Gorilla Technology Group Inc.
GRRR Nasdaq Services-Prepackaged Software Financials FY2020โFY2025
Revenue
Total sales reported in the income statement.
$101M
35.7%
vs prior year
Operating margin
Operating income as a share of revenue.
โ13.5%
76.2ย pts
Net income
Profit after all expenses, interest and tax.
โ$11.3M
Free cash flow
Cash from operations minus capital spending.
โ$29.3M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
โ9.8%
62.8ย pts
Market cap
Last close times the latest diluted share count, so it is approximate.
โ
P/E
Last close divided by diluted earnings per share over the last four quarters.
โ
On โ$0.51 EPS (TTM)
What Gorilla Technology Group Inc. does
No business description yet.
- Legal name
- Gorilla Technology Group Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F ยท Apr 15, 2026
- Accession ยท CIK
- 0001437749-26-012385
0001903145
Revenue and margins
Gorilla Technology Group Inc. had $101M of revenue in fiscal 2025, up 35.7% on the year before.
FY20
Revenue $45.4M
FY21
Revenue $42.2M
FY22
Revenue $22.4M
FY23
Revenue $64.7M
FY24
Revenue $74.7M
FY25
Revenue $101M
FY20
Gross 40.9%
Operating โ12.5%
Net โ13.0%
FCF โ13.4%
FY21
Gross 37.3%
Operating โ19.3%
Net โ20.2%
FCF โ13.9%
FY22
Gross 37.2%
Operating โ386.0%
Net โ390.6%
FCF โ52.3%
FY23
Gross 69.1%
Operating 26.4%
Net 20.9%
FCF โ15.0%
FY24
Gross 50.0%
Operating โ89.6%
Net โ86.8%
FCF โ40.4%
FY25
Gross 33.4%
Operating โ13.5%
Net โ11.1%
FCF โ28.9%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY20
Net income โ$5.9M
FY21
Net income โ$8.5M
FY22
Net income โ$87.5M
FY23
Net income $13.5M
FY24
Net income โ$64.8M
FY25
Net income โ$11.3M
FY20
Diluted EPS โ$0.20
FY21
Diluted EPS โ$2.88
FY22
Diluted EPS โ$17.83
FY23
Diluted EPS $1.64
FY24
Diluted EPS โ$6.13
FY25
Diluted EPS โ$0.51
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY20
Return on capital โ
Return on equity โ11.1%
Return on assets โ
FY21
Return on capital โ13.8%
Return on equity โ17.2%
Return on assets โ9.0%
FY22
Return on capital โ495.3%
Return on equity โ235.1%
Return on assets โ109.3%
FY23
Return on capital 23.5%
Return on equity 32.6%
Return on assets 14.9%
FY24
Return on capital โ72.6%
Return on equity โ101.8%
Return on assets โ48.1%
FY25
Return on capital โ9.8%
Return on equity โ8.4%
Return on assets โ5.3%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was โ$29.3M in fiscal 2025, โ28.9% of revenue. Cash from operations minus capital spending.
FY20
Free cash flow โ$6.1M
FY21
Free cash flow โ$5.9M
FY22
Free cash flow โ$11.7M
FY23
Free cash flow โ$9.7M
FY24
Free cash flow โ$30.2M
FY25
Free cash flow โ$29.3M
FY20
Cash from operations โ$1.9M
Capital spending $4.1M
FY21
Cash from operations $1.6M
Capital spending $7.5M
FY22
Cash from operations โ$8.8M
Capital spending $2.9M
FY23
Cash from operations โ$9.4M
Capital spending $0.3M
FY24
Cash from operations โ$29.7M
Capital spending $0.5M
FY25
Cash from operations โ$28.7M
Capital spending $0.6M
Cash from operations
Capital spending
Dividends, buybacks and share count
Gorilla Technology Group Inc. returned $3.5M to shareholders in fiscal 2025. The diluted share count rose 110.6%.
