Global-e Online Reports Record Growth, Achieves GAAP Profitability in 2024

Global-E Online Ltd. reported record financial results for the fourth quarter and full year of 2024, marking significant milestones such as achieving GAAP profitability for the first time since going public and crossing a 20% Adjusted EBITDA Margin. In Q4 2024, the company saw a 44% year-over-year increase in Gross Merchandise Value (GMV), reaching $1,713 million, while revenue grew by 42% to $262.9 million. For the full year, Global-E reported a GMV of $4,858 million and revenue of $752.8 million, despite a net loss of $75.5 million. CEO Amir Schlachet indicated a strong commitment to growth in 2025, aiming for a $1 billion annual revenue run-rate and continued expansion in the global e-commerce market. The company plans to enhance its service offerings and solidify its leadership position. Overall, Global-E's performance reflects robust operational growth and a strategic focus on direct-to-consumer e-commerce solutions.