The company maintains a conservative financial position with a 0.03 debt-to-equity ratio and a healthy current ratio of 2.25 as of 2026Q1.
| Total Current Assets | 831.93M | 986.66M | 723.21M | 520.46M | 374.65M | 622.46M | 153.1M | 39.32M | 26.1M |
| Cash & Short-Term Investments | 552.53M | 622.84M | 474.44M | 317.42M | 228.2M | 509.07M | 91.97M | 5.12M | 9.57M |
| Cash Only | 175.2M | 245.86M | 254.62M | 200.08M | 165.03M | 448.62M | 68.64M | 5.03M | 9.53M |
| Short-Term Investments | 377.33M | 376.98M | 219.82M | 117.34M | 63.17M | 60.45M | 23.33M | 82K | 39K |
| Accounts Receivable | 160.33M | 331.03M | 164.16M | 185.88M | 94.55M | 105.85M | 38.09M | 23.55M | 749K |
| Days Sales Outstanding | 67.23 | 125.57 | 79.6 | 119.04 | 84.37 | 157.52 | 101.94 | 130.53 | 7.08 |
| Inventory | 0 | 0 | -4.17M | 970K | 0 | 45.3M | 0 | 10.65M | 0 |
| Days Inventory Outstanding | - | - | - | 1.05 | - | 107.48 | - | 82.41 | - |
| Other Current Assets | 119.08M | 10.76M | 4.17M | 160.39M | 43.32M | 40.3M | 55.15M | 10.65M | 9.17M |
| Total Non-Current Assets | 469.46M | 476.13M | 540.27M | 681.9M | 787.95M | 223.67M | 194.21M | 4.28M | 2.44M |
| Property, Plant & Equipment | 31.8M | 31.73M | 34.87M | 33.29M | 30M | 23.38M | 4.88M | 1.9M | 404K |
| Fixed Asset Turnover | 31.48x | 30.32x | 21.59x | 17.12x | 13.63x | 10.49x | 27.96x | 34.75x | 95.64x |
| Goodwill | 375.4M | 375.4M | 367.57M | 367.57M | 367.57M | 0 | 0 | 0 | 0 |
| Intangible Assets | 46.41M | 52.38M | 59.21M | 78.02M | 98.46M | 196.54M | 0 | 0 | 0 |
| Long-Term Investments | 29.4M | 11.84M | 1.08M | 196.46M | 286.38M | 2.43M | 2.43M | 1.77M | 0 |
| Other Non-Current Assets | 15.86M | 4.77M | 77.55M | 6.56M | 5.38M | 200.29M | 186.91M | 618K | 2.04M |
| Total Assets | 1.3B | 1.46B | 1.26B | 1.2B | 1.16B | 846.13M | 347.31M | 43.6M | 28.54M |
| Asset Turnover | 0.78x | 0.66x | 0.60x | 0.47x | 0.35x | 0.29x | 0.39x | 1.51x | 1.35x |
| Asset Growth % | 42.99% | 15.77% | 5.08% | 3.42% | 37.4% | 143.63% | 696.59% | 52.77% | - |
| Total Current Liabilities | 369.63M | 509.95M | 348.44M | 273.51M | 209.58M | 131.57M | 83.9M | 41.8M | 20.41M |
| Accounts Payable | 182M | 91.58M | 79.56M | 50.94M | 52.22M | 24.06M | 19.06M | 9.04M | 4.91M |
| Days Payables Outstanding | 62.67 | 63.56 | 70.26 | 55.28 | 75.98 | 57.09 | 74.87 | 69.92 | 59.61 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 3.25M | 2.52M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 79.19M | 79.19M | 0 | 10.52M | 9.16M | 7.43M | 4.42M | 31.55M | 0 |
| Other Current Liabilities | 0 | 30.45M | 115.89M | 69.96M | 125.52M | 90.81M | 40.27M | 22.23M | 9.44M |
| Current Ratio | 2.25x | 1.93x | 2.08x | 1.90x | 1.79x | 4.73x | 1.82x | 0.94x | 1.28x |
| Quick Ratio | 2.25x | 1.93x | 2.09x | 1.90x | 1.79x | 4.39x | 1.82x | 0.69x | 1.28x |
| Cash Conversion Cycle | 4.56 | - | - | 64.81 | - | 207.91 | - | 143.02 | - |
| Total Non-Current Liabilities | 20.37M | 20.15M | 21.61M | 26.87M | 24.9M | 18.8M | 121.91M | 54.83M | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 76.18M | 18.45M | 20.51M | 19.29M | 16.58M | 18.8M | 3.51M | 849K | 0 |
| Deferred Tax Liabilities | 1.03M | 286K | 0 | 6.51M | 6.56M | 0 | 105K | 38K | 0 |
| Other Non-Current Liabilities | 1.44M | 1.42M | 1.1M | 1.07M | 1.76M | 0 | 118.29M | 53.95M | 0 |
| Total Liabilities | 389.99M | 530.1M | 370.05M | 300.38M | 234.48M | 150.38M | 205.81M | 96.63M | 20.41M |
| Total Debt | 23.9M | 23.5M | 24.86M | 23.32M | 19.82M | 21.32M | 4.43M | 1.44M | 0 |
| Net Debt | -151.3M | -222.36M | -229.76M | -176.76M | -145.21M | -427.3M | -64.21M | -3.6M | -9.53M |
| Debt / Equity | 0.03x | 0.03x | 0.03x | 0.03x | 0.02x | 0.03x | 0.03x | - | - |
| Debt / EBITDA | 0.16x | 0.25x | 0.24x | 0.65x | - | - | 0.51x | - | - |
| Net Debt / EBITDA | -1.03x | -2.40x | -2.26x | -4.96x | - | - | -7.42x | - | - |
| Interest Coverage | 22.63x | 61.20x | -5.92x | - | -15.66x | -7.66x | 1.94x | -1.93x | -8.91x |
