Global-E Online (GLBE) Company Report

Global-e (GLBE) enables international direct-to-consumer e-commerce for brands, providing an end-to-end localization suite, acting as Merchant of Record, and using data to achieve an average of 40%+ uplift in international conversion rates.
In 2025, Global-e experienced a relatively stable year with solid trading, driven by existing merchant growth and successful new merchant onboarding, including strong volumes during Black Friday Cyber Monday.
The company's go-to-market strategy has evolved, with over 50% of leads generated through channel partners and new initiatives leveraging AI for lead qualification and top-of-funnel generation.
For 2026, key priorities include continued expansion in APAC, optimizing solutions for tariff dynamics, the anticipated relaunch of Managed Markets V2, and a focus on bottom-line growth.
Changes to the Shopify agreement include a lower revenue share paid to Shopify on the 3P side, positively impacting Global-e's bottom line, and a revised P&L structure for Managed Markets V2 that is expected to have a slightly diluted but not significant impact on the bottom line.

3 days ago

Transcript

Global-e Discusses Strong 2025 Performance, 2026 Priorities, and Shopify Agreement Impact

GLBE

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Global-e reported a stable 2025 with solid trading, driven by existing merchant growth and successful new merchant onboarding, including strong volumes during the Black Friday Cyber Monday weekend.
For 2026, the company is prioritizing bottom-line growth and is on track to achieve its long-term targets. Strategic focus areas include expanding in APAC (Japan, South Korea, Australia, Hong Kong, Taiwan) and relaunching the Shopify Managed Markets V2.
Changes to the Shopify agreement are expected to have a positive impact on Global-e's bottom line due to a lower revenue share paid to Shopify for 3P merchants, already reflected in the Q4 guide. The Managed Markets V2 will have a slightly diluted but not significant bottom-line impact, representing approximately 4% of current GMV.
Longer-term, Global-e sees a 90% greenfield market opportunity, benefiting from secular trends in e-commerce, direct-to-consumer sales, and international growth, with Managed Markets having the potential to become a multi-billion-dollar GMV business.

3 days ago

Transcript

Global-E Discusses 2025 Performance, 2026 Priorities, and Long-Term Growth Strategy at UBS Conference

GLBE

New Projects/Investments

Revenue Acceleration/Inflection

Global-E reported a stable year with solid trading and good consumption behavior in 2025, driven by existing merchants and successful new merchant onboarding, including Aritzia.
The company's go-to-market strategy has evolved, with over 50% of leads generated through channel partners and new AI-based tools being deployed to accelerate top-of-funnel generation in a market estimated to be 90% greenfield.
For 2026, Global-E's priorities include expanding in APAC, optimizing merchant solutions (e.g., multi-local, tariff dynamics), and the relaunch of Shopify Managed Markets V2. The company aims to prioritize bottom-line growth and is on track to achieve its long-term targets.
Changes to the Shopify agreement will result in a lower revenue share payment to Shopify for 3P merchants, positively impacting Global-E's bottom line. For Managed Markets V2, the P&L structure will change, leading to a slightly diluted but not significantly impacted bottom line.

3 days ago

Transcript

Global-e Reports Strong Black Friday-Cyber Monday Sales Growth

GLBE

Revenue Acceleration/Inflection

Global-e (GLBE) reported a 36% year-over-year increase in sales over the 2025 Black Friday-Cyber Monday (BFCM) weekend.
E-commerce sales through Global-e's platforms during the extended promotional season, which began in early November and included BFCM, grew by 37% compared to the equivalent period last year.
This strong performance led Global-e to cross the milestone of $1 billion in GMV in a single month for the first time.
Black Friday (November 28th) accounted for 31% of total BFCM weekend sales, while Cyber Monday (December 1st) represented 22% of the weekend's activity.

5 days ago

Press Release

Global-e Reports Strong Q3 2025 Results and Raises Full-Year Guidance

GLBE

Earnings

Guidance Update

Share Buyback

Global-e reported strong Q3 2025 financial results, with GMV reaching $1.51 billion, a 33% year-over-year increase, and revenue of $220.8 million, up 25% year-over-year.
Adjusted EBITDA for Q3 2025 was $41.3 million, up 33% year-over-year, achieving an 18.7% margin, and GAAP net profit was $13.2 million. The company also generated $73.6 million in free cash flow, an increase of almost 250% compared to the prior year.
The company raised its full-year 2025 guidance across all metrics, now projecting GMV of approximately $6.46 billion, revenue of $952.1 million, and adjusted EBITDA of $192.8 million at their respective midpoints, representing 33%, 26.5%, and 37% growth rates for the year.
Global-e's board authorized a $200 million share repurchase program, with buybacks anticipated to begin in Q4 2025.
Strategic updates include significant progress on the Managed Markets solution with Shopify, currently in beta testing for a 2026 rollout, and the expansion of its duty drawback offering to U.S.-based merchants.

