NYSE : GLOB
Globant S.A. — Financial statements
Technology · Information Technology Services · Luxembourg
Last price 43.68 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.89B
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Financial statements
Globant S.A. (GLOB) reported revenue of 2.45B 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 | 2.45B | 2.45B | 2.42B | 2.10B | 1.78B | 1.30B |
| Cost of Revenue | 1.60B | 1.60B | 1.55B | 1.34B | 1.11B | 801.40M |
| Gross Profit | 846.14M | 859.29M | 863.37M | 755.76M | 673.51M | 495.68M |
| Selling, General & Admin | 612.49M | 608.03M | 604.26M | 515.98M | 428.97M | 314.73M |
| Other Operating Expenses | -21.81M | -1.33M | -2.02M | 916.00K | 17.61M | 13.26M |
| Operating Expenses | 598.25M | 614.27M | 609.22M | 535.71M | 452.95M | 335.54M |
| Operating Income | 247.89M | 245.02M | 254.15M | 220.05M | 220.56M | 160.14M |
| Interest Expense | -35.49M | -37.45M | -28.66M | -20.07M | -14.04M | -10.48M |
| Interest & Investment Income | 6.76M | 5.53M | 5.30M | 4.78M | 2.83M | 652.00K |
| Earnings From Equity Investments | 53.00K | 110.00K | 222.00K | 89.00K | 119.00K | -233.00K |
| Currency Exchange Gain (Loss) | -462.00K | -462.00K | 192.00K | -22.01M | -6.67M | 3.90M |
| Other Non Operating Income (Expenses) | -1.14M | -2.68M | -18.00K | 4.79M | 12.65M | -1.07M |
| EBT Excluding Unusual Items | 217.62M | 210.07M | 231.19M | 187.63M | 215.46M | 152.90M |
| Merger & Restructuring Charges | -51.99M | -51.99M | ||||
| Gain (Loss) on Sale of Investments | 2.37M | 2.37M | 2.06M | 24.19M | -7.04M | -6.99M |
| Gain (Loss) on Sale of Assets | -1.63M | -579.00K | ||||
| Asset Writedown | 174.00K | 822.00K | -1.02M | -80.00K | ||
| Legal Settlements | -241.00K | -2.85M | ||||
| Other Unusual Items | -8.36M | -21.30M | -23.00M | -16.86M | -12.64M | -17.55M |
| Pretax Income | 159.65M | 139.15M | 210.43M | 198.02M | 192.88M | 124.85M |
| Income Tax Expense | 40.09M | 35.19M | 41.43M | 39.51M | 43.41M | 28.50M |
| Earnings From Continuing Operations | 119.56M | 103.96M | 169.00M | 158.51M | 149.48M | 96.36M |
| Minority Interest in Earnings | -6.15M | -1.04M | -3.27M | 30.00K | -588.00K | -290.00K |
| Net Income | 113.41M | 102.92M | 165.73M | 158.54M | 148.89M | 96.06M |
| Net Income to Common | 113.41M | 102.92M | 165.73M | 158.54M | 148.89M | 96.06M |
| Shares Outstanding (Basic) | 43.66M | 44.23M | 43.40M | 42.60M | 41.93M | 40.94M |
| Shares Outstanding (Diluted) | 44.00M | 45.01M | 44.59M | 43.59M | 42.85M | 42.08M |
| EPS (Basic) | 2.60 | 2.33 | 3.82 | 3.72 | 3.55 | 2.35 |
| EPS (Diluted) | 2.58 | 2.29 | 3.72 | 3.64 | 3.47 | 2.28 |
| Free Cash Flow | 281.95M | 220.99M | 273.41M | 150.46M | 136.21M | |
| Free Cash Flow Per Share | 6.26 | 4.96 | 6.27 | 3.51 | 3.24 | |
| Gross Margin | 34.52% | 35.00% | 35.74% | 36.06% | 37.83% | 38.21% |
| Operating Margin | 10.11% | 9.98% | 10.52% | 10.50% | 12.39% | 12.35% |
| Profit Margin | 4.63% | 4.19% | 6.86% | 7.56% | 8.36% | 7.41% |
| Free Cash Flow Margin | 11.48% | 9.15% | 13.05% | 8.45% | 10.50% | |
| EBITDA | 391.13M | 393.58M | 372.69M | 319.93M | 293.25M | 216.59M |
| EBITDA Margin | 15.96% | 16.03% | 15.43% | 15.26% | 16.47% | 16.70% |
