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][4] - The company continues to onboard new merchants and expand its global e-commerce solutions, indicating robust demand for its services [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 [4] - Non-GAAP gross profit was $99.9 million, a 24% increase year over year, while GAAP gross profit was $97.7 million [4] - Adjusted EBITDA for Q2 2025 was $38.5 million, compared to $31.3 million in Q2 2024 [4] - The net profit for Q2 2025 was $10.5 million, a significant turnaround from a net loss of $22.4 million in Q2 2024 [4] Business Highlights - The company launched several new brands across various geographies, including SteelSeries, GANNI, and StadiumGoods [4] - Global-e expanded its services with existing merchants, adding multiple countries for brands like Vuori and entering new markets for others [4] - The company extended its long-term strategic partnership with DHL and acquired ReturnGo, enhancing its logistics and return solutions [11] Outlook - Global-e raised its full-year guidance for 2025, projecting GMV between $6,220 million and $6,520 million, and revenue between $921.5 million and $971.5 million [5] - The guidance for Q3 2025 includes GMV of $1,455 million to $1,495 million and revenue of $214 million to $221 million [5]