How GRRR (Gorilla Technology Group) Makes Money in 2025: A Deep-Dive With Income Statement

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Understanding how a technology company like GRRR Income Statement Overview makes money is essential for investors and anyone interested in the business of digital platforms. 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

GRRR Income Statement Overview operates as a digital technology platform, providing software solutions and services to enterprise and consumer clients. Revenue comes primarily from software licensing, subscription services, and digital platform fees. The company’s business model is built around recurring revenue streams, with a focus on scalable cloud-based offerings and value-added services.

Revenue Breakdown

• Total Revenue (Q2 2025): $21.1M (+103.8% YoY)
  • Revenue: $21.1M (100% of total)
  • Growth is powered by rapid adoption of GRRR’s digital platform and expansion into new enterprise markets.

Gross Profit and Margins

• Gross Profit: $7.0M (33.4% gross margin)
  • Cost of Revenue: $14.0M (+836.5% YoY)
  • GRRR maintains moderate margins due to the scalable nature of its digital business model, but faces rising costs as platform usage grows.
• Most costs come from infrastructure, cloud hosting, and customer support required to deliver digital services.

Operating Income and Expenses

• Operating Income: Not disclosed for Q2 2025
• Operating Expenses: $11.9M (+50.2% YoY)
  • R&D: $0.66M (+14.1% YoY, 3.1% of revenue) — Focused on platform enhancements, AI integration, and security features.
  • SG&A: $4.22M (+19.9% YoY, 20.1% of revenue) — Includes sales, marketing, and administrative functions to support growth and customer acquisition.
  • GRRR continues to invest in innovation and platform development while maintaining operational efficiency.

Net Income

• Pre-Tax Income: Not disclosed for Q2 2025
• Income Tax: Not disclosed for Q2 2025
• Net Income: $3.94M (+0.0% YoY, 18.7% net margin)
• GRRR converts a moderate portion of sales into profit due to its scalable platform and focus on operational efficiency.

What Drives GRRR's Money Machine?

• Digital platform revenue: 100% of revenue comes from software licensing and subscription services.
• User growth: Rapid expansion in enterprise client base and increased platform adoption.
• R&D investment: Ongoing investment in AI, security, and platform scalability to sustain competitive advantage.
• Future growth areas: Expansion into adjacent digital services and international markets, though these segments are not yet profitable.

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, 18.7% of revenue drops to the bottom line.

Key Takeaways

• GRRR's money comes overwhelmingly from digital platform and software subscription revenue
• High gross and net margins illustrate the power of GRRR's scalable digital business model
• Heavy investment in R&D and platform development, balanced by efficiency in operating costs
• Ongoing growth is driven by enterprise adoption and expansion into new digital service areas

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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 digital platform and software subscription services. There are no significant alternative revenue sources disclosed for Q2 2025.

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 a scalable digital business model and operational efficiency.

3. What are the largest expense categories for GRRR?

The biggest expenses on GRRR's income statement are operating expenses, particularly Research & Development (R&D) at $0.66M in Q2 2025 (3.1% of revenue) and Sales, General & Administrative (SG&A) costs at $4.22M (20.1% of revenue). R&D investment is focused on platform enhancements and security.

4. Why does the digital services segment operate at a loss?

Digital services, despite generating $21.1M in revenue, posted an operating loss due to aggressive investment in platform development, AI integration, and international expansion. GRRR believes 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 not disclosed, so a direct comparison to previous years is unavailable. Typically, technology companies may benefit from tax advantages related to R&D credits and international structuring.