GigaCloud Technology (GCT) Operating Expenses (2023 - 2026)
GigaCloud Technology (GCT) posted quarterly Operating Expenses of $43.4 million for Q1 2026, up 22.5% year-over-year from $35.4 million in Q1 2025, and up 1.66% on a QoQ basis from $42.7 million in Q4 2025.
GigaCloud Technology (GCT) Operating Expenses (2023 - 2026) Analysis & Trends
GigaCloud Technology (GCT) has reported Operating Expenses for 4 consecutive years, with $43.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 22.5% year-over-year to $43.4 million; the TTM figure through Mar 2026 stood at $163.7 million (up 3.39% YoY), while the FY2025 annual figure was $155.7 million, up 0.7% from the prior year.
- Operating Expenses came in at $43.4 million for Q1 2026 at GigaCloud Technology, up from $42.7 million in the prior quarter.
- The five-year high for Operating Expenses was $49.0 million in Q2 2024, with the low at $11.7 million in Q1 2023.
- Average Operating Expenses over 4 years is $33.2 million, with a median of $36.5 million recorded in 2024.
- Across the five-year window, Operating Expenses surged 188.84% in 2024 and fell 16.12% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $32.7 million in 2023, then rose by 14.19% to $37.4 million in 2024, then grew by 14.19% to $42.7 million in 2025, then rose by 1.66% to $43.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $43.4 million, $42.7 million, and $36.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 13.05 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 662.79 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 1.51 Bn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 979.89 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 905.10 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 517.59 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 3.08 Bn |
| 10 | GigaCloud Technology | 1.21 Bn | 851.76 Mn | 85.85 Mn | 43.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 43.37 Mn |
| Dec 31, 2025 | 42.66 Mn |
| Sep 30, 2025 | 36.53 Mn |
| Jun 30, 2025 | 41.10 Mn |
| Mar 31, 2025 | 35.40 Mn |
| Dec 31, 2024 | 37.36 Mn |
| Sep 30, 2024 | 36.53 Mn |
| Jun 30, 2024 | 49.00 Mn |
| Mar 31, 2024 | 31.73 Mn |
| Dec 31, 2023 | 32.71 Mn |
| Sep 30, 2023 | 17.16 Mn |
| Jun 30, 2023 | 16.96 Mn |
| Mar 31, 2023 | 11.72 Mn |