This chapter gives a brief review on the theory of gamma-ray bursts (GRBs), including the models of multi-messengers (e.g., prompt multiwavelength electromagnetic emissions, high-energy neutrinos, ultra-high-energy cosmic rays, and gravitational waves) and central engines (in particular, mergers of binary neutron stars for short GRBs). For detailed reviews, please see (Piran in Phys. Rep. 314:575, 1999; Rev. Mod. Phys. 76:1143, 2004; Meszaros in Annu. Rev. Astron. Astrophys. 40:137, 2002; Rep. Prog. Phys. 69:2259, 2006; Zhang and Meszaros in Int. J. Mod. Phys. A 19:2385, 2004; Zhang in Chin. J. Astron. Astrophys. 7:1, 2007; Nakar in Phys. Rep. 442:166, 2007; Kumar and Zhang in Phys. Rep. 561:1, 2015).
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