GigaCloud Technology Inc. reported its first-quarter 2025 financial results with revenue reaching $271.9 million, marking an 8% year-over-year increase but falling short of consensus estimates by over 3%. The company posted an adjusted earnings per share (EPS) of $0.83, surpassing some estimates, though another report noted an EPS of $0.68, nearly 9% below analyst forecasts. Service revenue grew by 23%, driven primarily by expansion in Europe, and gross merchandise value (GMV) surged 56% to $1.4 billion. The company also highlighted improved gross margins and strong liquidity despite macroeconomic challenges. Meanwhile, Global-e Online Ltd. reported a 30% year-over-year revenue increase to $189.9 million for Q1 2025, slightly above estimates, with an EPS loss of $0.11, better than the expected loss of $0.13. Its GMV rose 34% to $1.24 billion. The company’s adjusted gross margin was 45.4%, and adjusted EBITDA reached $31.6 million, up from $21.3 million the previous year. Global-e maintained its full-year 2025 revenue guidance and announced a three-year strategic partnership with Shopify. For Q2 2025, Global-e projects revenue between $204 million and $211 million, slightly below analyst estimates. Both companies demonstrated growth in key metrics and continued to scale their marketplaces amid ongoing economic headwinds.