NET INCOME PER ORDINARY SHARE (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Basic and Diluted Net Income Per Ordinary Share

The following table sets forth the basic and diluted net income per ordinary share computation and provides a reconciliation of the numerator and denominator for the years presented:


	Year ended December 31,
	2025		2024		2023
	(In thousands)
Numerator:
Net income	$	137,372	$	125,808	$	94,108
Net income per ordinary share calculation	$	137,372	$	125,808	$	94,108
Denominator:
Weighted average number of ordinary shares outstanding
—Basic	38,158,678		41,079,672		40,788,448
—Diluted	38,232,899		41,201,026		40,922,590
Net income per ordinary share attributable to ordinary shareholders
—Basic	$	3.60	$	3.06	$	2.31
—Diluted	$	3.59	$	3.05	$	2.30

Schedule of Potential Dilutive Securities Included in Diluted Net Income Per Ordinary Share

The potential dilutive securities that have been included in the calculation of diluted net income per ordinary share are presented as follow:


	Year ended December 31,
	2025	2024	2023
RSUs	74,221	117,463	103,879
Restricted Shares (“RS”)	—	3,891	30,263

GigaCloud Technology Inc 10-K