| D&A For EBITDA | 143.24M | 148.56M | 118.53M | 99.88M | 72.69M | 56.45M |
| EBIT | 247.89M | 245.02M | 254.15M | 220.05M | 220.56M | 160.14M |
| EBIT Margin | 10.11% | 9.98% | 10.52% | 10.50% | 12.39% | 12.35% |
| Effective Tax Rate | 25.11% | 25.29% | 19.69% | 19.95% | 22.50% | 22.82% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 163.77M | 243.74M | 142.09M | 307.22M | 292.46M | 427.80M |
| Short-Term Investments | 5.05M | 3.11M | 1.77M | 5.00M | ||
| Trading Asset Securities | 6.59M | 13.99M | 14.42M | 47.16M | 27.59M | |
| Cash & Short-Term Investments | 168.81M | 250.34M | 156.09M | 324.76M | 341.39M | 460.38M |
| Accounts Receivable | 655.61M | 618.16M | 625.89M | 531.04M | 440.01M | 307.96M |
| Other Receivables | 78.56M | 32.18M | 25.69M | 25.76M | 48.53M | 35.85M |
| Receivables | 734.17M | 652.17M | 653.73M | 560.15M | 491.02M | 345.19M |
| Prepaid Expenses | 44.39M | 24.99M | 26.93M | 18.54M | 10.03M | |
| Other Current Assets | 8.89M | 6.86M | 3.74M | 12.69M | 6.66M | 4.00M |
| Total Current Assets | 911.88M | 953.76M | 838.55M | 924.53M | 857.61M | 819.60M |
| Property, Plant & Equipment | 214.81M | 237.87M | 277.64M | 282.14M | 309.04M | 277.95M |
| Long-Term Investments | 34.62M | 28.67M | 36.81M | 32.00M | 33.63M | 23.65M |
| Goodwill | 1.60B | 1.60B | 1.48B | 1.11B | 734.95M | 567.45M |
| Other Intangible Assets | 312.13M | 345.95M | 378.02M | 284.03M | 181.62M | 100.88M |
| Long-Term Accounts Receivable | 3.16M | 5.02M | 4.97M | 4.09M | 10.66M | 8.58M |
| Long-Term Deferred Tax Assets | 99.05M | 91.06M | 80.81M | 60.78M | 41.98M | 58.40M |
| Other Long-Term Assets | 61.15M | 48.90M | 40.61M | 28.48M | 22.09M | 25.30M |
| Total Assets | 3.23B | 3.32B | 3.15B | 2.73B | 2.20B | 1.88B |
| Accounts Payable | 118.37M | 33.60M | 55.73M | 48.48M | 35.75M | 22.17M |
| Accrued Expenses | 217.50M | 288.00M | 317.65M | 316.11M | 272.75M | 231.13M |
| Short-Term Debt | 50.00M | |||||
| Current Portion of Long-Term Debt | 19.36M | 19.67M | 1.60M | 156.92M | 2.84M | 10.30M |
| Current Portion of Leases | 25.74M | 28.51M | 29.74M | 47.85M | 37.68M | 25.92M |
| Current Income Taxes Payable | 14.12M | 10.73M | 6.52M | 11.29M | 11.28M | 20.32M |
| Current Unearned Revenue | 19.88M | 5.91M | 8.05M | 3.53M | 7.95M | |
| Other Current Liabilities | 99.38M | 129.90M | 90.01M | 76.63M | 64.76M | 68.51M |
| Total Current Liabilities | 494.48M | 580.29M | 507.16M | 665.32M | 428.59M | 386.30M |
| Long-Term Debt | 402.59M | 347.17M | 290.94M | 2.19M | 861.00K | 1.94M |
| Long-Term Leases | 70.16M | 78.43M | 87.89M | 70.88M | 97.46M | 108.57M |
| Long-Term Deferred Tax Liabilities | 26.47M | 30.91M | 29.78M | 21.10M | 11.29M | 1.29M |
| Other Long-Term Liabilities | 64.64M | 119.80M | 200.15M | 171.69M | 101.43M | 78.13M |
| Total Liabilities | 1.06B | 1.16B | 1.12B | 931.18M | 639.63M | 576.22M |
| Common Stock | 52.11M | 52.60M | 52.84M | 51.70M | 50.72M | 50.08M |
| Additional Paid-In Capital | 1.16B | 1.17B | 1.19B | 1.02B | 950.52M | 872.03M |
| Retained Earnings | 1.00B | 965.74M | 862.82M | 697.09M | 538.55M | 389.66M |
| Comprehensive Income & Other | -102.12M | -92.72M | -144.76M | -42.05M | -32.24M | -6.39M |
| Total Common Equity | 2.11B | 2.09B | 1.96B | 1.73B | 1.51B | 1.31B |
