Tearsheet

Gorilla Technology (GRRR)

Market Price (10/31/2025): $15.55 | Market Cap: $313.2 Mil
Sector: Information Technology | Industry: Systems Software

Gorilla Technology (GRRR)

Market Price (10/31/2025): $15.55
Market Cap: $313.2 Mil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%	Weak multi-year price returns 3Y Excs Rtn is -162%	Stock price has recently run up significantly 12M Rtn12 month market price return is 243%
1			Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -10%, Rev Chg QQuarterly Revenue Change % is -21%
2			Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -41%
3			Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 170%
4			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.8%
5			High stock price volatility Vol 12M is 144%

0	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%
1	Weak multi-year price returns 3Y Excs Rtn is -162%
2	Stock price has recently run up significantly 12M Rtn12 month market price return is 243%
3	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -10%, Rev Chg QQuarterly Revenue Change % is -21%
4	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -41%
5	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 170%
6	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.8%
7	High stock price volatility Vol 12M is 144%

Market Valuation & Key Metrics

Valuation
Key Metrics

	10/31/25	2024	2023	2022	2021
Share Price CYE	$15.55	$18.06	$5.39	$81.10
Market Cap CYE ($ Mil)	313.2	195.0	40.8	555.9	-
Total Debt ($ Mil)	18.8	22.2	32.9	23.9	35.9
Total Cash ($ Mil)	10.1	37.5	34.1	30.9	19.0
Enterprise Value ($ Mil)	321.9	217.2	73.7	579.8
Valuation Ratios
P/S TTM	5.2	2.6	0.6	17.8	0.0
P/EBIT TTM	-54.7	-2.9	2.1	-4.6	0.0
P/E TTM	-45.5	-2.9	2.8	-4.5	0.0
Sector Ratios
P/S TTM (Sector)	3.3	3.1	2.8	2.5	4.6
P/EBIT TTM (Sector)	1.6	-0.0	-0.1	-0.5	3.2
P/E TTM (Sector)	-0.4	-0.3	-0.4	-0.5	0.0

	10/31/25	2024	2023
Share Price CYE	$15.55	$18.06	$5.39
Market Cap CYE ($ Mil)	313.2	195.0	40.8
Total Debt ($ Mil)	18.8	22.2	32.9
Total Cash ($ Mil)	10.1	37.5	34.1
Enterprise Value ($ Mil)	321.9	217.2	73.7
Valuation Ratios
P/S TTM	5.2	2.6	0.6
P/EBIT TTM	-54.7	-2.9	2.1
P/E TTM	-45.5	-2.9	2.8
Sector Ratios
P/S TTM (Sector)	3.3	3.1	2.8
P/EBIT TTM (Sector)	1.6	-0.0	-0.1
P/E TTM (Sector)	-0.4	-0.3	-0.4

	GRRR	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	0.1
Rev Chg Q	-21.2%	6.4%
Rev Chg LTM	-10.3%	5.4%
Rev Chg 3Y Avg	-10.3%	5.3%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.0
CFO LTM ($ Bil)	-0.0
Net Inc LTM ($ Bil)	-0.0
Op Mgn LTM	22.8%	18.7%
CFO/Rev LTM	-39.6%	20.4%
Net Inc Mgn	-11.5%	12.8%
VALUATION	HIGH
P/S	5.2	3.2
P/CFO	-13.2	15.5
P/FCF	-12.7	20.6
P/E	-45.4	23.6
STABILITY	GOOD
Debt/Equity	0.06	0.21
Cash/Assets	0.06	0.07

GRRR Stock

Return (1M):

Factor Drivers of Stock Movement

The -7.1% change in GRRR stock from 7/31/2025 to 10/30/2025 was primarily driven by a -156.1% change in the company's Shares Outstanding (Mil).

	7312025	10302025	Change
Stock Price ($)	16.55	15.38	-7.10%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	70.93	60.00	-15.41%
P/S Multiple	1.84	5.16	181.24%
Shares Outstanding (Mil)	7.86	20.14	-156.08%
Cumulative Contribution			-233.42%

LTM = Last Twelve Months as of date shown

The -10.9% change in GRRR stock from 5/1/2025 to 10/30/2025 was primarily driven by a -86.5% change in the company's Shares Outstanding (Mil).

