NASDAQ : GLBE
Global-E Online Ltd. — Financial statements
Consumer Discretionary · Internet Retail · Israel
Last price 41.4 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 6.95B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Global-E Online Ltd. (GLBE) reported revenue of 1.11B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.11B | 962.20M | 752.76M | 569.95M | 409.05M | 245.27M |
| Cost of Revenue | 607.27M | 525.95M | 413.33M | 336.34M | 250.87M | 153.84M |
| Gross Profit | 501.25M | 436.25M | 339.43M | 233.60M | 158.18M | 91.43M |
| Selling, General & Admin | 210.88M | 241.29M | 301.87M | 260.93M | 245.64M | 127.33M |
| Research & Development | 131.84M | 122.75M | 105.49M | 97.57M | 81.21M | 29.76M |
| Operating Expenses | 342.72M | 364.04M | 407.36M | 358.50M | 326.85M | 157.09M |
| Operating Income | 158.53M | 72.20M | -67.93M | -124.90M | -168.67M | -65.66M |
| Interest Expense | -1.17M | -1.17M | -11.46M | -12.02M | -2.56M | |
| Interest & Investment Income | 409.00K | 5.26M | ||||
| Other Non Operating Income (Expenses) | -5.87M | |||||
| EBT Excluding Unusual Items | 157.77M | 71.03M | -79.39M | -119.64M | -180.69M | -74.09M |
| Merger & Restructuring Charges | -325.00K | -325.00K | -8.49M | |||
| Gain (Loss) on Sale of Investments | -73.00K | -140.00K | ||||
| Other Unusual Items | -210.00K | -210.00K | -12.16M | -12.16M | ||
| Pretax Income | 157.23M | 70.50M | -79.39M | -131.80M | -201.42M | -74.23M |
| Income Tax Expense | 3.52M | 2.23M | -3.85M | 2.01M | -6.01M | 705.00K |
| Net Income | 153.71M | 68.27M | -75.55M | -133.81M | -195.41M | -74.93M |
| Net Income to Common | 153.71M | 68.27M | -75.55M | -133.81M | -195.41M | -74.93M |
| Shares Outstanding (Basic) | 169.06M | 169.89M | 167.32M | 164.35M | 157.69M | 101.74M |
| Shares Outstanding (Diluted) | 178.80M | 175.99M | 167.32M | 164.35M | 157.69M | 101.74M |
| EPS (Basic) | 0.91 | 0.40 | -0.45 | -0.81 | -1.24 | -0.74 |
| EPS (Diluted) | 0.86 | 0.39 | -0.45 | -0.81 | -1.24 | -0.74 |
| Free Cash Flow | 290.03M | 280.68M | 167.06M | 106.48M | 80.98M | 15.27M |
| Free Cash Flow Per Share | 1.62 | 1.59 | 1.00 | 0.65 | 0.51 | 0.15 |
| Gross Margin | 45.22% | 45.34% | 45.09% | 40.99% | 38.67% | 37.28% |
| Operating Margin | 14.30% | 7.50% | -9.02% | -21.91% | -41.23% | -26.77% |
| Profit Margin | 13.87% | 7.09% | -10.04% | -23.48% | -47.77% | -30.55% |
| Free Cash Flow Margin | 26.16% | 29.17% | 22.19% | 18.68% | 19.80% | 6.22% |
| EBITDA | 199.35M | 159.18M | 101.61M | 47.77M | 9.79M | 18.97M |
| EBITDA Margin | 17.98% | 16.54% | 13.50% | 8.38% | 2.39% | 7.74% |
| D&A For EBITDA | 40.83M | 86.98M | 169.54M | 172.67M | 178.47M | 84.63M |
| EBIT | 158.53M | 72.20M | -67.93M | -124.90M | -168.67M | -65.66M |
| EBIT Margin | 14.30% | 7.50% | -9.02% | -21.91% | -41.23% | -26.77% |
| Effective Tax Rate | 2.24% | 3.16% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 285.36M | 245.86M | 254.62M | 200.08M | 165.03M | 448.62M |
| Short-Term Investments | 245.05M | 376.98M | 219.82M | 117.34M | 63.17M | 60.45M |
| Cash & Short-Term Investments | 530.41M | 622.84M | 474.44M | 317.42M | 228.20M | 509.07M |
| Accounts Receivable | 78.63M | 55.71M | 41.17M | 27.84M | 16.42M | 9.19M |
| Other Receivables | 157.78M | 275.32M | 190.39M | 158.03M | 121.42M | 96.67M |
| Receivables | 236.42M | 331.03M | 231.56M | 185.88M | 137.84M | 105.85M |
| Prepaid Expenses | 124.22M | 22.04M | 13.04M | 14.80M | 7.85M | 6.27M |
