Gorilla Technology (GRRR) Q3 2025 Earnings & $1.4B SE Asia AI Data Center Contract Analysis

Gorilla Technology (GRRR) delivered strong Q3 2025 financial results: record revenue ($26.5M, +32% YoY), first operating profit ($0.4M vs $6M loss YoY), and reduced debt to $15.1M [4]. Complementing this, the company secured a $1.4B 3-year SE Asia AI data center contract (phase 1: $300M Indonesia Q42025) [5]. Market reaction was volatile: 18% after-hours surge Nov17 [3] followed by Nov18 close of $13.36 (-7.45%) against a 1.67% tech sector downturn [0,2].

1. Growth vs Execution
   : The $1.4B contract and 2026 guidance ($137M-$200M) signal long-term potential, but short-term volatility reflects execution risk concerns [3,5].
2. Financial Health
   : Improving profitability (near-breakeven net loss) and strong liquidity ($121.4M cash) offset cash flow constraints (-$15.2M TTM) [0,4].
3. Ownership Dynamics
   : 87.5% retail ownership likely amplified Nov18’s price swing [3].

: Execution delays for the data center project, sector downturn sensitivity (beta=1.8), and cash flow gaps [0,2].
: AI infrastructure growth in SE Asia, $7B+ pipeline [3], and contract extensions.

Metric	Value
Q3 Revenue	$26.5M (+32% YoY)
Contract Value	$1.4B
2026 Guidance	$137M-$200M
Nov18 Close	$13.36 (-7.45%)
All data from cited sources [0,3,4,5].