Global-e Reports Second Quarter 2025 Results

Core Insights - Global-e Online Ltd. reported strong financial results for Q2 2025, achieving sustainable GAAP profitability and exceeding guidance ranges [2][3][5] - The company is on track for solid growth in both top and bottom lines, with an increased annual forecast [2][4] Financial Performance - Gross Merchandise Value (GMV) for Q2 2025 was $1,454 million, a 34% increase year over year [3] - Revenue for Q2 2025 reached $214.9 million, up 28% year over year, with service fees contributing $102.9 million and fulfillment services $112 million [5] - Non-GAAP gross profit for Q2 2025 was $99.9 million, a 24% increase year over year, while GAAP gross profit was $97.7 million [5] - Adjusted EBITDA for Q2 2025 was $38.5 million, compared to $31.3 million in Q2 2024 [5] - Net profit for Q2 2025 was $10.5 million, a significant turnaround from a net loss of $22.4 million in Q2 2024 [5] Guidance and Outlook - For Q3 2025, GMV is projected to be between $1,455 million and $1,495 million, while full-year GMV guidance has been raised to $6,220 million to $6,520 million [4] - Revenue guidance for Q3 2025 is set between $214 million and $221 million, with full-year revenue guidance increased to $921.5 million to $971.5 million [4] Business Highlights - The company has onboarded several new merchants, including notable brands like SteelSeries, GANNI, and Bally, expanding its geographical and vertical reach [5] - Global-e has extended its strategic partnership with DHL for another three years and acquired ReturnGo, enhancing its service offerings [5]