Global-E Online Ltd · Q3 2025 earnings

Briefing

Global-e Q3 GMV up 33% to $1.5B; raises FY outlook and authorizes $200M buyback

Global-e Online reported Q3 2025 results with GMV of $1,512 million (+33% YoY) and revenue of $220.8 million (+25% YoY), with service fees revenue of $103.5 million and fulfillment services revenue of $117.3 million. Non-GAAP gross profit rose 24% to $102.1 million and adjusted EBITDA grew 33% to $41.3 million, with results at or above the top end of guidance. Net profit was $13.2 million versus a net loss of $22.6 million in Q3 2024. Free cash flow surged 246% to $73.6 million. The company launched with brands including Everlane, Aritzia, Coach, and Burberry across multiple regions, expanded existing merchant relationships, and announced a $200 million share repurchase authorization. Management introduced Q4 GMV guidance of $2.20–2.32 billion and raised full-year revenue guidance to $944.1–960.1 million with adjusted EBITDA of $185.6–200.0 million.

• Q3 GMV was $1,512 million (+33% YoY); revenue was $220.8 million (+25% YoY).
• Adjusted EBITDA grew 33% to $41.3 million; net profit was $13.2 million versus a $22.6 million loss last year.
• Free cash flow jumped 246% to $73.6 million; operating cash flow was $74.3 million.
• Non-GAAP gross margin was 46.3%; service fees and fulfillment each contributed roughly half of revenue.
• Board authorized $200M share repurchase; FY2025 revenue guidance raised to $944.1–960.1 million.

Headline financials

Revenue & EPS history

Global-e guided Q4 2025 GMV to $2.20–2.32 billion and revenue to $318.5–334.5 million with adjusted EBITDA of $74.3–88.7 million. Full-year 2025 revenue guidance was raised to $944.1–960.1 million with adjusted EBITDA of $185.6–200.0 million.