	5012025	10302025	Change
Stock Price ($)	17.26	15.38	-10.89%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	78.94	60.00	-23.99%
P/S Multiple	2.36	5.16	118.69%
Shares Outstanding (Mil)	10.80	20.14	-86.54%
Cumulative Contribution			-77.63%

LTM = Last Twelve Months as of date shown

The 243.3% change in GRRR stock from 10/30/2024 to 10/30/2025 was primarily driven by a 742.5% change in the company's P/S Multiple.

	10302024	10302025	Change
Stock Price ($)	4.48	15.38	243.30%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	78.94	60.00	-23.99%
P/S Multiple	0.61	5.16	742.55%
Shares Outstanding (Mil)	10.80	20.14	-86.54%
Cumulative Contribution			-13.81%

LTM = Last Twelve Months as of date shown

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Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
GRRR Return	-	-	-	-93%	235%	-15%	-79%
Peers Return	13%	13%	-55%	16%	37%	-4%	-11%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	110%
Monthly Win Rates [3]
GRRR Win Rate	-	-	0%	25%	67%	33%
Peers Win Rate	23%	55%	35%	50%	53%	47%
S&P 500 Win Rate	58%	75%	42%	67%	75%	67%
Max Drawdowns [4]
GRRR Max Drawdown	-	-	-	-93%	-58%	-35%
Peers Max Drawdown	-8%	-1%	-59%	-38%	-40%	-37%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GEN, PATH, S, VRNT, ARQQ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

Unique Key	Event	GRRR	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-98.5%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	6708.3%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days

Compare to GEN, PATH, S, VRNT, ARQQ

In The Past

Gorilla Technology's stock fell -98.5% during the 2022 Inflation Shock from a high on 7/15/2022. A -98.5% loss requires a 6708.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Gorilla Technology (GRRR)

Business Description

N/A

Better Bets than Gorilla Technology (GRRR)

	GRRR	Better Performance than GRRR
Metric	Value	Industry (Systems Software)
Rev Chg LTM	-10.3%	MSFT (15.6%), NOW (21.1%), PANW (14.9%), CRWD (23.5%), NET (27.8%)
Op Mgn LTM	22.8%	MSFT (46.3%), FTNT (30.9%), CHKP (31.8%), GEN (39.3%), STNE (49.4%)
CFO/Rev LTM	-39.6%	MSFT (50.0%), NOW (38.2%), PANW (40.3%), CRWD (32.0%), NET (25.6%)
FCF/Rev LTM	-41.0%	MSFT (26.6%), NOW (30.8%), PANW (37.6%), CRWD (23.9%), NET (10.4%)
Total Yield	-2.2%	MSFT (3.3%), NOW (0.9%), PANW (0.8%), CRWD (-0.2%), NET (-0.1%)

	GRRR	Better Performance than GRRR
Metric	Value	Sector (Information Technology)
Rev Chg LTM	-10.3%	NVDA (71.6%), AAPL (6.0%), MSFT (15.6%), AVGO (28.0%), ORCL (9.7%)
Op Mgn LTM	22.8%	NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), AVGO (39.0%), ORCL (31.6%)
CFO/Rev LTM	-39.6%	NVDA (46.6%), AAPL (26.6%), MSFT (50.0%), AVGO (42.4%), ORCL (36.5%)
FCF/Rev LTM	-41.0%	NVDA (43.6%), AAPL (23.5%), MSFT (26.6%), AVGO (41.6%), ORCL (-10.0%)
Total Yield	-2.2%	NVDA (1.8%), AAPL (2.8%), MSFT (3.3%), AVGO (1.1%), ORCL (2.4%)

