Global-E Online Ltd. Financials

GLBE

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Global-E Online Ltd. (GLBE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 72/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Global-E Online Ltd. has an operating margin of -9.0%, meaning the company retains $-9 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -24.1% the prior year.

Growth

100

Global-E Online Ltd.'s revenue surged 32.1% year-over-year to $752.8M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Global-E Online Ltd. carries a low D/E ratio of 0.41, meaning only $0.41 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Global-E Online Ltd.'s current ratio of 2.08 indicates adequate short-term liquidity, earning a score of 63/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

100

Global-E Online Ltd. converts 22.2% of revenue into free cash flow ($167.1M). This strong cash generation earns a score of 100/100.

Piotroski F-Score Neutral

6/9

Global-E Online Ltd. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-2.24x

For every $1 of reported earnings, Global-E Online Ltd. generates $-2.24 in operating cash flow ($169.4M OCF vs -$75.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Revenue

$752.8M

YoY+32.1%

5Y CAGR+62.8%

Global-E Online Ltd. generated $752.8M in revenue in fiscal year 2024. This represents an increase of 32.1% from the prior year.

EBITDA

-$65.8M

YoY+51.4%

Global-E Online Ltd.'s EBITDA was -$65.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 51.4% from the prior year.

Free Cash Flow

$167.1M

YoY+56.9%

5Y CAGR+89.9%

Global-E Online Ltd. generated $167.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 56.9% from the prior year.

Net Income

-$75.5M

YoY+43.5%

Global-E Online Ltd. reported -$75.5M in net income in fiscal year 2024. This represents an increase of 43.5% from the prior year.

EPS (Diluted)

$-0.45

YoY+44.4%

Global-E Online Ltd. earned $-0.45 per diluted share (EPS) in fiscal year 2024. This represents an increase of 44.4% from the prior year.

Cash & Debt

$254.6M

YoY+27.3%

5Y CAGR+119.2%

Global-E Online Ltd. held $254.6M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

169M

YoY+2.0%

Global-E Online Ltd. had 169M shares outstanding in fiscal year 2024. This represents an increase of 2.0% from the prior year.

Gross Margin

45.1%

YoY+4.1pp

5Y CAGR+16.8pp

Global-E Online Ltd.'s gross margin was 45.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 4.1 percentage points from the prior year.

Operating Margin

-9.0%

YoY+15.0pp

5Y CAGR-1.5pp

Global-E Online Ltd.'s operating margin was -9.0% in fiscal year 2024, reflecting core business profitability. This is up 15.0 percentage points from the prior year.

Net Margin

-10.0%

YoY+13.4pp

5Y CAGR+1.4pp

Global-E Online Ltd.'s net profit margin was -10.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 13.4 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$105.5M

YoY+8.1%

5Y CAGR+54.4%

Global-E Online Ltd. invested $105.5M in research and development in fiscal year 2024. This represents an increase of 8.1% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$2.3M

YoY+34.1%

5Y CAGR+54.6%

Global-E Online Ltd. invested $2.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 34.1% from the prior year.

GLBE Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$752.8M+32.1%	$569.9M+39.3%	$409.0M+66.8%	$245.3M+79.9%	$136.4M+107.1%	$65.9M
Cost of Revenue	$413.3M+22.9%	$336.3M+34.1%	$250.9M+63.1%	$153.8M+65.6%	$92.9M+96.9%	$47.2M
Gross Profit	$339.4M+45.3%	$233.6M+47.7%	$158.2M+73.0%	$91.4M+110.3%	$43.5M+132.9%	$18.7M
R&D Expenses	$105.5M+8.1%	$97.6M+20.1%	$81.2M+172.9%	$29.8M+93.3%	$15.4M+28.0%	$12.0M
SG&A Expenses	$51.2M-8.6%	$56.1M-6.9%	$60.2M+165.8%	$22.6M+130.5%	$9.8M+40.6%	$7.0M
Operating Income	-$67.9M+50.4%	-$137.1M+27.6%	-$189.3M-188.3%	-$65.7M-880.4%	$8.4M+269.9%	-$5.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$3.8M-291.5%	$2.0M+133.4%	-$6.0M-952.8%	$705K+340.6%	$160K+370.6%	$34K
Net Income	-$75.5M+43.5%	-$133.8M+31.5%	-$195.4M-160.8%	-$74.9M-2014.5%	$3.9M+151.9%	-$7.5M
EPS (Diluted)	$-0.45+44.4%	$-0.81+34.7%	$-1.24-67.6%	$-0.74	$0.03+107.9%	$-0.38

