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.
- Revenue
- +39.2%
- EPS
- +366.7%
- Free cash flow
- +15.2%
Quarter to June 2026, against a year earlier
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Global-e Online Ltd. (GLBE) Altman Z-score
Global-e Online Ltd.'s Altman Z-score for fiscal 2025 is 8.26, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 8.26 | (6.72) |
| FY2024 | 14.98 | 2.16 |
| FY2023 | 12.82 | 4.90 |
| FY2022 | 7.92 | (18.33) |
| FY2021 | 26.25 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.33 | — | 0.39 | |
| Retained earnings / total assets | (0.37) | — | −0.51 | |
| EBIT / total assets | 0.05 | — | 0.16 | |
| Market value of equity / total liabilities | 12.60 | — | 7.56 | |
| Sales / total assets | 0.66 | — | 0.66 | |
| Altman Z-score | Safe zone | 8.26 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.12 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| GLBE Global-e Online Ltd. | 8.3× |
| CART Maplebear Inc. compare | 6.2× |
| CHWY Chewy compare | 5.9× |
| PTRN Pattern Group Inc. compare | 5.5× |
| VIPS Vipshop Holdings Limited compare | 3.8× |
| CPNG Coupang, Inc. compare | 3.7× |
| W Wayfair Inc. compare | 2.9× |
| JD JD.com, Inc. compare | 2.6× |
| ETSY Etsy, Inc. compare | 1.3× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on GLBE
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement