UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2026
Commission File Number 001-36535
GLOBANT S.A.
(Translation of registrant’s name into English)
37A, Avenue J.F.
Kennedy
L-1855, Luxembourg
Tel: + 352 20 30 15 96
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F
or Form 40-F:
x
Form 20-F ¨
Form 40-F
GLOBANT S.A.
FORM 6-K
Globant S.A. (the “Company”) is furnishing
under the cover of Form 6-K the following:
Earnings Release
| Exhibit 99.1 | Press release, dated August 13, 2026, entitled “Globant
Reports 2026 Second Quarter Financial Results.” |
Appointment of Sarabdeep Narang as Chief Executive
Officer of Glob. AI
On August 18, 2026, Sarabdeep Narang will join
the Company as Chief Executive Officer of Glob. AI.
Prior to joining the
Company, Mr. Narang served as Vice President, Central Product Management, at ServiceNow from May 2024 to July 2026. Prior to that, Mr.
Narang served in various roles of increasing responsibility at Amazon Web Services, including as General Manager and Global Head, Generative
AI and Machine Learning GTM from August 2021 to May 2024; Head of Artificial Intelligence and Machine Learning, AWS Global & Strategic
Accounts from November 2020 to August 2021; and Principal, Artificial Intelligence & Machine Learning from April 2019 to October 2020.
Before that, Mr. Narang served as an Advisory Director at KPMG LLP from April 2007 to March 2019. Mr. Narang earned a Bachelor of Computer
Science and Engineering degree from Punjab Technical University and a Master of Science in Business Administration with focus in IT Audit
from California State Polytechnic University, Pomona, California. Since January 2025, Mr. Narang has been serving as AI advisor to Warburg
Pincus, LLC and, since July 2026 to Welsh, Carson, Anderson & Stowe. In addition, Mr. Narang is member of the board of directors of
NetDocuments.
Forward Looking Statements
This report on Form 6-K contains “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking
statements by terminology such as “believe,” “may,” “will,” “estimate,” “continue,”
“anticipate,” “intend,” “should,” “plan,” “expect,” “predict,”
“potential,” or the negative of these terms or other similar expressions. These statements include, but are not limited to,
statements related to the appointment of Sarabdeep Narang as Chief Executive Officer of Glob. AI, and reflect the Company’s current
beliefs and expectations. The Company’s expectations and beliefs regarding these matters may not materialize. Factors that could
impact the Company’s expectations and beliefs regarding these matters not to materialize include: the Company’s ability to
maintain current resource utilization rates and productivity levels; the Company’s ability to manage attrition and attract and retain
highly-skilled IT professionals; the Company ability to successfully defend itself and the other defendants in any lawsuit, including
the previously disclosed putative securities class action; the Company’s ability to accurately price its client contracts; the Company’s
ability to achieve its anticipated growth; the Company’s ability to effectively manage its rapid growth; the Company’s ability
to retain its senior management team and other key employees; the Company’s ability to continue to innovate and remain at the forefront
of emerging technologies and related market trends; the Company’s ability to retain its business relationships and client contracts;
the Company’s ability to manage the impact of global adverse economic conditions; the Company’s ability to manage uncertainty
concerning the instability in the current economic, political and social environment in Latin America; and other factors discussed under
the heading “Risk Factors” in the Company’s most recent annual report on Form 20-F filed with the U.S. Securities and
Exchange Commission and any other risk factors the Company includes in subsequent reports on Form 6-K.
Additionally, while the Company has concluded,
for the three- and six-month periods ended June 30, 2026 presented in the condensed interim consolidated statements of comprehensive income
included in the press release attached as Exhibit 99.1 to this report on Form 6-K, that the Company’s goodwill and intangible assets
are not impaired, changes in economic or operating conditions impacting the Company’s estimates and assumptions could, as noted
in the Company’s most recent Form 20-F, result in the impairment of the Company’s goodwill and intangible assets in future
periods.
Because of these uncertainties, you should not
make any investment decisions based on the Company’s forward-looking statements. Except as required by law, the Company undertakes
no obligation to publicly update any forward-looking statements for any reason after the date of this press release whether as a result
of new information, future events or otherwise.
