Added to YB: 2026-05-26
Pitch date: 2026-05-24
GLBE [neutral]
Global-E Online Ltd.
Author Info
Farrer 36 is an asset manager based out of Singapore that focuses on long-only equity strategies. Sign up for the newsletter.
Company Info
Global-E Online Ltd., together with its subsidiaries, provides direct-to-consumer cross-border e-commerce platform in Israel, the United Kingdom, the United States, and internationally.
Market Cap
$5.0B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
24.56
P/E
45.41
EV/Sales
4.39
Sector
Broadline Retail
Category
growth
(Non) Semi-Baked Ideas - Global-E Online Ltd.
GLBE (quick overview): Cross-border e-commerce infrastructure platform w/ Q1 GMV +40% to $1.74B, rev +33% to $252M, adj EBITDA margin +330bps to ~20%. FY26 guide raised: GMV +33%, rev +30%, EBITDA +40%. Catalysts: Shopify Managed Markets 2.0 ramp, $131M of $200M buyback done, margin inflection. Risks: SaaS inhousing fears, declining take-rates on fulfilment. ~6% FCF yield despite 30%+ top-line, 40%+ bottom-line growth.
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