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Dec 31, 2024
Global-E Q4 2024 Earnings Report
Global-e achieved record revenue growth and reached GAAP profitability for the first time.
Key Takeaways
Global-e reported strong Q4 2024 results, achieving record revenue of $262.91 million, a 41.8% YoY increase. The company reached GAAP profitability with a net income of $1.51 million and surpassed a 20% Adjusted EBITDA margin. Gross profit improved to $118.66 million, and free cash flow reached $128.80 million.
Revenue increased by 41.8% YoY to $262.91 million.
Global-e reached GAAP profitability with a net income of $1.51 million.
Adjusted EBITDA grew by 62.2% YoY to $57.10 million.
Free cash flow surged to $128.80 million.
Global-E
Global-E
Global-E Revenue by Segment
Global-E Revenue by Geographic Location
Revenue by Segment
Service Fees Revenue
CapyFin.comFulfillment Services Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comUnited Kingdom Revenue
CapyFin.comEuropean Union Revenue
CapyFin.comIsrael Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Global-e expects continued revenue growth in 2025, targeting a revenue range of $917M - $967M and adjusted EBITDA between $179M and $199M.
Positive Outlook
- Revenue projected to grow between 22%-28% in FY 2025.
- Adjusted EBITDA expected to surpass $179 million.
- GMV forecasted to exceed $6.19 billion.
- Expansion into new markets and merchant partnerships.
- Ongoing development of Shopify Managed Markets integration.
Challenges Ahead
- Potential macroeconomic headwinds affecting consumer spending.
- Foreign exchange fluctuations may impact revenue and margins.
- Continued competitive pressures in the e-commerce space.
- Merchant churn from legacy platform migrations.
- Regulatory and compliance challenges in international markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income