	GRRR	Better Performance than GRRR
Metric	Value	All Other Sectors
Rev Chg LTM	-10.3%	GOOGL (13.4%), AMZN (10.9%), META (21.3%), TSLA (-1.6%), JPM (8.2%)
Op Mgn LTM	22.8%	GOOGL (32.2%), META (43.2%), LLY (43.0%), V (66.5%), MA (58.0%)
CFO/Rev LTM	-39.6%	GOOGL (39.3%), AMZN (18.1%), META (56.8%), TSLA (16.5%), WMT (5.5%)
FCF/Rev LTM	-41.0%	GOOGL (19.1%), AMZN (2.0%), META (23.7%), TSLA (7.1%), WMT (2.0%)
Total Yield	-2.2%	GOOGL (3.9%), AMZN (3.0%), META (3.8%), TSLA (0.4%), JPM (6.6%)

		Best Bets In Information Technology Sector
	GRRR	VRSN	NVDA	RMBS	QLYS	ADBE	YOU	GEN	IDCC	DBX	KLAC
What You Pay
P/E	-44.9	27.1	57.1	50.7	24.3	20.6	16.5	27.0	22.2	16.1	39.5
P/EBIT	-54.1	19.6	49.0	43.2	22.7	16.5	19.6	9.9	17.7	13.7	32.4
What You Get
Rev Chg Q	-21.2%	7.3%	55.6%	22.7%	10.3%	10.7%	17.5%	30.3%	34.5%	-1.4%	23.6%
Rev Chg LTM	-10.3%	5.5%	71.6%	31.0%	9.6%	10.7%	19.8%	10.6%	21.8%	-0.0%	23.9%
Rev Chg 3Y Avg	�	5.2%	92.0%	17.3%	12.5%	10.5%	35.5%	14.8%	23.3%	4.1%	10.4%
FCF/Rev 3Y Avg	�	57.4%	41.3%	39.3%	39.0%	37.7%	37.3%	35.9%	35.1%	32.9%	31.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	With Gorilla Technology Stock Down 14% In A Month, How Confident Are You?	Return

	Title
0	ARTICLES
1	With Gorilla Technology Stock Down 14% In A Month, How Confident Are You?

