Global-e Online Ltd.

GLBE

Current Price: $28.74

IPO: 2021-05-12

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide. Global-E Online Ltd. was incorporated in 2013 and is headquartered in Petah Tikva, Israel.

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Income Statement

Revenue

Year Q1 Q2 Q3 Q4
2020 $19.69m $29.79m $33.33m $53.57m
2021 $46.15m $57.29m $59.12m $82.72m
2022 $76.32m $87.31m $105.6m $139.9m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 134.4% 92.32% 77.4% 54.4%
2022 65.37% 52.4% 78.55% 69.09%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 26.46m 27.5m 25.79m 29.14m
2022 30.17m 30.02m 46.44m 57.15m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 51.29% 11.88% 60.76%
2021 -13.86% 24.13% 3.2% 39.92%
2022 -7.73% 14.39% 20.9% 32.5%

Cost Of Revenue

Year Q1 Q2 Q3 Q4
2020 $13.91m $20.12m $23.27m $35.6m
2021 $30.78m $36.69m $36.31m $50.06m
2022 $49.14m $52.95m $64.75m $84.02m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 121.36% 82.32% 56.04% 40.61%
2022 59.63% 44.34% 78.35% 67.84%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 16.88m 16.57m 13.04m 14.46m
2022 18.36m 16.27m 28.45m 33.96m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 44.69% 15.64% 53.01%
2021 -13.54% 19.18% -1.03% 37.88%
2022 -1.84% 7.76% 22.28% 29.76%

Gross Profit

Year Q1 Q2 Q3 Q4
2020 $5.782m $9.665m $10.06m $17.97m
2021 $15.37m $20.6m $22.81m $32.66m
2022 $27.18m $34.35m $40.8m $55.84m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 165.77% 113.14% 126.84% 81.72%
2022 76.89% 66.75% 78.87% 71.01%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 9.585m 10.94m 12.76m 14.69m
2022 11.82m 13.75m 17.99m 23.19m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 67.16% 4.05% 78.7%
2021 -14.49% 34.05% 10.73% 43.15%
2022 -16.76% 26.37% 18.78% 36.86%

Gross Profit Ratio

Year Q1 Q2 Q3 Q4
2020 29.37% 32.45% 30.18% 33.54%
2021 33.30% 35.96% 38.58% 39.48%
2022 35.62% 39.35% 38.65% 39.93%

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 13.38% 10.82% 27.87% 17.7%
2022 6.96% 9.42% 0.18% 1.13%

Research & Development Expenses

Year Q1 Q2 Q3 Q4
2020 $3.215m $3.606m $3.707m $4.872m
2021 $5.444m $5.739m $8.281m $10.3m
2022 $17.69m $17.6m $22.22m $23.7m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 69.33% 59.15% 123.39% 111.37%
2022 224.89% 206.62% 168.37% 130.12%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 2.229m 2.133m 4.574m 5.426m
2022 12.24m 11.86m 13.94m 13.4m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 12.16% 2.8% 31.43%
2021 11.74% 5.42% 44.29% 24.36%
2022 71.75% -0.51% 26.29% 6.63%

General & Administrative Expenses

Year Q1 Q2 Q3 Q4
2020 $1.277m $2.683m $2.077m $3.785m
2021 $2.714m $4.337m $7.762m $7.83m
2022 $11.54m $15.07m $18.93m $14.66m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 112.53% 61.65% 273.71% 106.87%
2022 325.2% 247.5% 143.83% 87.22%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 1.437m 1.654m 5.685m 4.045m
2022 8.826m 10.73m 11.16m 6.829m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 110.1% -22.59% 82.23%
2021 -28.3% 59.8% 78.97% 0.88%
2022 47.38% 30.6% 25.58% -22.55%

Selling & Marketing Expenses

Year Q1 Q2 Q3 Q4
2020 $1.851m $1.924m $2.168m $3.894m
2021 $3.099m $30.02m $34.85m $36.72m
2022 $49.64m $50.99m $52.88m $52.59m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 67.42% 1460.14% 1507.61% 842.91%
2022 1501.77% 69.86% 51.73% 43.24%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 1.248m 28.09m 32.69m 32.82m
2022 46.54m 20.97m 18.03m 15.88m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 3.94% 12.68% 79.61%
2021 -20.42% 868.6% 16.11% 5.35%
2022 35.19% 2.71% 3.72% -0.55%

