common Stock Issued	0.00	0.00	0.00	34.25	0.00	0.00	0.00
Common Stock Repurchased	-67.40	-23.24	-1.59	0.00	0.00	0.00	0.00
Other Financing Activities	0.00	0.00	0.00	1.58	0.00	22.57	0.00
Net Cash from Financing Activities	-67.78	-24.97	-4.00	31.89	-2.96	23.27	0.09
Summary
Effect of Forex Changes on Cash	2.31	-1.41	0.19	0.38	-2.11	0.74	0.14
Net Change in Cash	120.10	76.28	39.09	81.21	1.67	56.64	0.44
Cash at Beginning of Period	260.44	184.17	145.08	63.86	62.20	5.55	5.11
Cash at End of Period	380.54	260.44	184.17	145.08	63.86	62.20	5.55
Free Cash Flow	182.79	142.54	129.07	48.95	6.73	32.63	0.21
Supplemental Disclosures
Interest Paid	-	0.26	1.24	0.57	0.31	0.05	-
Income Taxes Paid	-	26.30	9.51	8.54	7.02	1.66	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About GigaCloud Technology Cash Flow

What is GigaCloud Technology's free cash flow?

GigaCloud Technology generated free cash flow of $182.79M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $190.66M minus $7.87M of capital expenditures. That was up 28.2% from $142.54M a year earlier. Free cash flow equaled 14.2% of revenue.

How much does GigaCloud Technology spend on capital expenditures?

GigaCloud Technology spent $7.87M on capital expenditures in fiscal 2025, compared with $15.54M a year earlier. That equals 4.1% of operating cash flow.

Does GigaCloud Technology pay dividends or buy back shares?

Yes. In fiscal 2025 GigaCloud Technology returned $67.40M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition