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Global-e Online Ltd. (GLBE) 10-Year Financial Performance & Capital Metrics

GLBE • • Industrial / General
Consumer CyclicalSpecialty RetailE-commerce MarketplacesCross-border E-commerce Services
AboutGlobal-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide. Global-E Online Ltd. was incorporated in 2013 and is headquartered in Petah Tikva, Israel.Show more
  • Revenue $753M +32.1%
  • EBITDA $102M +185.3%
  • Net Income -$76M +43.5%
  • EPS (Diluted) -0.45 +44.4%
  • Gross Margin 45.09% +10.0%
  • EBITDA Margin 13.5% +116.0%
  • Operating Margin -9.02% +62.5%
  • Net Margin -10.04% +57.3%
  • ROE -8.42% +42.4%
  • ROIC -7.34% +46.2%
  • Debt/Equity 0.03 +7.6%
  • Interest Coverage -5.92
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓FCF machine: 22.2% free cash flow margin
  • ✓Strong 5Y sales CAGR of 62.8%

✗Weaknesses

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y62.79%
3Y45.32%
TTM33.3%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM74.09%

EPS CAGR

10Y-
5Y-
3Y-
TTM73.91%

ROCE

10Y Avg-39.85%
5Y Avg-10.34%
3Y Avg-14.88%
Latest-7.37%

Peer Comparison

Cross-border E-commerce Services
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Momentum & Returns
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
JFBRJeffs' Brands Ltd1.77M0.56-0.4036.77%-49.67%-163.17%0.05
BZUNBaozun Inc.156.94M2.93-0.956.92%-2.09%-3.69%0.44
LITBLightInTheBox Holding Co., Ltd.51M2.79-9.96-59.44%2.48%
LGCBLinkage Global Inc Ordinary Shares17.07M1.68-81.16-19.19%-4.27%-8.35%0.42
GLBEGlobal-e Online Ltd.6.5B38.31-85.1332.08%-3.37%-3.13%2.57%0.03

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+38.64M65.85M136.38M245.27M409.05M569.95M752.76M
Revenue Growth %-0.7%1.07%0.8%0.67%0.39%0.32%
Cost of Goods Sold+30.05M47.19M92.9M153.84M250.87M336.34M413.33M
COGS % of Revenue0.78%0.72%0.68%0.63%0.61%0.59%0.55%
Gross Profit+8.59M18.66M43.47M91.43M158.18M233.6M339.43M
Gross Margin %0.22%0.28%0.32%0.37%0.39%0.41%0.45%
Gross Profit Growth %-1.17%1.33%1.1%0.73%0.48%0.45%
Operating Expenses+18.97M23.61M35.06M157.09M347.5M370.66M407.36M
OpEx % of Revenue0.49%0.36%0.26%0.64%0.85%0.65%0.54%
Selling, General & Admin9.43M11.58M19.66M127.33M266.3M273.09M301.87M
SG&A % of Revenue0.24%0.18%0.14%0.52%0.65%0.48%0.4%
Research & Development9.54M12.03M15.4M29.76M81.21M97.57M105.49M
R&D % of Revenue0.25%0.18%0.11%0.12%0.2%0.17%0.14%
Other Operating Expenses0000000
Operating Income+-10.38M-4.95M8.41M-65.66M-189.32M-137.06M-67.93M
Operating Margin %-0.27%-0.08%0.06%-0.27%-0.46%-0.24%-0.09%
Operating Income Growth %-0.52%2.7%-8.8%-1.88%0.28%0.5%
EBITDA+-10.22M-4.78M8.65M-65.33M-159.91M35.61M101.61M
EBITDA Margin %-0.26%-0.07%0.06%-0.27%-0.39%0.06%0.13%
EBITDA Growth %-0.53%2.81%-8.55%-1.45%1.22%1.85%
D&A (Non-Cash Add-back)162K171K235K331K29.42M172.67M169.54M
EBIT-10.38M-4.95M8.41M-65.66M-189.32M-137.06M-67.93M
Net Interest Income+-1.17M-2.56M-4.34M-8.57M-12.09M5.26M-11.46M
Interest Income000005.26M0
Interest Expense1.17M2.56M4.34M8.57M12.09M011.46M
Other Income/Expense-1.17M-2.56M-4.34M-8.57M-12.09M5.26M-11.46M
Pretax Income+-11.54M-7.51M4.07M-74.23M-201.42M-131.8M-79.39M
Pretax Margin %-0.3%-0.11%0.03%-0.3%-0.49%-0.23%-0.11%
Income Tax+50K34K160K705K-6.01M2.01M-3.85M
Effective Tax Rate %1%1%0.96%1.01%0.97%1.02%0.95%
Net Income+-11.59M-7.54M3.91M-74.93M-195.41M-133.81M-75.55M
Net Margin %-0.3%-0.11%0.03%-0.31%-0.48%-0.23%-0.1%
Net Income Growth %-0.35%1.52%-20.14%-1.61%0.32%0.44%
Net Income (Continuing)-11.59M-7.54M3.91M-74.93M-195.41M-133.81M-75.55M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-0.10-0.070.01-0.74-1.24-0.81-0.45
EPS Growth %-0.34%1.09%--0.68%0.35%0.44%
EPS (Basic)-0.10-0.070.01-0.74-1.24-0.81-0.45
Diluted Shares Outstanding122.07M122.07M28.64M101.74M157.69M164.35M167.32M
Basic Shares Outstanding114.55M114.55M28.64M101.74M157.69M164.35M167.32M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+26.1M39.32M153.1M622.46M374.65M520.46M723.21M
Cash & Short-Term Investments9.57M5.12M91.97M509.07M228.2M317.42M474.44M
Cash Only9.53M5.03M68.64M448.62M165.03M200.08M254.62M
Short-Term Investments39K82K23.33M60.45M63.17M117.34M219.82M
Accounts Receivable749K23.55M38.09M105.85M94.55M185.88M164.16M
Days Sales Outstanding7.08130.53101.94157.5284.37119.0479.6
Inventory010.65M045.3M0970K-4.17M
Days Inventory Outstanding-82.41-107.48-1.05-
Other Current Assets9.17M10.65M55.15M40.3M43.32M160.39M4.17M
Total Non-Current Assets+2.44M4.28M194.21M223.67M787.95M681.9M540.27M
Property, Plant & Equipment404K1.9M4.88M23.38M30M33.29M34.87M
Fixed Asset Turnover95.64x34.75x27.96x10.49x13.63x17.12x21.59x
Goodwill0000367.57M367.57M367.57M
Intangible Assets000196.54M381.42M78.02M59.21M
Long-Term Investments01.77M2.43M2.43M286.38M196.46M1.08M
Other Non-Current Assets2.04M618K186.91M200.29M5.38M6.56M77.55M
Total Assets+28.54M43.6M347.31M846.13M1.16B1.2B1.26B
Asset Turnover1.35x1.51x0.39x0.29x0.35x0.47x0.60x
Asset Growth %-0.53%6.97%1.44%0.37%0.03%0.05%
Total Current Liabilities+20.41M41.8M83.9M131.57M209.58M273.51M348.44M
Accounts Payable4.91M9.04M19.06M24.06M52.22M50.94M79.56M
Days Payables Outstanding59.6169.9274.8757.0975.9855.2870.26
Short-Term Debt0002.52M3.25M00
Deferred Revenue (Current)01000K1000K1000K1000K1000K0
Other Current Liabilities9.44M22.23M40.27M90.81M125.52M69.96M115.89M
Current Ratio1.28x0.94x1.82x4.73x1.79x1.90x2.08x
Quick Ratio1.28x0.69x1.82x4.39x1.79x1.90x2.09x
Cash Conversion Cycle-143.02-207.91-64.81-
Total Non-Current Liabilities+054.83M121.91M18.8M24.9M26.87M21.61M
Long-Term Debt0000000
Capital Lease Obligations0849K3.51M18.8M16.58M19.29M20.51M
Deferred Tax Liabilities038K105K06.56M6.51M0
Other Non-Current Liabilities053.95M118.29M01.76M1.07M1.1M
Total Liabilities20.41M96.63M205.81M150.38M234.48M300.38M370.05M
Total Debt+01.44M4.43M21.32M19.82M23.32M24.86M
Net Debt-9.53M-3.6M-64.21M-427.3M-145.21M-176.76M-229.76M
Debt / Equity--0.03x0.03x0.02x0.03x0.03x
Debt / EBITDA--0.51x--0.65x0.24x
Net Debt / EBITDA---7.42x---4.96x-2.26x
Interest Coverage-8.91x-1.93x1.94x-7.66x-15.66x--5.92x
Total Equity+8.09M-53.03M141.5M695.75M928.12M901.98M893.43M
Equity Growth %--7.56%3.67%3.92%0.33%-0.03%-0.01%
Book Value per Share0.07-0.434.946.845.895.495.34
Total Shareholders' Equity8.09M-53.03M141.5M695.75M928.12M901.98M893.43M
Common Stock000823.55M1.25B00
Retained Earnings-49.08M-56.62M-52.71M-127.64M-323.05M-456.85M-532.4M
Treasury Stock0000000
Accumulated OCI00111K-159K-1.93M-1.42M515K
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-7.99M7.03M29.35M15.75M81.48M108.22M169.39M
Operating CF Margin %-0.21%0.11%0.22%0.06%0.2%0.19%0.23%
Operating CF Growth %-1.88%3.18%-0.46%4.17%0.33%0.57%
Net Income-11.59M-7.54M3.91M-74.93M-195.41M-133.81M-75.55M
Depreciation & Amortization162K171K235K331K29.42M172.67M169.54M
Stock-Based Compensation219K221K3.96M12M38.91M44.96M39.16M
Deferred Taxes45K-7K52K116K-8.18M00
Other Non-Cash Items-3.34M12K-52K24K7.03M-2.57M25.45M
Working Capital Changes3.23M14.18M21.25M78.21M209.71M26.97M10.8M
Change in Receivables-332K-1.19M-1.65M-5.59M2.66M-22.49M-13.33M
Change in Inventory2.46M11.49M13.26M24K000
Change in Payables1.31M4.13M10.02M5.01M16.65M-1.28M28.62M
Cash from Investing+-1.61M-452K-24.05M-40.49M-330.1M-55.04M-105.12M
Capital Expenditures-108K-264K-456K-2.88M-8.35M-1.74M-2.33M
CapEx % of Revenue0%0%0%0.01%0.02%0%0%
Acquisitions-------
Investments-------
Other Investing-1.5M-188K-23.59M-16.76M-4.27M-53.3M0
Cash from Financing+19.97M147K59.36M398.61M1.24M1.99M3.28M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing93K147K539K2.11M1.24M1.99M0
Net Change in Cash-------
Free Cash Flow+-8.1M6.76M28.89M12.87M73.13M106.48M167.06M
FCF Margin %-0.21%0.1%0.21%0.05%0.18%0.19%0.22%
FCF Growth %-1.84%3.27%-0.55%4.68%0.46%0.57%
FCF per Share-0.070.061.010.130.460.651.00
FCF Conversion (FCF/Net Income)0.69x-0.93x7.50x-0.21x-0.42x-0.81x-2.24x
Interest Paid0000000
Taxes Paid8K65K68K5K249K729K2.6M

