Global-e Online (GLBE)
NASDAQ:GLBE
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Global-e Online
(NASDAQ:GLBE)
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Rating:73Outperform
Price Target:
$34.00
▲(10.57% Upside)
Action:ReiteratedDate: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
Conservative Balance Sheet
A conservatively structured balance sheet with minimal debt reduces refinancing and solvency risk, giving management durable financial flexibility to fund product development, international expansion, share repurchases, or opportunistic M&A without relying on external capital markets during stress periods.
Negative Factors
Profitability Volatility
History of operating losses followed by a single-year return to GAAP profitability highlights execution and margin variability. Durable earnings cannot be assumed until consistent multi-year profitability is established, raising risk that a slowdown could reverse margin progress and cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
A conservatively structured balance sheet with minimal debt reduces refinancing and solvency risk, giving management durable financial flexibility to fund product development, international expansion, share repurchases, or opportunistic M&A without relying on external capital markets during stress periods.
Read all positive factors
Global-e Online (GLBE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.21B
Dividend YieldN/A
Average Volume (3M)1.06M
Price to Earnings (P/E)26.8
Beta (1Y)1.80
Revenue Growth31.57%
EPS GrowthN/A
CountryUS
Employees1,084
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.35
Shares Outstanding169,435,300
10 Day Avg. Volume1,132,991
30 Day Avg. Volume1,056,132
Financial Highlights & Ratios
PEG Ratio-0.52
Price to Book (P/B)7.16
Price to Sales (P/S)6.94
P/FCF Ratio23.79
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue5.15
Enterprise Value/Gross Profit11.36
Enterprise Value/Ebitda38.20
Forecast
1Y Price Target
$46.89Price Target Upside52.49% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)1.11
Revenue Forecast (FY)$1.24B
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...
How the Company Makes Money
Global-e primarily makes money by charging merchants for enabling and managing cross-border e-commerce transactions through its platform. Its revenue model is transaction-driven: when a consumer places an international order through a merchant usi...
Global-e Online Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyGlobal-e Online Earnings Call Summary
Earnings Call Date:Feb 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 19, 2026
Earnings Call Sentiment Positive
The call emphasized numerous strong operational and financial results: record GMV, accelerating revenue growth, margin expansion, record free cash flow, GAAP profitability, strong customer retention, and clear product momentum (Managed Markets v2, duty drawback, AI initiatives). Management reiterated multiyear targets and provided ambitious 2026 guidance (GMV, revenue and adjusted EBITDA growth with margin expansion). Key near-term risks include short-term pressure from tariff and de minimis changes, some dependence on FX and elevated same-store sales that are assumed to normalize, a slightly lower fulfillment take rate, and portions of cash flow that were influenced by one-time working capital benefits. Overall, positives materially outweigh the noted near-term uncertainties and execution/timing risks.Positive Updates
Record GMV and Strong Quarterly Growth
Q4 2025 GMV of $2.36B (the strongest quarter ever) with GMV growth accelerating to ~37–38% year-over-year; full-year 2025 GMV of ~$6.57B, up 35% year-over-year. Achieved first-ever $1B GMV month in November 2025.
Negative Updates
Short-Term Pressure from Tariff Changes and de minimis Removals
Global tariff changes (notably U.S. tariff moves and upcoming EU de minimis removal) created short-term pressure on trading volumes, especially into the U.S.; management expects these dynamics to boost midterm pipeline but they represent near-term headwinds and continued uncertainty.
Read all updates
Q4-2025 Updates
Positive
Negative
Record GMV and Strong Quarterly Growth
Q4 2025 GMV of $2.36B (the strongest quarter ever) with GMV growth accelerating to ~37–38% year-over-year; full-year 2025 GMV of ~$6.57B, up 35% year-over-year. Achieved first-ever $1B GMV month in November 2025.
Read all positive updates
Company Guidance
Global-E guided to continued strong growth in 2026, forecasting Q1 GMV of $1.705–$1.745 billion (≈38.8% y/y at the midpoint), Q1 revenue of $247–$254 million (≈32% y/y at the midpoint) and Q1 adjusted EBITDA of $46.5–$49.5 million (≈19.2% margin at the midpoint); for the full year they expect GMV of $8.45–$8.80 billion (≈>31% y/y at the midpoint), revenue of $1.21–$1.27 billion (≈29% y/y at the midpoint, the first year >$1 billion), and adjusted EBITDA of $259–$284 million (≈37% growth at the midpoint) implying a ~21.9% adjusted EBITDA margin, with management expecting margin expansion, to remain GAAP-profitable and to finish above the Rule of 50.Global-e Online Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
92
Very Positive
| 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
Negative
30.75
Price Trends
33.65
Negative
36.22
Negative
35.27
Negative
Market Momentum
-1.07
Positive
40.28
Neutral
58.05
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 30.75 is below the 20-day moving average (MA) of 32.14, below the 50-day MA of 33.65, and below the 200-day MA of 35.27, indicating a bearish trend. The MACD of -1.07 indicates Positive momentum. The RSI at 40.28 is Neutral, neither overbought nor oversold. The STOCH value of 58.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GLBE.
Global-e Online Risk Analysis
Global-e Online disclosed 1 risk factors in its most recent earnings report. Global-e Online reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Global-e Online Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $5.21B | 26.77 | 7.46% | ― | 31.57% | ― | |
67 Neutral | $1.78B | 29.01 | 12.82% | ― | 9.24% | 35.68% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | $5.20B | 33.41 | -15.36% | ― | 1.98% | -20.98% | |
54 Neutral | $9.70B | -41.81 | 11.30% | ― | 3.35% | 42.99% | |
53 Neutral | $475.12M | -38.47 | -34.47% | ― | -4.90% | 50.77% | |
44 Neutral | $862.01M | -12.43 | -133.66% | ― | -4.62% | ― |
* Consumer Cyclical Sector Average
GLBE
Global-e Online
30.75
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-10.09%
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Global-e Online Corporate Events
Global-E Online Sets May 11, 2026 Shareholder Meeting to Vote on Governance and Compensation Changes
Apr 6, 2026
Global-E Online Ltd. has called its 2026 Annual General Meeting of Shareholders for May 11, 2026, at its Petah-Tikva headquarters in Israel, with shareholders of record as of April 1, 2026 eligible to vote. The agenda includes the re-election of C...
Global-E Online Corrects GMV Disclosure in 2025 Annual Report
Mar 31, 2026
Global-E Online clarified on March 31, 2026 that its recently filed 2025 annual report contained a scrivener’s error regarding the contribution of existing merchants to GMV. The company stated that existing merchants accounted for 87% and 91...
Global-e Posts Record 2025 Results and Lifts Growth Outlook for 2026
Feb 18, 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 $...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.