| Other Current Assets | 10.76M | 4.17M | 2.36M | 764.00K | 1.27M | |
| Total Current Assets | 891.05M | 986.66M | 723.21M | 520.46M | 374.65M | 622.46M |
| Property, Plant & Equipment | 32.19M | 31.73M | 34.87M | 33.29M | 30.00M | 23.38M |
| Long-Term Investments | 12.06M | 4.08M | 1.08M | |||
| Goodwill | 375.40M | 375.40M | 367.57M | 367.57M | 367.57M | |
| Other Intangible Assets | 40.43M | 52.92M | 125.74M | 270.75M | 381.42M | 196.54M |
| Long-Term Deferred Tax Assets | 171.00K | |||||
| Long-Term Deferred Charges | 4.14M | 4.24M | 3.79M | 2.67M | 1.82M | 1.31M |
| Other Long-Term Assets | 7.76M | 7.23M | 7.63M | 6.96M | 2.43M | |
| Total Assets | 1.36B | 1.46B | 1.26B | 1.20B | 1.16B | 846.13M |
| Accounts Payable | 80.77M | 91.58M | 79.56M | 50.94M | 52.22M | 24.06M |
| Accrued Expenses | 186.02M | 143.92M | 91.68M | 90.28M | 62.45M | 37.26M |
| Current Portion of Leases | 6.00M | 5.05M | 4.35M | 4.03M | 3.25M | 2.52M |
| Other Current Liabilities | 157.78M | 269.39M | 172.85M | 128.26M | 91.67M | 67.73M |
| Total Current Liabilities | 430.57M | 509.95M | 348.44M | 273.51M | 209.58M | 131.57M |
| Long-Term Leases | 19.39M | 18.45M | 20.51M | 19.29M | 16.58M | 18.80M |
| Long-Term Deferred Tax Liabilities | 65.00K | 286.00K | 6.51M | 6.56M | ||
| Other Long-Term Liabilities | 1.57M | 1.42M | 1.10M | 1.07M | 1.76M | |
| Total Liabilities | 451.60M | 530.10M | 370.05M | 300.38M | 234.48M | 150.38M |
| Additional Paid-In Capital | 1.47B | 1.43B | 1.36B | 1.25B | 823.55M | |
| Retained Earnings | -585.21M | -536.35M | -532.40M | -456.85M | -323.05M | -127.64M |
| Comprehensive Income & Other | 1.44M | 2.80M | 515.00K | -1.42M | -1.93M | -159.00K |
| Total Common Equity | 903.66M | 932.68M | 893.43M | 901.98M | 928.12M | 695.75M |
| Shareholders' Equity | 903.66M | 932.68M | 893.43M | 901.98M | 928.12M | 695.75M |
| Total Liabilities & Equity | 1.36B | 1.46B | 1.26B | 1.20B | 1.16B | 846.13M |
| Total Debt | 25.40M | 23.50M | 24.86M | 23.32M | 19.82M | 21.32M |
| Net Cash (Debt) | 505.01M | 599.33M | 449.58M | 294.10M | 208.38M | 487.75M |
| Net Cash Per Share | 2.82 | 3.41 | 2.69 | 1.79 | 1.32 | 4.79 |
| Filing Date Shares Outstanding | 167.54M | 167.57M | 169.44M | 166.31M | 163.47M | 155.65M |
| Total Common Shares Outstanding | 167.54M | 169.05M | 169.13M | 165.77M | 161.32M | 150.46M |
| Working Capital | 460.47M | 476.71M | 374.77M | 246.95M | 165.07M | 490.89M |
| Book Value Per Share | 5.39 | 5.52 | 5.28 | 5.44 | 5.75 | 4.62 |
| Tangible Book Value | 487.83M | 504.37M | 400.13M | 263.67M | 179.13M | 499.21M |
| Tangible Book Value Per Share | 2.91 | 2.98 | 2.37 | 1.59 | 1.11 | 3.32 |
| Machinery | 8.05M | 6.42M | 5.01M | 4.02M | 2.03M | |
| Leasehold Improvements | 12.19M | 10.56M | 9.63M | 8.88M | 2.27M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 153.71M | 68.27M | -75.55M | -133.81M | -195.41M | -74.93M |
| Depreciation & Amortization | 40.83M | 86.98M | 169.54M | 172.67M | 178.47M | 84.63M |
| Loss (Gain) From Sale of Investments | 73.00K | 140.00K | ||||
| Stock-Based Compensation | 41.48M | 39.34M | 39.16M | 44.96M | 38.91M | 12.00M |
| Other Operating Activities | -6.18M | -14.13M | 3.34M | -2.57M | 6.62M | 8.30M |
| Change in Accounts Receivable | -48.29M | -14.37M | -13.33M | -11.42M | 2.66M | -5.59M |
| Change in Accounts Payable | 27.86M | 11.98M | 28.62M | -1.28M | 16.65M | 5.01M |
| Change in Other Net Operating Assets | 82.99M | 106.15M | 24.13M | 39.54M | 49.53M | -11.31M |
