Global-e Online Ltd. (GLBE) Income Statement
GLBE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGLBE revenue and net income
Where GLBE's revenue goes
2025Each bar shows an amount and its share of revenue. GLBE kept 7.1% of revenue as net income.
GLBE profit margins
GLBE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +27.8% | +33.0% | +47.8% | — |
| Gross profit | +28.5% | +40.2% | +58.6% | — |
| Operating income | — | — | +53.5% | — |
| Net income | — | — | +77.1% | — |
| EPS (diluted) | +27.0% | +67.5% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GLBE quarterly EPS vs estimates
Global-e Online beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 18, 2026 (estimate $0.25).
GLBE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $962.2M | $752.8M | $569.9M | $409.0M | $245.3M | $136.4M | $65.9M | $38.6M |
| Cost of revenue | $525.9M | $413.3M | $336.3M | $250.9M | $153.8M | $92.9M | $47.2M | $30.1M |
| Gross profit | $436.2M | $339.4M | $233.6M | $158.2M | $91.4M | $43.5M | $18.7M | $8.6M |
| Research & development | $122.8M | $105.5M | $97.6M | $81.2M | $29.8M | $15.4M | $12.0M | $9.5M |
| Sales, general & admin | $241.8M | $301.9M | $273.1M | $266.3M | $127.3M | $19.7M | $11.6M | $9.4M |
| Total operating expenses | $364.6M | $407.4M | $370.7M | $347.5M | $157.1M | $35.1M | $23.6M | $19.0M |
| Operating income | $71.7M | −$67.9M | −$137.1M | −$189.3M | −$65.7M | $8.4M | −$5.0M | −$10.4M |
| Interest expense | $1.2M | $11.5M | — | $12.1M | $8.6M | $4.3M | $2.6M | $1.2M |
| Income before taxes | $70.5M | −$79.4M | −$131.8M | −$201.4M | −$74.2M | $4.1M | −$7.5M | −$11.5M |
| Income taxes | $2.2M | −$3.8M | $2.0M | −$6.0M | $705,000 | $160,000 | $34,000 | $50,000 |
| Net income | $68.3M | −$75.5M | −$133.8M | −$195.4M | −$74.9M | $3.9M | −$7.5M | −$11.6M |
| EBITDA | $158.6M | $101.6M | $40.9M | −$10.9M | −$65.3M | $8.6M | −$4.8M | −$10.2M |
| EPS (diluted) | $0.94 | $0.74 | $0.61 | $0.20 | $0.06 | −$0.08 | −$0.06 | — |
| Gross margin | 45.3% | 45.1% | 41.0% | 38.7% | 37.3% | 31.9% | 28.3% | 22.2% |
| Operating margin | 7.4% | −9.0% | −24.0% | −46.3% | −26.8% | 6.2% | −7.5% | −26.9% |
| Net margin | 7.1% | −10.0% | −23.5% | −47.8% | −30.6% | 2.9% | −11.5% | −30.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $299.0M | $252.1M | $336.7M | $220.8M | $214.9M | $189.9M | $262.9M | $176.0M | $168.0M | $145.9M | $185.4M | $133.6M |
| Cost of revenue | $167.1M | $137.2M | $181.8M | $121.1M | $117.2M | $105.8M | $144.3M | $95.9M | $90.6M | $82.6M | $109.1M | $77.1M |
| Gross profit | $131.9M | $114.9M | $154.8M | $99.6M | $97.7M | $84.1M | $118.7M | $80.1M | $77.4M | $63.3M | $76.3M | $56.5M |
| Research & development | $35.0M | $33.0M | $33.1M | $30.8M | $30.7M | $28.1M | $28.3M | $27.0M | $26.7M | $23.5M | $25.2M | $24.9M |
| Sales, general & admin | $52.2M | $48.9M | $58.5M | $51.8M | $56.4M | $75.1M | $85.2M | $74.1M | $73.6M | $69.0M | $74.2M | $67.2M |
| Total operating expenses | $87.2M | $81.9M | $91.6M | $82.6M | $87.2M | $103.3M | $113.5M | $101.1M | $100.2M | $92.5M | $99.4M | $92.1M |
| Operating income | $44.7M | $33.0M | $63.3M | $17.1M | $10.5M | −$19.2M | $5.2M | −$21.0M | −$22.8M | −$29.3M | −$23.1M | −$35.6M |
