Gorilla Technology Group Inc. (GRRR)
NASDAQ:GRRR
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Gorilla Technology Group Inc.
(NASDAQ:GRRR)
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Rating:61Neutral
Price Target:
$18.00
▲(39.21% Upside)
Action:Reiterated
Date:06/06/26
The score reflects strong technical momentum and a bullish earnings update (guidance raise, rapid growth, improved operating cash flow), partially offset by weak financial performance quality (losses and TTM cash burn) and limited valuation support due to negative earnings and no dividend data.
Positive Factors
Revenue growth and large backlog
Sustained top-line acceleration and multibillion backlog/pipeline provide durable demand visibility. A 55% YoY Q1 increase plus $5B+ contracted opportunities supports multi-quarter revenue scaling and underpins investment returns if execution converts backlog to recurring platform and services revenue.
Negative Factors
Persistent unprofitability and volatile earnings
Recurring negative operating results and volatile historical earnings reduce margin durability and increase reliance on financing. Even with recent improvements, inconsistent past profitability and negative returns on equity imply execution must materially sustain higher margins to eliminate structural cash burn risk over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and large backlog
Sustained top-line acceleration and multibillion backlog/pipeline provide durable demand visibility. A 55% YoY Q1 increase plus $5B+ contracted opportunities supports multi-quarter revenue scaling and underpins investment returns if execution converts backlog to recurring platform and services revenue.
Read all positive factors
Gorilla Technology Group Inc. (GRRR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$505.79M
Dividend YieldN/A
Average Volume (3M)1.24M
Price to Earnings (P/E)―
Beta (1Y)1.54
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees142
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-1.72
Shares Outstanding27,653,858
10 Day Avg. Volume1,935,601
30 Day Avg. Volume1,237,738
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)1.24
Price to Sales (P/S)2.40
P/FCF Ratio-8.28
Enterprise Value/Market Cap0.84
Enterprise Value/Revenue3.81
Enterprise Value/Gross Profit12.70
Enterprise Value/Ebitda-10.42
Forecast
1Y Price Target
$39.67Price Target Upside206.78% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)4.63
Revenue Forecast (FY)$178.12M
Gorilla Technology Group Inc. Business Overview & Revenue Model
Company Description
Gorilla Technology Group Inc. provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security...
How the Company Makes Money
Gorilla Technology Group Inc. generates revenue primarily by selling and delivering software- and services-based solutions centered on data analytics and security use cases. Key revenue streams are typically composed of: (1) software/platform reve...
Gorilla Technology Group Inc. Earnings Call Summary
Earnings Call Date:May 27, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Oct 07, 2026
Earnings Call Sentiment Positive
The call emphasized strong operational momentum: 55% revenue growth, a sizable cash balance ($98.4M), a $17.3M improvement in operating cash flow (162% swing) and reduced receivables/advanced payment guarantees — all supporting a materially upgraded FY26 revenue outlook ($160M–$200M) and a multi‑billion dollar backlog/pipeline. Offsetting items were a large GAAP operating loss driven mainly by one‑time/noncash stock compensation ($20.9M) and FX losses ($18.9M), front‑loaded investment that depressed short‑term margins, supply‑chain risks, and the need for substantial project financing to execute the ambitious multi‑hundred‑MW build‑out. Overall the positives (cash generation, revenue growth, contracts/backlog, guidance raise and project progress) materially outweigh the accounting and execution headwinds, though successful financing and supply‑chain execution remain key near‑term risks.Positive Updates
Strong Revenue Growth
Q1 revenue of $28.2M, up 55% year‑over‑year, demonstrating material top‑line acceleration as the company scales into AI/data center offerings.
Negative Updates
Large Reported Operating Loss Driven by Non‑operating Items
Reported operating loss of ~$41.1M in Q1; however, ~$20.9M of stock‑based compensation and ~$18.9M of foreign‑exchange losses comprised the bulk of the loss — excluding these the underlying operating loss was ~$1.2M. The headline loss nonetheless pressured reported profitability.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Revenue Growth
Q1 revenue of $28.2M, up 55% year‑over‑year, demonstrating material top‑line acceleration as the company scales into AI/data center offerings.
