NASDAQ$GLBE
Global-E Online Ltd · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Global-E reported strong Q1 results with solid revenue and GMV growth, though it continued to post a net loss.
Global-E delivered a robust Q1 2025 performance with a 30% year-over-year increase in revenue and a significant boost in GMV. Despite posting a net loss, the company improved its profitability metrics and strengthened its partnership with Shopify.
- Revenue grew to $189,882,000, driven by both service and fulfillment segments.
- Gross Merchandise Value increased by 34% YoY to $1,242,514,000.
- Net loss narrowed significantly to $17,856,000 from $32,051,000 YoY.
- Shopify partnership renewed and expanded for three more years, supporting future growth.
Headline financials
Revenue & EPS history
Global-E · Revenue · Quarterly
$190M
Revenue by segment
Global-E · $252M total across 2 segments · Q1 2026
- Fulfillment services$131M—52.1%
- Service fees$121M—47.9%
Forward guidance
Global-E maintained its FY 2025 guidance and issued Q2 projections with continued revenue and EBITDA growth expectations.
Tailwinds
- Q2 2025 GMV forecasted between $1.387B and $1.427B
- Q2 revenue projected between $204M and $211M
- Q2 Adjusted EBITDA expected between $35M and $39M
- Full year GMV guidance reaffirmed between $6.19B and $6.49B
- Strong merchant pipeline and geographic expansion initiatives underway
Headwinds
- Net losses continue, despite narrowing
- Macroeconomic volatility and tariff uncertainties persist
- Significant decline in cash from operations
- High dependence on key partnerships like Shopify
- Ongoing costs related to platform enhancements and global expansion
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2025
-1.4%
Avg return
Earnings day
-1.7%
Avg return
5 days after
+1.2%
Avg return
30 days after
43%
10 / 23 earnings
Positive
+34.2%
Q2 2022
Best reaction
-23.0%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -8.6% | +7.5% | +17.2% | |
| Q4 2026 | +17.2% | -4.2% | +8.6% | |
| Q3 2025 | -4.4% | +4.0% | +8.6% | |
| Q2 2025 | -8.5% | -4.2% | +5.0% | |
| Q1 2025 | -19.2% | -22.9% | -24.6% | |
| Q4 2024 | -17.8% | -28.8% | -38.8% | |
| Q3 2024 | +16.7% | +21.7% | +28.2% | |
| Q2 2024 | -3.3% | +4.2% | +9.8% | |
| Q1 2024 | +3.1% | +1.0% | +5.9% | |
| Q4 2023 | -19.6% | -17.0% | -8.9% | |
| Q3 2023 | -23.0% | -19.1% | -0.4% | |
| Q2 2023 | -10.0% | -9.7% | +2.3% | |
| Q1 2023 | -8.7% | -10.4% | +4.7% | |
| Q4 2022 | +14.0% | +11.5% | +11.8% | |
| Q3 2022 | -20.2% | -26.4% | -22.4% | |
| Q2 2022 | +34.2% | +25.5% | +27.1% | |
| Q1 2022 | +10.3% | -4.8% | -8.9% | |
| Q4 2019 | +11.1% | +7.1% | -25.2% | |
| Q4 2020 | +11.1% | +7.1% | -25.2% | |
| Q4 2021 | +7.4% | +0.7% | -8.0% | |
| Q3 2021 | -15.6% | -3.7% | +8.6% | |
| Q2 2021 | -1.4% | +2.4% | -3.8% | |
| Q1 2021 | +2.1% | +19.7% | +55.8% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q1 2019 | — | — | — |
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