| Minority Interest | 60.38M | 68.03M | 69.42M | 66.02M | 48.61M | 2.94M |
| Shareholders' Equity | 2.17B | 2.16B | 2.03B | 1.80B | 1.56B | 1.31B |
| Total Liabilities & Equity | 3.23B | 3.32B | 3.15B | 2.73B | 2.20B | 1.88B |
| Total Debt | 517.85M | 523.77M | 410.16M | 277.84M | 138.84M | 146.72M |
| Net Cash (Debt) | -349.04M | -273.44M | -254.07M | 46.91M | 202.55M | 313.66M |
| Net Cash Per Share | -7.93 | -6.08 | -5.70 | 1.08 | 4.73 | 7.45 |
| Filing Date Shares Outstanding | 42.86M | 43.18M | 44.05M | 43.09M | 42.27M | 41.89M |
| Total Common Shares Outstanding | 42.86M | 43.84M | 44.03M | 43.09M | 42.27M | 41.73M |
| Working Capital | 417.41M | 373.46M | 331.38M | 259.21M | 429.02M | 433.30M |
| Book Value Per Share | 49.32 | 47.76 | 44.61 | 40.14 | 35.67 | 31.28 |
| Tangible Book Value | 205.96M | 146.13M | 102.46M | 340.56M | 590.98M | 637.04M |
| Tangible Book Value Per Share | 4.81 | 3.33 | 2.33 | 7.90 | 13.98 | 15.26 |
| Land | 2.35M | 2.35M | 2.35M | 2.35M | 2.35M | |
| Buildings | 74.61M | 74.61M | 74.46M | 31.50M | 13.97M | |
| Machinery | 263.35M | 243.98M | 227.51M | 187.80M | 149.35M | |
| Construction In Progress | 1.68M | 10.05M | 7.54M | 59.17M | 62.61M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 102.92M | 165.73M | 158.54M | 148.89M | 96.06M | |
| Depreciation & Amortization | 181.42M | 156.37M | 139.86M | 107.93M | 80.29M | |
| Other Amortization | 6.36M | 6.36M | ||||
| Loss (Gain) From Sale of Assets | 3.77M | -1.04M | -643.00K | |||
| Asset Writedown & Restructuring Costs | 4.11M | 2.55M | 24.00K | 2.65M | 80.00K | |
| Loss (Gain) From Sale of Investments | -19.13M | 7.96M | -36.66M | -147.00K | 13.97M | |
| Loss (Gain) on Equity Investments | -110.00K | -222.00K | -89.00K | -119.00K | 233.00K | |
| Stock-Based Compensation | 75.68M | 81.80M | 72.94M | 60.25M | 37.03M | |
| Other Operating Activities | 19.75M | -20.11M | 41.88M | 3.56M | -6.57M | |
| Change in Accounts Receivable | 36.24M | -113.06M | -44.30M | -104.31M | -93.02M | |
| Change in Accounts Payable | -6.55M | -38.09M | 19.00M | -2.65M | 10.87M | |
| Change in Income Taxes | -14.30M | -8.24M | -1.68M | 264.00K | 4.59M | |
| Change in Other Net Operating Assets | -88.98M | 8.72M | -31.00M | -18.79M | 36.07M | |
| Operating Cash Flow | 301.18M | 248.73M | 318.52M | 197.52M | 178.97M | |
| Capital Expenditures | -19.22M | -27.73M | -45.11M | -47.06M | -42.77M | |
| Sale of Property, Plant & Equipment | 1.25M | |||||
| Cash Acquisitions | -54.77M | -301.07M | -267.63M | -148.61M | -163.93M | |
| Sale (Purchase) of Intangibles | -70.26M | -85.89M | -81.69M | -48.37M | -34.87M | |
| Investment in Securities | 8.16M | 11.41M | 36.64M | -9.55M | -20.19M | |
| Other Investing Activities | 1.58M | -622.00K | 7.43M | -15.72M | -12.38M | |
| Investing Cash Flow | -134.51M | -403.90M | -350.36M | -269.30M | -272.88M | |
| Long-Term Debt Issued | 260.17M | 440.66M | 395.62M | 13.50M | ||
| Long-Term Debt Repaid | -214.79M | -383.97M | -310.30M | -38.83M | -51.17M | |
| Lease Payments | -28.59M | -36.62M | -38.51M | -30.56M | -21.79M | |
| Net Debt Issued (Repaid) | 45.38M | 56.70M | 85.32M | -38.83M | -37.67M | |
