Recent News
On November 17, 2025 Gorilla reported record Q3 revenue up roughly 32% year-over-year, near-breakeven net income for the quarter, $110.2 million of unrestricted cash at quarter-end, and a pipeline exceeding $7 billion including a $1.4 billion AI data centre mandate; management issued initial 2026 guidance. On September 30, 2025 analyst price targets moved higher, lifting the average one-year target into the mid-$30s per share. On November 26, 2025 Gorilla received an improved Relative Strength rating from Investor’s Business Daily, reflecting stronger relative price performance over the past 52 weeks.
Technical Analysis
Directional indicators (ADX/DI+/DI-): ADX registers 17.01, indicating no established trend; directional signals show DI+ increasing to 19.72 while DI- declines to 26.39, which constitutes a bullish directional shift despite low trend strength.
MACD: MACD reads -1.00 and trends higher with the MACD line above the signal at -1.02, producing a bullish MACD crossover that supports momentum improvement.
MRO (Momentum/Regression Oscillator): MRO sits negative at -6.76, which indicates price below target and implies potential for upward pressure as the oscillator suggests mean-reversion toward target levels.
RSI: RSI at 40.21 with a peak-and-reversal pattern signals recent loss of bullish breadth and leaves room for rallies before reaching overbought territory.
Price vs Moving Averages and Bands: Closing price $12.99 sits below the 20-day average $13.42, the 50-day $16.69 and the 200-day $19.58, indicating the market keeps price beneath longer-term averages; the 20-day Bollinger bands place price near the lower band ($12.78–$14.06), suggesting compressed volatility that could precede a directional move. Price12dayEMA shows a peak-and-reversal pattern, reinforcing near-term consolidation risk even as MACD and DI+ point higher.
Volatility & Volume: 42-day beta at 2.08 and elevated average volumes relative to today’s print imply above-market volatility; recent volume trends show lower-than-50/200-day averages, consistent with consolidation rather than trend extension.
Fundamental Analysis
Revenue and margins: Total revenue $26,477,414 for the period aligns with reported quarter-over-quarter revenue growth of 67.01% while year-over-year revenue shows a decline of 29.94% on the provided measure; gross margin at 37.31% and operating margin at 13.11% reflect improving project mix and better cost control year-to-date.
Profitability and earnings: EBITDA $1,911,422 with EBIT $1,547,913 produces an EBIT margin of 5.85%. That EBIT margin sits below the industry peer mean of 38.42% and the industry peer median of 39.66% while remaining above the industry peer low. Reported EPS $0.24 missed the $0.26 estimate by $0.02, an EPS surprise of -7.69%.
Cash, liquidity and capital structure: Cash and short-term investments total $110,155,134, supported by a current ratio of 3.64 and a cash ratio of 1.75, indicating strong near-term liquidity. Total debt $15,939,240 produces debt-to-assets of 5.98% and debt-to-equity of 8.04%, placing leverage at a low level versus typical IT services capital structures.
Cash flow and free cash: Operating cash flow reads negative $2,562,984 while free cash flow sits at -$2,759,053; free cash flow yield registers -0.72%. Cash conversion metrics show robust cash flow margin at 57.13% and free cash to net income near 97.67x, reflecting a disconnect between accounting profit and cash moving through project cycles.
