Global-e Online Ltd. (GLBE) Bundle
A Brief History of Global-e Online Ltd. (GLBE)
Company Overview
Global-e Online Ltd. is an international e-commerce technology company headquartered in Airport City, Israel. Founded in 2013, the company specializes in cross-border e-commerce solutions.
Financial Performance
| Fiscal Year | Revenue | Net Income/Loss |
|---|---|---|
| 2022 | $625.1 million | ($104.5 million) |
| 2023 | $726.3 million | ($87.2 million) |
Key Business Metrics
- Gross Merchandise Volume (GMV) in 2023: $3.4 billion
- Number of Merchants: Over 900 global brands
- Active Countries: 196 countries
- Supported Languages: 25 languages
Strategic Partnerships
Shopify partnership initiated in 2021, which included a $288 million investment by Shopify in Global-e.
Stock Performance
| Stock Exchange | Ticker Symbol | 2024 Stock Price Range |
|---|---|---|
| NASDAQ | GLBE | $14.50 - $23.75 |
Technology Offerings
- Cross-border e-commerce platform
- Localization services
- Payment solutions
- Shipping and logistics technology
A Who Owns Global-e Online Ltd. (GLBE)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Baillie Gifford & Co | 4,525,483 | 11.2% |
| Jennison Associates LLC | 3,811,242 | 9.4% |
| Fidelity Management & Research | 3,201,756 | 7.9% |
| Wasatch Advisors Inc | 2,943,217 | 7.3% |
Top Insider Ownership
- Isaac Ofer (Co-Founder): 4,500,000 shares
- Nir Debbi (Co-Founder/CEO): 1,250,000 shares
- Shaul Reshef (Co-Founder): 2,750,000 shares
Ownership Distribution
Public Float: 85.6%
Institutional Investors: 67.3%
Insider Ownership: 12.4%
Largest Institutional Investors
| Investor | Shares | Value ($) |
|---|---|---|
| Capital World Investors | 3,600,000 | 89,640,000 |
| Morgan Stanley | 2,850,000 | 70,965,000 |
| Artisan Partners | 2,475,000 | 61,672,500 |
Global-e Online Ltd. (GLBE) Mission Statement
Company Overview
Global-e Online Ltd. operates as a cross-border e-commerce technology platform. Headquartered in Airport City, Israel, the company was founded in 2013.
Financial Performance
| Annual Revenue (2023) | $644.8 million |
| Net Income (2023) | $15.4 million |
| Gross Merchandise Volume (2023) | $3.4 billion |
| Market Capitalization (February 2024) | $2.1 billion |
Core Business Strategy
- Enable international e-commerce for brands and retailers
- Provide end-to-end cross-border solutions
- Support localization of online shopping experiences
Key Technology Services
Global-e offers comprehensive cross-border e-commerce solutions including:
- Currency conversion
- Localized payment methods
- International shipping logistics
- Customs and duty management
Client Base
| Total Enterprise Clients (2023) | 839 |
| Percentage of Repeat Clients | 95% |
| Major Industry Verticals | Fashion, Home Goods, Electronics |
Global Reach
Supported Markets: 200+ countries and territories
Language Support: 25+ languages
Strategic Partnerships
- Shopify
- BigCommerce
- Salesforce Commerce Cloud
How Global-e Online Ltd. (GLBE) Works
Business Overview
Global-e Online Ltd. is a cross-border e-commerce technology platform headquartered in Herzliya, Israel. As of Q4 2023, the company operates in 29 countries and supports 110 local currencies.
Revenue and Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $565.1 million |
| Gross Merchandise Value (GMV) | $3.2 billion |
| Net Income | $15.3 million |
Technology Platform Services
- Cross-border e-commerce infrastructure
- Localization of online shopping experiences
- End-to-end international sales solutions
- Payments and currency conversion
- Customs and duty management
Client Base
As of 2024, Global-e serves over 900 enterprise brands across multiple sectors including fashion, home goods, and consumer electronics.
Geographic Reach
| Region | Percentage of Revenue |
|---|---|
| North America | 42% |
| Europe | 38% |
| Rest of World | 20% |
Technological Capabilities
- AI-driven localization algorithms
- Real-time currency conversion
- Automated tax and duty calculations
- Multi-language customer support
Market Position
Global-e is recognized as a leader in cross-border e-commerce technology, with partnerships with major platforms like Shopify and Salesforce.
How Global-e Online Ltd. (GLBE) Makes Money
Cross-Border E-Commerce Solutions
Global-e Online Ltd. generates revenue through cross-border e-commerce technology and services. In Q3 2023, the company reported total revenue of $124.6 million, representing a 10.9% year-over-year growth.
| Revenue Stream | Percentage Contribution | 2023 Amount |
|---|---|---|
| Cross-Border Transaction Fees | 65% | $81 million |
| Merchant Services | 25% | $31.15 million |
| Technology Platform Fees | 10% | $12.46 million |
Key Service Offerings
- Localization services for international e-commerce
- Currency conversion
- Cross-border payment processing
- International shipping solutions
Client Base
As of 2023, Global-e serves over 900 enterprise brands across multiple regions, with a 70% concentration in fashion, luxury, and lifestyle sectors.
| Geographic Revenue Distribution | Percentage |
|---|---|
| North America | 42% |
| Europe | 38% |
| Asia-Pacific | 15% |
| Rest of World | 5% |
Pricing Model
Global-e charges merchants a percentage of transaction value, typically ranging from 3.5% to 5.5% per cross-border transaction.
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