Recent News
On July 31, 2025 Global-E acquired ReturnGo Ltd., adding AI-powered returns and exchanges to its post‑purchase capabilities. On August 20, 2025 Global-E announced a renewed partnership with True Classic that highlighted rising international revenue contribution. On September 3–4, 2025 the company confirmed participation in the Piper Sandler Growth Frontiers Conference and its board authorized a $200 million share repurchase program.
Technical Analysis
ADX at 24.1 denotes an emerging trend strength without directional bias; trend strength suggests follow-through could develop if directional indicators align.
Directional indicators present bearish alignment: DI+ at 21.52 shows a decreasing trend, while DI‑ at 16.35 shows an increasing trend; that combination signals downside directional pressure against the valuation context.
MACD sits at 0.25 below its signal line at 0.52 and shows a decreasing trend, signaling weakening bullish momentum and confirming the directional-indicator bias.
MRO reads 9.51 with a peak-and-reversal pattern; the positive level indicates price above modeled target and a likely downward bias with limited strength.
RSI at 52.69 and trending down conveys loss of short-term upside momentum while remaining near neutral territory; momentum weakening aligns with MACD and DI signals.
Price sits at $35.07, under the 20‑day average ($36.25) and 12‑day EMA (trend down), above the 50‑day average ($34.49), and below the 200‑day average ($39.37). The position below shorter-term averages and beneath the 200‑day average supports a consolidation-to-lower near-term price bias relative to the current valuation.
Bollinger structure shows the 1× lower band at $35.17 and the 2× lower band at $34.08; current close below the 1× lower band suggests slight downside pressure but remaining above the 2× lower band and the super‑trend support at $34.35 provides proximate technical support.
Volume at 1,061,701 trails the 10‑day average (1,372,944) and longer averages, indicating lower conviction behind recent price moves and increasing likelihood of range trading until volume returns.
Fundamental Analysis
Total revenue stands at $214,877,000 with gross profit of $97,671,000 and gross margin of 45.45%. Gross margin tracks below the industry peer mean of 56.73% and below the industry peer median of 48.582%, which places margin performance on the lower side of peers while still reflecting meaningful unit economics for cross‑border commerce.
Operating income (EBIT) equals $10,513,000 and EBITDA equals $15,486,000. Operating (EBIT) margin measures 4.893%, below the industry peer mean operating margin of 7.856% and below the industry peer median of 13.843%, indicating narrower operating efficiency versus the industry peer mean and median.
Revenue growth shows a 13.16% figure alongside a YoY revenue growth entry of -13.25% and a QoQ revenue change of -147.39%; those divergent growth entries require careful reconciliation with company disclosures, but reported figures include both positive longer‑term expansion and recent sequential moderation.
EPS registered at $0.20, matching the estimate and producing a modest EPS surprise of 1.05%. Forward EPS at $0.005 and forward P/E near 7,007.71 reflect low near‑term earnings power embedded in forward consensus.
Balance‑sheet strength appears robust: cash and short‑term investments total $515,483,000 against total debt of $24,647,000, producing a cash ratio of 1.805 and a current ratio of 2.57. Debt‑to‑assets equals 2.03%, well below the industry peer mean of 23.923%, indicating conservative leverage and ample liquidity to fund strategic initiatives and the announced repurchase program.
Free cash flow totaled $63,516,000, yielding 1.12% on market cap. Free cash flow yield sits above the industry peer mean of 0.296%, offering a relative cash‑generation advantage even as free cash flow growth shows contraction year‑over‑year.