Valuation context: Price-to-earnings at 70.53 and forward P/E near 239.19 reflect elevated market expectations; price-to-sales at 14.49 also sits high. WMDST values the stock as over-valued based on these multiples relative to current earnings and forward estimates.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-11-17 |
| NEXT REPORT DATE: | 2026-02-16 |
| CASH FLOW | Begin Period Cash Flow | $ 10.1 M |
| Operating Cash Flow | $ -2.56 M | |
| Capital Expenditures | $ -196.07 K | |
| Change In Working Capital | $ -7.11 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 100.0 M | |
| End Period Cash Flow | $ 110.2 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 26.5 M | |
| Forward Revenue | $ -411.67 M | |
| COSTS | ||
| Cost Of Revenue | $ 16.6 M | |
| Depreciation | $ 221.2 K | |
| Depreciation and Amortization | $ 363.5 K | |
| Research and Development | $ 825.2 K | |
| Total Operating Expenses | $ 23.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 9.9 M | |
| EBITDA | $ 1.9 M | |
| EBIT | $ 1.5 M | |
| Operating Income | $ 3.5 M | |
| Interest Income | $ 1.1 M | |
| Interest Expense | $ 135.3 K | |
| Net Interest Income | $ 987.9 K | |
| Income Before Tax | $ 1.4 M | |
| Tax Provision | $ 1.4 M | |
| Tax Rate | 20.0 % | |
| Net Income | $ -28.25 K | |
| Net Income From Continuing Operations | $ 1.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.26 | |
| EPS Actual | $ 0.24 | |
| EPS Difference | $ -0.02 | |
| EPS Surprise | -7.692 % | |
| Forward EPS | $ 0.08 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 266.4 M | |
| Intangible Assets | $ 2.5 M | |
| Net Tangible Assets | $ 195.7 M | |
| Total Current Assets | $ 228.9 M | |
| Cash and Short-Term Investments | $ 110.2 M | |
| Cash | $ 110.2 M | |
| Net Receivables | $ 36.5 M | |
| Inventory | — | |
| Long-Term Investments | $ 2.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 38.0 M | |
| Short-Term Debt | $ 11.3 M | |
| Total Current Liabilities | $ 62.8 M | |
| Net Debt | — | |
| Total Debt | $ 15.9 M | |
| Total Liabilities | $ 68.2 M | |
| EQUITY | ||
| Total Equity | $ 198.3 M | |
| Retained Earnings | $ -156.77 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 8.75 | |
| Shares Outstanding | 22.669 M | |
| Revenue Per-Share | $ 1.17 | |
| VALUATION | Market Capitalization | $ 383.7 M |
| Enterprise Value | $ 289.5 M | |
| Enterprise Multiple | 151.459 | |
| Enterprise Multiple QoQ | -242.364 % | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | high: 329.205 GRRR: 151.459 mean: 104.353 median: 95.447 low: -218.656 |
|
| EV/R | 10.934 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.344 | |
| Asset To Liability | 3.908 | |
| Debt To Capital | 0.074 | |
| Debt To Assets | 0.06 | |
| Debt To Assets QoQ | -48.163 % | |
| Debt To Assets YoY | — | |
| Debt To Assets IPRWA | high: 1.278 median: 0.356 mean: 0.293 GRRR: 0.06 low: 0.007 |
|
| Debt To Equity | 0.08 | |
| Debt To Equity QoQ | -57.97 % | |
| Debt To Equity YoY | — | |
| Debt To Equity IPRWA | high: 2.861 mean: 1.35 median: 1.333 GRRR: 0.08 low: -1.675 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.935 | |
| Price To Book QoQ | -53.838 % | |
| Price To Book YoY | — | |
| Price To Book IPRWA | high: 17.066 mean: 9.053 median: 7.457 GRRR: 1.935 low: -6.772 |
|
| Price To Earnings (P/E) | 70.529 | |
| Price To Earnings QoQ | -77.381 % | |
| Price To Earnings YoY | — | |
| Price To Earnings IPRWA | high: 403.784 mean: 127.287 median: 125.234 GRRR: 70.529 low: -292.051 |
|
| PE/G Ratio | 0.235 | |
| Price To Sales (P/S) | 14.492 | |
| Price To Sales QoQ | -25.832 % | |
| Price To Sales YoY | — | |
| Price To Sales IPRWA | high: 85.769 median: 56.608 mean: 44.576 GRRR: 14.492 low: 0.776 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 239.193 | |
| Forward PE/G | 0.797 | |
| Forward P/S | -0.932 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -5.3 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.123 | |
| Asset Turnover Ratio QoQ | -6.728 % | |