Incorporation by Reference
The information in this Form 6-K and the unaudited
condensed interim consolidated statements of comprehensive income, unaudited condensed interim consolidated statements of financial position,
unaudited selected cash flow data, unaudited supplemental non-IFRS financial information and unaudited schedule of supplemental information
contained in the press release attached as Exhibit 99.1 to this report on Form 6-K are hereby incorporated by reference into the Company’s
registration statements on Form F-3 (File No. 333-286306) and on Form S-8 (File Nos. 333-201602, 333-211835, 333-232022, 333-255113,
333-266204, 333-281049 and 333-295282), to be a part thereof from the date on which this report is submitted, to the extent not superseded
by documents or reports subsequently filed or furnished.
Signatures
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
| |
GLOBANT S.A. |
| |
|
| |
By: |
/s/ JUAN URTHIAGUE |
| |
|
Name: Juan Urthiague |
| |
|
Title: Chief Financial Officer |
| |
|
| Date: August 13, 2026 |
| |
|
Exhibit 99.1
August 13, 2026
Globant Reports 2026 Second Quarter Financial
Results
LUXEMBOURG / August 13, 2026 - Globant (NYSE:
GLOB) today announced results for the three and six months ended June 30, 2026.
“Glob.AI ARR reached $52.8 million in the
second quarter, up 61% quarter-over-quarter, and we now expect no less than $110 million exiting 2026. Alongside that, Globant’s
revenue for Q2 reached $614.4 million and free cash flow reached $12.6 million in the quarter, compared to negative $2.9 million a year
ago, capping our strongest first half of cash generation on record. Last week we opened Glob.AI to the entire market, a single platform
where any enterprise can deploy AI Pods and pay on the output or consumption they receive rather than on the hours behind it. Supported
by partnerships with Anthropic, Vercel and OpenAI, among others, we are changing how our services are delivered and how they are priced,”
explained Martín Migoya, Globant’s CEO and co-founder.
“In the second quarter of 2026, Globant
demonstrated resilient execution, generating $614.4 million in revenue—within our guided range—and delivering record free
cash flow generation for the first half of the year. Expansion across our top accounts remained strong, reflecting a 6.9% year-over-year
increase in our top 50 clients alongside accelerating market adoption of our higher-margin AI Pods and Glob.AI platform. To navigate broader
market volatility and to align with our business model transformation needs, we proactively optimized our structure during the quarter,
all while we continued executing on our share repurchase program,” explained Juan Urthiague, Globant’s CFO.
Please see highlights below. Note that reconciliations
between IFRS and Non-IFRS financial measures are disclosed at the end of this press release.
Second Quarter 2026 Financial Highlights
| · | Revenues were $614.4 million, remaining generally unchanged from the prior year quarter. |
| · | IFRS Gross Profit Margin was 33.9% compared to 35.4% in the second quarter of 2025. |
| · | Non-IFRS Adjusted Gross Profit Margin was 36.5% compared to 38.1% in the second quarter of 2025. |
| · | IFRS Profit from Operations Margin was 3.2% compared to 1.0% in the second quarter of 2025. |
| · | Non-IFRS Adjusted Profit from Operations Margin was 13.2% compared to 15.0% in the second quarter of 2025. |
| · | IFRS Diluted EPS was $0.04 compared to $(0.05) in the second quarter of 2025. |
| · | Non-IFRS Adjusted Diluted EPS was $1.40 compared to $1.53 in the second quarter of 2025. |
Other Financial Highlights as of and for the quarter ended June 30,
2026
| · | Cash and cash equivalents and Short-term investments were $168.8 million as of June 30, 2026. |
| · | The Company invested $25.0 million during the second quarter, completing its original share repurchase
program. As of June 30, 2026, the Company had $125.0 million available for repurchase under its new share repurchase authorization. |
| · | Globant completed the second quarter of 2026 with 27,411 Globers, 25,632 of whom were technology, design
and innovation professionals. |
| · | The geographic revenue breakdown for the second quarter of 2026 was as follows: 52.8% from North America
(top country: US), 20.8% from Latin America (top country: Argentina), 20.9% from Europe (top country: Spain) and 5.5% from New Markets1
(top country: Saudi Arabia). |
| · | Globant’s top customer, top five customers and top ten customers for the second quarter of 2026
represented 8.9%, 21.6% and 30.6% of revenues, respectively. |
| · | During the twelve months ended June 30, 2026, Globant served a total of 904 customers (with revenues
over $100,000 in the last twelve months), with 331 accounts generating more than $1 million of annual revenues, compared to 339 for the
same period one year ago. |
