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Side-by-side financial comparison of Global-E Online Ltd. (GLBE) and Grocery Outlet Holding Corp. (GO). Click either name above to swap in a different company.
Grocery Outlet Holding Corp. is the larger business by last-quarter revenue ($1.2B vs $625.5M, roughly 1.9× Global-E Online Ltd.). Global-E Online Ltd. runs the higher net margin — 0.9% vs -18.5%, a 19.4% gap on every dollar of revenue.
Global-E Online Ltd. operates a leading cross-border e-commerce enablement platform that helps direct-to-consumer brands and retail enterprises expand their international sales reach. It offers end-to-end services including localized checkout, payment processing, customs clearance, logistics coordination, and duty calculation, serving clients across North America, Europe, and the Asia-Pacific region.
Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.
GLBE vs GO — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $625.5M | $1.2B |
| Net Profit | $5.8M | $-224.9M |
| Gross Margin | 45.0% | 29.7% |
| Operating Margin | 1.3% | — |
| Net Margin | 0.9% | -18.5% |
| Revenue YoY | — | 10.7% |
| Net Profit YoY | — | -669.9% |
| EPS (diluted) | — | $-2.22 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $1.2B | ||
| Q3 25 | $625.5M | $1.2B | ||
| Q2 25 | $404.8M | $1.2B | ||
| Q1 25 | $189.9M | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $489.9M | $1.1B | ||
| Q2 24 | $313.9M | $1.1B | ||
| Q1 24 | $145.9M | $1.0B |
| Q1 26 | — | $-224.9M | ||
| Q3 25 | $5.8M | $11.6M | ||
| Q2 25 | $-7.4M | $5.0M | ||
| Q1 25 | — | $-23.3M | ||
| Q4 24 | — | $2.3M | ||
| Q3 24 | $-77.1M | $24.2M | ||
| Q2 24 | $-54.5M | $14.0M | ||
| Q1 24 | — | $-1.0M |
| Q1 26 | — | 29.7% | ||
| Q3 25 | 45.0% | 30.4% | ||
| Q2 25 | 44.9% | 30.6% | ||
| Q1 25 | 44.3% | 30.4% | ||
| Q4 24 | — | 29.5% | ||
| Q3 24 | 45.1% | 31.1% | ||
| Q2 24 | 44.8% | 30.9% | ||
| Q1 24 | 43.4% | 29.3% |
| Q1 26 | — | — | ||
| Q3 25 | 1.3% | 2.0% | ||
| Q2 25 | -2.1% | 1.1% | ||
| Q1 25 | -10.1% | -2.0% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | -14.9% | 3.6% | ||
| Q2 24 | -16.6% | 2.3% | ||
| Q1 24 | -20.1% | 0.1% |
| Q1 26 | — | -18.5% | ||
| Q3 25 | 0.9% | 1.0% | ||
| Q2 25 | -1.8% | 0.4% | ||
| Q1 25 | — | -2.1% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | -15.7% | 2.2% | ||
| Q2 24 | -17.4% | 1.2% | ||
| Q1 24 | — | -0.1% |
| Q1 26 | — | $-2.22 | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $0.05 | ||
| Q1 25 | — | $-0.24 | ||
| Q4 24 | — | $0.03 | ||
| Q3 24 | — | $0.24 | ||
| Q2 24 | — | $0.14 | ||
| Q1 24 | — | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $251.4M | $69.6M |
| Total DebtLower is stronger | — | $15.0M |
| Stockholders' EquityBook value | $933.0M | $983.7M |
| Total Assets | $1.3B | $3.1B |
| Debt / EquityLower = less leverage | — | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $69.6M | ||
| Q3 25 | $251.4M | $52.1M | ||
| Q2 25 | $205.2M | $55.2M | ||
| Q1 25 | $207.7M | $50.9M | ||
| Q4 24 | — | $62.8M | ||
| Q3 24 | $207.3M | $68.7M | ||
| Q2 24 | $229.8M | $67.1M | ||
| Q1 24 | $181.9M | $66.9M |
| Q1 26 | — | $15.0M | ||
| Q3 25 | — | $500.3M | ||
| Q2 25 | — | $473.9M | ||
| Q1 25 | — | $475.7M | ||
| Q4 24 | — | $477.5M | ||
| Q3 24 | — | $429.3M | ||
| Q2 24 | — | $379.2M | ||
| Q1 24 | — | $291.0M |
| Q1 26 | — | $983.7M | ||
| Q3 25 | $933.0M | $1.2B | ||
| Q2 25 | $909.1M | $1.2B | ||
| Q1 25 | $884.3M | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $869.4M | $1.2B | ||
| Q2 24 | $878.7M | $1.2B | ||
| Q1 24 | $886.9M | $1.2B |
| Q1 26 | — | $3.1B | ||
| Q3 25 | $1.3B | $3.4B | ||
| Q2 25 | $1.2B | $3.3B | ||
| Q1 25 | $1.2B | $3.3B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | $1.2B | $3.1B | ||
| Q2 24 | $1.1B | $3.1B | ||
| Q1 24 | $1.1B | $3.0B |
| Q1 26 | — | 0.02× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.31× | ||
| Q1 24 | — | 0.24× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $222.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $222.1M | ||
| Q3 25 | — | $17.3M | ||
| Q2 25 | — | $73.6M | ||
| Q1 25 | — | $58.9M | ||
| Q4 24 | — | $39.5M | ||
| Q3 24 | — | $23.0M | ||
| Q2 24 | — | $41.6M | ||
| Q1 24 | — | $7.8M |
| Q1 26 | — | — | ||
| Q3 25 | — | $-21.6M | ||
| Q2 25 | — | $14.4M | ||
| Q1 25 | — | $-1.5M | ||
| Q4 24 | — | $-19.6M | ||
| Q3 24 | — | $-19.3M | ||
| Q2 24 | — | $2.7M | ||
| Q1 24 | — | $-38.4M |
| Q1 26 | — | — | ||
| Q3 25 | — | -1.8% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | -0.1% | ||
| Q4 24 | — | -1.8% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | -3.7% |
| Q1 26 | — | — | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 5.0% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 4.5% |
| Q1 26 | — | — | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | — | 14.84× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 17.09× | ||
| Q3 24 | — | 0.95× | ||
| Q2 24 | — | 2.97× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