| Asset Turnover Ratio YoY | — | |
| Asset Turnover Ratio IPRWA | high: 0.496 median: 0.164 mean: 0.159 GRRR: 0.123 low: 0.012 |
|
| Receivables Turnover | 0.659 | |
| Receivables Turnover Ratio QoQ | 8.612 % | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | high: 18.372 mean: 2.106 median: 2.041 GRRR: 0.659 low: 0.09 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 138.417 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 99.565 mean: 11.288 median: 1.532 GRRR: 0 low: -75.287 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.159 | |
| CapEx To Revenue | -0.007 | |
| CapEx To Depreciation | -0.886 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 202.0 M | |
| Net Invested Capital | $ 213.3 M | |
| Invested Capital | $ 213.3 M | |
| Net Tangible Assets | $ 195.7 M | |
| Net Working Capital | $ 166.1 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.753 | |
| Current Ratio | 3.644 | |
| Current Ratio QoQ | 68.665 % | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | high: 6.28 GRRR: 3.644 mean: 1.364 median: 1.122 low: 0.118 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 8.339 | |
| Cost Of Debt | 0.653 % | |
| Interest Coverage Ratio | 11.445 | |
| Interest Coverage Ratio QoQ | -137.024 % | |
| Interest Coverage Ratio YoY | -130.86 % | |
| Interest Coverage Ratio IPRWA | high: 116.667 mean: 41.817 median: 27.876 GRRR: 11.445 low: -67.657 |
|
| Operating Cash Flow Ratio | 0.241 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 222.88 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 63.719 % | |
| Revenue Growth | 25.683 % | |
| Revenue Growth QoQ | 67.011 % | |
| Revenue Growth YoY | -29.941 % | |
| Revenue Growth IPRWA | high: 51.745 % GRRR: 25.683 % median: 5.767 % mean: 5.461 % low: -41.658 % |
|
| Earnings Growth | 300.0 % | |
| Earnings Growth QoQ | -337.931 % | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | GRRR: 300.0 % high: 233.333 % median: 5.542 % mean: -3.52 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 37.305 % | |
| Gross Margin QoQ | 11.625 % | |
| Gross Margin YoY | -21.253 % | |
| Gross Margin IPRWA | high: 90.505 % median: 77.282 % mean: 65.585 % GRRR: 37.305 % low: -50.144 % |
|
| EBIT Margin | 5.846 % | |
| EBIT Margin QoQ | -128.729 % | |
| EBIT Margin YoY | -121.1 % | |
| EBIT Margin IPRWA | high: 112.717 % median: 39.655 % mean: 38.424 % GRRR: 5.846 % low: -145.564 % |
|
| Return On Sales (ROS) | 13.109 % | |
| Return On Sales QoQ | 27.83 % | |
| Return On Sales YoY | -54.817 % | |
| Return On Sales IPRWA | high: 67.836 % mean: 34.047 % median: 23.884 % GRRR: 13.109 % low: -108.387 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -2.76 M | |
| Free Cash Flow Yield | -0.719 % | |
| Free Cash Flow Yield QoQ | 51.688 % | |
| Free Cash Flow Yield YoY | — | |
| Free Cash Flow Yield IPRWA | high: 10.909 % median: 1.031 % mean: 0.939 % GRRR: -0.719 % low: -14.742 % |
|
| Free Cash Growth | 41.465 % | |
| Free Cash Growth QoQ | -150.449 % | |
| Free Cash Growth YoY | -135.641 % | |
| Free Cash Growth IPRWA | high: 523.452 % GRRR: 41.465 % median: 20.71 % mean: 18.929 % low: -451.668 % |
|
| Free Cash To Net Income | 97.669 | |
| Cash Flow Margin | 57.131 % | |
| Cash Flow To Earnings | -535.479 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -0.013 % | |
| Return On Assets QoQ | -99.475 % | |
| Return On Assets YoY | — | |
| Return On Assets IPRWA | high: 16.255 % mean: 4.801 % median: 4.725 % GRRR: -0.013 % low: -12.964 % |
|
| Return On Capital Employed (ROCE) | 0.76 % | |
| Return On Equity (ROE) | -0.0 | |
| Return On Equity QoQ | -99.652 % | |
| Return On Equity YoY | — | |
| Return On Equity IPRWA | high: 0.299 median: 0.044 mean: 0.035 GRRR: -0.0 low: -0.242 |
|
| DuPont ROE | -0.019 % | |
| Return On Invested Capital (ROIC) | 0.58 % | |
| Return On Invested Capital QoQ | -117.651 % | |
| Return On Invested Capital YoY | -100.29 % | |
| Return On Invested Capital IPRWA | high: 15.138 % mean: 8.892 % median: 7.295 % GRRR: 0.58 % low: -6.709 % |
|