GigaCloud Technology Inc (GCT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Giga Cloud Technologies' first quarter 2025 earnings conference call. Joining us today from Giga Cloud are the company's founder, chairman, and CEO, Larry Wu, its president, Dr. Ayman Shrock, and its chief financial officer, Erica Wei. Larry will start with a brief introduction, Ayman will provide an update on the company's operations, and Erica will discuss financial results for the quarter. After that, there will be a question and answer session. As a reminder, this conference call contains statements about future events and expectations that are forward-looking in nature, and actual results may differ materially. Additionally, today's call will include non-GAAP measures within the meaning of SEC Regulation G. When required, a reconciliation of all non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP can be found in the press release issued today by Giga Cloud, as well as on the company's website. I would now like to turn the call over to Larry for his opening remarks. Please go ahead, sir. Thank you, operator, and welcome everyone to our first earnings call of 2025. We started the year on solid footing with the year-over-year top-line growth of 8%. supported by disciplined operations and execution across the business, despite a challenging industry environment. Our B2B marketplace continued to expand with a 56% year-over-year GMB growth on a trading 12-month basis. As participants derived significant value from many efficiencies we bring to the supply chain for large parts of merchandise, While short-term headwinds persist, long-term fundamentals remain intact. Our marketplace and supplier-fulfilled retailing model streamlines cross-border trade and positions us to capture the gr...