The earnings call highlighted strong financial growth, profitability milestones, and strategic expansions. However, challenges such as the impact of the Ted Baker bankruptcy and tariff-related pressures were also noted. Despite these challenges, the company's strong cash flow, profitability, and strategic expansions contribute to an overall positive outlook.

Company Guidance

During the Global-E earnings call, the company reported record-breaking financial results for the fiscal year 2024, driven by a strong fourth quarter. The guidance provided for 2025 anticipates continued growth with GMV expected to range between $6.19 billion and $6.49 billion, representing over 31% growth at the midpoint. Revenues are projected to be between $917 million and $967 million, marking a 25% increase at the midpoint, although a lower take rate is anticipated due to the adoption of multi-local strategies by merchants in response to rising tariffs. The company also expects to achieve GAAP profitability for the first time in 2025, with Adjusted EBITDA anticipated to grow by over 34% to a range between $179 million and $199 million, achieving the long-term target of a 20% Adjusted EBITDA margin. This growth is attributed to new merchant acquisitions, robust consumer demand, and the strategic expansion into new verticals and markets.

Record-Breaking Year for Global-E

Global-E reported a record $1.71 billion in GMV for Q4 2024, up 44% year-on-year, with record revenues of $263 million, up 42% year-on-year. The full year GMV was close to $4.86 billion and revenues were almost $753 million, more than six times the GMV and five and a half times the revenue from 2020.

Achievement of Profitability Milestones

For the first time, Global-E achieved a quarterly Adjusted EBITDA margin above 20% at 21.7% and reached GAAP profitability in Q4 2024. 2025 is expected to be GAAP profitable for the full year, with an anticipated Adjusted EBITDA margin of 20%.

Strong Cash Flow and Financial Position

Global-E generated nearly $130 million in operational cash flows in Q4 2024 and reported a cash and cash equivalents balance of nearly $474 million by the year's end.

Expansion of Global Footprint and Market Offerings

The company expanded its market presence from 9 outbound markets in 2020 to 39 in 2024, and added new verticals including consumer electronics with notable clients like Logitech.

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

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GLBE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 26, 2025	2025 (Q1)	-0.13 / -	-0.19	―	―	―
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)	―
Feb 22, 2023	2022 (Q4)	-0.29 / -0.18	-0.15	-20.00% (-0.03)	―

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

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GLBE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
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%
May 20, 2024	$29.13	$30.69	+5.36%

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.

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