Company: GigaCloud Technology, El Monte, CA
Nomination Submitted by: PondelWilkinson Inc.
Company Description: GigaCloud Technology is an online global B2B solutions provider that is reinventing the supply chain for wholesale buyers and sellers of large merchandise.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Fastest Growing Company of the Year - Up to 2,500 Employees
 Nomination Title: GigaCloud Technology
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since January 1 2023, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 192 words used.
GigaCloud Technology Inc. (Nasdaq: GCT) is a pioneer in global B2B e-commerce, specializing in large-parcel merchandise. Its AI-driven GigaCloud Marketplace seamlessly connects global sellers and resellers, streamlining cross-border transactions. By integrating marketplace technology with an expansive fulfillment network, GigaCloud optimizes inventory management, reduces costs, and enhances supply chain efficiency.
Since its inception, GigaCloud has demonstrated remarkable growth, leveraging proprietary AI and cloud-based solutions to scale operations globally. The company has continuously expanded its fulfillment network, increasing warehouse capacity and improving logistics. These advancements have driven marketplace efficiency, allowing suppliers and resellers to grow seamlessly across international markets.
GigaCloud’s success has earned widespread recognition. It won Bronze in 2023 for Fastest-Growing Company of the Year, Silver in 2024 for Achievement in Growth, and in 2025, ranked #1 on Forbes’ "America’s Most Successful Small-Cap Companies" list while joining the Russell 2000 Index.
In 2024, GigaCloud achieved total revenues exceeding $1.16 billion, a 65% year-over-year increase, while its Marketplace GMV surged 68.9% to $1.34 billion. This exceptional performance underscores the company’s ability to scale aggressively while maintaining profitability, solidifying its position as a clear contender for the top honor in this category.
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's achievements since the beginning of 2023 that you wish to bring to the judges' attention (up to 250 words):
Total 217 words used.
GigaCloud Technology achieved a historic milestone in 2024 by surpassing $1 billion in total annual revenue for the first time, reaching $1.16 billion, an astonishing 65.0% increase year-over-year. This explosive growth has cemented GigaCloud’s position as the fastest-scaling B2B ecommerce marketplace for large parcel goods.
The GigaCloud Marketplace saw GMV surge 68.9% to $1.34 billion, fueled by a growing ecosystem of third-party sellers and the expansion of its AI-powered logistics platform. This unparalleled growth underscores the company’s ability to drive higher transaction volumes and marketplace engagement at scale.
Despite industry headwinds, GigaCloud maintained strong financial performance, reporting $125.8 million in net income, a 33.7% increase year-over-year, and Adjusted EBITDA of $156.9 million, up 32.6%. The company’s cash, cash equivalents, and investments surged 64.5% to $303.1 million, reinforcing its financial strength and ability to invest in further expansion.
Operationally, GigaCloud continued to enhance its fulfillment network, scaling warehouse capacity to 10 million+ square feet across 42 locations. Strategic acquisitions, including Noble House Home Furnishings and Wondersign, further strengthened its competitive edge.
After securing Bronze in 2023 and Silver in 2024 in this very awards program, GigaCloud’s record-breaking revenue, marketplace expansion, and industry dominance make it the strongest candidate for the Fastest-Growing Company of the Year award in 2025.
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 209 words used.
GigaCloud’s 65% revenue growth and $1.34 billion GMV milestone set it apart in the B2B ecommerce sector, where competitors typically experience annual growth rates of 10-20%. This exceptional performance is a testament to GigaCloud’s ability to scale its marketplace and logistics infrastructure faster than any other player in the industry.
The company’s expansion of its AI-driven fulfillment network, now exceeding 10 million square feet, has enabled seamless, cost-effective large-parcel distribution—an advantage that competitors struggle to replicate. While many ecommerce firms face margin compression, GigaCloud delivered $125.8 million in net income up 33.7% and $156.9 million in Adjusted EBITDA (up 32.6%), demonstrating a rare balance of hypergrowth and profitability.
Furthermore, GigaCloud’s financial strength is reflected in its 64.5% increase in cash reserves, ensuring continued investment in technology, acquisitions and global reach. Its industry leadership was reaffirmed by its #1 ranking on Forbes’ "America’s Most Successful Small-Cap Companies 2025" and inclusion in the Russell 2000 Index—two indicators of its sustained market dominance.
With consecutive wins in this awards program - Bronze in 2023 and Silver in 2024 - GigaCloud has proven its ability to not only grow rapidly but sustain its momentum, making it the standout choice for Fastest-Growing Company of the Year in 2025.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 163 words used.
The attached supporting materials provide strong evidence of GigaCloud Technology’s outstanding achievements and validate the claims made in this nomination:
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