Global-e Reports Third Quarter 2025 Results

Core Insights - Global-e Online Ltd. reported strong financial results for Q3 2025, achieving growth in key metrics including GMV, revenue, and Adjusted EBITDA, all at or above the top end of guidance ranges [1][2][5] Financial Performance - GMV for Q3 2025 was $1,512 million, reflecting a 33% year-over-year increase [5] - Revenue for Q3 2025 reached $220.8 million, a 25% increase year-over-year, with service fees contributing $103.5 million and fulfillment services $117.3 million [5] - Non-GAAP Gross Profit was $102.1 million, up 24% year-over-year, while GAAP Gross Profit was $99.6 million [5] - Adjusted EBITDA for Q3 2025 was $41.3 million, a 33% increase from $31.1 million in Q3 2024 [5] - The company reported a net profit of $13.2 million, a significant turnaround from a net loss of $22.6 million in Q3 2024 [5] - Free Cash Flow increased by 246% year-over-year to $73.6 million [1] Business Highlights - The company launched partnerships with notable brands across various regions, including Everlane and Aritzia in North America, Coach and Chloe in the UK and Europe, and Bandai Spirits in Asia-Pacific [5] - Global-e expanded its business scope with existing merchants, including Figs entering South Korea and Latin America, and Burberry expanding into Mexico [5] - The company is in beta-testing for the new Shopify Managed Markets flow, indicating ongoing innovation and development [5] Guidance and Outlook - For Q4 2025, Global-e expects GMV between $2,195 million and $2,315 million, and revenue between $318.5 million and $334.5 million [6] - The full-year guidance for GMV has been raised to a range of $6,404 million to $6,524 million, and revenue to $944.1 million to $960.1 million [6]