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GRRR logoGorilla Technology Group Inc.(GRRR)Earnings, Financials & Key Ratios

GRRR•NASDAQ
$15.17
$344M mkt cap·Price updated May 6, 2026
SectorTechnologyIndustryInfrastructure SoftwareSub-IndustryCybersecurity and identity management
AboutGorilla 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 Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata. The company also provides information technology (IT) and operational technology (OT) security convergence AI algorithms for system administrators and security engineers to detect suspicious behaviors in real time; network anomaly detection AI models; and endpoint malware and suspicious behavior detection AI models. In addition, it offers intelligent video analytics (IVA) appliances to analyze and turn unstructured video and picture data into structured data; IVAR appliance that provides insight into business and operations in a statistic dashboard; smart attendance to track employee health and safety, work hours, clock-ins/outs, and absenteeism, as well as to protect company assets and intellectual properties; event and video management system appliances to store event/object attributes in temporal-spatial big data database from Gorilla; and operation technology security appliance to monitor and control physical devices, processes, and infrastructure, as well as to protect industrial systems and networks from various threats. Further, the company provides smart retail SaaS for shopper demographics, visualized shopper behavior, and advanced data analytics, smart city and transportation SaaS for traffic management, public safety, and planning data; and endpoint security SaaS that protects endpoints against security threats. Gorilla Technology Group Inc. was incorporated in 2001 and is based in Taipei, Taiwan.Show more
  • Revenue$75M+15.4%
  • EBITDA-$66M-458.0%
  • Net Income-$65M-580.1%
  • EPS (Diluted)-6.13-473.8%
  • Gross Margin49.96%-27.7%
  • EBITDA Margin-87.78%-410.2%
  • Operating Margin-89.65%-440.0%
  • Net Margin-86.77%-516.0%
  • ROE-101.83%-412.0%
  • ROIC-64.63%-380.8%
  • Debt/Equity0.30-50.0%
  • Interest Coverage-91.39-538.2%
Technical→

GRRR Key Insights

Gorilla Technology Group Inc. (GRRR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 13.7%

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 28.4% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

GRRR Price & Volume

Gorilla Technology Group Inc. (GRRR) stock price & volume — 10-year historical chart

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GRRR Growth Metrics

Gorilla Technology Group Inc. (GRRR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years13.72%
3 Years20.91%
TTM47.86%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-15933.35%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-81.07%

Return on Capital

10 Years-44.69%
5 Years-53.49%
3 Years-81.77%
Last Year-95.9%

GRRR Recent Earnings

Gorilla Technology Group Inc. (GRRR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (40%)●Beat Revenue 5/12 qtrs (56%)
Q2 2026Latest
Mar 2, 2026
EPS
$0.32
Est $0.30
+6.7%
Revenue
$36M
Est $34M
+5.0%
Q4 2025
Nov 17, 2025
EPS
$0.24
Est $0.26
-7.7%
Revenue
$26M
Est $34M
-21.8%
Q3 2025
Aug 14, 2025
EPS
$0.20
Est $0.13
-253.8%
Revenue
$21M
Est $27M
-20.5%
Q3 2025
Jun 18, 2025
EPS
$0.23
Est $0.01
+2200.0%
Revenue
$18M
Est $20M
-6.4%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 2, 2026
$0.32vs $0.30+6.7%
$36Mvs $34M+5.0%
Q4 2025Nov 17, 2025
$0.24vs $0.26-7.7%
$26Mvs $34M-21.8%
Q3 2025Aug 14, 2025
$0.20vs $0.13-253.8%
$21Mvs $27M-20.5%
Q3 2025Jun 18, 2025
$0.23vs $0.01+2200.0%
$18Mvs $20M-6.4%
Based on last 12 quarters of dataView full earnings history →

GRRR Peer Comparison

Gorilla Technology Group Inc. (GRRR) competitors in Cybersecurity and identity management — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
AIOT logoAIOTPowerFleet, Inc.Direct Competitor450.51M3.31-7.70-7.4%-6.64%0.64
VNET logoVNETVNET Group, Inc.Direct Competitor2.62B9.0193.0611.41%-5.98%-7.63%2.67
IDAI logoIDAIT Stamp Inc.Direct Competitor2.76M2.50-0.22-32.41%-316.35%-189.51%1.30
DGLY logoDGLYDigital Ally, Inc.Direct Competitor2.43M1.28-0.23-30.44%-59.7%-136.3%
SIFY logoSIFYSify Technologies LimitedProduct Competitor1.1B15.27-115.2111.93%-3.62%-7.68%1.96
VIAV logoVIAVViavi Solutions Inc.Product Competitor12.26B53.00353.338.39%-4.03%-6.92%0.89
SCSC logoSCSCScanSource, Inc.Product Competitor885.95M40.9313.64-6.72%2.44%8.11%0.16
AXON logoAXONAxon Enterprise, Inc.Product Competitor31.09B385.86255.5433.47%6.91%6.58%0.59

Compare GRRR vs Peers

Gorilla Technology Group Inc. (GRRR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AIOT

Most directly comparable listed peer for GRRR.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare GRRR against a more recognizable public peer.