| Operating Cash Flow | 291.96M | 283.78M | 169.39M | 108.22M | 89.33M | 18.15M |
| Capital Expenditures | -1.92M | -3.10M | -2.33M | -1.74M | -8.35M | -2.88M |
| Cash Acquisitions | -17.76M | -17.76M | -317.48M | |||
| Investment in Securities | 63.46M | -159.85M | -102.78M | -53.30M | -4.27M | -37.61M |
| Investing Cash Flow | 43.78M | -180.71M | -105.12M | -55.04M | -330.10M | -40.49M |
| Issuance of Common Stock | 1.16M | 1.39M | 3.28M | 1.99M | 1.24M | 398.61M |
| Repurchase of Common Stock | -199.16M | -72.22M | ||||
| Financing Cash Flow | -198.00M | -70.83M | 3.28M | 1.99M | 1.24M | 398.61M |
| Foreign Exchange Rate Adjustments | 4.84M | 10.98M | -4.47M | 1.90M | -7.84M | -2.40M |
| Net Cash Flow | 142.58M | 43.23M | 63.09M | 57.08M | -247.38M | 373.87M |
| Free Cash Flow | 290.03M | 280.68M | 167.06M | 106.48M | 80.98M | 15.27M |
| Free Cash Flow Margin | 26.16% | 29.17% | 22.19% | 18.68% | 19.80% | 6.22% |
| Free Cash Flow Per Share | 1.62 | 1.59 | 1.00 | 0.65 | 0.51 | 0.15 |
| Levered Free Cash Flow | 181.36M | 213.37M | 185.62M | 144.39M | 140.30M | 44.93M |
| Unlevered Free Cash Flow | 182.09M | 214.10M | 192.79M | 144.39M | 147.82M | 46.53M |
| Cash Income Tax Paid | 3.67M | 3.67M | 2.60M | 729.00K | 249.00K | 5.00K |
| Change in Working Capital | 62.12M | 103.32M | 32.91M | 26.97M | 60.66M | -11.98M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.95B | 6.67B | 9.11B | 6.51B | 3.23B | 9.23B |
| Enterprise Value | 6.45B | 6.14B | 8.77B | 6.28B | 3.06B | 8.74B |
| Last Close Price | 41.40 | 39.31 | 54.53 | 39.63 | 20.64 | 63.39 |
| PE Ratio | 47.99 | 97.73 | ||||
| Forward PE | 30.06 | 46.66 | 61.27 | 59.53 | 69.38 | |
| PS Ratio | 6.27 | 6.93 | 12.10 | 11.42 | 7.89 | 37.64 |
| PB Ratio | 7.68 | 7.15 | 10.19 | 7.22 | 3.48 | 13.27 |
| P/TBV Ratio | 14.25 | 13.23 | 22.76 | 24.69 | 18.03 | 18.49 |
| P/FCF Ratio | 23.98 | 23.77 | 54.51 | 61.13 | 39.88 | 604.68 |
| P/OCF Ratio | 23.82 | 23.51 | 53.76 | 60.15 | 36.15 | 508.63 |
| EV/Sales Ratio | 5.82 | 6.38 | 11.65 | 11.02 | 7.48 | 35.65 |
| EV/EBITDA Ratio | 32.35 | 38.59 | 86.34 | 131.41 | 312.28 | 460.87 |
| EV/EBIT Ratio | 40.68 | 85.08 | ||||
| EV/FCF Ratio | 22.23 | 21.89 | 52.52 | 58.96 | 37.77 | 572.65 |
| Debt / Equity Ratio | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 |
| Debt / EBITDA Ratio | 0.12 | 0.14 | 0.23 | 0.44 | 1.46 | 1.04 |
| Debt / FCF Ratio | 0.09 | 0.08 | 0.15 | 0.22 | 0.24 | 1.40 |
| Net Debt / Equity Ratio | -0.56 | -0.64 | -0.50 | -0.33 | -0.23 | -0.70 |
| Net Debt / EBITDA Ratio | -2.53 | -3.77 | -4.42 | -6.16 | -21.28 | -25.71 |
| Net Debt / FCF Ratio | -1.74 | -2.13 | -2.69 | -2.76 | -2.57 | -31.95 |
| Asset Turnover | 0.86 | 0.71 | 0.61 | 0.48 | 0.41 | 0.49 |
| Quick Ratio | 1.78 | 1.87 | 2.03 | 1.84 | 1.75 | 4.67 |
| Current Ratio | 2.07 | 1.94 | 2.08 | 1.90 | 1.79 | 4.73 |
| Return on Equity (ROE) | 16.96% | 7.48% | -8.42% | -14.62% | -24.07% | -19.48% |
| Return on Assets (ROA) | 7.71% | 3.31% | -3.44% | -6.60% | -10.50% | -8.15% |
| Return on Invested Capital (ROIC) | 39.67% | 17.99% | -12.92% | -18.82% | -36.36% | -31.57% |
| Return on Capital Employed (ROCE) | 17.10% | 7.60% | -7.40% | -13.40% | -17.70% | -9.20% |
| Earnings Yield | 2.08% | 1.02% | -0.83% | -2.06% | -6.05% | -0.81% |
| FCF Yield | 4.17% | 4.21% | 1.84% | 1.64% | 2.51% | 0.17% |
| Buyback Yield / Dilution | -5.92% | -5.18% | -1.81% | -4.23% | -55.00% | -255.25% |