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Side-by-side financial comparison of Global-E Online Ltd. (GLBE) and P3 Health Partners Inc. (PIII). 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 $384.8M, roughly 1.6× P3 Health Partners Inc.). Global-E Online Ltd. runs the higher net margin — 0.9% vs -19.6%, a 20.6% 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.
P3 Health Partners Inc. is a population health management and value-based care services firm operating primarily in the United States. It partners with primary care providers and health systems to deliver coordinated, high-quality care for patient populations, especially Medicare Advantage beneficiaries, focusing on improving health outcomes and lowering unnecessary healthcare costs.
GLBE vs PIII — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $625.5M | $384.8M |
| Net Profit | $5.8M | $-75.5M |
| Gross Margin | 45.0% | — |
| Operating Margin | 1.3% | -40.0% |
| Net Margin | 0.9% | -19.6% |
| Revenue YoY | — | 3.8% |
| Net Profit YoY | — | -28.8% |
| EPS (diluted) | — | $-23.08 |
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.
| Q4 25 | — | $384.8M | ||
| Q3 25 | $625.5M | $345.3M | ||
| Q2 25 | $404.8M | $355.8M | ||
| Q1 25 | $189.9M | $373.2M | ||
| Q4 24 | — | $370.7M | ||
| Q3 24 | $489.9M | $362.1M | ||
| Q2 24 | $313.9M | $379.2M | ||
| Q1 24 | $145.9M | $388.5M |
| Q4 25 | — | $-75.5M | ||
| Q3 25 | $5.8M | $-31.6M | ||
| Q2 25 | $-7.4M | $-20.4M | ||
| Q1 25 | — | $-20.5M | ||
| Q4 24 | — | $-58.6M | ||
| Q3 24 | $-77.1M | $-46.5M | ||
| Q2 24 | $-54.5M | $-12.0M | ||
| Q1 24 | — | $-18.7M |
| Q4 25 | — | — | ||
| Q3 25 | 45.0% | — | ||
| Q2 25 | 44.9% | — | ||
| Q1 25 | 44.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 45.1% | — | ||
| Q2 24 | 44.8% | — | ||
| Q1 24 | 43.4% | — |
| Q4 25 | — | -40.0% | ||
| Q3 25 | 1.3% | -12.8% | ||
| Q2 25 | -2.1% | -9.6% | ||
| Q1 25 | -10.1% | -10.2% | ||
| Q4 24 | — | -37.4% | ||
| Q3 24 | -14.9% | -29.5% | ||
| Q2 24 | -16.6% | -8.3% | ||
| Q1 24 | -20.1% | -11.3% |
| Q4 25 | — | -19.6% | ||
| Q3 25 | 0.9% | -9.1% | ||
| Q2 25 | -1.8% | -5.7% | ||
| Q1 25 | — | -5.5% | ||
| Q4 24 | — | -15.8% | ||
| Q3 24 | -15.7% | -12.8% | ||
| Q2 24 | -17.4% | -3.2% | ||
| Q1 24 | — | -4.8% |
| Q4 25 | — | $-23.08 | ||
| Q3 25 | — | $-9.67 | ||
| Q2 25 | — | $-6.23 | ||
| Q1 25 | — | $-6.28 | ||
| Q4 24 | — | $-23.13 | ||
| Q3 24 | — | $-15.70 | ||
| Q2 24 | — | $-7.37 | ||
| Q1 24 | — | $-7.86 |
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 | $25.0M |
| Total DebtLower is stronger | — | $228.4M |
| Stockholders' EquityBook value | $933.0M | $-155.2M |
| Total Assets | $1.3B | $656.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $25.0M | ||
| Q3 25 | $251.4M | $37.7M | ||
| Q2 25 | $205.2M | $38.6M | ||
| Q1 25 | $207.7M | $40.1M | ||
| Q4 24 | — | $38.8M | ||
| Q3 24 | $207.3M | $63.0M | ||
| Q2 24 | $229.8M | $73.1M | ||
| Q1 24 | $181.9M | $27.3M |
| Q4 25 | — | $228.4M | ||
| Q3 25 | — | $252.8M | ||
| Q2 25 | — | $182.0M | ||
| Q1 25 | — | $171.1M | ||
| Q4 24 | — | $108.9M | ||
| Q3 24 | — | $133.2M | ||
| Q2 24 | — | $133.1M | ||
| Q1 24 | — | $118.1M |
| Q4 25 | — | $-155.2M | ||
| Q3 25 | $933.0M | $-18.7M | ||
| Q2 25 | $909.1M | $44.5M | ||
| Q1 25 | $884.3M | $63.3M | ||
| Q4 24 | — | $75.9M | ||
| Q3 24 | $869.4M | $120.5M | ||
| Q2 24 | $878.7M | $166.8M | ||
| Q1 24 | $886.9M | $146.6M |
| Q4 25 | — | $656.6M | ||
| Q3 25 | $1.3B | $683.6M | ||
| Q2 25 | $1.2B | $731.6M | ||
| Q1 25 | $1.2B | $783.9M | ||
| Q4 24 | — | $783.4M | ||
| Q3 24 | $1.2B | $833.3M | ||
| Q2 24 | $1.1B | $892.8M | ||
| Q1 24 | $1.1B | $855.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.09× | ||
| Q1 25 | — | 2.71× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.11× | ||
| Q2 24 | — | 0.80× | ||
| Q1 24 | — | 0.81× |
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 | — | $-25.7M |
| 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.
| Q4 25 | — | $-25.7M | ||
| Q3 25 | — | $-15.4M | ||
| Q2 25 | — | $-16.6M | ||
| Q1 25 | — | $-33.5M | ||
| Q4 24 | — | $-57.2M | ||
| Q3 24 | — | $-22.6M | ||
| Q2 24 | — | $-10.2M | ||
| Q1 24 | — | $-20.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLBE
Segment breakdown not available.
PIII
| Capitated Revenue | $366.2M | 95% |
| Health Care Patient Service | $18.6M | 5% |
| Health Care Care Coordination Management Fees | $2.7M | 1% |