Peer Set

Compare Top 5

vs AIOT, VNET, IDAI, DGLY

GRRR Income Statement

Gorilla Technology Group Inc. (GRRR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Sales/Revenue39.27M45.41M42.24M22.41M64.69M74.67M99.75M
Revenue Growth %-15.66%-6.98%-46.95%188.7%15.42%47.86%
Cost of Goods Sold21.07M26.86M26.47M14.07M19.98M37.37M66.29M
COGS % of Revenue53.67%59.14%62.66%62.8%30.88%50.04%-
Gross Profit
18.19M▲ 0%
18.56M▲ 2.0%
15.77M▼ 15.0%
8.34M▼ 47.1%
44.72M▲ 436.4%
37.31M▼ 16.6%
33.45M▲ 0%
Gross Margin %46.33%40.86%37.34%37.2%69.12%49.96%33.54%
Gross Profit Growth %-1.99%-14.99%-47.15%436.4%-16.57%-
Operating Expenses18.64M24.25M23.93M94.84M27.66M104.25M104.81M
OpEx % of Revenue47.48%53.4%56.65%423.25%42.75%139.61%-
Selling, General & Admin7.35M8.26M8.39M12.84M18.12M13.5M16.76M
SG&A % of Revenue18.72%18.2%19.87%57.28%28.01%18.08%-
Research & Development11.34M14.34M15.05M14.11M3.7M2.11M2.62M
R&D % of Revenue28.89%31.58%35.63%62.97%5.72%2.83%-
Other Operating Expenses-52.18K1.64M487.42K67.9M5.84M88.64M4M
Operating Income
-449.22K▲ 0%
-5.69M▼ 1167.5%
-8.16M▼ 43.3%
-86.51M▼ 960.4%
17.06M▲ 119.7%
-66.94M▼ 492.4%
-71.35M▲ 0%
Operating Margin %-1.14%-12.54%-19.31%-386.04%26.37%-89.65%-71.54%
Operating Income Growth %--1167.51%-43.28%-960.37%119.72%-492.41%-
EBITDA5.97M2.51M588.75K-78.88M18.31M-65.55M-70.04M
EBITDA Margin %15.19%5.53%1.39%-352.01%28.3%-87.78%-70.22%
EBITDA Growth %--57.9%-76.56%-13498.19%123.21%-458.02%-1515.34%
D&A (Non-Cash Add-back)6.42M8.21M8.75M7.63M1.25M1.4M1.32M
EBIT-95.31K-5.53M-8.12M-86.27M17.83M-65.37M-68.33M
Net Interest Income-114.93K-301.84K-628.48K-599.36K-47.66K836.75K2.43M
Interest Income353.92K159.28K37.87K235.91K770.41K1.57M3.03M
Interest Expense468.85K461.12K666.35K835.27K818.07K732.51K595K
Other Income/Expense-114.93K-301.84K-628.48K-599.36K-47.66K836.75K2.43M
Pretax Income
-564.15K▲ 0%
-6M▼ 962.8%
-8.79M▼ 46.5%
-87.11M▼ 891.3%
17.01M▲ 119.5%
-66.11M▼ 488.6%
-68.92M▲ 0%
Pretax Margin %-1.44%-13.2%-20.8%-388.72%26.3%-88.53%-69.1%
Income Tax-28.28K-74.9K-238.44K430.37K3.52M-1.31M-1.77M
Effective Tax Rate %5.01%1.25%2.71%-0.49%20.67%1.98%2.56%
Net Income
-535.87K▲ 0%
-5.92M▼ 1004.9%
-8.55M▼ 44.4%
-87.54M▼ 924.0%
13.5M▲ 115.4%
-64.79M▼ 580.1%
-67.16M▲ 0%
Net Margin %-1.36%-13.04%-20.24%-390.64%20.86%-86.77%-67.33%
Net Income Growth %--1004.91%-44.38%-924.03%115.42%-580.12%-15933.35%
Net Income (Continuing)-535.87K-5.92M-8.55M-87.54M13.5M-64.79M-67.16M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)
-0.25▲ 0%
-2.70▼ 993.1%
-3.90▼ 44.4%
-17.80▼ 356.4%
1.64▲ 109.2%
-6.13▼ 473.8%
-2.90▲ 0%
EPS Growth %--993.12%-44.44%-356.41%109.21%-473.78%-81.07%
EPS (Basic)-0.25-14.41-3.90-17.801.92-6.13-
Diluted Shares Outstanding2.17M2.17M2.17M4.91M8.23M10.57M23.2M
Basic Shares Outstanding2.17M411.01K2.17M4.91M8.22M10.57M23.21M
Dividend Payout Ratio-------