Valuation context: market capitalization registers at $5,687,040,348 while enterprise value equals $5,196,204,348 and the enterprise multiple reads 335.54. WMDST values the stock as over‑valued given high valuation multiples relative to current operating margins and the present revenue/margin trajectory.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-13 |
| NEXT REPORT DATE: | 2025-11-12 |
| CASH FLOW | Begin Period Cash Flow | $ 240.1 M |
| Operating Cash Flow | $ 65.0 M | |
| Capital Expenditures | $ -1.44 M | |
| Change In Working Capital | $ 33.9 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -1.46 M | |
| End Period Cash Flow | $ 238.6 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 214.9 M | |
| Forward Revenue | $ 4.3 M | |
| COSTS | ||
| Cost Of Revenue | $ 117.2 M | |
| Depreciation | $ 571.0 K | |
| Depreciation and Amortization | $ 5.0 M | |
| Research and Development | $ 30.7 M | |
| Total Operating Expenses | $ 204.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 97.7 M | |
| EBITDA | $ 15.5 M | |
| EBIT | $ 10.5 M | |
| Operating Income | $ 10.5 M | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | $ 978.0 K | |
| Income Before Tax | $ 11.5 M | |
| Tax Provision | $ 1.0 M | |
| Tax Rate | 8.703 % | |
| Net Income | $ 10.5 M | |
| Net Income From Continuing Operations | $ 10.5 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.20 | |
| EPS Actual | $ 0.20 | |
| EPS Difference | $ 0.00 | |
| EPS Surprise | 1.05 % | |
| Forward EPS | $ 0.01 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.2 B | |
| Intangible Assets | $ 418.0 M | |
| Net Tangible Assets | $ 491.1 M | |
| Total Current Assets | $ 735.0 M | |
| Cash and Short-Term Investments | $ 515.5 M | |
| Cash | $ 205.2 M | |
| Net Receivables | $ 30.2 M | |
| Inventory | — | |
| Long-Term Investments | $ 16.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 52.9 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 285.5 M | |
| Net Debt | — | |
| Total Debt | $ 24.6 M | |
| Total Liabilities | $ 306.7 M | |
| EQUITY | ||
| Total Equity | $ 909.1 M | |
| Retained Earnings | $ -539.76 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 5.36 | |
| Shares Outstanding | 169.726 M | |
| Revenue Per-Share | $ 1.27 | |
| VALUATION | Market Capitalization | $ 5.7 B |
| Enterprise Value | $ 5.2 B | |
| Enterprise Multiple | 335.542 | |
| Enterprise Multiple QoQ | 22.561 % | |
| Enterprise Multiple YoY | -209.567 % | |
| Enterprise Multiple IPRWA | high: 423.128 median: 423.128 mean: 375.173 GLBE: 335.542 low: -269.237 |
|
| EV/R | 24.182 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.337 | |
| Asset To Liability | 3.964 | |
| Debt To Capital | 0.026 | |
| Debt To Assets | 0.02 | |
| Debt To Assets QoQ | 0.347 % | |
| Debt To Assets YoY | 453.825 % | |
| Debt To Assets IPRWA | high: 0.622 mean: 0.239 median: 0.078 GLBE: 0.02 low: 0.009 |
|
| Debt To Equity | 0.027 | |
| Debt To Equity QoQ | 0.407 % | |
| Debt To Equity YoY | 475.584 % | |
| Debt To Equity IPRWA | high: 4.283 mean: 0.846 median: 0.094 GLBE: 0.027 low: -0.219 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 6.256 | |
| Price To Book QoQ | -16.877 % | |
| Price To Book YoY | -2.389 % | |
| Price To Book IPRWA | high: 30.712 median: 13.613 mean: 13.143 GLBE: 6.256 low: -2.198 |
|
| Price To Earnings (P/E) | 170.701 | |
| Price To Earnings QoQ | -147.808 % | |
| Price To Earnings YoY | -165.805 % | |
| Price To Earnings IPRWA | high: 325.167 median: 325.167 mean: 294.357 GLBE: 170.701 low: -46.824 |
|
| PE/G Ratio | -0.606 | |
| Price To Sales (P/S) | 26.466 | |
| Price To Sales QoQ | -24.483 % | |
| Price To Sales YoY | -21.04 % | |
| Price To Sales IPRWA | high: 61.584 median: 61.584 mean: 55.411 GLBE: 26.466 low: 0.056 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 7007.712 | |
| Forward PE/G | -24.866 | |
| Forward P/S | 1308.744 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -11.76 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.179 | |