| Issuance of Common Stock | 12.05M | 14.06M | 13.32M | 12.49M | 295.16M | |
| Repurchase of Common Stock | -56.13M | -10.68M | -11.52M | -9.32M | -7.26M | |
| Other Financing Activities | -65.88M | -65.89M | -42.59M | -30.02M | -6.25M | |
| Financing Cash Flow | -64.57M | -5.81M | 44.53M | -65.68M | 243.99M | |
| Foreign Exchange Rate Adjustments | -447.00K | -4.14M | 2.07M | 2.11M | -1.22M | |
| Net Cash Flow | 101.65M | -165.13M | 14.77M | -135.35M | 148.87M | |
| Free Cash Flow | 281.95M | 220.99M | 273.41M | 150.46M | 136.21M | |
| Free Cash Flow Margin | 11.48% | 9.15% | 13.05% | 8.45% | 10.50% | |
| Free Cash Flow Per Share | 6.26 | 4.96 | 6.27 | 3.51 | 3.24 | |
| Levered Free Cash Flow | 291.90M | 206.34M | 201.47M | 84.12M | 177.48M | |
| Unlevered Free Cash Flow | 315.30M | 224.25M | 214.01M | 92.89M | 184.03M | |
| Free Cash Flow After Leases | 253.36M | 184.38M | 234.90M | 119.90M | 114.42M | |
| Cash Interest Paid | 27.59M | 19.14M | 10.43M | 9.31M | 6.25M | |
| Cash Income Tax Paid | 66.89M | 69.03M | 48.78M | 52.91M | 50.20M | |
| Change in Working Capital | -73.59M | -150.67M | -57.97M | -125.49M | -41.48M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.10B | 2.88B | 9.25B | 10.06B | 7.03B | 13.00B |
| Enterprise Value | 2.44B | 3.26B | 9.41B | 10.06B | 6.80B | 12.64B |
| Last Close Price | 46.72 | 65.37 | 214.42 | 237.98 | 168.16 | 314.09 |
| PE Ratio | 18.81 | 27.98 | 55.82 | 63.45 | 47.18 | 135.27 |
| Forward PE | 7.96 | 10.48 | 30.22 | 36.85 | 29.29 | 72.19 |
| PS Ratio | 0.85 | 1.17 | 3.83 | 4.80 | 3.95 | 10.02 |
| PB Ratio | 0.95 | 1.33 | 4.55 | 5.60 | 4.51 | 9.93 |
| P/TBV Ratio | 10.14 | 19.71 | 90.28 | 29.54 | 11.89 | 20.40 |
| P/FCF Ratio | 6.45 | 10.21 | 41.86 | 36.79 | 46.69 | 95.41 |
| P/OCF Ratio | 6.15 | 9.56 | 37.19 | 31.58 | 35.57 | 72.61 |
| PEG Ratio | 4.70 | 1.62 | 1.56 | 1.39 | 2.23 | |
| EV/Sales Ratio | 0.99 | 1.33 | 3.90 | 4.80 | 3.82 | 9.74 |
| EV/EBITDA Ratio | 6.23 | 8.28 | 25.25 | 31.45 | 23.19 | 58.34 |
| EV/EBIT Ratio | 9.84 | 13.29 | 37.02 | 45.72 | 30.84 | 78.90 |
| EV/FCF Ratio | 7.53 | 11.55 | 42.58 | 36.80 | 45.20 | 92.76 |
| Debt / Equity Ratio | 0.24 | 0.24 | 0.20 | 0.15 | 0.09 | 0.11 |
| Debt / EBITDA Ratio | 1.22 | 1.23 | 1.00 | 0.77 | 0.42 | 0.61 |
| Debt / FCF Ratio | 1.86 | 1.86 | 1.02 | 0.92 | 1.08 | |
| Net Debt / Equity Ratio | 0.16 | 0.13 | 0.12 | -0.03 | -0.13 | -0.24 |
| Net Debt / EBITDA Ratio | 0.89 | 0.69 | 0.68 | -0.15 | -0.69 | -1.45 |
| Net Debt / FCF Ratio | 0.97 | 1.15 | -0.17 | -1.35 | -2.30 | |
| Asset Turnover | 0.74 | 0.76 | 0.82 | 0.85 | 0.87 | 0.82 |
| Quick Ratio | 1.83 | 1.55 | 1.59 | 1.32 | 1.94 | 2.08 |
| Current Ratio | 1.84 | 1.64 | 1.65 | 1.39 | 2.00 | 2.12 |
| Return on Equity (ROE) | 5.48% | 4.96% | 8.83% | 9.46% | 10.44% | 8.81% |
| Return on Assets (ROA) | 4.67% | 4.74% | 5.41% | 5.59% | 6.76% | 6.31% |
| Return on Invested Capital (ROIC) | 7.46% | 7.75% | 10.11% | 11.36% | 14.56% | 14.62% |
| Return on Capital Employed (ROCE) | 9.10% | 8.90% | 9.60% | 10.70% | 12.50% | 10.70% |
| Earnings Yield | 5.32% | 3.57% | 1.79% | 1.58% | 2.12% | 0.74% |
| FCF Yield | 15.49% | 9.79% | 2.39% | 2.72% | 2.14% | 1.05% |
| Buyback Yield / Dilution | 2.65% | -0.93% | -2.28% | -1.72% | -1.85% | -5.94% |