GigaCloud Technology (GCT) Operating Expenses (2023 - 2026)
GigaCloud Technology (GCT) recorded quarterly Operating Expenses of $43.4 million in Q1 2026, up 1.66% quarter-over-quarter from $42.7 million in Q4 2025, and up 22.5% on a YoY basis from $35.4 million in Q1 2025.
GigaCloud Technology (GCT) Operating Expenses (2023 - 2026) Analysis & Trends
GigaCloud Technology's Operating Expenses history runs 4 years deep, the most recent figure standing at $43.4 million for 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 was $43.4 million for Q1 2026 at GigaCloud Technology, up from $42.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $49.0 million in Q2 2024 to a low of $11.7 million in Q1 2023.
- Historically, Operating Expenses has averaged $33.2 million across 4 years, with a median of $36.5 million in 2024.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses surged 188.84% in 2024, then slipped 16.12% in 2025.
- A 4-year view of Operating Expenses shows it stood at $32.7 million in 2023, then climbed by 14.19% to $37.4 million in 2024, then gained by 14.19% to $42.7 million in 2025, then climbed by 1.66% to $43.4 million in 2026.
- The last three Operating Expenses figures came in at $43.4 million (Q1 2026), $42.7 million (Q4 2025), and $36.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 517.59 Mn |
| 10 | GigaCloud Technology | 1.20 Bn | 837.09 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 |