Global-E Online Ltd. (NASDAQ: GLBE) is a top provider of cross-border e-commerce solutions. The company helps over 1k brands grow internationally by offering localized shopping experiences to customers around the world. Global-E’s mission is to create a borderless e-commerce environment by breaking down barriers and enabling direct connections for smooth transactions. The Global-e platform solves for currency conversion, customs duties, language differences, and logistics. The company is located in Israel and its three largest markets are the US, UK and the EU.
Let us explain.
Global-E’s core offering is a direct-to-consumer (D2C) cross-border e-commerce platform that is structured around three key pillars: localization, optimization, and expansion. This integrated solution enables merchants to reach customers in over 200 countries and territories, alleviating the complexities associated with international trade. The suite of products and services includes multi-currency pricing, automated calculation of duties and taxes, localized checkout processes supporting more than 100 currencies and 25 languages, as well as comprehensive logistics management through partnerships with leading global carriers such as DHL, UPS, and FedEx. Additionally, the platform incorporates advanced business intelligence capabilities powered by AI and data analytics, facilitating improved conversion rates, minimized cart abandonment, and enhanced insights into consumer behavior. As a result, brands can achieve increased international sales while reducing operational costs, and consumers benefit from a seamless, locally-tailored shopping experience with region-specific payment options and return policies.
By the numbers.
In the meantime, Gross Merchant Value (GMV) in the second quarter of 2025 reached $1.45 billion, representing a 34% increase compared to the same period last year. Revenue for the quarter was $214.9 million, up 28% year over year, including $102.9 million from service fees and $112 million from fulfillment services.
Adjusted EBITDA for Q2 2025 was $38.5 million, compared to $31.3 million in Q2 2024. The company posted a net profit of $10.5 million for the quarter, reversing a net loss of $22.4 million in Q2 2024. Net cash generated from operating activities was $65.0 million, marginally higher than $64.1 million in the prior-year period. Free Cash Flow remained consistent at $63.5 million for both quarters. Global-E reports their 3Q25 on November 19.
Recent Business Highlights
- Successfully launched several brands across a number of geographies and sectors, including SteelSeries and GANNI from Denmark; JAKI and Escentual from the UK; StadiumGoods from the US; Bandi Namco from Japan; Nanushka, Global-e’s first merchant in Hungary; SKYLRK, the new fashion brand by Justin and Hailey Bieber; Bally from Switzerland; and Life360, Global-e’s first subscription-based consumer tech merchant.
- Expanded partnerships with key merchants such as Vuori (integration into multiple European countries, Australia, and Japan), Bang & Olufsen, Onitsuka Tiger, Diesel (expansion into Hong Kong), Bennett Winch (entry into Taiwan), and Jones Road Beauty (addition of Central and Eastern Europe).
- Extended long-term strategic partnership with DHL, signing a new three-year agreement.
- Acquired ReturnGo, a leading provider of AI-driven return and exchange solutions.
We are on the lookout.
The one-stop shop approach to global commerce may be effective for brands and retailers expanding internationally. Global-E, with an $800 million annual revenue run rate, has succeeded in the market and, we believe, significant growth potential. For those interested in global commerce, Global-E offers a strong starting point.