Selling General & Administrative Expenses

Year Q1 Q2 Q3 Q4
2020 $3.128m $4.607m $4.245m $7.679m
2021 $5.813m $34.35m $42.62m $44.55m
2022 $61.18m $66.06m $71.81m $67.25m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 85.84% 645.69% 903.89% 480.11%
2022 952.45% 92.28% 68.51% 50.97%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 2.685m 29.75m 38.37m 36.87m
2022 55.37m 31.7m 29.19m 22.7m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 47.28% -7.86% 80.9%
2021 -24.3% 490.99% 24.05% 4.53%
2022 37.34% 7.97% 8.71% -6.35%

Other Expenses

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - -

Operating Expenses

Year Q1 Q2 Q3 Q4
2020 $6.343m $8.213m $7.952m $12.55m
2021 $11.26m $40.09m $50.9m $54.85m
2022 $78.87m $83.65m $94.03m $90.95m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 77.47% 388.17% 540.04% 336.98%
2022 600.6% 108.65% 84.76% 65.83%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 4.914m 31.88m 42.94m 42.29m
2022 67.61m 43.56m 43.14m 36.1m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 29.48% -3.18% 57.83%
2021 -10.31% 256.16% 26.94% 7.76%
2022 43.8% 6.07% 12.41% -3.28%

Cost & Expenses

Year Q1 Q2 Q3 Q4
2020 $20.25m $28.34m $31.22m $48.16m
2021 $42.04m $76.78m $87.2m $104.9m
2022 $128m $136.6m $158.8m $175m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 107.61% 170.97% 179.31% 117.85%
2022 204.48% 77.92% 82.09% 66.79%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 21.79m 48.45m 55.98m 56.75m
2022 85.96m 59.83m 71.58m 70.07m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 39.93% 10.19% 54.24%
2021 -12.7% 82.63% 13.58% 20.3%
2022 22.02% 6.72% 16.24% 10.19%

Interest Expense

Year Q1 Q2 Q3 Q4
2020 $702k $1.847m $-850k $-940k
2021 $5.709m $2.42m $217k $658k
2022 $1.666m $680k $-10.89m $-217k

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 713.25% 31.02% -125.53% -170.0%
2022 -70.82% -71.9% -5118.43% -132.98%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 5.007m 573k 1.067m 1.598m
2022 -4.043m -1.74m -11.11m -875k

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 163.11% -146.02% 10.59%
2021 -707.34% -57.61% -91.03% 203.23%
2022 153.19% -59.18% -1701.47% -98.01%

Depreciation & Amortization

Year Q1 Q2 Q3 Q4
2020 $52k $57k $61k $65k
2021 $62k $69k $79k $84.42m
2022 $6.88m $6.379m $9.116m $7.043m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 19.23% 21.05% 29.51% 129775.38%
2022 10996.77% 9144.93% 11439.24% -91.66%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 10k 12k 18k 84.35m
2022 6.818m 6.31m 9.037m -77.38m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 9.62% 7.02% 6.56%
2021 -4.62% 11.29% 14.49% 106759.49%
2022 -91.85% -7.28% 42.91% -22.74%

Ebitda

Year Q1 Q2 Q3 Q4
2020 $-509k $1.508m $465k $5.484m
2021 $4.172m $-19.42m $-27.57m $62.23m
2022 $-44.8m $-41.56m $-65.9m $-28.5m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -919.65% -1388.06% -6029.46% 1034.74%
2022 -1173.9% 113.98% 138.99% -145.8%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 4.681m -20.93m -28.04m 56.75m
2022 -48.98m -22.14m -38.32m -90.73m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - -396.27% -69.16% 1079.35%
2021 -23.92% -565.58% 41.95% -325.7%
2022 -172.0% -7.23% 58.54% -56.75%

Operating Income

Year Q1 Q2 Q3 Q4
2020 $-561k $1.451m $2.104m $5.419m
2021 $4.11m $-19.49m $-28.09m $-22.19m
2022 $-51.68m $-49.3m $-53.23m $-35.11m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -832.62% -1443.42% -1434.84% -509.49%
2022 -1357.49% 152.93% 89.54% 58.21%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 4.671m -20.94m -30.19m -27.61m
2022 -55.79m -29.81m -25.15m -12.92m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - -358.65% 45.0% 157.56%
2021 -24.16% -574.28% 44.08% -20.99%
2022 132.91% -4.6% 7.97% -34.05%

Operating Income Ratio

Year Q1 Q2 Q3 Q4
2020 $-0.02849 $0.04871 $0.06314 $0.0836
2021 $0.08906 $-0.3403 $-0.4751 $-0.2762
2022 $-0.6772 $-0.5647 $-0.5043 $-0.251