| · | In terms of currencies, 63.0% of Globant’s revenues for the second quarter of 2026 were denominated
in US dollars. |
2026
Third Quarter and Full Year Outlook
Based on
current market conditions, Globant is providing the following estimates for the third quarter and the full year of 2026:
| · | Third quarter 2026 Revenues are estimated to be in the range of $607 million to $615 million, representing
a 1.6% to 0.3% year-over-year decline. This outlook includes a positive FX impact of 25 basis points. |
| · | Third quarter 2026 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of
13.5% to 14.5%. |
| · | Third quarter 2026 Non-IFRS Adjusted Diluted EPS is estimated to be in the range of $1.43 to $1.53 (assuming
an average of 43.2 million diluted shares outstanding during the third quarter). |
| · | Fiscal year 2026 Revenues are estimated to be in the range of $2,428 million to $2,462 million, implying
a 1.1% year-over-year decline to 0.3% year-over-year revenue growth. This expected growth includes a positive FX impact of 70 basis points. |
| · | Fiscal year 2026 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of 13.5%
to 14.5%. |
| · | Fiscal year 2026 Non-IFRS Adjusted Diluted EPS is estimated to be in the range of $5.75 to $6.15 (assuming
an average of 43.6 million diluted shares outstanding during 2026). |
1 Represents Asia, Oceania and the Middle East.
Shareholder Letter, Conference Call and Webcast
A shareholder letter will be available in the Investor Relations section
of Globant’s website.
Martin Migoya, Chief Executive Officer and co-founder,
Diego Tártara, Chief Technology Officer, Juan Urthiague, Chief Financial Officer, and Fernando Matzkin, Chief Revenue Officer,
will discuss the results in a video conference call and a live Q&A session beginning today at 4:30 pm ET.
Video conference call access information is:
https://more.globant.com/F2Q26EarningsCall
Webcast http://investors.globant.com/
About Globant (NYSE:GLOB)
At Globant, we help organizations thrive in a
digital and AI-powered future. Our industry-focused solutions combine technology and creativity to accelerate enterprise transformation
and design experiences customers demand. Through digital reinvention, our subscription-based AI Pods, and Globant Enterprise AI platform,
we turn challenges into measurable business results and promised savings into real impact.
We have more than 27,400 employees and we are
present in more than 30 countries across 5 continents working for companies like Google, Electronic Arts and Santander, among others.
We were named a Worldwide Leader in CX Improvement
by IDC MarketScape report. We were also featured as a business case study at Harvard, MIT and Stanford. We are a member of the Cybersecurity
Tech Accord.
For more information, please visit www.globant.com
Non-IFRS Financial Measures
While the financial figures included in this press
release have been computed in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board (“IASB”),
this announcement does not contain sufficient information to constitute an interim financial report as defined in International Accounting
Standards 34, “Interim Financial Reporting” or a financial statement as defined by International Accounting Standards 1 “Presentation
of Financial Statements”. The financial information in this press release has not been audited.
Globant provides non-IFRS financial measures in
addition to reported IFRS results prepared in accordance with IFRS Accounting Standards. Management believes these measures help illustrate
underlying trends in the company’s business and uses the non-IFRS financial measures to establish budgets and operational goals,
communicated internally and externally, for managing the company’s business and evaluating its performance. The company anticipates
that it will continue to report both IFRS and certain non-IFRS financial measures in its financial results, including non-IFRS measures
that exclude share-based compensation expense, depreciation and amortization, acquisition-related charges, business optimization costs,
and the related effect on income taxes of the pre-tax adjustments. Because the company’s non-IFRS financial measures are not calculated
according to IFRS, these measures are not comparable to IFRS and may not necessarily be comparable to similarly described non-IFRS measures
reported by other companies within the company’s industry. Consequently, Globant’s non-IFRS financial measures should not
be evaluated in isolation or supplant comparable IFRS measures, but, rather, should be considered together with its condensed interim
consolidated statements of financial position as of June 30, 2026 and December 31, 2025 and its condensed interim consolidated
statements of comprehensive income for the three and six months ended June 30, 2026 and 2025, prepared in accordance with International
Accounting Standard (“IAS”) 34, “Interim Financial Reporting”.
