Gigacloud Technology Inc · NASDAQ:GCT
Gigacloud Technology — Q1 2026 Earnings Presentation
27 slides from Gigacloud Technology's earnings presentation, May 7, 2026
Slide 1: Q1 2026 Investor Presentation
Q1 2026 Investor Presentation May 2026
Slide 2: Disclaimer
Disclaimer 2 The information contained in this presentation has been prepared by GigaCloud Technology Inc (the “Company”) solely for informational purposes and should not be construed to be, directly or indirectly, in whole or in part, an offer to buy or sell and/or an invitation and/or a recommenda
Slide 3: Our Mission Statement
Our Mission Statement GIGACLOUD TECHNOLOGY (NASDAQ: GCT) IS A PIONEER OF THE GLOBAL B2B MARKETPLACE FOR LARGE PARCEL MERCHANDISE THAT IS REINVENTING THE SUPPLY CHAIN AND TRANSFORMING THE WAY WHOLESALE BUYERS AND SELLERS CONNECT AND TRANSACT Our GigaCloud B2B Marketplace seamlessly connects suppliers
Slide 4: Our History
Our History 2026 4 Acquisition of 2024 2010 Forbes’ #1 America’s Most Successful Launched our first 2023 Small-Cap Company ecommerce store on Rakuten Acquisitions of 2013 Officially entering the 2024 Official entry 2019 Japanese market into the U.S. Russell 2000 Launched market Inclusion Gigab2b.com
Slide 5: Financials
FINANC
Slide 6: GigaCloud At A Glance
GigaCloud At A Glance 6 OUR FINANCIALS($M) OUR SCALE OUR REACH 360 363 333 323 Total Revenues 272 $360M / 32% Revenue / YoY Growth $1.7B GigaCloud Marketplace GMV 1,377 Active 3P Sellers Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 LTM ended 3/31/26 LTM ended 3/31/26 Q1’25 to Q1’26 Gross Profit & Margin 19% 86 83
Slide 7: Our Capital Allocation
Our Capital Allocation 7 2022 2023 2024 2025 2026 $41M $2M $23M $67M $12M gross proceeds in Class A shares in Class A shares in Class A shares in Class A shares raised in IPO repurchased under repurchased under repurchased under repurchased under 2023 authorization 2024 authorization 2024 & 2025 202
Slide 8: Our Business Model
Slide 9: Nature of the Furniture Industry
Nature of the Furniture Industry 9 Non-standard Big & Bulky Fragmented Market Countless styles, sizes, Furniture is big, bulky, Numerous players and diverse and colors create a and costly to ship and sales channels create a vast product universe store complex environment May 2026
Slide 10: What is SFR®?
What is SFR®? 10 Supplier Fulfilled Retailing® (SFR®): Transforming wholesale trade through reorganizing the supply chain and redefining key roles for a risk- and efficiency-optimized B2B ecosystem. SELLER GIGAB2B.COM BUYER END SUPPLIERS/MANUFACTURERS RETAILERS/RESELLERS CONSUMER ECOMMERCE/BRICK-AND
Slide 11: SFR® in Action
SFR® in Action 11 Enabling suppliers and retailers to scale through a global, end-to-end commerce infrastructure. Seller Lists Buyer Discovers Buyer Displays End Consumer GigaCloud Fulfills Products Products on 2C Places Order Directly Channels • Once SKUs are • Browse by style, • Integrated into bu
Slide 12: Why SFR®?
Why SFR®? 12 12 TRADITIONALLY • High inventory risk from • Limited display space and inflexibility to • Low margins in a fragmented channels consumer demand competitive landscape • Complex supply chain requires • High inventory risk from fragmented channels manual coordination • Pricing difficulties
Slide 13: Why Partners Choose GigaCloud?