Trade Ideas

Select past ideas related to GRRR. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper	09302025	ADBE	Adobe	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-4.2%	-4.2%	-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper	09302025	CRM	Salesforce	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	6.1%	6.1%	-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper	09302025	MPWR	Monolithic Power Systems	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	18.8%	18.8%	-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE	09262025	POWI	Power Integrations	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	3.7%	3.7%	-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper	09262025	ROP	Roper Technologies	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-10.5%	-10.5%	-10.5%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper	09302025	ADBE	Adobe	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-4.2%	-4.2%	-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper	09302025	CRM	Salesforce	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	6.1%	6.1%	-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper	09302025	MPWR	Monolithic Power Systems	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	18.8%	18.8%	-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE	09262025	POWI	Power Integrations	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	3.7%	3.7%	-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper	09262025	ROP	Roper Technologies	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-10.5%	-10.5%	-10.5%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GH	Guardant Health	27.9%	202.5%
2	GCI	Gannett	27.7%	3.8%
3	FORM	FormFactor	24.2%	34.7%
4	VIAV	Viavi Solutions	22.3%	69.3%
5	GSAT	Globalstar	22.2%	63.5%
6	MTSR	Metsera	22.1%	63729900.0%
7	PRM	Perimeter Solutions	21.1%	102.3%
8	CHRW	C.H. Robinson Worldwide	19.7%	52.6%
9	INSM	Insmed	16.3%	181.3%
10	CAH	Cardinal Health	15.4%	62.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FMC	FMC	-46.5%	-66.6%
2	APLS	Apellis Pharmaceuticals	-31.0%	-35.0%
3	THRY	Thryv	-30.2%	-44.8%
4	SFM	Sprouts Farmers Market	-26.1%	-39.2%
5	IART	Integra Lifesciences	-23.5%	-47.9%
6	ITRI	Itron	-21.1%	0.4%
7	WOLF	Wolfspeed	-18.2%
8	CMG	Chipotle Mexican Grill	-18.2%	-46.1%
9	CI	Cigna	-17.4%	-9.2%
10	EME	EMCOR	-16.6%	43.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	176.8%	409.8%
2	PUMP	ProPetro	71.2%	16.2%
3	RNA	Avidity Biosciences	43.5%	139.6%
4	DYN	Dyne Therapeutics	42.8%	-0.0%
5	GCI	Gannett	39.3%	3.8%
6	FORM	FormFactor	38.3%	34.7%
7	MBX	MBX Biosciences	35.1%	18.2%
8	BBNX	Beta Bionics	33.8%
9	GH	Guardant Health	33.3%	202.5%
10	LUMN	Lumen Technologies	32.7%	94.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-75.2%	5106.3%
2	LRN	Stride	-56.1%	-35.8%
3	NTLA	Intellia Therapeutics	-52.6%	5.2%
4	FMC	FMC	-48.7%	-66.6%
5	FI	Fiserv	-47.4%	-68.3%
6	VRNS	Varonis Systems	-43.8%	-21.2%
7	THRY	Thryv	-33.4%	-44.8%
8	NFE	New Fortress Energy	-30.5%	-91.9%
9	AKBA	Akebia Therapeutics	-29.5%	10.5%
10	UAMY	United States Antimony	-28.9%	371.2%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PRAX	Praxis Precision Medicines	279.1%	161.2%
2	INBX	Inhibrx Biosciences	131.0%	409.8%
3	PUMP	ProPetro	99.6%	16.2%
4	DYN	Dyne Therapeutics	88.4%	-0.0%
5	VICR	Vicor	85.4%	89.2%
6	CELC	Celcuity	74.6%	503.2%
7	GLUE	Monte Rosa Therapeutics	73.5%	87.5%
8	NVTS	Navitas Semiconductor	72.1%	251.8%
9	LUMN	Lumen Technologies	70.3%	94.7%
10	BALY	Ballys	63.4%	4.1%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	-62.9%	5106.3%
2	LRN	Stride	-53.8%	-35.8%
3	FMC	FMC	-51.0%	-66.6%
4	FI	Fiserv	-48.3%	-68.3%
5	NFE	New Fortress Energy	-43.6%	-91.9%
6	VG	Venture Global	-41.7%
7	OGN	Organon	-40.2%	-55.0%
8	VRNS	Varonis Systems	-39.5%	-21.2%
9	ITGR	Integer	-38.5%	-52.2%
10	LENZ	LENZ Therapeutics	-37.9%	5.5%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GH	Guardant Health	27.9%	202.5%
2	GCI	Gannett	27.7%	3.8%
3	FORM	FormFactor	24.2%	34.7%
4	VIAV	Viavi Solutions	22.3%	69.3%
5	GSAT	Globalstar	22.2%	63.5%
6	MTSR	Metsera	22.1%	63729900.0%
7	PRM	Perimeter Solutions	21.1%	102.3%
8	CHRW	C.H. Robinson Worldwide	19.7%	52.6%
9	INSM	Insmed	16.3%	181.3%
10	CAH	Cardinal Health	15.4%	62.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FMC	FMC	-46.5%	-66.6%
2	APLS	Apellis Pharmaceuticals	-31.0%	-35.0%
3	THRY	Thryv	-30.2%	-44.8%
4	SFM	Sprouts Farmers Market	-26.1%	-39.2%
5	IART	Integra Lifesciences	-23.5%	-47.9%
6	ITRI	Itron	-21.1%	0.4%
7	WOLF	Wolfspeed	-18.2%
8	CMG	Chipotle Mexican Grill	-18.2%	-46.1%
9	CI	Cigna	-17.4%	-9.2%
10	EME	EMCOR	-16.6%	43.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	176.8%	409.8%
2	PUMP	ProPetro	71.2%	16.2%
3	RNA	Avidity Biosciences	43.5%	139.6%
4	DYN	Dyne Therapeutics	42.8%	-0.0%
5	GCI	Gannett	39.3%	3.8%
6	FORM	FormFactor	38.3%	34.7%
7	MBX	MBX Biosciences	35.1%	18.2%
8	BBNX	Beta Bionics	33.8%
9	GH	Guardant Health	33.3%	202.5%
10	LUMN	Lumen Technologies	32.7%	94.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-75.2%	5106.3%
2	LRN	Stride	-56.1%	-35.8%
3	NTLA	Intellia Therapeutics	-52.6%	5.2%
4	FMC	FMC	-48.7%	-66.6%
5	FI	Fiserv	-47.4%	-68.3%
6	VRNS	Varonis Systems	-43.8%	-21.2%
7	THRY	Thryv	-33.4%	-44.8%
8	NFE	New Fortress Energy	-30.5%	-91.9%
9	AKBA	Akebia Therapeutics	-29.5%	10.5%
10	UAMY	United States Antimony	-28.9%	371.2%

