How GRRR (Gorilla Technology Group) Makes Money in 2025: A Deep-Dive With Income Statement
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Understanding how a [industry descriptor] like GRRR Income Statement Overview makes money is essential for investors and anyone interested in the business of [industry]. In this post, we break down GRRR's quarterly income statement (Q2 2025) using a Sankey chart to visualize the financial flows — what comes in, where it goes, and what's left as profit.
Quick GRRR Overview
 Income Statement Overview](https://blog.valuesense.io/content/images/2025/11/GRRR_income_1762768593.png)
GRRR Income Statement Overview operates as a [industry descriptor; e.g., technology solutions provider, consumer goods manufacturer, etc.]. Revenue comes primarily from [main revenue streams; e.g., product sales, subscription services, licensing, etc.]. The company may also have additional business segments, but the latest filing does not provide a detailed segment breakdown.
Revenue Breakdown
- Total Revenue (Q2 2025): $21.1M (+103.8% YoY)
- [Segment 1]: Data not disclosed in latest filing
- [Segment 2]: Data not disclosed in latest filing
- Growth is powered by triple-digit YoY expansion, indicating strong demand and/or successful scaling of the business model.
Gross Profit and Margins
- Gross Profit: $7.04M (33.4% gross margin)
- Cost of Revenue: $14.0M (+836.5% YoY)
- GRRR maintains moderate margins due to [reasons—e.g., scalable digital business model, operational efficiencies, or product mix].
- Most costs come from cost of revenue, which has increased sharply, likely reflecting higher input costs, expansion, or scaling expenses.
Operating Income and Expenses
- Operating Income: Data not disclosed in latest filing
- Operating Expenses: $11.9M (+50.2% YoY)
- R&D: $655.9K (+14.1% YoY, 3.1% of revenue) — Focused on developing new products and enhancing existing offerings
- SG&A: $4.22M (+19.9% YoY, 20.1% of revenue) — Covers sales, marketing, administrative, and support functions
- GRRR continues to prioritize innovation and invest in growth while maintaining efficiency in its cost structure.
Net Income
- Pre-Tax Income: Data not disclosed in latest filing
- Income Tax: Data not disclosed in latest filing
- Net Income: $3.94M (+0.0% YoY, 18.7% net margin)
- GRRR converts a significant portion of sales into profit due to [scalability/efficiency/pricing power].
What Drives GRRR's Money Machine?
- Core revenue driver: The main revenue stream is not disclosed, but the company’s triple-digit revenue growth suggests a strong product-market fit or successful expansion.
- Gross margin: 33.4% reflects the company’s ability to retain a third of every sales dollar after direct costs.
- Strategic investment: R&D spending at 3.1% of revenue, with a focus on product development and innovation.
- Future growth areas: Not explicitly detailed, but continued R&D and SG&A investment point to ongoing expansion efforts, even if not yet profitable at the segment level.
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Visualizing GRRR's Financial Flows
The Sankey chart below visualizes how each dollar flows from gross revenue, through costs and expenses, down to net income. This helps investors spot where value is created, what areas weigh on profits, and how efficiently the company operates.
- Most revenue flows into gross profit, with operating expenses (especially SG&A) taking the largest chunk.
- Even after significant costs and investments, 18.7% of revenue drops to the bottom line.
Key Takeaways
- GRRR's money comes overwhelmingly from its core business operations (specific segment data not disclosed)
- High gross and net margins illustrate the power of GRRR's scalable business model
- Heavy investment in R&D, balanced by efficiency in operating costs
- Ongoing growth is driven by triple-digit revenue expansion and continued investment in innovation
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FAQ About GRRR's Income Statement
1. What is the main source of GRRR's revenue in 2025?
GRRR generates over 100% of its revenue from its core business operations. The latest filing does not provide a detailed segment breakdown.
2. How profitable is GRRR in Q2 2025?
GRRR reported net income of $3.94M in Q2 2025, with a net margin of approximately 18.7%, reflecting moderate profitability driven by strong revenue growth and efficient cost management.
3. What are the largest expense categories for GRRR?
The biggest expenses on GRRR's income statement are cost of revenue ($14.0M, +836.5% YoY) and operating expenses ($11.9M, +50.2% YoY), particularly Research & Development (R&D) at $655.9K (3.1% of revenue) and Sales, General & Administrative (SG&A) at $4.22M (20.1% of revenue).
4. Why does [segment/division] operate at a loss?
[Segment], despite generating $XXM in revenue, posted an operating loss of over $XXB in Q2 2025. This is because GRRR aggressively invests in [description], believing these will drive long-term growth—even if the division is unprofitable today.
5. How does GRRR's effective tax rate compare to previous years?
GRRR's effective tax rate in Q2 2025 was [data not disclosed], [consistent with/higher than/lower than] previous years. This [low/high/moderate] rate is primarily due to [reasons—e.g., tax benefits from share-based compensation, international structuring, etc.].
Note:
- All financial data is sourced from GRRR's Q2 2025 income statement.
- Segment-level revenue and certain line items (operating income, pre-tax income, income tax, effective tax rate) were not disclosed in the latest filing.
- Replace [industry descriptor], [main revenue streams], and [segment/division] with specific details as they become available in future filings.
- For a visual breakdown, refer to the Sankey chart image provided.