| Total Equity | 911.39M | 932.68M | 893.43M | 901.98M | 928.12M | 695.75M | 141.5M | -53.03M | 8.09M |
| Equity Growth % | 18.24% | 4.39% | -0.95% | -2.82% | 33.4% | 391.69% | 366.83% | -755.66% | - |
| Book Value per Share | 5.24 | 5.30 | 5.34 | 5.49 | 5.89 | 6.84 | 4.94 | -0.43 | 0.07 |
| Total Shareholders' Equity | 911.39M | 932.68M | 893.43M | 901.98M | 928.12M | 695.75M | 141.5M | -53.03M | 8.09M |
| Common Stock | 1.48B | 0 | 0 | 0 | 1.25B | 823.55M | 0 | 0 | 0 |
| Retained Earnings | -564.94M | -536.35M | -532.4M | -456.85M | -323.05M | -127.64M | -52.71M | -56.62M | -49.08M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 40K | 2.8M | 515K | -1.42M | -1.93M | -159K | 111K | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Working capital volatility
According to recent financial filings, GLBE has expanded its total asset base from $1.1 billion in 2024Q1 to $1.3 billion by 2026Q1, reflecting a consistent growth trajectory that supports the company's scaling operations within the cross-border e-commerce ecosystem despite ongoing fluctuations in quarterly liquidity.
The steady growth in assets suggests that the company is successfully reinvesting in its platform capabilities to capture higher GMV volumes. Investors should monitor whether this asset expansion continues to outpace liability growth, as the current trajectory indicates a strengthening balance sheet foundation.
As reported in quarterly balance sheets, GLBE maintains a negligible debt-to-equity ratio of 0.03, with total debt remaining essentially flat at approximately $23.9 million in 2026Q1, signaling a conservative capital structure that prioritizes financial independence over aggressive debt-funded expansion strategies.
This near-zero leverage profile provides the company with significant optionality for future M&A or strategic investments without the burden of interest coverage constraints. The lack of reliance on external debt financing appears to be a deliberate choice, reinforcing the company's ability to navigate cyclical downturns in consumer spending.
Based on the provided figures, GLBE maintains a current ratio of 2.25 as of 2026Q1, which suggests a healthy liquidity buffer capable of absorbing the significant working capital swings inherent in the company's merchant-of-record business model and seasonal fulfillment requirements.
While the current ratio remains robust, the absolute cash position has shown volatility, dropping from $245.9 million in 2025Q4 to $175.2 million in 2026Q1. This fluctuation warrants close monitoring, as it may reflect the timing of large-scale payments to logistics partners or shifts in seasonal inventory-related obligations.
Financial disclosures reveal that goodwill accounts for $375.4 million of the $1.3 billion total asset base as of 2026Q1, representing a substantial portion of equity that could become a source of volatility should the performance of acquired entities fail to meet long-term growth expectations.
The reliance on intangible assets suggests that the company's book value is sensitive to the success of its inorganic growth strategy, particularly the integration of legacy platforms. Investors should remain cautious, as any future impairment charges could disproportionately impact the company's reported equity and overall balance sheet health.
Quick answers to the most common questions about buying GLBE stock.
As of 2025, Global-e Online Ltd. (GLBE) had total assets of $1.46B including $986.7M in current assets.
Global-e Online Ltd. (GLBE) carries total debt of $23.5M, offset by $622.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Global-e Online Ltd. (GLBE) has total shareholders' equity (book value) of $932.7M ($5.30 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Global-e Online Ltd. (GLBE) reported a current ratio of 1.93x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.