Strong Start to 2025
Global-E reported Q1 GMV of $1.24 billion, up 34% year-over-year, and revenues of nearly $190 million, up 30% year-over-year.
Profitability and Growth
Adjusted EBITDA for Q1 was $31.6 million, up 48% compared to the same quarter last year, with a margin of 16.6%. Global-E is expected to move to GAAP profitability starting in Q2.
Strategic Partnership with Shopify
Global-E signed a new three-year strategic partnership agreement with Shopify, which includes a preferred provider status for international merchant of record services and revised commercial terms.
New Offerings and Expansions
Launch of new 3B2C offering to help merchants offset costs due to tariffs, and continued expansion with several luxury and sports brands across various regions.