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Side-by-side financial comparison of Global-E Online Ltd. (GLBE) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
VinFast Auto Ltd. is the larger business by last-quarter revenue ($718.6M vs $625.5M, roughly 1.1× Global-E Online Ltd.). Global-E Online Ltd. runs the higher net margin — 0.9% vs -2.8%, a 3.7% 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.
VinFast Auto Ltd. is a Vietnamese multinational automotive company founded by Vingroup, one of the largest private conglomerates in Vietnam that was founded by Phạm Nhật Vượng.
GLBE vs VFS — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $625.5M | $718.6M |
| Net Profit | $5.8M | $-20.0M |
| Gross Margin | 45.0% | — |
| Operating Margin | 1.3% | -96.1% |
| Net Margin | 0.9% | -2.8% |
| Revenue YoY | — | — |
| 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.
| Q3 25 | $625.5M | $718.6M | ||
| Q2 25 | $404.8M | $663.0M | ||
| Q1 25 | $189.9M | $656.5M | ||
| Q3 24 | $489.9M | $511.6M | ||
| Q2 24 | $313.9M | — | ||
| Q1 24 | $145.9M | $302.6M |
| Q3 25 | $5.8M | $-20.0M | ||
| Q2 25 | $-7.4M | $-51.8M | ||
| Q1 25 | — | $-26.1M | ||
| Q3 24 | $-77.1M | $-10.4M | ||
| Q2 24 | $-54.5M | — | ||
| Q1 24 | — | $-618.3M |
| Q3 25 | 45.0% | — | ||
| Q2 25 | 44.9% | — | ||
| Q1 25 | 44.3% | — | ||
| Q3 24 | 45.1% | — | ||
| Q2 24 | 44.8% | — | ||
| Q1 24 | 43.4% | — |
| Q3 25 | 1.3% | -96.1% | ||
| Q2 25 | -2.1% | -79.0% | ||
| Q1 25 | -10.1% | -74.0% | ||
| Q3 24 | -14.9% | -65.9% | ||
| Q2 24 | -16.6% | — | ||
| Q1 24 | -20.1% | -139.4% |
| Q3 25 | 0.9% | -2.8% | ||
| Q2 25 | -1.8% | -7.8% | ||
| Q1 25 | — | -4.0% | ||
| Q3 24 | -15.7% | -2.0% | ||
| Q2 24 | -17.4% | — | ||
| Q1 24 | — | -204.3% |
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 | $8.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $933.0M | — |
| Total Assets | $1.3B | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $251.4M | $8.8M | ||
| Q2 25 | $205.2M | $650.0M | ||
| Q1 25 | $207.7M | $2.4M | ||
| Q3 24 | $207.3M | $1.9M | ||
| Q2 24 | $229.8M | — | ||
| Q1 24 | $181.9M | $3.0M |
| Q3 25 | $933.0M | — | ||
| Q2 25 | $909.1M | $-7.2B | ||
| Q1 25 | $884.3M | — | ||
| Q3 24 | $869.4M | — | ||
| Q2 24 | $878.7M | — | ||
| Q1 24 | $886.9M | — |
| Q3 25 | $1.3B | $183.2M | ||
| Q2 25 | $1.2B | $7.2B | ||
| Q1 25 | $1.2B | $158.2M | ||
| Q3 24 | $1.2B | $151.8M | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | $145.6M |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLBE
Segment breakdown not available.
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
