GLBE

MKT CAP:$5B

Global-e Online Ltd.

Market Cap

$5B

Consumer Cyclical·Specialty Retail·🇮🇱 Israel·NASDAQ

Consumer Cyc.·Specialty Retail·🇮🇱·NASDAQ

Stock Price

$32.85-$5.01 (-13.23%)

Apr 22, 2026

Company Details

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 intern...

CEO

Amir Schlachet

IPO Date

May 12, 2021

Website

www.global-e.com

Key Metrics TTM

Revenue

$962M

+27.8% YoY

Net Income

$68M

EPS (Diluted)

$0.38

Free Cash Flow

$295M

Revenue / Share

$5.46

Gross Margin

45.3%

Operating Margin

7.4%

Net Margin

7.1%

FCF Margin

30.6%

P/S

5.5x

P/E

78.1x

Earnings Reports

Q1 2026

May 13, 2026

PENDING

FY 2025

Dec 30, 2025

$962M+27.8%EPS $0.39

Q4 2025

Feb 18, 2026

$337M+28.0%EPS $0.35

Q3 2025

Nov 19, 2025

$221M+25.5%EPS $0.07

Q2 2025

Aug 13, 2025

$215M+27.9%EPS $0.06

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$76M	$27M	-$52M
Q2 22	$87M	$34M	-$49M
Q3 22	$106M	$41M	-$53M
Q4 22	$140M	$56M	-$35M
Q1 23	$118M	$46M	-$42M
Q2 23	$133M	$55M	-$36M
Q3 23	$134M	$57M	-$36M
Q4 23	$185M	$76M	-$23M
Q1 24	$146M	$63M	-$29M
Q2 24	$168M	$77M	-$23M
Q3 24	$176M	$80M	-$21M
Q4 24	$263M	$119M	$5M
Q1 25	$190M	$84M	-$19M
Q2 25	$215M	$98M	$11M
Q3 25	$221M	$100M	$17M
Q4 25	$337M	$155M	$63M

Valuation

Quarter	P/S	P/E
Q1 22	17.9x	—
Q2 22	11.6x	—
Q3 22	12.7x	—
Q4 22	8.9x	—
Q1 23	11.6x	—
Q2 23	13.8x	—
Q3 23	12.4x	—
Q4 23	11.3x	—
Q1 24	10.1x	—
Q2 24	9.7x	—
Q3 24	9.5x	—
Q4 24	12.1x	—
Q1 25	7.5x	—
Q2 25	6.7x	—
Q3 25	7.1x	865.5x
Q4 25	7.1x	99.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$7M	-$12M
Q2 22	$32M	$30M
Q3 22	-$4M	-$6M
Q4 22	$61M	$60M
Q1 23	-$30M	-$30M
Q2 23	$18M	$18M
Q3 23	$27M	$26M
Q4 23	$90M	$89M
Q1 24	-$54M	-$55M
Q2 24	$64M	$63M
Q3 24	$30M	$30M
Q4 24	$129M	$129M
Q1 25	-$72M	-$73M
Q2 25	$65M	$64M
Q3 25	$74M	$74M
Q4 25	$231M	$230M