GRRR Balance Sheet

Gorilla Technology Group Inc. (GRRR) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Current Assets55.42M54.77M55.82M47.75M77.54M126.67M228.94M
Cash & Short-Term Investments22.85M19.59M18.95M30.94M34.13M37.47M110.16M
Cash Only17.63M12.15M9.94M23M5.31M21.7M110.15M
Short-Term Investments5.22M7.43M9.01M7.94M28.82M15.77M0
Accounts Receivable31.91M34.87M36.46M15.42M35.77M60.41M92.86M
Days Sales Outstanding296.63280.25315.05251.09201.8295.27278.69
Inventory158.35K89.78K152.23K68.63K23.12K5.2K0
Days Inventory Outstanding2.741.222.11.780.420.050.01
Other Current Assets501.39K219.81K25.9K61.8K170.46K152.8K11.86M
Total Non-Current Assets39.53M37.52M39.11M17.51M37.9M27.12M37.51M
Property, Plant & Equipment32.65M32.43M34.52M16.15M15.93M15.44M16.88M
Fixed Asset Turnover1.20x1.40x1.22x1.39x4.06x4.84x6.14x
Goodwill000-56.29M000
Intangible Assets5.99M4.11M3.42M56.34M5.87M2.93M2.53M
Long-Term Investments123.74K180.75K50.58K013.64M09.5M
Other Non-Current Assets593.53K591.93K707.39K1.27M1.49M1.81M19.77M
Total Assets
94.95M▲ 0%
92.29M▼ 2.8%
94.93M▲ 2.9%
65.26M▼ 31.3%
115.44M▲ 76.9%
153.8M▲ 33.2%
266.45M▲ 0%
Asset Turnover0.41x0.49x0.44x0.34x0.56x0.49x0.54x
Asset Growth %--2.8%2.86%-31.25%76.89%33.23%145.75%
Total Current Liabilities26.97M28.52M38M28.26M54.32M75.31M62.83M
Accounts Payable3.61M6.69M8.06M6.67M11.05M26.04M38.02M
Days Payables Outstanding62.5790.91111.15173.13201.83254.36161.38
Short-Term Debt14.59M19.13M25.05M15.6M26.03M17.05M11.33M
Deferred Revenue (Current)2.69M2.54M20.19K58.48K107.6K273.23K803.38K
Other Current Liabilities-1.59M-1.78M1.71M5.9M6.38M20.26M13.17M
Current Ratio2.06x1.92x1.47x1.69x1.43x1.68x1.68x
Quick Ratio2.05x1.92x1.47x1.69x1.43x1.68x1.68x
Cash Conversion Cycle236.8190.55205.9979.750.440.97117.33
Total Non-Current Liabilities9.59M10.27M11.01M8.46M6.97M5.38M5.36M
Long-Term Debt9.33M9.98M10.75M8.25M6.82M4.37M3.75M
Capital Lease Obligations31.17K19.2K69.59K023.01K579.7K2.11M
Deferred Tax Liabilities161.09K127.77K78.4K148.18K59.81K42.9K1.7M
Other Non-Current Liabilities69.24K147.81K105.54K61.06K63.95K386.06K2.27M
Total Liabilities36.55M38.79M49M36.72M61.29M80.69M68.19M
Total Debt23.97M29.18M35.92M23.87M32.91M22.21M15.94M
Net Debt6.34M17.02M25.98M874.83K27.6M508.96K-94.21M
Debt / Equity0.41x0.55x0.78x0.84x0.61x0.30x0.30x
Debt / EBITDA4.02x11.62x61.01x-1.80x--0.23x
Net Debt / EBITDA1.06x6.78x44.12x-1.51x-1.35x
Interest Coverage-0.96x-12.35x-12.24x-103.57x20.85x-91.39x-114.84x
Total Equity
58.4M▲ 0%
53.5M▼ 8.4%
45.93M▼ 14.2%
28.54M▼ 37.9%
54.15M▲ 89.7%
73.1M▲ 35.0%
198.26M▲ 0%
Equity Growth %--8.38%-14.15%-37.85%89.72%35%280.7%
Book Value per Share26.8724.6121.135.816.586.928.55
Total Shareholders' Equity58.4M53.5M45.93M28.54M54.15M73.1M198.26M
Common Stock6.1M6.15M6.22M7.14K7.85K19.44K25.31K
Retained Earnings5.01M-919.36K-9.45M-96.98M-83.4M-148.24M-156.77M
Treasury Stock-30K-30K-30K-29.58M-29.58M-33.21M0
Accumulated OCI810.45K1.59M2.04M370.18K955.02K-55.5K-475.97K
Minority Interest0000000

