Global-e Reports Third Quarter 2025 Results

Core Insights - Global-e Online Ltd. reported strong financial results for Q3 2025, with GMV growth of 33%, revenue growth of 25%, and Adjusted EBITDA growth of 33% [1][5][7] - The company achieved a significant increase in Free Cash Flow, rising 246% year-over-year to $73.6 million [1][5] - The CEO emphasized the company's leadership position and the expansion of value-added services to enhance merchant growth in a complex global e-commerce environment [2] Financial Performance - GMV for Q3 2025 was $1,512 million, a 33% increase year-over-year [5] - Revenue for Q3 2025 was $220.8 million, up 25% year-over-year, with service fees contributing $103.5 million and fulfillment services $117.3 million [5] - Non-GAAP Gross Profit for Q3 2025 was $102.1 million, a 24% increase year-over-year, while GAAP Gross Profit was $99.6 million [5] - Adjusted EBITDA for Q3 2025 was $41.3 million, compared to $31.1 million in Q3 2024, marking a 33% increase [5] - Net profit for Q3 2025 was $13.2 million, a turnaround from a net loss of $22.6 million in Q3 2024 [5] Business Highlights - The company launched partnerships with notable brands across various regions, including Everlane and Coach in North America, and Bandai Spirits in Asia-Pacific [5] - Global-e expanded its business scope with existing merchants, including Figs and Burberry, entering new markets [5] - The adoption of new solutions like 3B2C and duty drawback solutions increased among merchants [5] Future Outlook - Global-e raised its guidance for Q4 2025 and the full year, projecting GMV between $2,195 million and $2,315 million for Q4 and total FY 2025 GMV between $6,404 million and $6,524 million [7] - Revenue guidance for Q4 2025 is set between $318.5 million and $334.5 million, with full-year revenue projected between $944.1 million and $960.1 million [7] - Adjusted EBITDA guidance for Q4 2025 is between $74.3 million and $88.7 million, with full-year guidance between $185.6 million and $200 million [7]