Globant S A Financials

GLOB

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Globant S A (GLOB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GLOB FY2025 2026-04-22

Cash conversion stayed stronger than reported profit, revealing a business financed conservatively but increasingly squeezed on earnings yield.

From FY2024 to FY2025, net income fell from $169.0M to $104.0M even as operating cash flow moved higher. With operating cash flow at $301.2M and free cash flow at $282.0M, the business converted activity into cash far better than its accounting profit suggested, helped by very light reinvestment needs.

Debt is not the feature shaping this story: cash of $243.7M exceeded long-term debt of $78.4M, and total liabilities still sit well below equity. But goodwill of $1.6B makes the balance sheet heavily acquisition-built, so a large share of assets reflects past deals rather than operating liquidity.

Since FY2021, revenue expanded from $1.3B to $2.5B, yet the added scale has not carried the same earnings efficiency. Net profit margin finished at 4.2% versus 7.4% earlier in the period, which points to a business that got larger without preserving the same profit per dollar of sales.

Financial Health Signals

Financial Profile 42/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Globant S A's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Globant S A's revenue grew a modest 1.6% year-over-year to $2.5B. This slow but positive growth earns a score of 47/100.

Leverage

100

Globant S A carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Globant S A's current ratio of 1.64 is below the typical benchmark, resulting in a score of 29/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Globant S A has a free cash flow margin of 11.5%, earning a moderate score of 53/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Globant S A generates a 4.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is down from 8.3% the prior year.

Piotroski F-Score Neutral

5/9

Globant S A passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.90x

For every $1 of reported earnings, Globant S A generates $2.90 in operating cash flow ($301.2M OCF vs $104.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.5B

YoY+1.6%

5Y CAGR+24.7%

10Y CAGR+25.5%

Globant S A generated $2.5B in revenue in fiscal year 2025. This represents an increase of 1.6% from the prior year.

EBITDA

N/A

Net Income

$104.0M

YoY-38.5%

5Y CAGR+13.9%

10Y CAGR+12.6%

Globant S A reported $104.0M in net income in fiscal year 2025. This represents a decrease of 38.5% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$282.0M

YoY+27.6%

5Y CAGR+31.9%

Globant S A generated $282.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 27.6% from the prior year.

Cash & Debt

$243.7M

YoY+71.5%

5Y CAGR-2.7%

10Y CAGR+20.8%

Globant S A held $243.7M in cash against $78.4M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

44M

YoY-0.4%

5Y CAGR+1.8%

Globant S A had 44M shares outstanding in fiscal year 2025. This represents a decrease of 0.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

4.2%

YoY-2.8pp

5Y CAGR-2.4pp

10Y CAGR-8.2pp

Globant S A's net profit margin was 4.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.8 percentage points from the prior year.

Return on Equity

4.8%

YoY-3.5pp

5Y CAGR-1.4pp

10Y CAGR-14.9pp

Globant S A's ROE was 4.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$19.2M

YoY-30.7%

5Y CAGR-8.1%

10Y CAGR+3.5%

Globant S A invested $19.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 30.7% from the prior year.

GLOB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.5B+1.6%	$2.4B+15.3%	$2.1B+17.7%	$1.8B+37.3%	$1.3B+59.3%	$814.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$6.8M-1.8%	$6.9M+9.9%	$6.3M-7.4%	$6.8M+26.0%	$5.4M+9.5%	$4.9M
Income Tax	$35.2M-15.1%	$41.4M+4.8%	$39.5M-9.0%	$43.4M+52.3%	$28.5M+27.7%	$22.3M
Net Income	$104.0M-38.5%	$169.0M+6.6%	$158.5M+6.0%	$149.5M+55.1%	$96.4M+77.7%	$54.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GLOB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.3B+5.4%	$3.1B+15.5%	$2.7B+24.2%	$2.2B+16.5%	$1.9B+46.2%	$1.3B
Current Assets	$953.8M+13.7%	$838.5M-9.3%	$924.5M+7.8%	$857.6M+4.6%	$819.6M+53.0%	$535.6M
Cash & Equivalents	$243.7M+71.5%	$142.1M-53.7%	$307.2M+5.0%	$292.5M-31.6%	$427.8M+53.4%	$278.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.6B+8.0%	$1.5B+34.2%	$1.1B+50.4%	$735.0M+29.5%	$567.5M+44.5%	$392.8M
Total Liabilities	$1.2B+3.6%	$1.1B+19.8%	$931.2M+45.6%	$639.6M+11.0%	$576.2M+40.9%	$408.8M
Current Liabilities	$580.3M+14.4%	$507.2M-23.8%	$665.3M+55.2%	$428.6M+10.9%	$386.3M+87.9%	$205.6M
Long-Term Debt	$78.4M-10.8%	$87.9M+24.0%	$70.9M-27.3%	$97.5M-10.2%	$108.6M+50.3%	$72.2M
Total Equity	$2.2B+6.3%	$2.0B+13.2%	$1.8B+15.4%	$1.6B+18.9%	$1.3B+48.7%	$879.9M
Retained Earnings	$965.7M+11.9%	$862.8M+23.8%	$697.1M+29.4%	$538.6M+38.2%	$389.7M+32.7%	$293.6M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$3.3B+5.4%	$3.1B+15.5%	$2.7B+24.2%	$2.2B+16.5%	$1.9B+46.2%	$1.3B+87.4%	$687.8M+57.3%	$437.1M
Current Assets	$953.8M+13.7%	$838.5M-9.3%	$924.5M+7.8%	$857.6M+4.6%	$819.6M+53.0%	$535.6M+93.7%	$276.5M+29.8%	$213.0M
Cash & Equivalents	$243.7M+71.5%	$142.1M-53.7%	$307.2M+5.0%	$292.5M-31.6%	$427.8M+53.4%	$278.9M+344.7%	$62.7M-19.2%	$77.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.6B+8.0%	$1.5B+34.2%	$1.1B+50.4%	$735.0M+29.5%	$567.5M+44.5%	$392.8M+108.3%	$188.5M+79.8%	$104.8M
Total Liabilities	$1.2B+3.6%	$1.1B+19.8%	$931.2M+45.6%	$639.6M+11.0%	$576.2M+40.9%	$408.8M+64.2%	$249.1M+151.1%	$99.2M
Current Liabilities	$580.3M+14.4%	$507.2M-23.8%	$665.3M+55.2%	$428.6M+10.9%	$386.3M+87.9%	$205.6M+40.7%	$146.2M+57.4%	$92.9M
Long-Term Debt	$78.4M-10.8%	$87.9M+24.0%	$70.9M-27.3%	$97.5M-10.2%	$108.6M+50.3%	$72.2M+72.3%	$41.9M	$0
Total Equity	$2.2B+6.3%	$2.0B+13.2%	$1.8B+15.4%	$1.6B+18.9%	$1.3B+48.7%	$879.9M+100.6%	$438.7M+29.8%	$337.9M
Retained Earnings	$965.7M+11.9%	$862.8M+23.8%	$697.1M+29.4%	$538.6M+38.2%	$389.7M+32.7%	$293.6M+22.6%	$239.4M+27.8%	$187.3M

