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Global-e Online (GLBE)
NASDAQ:GLBE
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Global-e Online
(NASDAQ:GLBE)
Rating:68Neutral
Price Target:
$37.00
▲(0.95% Upside)
Positive Factors
Revenue Growth
Strong revenue growth indicates effective market penetration and product adoption, supporting long-term business expansion and stability.
Strategic Partnerships
The extended partnership with DHL enhances logistics capabilities, strengthening Global-E's service offering and competitive edge in cross-border e-commerce.
Cash Flow Generation
Strong cash flow generation supports operational resilience and provides financial flexibility for strategic investments and growth initiatives.
Negative Factors
Profitability Challenges
Ongoing profitability challenges may limit reinvestment capacity and affect long-term financial health, despite revenue growth.
Duty Tariff Uncertainty
Uncertainty regarding duty tariffs could disrupt trade flows and impact revenue, posing a risk to the company's international operations.
De Minimis Exemption Changes
Potential changes to U.S. de minimis exemptions could affect import volumes, challenging Global-E's business model reliant on cross-border transactions.
Global-e Online (GLBE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.20B
Dividend YieldN/A
Average Volume (3M)1.87M
Price to Earnings (P/E)―
Beta (1Y)1.69
Revenue Growth33.30%
EPS Growth74.42%
CountryUS
Employees1,084
SectorConsumer Cyclical
Sector Strength75
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.06
Shares Outstanding169,435,300
10 Day Avg. Volume1,689,359
30 Day Avg. Volume1,874,409
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap0.84
Enterprise Value/Revenue6.17
Enterprise Value/Gross Profit13.68
Enterprise Value/Ebitda28.77
Forecast
1Y Price Target
$48.63Price Target Upside32.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Global-e Online Business Overview & Revenue Model
Company DescriptionGlobal-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 MoneyGlobal-e generates revenue primarily through transaction fees charged to merchants for each sale processed on its platform. The company takes a percentage of the sales made through its services, which can vary based on the type of product and the market. Additionally, Global-e offers premium services, such as advanced analytics and marketing tools, which provide further revenue streams. The company has established significant partnerships with major e-commerce platforms and logistics providers, enhancing its service offerings and expanding its customer base, contributing to its overall earnings.
Global-e Online Key Performance Indicators (KPIs)
Any
Gross Merchandise Volume
Measures the total sales dollar value for merchandise sold through the platform, indicating the scale of the company's operations and its ability to attract and retain sellers and buyers.
Measures the total sales dollar value for merchandise sold through the platform, indicating the scale of the company's operations and its ability to attract and retain sellers and buyers.
Data provided by:
Main Street Data
Main Street DataGlobal-e Online Earnings Call Summary
Earnings Call Date:Aug 13, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 12, 2025
Earnings Call Sentiment Positive
The earnings call highlighted Global-E's strong growth in GMV and revenue, sustainable GAAP profitability, and strategic expansions, both through partnerships and acquisitions. Despite uncertainties around duty tariffs and the de minimis exemption, the company remains optimistic about its growth trajectory and strategic initiatives.Q2-2025 Updates
Positive Updates
Strong GMV and Revenue Growth
Global-E finished Q2 with GMV of $1.45 billion, up 34% year-over-year, and revenues of almost $215 million, up 28% year-over-year.
Sustainable GAAP Profitability
The company achieved GAAP profitability with a net profit of $10.5 million compared to a net loss of $22.4 million in the same quarter last year.
Strategic Partnership Extension with DHL
Global-E extended its long-term strategic partnership with DHL, entering into an additional 3-year agreement.
Acquisition of ReturnGo
Global-E acquired ReturnGo, a leading provider of AI-enabled return and exchange solutions, to enhance post-purchase solutions.
Expansion of Merchant Base
Several new brands were launched with Global-E in Q2, including SteelSeries, GANNI, and Life360, among others.
Increased Cash Flow
The company generated a strong free cash flow of $63.5 million in Q2.
Negative Updates
Uncertainty Due to Duty Tariffs
There is ongoing uncertainty around duty tariffs and their potential adverse impact on global trade in the back half of the year.
Impact of Shopify Warrant Amortization
The amortization of the Shopify warrants impacted financial results, although it is expected to be fully amortized by early 2026.
Challenges with De Minimis Exemption Changes
Expected changes to the U.S. de minimis exemption could impact trading volumes, although the company anticipates limited effects.
Weakness in U.K. Market
The U.K. market faced challenges, partly due to the impact of a cyberattack on a major merchant, M&S, affecting their trade volumes.
