Financial Statements — GLBE
Balance Sheet
(in billions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Cash & Equivalents | 0.25 | 0.25 | 0.20 | 0.17 | 0.45 |
| Short-term Investments | 0.07 | 0.04 | 0.02 | 0.02 | 0.02 |
| Accounts Receivable | 0.06 | 0.04 | 0.03 | 0.02 | 0.01 |
| Total Current Assets | 0.99 | 0.72 | 0.52 | 0.37 | 0.62 |
| Property, Plant & Equipment | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Goodwill | 0.38 | 0.37 | 0.37 | 0.37 | -- |
| Intangible Assets | 0.05 | 0.06 | 0.08 | 0.10 | -- |
| Total Non-current Assets | 0.48 | 0.54 | 0.68 | 0.79 | 0.22 |
| Total Assets | 1.46 | 1.26 | 1.20 | 1.16 | 0.85 |
| Accounts Payable | 0.09 | 0.08 | 0.05 | 0.05 | 0.02 |
| Total Current Liabilities | 0.51 | 0.35 | 0.27 | 0.21 | 0.13 |
| Total Non-current Liabilities* | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 |
| Total Liabilities | 0.53 | 0.37 | 0.30 | 0.23 | 0.15 |
| Retained Earnings | (0.54) | (0.53) | (0.46) | (0.32) | (0.13) |
| Total Stockholder Equity | 0.93 | 0.89 | 0.90 | 0.93 | 0.70 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Total Revenue | 962.20 | 752.76 | 569.95 | 409.05 | 245.27 |
| Cost of Revenue | 525.95 | 413.33 | 336.34 | 250.87 | 153.84 |
| Gross Profit | 436.25 | 339.43 | 233.60 | 158.18 | 91.43 |
| Research & Development | 122.76 | 105.49 | 97.57 | 81.21 | 29.76 |
| Selling, General & Admin | 51.69 | 51.21 | 56.06 | 60.20 | 22.64 |
| Total Operating Expenses | 364.58 | 407.36 | 370.66 | 347.50 | 157.09 |
| Operating Income | 71.67 | (67.93) | (137.06) | (189.32) | (65.66) |
| Pretax Income | 70.50 | (79.39) | (131.80) | (201.42) | (74.23) |
| Tax Provision | 2.23 | (3.84) | 2.01 | (6.01) | 0.71 |
| Net Income | 68.27 | (75.55) | (133.80) | (195.40) | (74.93) |
| Basic EPS | 0.40 | (0.45) | (0.81) | (1.24) | (0.74) |
| Diluted EPS | 0.39 | (0.45) | (0.81) | (1.24) | (0.74) |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Operating Cash Flow | 283.78 | 169.39 | 108.22 | 81.49 | 15.75 |
| Capital Expenditures | 3.10 | 2.34 | 1.74 | 8.35 | 2.88 |
| Free Cash Flow* | 280.68 | 167.06 | 106.48 | 73.13 | 12.87 |
| Investing Cash Flow | (180.71) | (105.12) | (55.04) | (330.10) | (40.49) |
| Financing Cash Flow | (70.82) | 3.28 | 1.99 | 1.24 | 398.61 |
* Derived from reported values
