Globant SA (GLOB) financial statements
Globant SA reported revenue of $2.5B in fiscal 2025, up 25.3% a year over 9 years.
Net income was $103M and the operating margin 7.0%, against 15.4% in 2016.
Free cash flow was $212M, and the company returned $56M in net buybacks.
The diluted share count rose 27% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Globant SA's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $323M | $413M | $522M | $659M | $814M | $1.3B | $1.8B | $2.1B | $2.4B | $2.5B |
| Cost of revenue | $191M | $263M | $319M | $405M | $510M | $802M | $1.1B | $1.3B | $1.6B | $1.6B |
| Gross profit | $131M | $150M | $204M | $254M | $304M | $495M | $669M | $756M | $863M | $859M |
| Selling, general and admin | $81M | $111M | $133M | $172M | $217M | $343M | $456M | $537M | $633M | $629M |
| Operating income | $50M | $33M | $67M | $81M | $84M | $144M | $207M | $199M | $225M | $172M |
| Interest expense | $19M | $11M | $2M | $7M | $10M | $13M | $17M | $24M | $32M | $41M |
| Pre-tax income | $50M | $39M | $67M | $69M | $77M | $125M | $193M | $198M | $210M | $139M |
| Income tax | $14M | $8M | $16M | $15M | $22M | $28M | $43M | $40M | $41M | $35M |
| Net income | $36M | $31M | $52M | $54M | $54M | $96M | $149M | $159M | $166M | $103M |
| EPS (diluted) | $1.01 | $0.84 | $1.41 | $1.43 | $1.37 | $2.28 | $3.47 | $3.64 | $3.72 | $2.29 |
| Diluted shares | 35M | 36M | 37M | 38M | 40M | 42M | 43M | 44M | 45M | 45M |
| Gross margin | 40.7% | 36.3% | 39.0% | 38.5% | 37.4% | 38.2% | 37.6% | 36.1% | 35.7% | 35.0% |
| Operating margin | 15.4% | 8.0% | 12.8% | 12.2% | 10.3% | 11.1% | 11.6% | 9.5% | 9.3% | 7.0% |
| Net margin | 11.1% | 7.4% | 9.9% | 8.2% | 6.7% | 7.4% | 8.4% | 7.6% | 6.9% | 4.2% |
Balance sheet
Fiscal years, from Globant SA's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $60M | $61M | $86M | $83M | $298M | $460M | $341M | $323M | $156M | $250M |
| Receivables | $54M | $80M | $111M | $157M | $196M | $300M | $425M | $499M | $605M | $578M |
| Total current assets | $134M | $156M | $213M | $276M | $536M | $820M | $858M | $925M | $839M | $954M |
| Property, plant and equipment | $36M | $44M | $51M | $88M | $101M | $133M | $162M | $163M | $155M | $137M |
| Goodwill | $65M | $99M | $105M | $189M | $393M | $567M | $735M | $1.1B | $1.5B | $1.6B |
| Total assets | $285M | $357M | $437M | $688M | $1.3B | $1.9B | $2.2B | $2.7B | $3.1B | $3.3B |
| Total current liabilities | $55M | $74M | $93M | $146M | $206M | $386M | $429M | $665M | $507M | $580M |
| Long-term debt | — | — | $0 | $50M | $25M | $2M | $861,000 | $2M | $291M | $347M |
| Total liabilities | $76M | $94M | $99M | $249M | $409M | $576M | $640M | $931M | $1.1B | $1.2B |
| Shareholders' equity | $209M | $263M | $338M | $439M | $880M | $1.3B | $1.5B | $1.7B | $2.0B | $2.1B |
| Net debt | -$50M | -$47M | -$78M | -$11M | -$253M | -$416M | -$289M | -$148M | $150M | $123M |
Cash flow
Fiscal years, from Globant SA's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $31M | $43M | $67M | $80M | $100M | $179M | $198M | $319M | $249M | $301M |
| Capital spending | $24M | $28M | $29M | $32M | $53M | $78M | $95M | $127M | $114M | $89M |
| Free cash flow | $7M | $15M | $38M | $48M | $46M | $101M | $102M | $192M | $135M | $212M |
| Stock-based compensation | $4M | $13M | $11M | $15M | $22M | $37M | $60M | $73M | $82M | $76M |
| Share buybacks (net) | — | — | — | $0 | $0 | -$7M | -$9M | -$12M | -$11M | -$56M |
| Net borrowing | -$543,000 | $6M | -$6M | $50M | -$39M | -$16M | -$8M | $124M | $93M | $74M |
| Free cash flow margin | 2.3% | 3.6% | 7.3% | 7.2% | 5.7% | 7.8% | 5.7% | 9.1% | 5.6% | 8.6% |
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Open GLOB in InvestinglyQuestions
What was Globant SA's revenue in 2025?
$2.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Globant SA generate?
$212M in fiscal 2025 (operating cash flow minus capital spending).
From Globant SA's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.