Global-E Online (NASDAQ:GLBE) Full Year 2024 Results

Key Financial Results

• Revenue: US$752.8m (up 32% from FY 2023).
• Net loss: US$75.5m (loss narrowed by 44% from FY 2023).
• US$0.45 loss per share (improved from US$0.81 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Global-E Online Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$399.6m (53% of total revenue). Notably, cost of sales worth US$413.3m amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$250.7m (60% of total expenses). Explore how GLBE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Multiline Retail industry in the US.

Performance of the American Multiline Retail industry.

The company's shares are down 5.9% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Global-E Online's balance sheet.

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