GLBENasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Global-E Online Ltd.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 26, 2026
$39.71+0.89 (+2.29%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 101.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
45.3%+13.5 pts over 5 years
Operating margin
7.4%+1.3 pts over 5 years
Net margin
7.1%+4.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| 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 | – | – | +67.0% | – | |
| Free cash flow | +68.0% | +51.3% | +57.6% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -8.0% | 7.5% | |
| Return on assets | – | – | 5.0% | |
| Current ratio | – | 1.82 | 1.93 | |
| Capex to revenue | – | 0.3% | 0.3% | |
| Diluted shares | – | 29M | 176M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Global-E Online generated $668.88M from operations and spent $90.63M on capital expenditure, dividends and share buybacks. 20% of that went back into the business.
Generated
$668.88M
Used
$90.63M
Capital expenditure$18.41M20%Dividends$00%Share buybacks$72.22M80%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.1%
×Asset turnover0.71×
×Equity multiplier1.49×
=Return on equity, FY20257.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.1% | 0.71× | 1.49× | 7.5% |
| FY2024 | -10.0% | 0.61× | 1.37× | -8.4% |
| FY2023 | -23.5% | 0.48× | 1.29× | -14.6% |
| FY2022 | -47.8% | 0.41× | 1.24× | -24.1% |
| FY2021 | -30.6% | 0.49× | 1.55× | -23.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$68.27M
- Cash generatingOperating cash flow above zero$283.78M
- Return on assets improvedROA up on the prior year-6.3% → 5.4%
- Earnings backed by cashOperating cash flow above net income$283.78M vs $68.27M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.08 → 1.93
- No dilutionShare count did not rise167M → 176M
- Gross margin improvedGross margin up on the prior year45.09% → 45.34%
- More efficientAsset turnover rose0.63 → 0.76