Global-e Online Ltd.
- Open
- 39.73
- Day high
- 39.95
- Day low
- 37.06
- Prev close
- 39.95
- Volume
- 1.8M
- Mkt cap
- $6.3B
- P/E (TTM)
- 41.3
- EPS (TTM)
- $0.90
- P/B
- 6.9
- P/S
- 5.7
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$32.8M over the last 3 months (0 open-market buys, 37 sales)
- 🏛Institutions accumulating (13F)
Global-e Online Ltd. (GLBE) is a Consumer Cyclical company listed on NASDAQ. The stock is up 16% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 37 sales (SEC Form 4).
Global-e Online Ltd. (GLBE) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
GLBE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 12, 2026 | $0.22 | $0.27 | +24.1% | $299M | +5.7% |
| May 13, 2026 | $0.18 | $0.17 | -5.6% | $252M | +0.7% |
| Feb 18, 2026 | $0.30 | $0.35 | +16.7% | $337M | +2.4% |
| Nov 19, 2025 | $0.07 | $0.07 | -2.6% | $221M | +0.8% |
| Aug 13, 2025 | $0.02 | $0.06 | +200.0% | $215M | -1.4% |
| May 14, 2025 | $-0.13 | $-0.11 | +12.4% | $190M | +1.1% |
| Feb 19, 2025 | $-0.01 | $0.01 | +200.0% | $263M | +40.0% |
| Nov 20, 2024 | $-0.15 | $-0.13 | +13.3% | $176M | +4.1% |
| Aug 14, 2024 | $-0.15 | $-0.13 | +16.0% | $168M | +1.2% |
| May 20, 2024 | $-0.21 | $-0.19 | +11.4% | $146M | +3.1% |
| Feb 21, 2024 | $-0.13 | $-0.13 | +0.0% | $185M | +1.9% |
| Nov 15, 2023 | $-0.24 | $-0.20 | +16.7% | $134M | -5.1% |
GLBE insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 24, 2026 | Tamari Shahardirector, officer: COO | Sell | 24,999 | $41.63 |
| Aug 19, 2026 | Schlachet Amirdirector, officer: CEO | Sell | 24,999 | $41.37 |
| Aug 18, 2026 | Debbi Nirdirector, officer: President | Sell | 14,582 | $41.18 |
| Aug 17, 2026 | Schlachet Amirdirector, officer: CEO | Sell | 100,000 | $42.10 |
| Aug 17, 2026 | Schlachet Amirdirector, officer: CEO | Sell | 81,556 | $42.30 |
| Aug 13, 2026 | Schlachet Amirdirector, officer: CEO | Sell | 16,814 | $42.41 |
| Aug 11, 2026 | Schlachet Amirdirector, officer: CEO | Sell | 322 | $42.07 |
| Aug 10, 2026 | Schlachet Amirdirector, officer: CEO | Sell | 100,000 | $42.20 |
| Aug 6, 2026 | Schlachet Amirdirector, officer: CEO | Sell | 1,308 | $42.09 |
| Aug 6, 2026 | Tamari Shahardirector, officer: COO | Sell | 24,999 | $41.59 |
| Aug 5, 2026 | Schlachet Amirdirector, officer: CEO | Sell | 24,999 | $41.23 |
| Aug 4, 2026 | Debbi Nirdirector, officer: President | Sell | 14,582 | $40.11 |
| Jul 20, 2026 | Tamari Shahardirector, officer: COO | Sell | 24,999 | $37.98 |
| Jul 17, 2026 | Debbi Nirdirector, officer: President | Sell | 600 | $38.45 |
| Jul 17, 2026 | Schlachet Amirdirector, officer: CEO | Sell | 24,999 | $38.44 |
Source: GLBE SEC Form 4 filings, latest Aug 24, 2026. For informational purposes only — not investment advice.
See the full GLBE insider & 13F page →Global-e Online Ltd. company profile
Overview
Global-e Online Ltd. (NASDAQ:GLBE) is an Israeli technology company that provides a comprehensive platform enabling direct-to-consumer cross-border e-commerce. Founded in 2013 and headquartered in Petah Tikva, Israel, the company went public in May 2021. Global-e has rapidly evolved from a startup to a leading player in the international e-commerce enablement space, serving major brands and retailers worldwide by simplifying the complexities of selling across international borders.
Business
Global-e operates in the cross-border e-commerce enablement industry, providing a technology platform that allows online retailers to sell their products internationally without the typical barriers and complexities. The company's core offering is a comprehensive direct-to-consumer (D2C) cross-border platform that handles the entire international shopping experience from checkout to delivery. The platform addresses fundamental challenges in international e-commerce: currency conversion, local payment methods, customs duties, international shipping, tax compliance, and localized customer service. When a consumer in France wants to buy from a U.S. retailer, Global-e's platform automatically converts prices to euros, offers local payment options like SEPA, calculates and collects duties upfront, and provides French-language customer support. Global-e's business operates through several key segments. The Service Fee Revenue segment, representing approximately 45% of total revenue, generates income through transaction-based fees on gross merchandise value (GMV). The Fulfillment Services Revenue segment, accounting for roughly 55% of revenue, includes logistics, warehousing, and shipping services. The company has also launched Borderfree.com, a demand generation platform that helps drive traffic to merchant websites, though this represents a smaller portion of current revenue. The company serves merchants ranging from small-to-medium businesses through its Shopify partnership to large enterprise clients like Victoria's Secret, Adidas, Disney, and LVMH brands. Global-e has expanded its reach from 9 outbound markets at IPO to 39 markets currently, shipping to over 224 countries and territories worldwide.