Globant is not providing a quantitative reconciliation
of forward-looking Non-IFRS Adjusted Profit from Operations Margin or Non-IFRS Adjusted Diluted EPS to the most directly comparable IFRS
measure because it is unable to predict with reasonable certainty the ultimate outcome of certain significant items without unreasonable
effort. These items include, but are not limited to, share-based compensation expense, acquisition-related charges, business optimization
costs, and the tax effect of non-IFRS adjustments. These items are uncertain, depend on various factors, and could have a material impact
on IFRS reported results for the guidance period.
Forward Looking Statements
In addition to historical information, this release
contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In some
cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,”
“estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,”
“expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These
statements include, but are not limited to, statements regarding our future financial and operating performance, including our outlook
and guidance, and our strategies, priorities and business plans. Our expectations and beliefs regarding these matters may not materialize,
and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from
those projected. Factors that could impact our actual results include: our ability to maintain current resource utilization rates and
productivity levels; our ability to manage attrition and attract and retain highly-skilled IT professionals; our ability to accurately
price our client contracts; our ability to achieve our anticipated growth; our ability to effectively manage our rapid growth; our ability
to retain our senior management team and other key employees; our ability to continue to innovate and remain at the forefront of emerging
technologies and related market trends; our ability to retain our business relationships and client contracts; our ability to manage the
impact of global adverse economic conditions; our ability to manage uncertainty concerning the instability in the current economic, political
and social environment in Latin America; and other factors discussed under the heading “Risk Factors” in our most recent Form 20-F
filed with the U.S. Securities and Exchange Commission and any other risk factors we include in subsequent reports on Form 6-K.
Additionally, while we have concluded, for the
three- and six-month periods ended June 30, 2026 presented in the condensed interim consolidated statements of comprehensive income
included in this press release, that our goodwill and intangible assets are not impaired, changes in economic or operating conditions
impacting our estimates and assumptions could, as noted in our most recent Form 20-F, result in the impairment of our goodwill and
intangible assets in future periods.
Because of these uncertainties, you should not
make any investment decisions based on our estimates and forward-looking statements. Except as required by law, we undertake no obligation
to publicly update any forward-looking statements for any reason after the date of this press release whether as a result of new information,
future events or otherwise.
Globant S.A.
Condensed Interim Consolidated Statements
of Comprehensive Income
(In thousands of U.S. dollars, except per share
amounts, unaudited)
| | |
Six months ended | | |
Three Months Ended | |
| | |
June 30, 2026 | | |
June 30, 2025 | | |
June 30, 2026 | | |
June 30, 2025 | |
| Revenues | |
| 1,221,502 | | |
| 1,225,265 | | |
| 614,417 | | |
| 614,180 | |
| Cost of revenues | |
| (803,785 | ) | |
| (794,394 | ) | |
