Globus Medical Inc income statement
In fiscal 2025, Globus Medical Inc reported revenue of $2.94bn, up 16.7% on the year before, operating income of $480m (a 16.3% margin) and net income of $538m, or $3.92 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 288 | 331 | 386 | 434 | 474 | 545 | 564 | 636 | 713 | 785 | 789 | 958 | 1,023 | 1,568 | 2,519 | 2,939 | 3,145 |
| Cost of revenue | — | — | — | — | — | — | 135 | 150 | 159 | 180 | 217 | 239 | 264 | 548 | 1,035 | 958 | 989 |
| Gross profit | 234 | 263 | 311 | 334 | 364 | 412 | 429 | 486 | 554 | 605 | 572 | 719 | 759 | 1,020 | 1,484 | 1,981 | 2,156 |
| Research and development | 21 | 23 | 28 | 27 | 31 | 36 | 45 | 44 | 55 | 60 | 85 | 97 | 73 | 124 | 164 | 147 | 147 |
| Selling, general and administrative | 123 | 140 | 169 | 183 | 189 | 210 | 222 | 268 | 312 | 355 | 355 | 408 | 432 | 644 | 981 | 1,178 | 1,217 |
| Operating income | 88 | 97 | 115 | 102 | 138 | 172 | 154 | 162 | 169 | 172 | 111 | 172 | 228 | 133 | 166 | 480 | 640 |
| Net interest income | — | — | 0 | 0 | 1 | 1 | 3 | 7 | 13 | 17 | 14 | 9 | 14 | 20 | −4 | — | — |
| Income before tax | 88 | 97 | 115 | 102 | 139 | 173 | 157 | 170 | 189 | 190 | 126 | 180 | 243 | 165 | 121 | 605 | 660 |
| Income tax | 33 | 36 | 41 | 33 | 46 | 60 | 53 | 63 | 32 | 35 | 24 | 31 | 53 | 43 | 18 | 67 | 125 |
| Net income | 54 | 61 | 74 | 69 | 92 | 113 | 104 | 107 | 156 | 155 | 102 | 149 | 190 | 123 | 103 | 538 | 535 |
| Diluted EPS | $0.60 | $0.67 | $0.80 | $0.73 | $0.97 | $1.17 | $1.08 | $1.10 | $1.54 | $1.52 | $1.01 | $1.44 | $1.85 | $1.07 | $0.75 | $3.92 | $3.91 |
| Diluted shares (average) | 91m | 90m | 92m | 94m | 95m | 96m | 96m | 98m | 101m | 102m | 101m | 104m | 103m | 115m | 138m | 137m | 137m |
| EBITDA | 103 | 114 | 133 | 121 | 160 | 196 | 193 | 204 | 211 | 225 | 174 | 242 | 296 | 279 | 419 | 757 | 860 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 626 | 657 | 598 | 745 | 769 | 826 | 760 | 790 |
| Cost of revenue | 271 | 263 | 195 | 249 | 253 | 261 | 234 | 241 |
| Gross profit | 355 | 394 | 403 | 497 | 517 | 565 | 526 | 548 |
| Research and development | 35 | 33 | 33 | 40 | 38 | 36 | 37 | 36 |
| Selling, general and administrative | 240 | 253 | 243 | 304 | 314 | 318 | 298 | 287 |
| Operating income | 48 | 60 | 97 | 76 | 137 | 169 | 150 | 182 |
| Net interest income | −1 | 1 | 2 | 1 | 1 | — | — | — |
| Income before tax | 57 | 25 | 104 | 188 | 144 | 169 | 157 | 190 |
| Income tax | 5 | −2 | 28 | −15 | 25 | 29 | 33 | 38 |
| Net income | 52 | 27 | 75 | 203 | 119 | 141 | 124 | 152 |
| Diluted EPS | $0.38 | $0.19 | $0.54 | $1.49 | $0.88 | $1.02 | $0.90 | $1.10 |
| EBITDA | 85 | 128 | 163 | 117 | 179 | 238 | 220 | 223 |
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