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Gorilla Technology Group Inc.
(NASDAQ:GRRR)
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Rating:54Neutral
Price Target:
$14.00
▼(-0.28% Downside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weak current financial performance (compressed margins, widened losses, and negative operating/free cash flow). Offsetting that, the latest earnings call indicates improving operating momentum and raised revenue guidance, while technicals remain soft and valuation is difficult to support due to negative earnings and no indicated dividend.
Positive Factors
Contracted revenue growth and expanding AI infrastructure pipeline
Rapid growth across AI infrastructure, data-centre, security and smart-city projects indicates increasing customer adoption. Guidance is based on contracted revenue and firm delivery schedules, supporting visibility over the next several quarters if deployments remain on track.
Negative Factors
Persistent losses and volatile profitability
Despite strong recent revenue growth, Gorilla has not yet demonstrated durable profitability. Negative EBIT, EBITDA and net income, together with volatile results and low-30% gross margins, reduce confidence that earnings can consistently support expansion without further financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted revenue growth and expanding AI infrastructure pipeline
Rapid growth across AI infrastructure, data-centre, security and smart-city projects indicates increasing customer adoption. Guidance is based on contracted revenue and firm delivery schedules, supporting visibility over the next several quarters if deployments remain on track.
Read all positive factors
Gorilla Technology Group Inc. (GRRR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$401.09M
Dividend YieldN/A
Average Volume (3M)1.06M
Price to Earnings (P/E)―
Beta (1Y)1.90
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees197
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-1.88
Shares Outstanding27,509,530
10 Day Avg. Volume1,320,470
30 Day Avg. Volume1,059,192
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)1.24
Price to Sales (P/S)2.40
P/FCF Ratio-8.28
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$37.00Price Target Upside163.53% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-5.51
Revenue Forecast (FY)$204.36M
Gorilla Technology Group Inc. Business Overview & Revenue Model
Company Description
Gorilla Technology Group Inc. provides solutions in security, network, business intelligence, and Internet of Things (IoT) technology in Taiwan and the United Kingdom. It operates through three segments: Video IoT, Security Convergence, and Other ...
How the Company Makes Money
Gorilla Technology Group Inc. primarily makes money by selling and delivering AI/analytics software solutions and related professional services to customers, with revenue typically tied to (a) software licensing or subscription arrangements and (b...
Gorilla Technology Group Inc. Earnings Call Summary
Earnings Call Date:Aug 24, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Apr 07, 2027
Earnings Call Sentiment Positive
The call presented a strong operational and financial momentum: revenue nearly doubled in H1 and Q2 showed substantial sequential improvement, the operating loss narrowed sharply, cash and liquidity increased materially, and management raised 2026 and set ambitious 2027 revenue targets anchored to konkracted project schedules. However, the company faces meaningful near-term challenges — a dip in gross margins from a hardware‑heavy mix, large up‑front share‑based charges earlier in the year, supply chain constraints (GPUs, CPUs, memory), FX/tariff volatility, site/power readiness and remaining project financing to finalize. Management emphasized execution discipline, gating deployments to confirmed power and delivery milestones, and expects margin expansion as GPU projects commission. Overall, the positives around scaled revenue growth, tightened cash consumption, stronger liquidity and a firmed project pipeline outweigh the operational and financing risks discussed, conditional on successful execution.Positive Updates
Strong Revenue Growth (H1 2026)
Revenue nearly doubled year-over-year (+99%) to $78.4 million in H1 2026, with Q2 revenue of $50.1 million (approximately +78% sequentially and +138% vs Q2 2025).
Negative Updates
Gross Margin Compression in H1
Gross margin dipped in H1 due to revenue mix weighted toward hardware, initial deployment and project mobilization; management attributes the dip to front‑loaded hardware and installation costs prior to utilization and expects margins to recover as projects commission and services mix expands.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Revenue Growth (H1 2026)
Revenue nearly doubled year-over-year (+99%) to $78.4 million in H1 2026, with Q2 revenue of $50.1 million (approximately +78% sequentially and +138% vs Q2 2025).
