Global-e Online Ltd. (NASDAQ:GLBE) saw its shares surge 12.33% in pre-market trading Wednesday after reporting second-quarter results that exceeded analyst expectations and updating its full-year outlook.
The cross-border e-commerce platform posted revenue of $214.9 million for Q2, above the consensus estimate of $207.87 million, reflecting a 28% year-on-year increase. While the company reported a GAAP profit of $10.5 million ($0.06 per share), this marked a sharp turnaround from a net loss of $22.4 million (-$0.13 per share) in the same quarter last year, achieving a key milestone of sustainable GAAP profitability.
“We had another strong quarter, meeting or exceeding all of our guidance ranges, on-boarding many new and exciting merchants, and achieving an important milestone of sustainable GAAP profitability,” said Amir Schlachet, Founder and CEO of Global-e. “Interest in our global e-commerce solutions is as strong as ever.”
Gross Merchandise Value (GMV) climbed to $1.45 billion in Q2, up 34% from a year earlier. Adjusted EBITDA also increased, rising to $38.5 million from $31.3 million in the prior-year quarter.
Following the strong performance, Global-e raised its full-year 2025 revenue forecast to $921.5–$971.5 million, up from its previous guidance of $917–$967 million. For Q3, the company expects revenue between $214 million and $221 million.
During the quarter, Global-e expanded its merchant network, adding brands such as SteelSeries, GANNI, SKYLRK (founded by Justin and Hailey Bieber), and Bally. It also extended its strategic partnership with DHL for an additional three years and acquired ReturnGo, a provider of AI-enabled return and exchange solutions.
The company reported $102.9 million in service fees revenue and $112 million in fulfillment services revenue for the quarter. Non-GAAP gross profit grew 24% year-on-year to $99.9 million, with a non-GAAP gross margin of 46.5%.
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