Global-e Online Ltd. (GLBE) Balance Sheet
GLBE balance sheet, 2025
December 31, 2025 · U.S. dollars$1.46B assets = $530.1M liabilities + $932.7M equity
Both columns are drawn to the same scale: what GLBE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GLBE financial health
Descriptive bands, not a rating. Fiscal 2025.
GLBE balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $28.5M2018 | $1.46B2025 | +75.5%/yr | |
| Total liabilities | $20.4M2018 | $530.1M2025 | +59.3%/yr | |
| Shareholders’ equity | $8.1M2018 | $932.7M2025 | +97.0%/yr | |
| Cash & short-term investments | $9.6M2018 | $622.8M2025 | +81.6%/yr | |
| Total debt | $1.4M2019 | $23.5M2025 | +59.3%/yr | |
| Net cash (debt) | $3.7M2019 | $599.3M2025 | +$595.7M | |
| Working capital | $5.7M2018 | $476.7M2025 | +$471.0M | |
| Book value per share | $0.072018 | $5.302025 | +87.0%/yr | |
| Current ratio | 1.282018 | 1.932025 | +0.66 | |
| Debt / equity | 0.032021 | 0.032025 | −0.01 | |
| Shares outstanding | 122.1M2018 | 176.0M2025 | +5.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GLBE assets
GLBE liabilities and equity
GLBE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GLBE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $622.8M | $474.4M | $317.4M | $228.2M | $509.1M | $92.0M | $5.1M | $9.6M |
| Cash & equivalents | $245.9M | $254.6M | $200.1M | $165.0M | $448.6M | $68.6M | $5.0M | $9.5M |
| Short-term investments | $377.0M | $219.8M | $117.3M | $63.2M | $60.4M | $23.3M | $82,000 | $39,000 |
| Receivables | $331.0M | $164.2M | $185.9M | $137.8M | $66.8M | $58.7M | $23.6M | $749,000 |
| Inventory | $0 | −$4.2M | $970,000 | $0 | $45.3M | $0 | $10.7M | $0 |
| Other current assets | $32.8M | $88.8M | $16.2M | $8.6M | $1.3M | $2.5M | $0 | $15.8M |
| Total current assets | $986.7M | $723.2M | $520.5M | $374.7M | $622.5M | $153.1M | $39.3M | $26.1M |
| Property, plant & equipment (net) | $31.7M | $34.9M | $33.3M | $30.0M | $23.4M | $4.9M | $1.9M | $404,000 |
| Goodwill & intangible assets | $427.8M | $426.8M | $445.6M | $466.0M | $196.5M | $0 | $0 | $0 |
| Long-term investments | $11.8M | $1.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $4.8M | $77.5M | $203.0M | $291.9M | $3.7M | $3.3M | $2.4M | $2.0M |
| Total assets | $1.46B | $1.26B | $1.20B | $1.16B | $846.1M | $161.3M | $43.6M | $28.5M |
| Liabilities | ||||||||
| Accounts payable | $91.6M | $79.6M | $50.9M | $52.2M | $24.1M | $19.1M | $9.0M | $4.9M |
| Short-term debt | $5.1M | $4.3M | $4.0M | $3.2M | $2.5M | $915,000 | $590,000 | — |
| Deferred revenue | $79.2M | — | $10.5M | $9.2M | $7.4M | $4.4M | $31.5M | — |
| Total current liabilities | $510.0M | $348.4M | $273.5M | $209.6M | $131.6M | $83.9M | $41.8M | $20.4M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $23.5M | $24.9M | $23.3M | $19.8M | $21.3M | $4.4M | $1.4M | — |
| Other long-term liabilities | $20.1M | $21.6M | $26.9M | $24.9M | $18.8M | $121.9M | $54.8M | $0 |
| Total liabilities | $530.1M | $370.0M | $300.4M | $234.5M | $150.4M | $205.8M | $96.6M | $20.4M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $1.47B | $1.43B | $1.36B | $1.25B | $823.5M | — | — | — |
| Retained earnings (deficit) | −$536.3M | −$532.4M | −$456.9M | −$323.0M | −$127.6M | −$52.7M | −$56.6M | −$49.1M |
| Accumulated other comprehensive income | $2.8M | $514,999 | −$1.4M | −$1.9M | −$159,000 | $111,000 | −$545,000 | — |
| Total shareholders' equity | $932.7M | $893.4M | $902.0M | $928.1M | $695.8M | −$44.5M | −$53.0M | $8.1M |
| Key figures | ||||||||