Capital Expenditures

Quarter	CapEx
Q1 22	$5M
Q2 22	$2M
Q3 22	$1M
Q4 22	$370.0K
Q1 23	$342.0K
Q2 23	$145.0K
Q3 23	$328.0K
Q4 23	$890.6K
Q1 24	$882.0K
Q2 24	$561.0K
Q3 24	$398.0K
Q4 24	$482.0K
Q1 25	$548.0K
Q2 25	$1M
Q3 25	$715.0K
Q4 25	$460.4K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+65.4%	+204.5%
Q2 22	+52.4%	+77.9%
Q3 22	+78.5%	+82.1%
Q4 22	+69.1%	+66.8%
Q1 23	+54.1%	+24.7%
Q2 23	+52.7%	+24.2%
Q3 23	+26.6%	+6.6%
Q4 23	+32.6%	+19.1%
Q1 24	+24.0%	+9.7%
Q2 24	+26.0%	+12.4%
Q3 24	+31.7%	+16.4%
Q4 24	+41.8%	+23.6%
Q1 25	+30.2%	+19.4%
Q2 25	+27.9%	+7.1%
Q3 25	+25.5%	+3.4%
Q4 25	+28.0%	+6.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$8M	10.4%
Q2 22	$13M	14.7%
Q3 22	$9M	8.5%
Q4 22	$9M	6.5%
Q1 23	$10M	8.3%
Q2 23	$11M	8.5%
Q3 23	$12M	8.8%
Q4 23	$12M	6.6%
Q1 24	$9M	6.0%
Q2 24	$11M	6.8%
Q3 24	$10M	5.5%
Q4 24	$10M	3.6%
Q1 25	$9M	4.6%
Q2 25	$10M	4.7%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	$18M	$12M	$50M	—
Q2 22	$18M	$15M	$51M	—
Q3 22	$22M	$19M	$53M	—
Q4 22	$24M	$15M	$53M	—
Q1 23	$23M	$13M	$52M	—
Q2 23	$25M	$14M	$53M	—
Q3 23	$25M	$14M	$54M	—
Q4 23	$25M	$15M	$59M	—
Q1 24	$24M	$12M	$57M	—
Q2 24	$27M	$13M	$60M	—
Q3 24	$27M	$11M	$63M	—
Q4 24	$28M	$14M	$71M	—
Q1 25	$28M	$11M	$64M	—
Q2 25	$31M	$12M	$44M	—
Q3 25	$31M	$13M	$38M	—
Q4 25	$33M	—	—	$59M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$188M	$87M	$275M
Q2 22	$233M	$52M	$285M
Q3 22	$107M	$84M	$191M
Q4 22	$165M	$63M	$228M
Q1 23	$168M	$44M	$212M
Q2 23	$151M	$73M	$224M
Q3 23	$146M	$107M	$253M
Q4 23	$200M	$117M	$317M
Q1 24	$182M	$116M	$298M
Q2 24	$230M	$112M	$341M
Q3 24	$207M	$151M	$358M
Q4 24	$255M	$220M	$474M
Q1 25	$208M	$237M	$445M
Q2 25	$205M	$310M	$515M
Q3 25	$251M	$301M	$552M
Q4 25	$246M	$377M	$623M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	154M	+3.4%	+607.1%
Q2 22	157M	+1.6%	+79.7%
Q3 22	159M	+1.2%	+8.3%
Q4 22	161M	+1.1%	+7.6%
Q1 23	163M	+1.3%	+5.4%
Q2 23	164M	+1.0%	+4.7%
Q3 23	165M	+0.4%	+3.8%
Q4 23	166M	+0.4%	+3.1%
Q1 24	166M	+0.3%	+2.2%
Q2 24	167M	+0.5%	+1.7%
Q3 24	168M	+0.4%	+1.7%
Q4 24	176M	+4.8%	+6.1%
Q1 25	169M	-3.6%	+1.9%
Q2 25	170M	+0.3%	+1.7%
Q3 25	176M	+3.6%	+4.9%
Q4 25	176M	+0.1%	+0.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$161.4K	473
Q2 22	$184.6K	473
Q3 22	$223.2K	473
Q4 22	$182.4K	767
Q1 23	$153.4K	767
Q2 23	$173.8K	767
Q3 23	$174.2K	767
Q4 23	$200.9K	923
Q1 24	$158.0K	923
Q2 24	$182.0K	923
Q3 24	$190.7K	923
Q4 24	$242.5K	1K
Q1 25	$175.2K	1K
Q2 25	$198.2K	1K
Q3 25	$203.7K	1K
Q4 25	$310.6K	1K

Revenue / Employee