Peer Comparisons for Gorilla Technology

Financials

	GRRR	GEN	PATH	S	VRNT	ARQQ	Median
Name	Gorilla .	Gen Digi.	UiPath	Sentinel.	Verint S.	Arqit Qu.
Mkt Price	15.38	26.09	15.87	17.01	20.25	42.39	18.63
Mkt Cap	0.3	16.1	8.5	5.6	1.2	-	5.6
Rev LTM	60	4,227	1,497	907	894	-	907
Op Inc LTM	14	1,660	-46	-328	77	-	14
FCF LTM	-25	1,349	310	17	113	-	113
FCF 3Y Avg	-	1,398	268	-44	120	-	194
CFO LTM	-24	1,366	335	41	138	-	138
CFO 3Y Avg	-	1,412	282	-22	149	-	216

Growth & Margins

	GRRR	GEN	PATH	S	VRNT	ARQQ	Median
Name	Gorilla .	Gen Digi.	UiPath	Sentinel.	Verint S.	Arqit Qu.
Rev Chg LTM	-10.3%	10.6%	8.3%	25.4%	-2.3%	-	8.3%
Rev Chg 3Y Avg	-	14.8%	14.6%	45.6%	-0.2%	-	14.7%
Rev Chg Q	-21.2%	30.3%	14.4%	21.7%	-1.0%	-	14.4%
QoQ Delta Rev Chg LTM	-8.6%	7.4%	3.1%	5.0%	-0.2%	-	3.1%
Op Mgn LTM	22.8%	39.3%	-3.1%	-36.2%	8.6%	-	8.6%
Op Mgn 3Y Avg	-	36.6%	-12.6%	-53.2%	8.9%	-	-1.9%
QoQ Delta Op Mgn LTM	8.4%	-1.9%	5.8%	2.1%	-1.2%	-	2.1%
CFO/Rev LTM	-39.6%	32.3%	22.4%	4.5%	15.5%	-	15.5%
CFO/Rev 3Y Avg	-	36.3%	20.7%	-5.5%	16.6%	-	18.6%
FCF/Rev LTM	-41.0%	31.9%	20.7%	1.8%	12.6%	-	12.6%
FCF/Rev 3Y Avg	-	35.9%	19.6%	-8.7%	13.4%	-	16.5%

Valuation

	GRRR	GEN	PATH	S	VRNT	ARQQ	Median
Name	Gorilla .	Gen Digi.	UiPath	Sentinel.	Verint S.	Arqit Qu.
Mkt Cap	0.3	16.1	8.5	5.6	1.2	-	5.6
P/S	5.2	3.8	5.7	6.2	1.4	-	5.2
P/EBIT	-54.1	9.9	-183.6	-18.5	15.1	-	-18.5
P/E	-44.9	27.0	421.9	-13.1	19.9	-	19.9
P/CFO	-13.0	11.8	25.4	138.5	8.8	-	11.8
Total Yield	-2.2%	5.7%	0.2%	-7.6%	5.0%	-	0.2%
Dividend Yield	0.0%	1.9%	0.0%	0.0%	0.0%	-	0.0%
FCF Yield 3Y Avg	-	9.1%	3.6%	-1.0%	7.1%	-	5.3%
D/E	0.1	0.6	0.0	0.0	0.4	-	0.1
Net D/E	0.0	0.5	-0.2	-0.1	0.2	-	0.0

