GigaCloud Technology Inc (GCT) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.396 Welcome to GigaCloud Technologies' fourth quarter and full year 2025 earnings conference 00:00:05.396 -- 00:00:10.580 call. Joining us today from GigaCloud are the company's founder and chief executive 00:00:10.580 -- 00:00:16.045 officer, Larry Wu, its president, Iman Shrock, 00:00:16.045 -- 00:00:19.228 and its chief financial officer, Erica 00:00:19.228 -- 00:00:24.232 Wei. Larry will provide opening remarks, Iman will discuss 00:00:24.232 -- 00:00:29.883 the company's operational progress, and Erica will review financial results. 00:00:29.883 -- 00:00:33.408 After that, we will open the call to questions. 00:00:33.408 -- 00:00:38.856 As a reminder, this conference call contains statements about future events and expectations 00:00:38.856 -- 00:00:44.524 that are forward-looking in nature, and actual results may differ materially. 00:00:44.524 -- 00:00:49.592 Additionally, today's call will include a discussion of non-GAAP measures within 00:00:49.592 -- 00:00:54.739 the meaning of SEC Regulation G. When required, 00:00:54.739 -- 00:01:00.524 a reconciliation of all non-GAAP financial measures to the most directly comparable 00:01:00.524 -- 00:01:06.071 financial measures calculated and presented in accordance with GAAP, 00:01:06.071 -- 00:01:10.537 can be found in the press release issued today by GigaCloud, 00:01:10.537 -- 00:01:15.764 which is posted on the company's website. I would now like to turn the call over 00:01:15.764 -- 00:01:19.166 to Larry. Please go ahead, sir. 00:01:19.289 -- 00:01:22.193 Thank you, Operator, and good morning, everyone. 00:01:22.193 -- 00:01:27.664 2025 marked a defining chapter for us. record revenue, 00:01:27.664 -- 00:01:32.712 record EBS, and a level of performance that underscored not 00:01...