| (406,181 | ) | |
| (396,539 | ) |
| Gross profit | |
| 417,717 | | |
| 430,871 | | |
| 208,236 | | |
| 217,641 | |
| | |
| | | |
| | | |
| | | |
| | |
| Selling, general and administrative expenses | |
| (312,749 | ) | |
| (321,238 | ) | |
| (154,343 | ) | |
| (159,543 | ) |
| Net impairment losses on financial assets | |
| (2,486 | ) | |
| (6,339 | ) | |
| (1,692 | ) | |
| (4,660 | ) |
| Business Optimization Costs | |
| (32,346 | ) | |
| (47,580 | ) | |
| (32,346 | ) | |
| (47,580 | ) |
| Other operating income and expenses, net | |
| 1,391 | | |
| — | | |
| — | | |
| — | |
| Profit from operations | |
| 71,527 | | |
| 55,714 | | |
| 19,855 | | |
| 5,858 | |
| | |
| | | |
| | | |
| | | |
| | |
| Finance income | |
| 3,161 | | |
| 1,923 | | |
| 1,339 | | |
| 978 | |
| Finance expense | |
| (18,640 | ) | |
| (20,599 | ) | |
| (9,208 | ) | |
| (10,972 | ) |
| Other financial results, net | |
| 1,461 | | |
| 861 | | |
| (299 | ) | |
| (239 | ) |
| Financial results, net | |
| (14,018 | ) | |
| (17,815 | ) | |
| (8,168 | ) | |
| (10,233 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Share of results of investment in associates | |
| (51 | ) | |
| 6 | | |
| 14 | | |
| 23 | |
| Other income and expenses, net | |
| (2,436 | ) | |
| (3,385 | ) | |
| (7,353 | ) | |
| (114 | ) |
| Profit before income tax | |
| 55,022 | | |
| 34,520 | | |
| 4,348 | | |
| (4,466 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Income tax | |
| (12,645 | ) | |
| (7,749 | ) | |
| (741 | ) | |
| 742 | |
| Net income for the period | |
| 42,377 | | |
| 26,771 | | |
| 3,607 | | |
| (3,724 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Other comprehensive income (loss) net of income tax effects | |
| | | |
| | | |
| | | |
| | |
| Items that may be reclassified subsequently to profit and loss: | |
| | | |
| | | |
| | | |
| | |
| - Exchange differences on translating foreign operations | |
| (14,539 | ) | |
| 80,377 | | |
| (8,896 | ) | |
| 51,288 | |
| - Remeasurement on defined benefit plan | |
| 553 | | |
| — | | |
| 357 | | |
| — | |
| - Net change in fair value on financial assets measured at FVOCI | |
| (182 | ) | |
| (5,798 | ) | |
| (182 | ) | |
| (5,798 | ) |
| - Gains and losses on cash flow hedges | |
| 2,888 | | |
| 13,158 | | |
| 6,504 | | |
| 3,000 | |
| Total comprehensive income for the period | |
| 31,097 | | |
| 114,508 | | |
| 1,390 | | |
| 44,766 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net income attributable to: | |
| | | |
| | | |
| | | |
| | |
| Owners of the Company | |
| 38,746 | | |
| 28,252 | | |
| 1,767 | | |
| (2,383 | ) |
| Non-controlling interest | |
| 3,631 | | |
| (1,481 | ) | |
| 1,840 | | |
| (1,341 | ) |
| Net income for the period | |
| 42,377 | | |
| 26,771 | | |
| 3,607 | | |
| (3,724 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Total comprehensive income for the period attributable to: | |
| | | |
| | | |
| | | |
| | |
| Owners of the Company | |
| 29,346 | | |
| 109,574 | | |
| 299 | | |
| 41,850 | |
| Non-controlling interest | |
| 1,751 | | |
| 4,934 | | |
| 1,091 | | |
| 2,916 | |
| Total comprehensive income for the period | |
| 31,097 | | |
| 114,508 | | |
| 1,390 | | |
| 44,766 | |
| | |
| | | |
| | | |
| | | |
| | |
| Earnings per share | |
| | | |
| | | |
| | | |
| | |
| Basic | |
| 0.90 | | |
| 0.64 | | |
| 0.04 | | |
| -0.05 | |
| Diluted | |
| 0.89 | | |
| 0.62 | | |
| 0.04 | | |
| -0.05 | |
| Weighted average of outstanding shares (in thousands) | |
| | | |
| | | |
| | | |
| | |
| Basic | |
| 43,035 | | |
| 44,177 | | |
| 42,858 | | |
| 44,298 | |
| Diluted | |
| 43,405 | | |
| 45,424 | | |
| 43,228 | | |
| 44,298 | |
Globant S.A.