Returns

	GRRR	GEN	PATH	S	VRNT	ARQQ	Median
Name	Gorilla .	Gen Digi.	UiPath	Sentinel.	Verint S.	Arqit Qu.
1M Rtn	-16.7%	-8.1%	18.6%	-3.4%	0.0%	9.4%	-1.7%
3M Rtn	-7.1%	-11.2%	35.1%	-7.3%	-4.8%	27.5%	-6.0%
6M Rtn	-10.9%	2.8%	33.6%	-8.4%	14.2%	153.8%	8.5%
12M Rtn	243.3%	-1.4%	25.9%	-35.7%	-7.7%	610.1%	12.2%
3Y Rtn	-86.6%	23.5%	25.5%	-25.5%	-42.8%	-62.2%	-34.2%
1M Excs Rtn	-18.7%	-8.9%	20.5%	-4.1%	-1.6%	1.2%	-2.8%
3M Excs Rtn	-13.1%	-18.4%	33.5%	-14.6%	-9.2%	21.7%	-11.2%
6M Excs Rtn	-32.6%	-19.0%	11.8%	-30.1%	-7.5%	132.1%	-13.2%
12M Excs Rtn	237.2%	-19.0%	10.0%	-52.0%	-25.4%	488.4%	-4.5%
3Y Excs Rtn	-162.4%	-51.7%	-48.8%	-105.0%	-118.6%	-137.0%	-111.8%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	8/14/2025	4/30/2025	5/15/2024	4/28/2023	7/7/2022	1/7/2022	1/7/2022
Key Financials
Total Revenue	60	75	65	22	42	45	39
EBITDA	-4	-64	19	-79	1	3	6
Operating Income	14	21	11	-89	-8	-4	-1
Net Income	-7	-65	13	-88	-9	-6	-1
EPS	-0.26	-6.13	1.92	-17.83	-1.18	-0.81	-0.07
Growth Rates
Total Revenue Growth	-10.3%	15.4%	188.7%	-47.0%	-7.0%	15.7%	-
EBITDA Growth	91.9%	-435.3%	124.3%	-12650.8%	-76.5%	-57.7%	-
Operating Income Growth	122.3%	93.6%	112.1%	-998.6%	-99.3%	-485.8%	-
Net Income Growth	88.1%	-580.1%	115.4%	-924.0%	-44.4%	-1004.9%	-
Margins
EBITDA Margin	-7.3%	-85.7%	29.5%	-351.0%	1.5%	5.9%	16.1%
Operating Income Margin	22.8%	27.9%	16.6%	-395.9%	-19.1%	-8.9%	-1.8%
Net Income Margin	-11.5%	-86.8%	20.9%	-390.6%	-20.2%	-13.0%	-1.4%
Cash & Debt
Total Cash	10	37	34	31	19	20	23
Total Debt	19	22	33	24	36	29	30
Net Debt / (Cash)	9	-15	-1	-7	17	10	7
Cash Flows
Net Cash from Operations	-24	-30	-9	-9	2	-2	11
Free Cash from Operations	-25	-31	-13	-12	-7	-7	-0
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	4	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q2	2024Q1	2023Q4	2023Q3	2022Q4
Period End	6/30/2025	3/31/2025	6/30/2024	3/31/2024	12/31/2023	9/30/2023	12/31/2022
Filing Date	8/14/2025	6/18/2025	10/1/2024	6/18/2025	5/15/2024	2/5/2024	4/28/2023
Key Financials Quarterly
Total Revenue	21	18	12	9	27	32	4
Ebitda	-4	-3	14	-11	8	17	-2
Operating Income	2	2	6	3	-2	21	-5
Net Income	-4	-5	13	-12	7	14	-3
EPS	-0.20	-0.23	1.64	-1.47	0.87	1.92	-0.37
Key Financials TTM
Total Revenue TTM	60	66	79	71	67	-	-
Ebitda TTM	-4	8	28	12	-54	-	-
Operating Income TTM	14	9	28	17	-61	-	-
Net Income TTM	-7	4	22	7	-58	-	-
Growth Rates Quarterly
Total Revenue Growth	-21.2%	-42.1%	204.0%	86.6%	-	-	-
EBITDA Growth	-148.8%	-119.8%	714.5%	85.7%	-	-	-
Operating Income Growth	204.7%	-90.2%	222.2%	104.1%	-	-	-
Net Income Growth	-159.8%	-132.2%	622.7%	84.9%	-	-	-
Margins Quarterly
EBITDA Margin	-18.8%	-18.1%	115.4%	-124.7%	30.3%	52.7%	-57.1%
Operating Income Margin	10.3%	11.2%	53.6%	35.3%	-7.7%	66.4%	-133.4%
Net Income Margin	-18.7%	-25.0%	110.0%	-131.9%	24.7%	44.9%	-64.0%
Cash & Debt
Total Cash	10	21	34	-	34	20	31
Total Debt	19	19	36	0	33	39	24
Net Debt / (Cash)	9	-2	2	-	-1	19	-7
Cash Flows Quarterly
FCF from Operations	-2	-11	-8	-4	-	-	-
Cash Flows TTM
FCF from Operations TTM	-24	-	-	-	-	-	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	3.4%	3.8%	20.1%	-	-6.5%	56.8%	-23.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	6.0%	2.7%	19.3%	-	-57.5%	-	-