Read all positive updates
Company Guidance
Gorilla raised full‑year 2026 revenue guidance to $160–$200 million (up from the prior $137–$160M lower bound), after Q1 revenue of $28.2M (up 55% YoY) and turning operating cash flow positive (net cash from operations $6.6M vs. ~$10.7M used in Q1 last year, a ~$17.3M / 162% swing); cash and equivalents ended Q1 at $98.4M (up 373% YoY) with debt of $13.2M (strong net cash position) and restricted cash near $0. Reported operating loss was $41.1M but included $20.9M stock‑based compensation and $18.9M FX losses, leaving an underlying operating loss of ~$1.2M; SG&A was about $7M (up 16% YoY). Management expects 60–70% of revenue at the $200M level to be AI/data‑center related, targets 100–150 MW of capacity by year‑end 2026 and ~500 MW by end‑2028, is aiming for a profitable ~$500M revenue business next year, has $5B+ of signed backlog and $5B+ in pipeline, added 100+ employees and 200+ contractors, sees gross margins expanding from the low‑30s (data‑center margins can be 75–80% in downside cases), expects adjusted EBITDA margin to expand toward 25–30%+, and is pursuing project/vendor financing (term sheets in the $300M–$800M range and vendor/debt options ~$0.5–1.0B) to fund scale.Gorilla Technology Group Inc. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 111.33M | 101.36M | 74.67M | 64.69M | 22.41M | 42.24M |
| Gross Profit | 33.42M | 33.88M | 37.31M | 44.72M | 8.34M | 15.77M |
| EBITDA | -40.76M | 9.81M | -63.98M | 19.08M | -78.65M | 626.62K |
| Net Income | -43.68M | -11.28M | -64.79M | 13.50M | -87.54M | -8.55M |
Balance Sheet | ||||||
| Total Assets | 253.92M | 271.41M | 153.80M | 115.44M | 65.26M | 94.93M |
| Cash, Cash Equivalents and Short-Term Investments | 103.52M | 104.83M | 37.47M | 34.13M | 30.94M | 18.95M |
| Total Debt | 15.21M | 14.65M | 22.21M | 32.91M | 23.87M | 35.92M |
| Total Liabilities | 78.51M | 75.33M | 80.69M | 61.29M | 36.72M | 49.00M |
| Stockholders Equity | 175.41M | 196.08M | 73.10M | 54.15M | 28.54M | 45.93M |
Cash Flow | ||||||
| Free Cash Flow | -11.78M | -29.33M | -31.11M | -13.24M | -11.78M | -6.77M |
| Operating Cash Flow | -11.36M | -28.66M | -29.65M | -9.43M | -8.77M | 1.62M |
| Investing Cash Flow | 3.98M | 5.46M | 16.64M | -38.69M | -1.93M | -9.91M |
| Financing Cash Flow | 89.02M | 101.19M | 27.98M | 29.73M | 23.61M | 5.99M |
Gorilla Technology Group Inc. Technical Analysis
Positive
12.93
Price Trends
13.79
Positive
13.05
Positive
14.41
Positive
Market Momentum
1.71
Negative
62.72
Neutral
60.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GRRR, the sentiment is Positive. The current price of 12.93 is below the 20-day moving average (MA) of 15.94, below the 50-day MA of 13.79, and below the 200-day MA of 14.41, indicating a bullish trend. The MACD of 1.71 indicates Negative momentum. The RSI at 62.72 is Neutral, neither overbought nor oversold. The STOCH value of 60.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | $485.90M | 8.63 | -51.19% | ― | 8.83% | ― | |
65 Neutral | $477.00M | -22.15 | -27.17% | ― | 13.32% | 61.29% | |
62 Neutral | $2.10B | -458.81 | -1.28% | ― | 4.88% | -534.80% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $505.79M | -11.34 | -26.16% | ― | ― | ― | |
59 Neutral | $1.30B | -9.43 | 12.31% | ― | -0.49% | 52.70% | |
51 Neutral | $368.98M | -14.52 | -40.48% | ― | 16.83% | 66.05% |
* Technology Sector Average
GRRR
Gorilla Technology Group Inc.
17.14
-5.58
-24.56%
BAND
Bandwidth
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57.25
382.94%
PRTH
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5.82
-2.59
-30.80%
RXT
Rackspace Technology
4.71
3.53
298.73%
PDYN
Palladyne AI Corp
6.87
-2.72
-28.36%
BLZE
Backblaze
7.76
2.08
36.62%
Gorilla Technology Group Inc. Corporate Events
Gorilla Technology Raises $107 Million via 7.5% Convertible Notes Offering
Jun 5, 2026
On June 2, 2026, Gorilla Technology Group Inc. entered into a securities purchase agreement with institutional investors to issue $107 million of 7.50% senior unsecured convertible notes due June 15, 2031, convertible into ordinary shares at an in...
Gorilla Technology Turns Cash Flow Positive in Q1 2026 and Lifts Full-Year Revenue Guidance
May 27, 2026
On May 27, 2026, Gorilla Technology reported unaudited first-quarter 2026 results showing revenue of US$28.2 million, up 55% year on year, and net cash from operating activities of US$6.6 million, a US$17.3 million improvement that turned operatin...
Gorilla Technology Group Switches Auditors to UHY LLP After Routine Transition
May 6, 2026
On April 30, 2026, Gorilla Technology Group Inc. changed its independent registered public accounting firm, appointing UHY LLP and dismissing Marcum Asia CPAs LLP, following an evaluation process approved by the board’s audit committee. Marc...
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.