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A

GLBE Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.3B+5.1%	$1.2B+3.4%	$1.2B+37.4%	$846.1M+424.6%	$161.3M	N/A
Current Assets	$723.2M+39.0%	$520.5M+38.9%	$374.7M-39.8%	$622.5M+306.6%	$153.1M	N/A
Cash & Equivalents	$254.6M+27.3%	$200.1M+21.2%	$165.0M-63.2%	$448.6M+553.6%	$68.6M+1263.5%	$5.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$41.2M+47.9%	$27.8M+69.5%	$16.4M+78.8%	$9.2M+155.6%	$3.6M	N/A
Goodwill	$367.6M0.0%	$367.6M0.0%	$367.6M	$0	N/A	N/A
Total Liabilities	$370.0M+23.2%	$300.4M+28.1%	$234.5M+55.9%	$150.4M-26.9%	$205.8M	N/A
Current Liabilities	$348.4M+27.4%	$273.5M+30.5%	$209.6M+59.3%	$131.6M+56.8%	$83.9M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$893.4M-0.9%	$902.0M-2.8%	$928.1M+33.4%	$695.8M+1663.1%	-$44.5M+16.1%	-$53.0M
Retained Earnings	-$532.4M-16.5%	-$456.9M-41.4%	-$323.0M-153.1%	-$127.6M-142.2%	-$52.7M	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Total Assets	$1.3B+5.1%	$1.2B+3.4%	$1.2B+37.4%	$846.1M+424.6%	$161.3M
Current Assets	$723.2M+39.0%	$520.5M+38.9%	$374.7M-39.8%	$622.5M+306.6%	$153.1M
Cash & Equivalents	$254.6M+27.3%	$200.1M+21.2%	$165.0M-63.2%	$448.6M+553.6%	$68.6M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$41.2M+47.9%	$27.8M+69.5%	$16.4M+78.8%	$9.2M+155.6%	$3.6M
Goodwill	$367.6M0.0%	$367.6M0.0%	$367.6M	$0	N/A
Total Liabilities	$370.0M+23.2%	$300.4M+28.1%	$234.5M+55.9%	$150.4M-26.9%	$205.8M
Current Liabilities	$348.4M+27.4%	$273.5M+30.5%	$209.6M+59.3%	$131.6M+56.8%	$83.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$893.4M-0.9%	$902.0M-2.8%	$928.1M+33.4%	$695.8M+1663.1%	-$44.5M
Retained Earnings	-$532.4M-16.5%	-$456.9M-41.4%	-$323.0M-153.1%	-$127.6M-142.2%	-$52.7M

GLBE Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$169.4M+56.5%	$108.2M+21.2%	$89.3M+392.1%	$18.2M-38.2%	$29.4M+317.6%	$7.0M
Capital Expenditures	$2.3M+34.1%	$1.7M-79.2%	$8.4M+189.7%	$2.9M+532.2%	$456K+72.7%	$264K
Free Cash Flow	$167.1M+56.9%	$106.5M+31.5%	$81.0M+430.4%	$15.3M-47.2%	$28.9M+327.2%	$6.8M
Investing Cash Flow	-$105.1M-91.0%	-$55.0M+83.3%	-$330.1M-715.3%	-$40.5M-68.4%	-$24.0M-5219.9%	-$452K
Financing Cash Flow	$3.3M+64.5%	$2.0M+60.7%	$1.2M-99.7%	$398.6M+571.5%	$59.4M+40281.0%	$147K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

GLBE Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	45.1%+4.1pp	41.0%+2.3pp	38.7%+1.4pp	37.3%+5.4pp	31.9%+3.5pp	28.3%
Operating Margin	-9.0%+15.0pp	-24.1%+22.2pp	-46.3%-19.5pp	-26.8%-32.9pp	6.2%+13.7pp	-7.5%
Net Margin	-10.0%+13.4pp	-23.5%+24.3pp	-47.8%-17.2pp	-30.6%-33.4pp	2.9%+14.3pp	-11.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-6.0%+5.1pp	-11.1%+5.7pp	-16.8%-8.0pp	-8.9%-11.3pp	2.4%	N/A
Current Ratio	2.08+0.2	1.90+0.1	1.79-2.9	4.73+2.9	1.82	N/A
Debt-to-Equity	0.41+0.1	0.33+0.1	0.25+0.0	0.22+4.8	-4.62	N/A
FCF Margin	22.2%+3.5pp	18.7%-1.1pp	19.8%+13.6pp	6.2%-15.0pp	21.2%+10.9pp	10.3%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.08+0.2	1.90+0.1	1.79-2.9	4.73+2.9	1.82
Debt-to-Equity	0.41+0.1	0.33+0.1	0.25+0.0	0.22+4.8	-4.62
FCF Margin	N/A	N/A	N/A	N/A	N/A

Similar Companies

Etsy Inc ETSY

$4.4B

Vipshop Holdings Limited VIPS

$8.7B

Instacart, Inc.(Maplebear Inc.) CART

$9.6B

Wayfair Inc W

$11.1B

Chewy Inc CHWY

$9.9B

Frequently Asked Questions

What is Global-E Online Ltd.'s annual revenue?

Global-E Online Ltd. (GLBE) reported $752.8M in total revenue for fiscal year 2024. This represents a 32.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Global-E Online Ltd.'s revenue growing?

Global-E Online Ltd. (GLBE) revenue grew by 32.1% year-over-year, from $569.9M to $752.8M in fiscal year 2024.

Is Global-E Online Ltd. profitable?

No, Global-E Online Ltd. (GLBE) reported a net income of -$75.5M in fiscal year 2024, with a net profit margin of -10.0%.

What is Global-E Online Ltd.'s earnings per share (EPS)?

Global-E Online Ltd. (GLBE) reported diluted earnings per share of $-0.45 for fiscal year 2024. This represents a 44.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Global-E Online Ltd.'s EBITDA?

Global-E Online Ltd. (GLBE) had EBITDA of -$65.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Global-E Online Ltd.'s gross margin?

Global-E Online Ltd. (GLBE) had a gross margin of 45.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Global-E Online Ltd.'s operating margin?

Global-E Online Ltd. (GLBE) had an operating margin of -9.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Global-E Online Ltd.'s net profit margin?

Global-E Online Ltd. (GLBE) had a net profit margin of -10.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Global-E Online Ltd.'s free cash flow?

Global-E Online Ltd. (GLBE) generated $167.1M in free cash flow during fiscal year 2024. This represents a 56.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Global-E Online Ltd.'s operating cash flow?

Global-E Online Ltd. (GLBE) generated $169.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Global-E Online Ltd.'s total assets?

Global-E Online Ltd. (GLBE) had $1.3B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Global-E Online Ltd.'s capital expenditures?

Global-E Online Ltd. (GLBE) invested $2.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Global-E Online Ltd. spend on research and development?

Global-E Online Ltd. (GLBE) invested $105.5M in research and development during fiscal year 2024.

How many shares does Global-E Online Ltd. have outstanding?

Global-E Online Ltd. (GLBE) had 169M shares outstanding as of fiscal year 2024.

What is Global-E Online Ltd.'s current ratio?

Global-E Online Ltd. (GLBE) had a current ratio of 2.08 as of fiscal year 2024, which is generally considered healthy.

What is Global-E Online Ltd.'s debt-to-equity ratio?

Global-E Online Ltd. (GLBE) had a debt-to-equity ratio of 0.41 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Global-E Online Ltd.'s return on assets (ROA)?

Global-E Online Ltd. (GLBE) had a return on assets of -6.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Global-E Online Ltd.'s Piotroski F-Score?

Global-E Online Ltd. (GLBE) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Global-E Online Ltd.'s earnings high quality?

Global-E Online Ltd. (GLBE) has an earnings quality ratio of -2.24x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Global-E Online Ltd.?

Global-E Online Ltd. (GLBE) scores 72 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.