Read all positive updates
Company Guidance
Management raised its near‑term revenue targets and provided multi‑year guidance: Q3 revenue is now guided to $48–50M (vs prior $36–40M), Q4 to >$60–70M, lifting 2026 revenue outlook to at least $200M (up from $137–200M) and targeting $450–500M for 2027 (implying quarterly run rates of ~$112–125M). That outlook is grounded in H1 traction (H1 revenue $78.4M, +99% YoY; Q2 $50.1M, ~78% above Q1 and +138% YoY; beat a $44M mid‑point by $6.1M or ~14%), much improved profitability and cash metrics (operating loss narrowed from $41.1M in Q1 to $2.2M in Q2, a 95% reduction; H1 operating cash consumption fell ~65% to $4.3M from $12.5M and operating cash use declined from 31.8% of revenue to 5.5%). Balance sheet and project metrics cited in support include ~$179.4M cash at June (+~$79.8M in H1, ~82% above Q1), $13M conventional debt plus ~$107M five‑year convert, H1 P&E spend >$14.1M (P&E balance ~$29.4M), expectations for >$20M customer collections in Sept–Oct and project specifics (Yotta Phase 1 testing complete and deliveries underway; Phase 2 equipment due in ~25–30 days; Batam targeting ~200 MW initial RFS mid‑2027). Management emphasized guidance includes only contracted revenue with firm delivery schedules and expects GPU‑as‑a‑Service projects to generate ~75% gross margins (company‑level gross margins of 40%+ contemplated for 2027, not formal).Gorilla Technology Group Inc. Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
55
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 140.40M | 101.36M | 74.67M | 64.69M | 22.41M | 42.24M |
| Gross Profit | 24.27M | 33.88M | 37.31M | 44.72M | 8.34M | 15.77M |
| EBITDA | -62.78M | -9.08M | -63.98M | 19.08M | -78.65M | 626.62K |
| Net Income | -49.67M | -11.28M | -64.79M | 13.50M | -87.54M | -8.55M |
Balance Sheet | ||||||
| Total Assets | 389.88M | 271.41M | 153.80M | 115.44M | 65.26M | 94.93M |
| Cash, Cash Equivalents and Short-Term Investments | 179.36M | 104.83M | 37.47M | 34.13M | 30.94M | 18.95M |
| Total Debt | 74.48M | 15.12M | 22.21M | 32.91M | 23.87M | 35.92M |
| Total Liabilities | 219.03M | 75.33M | 80.69M | 61.29M | 36.72M | 49.00M |
| Stockholders Equity | 170.85M | 196.08M | 73.10M | 54.15M | 28.54M | 45.93M |
Cash Flow | ||||||
| Free Cash Flow | -34.92M | -29.33M | -31.11M | -13.24M | -11.78M | -6.77M |
| Operating Cash Flow | -20.48M | -28.66M | -29.65M | -9.43M | -8.77M | 1.62M |
| Investing Cash Flow | -2.36M | 5.46M | 16.64M | -38.69M | -1.93M | -9.91M |
| Financing Cash Flow | 194.37M | 101.19M | 27.98M | 29.73M | 23.61M | 5.99M |
Gorilla Technology Group Inc. Technical Analysis
Negative
14.04
Price Trends
14.45
Negative
15.11
Negative
13.71
Positive
Market Momentum
<0.01
Positive
49.77
Neutral
28.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GRRR, the sentiment is Negative. The current price of 14.04 is below the 20-day moving average (MA) of 14.86, below the 50-day MA of 14.45, and above the 200-day MA of 13.71, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.77 is Neutral, neither overbought nor oversold. The STOCH value of 28.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GRRR.
Gorilla Technology Group Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $859.79M | -38.91 | -24.09% | ― | 13.85% | 61.09% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $452.60M | 7.86 | -59.14% | ― | 8.91% | 162.25% | |
56 Neutral | $285.18M | -8.51 | -45.15% | ― | 171.79% | 62.11% | |
54 Neutral | $401.09M | -7.64 | -26.83% | ― | ― | ― | |
52 Neutral | $1.40B | -622.83 | <0.01% | ― | 9.25% | ― | |
48 Neutral | $823.24M | -5.01 | 12.97% | ― | 0.34% | 60.08% |
* Technology Sector Average
GRRR
Gorilla Technology Group Inc.
14.36
-3.40
-19.14%
BAND
Bandwidth
48.83
33.65
221.67%
PRTH
Priority Technology Holdings
5.43
-2.11
-27.95%
RXT
Rackspace Technology
3.24
1.83
129.79%
PDYN
Palladyne AI Corp
5.75
-1.10
-16.06%
BLZE
Backblaze
13.23
3.41
34.73%
Gorilla Technology Group Inc. Corporate Events
Gorilla Technology Doubles H1 2026 Revenue as Cash Position Swells Amid Heavy Infrastructure Spend
Aug 24, 2026
Gorilla Technology reported unaudited results for the six months ended June 30, 2026, on August 24, 2026, with revenue surging 99.3% year-on-year to US$78.4 million, helped by earlier-than-expected delivery on AI infrastructure and data-centre con...
Gorilla Technology Advances $125 Million Series B Convertible Notes Toward August 21 Registration
Aug 17, 2026
On July 17, 2026, Gorilla Technology Group Inc. issued $125 million of 7.50% Senior Unsecured Convertible Notes, Series B due 2031, and entered into a related registration rights agreement with note purchasers. The offering underscores the company...
Gorilla Technology to Register $125 Million Series B Convertible Notes for Resale
Jul 31, 2026
On July 17, 2026, Gorilla Technology Group Inc. issued $125 million of 7.50% Senior Unsecured Convertible Notes, Series B due 2031, to bolster its capital structure and tap investor demand for hybrid debt-equity securities. The notes are part of t...
Gorilla Technology Raises $125 Million via Convertible Notes Private Placement
Jul 18, 2026
On July 15, 2026, Gorilla Technology Group Inc. entered into a securities purchase agreement with institutional accredited investors for a private placement of $125 million of 7.50% Senior Unsecured Convertible Notes, Series B, due 2031, convertib...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.