大健云仓 2026年季度报告

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the quarterly period ended March 31, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the transition period from ________ to ________ Commission file number: 001-41454 GIGACLOUD TECHNOLOGY INC (Exact Name of Registrant as Specified in its Charter) Cayman Islands00-0000000 (I.R.S. Employer Identification No.) (State or Other Jurisdiction of Incorporation or Organization) 4388 Shirley Avenue, El Monte, CA,91731, United States (Address of principal executive offices, including zip code) 1-626-912-8886 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: The Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2) has been subject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS: Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) ofthe Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.YesNo Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. The number of outstanding shares of the issuer’s ordinary shares as of April28, 2026 was 36,787,488, consisting of 29,630,756 ClassA ordinary shares, par value $0.05 per share, issued and outstanding (which had excluded an aggregate of 48,775 Class A ordinary sharesissued and reserved for future allocation upon exercise or vesting of awards granted under our share incentive plans; and 447,309 Class Aordinary shares issued and repurchased but not yet cancelled) and 7,156,732 Class B ordinary shares, par value $0.05 per share, issued andoutstanding. GIGACLOUD TECHNOLOGY INCFORM 10-Q — QUARTERLY REPORTFor the Quarterly Period Ended March31, 2026 TABLE OF CONTENTS PART I FINANCIAL INFORMATION Item 1.Financial Statements4Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20254Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026and 20257Condensed Consolidated Statements of Changes In Shareholders’ Equity for the Three Months Ended March 31,2026 and 20258Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 202510Notes to the Condensed Consolidated Financial Statements12Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations27Item 3.Quantitative and Qualitative Disclosures About Market Risk44Item 4.Controls and Procedures45 INTRODUCTION Conventions that Apply to this Quarterly Report Throughout this quarterly report, we use a number of terms which are defined as follows: •“3P seller GigaCloud Marketplace GMV”: the total gross merchandise value of transactions sold through our GigaCloudMarketplace by 3P sellers, before any deductions of value added tax, goods and services tax, shipping charges paid by buyersto sellers and any refunds;•“active 3P sellers”: sellers who have sold a product in the GigaCloud Marketplace within the last 12-month period,irrespective of cancellations or returns;•“active buyers”: buyers who have purchased a product in the GigaCloud Marketplace within the last 12-month period,irrespective of cancellations or returns;•“Cayman Islands holding company”: GigaCloud Technology Inc, our Cayman Islands holding company and its predecessorentity;•“Class A ordinary sh