GigaCloud Technology, Inc. Class A (GCT) Active 3P Sellers

Counts third-party sellers who are actively listing or selling on the platform. More active sellers typically mean greater selection, competitive pricing, and more opportunities for marketplace fees and seller services revenue.

Active 3P Sellers have roughly doubled since early 2023 with an inflection starting late‑2024 and sustained mid‑single‑digit quarterly gains through 2026; that pattern implies GCT is improving seller acquisition/onboarding and achieving marketplace scale. For investors this matters because growth in seller count is necessary but not sufficient — watch GMV, take rates and monetization (paid services, fulfillment fees) to see if the expanding seller base translates to durable revenue and margin upside rather than just platform traffic.