Condensed Interim Consolidated Statements
of Financial Position as of June 30, 2026 and December 31, 2025
(In thousands of U.S. dollars, unaudited)
| | |
June 30, 2026 | | |
December 31, 2025 | |
| ASSETS | |
| | | |
| | |
| Current assets | |
| | | |
| | |
| Cash and cash equivalents | |
| 163,766 | | |
| 243,742 | |
| Investments | |
| 5,049 | | |
| 6,594 | |
| Trade receivables | |
| 622,794 | | |
| 577,673 | |
| Other assets | |
| 32,816 | | |
| 35,117 | |
| Other receivables | |
| 78,564 | | |
| 84,405 | |
| Other financial assets | |
| 8,893 | | |
| 6,226 | |
| Total current assets | |
| 911,882 | | |
| 953,757 | |
| | |
| | | |
| | |
| Non-current assets | |
| | | |
| | |
| Investments | |
| 2,578 | | |
| 2,489 | |
| Other assets | |
| 3,164 | | |
| 4,424 | |
| Other receivables | |
| 61,148 | | |
| 49,496 | |
| Deferred tax assets | |
| 99,049 | | |
| 91,065 | |
| Investment in associates | |
| 1,053 | | |
| 1,727 | |
| Other financial assets | |
| 30,990 | | |
| 29,930 | |
| Property and equipment | |
| 127,602 | | |
| 137,331 | |
| Intangible assets | |
| 312,126 | | |
| 345,951 | |
| Right-of-use assets | |
| 87,208 | | |
| 100,542 | |
| Goodwill | |
| 1,595,460 | | |
| 1,601,523 | |
| Total non-current assets | |
| 2,320,378 | | |
| 2,364,478 | |
| TOTAL ASSETS | |
| 3,232,260 | | |
| 3,318,235 | |
| | |
| | | |
| | |
| LIABILITIES | |
| | | |
| | |
| Current liabilities | |
| | | |
| | |
| Trade payables | |
| 118,374 | | |
| 112,590 | |
| Payroll and social security taxes payable | |
| 196,530 | | |
| 203,395 | |
| Borrowings | |
| 19,364 | | |
| 19,666 | |
| Other financial liabilities | |
| 97,811 | | |
| 169,605 | |
| Lease liabilities | |
| 25,739 | | |
| 28,511 | |
| Tax liabilities | |
| 20,969 | | |
| 33,205 | |
| Income tax payable | |
| 14,121 | | |
| 10,730 | |
| Other liabilities | |
| 1,568 | | |
| 2,591 | |
| Total current liabilities | |
| 494,476 | | |
| 580,293 | |
| | |
| | | |
| | |
| Non-current liabilities | |
| | | |
| | |
| Trade payables | |
| 1,312 | | |
| 3,684 | |
| Borrowings | |
| 402,591 | | |
| 347,040 | |
| Other financial liabilities | |
| 50,179 | | |
| 90,499 | |
| Lease liabilities | |
| 70,160 | | |
| 78,428 | |
| Deferred tax liabilities | |
| 26,469 | | |
| 30,906 | |
| Income tax payable | |
| 2,077 | | |
| 1,428 | |
| Payroll and social security taxes payable | |
| 2,144 | | |
| 2,358 | |
| Contingent liabilities | |
| 8,929 | | |
| 21,963 | |
| Total non-current liabilities | |
| 563,861 | | |
| 576,306 | |
| TOTAL LIABILITIES | |
| 1,058,337 | | |
| 1,156,599 | |
| | |
| | | |
| | |
| Capital and reserves | |
| | | |
| | |
| Issued capital | |
| 52,112 | | |
| 52,604 | |
| Additional paid-in capital | |
| 1,159,072 | | |
| 1,167,979 | |
| Other reserves | |
| (102,121 | ) | |
| (92,721 | ) |
| Retained earnings | |
| 1,004,485 | | |
| 965,739 | |
| Total equity attributable to owners of the Company | |
| 2,113,548 | | |
| 2,093,601 | |
| Non-controlling interests | |
| 60,375 | | |
| 68,035 | |
| Total equity | |
| 2,173,923 | | |
| 2,161,636 | |
| TOTAL EQUITY AND LIABILITIES | |
| 3,232,260 | | |
| 3,318,235 | |
Globant S.A.
Selected Cash Flow Data
(In thousands of U.S. dollars, unaudited)
| | |
Three Months Ended | |
| | |
June 30, 2026 | | |
June 30, 2025 | |
| Net Income for the period | |
| 3,607 | | |
| (3,724 | ) |
| Non-cash adjustments, taxes and others | |
| 60,976 | | |
| 57,883 | |
| Changes in working capital | |
| (34,366 | ) | |
| (32,281 | ) |
| Cash flows from operating activities | |
| 30,217 | | |
| 21,878 | |
| Capital expenditures | |
| (17,584 | ) | |
| (24,735 | ) |
| Cash flows from investing activities | |
| (22,134 | ) | |
| (68,763 | ) |
| Cash flows from financing activities | |
| (39,213 | ) | |
| 103,757 | |
| Net increase/decrease in cash & cash equivalents | |
| (31,130 | ) | |
| 56,872 | |
Globant S.A.