FY20
Dividends โ
Buybacks โ
FY21
Dividends โ
Buybacks โ
FY22
Dividends โ
Buybacks โ
FY23
Dividends โ
Buybacks $0.0M
FY24
Dividends โ
Buybacks $3.6M
FY25
Dividends โ
Buybacks $3.5M
Dividends
Buybacks
FY20
Diluted shares โ
FY21
Diluted shares 0.00B
FY22
Diluted shares 0.00B
FY23
Diluted shares 0.01B
FY24
Diluted shares 0.01B
FY25
Diluted shares 0.02B
Balance sheet
Cash, debt and the ratios that show how comfortably Gorilla Technology Group Inc. can carry it.
FY20
Cash $12.2M
Debt โ
FY21
Cash $9.9M
Debt $10.8M
FY22
Cash $23.0M
Debt $8.3M
FY23
Cash $5.3M
Debt $8.6M
FY24
Cash $21.7M
Debt $21.4M
FY25
Cash $99.5M
Debt $13.8M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $9.9M | $23.0M | $5.3M | $21.7M | $99.5M |
| Debt incl. finance leases | $10.8M | $8.3M | $8.6M | $21.4M | $13.8M |
| Net debt / EBITDA | โ | โ | 0.2x | โ | โ |
| Debt / equity | 0.2x | 0.3x | 0.2x | 0.3x | 0.1x |
| Interest coverage | โ12.2x | โ103.6x | 20.9x | โ91.4x | โ25.1x |
| Current ratio | 1.5x | 1.7x | 1.4x | 1.7x | 3.3x |
| Quick ratio | 1.5x | 1.7x | 1.4x | 1.7x | 3.3x |
| Total assets | $94.9M | $65.3M | $115M | $154M | $272M |
| Total liabilities | $49.0M | $36.7M | $61.3M | $80.7M | $75.8M |
| Shareholders' equity | $45.9M | $28.5M | $54.2M | $73.1M | $196M |
| Net debt (โ = net cash) | $0.8M | โ$14.7M | $3.3M | โ$0.3M | โ$85.7M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | โ / 4 | 2 / 9 | 5 / 9 | 2 / 9 | 3 / 9 |
| Accruals ratio | โ | โ10.7% | โ98.3% | 25.4% | โ26.1% | 8.2% |
| Altman Z'' | โ | 1.31 | โ10.98 | 0.88 | โ2.93 | 4.42 |
6 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | $45.4M | $42.2M | $22.4M | $64.7M | $74.7M | $101M |
| Net interest income | โ$24.2M | โ$23.9M | โ$94.8M | $0.8M | $1.6M | $3.3M |
| Gross profit | $18.6M | $15.8M | $8.3M | $44.7M | $37.3M | $33.9M |
| Research and development | $14.3M | $15.1M | $14.1M | $3.7M | $2.1M | $3.1M |
| Operating income | โ$5.7M | โ$8.2M | โ$86.5M | $17.1M | โ$66.9M | โ$13.7M |
| Interest expense | $0.5M | $0.7M | $0.8M | $0.8M | $0.7M | $0.5M |
| Pretax income | $6.0M | $8.8M | โ$87.1M | $17.0M | โ$66.1M | โ$10.9M |
| Income tax | โ | โ | $0.4M | $3.5M | โ$1.3M | $0.3M |
| Net income | โ$5.9M | โ$8.5M | โ$87.5M | $13.5M | โ$64.8M | โ$11.3M |
| Diluted EPS | โ$0.20 | โ$2.88 | โ$17.83 | $1.64 | โ$6.13 | โ$0.51 |
| Diluted shares | โ | 0.00B | 0.00B | 0.01B | 0.01B | 0.02B |
| Cash flow | ||||||
| Cash from operations | โ$1.9M | $1.6M | โ$8.8M | โ$9.4M | โ$29.7M | โ$28.7M |
| Capital expenditure | $4.1M | $7.5M | $2.9M | $0.3M | $0.5M | $0.6M |
| Free cash flow | โ$6.1M | โ$5.9M | โ$11.7M | โ$9.7M | โ$30.2M | โ$29.3M |
| Depreciation and amortization | โ | $0.0M | $0.0M | $0.0M | โ | โ |
| Stock-based compensation | $0.1M | $0.4M | $0.3M | $0.7M | $0.7M | $0.3M |
