Global-e Online (GLBE) AI Stock Analysis

• Market Cap: $5.81B
• Dividend Yield: N/A
• Average Volume (3M): 1.98M
• Price to Earnings (P/E): 90.0
• Beta (1Y): 1.74
• Revenue Growth: 31.57%
• EPS Growth: N/A
• Country: US
• Employees: 1,084
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 0.35
• Shares Outstanding: 169,435,300
• 10 Day Avg. Volume: 3,415,063
• 30 Day Avg. Volume: 1,979,095
• PEG Ratio: -0.52
• Price to Book (P/B): 7.16
• Price to Sales (P/S): 6.94
• P/FCF Ratio: 23.79
• Enterprise Value/Market Cap: 0.99
• Enterprise Value/Revenue: 5.98
• Enterprise Value/Gross Profit: 13.18
• Enterprise Value/Ebitda: 44.36
• 1Y Price Target: $48.63
• Price Target Upside: 41.78% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 1.07
• Revenue Forecast (FY): $1.23B

• Rating: 73 Outperform
• Price Target: $39.00 ▲(13.70% Upside)
• Action: Reiterated Date: 02/19/26
• Date: Action: Reiterated 02/19/26

The score is driven primarily by strong financial quality (low leverage, robust and high-quality free cash flow, and a 2025 profitability inflection) and a very constructive earnings-call outlook with >30% growth guidance and margin expansion. Offsetting these positives are a weak-to-mixed technical picture and a stretched valuation (high P/E with no dividend), which increases sensitivity to execution and macro/tariff-related uncertainty.

Positive Factors

Strong free cash flow generation

Sustained, high-quality free cash flow provides durable optionality: funds buybacks, product investment, or cushioning versus shocks. FCF tracking net income (~0.99) signals earnings quality and lowers refinancing risk, improving financial flexibility over coming quarters.

High customer retention and stable take rate

Strong net-dollar retention and high gross retention indicate expanding revenue per customer and low churn, underpinning recurring transaction fees. A stable service take rate supports predictable margin contribution and long-term unit economics as GMV scales.

Product momentum and strategic partnerships

New offerings and platform integrations broaden addressable market and deepen merchant relationships, improving stickiness. Strategic ties (Shopify integration, duty-drawback capability) and borderfree channel diversify revenue streams and support sustained GMV growth.

Negative Factors

Prior multi-year losses and profitability volatility

The company’s track record includes several loss-making years, so recent profitability may be cyclical. Execution missteps, investment pacing, or adverse mix could erode margins again, making multi-quarter profit durability and forecasting more uncertain over the medium term.

Regulatory/tariff and de minimis risks to cross-border flows

Structural regulatory changes can permanently alter cross-border economics, increasing costs to consumers or merchants and reducing take rates or GMV. Such policy shifts create ongoing execution and demand risk for a cross-border platform over multiple quarters.

Reliance on FX tailwinds and one-time working-capital boosts

Performance supported by transient FX benefits and episodic working-capital timing raises sustainability concerns. If FX normalizes or one-off cash items reverse, near-term revenue and FCF could decelerate versus guidance, increasing earnings and cash volatility risk.

Global-e Online Business Overview & Revenue Model

Company Description

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide. Global-E Online Ltd. was incorporated in 2013 and is headquartered in Petah Tikva, Israel.

How the Company Makes Money

Global-e generates revenue primarily through transaction-based fees charged to its e-commerce partners for each cross-border sale facilitated through its platform. The company earns money by taking a percentage of the sales made via its services, which includes fees for currency conversion and payment processing. Additionally, Global-e may charge setup and subscription fees for its platform services, providing a steady revenue stream from merchants looking to expand globally. Strategic partnerships with major e-commerce platforms and payment processors further enhance its earnings potential, enabling the company to tap into a broader customer base and drive higher transaction volumes.

Global-e Online Financial Statement Overview

Summary

Strong balance sheet with very low leverage and a large equity base, plus excellent cash generation (2025 FCF $280.7M, up 45.2% YoY, closely matching net income). Profitability improved meaningfully with a return to GAAP net income in 2025, but the prior multi-year loss history and slowing recent revenue growth keep this below top-tier.

Income Statement

Revenue scaled meaningfully over the period, reaching $962.2M in 2025 (+8.3% YoY), though growth has decelerated from earlier years. Profitability improved sharply: after sizable losses in 2022–2024, the company returned to solid profitability in 2025 with positive operating profit and $68.3M net income (~7.1% net margin). Gross margin has been relatively steady in the mid-40% range recently, but the history of losses and uneven operating performance keeps the score below top-tier.

