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Global-e Online (GLBE)
NASDAQ:GLBE
US Market

Global-e Online (GLBE) AI Stock Analysis

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Global-e Online

(NASDAQ:GLBE)

Rating:65Neutral
Price Target:
$37.00
▲(6.97%Upside)
Global-e Online's overall stock score reflects robust revenue growth and strategic partnerships, countered by challenges in profitability and valuation concerns. The earnings call provided positive guidance, but technical indicators suggest caution due to recent price trends. The company's strong balance sheet and cash flow efficiency are positive factors, while geopolitical risks and a negative P/E ratio weigh on the stock's appeal.
Positive Factors
Earnings Performance
Global-e reported good 1Q25 results with GMV, revenue, and adjusted EBITDA above estimates.
Operational Efficiency
Effective cost management strategies have been implemented, leading to improved operational efficiency.
Strategic Partnerships
Management's focus on strategic partnerships is expected to drive further growth and expansion.
Negative Factors
Consumer Spending
High interest rates, persistent inflation, and expensive mortgage costs are preventing disposable income relief, affecting consumer spending and impacting Global-E Online Ltd.'s performance.
Partnership Changes
The updated Shopify partnership loses some prior exclusivity, which could shrink the Shopify opportunity.
Trade Environment
Soft consumer demand and global trade environment challenges are creating economic uncertainty, impacting Global-E Online Ltd.'s earnings forecasts and price target.

Global-e Online (GLBE) vs. SPDR S&P 500 ETF (SPY)

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 Online generates revenue primarily through a combination of service fees and transaction-based fees. The company charges retailers a service fee for the use of its comprehensive e-commerce platform, which includes tools for localizing content, calculating taxes and duties, and managing international shipping. Additionally, Global-e earns transaction-based fees, which are a percentage of each sale processed through its platform. The company also benefits from strategic partnerships with major e-commerce platforms and marketplaces, which help drive more retailers to its services, thereby increasing transaction volume and revenue. These partnerships, along with its robust technological infrastructure, contribute significantly to Global-e's earnings.

Global-e Online Key Performance Indicators (KPIs)

Any
Any
Gross Merchandise Volume
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.
Chart InsightsGlobal-e Online's Gross Merchandise Volume has been on a robust upward trajectory, with a notable 34% year-over-year increase in Q1 2025. This growth is bolstered by a strategic partnership with Shopify, enhancing their market position. However, potential challenges loom due to U.S. import tariffs affecting 12% of U.S. inbound GMV and geopolitical uncertainties. Despite these risks, the company's proactive strategies, including new offerings to offset tariff costs, suggest resilience and continued growth potential in the e-commerce space.
Data provided by:Main Street Data

Global-e Online Earnings Call Summary

Earnings Call Date:May 14, 2025
(Q1-2025)
|
% Change Since: -18.40%|
Next Earnings Date:Aug 19, 2025
Earnings Call Sentiment Positive
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.
Q1-2025 Updates
Positive Updates
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.
Negative Updates
Potential Impact of U.S. Import Tariffs
The removal of the de minimis on imports into the U.S. may negatively impact 12% of Global-E's U.S. inbound GMV if retail prices increase significantly due to high tariffs.
Geopolitical and Macroeconomic Uncertainty
There is heightened uncertainty due to global trade turmoil caused by changes in duty tariffs, which may affect consumer spending and e-commerce trade.
Impact of Ted Baker Bankruptcy
Growth of service fees was impacted by the bankruptcy of Ted Baker UK and EU distributors, affecting the GMV mix.
Company Guidance
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.

Global-e Online Financial Statement Overview

Summary
Global-e Online shows strong revenue growth and improving margins, though profitability remains a challenge. A solid balance sheet supports stability with minimal leverage. Robust cash flow performance offsets net losses, suggesting the company is well-positioned for future growth if profitability improves.
Income Statement
72
Positive
Global-e Online has demonstrated robust revenue growth with a 32.1% increase from 2023 to 2024, signaling strong demand and business expansion. Gross profit margin improved to 45.1%, indicating efficient cost management. However, the company remains unprofitable with a negative net profit margin of -10.0%. Despite EBITDA turning positive, EBIT remains negative, pointing to ongoing operational challenges.
Balance Sheet
65
Positive
The company maintains a solid equity base with an equity ratio of 70.7%, reflecting financial stability. However, the debt-to-equity ratio is low at 0.03, suggesting limited leverage use. Return on equity is negative due to net losses, highlighting profitability concerns despite a strong capital structure.
Cash Flow
78
Positive
Impressive free cash flow growth of 57.0% indicates effective cash management and operational efficiency. The operating cash flow to net income ratio is strong at -2.24, demonstrating robust cash generation relative to accounting losses. Free cash flow covers net income, emphasizing cash flow resilience despite net losses.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
752.76M569.95M409.05M245.27M136.38M
Gross Profit
339.43M233.60M158.18M91.43M43.47M
EBIT
-67.93M-137.06M-189.32M-65.66M8.41M
EBITDA
101.61M47.77M-159.91M-65.33M8.65M
Net Income Common Stockholders
-75.55M-133.81M-195.41M-74.93M3.91M
Balance SheetCash, Cash Equivalents and Short-Term Investments
474.44M317.42M228.20M509.07M91.97M
Total Assets
1.26B1.20B1.16B846.13M347.31M
Total Debt
24.86M23.32M19.82M21.32M4.43M
Net Debt
-229.76M-176.76M-145.21M-427.30M-64.21M
Total Liabilities
370.05M300.38M234.48M150.38M205.81M
Stockholders Equity
893.43M901.98M928.12M695.75M141.50M
Cash FlowFree Cash Flow
167.06M106.48M73.13M12.87M28.89M
Operating Cash Flow
169.39M108.22M81.48M15.75M29.35M
Investing Cash Flow
-108.96M-55.04M-330.10M-40.49M-24.05M
Financing Cash Flow
3.28M1.99M1.24M398.61M59.36M

Global-e Online Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price34.59
Price Trends
50DMA
34.26
Positive
100DMA
41.76
Negative
200DMA
42.44
Negative
Market Momentum
MACD
-0.55
Negative
RSI
53.03
Neutral
STOCH
83.82
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLBE, the sentiment is Neutral. The current price of 34.59 is above the 20-day moving average (MA) of 33.86, above the 50-day MA of 34.26, and below the 200-day MA of 42.44, indicating a neutral trend. The MACD of -0.55 indicates Negative momentum. The RSI at 53.03 is Neutral, neither overbought nor oversold. The STOCH value of 83.82 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
$36.24B18.7936.48%1.42%2.04%-15.61%
74
Outperform
$51.65B205.716.06%20.88%-80.08%
74
Outperform
$20.01B53.61101.78%6.40%891.13%
68
Neutral
$6.65B45.33-39.97%2.18%-32.87%
65
Neutral
$5.86B-6.93%33.20%50.84%
62
Neutral
$6.88B11.322.90%3.87%2.70%-24.57%
WW
47
Neutral
$5.81B17.86%-0.89%46.62%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GLBE
Global-e Online
34.33
2.85
9.05%
EBAY
eBay
79.36
27.12
51.91%
W
Wayfair
47.28
-9.77
-17.13%
ETSY
Etsy
63.88
-2.19
-3.31%
CHWY
Chewy
46.51
23.83
105.07%
CPNG
Coupang
28.47
6.29
28.36%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.