Supplemental Non-IFRS Financial Information
(In thousands of U.S. dollars, unaudited)
| | |
Six Months Ended | | |
Three Months Ended | |
| | |
June 30, 2026 | | |
June 30, 2025 | | |
June 30, 2026 | | |
June 30, 2025 | |
| Reconciliation of adjusted gross profit | |
| | | |
| | | |
| | | |
| | |
| Gross profit | |
| 417,717 | | |
| 430,871 | | |
| 208,236 | | |
| 217,641 | |
| Depreciation and amortization expense | |
| 23,734 | | |
| 22,241 | | |
| 12,145 | | |
| 11,085 | |
| Share-based compensation expense - Equity settled | |
| 7,147 | | |
| 13,203 | | |
| 3,841 | | |
| 5,513 | |
| Adjusted gross profit | |
| 448,598 | | |
| 466,315 | | |
| 224,222 | | |
| 234,239 | |
| Adjusted gross profit margin | |
| 36.7 | % | |
| 38.1 | % | |
| 36.5 | % | |
| 38.1 | % |
| | |
| | | |
| | | |
| | | |
| | |
| Reconciliation of selling, general and administrative expenses | |
| | | |
| | | |
| | | |
| | |
| Selling, general and administrative expenses | |
| (312,749 | ) | |
| (321,238 | ) | |
| (154,343 | ) | |
| (159,543 | ) |
| Depreciation and amortization expense | |
| 52,573 | | |
| 59,594 | | |
| 26,029 | | |
| 29,939 | |
| Share-based compensation expense - Equity settled | |
| 29,729 | | |
| 27,660 | | |
| 14,835 | | |
| 14,275 | |
| Acquisition-related charges (a) | |
| 3,495 | | |
| 12,206 | | |
| (922 | ) | |
| 5,639 | |
| Adjusted selling, general and administrative expenses | |
| (226,952 | ) | |
| (221,778 | ) | |
| (114,401 | ) | |
| (109,690 | ) |
| Adjusted selling, general and administrative expenses as % of revenues | |
| (18.6 | )% | |
| (18.1 | )% | |
| (18.6 | )% | |
| (17.9 | )% |
| | |
| | | |
| | | |
| | | |
| | |
| Reconciliation of adjusted profit from operations | |
| | | |
| | | |
| | | |
| | |
| Profit from operations | |
| 71,527 | | |
| 55,714 | | |
| 19,855 | | |
| 5,858 | |
| Share-based compensation expense - Equity settled | |
| 36,876 | | |
| 40,863 | | |
| 18,676 | | |
| 19,788 | |
| Business optimization costs (b) | |
| 32,346 | | |
| 47,580 | | |
| 32,346 | | |
| 47,580 | |
| Acquisition-related charges (a) | |
| 25,534 | | |
| 38,477 | | |
| 9,982 | | |
| 18,872 | |
| Adjusted profit from operations | |
| 166,283 | | |
| 182,634 | | |
| 80,859 | | |
| 92,098 | |
| Adjusted profit from operations margin | |
| 13.6 | % | |
| 14.9 | % | |
| 13.2 | % | |
| 15.0 | % |
| | |
| | | |
| | | |
| | | |
| | |
| Reconciliation of net income for the period | |
| | | |
| | | |
| | | |
| | |
| Net income for the period | |
| 38,746 | | |
| 28,252 | | |
| 1,767 | | |
| (2,383 | ) |
| Share-based compensation expense - Equity settled | |
| 37,234 | | |
| 40,378 | | |
| 19,047 | | |
| 19,359 | |
| Business optimization costs (b) | |
| 32,294 | | |
| 46,453 | | |
| 32,294 | | |
| 46,453 | |
| Acquisition-related charges (a) | |
| 42,249 | | |
| 54,266 | | |
| 23,906 | | |
| 26,309 | |
| Tax effect of non-IFRS adjustments | |
| (25,012 | ) | |
| (31,811 | ) | |
| (16,665 | ) | |
| (20,035 | ) |
| Adjusted net income | |
| 125,511 | | |
| 137,538 | | |
| 60,349 | | |
| 69,703 | |
| Adjusted net income margin | |
| 10.3 | % | |
| 11.2 | % | |
| 9.8 | % | |
| 11.3 | % |