| Total debt | $23.5M | $24.9M | $23.3M | $19.8M | $21.3M | $4.4M | $1.4M | — |
| Net cash (debt) | $599.3M | $449.6M | $294.1M | $208.4M | $487.8M | $87.5M | $3.7M | — |
| Working capital | $476.7M | $374.8M | $247.0M | $165.1M | $490.9M | $69.2M | −$2.5M | $5.7M |
| Tangible book value | $504.9M | $466.7M | $456.4M | $462.1M | $499.2M | −$44.5M | −$53.0M | $8.1M |
| Book value per share | $5.30 | $5.34 | $5.49 | $5.89 | $6.84 | — | −$0.43 | $0.07 |
| Shares outstanding | 176.0M | 167.3M | 164.4M | 157.7M | 101.7M | — | 122.1M | 122.1M |
| Current ratio | 1.93 | 2.08 | 1.90 | 1.79 | 4.73 | 1.82 | 0.94 | 1.28 |
| Quick ratio | 1.87 | 1.83 | 1.84 | 1.75 | 4.38 | 1.80 | 0.69 | 0.51 |
| Debt / equity | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | — | — | — |
| Equity / assets | 63.8% | 70.7% | 75.0% | 79.8% | 82.2% | −27.6% | −121.6% | 28.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $530.4M | $552.5M | $622.8M | $552.4M | $515.5M | $297.9M | $317.4M | $358.5M | $341.5M | $297.9M | $228.2M | $252.9M |
| Cash & equivalents | $285.4M | $175.2M | $245.9M | $251.4M | $205.2M | $181.9M | $200.1M | $207.3M | $229.8M | $181.9M | $165.0M | $145.8M |
| Short-term investments | $245.1M | $377.3M | $377.0M | $301.0M | $310.3M | $116.0M | $117.3M | $151.2M | $111.7M | $116.0M | $63.2M | $107.0M |
| Receivables | $78.6M | $160.3M | $331.0M | $140.8M | $122.6M | $99.8M | $185.9M | $177.5M | $128.8M | $99.8M | $137.8M | $83.9M |
| Inventory | $0 | $0 | −$4.2M | $0 | $0 | $0 | −$4.2M | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $282.0M | $119.1M | $37.0M | $97.9M | $97.0M | $61.5M | $21.3M | $58.7M | $51.1M | $61.5M | $8.6M | $63.9M |
| Total current assets | $891.0M | $831.9M | $986.7M | $791.1M | $735.0M | $459.1M | $520.5M | $594.7M | $521.4M | $459.1M | $374.7M | $400.6M |
| Property, plant & equipment (net) | $32.2M | $31.8M | $31.7M | $32.9M | $33.7M | $32.8M | $33.3M | $35.7M | $33.1M | $32.8M | $30.0M | $31.9M |
| Goodwill & intangible assets | $415.8M | $421.8M | $427.8M | $432.8M | $418.0M | $440.6M | $445.6M | $431.2M | $435.6M | $440.6M | $466.0M | $450.7M |
| Long-term investments | $0 | $0 | $11.8M | $9.1M | $8.5M | $8.2M | $1.1M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $16.2M | $15.9M | $4.8M | $12.6M | $20.6M | $166.0M | $201.9M | $105.5M | $140.4M | $174.2M | $291.9M | $235.3M |
| Total assets | $1.36B | $1.30B | $1.46B | $1.28B | $1.22B | $1.11B | $1.20B | $1.17B | $1.13B | $1.11B | $1.16B | $1.12B |
| Liabilities | ||||||||||||
| Accounts payable | $80.8M | $65.8M | $91.6M | $56.4M | $52.9M | $33.9M | $50.9M | $42.4M | $36.0M | $33.9M | $52.2M | $32.5M |
| Short-term debt | $6.0M | $5.3M | $5.1M | $4.8M | $4.7M | $4.0M | $4.0M | $4.4M | $4.1M | $4.0M | $3.2M | $3.7M |
| Deferred revenue | — | — | $79.2M | — | — | — | $10.5M | — | — | — | $9.2M | $10.5M |
| Total current liabilities | $430.6M | $369.6M | $510.0M | $324.7M | $285.5M | $195.4M | $273.5M | $272.8M | $229.0M | $195.4M | $209.6M | $188.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $25.4M | $23.9M | $23.5M | $24.0M | $24.6M | $23.9M | $24.9M | $25.6M | $22.4M | $22.4M | $23.3M | $21.5M |
| Other long-term liabilities | $21.0M | $20.4M | $20.1M | $20.9M | $21.2M | $24.5M | $26.9M | $24.9M | $22.9M | $24.5M | $24.9M | $21.7M |
| Total liabilities | $451.6M | $390.0M | $530.1M | $345.5M | $306.7M | $219.9M | $300.4M | $297.7M | $251.9M | $219.9M | $234.5M | $210.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.49B | $1.48B | $1.47B | $1.46B | $1.44B | $1.38B | $1.43B | $1.40B | $1.39B | $1.38B | $1.36B | $1.34B |