Company Guidance
During the Global-E Second Quarter 2025 Earnings Conference Call, the company provided guidance for the upcoming third quarter and full year 2025, illustrating a positive outlook driven by strong performance metrics. For Q3 2025, Global-E expects GMV to be between $1.455 billion and $1.495 billion, with revenue ranging from $214 million to $221 million, and an adjusted EBITDA of $37.5 million to $41.5 million, reflecting an 18.2% margin at the midpoint. For the full year, the company anticipates GMV in the range of $6.22 billion to $6.52 billion, revenue from $921.5 million to $971.5 million, and adjusted EBITDA between $180 million and $200 million. These projections indicate a 31% growth in GMV and a 26% increase in revenue at their respective midpoints. Despite potential uncertainties around global trade tariffs, the company remains confident in its ability to achieve GAAP profitability for the year, bolstered by strategic initiatives like the acquisition of ReturnGo and its partnership with Shopify.Global-e Online Financial Statement Overview
Summary
Global-e Online shows strong revenue growth and a solid balance sheet with low leverage. However, challenges in achieving profitability are evident, with negative net income and EBIT margins. Cash flow generation is a positive aspect, indicating operational resilience.Income Statement
Global-e Online has shown consistent revenue growth with a 5.88% increase in the TTM period. However, the company is struggling with profitability, as indicated by negative net profit and EBIT margins. The gross profit margin remains stable around 45%, suggesting efficient cost management in production. The EBITDA margin has improved, reflecting better operational efficiency, but the negative EBIT margin highlights ongoing challenges in covering operating expenses.65
Positive
Balance Sheet
The company's balance sheet is relatively strong with a low debt-to-equity ratio of 0.027, indicating low financial leverage and risk. However, the return on equity is negative, reflecting the company's struggle to generate profits from shareholders' equity. The equity ratio is healthy, suggesting a solid capital structure with a significant portion of assets financed by equity.70
Positive
Cash Flow
Cash flow metrics are positive, with a slight growth in free cash flow and a strong free cash flow to net income ratio, indicating effective cash generation relative to net income. The operating cash flow to net income ratio is also robust, suggesting that the company is generating sufficient cash from operations despite net losses.75
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 843.64M | 752.76M | 569.95M | 409.05M | 245.27M | 136.38M |
| Gross Profit | 380.47M | 339.43M | 233.60M | 158.18M | 91.43M | 43.47M |
| EBITDA | 180.90M | 101.61M | 35.61M | -159.91M | -65.33M | 8.65M |
| Net Income | -28.42M | -75.55M | -133.81M | -195.41M | -74.93M | 3.91M |
Balance Sheet | ||||||
| Total Assets | 1.22B | 1.26B | 1.20B | 1.16B | 846.13M | 347.31M |
| Cash, Cash Equivalents and Short-Term Investments | 515.48M | 474.44M | 317.42M | 228.20M | 509.07M | 91.97M |
| Total Debt | 24.65M | 24.86M | 23.32M | 19.82M | 21.32M | 4.43M |
| Total Liabilities | 306.71M | 370.05M | 300.38M | 234.48M | 150.38M | 205.81M |
| Stockholders Equity | 909.09M | 893.43M | 901.98M | 928.12M | 695.75M | 141.50M |
Cash Flow | ||||||
| Free Cash Flow | 149.58M | 167.06M | 106.48M | 73.13M | 12.87M | 28.89M |
| Operating Cash Flow | 152.45M | 169.39M | 108.22M | 81.48M | 15.75M | 29.35M |
| Investing Cash Flow | -202.08M | -105.12M | -55.04M | -330.10M | -40.49M | -24.05M |
| Financing Cash Flow | 2.62M | 3.28M | 1.99M | 1.24M | 398.61M | 59.36M |
Global-e Online Technical Analysis
Positive
36.65
Price Trends
33.53
Positive
33.74
Positive
41.01
Negative
Market Momentum
0.96
Negative
62.54
Neutral
89.05
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLBE, the sentiment is Positive. The current price of 36.65 is above the 20-day moving average (MA) of 33.60, above the 50-day MA of 33.53, and below the 200-day MA of 41.01, indicating a neutral trend. The MACD of 0.96 indicates Negative momentum. The RSI at 62.54 is Neutral, neither overbought nor oversold. The STOCH value of 89.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $1.67B | 37.28 | 10.36% | ― | 10.68% | 37.84% | |
68 Neutral | $6.20B | ― | -3.18% | ― | 33.30% | 74.42% | |
63 Neutral | $1.09B | ― | -176.83% | ― | -13.22% | ― | |
63 Neutral | $1.33B | ― | -58.93% | ― | -10.39% | 14.92% | |
61 Neutral | $18.09B | 12.97 | -1.60% | 2.98% | 1.42% | -15.92% | |
59 Neutral | $5.91B | 47.66 | -39.97% | ― | 2.38% | -38.88% | |
57 Neutral | $11.69B | ― | 17.86% | ― | 0.87% | 54.67% |
* Consumer Cyclical Sector Average
Performance Comparison
GLBE
Global-e Online
36.65
0.00
0.00%
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90.17
42.82
90.43%
ETSY
Etsy
59.59
3.94
7.08%
JMIA
Jumia Technologies AG
9.73
4.96
103.98%
RVLV
Revolve Group
23.93
-0.72
-2.92%
TDUP
thredUP
10.92
9.94
1014.29%
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.