Revenue model
Global-e operates on a transaction-based revenue model with two primary income streams. The company earns service fees as a percentage of gross merchandise value (GMV) processed through its platform, typically ranging from 3-8% depending on the complexity of services provided. Additionally, it generates fulfillment services revenue through logistics, warehousing, and shipping services, charging merchants for the physical movement and handling of goods. The company's customers are primarily e-commerce merchants and brands seeking to expand internationally. These range from enterprise clients like Victoria's Secret and Adidas, who pay for comprehensive cross-border solutions, to smaller merchants accessing the platform through partnerships like Shopify Markets Pro. Global-e also serves as a technology partner to platforms like Shopify, enabling their merchants to sell internationally. Several factors influence Global-e's margins positively. Scale economies improve as GMV grows, allowing the company to negotiate better rates with logistics partners and spread fixed technology costs across more transactions. The company's multi-local strategy, where goods are stored in regional warehouses closer to end consumers, can reduce shipping costs and improve delivery times. Value-added services like duty drawback, returns management, and demand generation provide higher-margin revenue opportunities. Conversely, margin pressures come from increased tariffs and trade barriers, which can reduce cross-border shopping demand. Currency fluctuations affect both merchant willingness to sell internationally and consumer purchasing power. Rising logistics costs, particularly international shipping rates, directly impact fulfillment margins. Additionally, as merchants adopt multi-local strategies to avoid tariffs, Global-e's take rates may decrease as transactions become more localized, though this is partially offset by increased volume and reduced fulfillment costs.
Competitive moat
Global-e's competitive moat is moderately strong but not impregnable, built primarily on network effects and operational complexity. The company benefits from two-sided network effects where more merchants attract more consumers and vice versa, creating a virtuous cycle. As Global-e processes more transactions, it gains valuable data insights that improve fraud detection, currency optimization, and customer experience, making the platform more attractive to new merchants. The company's operational complexity moat is significant, as cross-border e-commerce involves navigating hundreds of different tax regimes, customs procedures, payment methods, and regulatory requirements across 39+ markets. This creates substantial barriers to entry for new competitors and switching costs for existing merchants who would need to rebuild these capabilities elsewhere. Global-e's relationships with logistics providers, payment processors, and regulatory authorities in multiple countries represent years of accumulated institutional knowledge. However, the moat faces several competitive threats. Large technology platforms like Amazon, Google, or major payment processors could potentially build competing solutions leveraging their existing infrastructure and merchant relationships. Regional specialists in specific markets might offer more tailored solutions for particular geographies. Additionally, direct merchant investment in international capabilities could reduce dependence on third-party platforms, particularly for the largest retailers. The company's moat is strengthened by its Shopify partnership, which provides access to hundreds of thousands of potential merchants, and its focus on enterprise clients who value comprehensive, white-glove service over cost alone. However, the competitive landscape remains dynamic, and Global-e must continue innovating and expanding its service offerings to maintain its position.
Risks & safety
Global-e demonstrates a strong margin of safety from a financial stability perspective, though valuation metrics suggest limited safety for investors at current prices. **Cash Position and Solvency:** - Strong balance sheet with $254.6 million in cash and short-term investments as of Q4 2024 - Positive free cash flow of $167 million for full year 2024, indicating self-funding capability - Low debt-to-equity ratio of 0.028, minimal financial leverage risk - Current ratio of 2.08 provides adequate liquidity cushion - Recently achieved GAAP profitability for the first time in Q4 2024 **Valuation Metrics:** - High EV/EBITDA ratio of 47.1x based on Q4 2024 trailing metrics - Price-to-book ratio of 10.3x suggests premium valuation - Graham number of 1.03 indicates stock trading above conservative valuation metrics - Forward-looking metrics more favorable with company expecting $1 billion revenue run rate in H2 2025 **Other Considerations:** - Strong revenue growth trajectory (42% in 2024) supports premium valuation - Transition to profitability reduces execution risk - Exposure to macroeconomic factors and consumer spending patterns - Regulatory risks from changing international trade policies and tariff structures
Recent development
Over the past few years, Global-e has executed several strategic pivots and product developments that have transformed its business model and market position. The company has dramatically expanded its geographic footprint from 9 outbound markets at IPO to 39 markets currently, enabling merchants to reach consumers across 224 countries and territories. A key strategic development has been the multi-local strategy, where Global-e helps merchants establish regional inventory positions to reduce shipping times and costs while navigating tariff complexities. This approach has become increasingly important as trade barriers and tariff concerns grow, positioning Global-e as a solution provider rather than just a cross-border facilitator. The company has significantly enhanced its technology platform with artificial intelligence capabilities, including an AI-powered customer service chatbot and AI-assisted content localization tools. These innovations improve operational efficiency and customer experience while reducing costs. Global-e has also developed comprehensive duty drawback platforms and enhanced returns management capabilities. Partnership expansion has been central to growth strategy, particularly the deepening relationship with Shopify through the Markets Pro solution, which now serves as a white-label merchant-of-record service. The company has also launched Borderfree.com, a demand generation platform that helps drive traffic to merchant websites, representing a new revenue stream beyond transaction fees. The enterprise client focus has intensified, with major launches including Victoria's Secret, Adidas, Disney, LVMH brands, and various luxury retailers. These relationships often involve comprehensive, multi-year implementations that provide more predictable revenue streams and higher switching costs.
GLBE company profile · for informational purposes only — not investment advice.
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