From GlobeNewswire: 2025-02-19 07:00:00

Global-e Online Ltd. reported record-breaking financial results for Q4 2024 and full year 2024. They achieved their first GAAP profitability and exceeded their Adjusted EBITDA Margin target, with Q4 revenue of $262.9 million. The company is poised for further growth in 2025 with guidance for GMV, revenue, and Adjusted EBITDA outlined.

In Q4 2024, Global-e saw a 44% year-over-year increase in GMV to $1,713 million, with non-GAAP gross profit up 53% to $120.9 million. Adjusted EBITDA for Q4 was $57.1 million, a 62% increase from the previous year. They also achieved net profit and free cash flow of $1.5 million and $128.8 million, respectively.

For FY 2024, Global-e reported a 37% increase in GMV to $4,858 million and a 32% increase in revenue to $752.8 million. Adjusted EBITDA for the full year was $140.8 million. The company experienced a net loss of $75.5 million but generated free cash flow of $167.1 million.

Throughout 2024, Global-e expanded its merchant base, onboarded new global merchants, and launched with Logitech. They added brands like Spanx, Tom Ford, and Tous to their platform. The company also expanded to new markets like Romania and Croatia and continued to enhance their Shopify Managed Markets offering.

Global-e’s outlook for Q1 2025 and FY 2025 includes guidance for GMV, revenue, and Adjusted EBITDA. They anticipate continued growth and expansion in the global e-commerce market. The company remains focused on delivering innovative solutions and seizing opportunities in the e-commerce space.

Global-e uses key performance metrics like GMV and Adjusted EBITDA to assess performance and make strategic decisions. Their non-GAAP financial measures provide insight into core operations and help evaluate period-to-period comparisons. The company’s financial statements show steady growth and a commitment to financial transparency and accountability.



Read more at GlobeNewswire:: Global-e Reports Fourth Quarter and Full Year 2024 Results