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Jun 30, 2025
Global-E Q2 2025 Earnings Report
Global-E reported strong financial results for the second quarter of 2025, meeting or exceeding guidance ranges and achieving GAAP profitability.
Key Takeaways
Global-e delivered a strong second quarter in 2025, with significant growth in GMV and revenue, achieving GAAP profitability for the first time. The company saw increased interest in its global e-commerce solutions and is on track for solid top and bottom-line growth, leading to an increased annual forecast.
GMV increased by 34% year over year to $1,454 million in Q2 2025.
Revenue grew by 28% year over year, reaching $214.9 million.
The company achieved GAAP net profit of $10.5 million, a significant improvement from a net loss in the prior year.
Adjusted EBITDA increased to $38.5 million, up from $31.3 million in Q2 2024.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Global-e is introducing third quarter guidance and raising its full-year guidance for 2025, reflecting continued confidence in its growth trajectory.
Positive Outlook
- Increased full-year 2025 GMV guidance to $6,220 - $6,520 million from $6,190 - $6,490 million.
- Raised full-year 2025 revenue guidance to $921.5 - $971.5 million from $917 - $967 million.
- Adjusted EBITDA full-year 2025 guidance increased to $180 - $200 million from $179 - $199 million.
- Q3 2025 GMV is projected to be between $1,455 - $1,495 million.
- Q3 2025 revenue is expected to be between $214 - $221 million.
Challenges Ahead
- No specific negative forward guidance points were provided in the report.
- The company is unable to provide a reconciliation of Adjusted EBITDA to Operating Profit (Loss) on a forward-looking basis without unreasonable effort.
- Items impacting GAAP financial measures are not within the company’s control and/or cannot be reasonably predicted.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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