Global-E Online Ltd.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $962.2M | $752.8M | $569.9M | $409.0M | $245.3M | $136.4M | $65.9M |
| Cost of Revenue | $525.9M | $413.3M | $336.3M | $250.9M | $153.8M | $92.9M | $47.2M |
| Gross Profit | $436.2M | $339.4M | $233.6M | $158.2M | $91.4M | $43.5M | $18.7M |
| Gross Margin | 45.3% | 45.1% | 41.0% | 38.7% | 37.3% | 31.9% | 28.3% |
| Operating Expenses | |||||||
| Research & Development | $122.8M | $105.5M | $97.6M | $81.2M | $29.8M | $15.4M | $12.0M |
| SG&A Expense | $51.7M | $51.2M | $56.1M | $60.2M | $22.6M | $9.8M | $7.0M |
| Operating Income | $71.7M | $-67.9M | $-137.1M | $-189.3M | $-65.7M | $8.4M | $-5.0M |
| Operating Margin | 7.4% | -9.0% | -24.0% | -46.3% | -26.8% | 6.2% | -7.5% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $70.5M | $-79.4M | $-131.8M | $-201.4M | $-74.2M | $4.1M | $-7.5M |
| Income Tax Expense | $2.2M | $-3.8M | $2.0M | $-6.0M | $705.0K | $160.0K | $34.0K |
| Net Income | $68.3M | $-75.5M | $-133.8M | $-195.4M | $-74.9M | $3.9M | $-7.5M |
| Net Margin | 7.1% | -10.0% | -23.5% | -47.8% | -30.6% | 2.9% | -11.5% |
| EPS (Basic) | $0.40 | $-0.45 | $-0.81 | $-1.24 | $-0.74 | $0.01 | $-0.10 |
| EPS (Diluted) | $0.39 | $-0.45 | $-0.81 | $-1.24 | $-0.74 | $0.01 | $-0.10 |
| Shares Outstanding (Basic) | 169.9M | 167.3M | 164.4M | 157.7M | 101.7M | 84.5M | 78.6M |
| Shares Outstanding (Diluted) | 176.0M | 167.3M | 164.4M | 157.7M | 101.7M | 114.6M | 78.6M |
| Dividends Per Share | — | — | — | — | — | — | — |