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -412.55% -798.53% -852.44% -430.39%
2022 -860.39% 65.96% 6.15% -9.13%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 0.1175 -0.389 -0.5382 -0.3598
2022 -0.7662 -0.2245 -0.02923 0.02521

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - -270.96% 29.61% 32.42%
2021 6.52% -482.09% 39.61% -41.86%
2022 145.16% -16.61% -10.7% -50.23%

Total Other Income Expenses Net

Year Q1 Q2 Q3 Q4
2020 $-702k $-1.847m $-850k -
2021 $-5.709m $-2.42m $217k -
2022 $-1.666m $680k $-10.89m $-217k

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 713.25% 31.02% -125.53% -
2022 -70.82% -128.1% -5118.43% -Infinity%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -5.007m -573k 1.067m -
2022 4.043m 3.1m -11.11m -217k

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 163.11% -53.98% -
2021 -Infinity% -57.61% -108.97% -
2022 -Infinity% -140.82% -1701.47% -98.01%

Income Before Tax

Year Q1 Q2 Q3 Q4
2020 $-1.263m $-396k $1.254m $4.479m
2021 $-1.599m $-21.91m $-27.87m $-22.85m
2022 $-53.35m $-48.62m $-64.12m $-35.32m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 26.6% 5433.59% -2322.33% -610.11%
2022 3236.4% 121.89% 130.09% 54.6%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -336k -21.52m -29.12m -27.33m
2022 -51.75m -26.71m -36.25m -12.48m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - -68.65% -416.67% 257.18%
2021 -135.7% 1270.42% 27.18% -18.01%
2022 133.5% -8.86% 31.87% -44.91%

Income Tax Expense

Year Q1 Q2 Q3 Q4
2020 $4k $5k $6k $145k
2021 $150k $311k $601k $-357k
2022 $237k $174k $430k $-6.853m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 3650.0% 6120.0% 9916.67% -346.21%
2022 58.0% -44.05% -28.45% 1819.61%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 146k 306k 595k -502k
2022 87k -137k -171k -6.496m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 25.0% 20.0% 2316.67%
2021 3.45% 107.33% 93.25% -159.4%
2022 -166.39% -26.58% 147.13% -1693.72%

Net Income

Year Q1 Q2 Q3 Q4
2020 $-1.267m $-401k $1.248m $4.334m
2021 $-1.749m $-22.22m $-28.47m $-22.49m
2022 $-53.59m $-48.8m $-64.55m $-28.47m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 38.04% 5442.14% -2381.17% -618.94%
2022 2963.81% 119.57% 126.74% 26.59%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -482k -21.82m -29.72m -26.83m
2022 -51.84m -26.57m -36.08m -5.98m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - -68.35% -411.22% 247.28%
2021 -140.36% 1170.67% 28.1% -21.0%
2022 138.26% -8.94% 32.28% -55.89%

Balance Sheet

Deferred Revenue

Year Q1 Q2 Q3 Q4
2020 - - - $4.417m
2021 - - - $7.426m
2022 - - - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 68.12%
2022 - - - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 3.009m
2022 - - - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - -

Cash Flow

Operating Cash Flow

Year Q1 Q2 Q3 Q4
2020 $-13.44m $10.28m $-478k $32.99m
2021 $-20.63m $6.932m $5.473m $23.97m
2022 $-6.925m $31.9m $-4.211m $60.72m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 53.5% -32.54% -1244.98% -27.34%
2022 -66.43% 360.13% -176.94% 153.32%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -7.19m -3.344m 5.951m -9.019m
2022 13.7m 24.96m -9.684m 36.75m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - -176.47% -104.65% -7001.67%
2021 -162.53% -133.6% -21.05% 337.99%
2022 -128.89% -560.59% -113.2% -1542.03%

Free Cash Flow

Year Q1 Q2 Q3 Q4
2020 $-13.59m $10.22m $-600k $32.87m
2021 $-20.74m $6.783m $5.112m $21.71m
2022 $-11.61m $30m $-5.609m $60.35m

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 52.58% -33.65% -952.0% -33.94%
2022 -44.03% 342.22% -209.72% 177.98%

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -7.148m -3.44m 5.712m -11.15m
2022 9.133m 23.21m -10.72m 38.64m

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - -175.2% -105.87% -5577.5%
2021 -163.11% -132.7% -24.64% 324.73%
2022 -153.47% -358.39% -118.7% -1176.02%