Nov 19, 2025, 1:00 PM

Transcript

Global-e Announces Strong Q3 2025 Results, Raises Full-Year Guidance, and Authorizes Share Repurchase Program

GLBE

Earnings

Guidance Update

Share Buyback

Global-e reported strong Q3 2025 results, with GMV of $1.51 billion (up 33% year-over-year), revenue of $221 million (up 25.5% year-over-year), and adjusted EBITDA of $41.3 million (up 33% year-over-year). The company also achieved a GAAP net profit of $13.2 million and generated $73.6 million in free cash flow, an increase of almost 250% compared to Q3 2024.
The company raised its full-year 2025 guidance, now expecting GMV of roughly $6.46 billion, revenue of $952.1 million, and adjusted EBITDA of $192.8 million at the midpoint. Global-e anticipates 2025 to be its first GAAP profitable year as a public company.
Global-e announced the authorization of a $200 million share repurchase program by its board, with plans to begin executing the buyback in Q4 2025.
For Q4 2025, the company expects GMV in the range of $2.195 billion-$2.315 billion, revenue between $318.5 million-$334.5 million, and adjusted EBITDA from $74.3 million-$88.7 million.

Nov 19, 2025, 1:00 PM

Transcript

Global-e Reports Strong Q3 2025 Results, Raises Full-Year Guidance, and Authorizes Share Repurchase

GLBE

Earnings

Guidance Update

Share Buyback

Global-e reported strong Q3 2025 results, with GMV increasing 33% year-over-year to $1.51 billion and revenue growing 25.5% year-over-year to $221 million. Adjusted EBITDA rose 33% to $41.3 million, achieving an 18.7% margin.
The company raised its full-year 2025 guidance, now projecting GMV of approximately $6.46 billion, revenue of $952.1 million, and adjusted EBITDA of $192.8 million at the midpoints. Global-e expects 2025 to be its first GAAP profitable year as a public company.
Global-e's board authorized a $200 million share repurchase program, with plans to begin execution in Q4 2025.
Key business developments include increased interest in its duty drawback offering, particularly for U.S. exports, and progress on the managed market solution with Shopify, which is in beta testing for a 2026 rollout.

Nov 19, 2025, 1:00 PM

Transcript

Global-E Online Ltd. Reports Strong Q3 2025 Results and Raises Full-Year Guidance

GLBE

Earnings

Guidance Update

Share Buyback

Global-E Online Ltd. reported strong Q3 2025 financial results, with GMV increasing 33% year-over-year to $1,512 million, revenue growing 25% to $220.8 million, and Adjusted EBITDA increasing 33% to $41.3 million.
The company achieved a net profit of $13.2 million in Q3 2025, compared to a net loss in Q3 2024, and Free Cash Flow increased 246% year-over-year to $73.6 million.
Global-E raised its full-year 2025 guidance, projecting FY 2025 Revenue between $944.1 million and $960.1 million and Adjusted EBITDA between $185.6 million and $200.0 million.
The Board authorized a $200 million share repurchase program.

Nov 19, 2025, 12:00 PM

6-K

LEEF Brands Reports Strong Q3 2025 Financial Results

GLBE

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

LEEF Brands reported Q3 2025 revenue of $8.4 million, a 24% increase from Q3 2024, and its gross margin more than doubled to 45% from 22% in the prior year, driven by lower input costs and higher-margin sales in New York.
The company achieved positive Adjusted EBITDA of $0.7 million and positive free cash flow of $0.2 million in Q3 2025, compared to negative figures in Q3 2024, reflecting increased gross margins and disciplined expense management.
Operational highlights include a successful first harvest at Salisbury Canyon Ranch and the launch of solventless operations in New York after securing a Type 1 Processor License.
LEEF Brands also completed an oversubscribed $1.5 million private placement during the quarter.

Nov 4, 2025, 9:01 PM

Press Release

Global-e Makes Shop Pay Available for Shopify Merchants

GLBE

Product Launch

New Projects/Investments

Global-e (NASDAQ: GLBE) has announced that Shop Pay's one-click checkout option is now available for its Shopify platform-based merchants.
This integration allows merchants to offer an accelerated checkout experience with pre-filled details to international shoppers, which is expected to drive conversion and enhance customer loyalty.
The availability of Shop Pay builds on a multi-year strategic partnership agreement between Global-e and Shopify, signed in May 2025, which provides Global-e with exclusive access to certain Shopify features.

Oct 15, 2025, 12:00 PM

Press Release