Global-E clarifies GMV mix in 2025 annual report

Global-E Online Ltd. filed a Form 6-K to correct a scrivener’s error in its 2025 Form 20-F, clarifying the mix of Gross Merchandise Value (GMV) between existing and new merchants.

Accepted by SEC EDGAR 03/31/2026 - 09:02 AM EDT

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Form Type

6-K

Rhea-AI Filing Summary

Global-E Online Ltd. filed a Form 6-K to correct a scrivener’s error in its 2025 Form 20-F, clarifying the mix of Gross Merchandise Value (GMV) between existing and new merchants. The company states that its existing merchant base generated 87% of GMV in 2024 and 91% in 2025, rather than 87% and 87% as previously shown. For 2025, new merchants generated GMV of $623 million out of total GMV of $6,569 million, representing 9% from new merchants and 91% from existing merchants. The correction is also incorporated by reference into its Form S-8 registration statements.

Key Figures

Total GMV 2025: $6,569 million New merchant GMV 2025: $623 million New merchant GMV share 2025: 9% of GMV +2 more

5 metrics

Total GMV 2025 $6,569 million Aggregate Gross Merchandise Value for year ended December 31, 2025

New merchant GMV 2025 $623 million GMV generated by new merchants in 2025

New merchant GMV share 2025 9% of GMV Portion of 2025 GMV from new merchants

Existing merchant GMV share 2025 91% of GMV Portion of 2025 GMV from existing merchants

Existing merchant GMV share 2024 87% of GMV Portion of 2024 GMV from existing merchants

Key Terms

Gross Merchandise Value, scrivener’s error, Form 20-F, Form 6-K, +1 more

5 terms

Gross Merchandise Value financial

"our existing merchant base generated 87% and 91% of our Gross Merchandise Value"

Total dollar value of all goods and services sold through a marketplace or e-commerce platform during a set period, before deducting fees, returns or costs. Think of it as the total amount rung up at the register across an entire shopping mall: it shows the platform’s sales volume and user activity. Investors watch it to gauge growth and marketplace traction, but must pair it with metrics like revenue share and margins to assess profitability.

scrivener’s error regulatory

"contained a scrivener’s error in Item 5 under the section titled “Our Business Model”"

Form 20-F regulatory

"the Company’s annual report on Form 20-F for the year ended December 31, 2025"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

Form 6-K regulatory

"is furnishing this Form 6-K to clarify that the Company’s annual report"

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

Registration Statements on Form S-8 regulatory

"incorporated by reference into the Company’s Registration Statements on Form S-8"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Global-E Online (GLBE) clarify in its March 2026 Form 6-K?

Global-E Online clarified a scrivener’s error in its 2025 Form 20-F regarding Gross Merchandise Value mix. It confirmed existing merchants generated 87% of GMV in 2024 and 91% in 2025, correcting a previously duplicated 87% figure for 2025.

How much GMV did new merchants generate for Global-E Online (GLBE) in 2025?

New merchants generated $623 million of Gross Merchandise Value for Global-E Online in 2025. This came from total GMV of $6,569 million, meaning new merchants represented 9% of GMV while existing merchants accounted for the remaining 91% that year.

What were Global-E Online’s GMV percentages from existing merchants in 2024 and 2025?

Global-E Online reports that existing merchants produced 87% of GMV in 2024 and 91% in 2025. The company used a Form 6-K to correct its 2025 Form 20-F, which had mistakenly shown 87% for both years due to a scrivener’s error.

Which Global-E Online filings incorporate this Form 6-K by reference?

This Form 6-K is incorporated by reference into Global-E Online’s Registration Statements on Form S-8, File No. 333-256403 and File No. 333-264156. That means the corrected GMV disclosure is now formally part of those employee equity plan registration documents.

How does Global-E Online describe the nature of the GMV disclosure change?

Global-E Online characterizes the change as a scrivener’s error in the 2025 Form 20-F. The company is not changing methodology, only correcting the reported GMV percentages so they align with existing disclosure about 2025 operating results and merchant contributions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

(Commission File No. 001-40408)

Global-E Online Ltd.

(Translation of registrant’s name into English)

Global-E Online Ltd

9 HaPsagot St.,

Petah Tikva 4951041, Israel

(Address of registrant’s principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

EXPLANATORY NOTE

Global-E Online Ltd. (the “Company," "we” or “us”) is furnishing this Form 6-K to clarify that the Company’s annual report on Form 20-F for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”) on March 26, 2026 (the “Form 20-F”), contained a scrivener’s error in Item 5 under the section titled “Our Business Model” and that our existing merchant base generated 87% and 91% of our Gross Merchandise Value (“GMV”) for the years ended December 31, 2024 and 2025, respectively (and not 87% and 87% as reflected in the Form 20-F). As further disclosed in the Form 20-F in Item 5A under the section titled “Operating Results,” for the year ended December 31, 2025, new merchants generated GMV of $623 million out of an aggregate GMV of $6,569 million, representing 9% of GMV from new merchants and 91% of GMV from existing merchants.

This Report of Foreign Private Issuer on Form 6-K is hereby incorporated by reference into the Company’s Registration Statements on Form S-8 (File No. 333-256403 and File No. 333-264156).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

	Global-E Online Ltd.
	(Registrant)

	By:	/s/ Ofer Koren
	Name:	Ofer Koren
	Title:	Chief Financial Officer

Date: March 31, 2026

Source: View Original Filing on SEC EDGAR