Global-e Achieves First Sustainable GAAP Profitability, Raises FY 2025 Guidance

Global-e achieved its first sustainable GAAP profitability with a net profit of $10.5 million in Q2 2025. GMV increased 34% YoY to $1,454 million, with revenue rising 28% to $214.9 million. The company raised its FY 2025 guidance, anticipating GMV of $6,220-$6,520 million and revenue of $921.5-$971.5 million. Global-e expanded its merchant base and acquired ReturnGo, an AI-driven returns solution provider, to enhance its post-purchase service capabilities.

Petah-Tikva, Israel, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Global-e Online Ltd. (Nasdaq: GLBE), the platform powering global direct-to-consumer e-commerce, today reported its financial results for the second quarter of 2025. The company reported strong growth and achieved its first sustainable GAAP profitability with a net profit of $10.5 million.

Key highlights of the Q2 2025 financial results include:

- Gross Merchandise Value (GMV) increased 34% year over year (YoY) to $1,454 million.
- Revenue rose 28% YoY to $214.9 million, with service fees revenue at $102.9 million and fulfillment services revenue at $112 million.
- Non-GAAP gross profit increased 24% YoY to $99.9 million, while GAAP gross profit was $97.7 million.
- Non-GAAP gross margin was 46.5%, compared to 47.8% in the second quarter of 2024, and GAAP gross margin was 45.5%.
- Adjusted EBITDA increased to $38.5 million compared to $31.3 million in the second quarter of 2024.
- Net profit was $10.5 million compared to a net loss of $22.4 million in the second quarter of 2024.
- Net cash from operating activities was $65.0 million compared to $64.1 million in the second quarter of 2024.
- Free Cash Flow remained stable at $63.5 million.

Global-e's CEO, Amir Schlachet, stated, "We had another strong quarter, meeting or exceeding all of our guidance ranges, on-boarding many new and exciting merchants, and achieving an important milestone of sustainable GAAP profitability."

The company also reported significant business highlights, including the launch of new brands such as SteelSeries, GANNI, JAKI, Escentual, StadiumGoods, Bandi Namco, Nanushka, SKYLRK, and Bally. Additionally, Global-e expanded its merchant base and acquired ReturnGo, a leading provider of AI-enabled return and exchange solutions, to enhance its post-purchase service capabilities.

For the third quarter of 2025, Global-e is introducing guidance and raising its full-year 2025 guidance as follows:

- Q3 2025: GMV of $1,455 - $1,495 million and revenue of $214 - $221 million.
- FY 2025: GMV of $6,220 - $6,520 million and revenue of $921.5 - $971.5 million.

Global-e will host a conference call on Wednesday, August 13, 2025, at 8:00 a.m. ET to discuss these results further. The call will be available live at 1-800-717-1738 (US/Canada Toll Free) and 1-646-307-1865 (International Toll). A live webcast will also be available in the Investor Relations section of Global-e's website at https://investors.global-e.com/news-events/events-presentations.

References:
[1] https://investors.global-e.com/news-releases/news-release-details/global-e-reports-second-quarter-2025-results