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Side-by-side financial comparison of Global-E Online Ltd. (GLBE) and MADRIGAL PHARMACEUTICALS, INC. (MDGL). Click either name above to swap in a different company.

Global-E Online Ltd. is the larger business by last-quarter revenue ($625.5M vs $321.1M, roughly 1.9× MADRIGAL PHARMACEUTICALS, INC.). Global-E Online Ltd. runs the higher net margin — 0.9% vs -18.2%, a 19.2% 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.

Intercept Pharmaceuticals, Inc. is an American biopharmaceutical company incorporated in 2002, focusing on the development of novel synthetic bile acid analogs to treat chronic liver diseases, such as primary biliary cirrhosis (PBC) now called primary biliary cholangitis, non-alcoholic fatty liver disease, cirrhosis, portal hypertension, primary sclerosing cholangitis and also the intestinal disorder, bile acid diarrhea.

GLBE vs MDGL — Head-to-Head

Bigger by revenue
GLBE
GLBE
1.9× larger
GLBE
$625.5M
$321.1M
MDGL
Higher net margin
GLBE
GLBE
19.2% more per $
GLBE
0.9%
-18.2%
MDGL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GLBE
GLBE
MDGL
MDGL
Revenue
$625.5M
$321.1M
Net Profit
$5.8M
$-58.6M
Gross Margin
45.0%
Operating Margin
1.3%
-18.6%
Net Margin
0.9%
-18.2%
Revenue YoY
210.8%
Net Profit YoY
1.4%
EPS (diluted)
$-2.55

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.

Revenue
GLBE
GLBE
MDGL
MDGL
Q4 25
$321.1M
Q3 25
$625.5M
$287.3M
Q2 25
$404.8M
$212.8M
Q1 25
$189.9M
$137.3M
Q4 24
$103.3M
Q3 24
$489.9M
$62.2M
Q2 24
$313.9M
Q1 24
$145.9M
$0
Net Profit
GLBE
GLBE
MDGL
MDGL
Q4 25
$-58.6M
Q3 25
$5.8M
$-114.2M
Q2 25
$-7.4M
$-42.3M
Q1 25
$-73.2M
Q4 24
$-59.4M
Q3 24
$-77.1M
$-107.0M
Q2 24
$-54.5M
Q1 24
$-147.5M
Gross Margin
GLBE
GLBE
MDGL
MDGL
Q4 25
Q3 25
45.0%
Q2 25
44.9%
Q1 25
44.3%
96.7%
Q4 24
Q3 24
45.1%
Q2 24
44.8%
Q1 24
43.4%
Operating Margin
GLBE
GLBE
MDGL
MDGL
Q4 25
-18.6%
Q3 25
1.3%
-39.7%
Q2 25
-2.1%
-22.2%
Q1 25
-10.1%
-57.8%
Q4 24
-64.8%
Q3 24
-14.9%
-187.1%
Q2 24
-16.6%
Q1 24
-20.1%
Net Margin
GLBE
GLBE
MDGL
MDGL
Q4 25
-18.2%
Q3 25
0.9%
-39.8%
Q2 25
-1.8%
-19.9%
Q1 25
-53.4%
Q4 24
-57.5%
Q3 24
-15.7%
-172.0%
Q2 24
-17.4%
Q1 24
EPS (diluted)
GLBE
GLBE
MDGL
MDGL
Q4 25
$-2.55
Q3 25
$-5.08
Q2 25
$-1.90
Q1 25
$-3.32
Q4 24
$-2.50
Q3 24
$-4.92
Q2 24
Q1 24
$-7.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GLBE
GLBE
MDGL
MDGL
Cash + ST InvestmentsLiquidity on hand
$251.4M
$198.7M
Total DebtLower is stronger
$339.9M
Stockholders' EquityBook value
$933.0M
$602.7M
Total Assets
$1.3B
$1.3B
Debt / EquityLower = less leverage
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLBE
GLBE
MDGL
MDGL
Q4 25
$198.7M
Q3 25
$251.4M
$295.7M
Q2 25
$205.2M
$186.2M
Q1 25
$207.7M
$183.6M
Q4 24
$100.0M
Q3 24
$207.3M
$232.7M
Q2 24
$229.8M
Q1 24
$181.9M
$622.5M
Total Debt
GLBE
GLBE
MDGL
MDGL
Q4 25
$339.9M
Q3 25
$339.8M
Q2 25
$118.4M
Q1 25
$118.0M
Q4 24
$117.6M
Q3 24
$117.1M
Q2 24
Q1 24
$116.1M
Stockholders' Equity
GLBE
GLBE
MDGL
MDGL
Q4 25
$602.7M
Q3 25
$933.0M
$625.7M
Q2 25
$909.1M
$696.0M
Q1 25
$884.3M
$710.6M
Q4 24
$754.4M
Q3 24
$869.4M
$777.2M
Q2 24
$878.7M
Q1 24
$886.9M
$850.8M
Total Assets
GLBE
GLBE
MDGL
MDGL
Q4 25
$1.3B
Q3 25
$1.3B
$1.4B
Q2 25
$1.2B
$1.0B
Q1 25
$1.2B
$996.6M
Q4 24
$1.0B
Q3 24
$1.2B
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
$1.1B
Debt / Equity
GLBE
GLBE
MDGL
MDGL
Q4 25
0.56×
Q3 25
0.54×
Q2 25
0.17×
Q1 25
0.17×
Q4 24
0.16×
Q3 24
0.15×
Q2 24
Q1 24
0.14×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GLBE
GLBE
MDGL
MDGL
Operating Cash FlowLast quarter
$-133.5M
Free Cash FlowOCF − Capex
$-133.8M
FCF MarginFCF / Revenue
-41.7%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLBE
GLBE
MDGL
MDGL
Q4 25
$-133.5M
Q3 25
$79.8M
Q2 25
$-47.1M
Q1 25
$-88.9M
Q4 24
$-104.5M
Q3 24
$-67.0M
Q2 24
Q1 24
$-149.2M
Free Cash Flow
GLBE
GLBE
MDGL
MDGL
Q4 25
$-133.8M
Q3 25
$79.0M
Q2 25
Q1 25
Q4 24
$-104.7M
Q3 24
$-67.8M
Q2 24
Q1 24
$-149.5M
FCF Margin
GLBE
GLBE
MDGL
MDGL
Q4 25
-41.7%
Q3 25
27.5%
Q2 25
Q1 25
Q4 24
-101.3%
Q3 24
-109.0%
Q2 24
Q1 24
Capex Intensity
GLBE
GLBE
MDGL
MDGL
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
1.3%
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GLBE
GLBE

Segment breakdown not available.

MDGL
MDGL

Rebates Customer Fees Credits Co Pay Assistance And Other$208.5M65%
Other$76.0M24%
Chargebacks Discounts For Prompt Pay And Other Allowances$36.6M11%

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