GLOB

MKT CAP:$2B

Globant S.A.

Market Cap

$2B

Technology·Information Technology Services·🇱🇺 Luxembourg·NYSE

Technology·IT Services·🇱🇺·NYSE

Stock Price

$47.73-$15.34 (-24.32%)

Apr 22, 2026

Company Details

Globant S.A. operates as a technology services company worldwide. It offers e-commerce, new distribution capabilities, augmented revenue management, hyper connected operation, and conversational user experience services through reinvention ...

CEO

Martin Migoya

IPO Date

Jul 18, 2014

Website

www.globant.com

Key Metrics TTM

Revenue

$2.5B

+3.1% YoY

Net Income

$103M

EPS (Diluted)

$2.29

Free Cash Flow

$212M

Revenue / Share

$54.76

Gross Margin

33.8%

Operating Margin

7.4%

Net Margin

4.2%

FCF Margin

8.6%

P/S

0.8x

P/E

18.2x

Earnings Reports

FY 2025

Feb 27, 2026

$2.5B+1.6%EPS $2.29

Q4 2025

Feb 27, 2026

$612M-4.7%EPS $0.93

Q3 2025

Nov 13, 2025

$617MEPS $0.73

Q2 2025

Aug 14, 2025

$614M+4.5%EPS -$0.05

Q1 2025

May 15, 2025

$611M+7.0%EPS $0.68

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$380M	$145M	$44M
Q1 22	$401M	$152M	$51M
Q2 22	$429M	$161M	$49M
Q3 22	$459M	$156M	$56M
Q4 22	$491M	$188M	$55M
Q1 23	$472M	$168M	$44M
Q2 23	$498M	$181M	$47M
Q3 23	$545M	$177M	$61M
Q4 23	$581M	$214M	$55M
Q1 24	$571M	$202M	$48M
Q2 24	$587M	$210M	$54M
Q4 24	$642M	$242M	$59M
Q1 25	$611M	$213M	$50M
Q2 25	$614M	$218M	$6M
Q3 25	$617M	$186M	$67M
Q4 25	$612M	$214M	$60M

Valuation

Quarter	P/S	P/E
Q4 21	10.6x	141.5x
Q1 22	8.3x	104.8x
Q2 22	5.4x	66.2x
Q3 22	4.8x	57.8x
Q4 22	3.9x	47.2x
Q1 23	3.6x	45.2x
Q2 23	4.0x	52.2x
Q3 23	4.3x	55.5x
Q4 23	4.7x	61.6x
Q1 24	4.0x	52.2x
Q2 24	3.4x	45.3x
Q4 24	4.1x	59.7x
Q1 25	2.2x	34.7x
Q2 25	1.6x	38.0x
Q3 25	1.1x	26.6x
Q4 25	1.2x	29.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$100M	$136M
Q1 22	$0	$0
Q2 22	$45M	$17M
Q3 22	$76M	$46M
Q4 22	$0	$0
Q1 23	$34M	-$2M
Q2 23	$37M	$9M
Q3 23	$87M	$61M
Q4 23	$156M	$202M
Q1 24	$11M	-$5M
Q2 24	$10M	-$28M
Q4 24	$125M	$172M
Q1 25	$16M	-$6M
Q2 25	$22M	-$3M
Q3 25	$92M	$67M
Q4 25	$172M	$153M

Capital Expenditures

Quarter	CapEx
Q4 21	$35M
Q1 22	$0
Q2 22	$28M
Q3 22	$30M
Q4 22	$0
Q1 23	$36M
Q2 23	$28M
Q3 23	$27M
Q4 23	$45M
Q1 24	$16M
Q2 24	$38M
Q4 24	$47M
Q1 25	$21M
Q2 25	$25M
Q3 25	$25M
Q4 25	$19M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+83.3%	+82.7%
Q1 22	+72.5%	+70.8%
Q2 22	+58.9%	+61.0%
Q3 22	+50.3%	+46.7%
Q4 22	+29.2%	+29.6%
Q1 23	+17.7%	+22.1%
Q2 23	+15.9%	+18.5%
Q3 23	+18.8%	+20.2%
Q4 23	+18.3%	+20.7%
Q1 24	+20.9%	+22.2%
Q2 24	+18.1%	+18.4%
Q4 24	+17.8%	+20.6%
Q1 25	+5.2%	+6.7%
Q2 25	+7.5%	+16.3%
Q3 25	+5.1%	+3.1%
Q4 25	-4.7%	-5.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$15M	4.0%
Q1 22	$0	0.0%
Q2 22	$14M	3.3%
Q3 22	$15M	3.3%
Q4 22	$0	0.0%
Q1 23	$17M	3.5%
Q2 23	$17M	3.4%
Q3 23	$19M	3.4%
Q4 23	$22M	3.8%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$21M	3.4%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 21	$77M	$11M	—
Q1 22	—	—	$102M
Q2 22	—	—	$112M
Q3 22	—	—	$100M
Q4 22	$72M	$31M	—
Q1 23	—	—	$119M
Q2 23	—	—	$128M
Q3 23	—	—	$116M
Q4 23	$113M	$32M	—
Q1 24	—	—	$152M
Q2 24	—	—	$155M
Q4 24	—	—	$154M
Q1 25	—	—	$162M
Q2 25	—	—	$160M
Q3 25	—	—	$119M
Q4 25	—	—	$156M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$341M	$33M	$373M
Q2 22	$324M	$43M	$366M
Q3 22	$294M	$79M	$373M
Q4 22	$292M	$51M	$343M
Q1 23	$254M	$43M	$297M
Q2 23	$241M	$41M	$281M
Q3 23	$197M	$29M	$226M
Q4 23	$307M	$20M	$327M
Q1 24	$226M	$18M	$244M
Q2 24	$158M	$23M	$180M
Q3 24	$199M	$18M	$217M
Q4 24	$142M	$16M	$158M
Q1 25	$114M	$14M	$128M
Q2 25	$167M	$7M	$174M
Q3 25	$155M	$12M	$167M
Q4 25	$244M	$7M	$250M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	43M	+2.8%	+4.9%
Q1 22	43M	-0.2%	+4.5%
Q2 22	43M	+0.1%	+3.9%
Q3 22	43M	+0.3%	+2.9%
Q4 22	43M	+0.4%	+0.6%
Q1 23	43M	+0.4%	+1.2%
Q2 23	43M	+0.3%	+1.4%
Q3 23	44M	+0.7%	+1.8%
Q4 23	44M	+0.7%	+2.1%
Q1 24	44M	+0.2%	+1.9%
Q2 24	44M	+0.5%	+2.1%
Q4 24	45M	+1.7%	+3.2%
Q1 25	45M	+0.3%	+2.8%
Q2 25	44M	-2.0%	+0.5%
Q3 25	46M	+2.9%	+2.9%
Q4 25	45M	-1.7%	-0.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$16.1K	24K
Q1 22	$17.1K	24K
Q2 22	$18.2K	24K
Q3 22	$19.5K	24K
Q4 22	$18.1K	27K
Q1 23	$17.4K	27K
Q2 23	$18.3K	27K
Q3 23	$20.1K	27K
Q4 23	$19.9K	29K
Q1 24	$19.6K	29K
Q2 24	$20.2K	29K
Q4 24	$20.5K	31K
Q1 25	$19.5K	31K
Q2 25	$19.6K	31K
Q3 25	$19.7K	31K
Q4 25	$12.2K	50K

Revenue / Employee