Gorilla Technology Group Inc. Ordinary shares Earnings Recaps
Q1 2026
May 30, 2026
Shares surged 25.4% as Gorilla’s sizeable revenue growth and transition to operating cash flow positivity overcame accounting headwinds and foreign exchange losses, signaling investor confidence in its strategic pivot to AI infrastructure scaling.
Key takeaways
- Revenue grew 55% year-over-year to $28.2 million.
- Operating cash flow turned positive with $6.6 million generated, compared to a $10.7 million cash use in Q1 last year, a $17.3 million improvement.
- Reported operating loss totaled $41.1 million but was heavily skewed by $20.9 million in stock compensation and $18.9 million in foreign exchange losses; underlying operating loss was only $1.2 million.
- Cash on hand increased substantially to $98.4 million, up 373% year-over-year, reflecting strong collection and milestone achievement.
- Company is investing heavily in AI, GPU infrastructure, data centers, and sovereign digital platforms, emphasizing transition costs ahead of anticipated scale.
Q3 2025
Nov 19, 2025
Gorilla Technology Group achieved its strongest quarter to date in Q3 2025, surpassing revenue expectations and reaching breakeven profitability while significantly improving cash position and reducing debt.
Key takeaways
- Q3 revenue hit $26.5 million, exceeding analyst expectations of $26.2 million, with a gross profit of $9.9 million.
- Operated at a positive IFRS operating income of $4.4 million, a notable turnaround from the expected loss of $6 million.
- Maintained a strong cash position of $121.4 million while reducing debt to $15.1 million, resulting in a net cash position of $106 million.
- Guidance for 2026 is robust, projecting revenue growth to between $137 million and $200 million, bolstered by a large $1.4 billion contract.
- Successful diversification of revenue sources, with over 50% expected from Southeast Asia, enhancing client quality across government and enterprise sectors.