| Interest income | — | — | — | — | — | — | — | — | — | — | — | $3.4M |
| Interest expense | — | $1.5M | $916,000 | $3.1M | — | — | $6.1M | $1.2M | $693,000 | $3.5M | $3.5M | $1,000 |
| Income before taxes | $49.4M | $31.5M | $62.4M | $14.0M | $11.5M | −$17.3M | −$891,000 | −$22.2M | −$23.5M | −$32.8M | −$18.0M | −$32.2M |
| Income taxes | $1.7M | $1.2M | −$102,000 | $790,000 | $1.0M | $541,000 | −$2.4M | $343,000 | −$1.1M | −$720,000 | $4.1M | $895,000 |
| Net income | $47.7M | $30.4M | $62.5M | $13.2M | $10.5M | −$17.9M | $1.5M | −$22.6M | −$22.4M | −$32.1M | −$22.1M | −$33.1M |
| EBITDA | $56.0M | $40.1M | $134.9M | $22.5M | $16.5M | $24.6M | $158.7M | −$16.1M | −$17.3M | −$23.7M | −$12.5M | −$26.7M |
| EPS (diluted) | $0.27 | $0.27 | $0.35 | $0.20 | $0.20 | $0.19 | $0.30 | $0.17 | $0.17 | $0.10 | $0.22 | $0.20 |
| Gross margin | 44.1% | 45.6% | 46.0% | 45.1% | 45.5% | 44.3% | 45.1% | 45.5% | 46.1% | 43.4% | 41.2% | 42.3% |
| Operating margin | 14.9% | 13.1% | 18.8% | 7.7% | 4.9% | −10.1% | 2.0% | −12.0% | −13.6% | −20.1% | −12.4% | −26.6% |
| Net margin | 16.0% | 12.0% | 18.6% | 6.0% | 4.9% | −9.4% | 0.6% | −12.8% | −13.4% | −22.0% | −11.9% | −24.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GLBE's financial statements (latest annual report filed March 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GLBE financial results
In fiscal year 2025 (ended December 31, 2025), Global-e Online reported revenue of $962.2 million, up 27.8% from the year before. It had net income of $68.3 million, a net profit margin of 7.1%. Diluted earnings per share came to $0.94. Over five years revenue grew at an average rate of 47.8% a year.
See the GLBE stock overview for the latest quote and news, or the GLBE chart for price history and technical indicators.
GLBE income statement FAQ
What is Global-e Online's annual revenue?
Global-e Online reported total revenue of $962.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 27.8% from $752.8 million the previous year.
Is Global-e Online profitable?
Yes. Global-e Online reported net income of $68.3 million in fiscal 2025, a net profit margin of 7.1%; its operating margin was 7.4%.
What is Global-e Online's gross margin?
Global-e Online's gross margin was 45.3% in fiscal 2025: for every $100 of revenue, Global-e Online kept $45 after the direct cost of its products and services.
How much does Global-e Online spend on research and development?
Global-e Online spent $122.8 million on research and development in fiscal 2025, 12.8% of revenue.
How fast is Global-e Online growing?
Revenue grew 47.8% a year on average over the last five fiscal years, from $136.4 million to $962.2 million.
What are Global-e Online's earnings per share?
Global-e Online earned $0.94 per diluted share in fiscal 2025, compared with $0.74 a year earlier.
When will Global-e Online report its next earnings?
Global-e Online is expected to report results for the quarter ending September 30, 2026 on November 18, 2026 before the market opens.
When does Global-e Online's fiscal year end?
Global-e Online's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 26, 2026.