Why Partners Choose GigaCloud? 13 FLEXIBLE Plug in where it fits. Sourcing, fulfillment, or sales. Nothing is locked in. USAGE-BASED Pay as you go. No upfront commitment or inventory risk. EFFICIENCY THROUGH COMPETITION Compete in real time. Compare and choose the best price, product, and service. E
Slide 14: The GigaCloud Cycle
THE GIGACLOUD CYCLE
Slide 15: 1P, 3P, and Logistics
1P, 3P, and Logistics 15 Revenue generated from sale of GigaCloud inventory Infrastructure supporting 1P & 3P Revenue generated from services businesses; providing efficient through facilitation of transactions fulfillment solutions between sellers and buyers GigaCloud Marketplace GMV = Total gross
Slide 16: Marketplace GMV Distribution
Marketplace GMV Distribution 16 GigaCloud Marketplace GMV Breakdown (USD$ in thousands) 3P seller GigaCloud 1P Seller GMV 3P Seller GMV Marketplace GMV represents 55% 57% 57% 52% 52% 49% 50% 54% 54% 55% 54% 53% 54% 57% 53% 47% 50% 51% 48% 48% 43% 43% 47% 50% 46% 46% 45% 46% 47% of total Marketplace
Slide 17: Lead with 1P, Grow with 3P (USA)
Lead with 1P, Grow with 3P 17 GigaCloud Marketplace GMV Breakdown - USA ($USD in thousands) 1P Seller GMV 3P Seller GMV 55% 63% 73% 60% 66% 67% 73% 66% 62% 63% 60% 61% 61% 58% 51% 54% 49% 45% 40% 37% 34% 34% 33% 27% 40% 38% 37% 27% 51% 49% 46% 42% 39% 39% May 2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 18: Lead with 1P, Grow with 3P (Europe)
Lead with 1P, Grow with 3P 18 GigaCloud Marketplace GMV Breakdown - Europe ($USD in thousands) 1P Seller GMV 3P Seller GMV 11% 14% 8% 6% 3% 4% 3% 3% 89% 86% 92% 3% 94% 3% 97% 96% 2% 97% 97% 2% 97% 7% 3% 97% 28% 16% 10% 98% 98% 84% 90% 93% 97% 72% May 2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 19: Our Marketplace
OUR VMIARKETPLACE
Slide 20: Attractive Active Buyer Trends
Attractive Active Buyer Trends Q1 2026 KEY STATISTICS 20 Active Buyer Spend (GMV) in GigaCloud Marketplace (USD$ in millions) 12,473 Active Buyers $~133k Spend per Active Buyer 2019 - 2021 Buyers 2022 Buyers 12,089 2023 Buyers 12,473 2024 Buyers 10,951 11,419 $14 2025 Buyers $94 2026 Buyers 7,257 9,
Slide 21: Flexible Tools to Facilitate Transactions
Flexible Tools to Simple Transactions Direct Fulfilment 21 Facilitate Transactions GigaCloud fulfills product directly from a Company facility to the end consumer, without need for buyers to warehouse or handle any aspect of fulfillment Complex Transactions Rebate Spot Price May 2026 Margin Margin T
Slide 22: Accelerating Seller Momentum Driving GMV Growth
Accelerating Seller Momentum Driving GMV Growth 22 3P Seller GigaCloud Marketplace GMV (USD$ in millions) 2019 - 2021 Sellers 1,299 2022 Sellers 1,377 2023 Sellers $35 $4 2024 Sellers 2025 Sellers 1,162 1,232 2026 Sellers 1,111 $41 $8 Active Sellers 930 1,154 $18 $12 1,051 $2 $66 $33 $49 $20 $37 $53
Slide 23: 70,000+ SKUs and Growing
Expansive Product Categories Grilling Tools Car Tires Trampolines Ovens 23 Garden Décor Mobility Aids Play Structures Ice Makers Patio Furniture Folding Bikes Bouncy Castles Dehumidifiers Outdoor Power Car Accessories Basketball Hoops Washing Machines Outdoor Heatin
Slide 24: Software: Tech-Driven Operations
SOFTWARE: Tech-Driven Operations 24 Data-driven Tech Stack Accelerates Operational Efficiency Advanced Tech Empowered Product Load Balancing Software Framework Warehousing End Consumer Seller & Buyer May 2026
Slide 25: Hardware: End-to-End Fulfillment Capabilities
HARDWARE: End-to-End Fulfillment Capabilities 25 Ocean Transportation Delivery of goods Supplier 19 ports of destination 35,000+ containers annually As of 12/31/2025 Extensive Trucking Network Partnership with all major trucking Reseller and freight service providers Cloud storage: Virtual warehousi
Slide 26: Our Presence
Our Presence Global Reach 26 North America 1 fulfillment center 1 port of destination UK Fulfillment 6 4 fulfillment centers ports of destination Canada Germany China Japan USA India 3 1 fulfillment centers port of destination Vietnam Malaysia 25 7 fulfillment centers ports of destination Strategic
Slide 27: Thank You
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