| Share buybacks | โ | โ | โ | $0.0M | $3.6M | $3.5M |
| Dividends and buybacks | โ | โ | โ | $0.0M | $3.6M | $3.5M |
| Balance sheet | ||||||
| Cash and short-term investments | $12.2M | $9.9M | $23.0M | $5.3M | $21.7M | $99.5M |
| Total debt | โ | $10.8M | $8.3M | $8.6M | $21.4M | $13.8M |
| Current assets | โ | $55.8M | $47.8M | $77.5M | $127M | $234M |
| Current liabilities | โ | $38.0M | $28.3M | $54.3M | $75.3M | $70.3M |
| Inventory | โ | $0.2M | $0.1M | $0.0M | $0.0M | $0.0M |
| Property and equipment, net | โ | $34.4M | $16.1M | $15.9M | $14.9M | $15.7M |
| Intangible assets | โ | $3.4M | $0.1M | $5.9M | $2.9M | $2.4M |
| Total assets | โ | $94.9M | $65.3M | $115M | $154M | $272M |
| Total liabilities | โ | $49.0M | $36.7M | $61.3M | $80.7M | $75.8M |
| Shareholders' equity | $53.5M | $45.9M | $28.5M | $54.2M | $73.1M | $196M |
| Margins | ||||||
| Gross margin | 40.9% | 37.3% | 37.2% | 69.1% | 50.0% | 33.4% |
| Operating margin | โ12.5% | โ19.3% | โ386.0% | 26.4% | โ89.6% | โ13.5% |
| EBITDA margin | โ | โ19.2% | โ385.9% | 26.4% | โ | โ |
| Net margin | โ13.0% | โ20.2% | โ390.6% | 20.9% | โ86.8% | โ11.1% |
| FCF margin | โ13.4% | โ13.9% | โ52.3% | โ15.0% | โ40.4% | โ28.9% |
| Net interest share of revenue | โ53.4% | โ56.7% | โ423.2% | 1.2% | 2.1% | 3.2% |
| Returns | ||||||
| Return on capital | โ | โ13.8% | โ495.3% | 23.5% | โ72.6% | โ9.8% |
| Return on capital employed | โ | โ14.3% | โ233.8% | 27.9% | โ85.3% | โ6.8% |
| Return on equity | โ11.1% | โ17.2% | โ235.1% | 32.6% | โ101.8% | โ8.4% |
| Return on assets | โ | โ9.0% | โ109.3% | 14.9% | โ48.1% | โ5.3% |
| Return on tangible equity | โ11.1% | โ20.1% | โ307.3% | 28.0% | โ92.3% | โ5.8% |
| Growth | ||||||
| Revenue growth | โ | โ7.0% | โ47.0% | 188.7% | 15.4% | 35.7% |
| Net income growth | โ | โ | โ | โ | โ580.1% | โ |
| EPS growth | โ | โ | โ | โ | โ473.8% | โ |
| Share count change | โ | โ | 65.4% | 54.0% | 39.8% | 110.6% |
| Financial health | ||||||
| Net debt / EBITDA | โ | โ | โ | 0.2x | โ | โ |
| Debt / equity | โ | 0.2x | 0.3x | 0.2x | 0.3x | 0.1x |
| Interest coverage | โ12.3x | โ12.2x | โ103.6x | 20.9x | โ91.4x | โ25.1x |
| Current ratio | โ | 1.5x | 1.7x | 1.4x | 1.7x | 3.3x |
| Quick ratio | โ | 1.5x | 1.7x | 1.4x | 1.7x | 3.3x |
| Capital allocation | ||||||
| Capex / revenue | 9.1% | 17.7% | 13.1% | 0.5% | 0.7% | 0.6% |
| Stock comp / revenue | 0.3% | 0.9% | 1.5% | 1.1% | 1.0% | 0.3% |
| Quality scores | ||||||
| Piotroski F-score | โ | โ | 2.0 | 5.0 | 2.0 | 3.0 |
| Altman Z'' | โ | 1.3 | โ11.0 | 0.9 | โ2.9 | 4.4 |
| Accruals ratio | โ | โ10.7% | โ98.3% | 25.4% | โ26.1% | 8.2% |
Source: SEC EDGAR XBRL filings (CIK 0001903145). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.