GRRR Cash Flow Statement

Gorilla Technology Group Inc. (GRRR) cash flow — operating, investing & free cash flow history

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations11.1M-1.95M1.62M-8.77M-9.43M-29.65M-29.65M
Operating CF Margin %28.28%-4.28%3.84%-39.15%-14.57%-39.71%-
Operating CF Growth %--117.52%183.42%-640.6%-7.47%-214.46%58.05%
Net Income-564.15K-6M-8.79M-87.11M13.5M-66.11M-67.16M
Depreciation & Amortization6.42M8.21M8.75M7.63M1.25M1.4M1.35M
Stock-Based Compensation245.45K142.42K375.94K346.12K695.67K951.48K858.34K
Deferred Taxes-245.45K-142.42K-375.94K0000
Other Non-Cash Items441.83K1.48M789.2K69.07M9.75M82.47M65.71M
Working Capital Changes4.81M-5.64M873.5K1.29M-34.61M-48.36M-50.77M
Change in Receivables-899.23K-5.06M-1.58M3.58M-32.43M-42.97M-61.04M
Change in Inventory-27.86K68.57K-62.45K83.6K45.51K17.92K13.66K
Change in Payables1.45M3.1M1.37M-1.38M4.63M14.99M4.23M
Cash from Investing-10.38M-7.73M-9.91M-1.93M-38.69M16.64M8.8M
Capital Expenditures-11.14M-5.53M-8.4M-3.01M-297.36K-543K-614.63K
CapEx % of Revenue28.38%12.17%19.87%13.42%0.46%0.73%-
Acquisitions-3.37M-1.4M-898.55K06.12K1.65K0
Investments-------
Other Investing3.82M1.41M826.86K368-3.8M-301.65K10.9M
Cash from Financing394.51K3.88M5.99M23.61M29.73M27.98M109.04M
Debt Issued (Net)394.51K3.76M5.85M-1.54M1.2M-2.43M-6.6M
Equity Issued (Net)0001000K1000K1000K1000K
Dividends Paid0000000
Share Repurchases00000-3.63M-3.59M
Other Financing0112K135.52K-7.17M4.37M0104.75M
Net Change in Cash
1.25M▲ 0%
-5.48M▼ 539.3%
-2.21M▲ 59.7%
13.05M▲ 691.0%
-17.69M▼ 235.5%
16.39M▲ 192.7%
88.45M▲ 0%
Free Cash Flow
-40.63K▲ 0%
-7.47M▼ 18291.6%
-6.77M▲ 9.4%
-11.78M▼ 74.0%
-13.24M▼ 12.4%
-31.11M▼ 134.9%
-24.95M▲ 0%
FCF Margin %-0.1%-16.45%-16.03%-52.58%-20.47%-41.66%-25.01%
FCF Growth %--18291.59%9.36%-73.98%-12.41%-134.86%-19.32%
FCF per Share-0.02-3.44-3.12-2.40-1.61-2.94-2.94
FCF Conversion (FCF/Net Income)-20.72x0.33x-0.19x0.10x-0.70x0.46x0.37x
Interest Paid000000142.77K
Taxes Paid0000000

GRRR Key Ratios

Gorilla Technology Group Inc. (GRRR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20202021202220232024TTM
Return on Equity (ROE)-10.58%-17.19%-235.09%32.64%-101.83%-57.26%
Return on Invested Capital (ROIC)-6.31%-8.59%-128.06%23.02%-64.63%-64.63%
Gross Margin40.86%37.34%37.2%69.12%49.96%33.54%
Net Margin-13.04%-20.24%-390.64%20.86%-86.77%-67.33%
Debt / Equity0.55x0.78x0.84x0.61x0.30x0.30x
Interest Coverage-12.35x-12.24x-103.57x20.85x-91.39x-114.84x
FCF Conversion0.33x-0.19x0.10x-0.70x0.46x0.37x
Revenue Growth15.66%-6.98%-46.95%188.7%15.42%47.86%

GRRR Frequently Asked Questions

Gorilla Technology Group Inc. (GRRR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Gorilla Technology Group Inc. (GRRR) reported $99.7M in revenue for fiscal year 2024. This represents a 154% increase from $39.3M in 2019.

Gorilla Technology Group Inc. (GRRR) grew revenue by 15.4% over the past year. This is strong growth.

Gorilla Technology Group Inc. (GRRR) reported a net loss of $67.2M for fiscal year 2024.

Dividend & Returns

Gorilla Technology Group Inc. (GRRR) has a return on equity (ROE) of -101.8%. Negative ROE indicates the company is unprofitable.

Gorilla Technology Group Inc. (GRRR) had negative free cash flow of $24.9M in fiscal year 2024, likely due to heavy capital investments.

Explore More GRRR

Gorilla Technology Group Inc. (GRRR) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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