| | |
| | | |
| | | |
| | | |
| | |
| Calculation of adjusted diluted EPS | |
| | | |
| | | |
| | | |
| | |
| Adjusted net income | |
| 125,511 | | |
| 137,538 | | |
| 60,349 | | |
| 69,703 | |
| Diluted shares | |
| 43,405 | | |
| 45,424 | | |
| 43,228 | | |
| 45,545 | |
| Adjusted diluted EPS | |
| 2.89 | | |
| 3.03 | | |
| 1.40 | | |
| 1.53 | |
| (a) | Acquisition-related charges include, when applicable, amortization of purchased intangible assets, interest
charges on acquisition-related indebtedness, external deal costs, acquisition-related retention bonuses, integration costs, changes in
the fair value of contingent consideration liabilities, and other acquisition-related costs. We cannot provide acquisition-related charges
on a forward-looking basis without unreasonable effort as such charges may fluctuate based on the timing, size, and complexity of future
acquisitions as well as other uncertainty inherent in mergers and acquisitions. |
| (b) | One-time charges for the three and six months ended June 30, 2026 and 2025, related to the Company’s
Business Optimization Programs initiated in April 2026 and April 2025, respectively. These charges, primarily related to workforce
resizing and office reductions, have been excluded from non-IFRS results as these are one-time and unusual in nature. |
Globant S.A.
Schedule of Supplemental Information (unaudited)
| Metrics | |
Q2 2025 | | |
Q3 2025 | | |
Q4 2025 | | |
Q1 2026 | | |
Q2 2026 | |
| Total Employees | |
| 30,084 | | |
| 29,020 | | |
| 28,773 | | |
| 28,510 | | |
| 27,411 | |
| IT Professionals | |
| 28,097 | | |
| 27,123 | | |
| 26,906 | | |
| 26,702 | | |
| 25,632 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| North America Revenues % | |
| 54.1 | | |
| 53.8 | | |
| 53.8 | | |
| 53.5 | | |
| 52.8 | |
| Latin America Revenues % | |
| 19.7 | | |
| 19.9 | | |
| 21.1 | | |
| 20.5 | | |
| 20.8 | |
| Europe Revenues % | |
| 19.6 | | |
| 19.4 | | |
| 19.3 | | |
| 19.7 | | |
| 20.9 | |
| New Markets Revenues % | |
| 6.6 | | |
| 6.9 | | |
| 5.8 | | |
| 6.3 | | |
| 5.5 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| USD Revenues % | |
| 64.1 | | |
| 63.2 | | |
| 64.0 | | |
| 64.5 | | |
| 63.0 | |
| Other Currencies Revenues % | |
| 35.9 | | |
| 36.8 | | |
| 36.0 | | |
| 35.5 | | |
| 37.0 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Top Customer % | |
| 8.6 | | |
| 8.7 | | |
| 8.5 | | |
| 8.9 | | |
| 8.9 | |
| Top 5 Customers % | |
| 20.3 | | |
| 20.7 | | |
| 20.5 | | |
| 21.1 | | |
| 21.6 | |
| Top 10 Customers % | |
| 29.3 | | |
| 29.5 | | |
| 29.4 | | |
| 30.5 | | |
| 30.6 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Customers Served (Last Twelve Months)* | |
| 981 | | |
| 978 | | |
| 944 | | |
| 943 | | |
| 904 | |
| Customers with >$1M in Revenues (Last Twelve Months) | |
| 339 | | |
| 339 | | |
| 336 | | |
| 333 | | |
| 331 | |
(*) Represents customers with more than $100,000
in revenues in the last twelve months.
Investor Relations Contact:
Arturo Langa, Globant
investors@globant.com
+1 (877) 215-5230
Media Contact:
Gregorio Lascano, Globant
pr@globant.com
+1 (877) 215-5230
Source: Globant
