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Side-by-side financial comparison of Global-E Online Ltd. (GLBE) and UL Solutions Inc. (ULS). 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 $340.0M, roughly 1.8× UL Solutions Inc.).
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.
The UL enterprise is a global private safety company headquartered in Northbrook, Illinois, composed of three organizations, UL Research Institutes, UL Standards & Engagement and UL Solutions.
GLBE vs ULS — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $625.5M | $340.0M |
| Net Profit | $5.8M | — |
| Gross Margin | 45.0% | — |
| Operating Margin | 1.3% | 24.4% |
| Net Margin | 0.9% | — |
| Revenue YoY | — | -12.4% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | — |
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 | — | $340.0M | ||
| Q4 25 | — | $789.0M | ||
| Q3 25 | $625.5M | $783.0M | ||
| Q2 25 | $404.8M | $776.0M | ||
| Q1 25 | $189.9M | $705.0M | ||
| Q4 24 | — | $739.0M | ||
| Q3 24 | $489.9M | $731.0M | ||
| Q2 24 | $313.9M | $730.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $67.0M | ||
| Q3 25 | $5.8M | $100.0M | ||
| Q2 25 | $-7.4M | $91.0M | ||
| Q1 25 | — | $67.0M | ||
| Q4 24 | — | $81.0M | ||
| Q3 24 | $-77.1M | $88.0M | ||
| Q2 24 | $-54.5M | $101.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 49.7% | ||
| Q3 25 | 45.0% | 50.3% | ||
| Q2 25 | 44.9% | 49.4% | ||
| Q1 25 | 44.3% | 48.4% | ||
| Q4 24 | — | 47.4% | ||
| Q3 24 | 45.1% | 49.0% | ||
| Q2 24 | 44.8% | 50.1% |
| Q1 26 | — | 24.4% | ||
| Q4 25 | — | 15.0% | ||
| Q3 25 | 1.3% | 19.9% | ||
| Q2 25 | -2.1% | 17.9% | ||
| Q1 25 | -10.1% | 15.5% | ||
| Q4 24 | — | 15.6% | ||
| Q3 24 | -14.9% | 17.8% | ||
| Q2 24 | -16.6% | 17.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.5% | ||
| Q3 25 | 0.9% | 12.8% | ||
| Q2 25 | -1.8% | 11.7% | ||
| Q1 25 | — | 9.5% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | -15.7% | 12.0% | ||
| Q2 24 | -17.4% | 13.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.33 | ||
| Q3 25 | — | $0.49 | ||
| Q2 25 | — | $0.45 | ||
| Q1 25 | — | $0.33 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | — | $0.44 | ||
| Q2 24 | — | $0.50 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $933.0M | — |
| Total Assets | $1.3B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $295.0M | ||
| Q3 25 | $251.4M | $255.0M | ||
| Q2 25 | $205.2M | $272.0M | ||
| Q1 25 | $207.7M | $267.0M | ||
| Q4 24 | — | $298.0M | ||
| Q3 24 | $207.3M | $327.0M | ||
| Q2 24 | $229.8M | $295.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $491.0M | ||
| Q3 25 | — | $544.0M | ||
| Q2 25 | — | $608.0M | ||
| Q1 25 | — | $653.0M | ||
| Q4 24 | — | $742.0M | ||
| Q3 24 | — | $797.0M | ||
| Q2 24 | — | $810.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $933.0M | $1.2B | ||
| Q2 25 | $909.1M | $1.1B | ||
| Q1 25 | $884.3M | $970.0M | ||
| Q4 24 | — | $904.0M | ||
| Q3 24 | $869.4M | $872.0M | ||
| Q2 24 | $878.7M | $769.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | $1.3B | $2.9B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | $1.2B | $2.9B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | $1.2B | $2.9B | ||
| Q2 24 | $1.1B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | 0.82× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 1.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