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-143.34%-8.85%-17.9%-24.07%-14.62%-8.42%
Return on Invested Capital (ROIC)--61.06%-28.49%-27.01%-13.63%-7.34%
Gross Margin22.23%28.34%31.88%37.28%38.67%40.99%45.09%
Net Margin-30%-11.46%2.87%-30.55%-47.77%-23.48%-10.04%
Debt / Equity--0.03x0.03x0.02x0.03x0.03x
Interest Coverage-8.91x-1.93x1.94x-7.66x-15.66x--5.92x
FCF Conversion0.69x-0.93x7.50x-0.21x-0.42x-0.81x-2.24x
Revenue Growth-70.42%107.09%79.85%66.77%39.33%32.08%

Revenue by Segment

2021202220232024
Fulfillment Services148.62M227.16M307.69M402.45M
Fulfillment Services Growth-52.85%35.45%30.80%
Service Fees96.66M181.89M262.25M350.31M
Service Fees Growth-88.17%44.19%33.58%

Revenue by Geography

2021202220232024
UNITED STATES71.09M173.97M285.62M399.6M
UNITED STATES Growth-144.70%64.18%39.91%
UNITED KINGDOM113.83M146.56M173.58M182.9M
UNITED KINGDOM Growth-28.75%18.44%5.37%
European Union58.18M78.49M92.57M125.55M
European Union Growth-34.92%17.93%35.63%
Other Countries1.11M8.67M16.37M41.97M
Other Countries Growth-677.76%88.78%156.37%
ISRAEL1.05M1.36M1.81M2.75M
ISRAEL Growth-28.99%33.09%52.05%

Frequently Asked Questions

Growth & Financials

Global-e Online Ltd. (GLBE) reported $843.6M in revenue for fiscal year 2024. This represents a 2083% increase from $38.6M in 2018.

Global-e Online Ltd. (GLBE) grew revenue by 32.1% over the past year. This is strong growth.

Global-e Online Ltd. (GLBE) reported a net loss of $28.4M for fiscal year 2024.

Dividend & Returns

Global-e Online Ltd. (GLBE) has a return on equity (ROE) of -8.4%. Negative ROE indicates the company is unprofitable.

Global-e Online Ltd. (GLBE) generated $149.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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