Balance Sheet

The balance sheet is conservatively structured with very low leverage (debt-to-equity ~0.045 in 2025) and a large equity base ($932.7M) supporting $1.46B of assets. Returns on equity recovered to ~7.3% in 2025 after negative returns in 2021–2024, indicating improving efficiency but not yet consistently strong across cycles. Overall financial risk from debt appears limited, with the main watch item being the recent history of profitability volatility rather than leverage.

Cash Flow

Cash generation is a clear strength: 2025 operating cash flow was $283.8M and free cash flow was $280.7M, with free cash flow growth of +45.2% YoY. Free cash flow closely tracks reported earnings (free cash flow to net income ~0.99 in 2025), suggesting good earnings quality. The company has also produced positive free cash flow even during loss-making years, though operating cash flow relative to revenue has been moderate, implying some working-capital or cash timing variability.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	962.20M	752.76M	569.95M	409.05M	245.27M
Gross Profit	436.25M	339.43M	233.60M	158.18M	91.43M
EBITDA	92.65M	101.61M	35.61M	-159.91M	-65.33M
Net Income	68.27M	-75.55M	-133.81M	-195.41M	-74.93M
Balance Sheet
Total Assets	1.46B	1.26B	1.20B	1.16B	846.13M
Cash, Cash Equivalents and Short-Term Investments	622.84M	474.44M	317.42M	228.20M	509.07M
Total Debt	41.95M	24.86M	23.32M	19.82M	21.32M
Total Liabilities	530.10M	370.05M	300.38M	234.48M	150.38M
Stockholders Equity	932.68M	893.43M	901.98M	928.12M	695.75M
Cash Flow
Free Cash Flow	280.68M	167.06M	106.48M	73.13M	12.87M
Operating Cash Flow	283.78M	169.39M	108.22M	81.48M	15.75M
Investing Cash Flow	-180.71M	-105.12M	-55.04M	-330.10M	-40.49M
Financing Cash Flow	-70.83M	3.28M	1.99M	1.24M	398.61M

Global-e Online Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 34.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLBE, the sentiment is Negative. The current price of 34.3 is below the 20-day moving average (MA) of 34.36, below the 50-day MA of 37.23, and below the 200-day MA of 35.33, indicating a bearish trend. The MACD of -0.81 indicates Negative momentum. The RSI at 46.84 is Neutral, neither overbought nor oversold. The STOCH value of 67.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GLBE.

Global-e Online Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GLBE	73 Outperform	$5.81B	89.96	7.48%	―	31.57%	―
RVLV	70 Outperform	$1.85B	33.64	12.19%	―	9.24%	35.68%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
W	55 Neutral	$9.66B	-30.45	―	―	3.35%	42.99%
ETSY	55 Neutral	$5.24B	40.08	―	―	1.98%	-20.98%
TDUP	51 Neutral	$580.66M	-14.91	-35.37%	―	-4.90%	50.77%
JMIA	50 Neutral	$1.03B	―	-109.12%	―	-4.62%	―

Global-e Online Corporate Events

Global-e Posts Record 2025 Results and Lifts Growth Outlook for 2026

Global-e Online reported on February 18, 2026 that 2025 was a record year, with fourth-quarter GMV up 37.8% to $2.36 billion and revenue up 28% to $336.7 million, while adjusted EBITDA surged 53% to $87.2 million and free cash flow jumped 68% to $216.2 million. For the full year, GMV rose 35% to $6.57 billion, revenue climbed 28% to $962.2 million and adjusted EBITDA increased 41% to $198.5 million, as the company exceeded guidance and strengthened profitability.

Management said Global-e is running slightly ahead of the multi-year strategic plan launched in March 2025, underpinned by expanded AI-led tools, the rollout of Shopify’s Managed Markets 2.0 for U.S. merchants and the enablement of agentic commerce workflows. The company also broadened its merchant base and geographic reach with a roster of new brands across North America, Europe and APAC, deepened relationships with names such as Logitech and Zimmermann, executed $72 million of Q4 share buybacks, and issued 2026 guidance that implies revenue growth accelerating to nearly 30% with further margin and cash-flow expansion.

The most recent analyst rating on (GLBE) stock is a Buy with a $38.00 price target. To see the full list of analyst forecasts on Global-e Online stock, see the GLBE Stock Forecast page.