| Retained earnings (deficit) | −$585.2M | −$564.9M | −$536.3M | −$526.6M | −$539.8M | −$488.9M | −$456.9M | −$533.9M | −$511.3M | −$488.9M | −$323.0M | −$434.8M |
| Accumulated other comprehensive income | $1.4M | $40,000 | $2.8M | $4.0M | $4.2M | −$1.3M | −$1.4M | −$387,000 | −$1.3M | −$1.3M | −$1.9M | −$2.0M |
| Total shareholders' equity | $903.7M | $911.4M | $932.7M | $933.0M | $909.1M | $886.9M | $902.0M | $869.4M | $878.7M | $886.9M | $928.1M | $908.2M |
| Key figures | ||||||||||||
| Total debt | $25.4M | $23.9M | $23.5M | $24.0M | $24.6M | $22.4M | $23.3M | $25.6M | $22.4M | $22.4M | $19.8M | $21.5M |
| Net cash (debt) | $505.0M | $528.6M | $599.3M | $528.5M | $490.8M | $275.5M | $294.1M | $332.9M | $319.1M | $275.5M | $208.4M | $231.4M |
| Working capital | $460.5M | $462.3M | $476.7M | $466.5M | $449.5M | $263.8M | $247.0M | $321.9M | $292.4M | $263.8M | $165.1M | $212.0M |
| Tangible book value | $487.8M | $489.6M | $504.9M | $500.2M | $491.1M | $446.3M | $456.4M | $438.2M | $443.1M | $446.3M | $462.1M | $457.5M |
| Book value per share | $5.16 | $5.24 | $5.30 | $5.30 | $5.35 | $5.24 | $5.13 | $5.18 | $5.26 | $5.34 | $5.60 | $5.51 |
| Shares outstanding | 175.1M | 174.0M | 176.1M | 176.0M | 169.8M | 169.3M | 175.7M | 167.7M | 167.0M | 166.2M | 165.6M | 164.9M |
| Current ratio | 2.07 | 2.25 | 1.93 | 2.44 | 2.57 | 2.35 | 1.90 | 2.18 | 2.28 | 2.35 | 1.79 | 2.12 |
| Quick ratio | 1.41 | 1.93 | 1.87 | 2.14 | 2.23 | 2.04 | 1.84 | 1.96 | 2.05 | 2.04 | 1.75 | 1.79 |
| Debt / equity | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
| Equity / assets | 66.7% | 70.0% | 63.8% | 73.0% | 74.8% | 80.1% | 75.0% | 74.5% | 77.7% | 80.1% | 79.8% | 81.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 26, 2026); data from EODHD.
GLBE financial position
At the end of fiscal 2025 (December 31, 2025), Global-e Online had total assets of $1.5 billion (up 15.8% from a year earlier), total liabilities of $530.1 million and shareholders' equity of $932.7 million. It held $622.8 million in cash and short-term investments against $23.5 million of debt, a net cash position of $599.3 million. Its current ratio was 1.93. In the latest quarter (ended June 30, 2026) total assets were $1.4 billion and equity $903.7 million.
Related: GLBE income statement, GLBE cash flow statement, GLBE key metrics. See the GLBE stock overview for the latest quote and news.
GLBE balance sheet FAQ
What are Global-e Online's total assets?
Global-e Online reported total assets of $1.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.3 billion a year earlier.
How much debt does Global-e Online have?
Global-e Online had $23.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.03.
How much cash does Global-e Online have?
Global-e Online held $622.8 million in cash and short-term investments at the end of fiscal 2025; with $23.5 million of debt that is net cash of $599.3 million.
What is Global-e Online's book value?
Global-e Online's shareholders' equity (book value) was $932.7 million at the end of fiscal 2025, or $5.30 per share.
What is Global-e Online's current ratio?
Global-e Online had current assets of $986.7 million and current liabilities of $510.0 million, a current ratio of 1.93 (it can cover its short-term obligations).
How much goodwill does Global-e Online have?
Global-e Online carried $427.8 million of goodwill and intangible assets, 29.2% of total assets, at the end of fiscal 2025.