Global-E's first quarter of 2025 showed strong financial performance with significant growth in GMV and revenues, bolstered by a strategic partnership with Shopify. However, there are potential challenges due to U.S. import tariffs and global trade uncertainties that could impact future performance. Despite these risks, the company's proactive measures and new offerings present opportunities for continued growth.

Company Guidance -

Q2 2025

During the Global-E First Quarter 2025 earnings call, the company reported a strong start to the year, with GMV reaching $1.24 billion, a 34% increase year-over-year, and revenues nearly hitting $190 million, marking a 30% rise from the previous year. The adjusted gross profit was $86.3 million, up 31%, and quarterly adjusted EBITDA was $31.6 million, a 48% increase, resulting in a 16.6% margin. Despite uncertainties from U.S. import tariff changes affecting U.S. inbound GMV, which comprises about 12% of total GMV, the company reiterated its full-year guidance for 2025, expecting GMV to range between $6.19 billion and $6.49 billion and revenue between $917 million and $967 million. Additionally, Global-E announced a new three-year strategic partnership with Shopify, allowing them to remain the exclusive provider of merchant of record services for Shopify's Managed Markets solution.

Strong Start to 2025

Global-E reported Q1 GMV of $1.24 billion, up 34% year-over-year, and revenues of nearly $190 million, up 30% year-over-year.

Profitability and Growth

Adjusted EBITDA for Q1 was $31.6 million, up 48% compared to the same quarter last year, with a margin of 16.6%. Global-E is expected to move to GAAP profitability starting in Q2.

Strategic Partnership with Shopify

Global-E signed a new three-year strategic partnership agreement with Shopify, which includes a preferred provider status for international merchant of record services and revised commercial terms.

New Offerings and Expansions

Launch of new 3B2C offering to help merchants offset costs due to tariffs, and continued expansion with several luxury and sports brands across various regions.

Global-e Online (GLBE) Earnings, Revenues Date & History

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GLBE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 13, 2025	2025 (Q2)	0.03 / -	-0.13	―	―	―
May 14, 2025	2025 (Q1)	-0.13 / -0.11	-0.19	42.11% (+0.08)	―
Feb 19, 2025	2024 (Q4)	>-0.01 / 0.01	-0.13	107.69% (+0.14)	―
Nov 20, 2024	2024 (Q3)	-0.14 / -0.13	-0.2	35.00% (+0.07)	―
Aug 14, 2024	2024 (Q2)	-0.15 / -0.13	-0.22	40.91% (+0.09)	―
May 20, 2024	2024 (Q1)	-0.21 / -0.19	-0.26	26.92% (+0.07)	―
Feb 21, 2024	2023 (Q4)	-0.13 / -0.13	-0.18	27.78% (+0.05)	―
Nov 15, 2023	2023 (Q3)	-0.24 / -0.20	-0.41	51.22% (+0.21)	―
Aug 08, 2023	2023 (Q2)	-0.25 / -0.22	-0.31	29.03% (+0.09)	―
May 22, 2023	2023 (Q1)	-0.28 / -0.26	-0.35	25.71% (+0.09)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GLBE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 14, 2025	$42.39	$34.28	-19.13%
Feb 19, 2025	$61.90	$50.90	-17.77%
Nov 20, 2024	$42.74	$47.86	+11.98%
Aug 14, 2024	$33.38	$31.53	-5.54%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.