| Asset Turnover Ratio QoQ | 15.414 % | |
| Asset Turnover Ratio YoY | 19.349 % | |
| Asset Turnover Ratio IPRWA | high: 0.344 median: 0.192 GLBE: 0.179 mean: 0.169 low: 0.04 |
|
| Receivables Turnover | 6.624 | |
| Receivables Turnover Ratio QoQ | 32.34 % | |
| Receivables Turnover Ratio YoY | -1.897 % | |
| Receivables Turnover Ratio IPRWA | high: 9.543 GLBE: 6.624 mean: 2.52 median: 1.725 low: 0.194 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 13.775 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.478 | |
| CapEx To Revenue | -0.007 | |
| CapEx To Depreciation | -2.522 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 909.1 M | |
| Net Invested Capital | $ 909.1 M | |
| Invested Capital | $ 909.1 M | |
| Net Tangible Assets | $ 491.1 M | |
| Net Working Capital | $ 449.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.805 | |
| Current Ratio | 2.574 | |
| Current Ratio QoQ | 4.205 % | |
| Current Ratio YoY | 13.036 % | |
| Current Ratio IPRWA | high: 6.09 mean: 3.915 median: 3.85 GLBE: 2.574 low: 0.153 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 1.592 | |
| Cost Of Debt | 4.474 % | |
| Interest Coverage Ratio | 8.842 | |
| Interest Coverage Ratio QoQ | -154.798 % | |
| Interest Coverage Ratio YoY | -126.855 % | |
| Interest Coverage Ratio IPRWA | high: 34.271 GLBE: 8.842 median: 0.763 mean: -6.105 low: -83.832 |
|
| Operating Cash Flow Ratio | 0.02 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 51.769 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.882 % | |
| Revenue Growth | 13.163 % | |
| Revenue Growth QoQ | -147.388 % | |
| Revenue Growth YoY | -13.253 % | |
| Revenue Growth IPRWA | high: 18.646 % median: 13.559 % GLBE: 13.163 % mean: 10.495 % low: -15.114 % |
|
| Earnings Growth | -281.818 % | |
| Earnings Growth QoQ | -76.515 % | |
| Earnings Growth YoY | 792.422 % | |
| Earnings Growth IPRWA | high: 150.0 % mean: -97.653 % low: -166.038 % median: -166.038 % GLBE: -281.818 % |
|
| MARGINS | ||
| Gross Margin | 45.454 % | |
| Gross Margin QoQ | 2.647 % | |
| Gross Margin YoY | -1.373 % | |
| Gross Margin IPRWA | high: 84.239 % mean: 56.728 % median: 48.582 % GLBE: 45.454 % low: 4.36 % |
|
| EBIT Margin | 4.893 % | |
| EBIT Margin QoQ | -148.426 % | |
| EBIT Margin YoY | -136.028 % | |
| EBIT Margin IPRWA | high: 36.649 % median: 13.843 % mean: 7.856 % GLBE: 4.893 % low: -15.064 % |
|
| Return On Sales (ROS) | 4.893 % | |
| Return On Sales QoQ | -148.426 % | |
| Return On Sales YoY | -136.028 % | |
| Return On Sales IPRWA | high: 36.561 % median: 13.843 % mean: 6.737 % GLBE: 4.893 % low: -19.837 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 63.5 M | |
| Free Cash Flow Yield | 1.117 % | |
| Free Cash Flow Yield QoQ | -202.383 % | |
| Free Cash Flow Yield YoY | -0.975 % | |
| Free Cash Flow Yield IPRWA | high: 4.613 % GLBE: 1.117 % mean: 0.296 % median: 0.256 % low: -7.799 % |
|
| Free Cash Growth | -187.494 % | |
| Free Cash Growth QoQ | 19.911 % | |
| Free Cash Growth YoY | -12.885 % | |
| Free Cash Growth IPRWA | high: 196.531 % median: 16.253 % mean: -1.547 % low: -163.789 % GLBE: -187.494 % |
|
| Free Cash To Net Income | 6.054 | |
| Cash Flow Margin | 2.635 % | |
| Cash Flow To Earnings | 0.54 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.875 % | |
| Return On Assets QoQ | -159.932 % | |
| Return On Assets YoY | -143.619 % | |
| Return On Assets IPRWA | high: 8.512 % median: 6.48 % mean: 4.081 % GLBE: 0.875 % low: -11.226 % |
|
| Return On Capital Employed (ROCE) | 1.13 % | |
| Return On Equity (ROE) | 0.012 | |
| Return On Equity QoQ | -157.157 % | |
| Return On Equity YoY | -145.184 % | |
| Return On Equity IPRWA | high: 0.212 median: 0.075 mean: 0.023 GLBE: 0.012 low: -0.503 |
|
| DuPont ROE | 1.17 % | |
| Return On Invested Capital (ROIC) | 1.056 % | |
| Return On Invested Capital QoQ | -161.61 % | |
| Return On Invested Capital YoY | -83.643 % | |
| Return On Invested Capital IPRWA | high: 11.714 % median: 2.388 % mean: 1.741 % GLBE: 1.056 % low: -23.088 % |
|