GigaCloud Technology Inc (GCT) shares continued their upward trajectory, soaring 5.11% in Friday's trading session. This surge follows the company's impressive first-quarter 2025 financial results released earlier this week, which significantly outperformed analysts' expectations and triggered a strong after-hours rally.

The e-commerce solutions provider reported adjusted earnings per share of $0.83, substantially beating the estimated $0.52. GigaCloud's sales for the quarter reached $271.91 million, surpassing the projected $259.80 million. The company's total revenues increased by 8.3% year-over-year, while net income held steady at $27.1 million. These strong figures have continued to fuel investor enthusiasm, contributing to the ongoing stock price appreciation.

Operational metrics further underscored GigaCloud's robust performance. The GigaCloud Marketplace gross merchandise volume (GMV) grew by an impressive 56.1% year-over-year to $1,416.7 million for the 12 months ended March 31, 2025. Additionally, the number of active buyers on the platform surged by 81.4% to 9,966, indicating rapid expansion of the company's user base. With a positive outlook for the second quarter, projecting revenue between $275 million and $305 million, investors seem to be maintaining their bullish stance on GigaCloud Technology, driving the stock's continued upward movement.