Price Behavior

Price Behavior

Market Price	$15.38
Market Cap ($ Bil)	0.3
First Trading Date	07/14/2022
Distance from 52W High	-63.3%
	50 Days	200 Days
DMA Price	$18.06	$19.70
DMA Trend	up	up
Distance from DMA	-14.8%	-21.9%
	3M	1YR
Volatility	63.9%	145.1%
Downside Capture	227.00	155.36
Upside Capture	112.21	252.80
Correlation (SPY)	36.8%	26.8%

GRRR Betas & Captures as of 9/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.80	1.82	2.10	1.58	1.97	0.92
Up Beta	0.70	4.03	5.14	1.49	1.62	0.90
Down Beta	8.39	3.14	1.84	2.76	2.77	2.78
Up Capture	109%	103%	46%	-0%	667%	-2%
Bmk +ve Days	13	23	35	74	144	420
Stock +ve Days	12	21	29	59	124	328
Down Capture	-176%	31%	154%	113%	113%	84%
Bmk -ve Days	8	19	29	52	107	330
Stock -ve Days	9	21	34	66	125	394

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	10152025
Short Interest: Shares Quantity	1,917,282
Short Interest: % Change Since 9302025	5.4%
Average Daily Volume	2,017,390
Days-to-Cover Short Interest	1
Basic Shares Quantity	20,140,655
Short % of Basic Shares	9.5%

Returns Analyses

	Title
0	With Gorilla Technology Stock Down 14% In A Month, How Confident Are You?

SEC Filings

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Report Date	Filing Date	Filing
6302025	8142025	6-K 6/30/2025
3312025	6182025	6-K 3/31/2025
12312024	4302025	20-F 12/31/2024
6302024	10012024	6-K 6/30/2024
12312023	5152024	20-F 12/31/2023
9302023	2052024	6-K 9/30/2023
6302023	8172023	6-K 6/30/2023
12312022	4282023	20-F 12/31/2022
6302022	3162023	F-1/A 6/30/2022
12312021	7072022	424B3 12/31/2021
12312020	1072022	F-1 12/31/2020

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Gorilla Technology (GRRR)

Market Price (10/31/2025): $15.55 | Market Cap: $313.2 MilSector: Information Technology | Industry: Systems Software

Gorilla Technology (GRRR)

Market Price (10/31/2025): $15.55Market Cap: $313.2 MilSector: Information TechnologyIndustry: Systems Software

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Market Price (10/31/2025): $15.55 | Market Cap: $313.2 Mil
Sector: Information Technology | Industry: Systems Software

Market Price (10/31/2025): $15.55
Market Cap: $313.2 Mil
Sector: Information Technology
Industry: Systems Software