GLOB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$301.2M+21.1%	$248.7M-21.9%	$318.5M+61.3%	$197.5M+10.4%	$179.0M+79.2%	$99.9M
Capital Expenditures	$19.2M-30.7%	$27.7M-38.5%	$45.1M-4.1%	$47.1M+10.0%	$42.8M+46.0%	$29.3M
Free Cash Flow	$282.0M+27.6%	$221.0M-19.2%	$273.4M+81.7%	$150.5M+10.5%	$136.2M+93.0%	$70.6M
Investing Cash Flow	-$134.5M+66.7%	-$403.9M-15.3%	-$350.4M-30.1%	-$269.3M+1.3%	-$272.9M-120.0%	-$124.0M
Financing Cash Flow	-$64.6M-1011.4%	-$5.8M-113.0%	$44.5M+167.8%	-$65.7M-126.9%	$244.0M+1.0%	$241.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GLOB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	4.2%-2.8pp	7.0%-0.6pp	7.6%-0.8pp	8.4%+1.0pp	7.4%+0.8pp	6.7%
Return on Equity	4.8%-3.5pp	8.3%-0.5pp	8.8%-0.8pp	9.6%+2.3pp	7.4%+1.2pp	6.2%
Return on Assets	3.1%-2.2pp	5.4%-0.4pp	5.8%-1.0pp	6.8%+1.7pp	5.1%+0.9pp	4.2%
Current Ratio	1.640.0	1.65+0.3	1.39-0.6	2.00-0.1	2.12-0.5	2.60
Debt-to-Equity	0.040.0	0.040.0	0.04-0.0	0.06-0.0	0.080.0	0.08
FCF Margin	11.5%+2.3pp	9.2%-3.9pp	13.0%+4.6pp	8.5%-2.0pp	10.5%+1.8pp	8.7%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.640.0	1.65+0.3	1.39-0.6	2.00-0.1	2.12-0.5	2.60+0.7	1.89-0.4	2.29
Debt-to-Equity	0.040.0	0.040.0	0.04-0.0	0.06-0.0	0.080.0	0.08-0.0	0.10+0.1	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Globant S A's annual revenue?

Globant S A (GLOB) reported $2.5B in total revenue for fiscal year 2025. This represents a 1.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Globant S A's revenue growing?

Globant S A (GLOB) revenue grew by 1.6% year-over-year, from $2.4B to $2.5B in fiscal year 2025.

Is Globant S A profitable?

Yes, Globant S A (GLOB) reported a net income of $104.0M in fiscal year 2025, with a net profit margin of 4.2%.

How much debt does Globant S A have?

As of fiscal year 2025, Globant S A (GLOB) had $243.7M in cash and equivalents against $78.4M in long-term debt.

What is Globant S A's net profit margin?

Globant S A (GLOB) had a net profit margin of 4.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Globant S A's return on equity (ROE)?

Globant S A (GLOB) has a return on equity of 4.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Globant S A's free cash flow?

Globant S A (GLOB) generated $282.0M in free cash flow during fiscal year 2025. This represents a 27.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Globant S A's operating cash flow?

Globant S A (GLOB) generated $301.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Globant S A's total assets?

Globant S A (GLOB) had $3.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Globant S A's capital expenditures?

Globant S A (GLOB) invested $19.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Globant S A have outstanding?

Globant S A (GLOB) had 44M shares outstanding as of fiscal year 2025.

What is Globant S A's current ratio?

Globant S A (GLOB) had a current ratio of 1.64 as of fiscal year 2025, which is generally considered healthy.

What is Globant S A's debt-to-equity ratio?

Globant S A (GLOB) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Globant S A's return on assets (ROA)?

Globant S A (GLOB) had a return on assets of 3.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Globant S A's Piotroski F-Score?

Globant S A (GLOB) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Globant S A's earnings high quality?

Globant S A (GLOB) has an earnings quality ratio of 2.90x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Globant S A?

Globant S A (GLOB) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.