Saturday 17 October 2026
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Global-e Online Ltd.
GLBE Consumer Cyclical Internet Retail
Global-e Online Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $962.2 million, up 27.8% from fiscal 2024. In the quarter to June 2026, revenue grew 39.2%, EPS grew 366.7% and free cash flow grew 15.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
38.82
1.41
−3.50%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 24.22 | 15.63 | 19.59 | 28.11 | 26.64 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 83.77 | 64.84 | 45.72 | 57.85 | 63.69 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 289 | 473 | 767 | 923 | 1,084 | 1,219 | ||||
| Revenue/emp, $m | — | — | 0.00 | 0.00 | 0.47 | 0.52 | 0.53 | 0.62 | 0.69 | 0.79 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | 39 | 66 | 136 | 245 | 409 | 570 | 753 | 962 | ||||
| Gross margin, % | — | — | 22.23 | 28.34 | 31.88 | 37.28 | 38.67 | 40.99 | 45.09 | 45.34 | |||||
| EBT | — | — | (12) | (8) | 4 | (74) | (201) | (132) | (79) | 70 | |||||
| EBT margin, % | — | — | (29.87) | (11.40) | 2.99 | (30.26) | (49.24) | (23.12) | (10.55) | 7.33 | |||||
| Net income | — | 0 | (12) | (8) | 4 | (75) | (195) | (134) | (76) | 68 | |||||
| Depreciation | — | — | 0 | 0 | 0 | 85 | 178 | 173 | 170 | 87 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | 1,196.28 | 3.35 | 6.46 | 2.41 | 2.59 | 3.47 | 4.50 | 5.66 | ||||
| Earnings | — | — | (359.17) | (0.38) | 0.19 | (0.74) | (1.24) | (0.81) | (0.45) | 0.40 | |||||
| Cash flow | — | — | (247.28) | 0.36 | 1.39 | 0.15 | 0.57 | 0.66 | 1.01 | 1.67 | |||||
| Capex | — | — | 0.00 | (0.01) | (0.02) | (0.03) | (0.05) | (0.01) | (0.01) | (0.02) | |||||
| Free cash flow | — | — | (247.28) | 0.34 | 1.37 | 0.13 | 0.51 | 0.65 | 1.00 | 1.65 | |||||
| Book value | — | — | 0.00 | (2.70) | (2.11) | 6.84 | 5.89 | 5.49 | 5.34 | 5.49 | |||||
| Shares, m | — | — | 0 | 20 | 21 | 102 | 158 | 164 | 167 | 170 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | 151.61 | 151.61 | 151.61 | 0.00 | 0.00 | 0.00 | 0.00 | 98.28 | ||||
| P/S | — | — | 3.42 | 3.42 | 3.42 | 26.29 | 8.00 | 11.16 | 12.12 | 6.94 | |||||
| P/B | — | — | 0.00 | 0.00 | 0.00 | 9.27 | 3.53 | 7.05 | 10.21 | 7.16 | |||||
| EV/Sales | — | — | 2.91 | 2.91 | 2.91 | 24.22 | 7.44 | 10.60 | 11.49 | 6.29 | |||||
| EV/FCF | — | — | 21.80 | 21.80 | 21.80 | 461.72 | 37.59 | 56.74 | 51.78 | 21.57 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | (8) | 7 | 29 | 16 | 89 | 108 | 169 | 284 | ||||
| Capex | — | — | 0 | 0 | 0 | (3) | (8) | (2) | (2) | (3) | |||||
| Free cash flow | — | — | (8) | 7 | 29 | 13 | 81 | 106 | 167 | 281 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | (2) | 69 | 491 | 165 | 247 | 375 | 477 | ||||
| Total debt | — | — | — | 2 | 5 | 22 | 20 | — | — | — | |||||
| Net debt | — | — | — | (5) | (92) | (509) | (228) | (317) | (474) | (623) | |||||
| Shareholders’ equity | — | — | — | (53) | (45) | 696 | 928 | 902 | 893 | 933 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | 0.00 | (34.61) | 0.71 | (14.88) | (19.46) | (11.32) | (6.13) | 5.01 | ||||
| ROIC | — | — | — | 0.00 | 0.00 | (21.98) | (16.91) | (14.65) | (10.13) | 14.46 | |||||
| ROE | — | — | 0.00 | 15.47 | (1.49) | (23.01) | (24.07) | (14.62) | (8.42) | 7.48 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Global-e Online Ltd. vs peers in Internet Retail (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CPNG Coupang, Inc. | $26.6B | — (loss-making) | — (loss-making) | +3.89% (above 0%: growing) | n/m | −79.35% (below 0%: shrinking) | 28.16% | (6.28%) | Compare |
| W Wayfair Inc. | $15.3B | — (loss-making) | — (loss-making) | +7.52% (above 0%: growing) | n/m | +28.46% (above 0%: growing) | 29.95% | 2.96% | Compare |
| CART Maplebear Inc. | $11.8B | 26.2× | 17.0× | +14.11% (above 0%: growing) | +6.98% (above 0%: growing) | +157.22% (above 0%: growing) | 72.00% | 13.81% | Compare |
| CHWY Chewy | $8.6B | 31.8× | 23.1× | +7.28% (above 0%: growing) | +33.33% (above 0%: growing) | −15.49% (below 0%: shrinking) | 30.36% | 2.76% | Compare |
| ETSY Etsy, Inc. | $8.2B | 40.2× | 18.9× | +6.23% (above 0%: growing) | n/m | −64.33% (below 0%: shrinking) | 72.43% | 18.74% | Compare |
| GLBE Global-e Online Ltd. | $6.8B | 42.7× | 28.3× | +39.15% (above 0%: growing) | +366.67% (above 0%: growing) | +15.22% (above 0%: growing) | 44.10% | 14.94% | |
| VIPS Vipshop Holdings Limited | $5.2B | 4.1× | 5.1× | +1.08% (above 0%: growing) | +221.95% (above 0%: growing) | +38.25% (above 0%: growing) | 23.29% | 6.15% | Compare |
| OZON Ozon Holdings PLC Sponsored ADR | $2.4B | — (loss-making) | — (loss-making) | +31.09% (above 0%: growing) | n/m | +116.83% (above 0%: growing) | 10.69% | (9.16%) | Compare |
| RVLV Revolve Group, Inc. | $1.7B | 22.4× | 21.7× | +12.44% (above 0%: growing) | +85.71% (above 0%: growing) | −215.06% (below 0%: shrinking) | 56.61% | 6.36% | Compare |
| Median of peers | $8.4B | 26.2× | 18.9× | +7.40% | +59.52% | +6.49% | 30.16% | 4.56% |
Global-e Online Ltd. (GLBE) key facts
- Strength: Global-e Online Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $962.2 million, up 27.8% from fiscal 2024.
- Global-e Online Ltd. (GLBE) is an Internet Retail company in the Consumer Cyclical sector, traded in the US as an ADR.
- As of October 16, 2026, GLBE traded at $38.82, a market capitalization of $6.8 billion.
- Return on equity was 7.48% and debt-to-equity 0.00.
- Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 8.26 (safe zone) for fiscal 2025.