Global-e Online Ltd. key statistics and ratios

In fiscal 2025, Global-e Online Ltd. had return on equity of 7.5%, an operating margin of 7.4%, debt equal to 0.0% of equity and a current ratio of 1.93. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Global-e Online Ltd.: financial ratios, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	28.3%	31.9%	37.3%	38.7%	41.0%	45.1%	45.3%
Operating margin	−7.5%	6.2%	−26.8%	−46.3%	−24.0%	−9.0%	7.4%
Net margin	−11.5%	2.9%	−30.6%	−47.8%	−23.5%	−10.0%	7.1%
Free-cash-flow margin	10.3%	21.2%	6.2%	19.8%	18.7%	22.2%	29.2%
Return on equity	—	—	−23.0%	−24.1%	−14.6%	−8.4%	7.5%
Return on assets	—	2.4%	−14.9%	−19.5%	−11.3%	−6.1%	5.0%
Asset turnover	—	0.85	0.49	0.41	0.48	0.61	0.71
Current ratio	—	1.82	4.73	1.79	1.90	2.08	1.93
Debt to equity	—	—	0.0%	0.0%	0.0%	0.0%	0.0%
Effective tax rate	—	3.9%	—	—	—	—	3.2%
R&D as % of revenue	18.3%	11.3%	12.1%	19.9%	17.1%	14.0%	12.8%
Capital spending as % of revenue	0.4%	0.3%	1.2%	2.0%	0.3%	0.3%	0.3%
Free cash flow ÷ net income	—	738.2%	—	—	—	—	411.1%
Dividends and buybacks ÷ free cash flow	—	—	—	—	0.0%	0.0%	25.7%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 2 checks passed · December 31, 2025

What it owns · $1.5bn

Short-term assets $987mLonger-term assets $476m

What it owes, and who funded it · $1.5bn

Short-term liabilities $510mLonger-term liabilities $20mShareholders' equity $933m

Short-term assets cover short-term liabilities $987m of assets due within a year against $510m of liabilities due within a year.
Short-term assets cover long-term liabilities $987m short-term assets against $20m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Global-e Online Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Global-e Online Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Global-e Online Ltd.