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GLOB

Globant S.A.

GLOB

Globant S.A. • NYSE
$63.63 ▲ 1.03% (+0.65)
Market Cap $2.80 B
52w High $234.78
52w Low $54.36
Dividend Yield 0%
P/E 29.05
Volume 375.07K
Outstanding Shares 44.05M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $617.143M ▲ $119.051M ▼ $33.102M ▲ 5.364% ▲ $0.74 ▲ $98.518M ▲
Q2-2025 $614.18M ▲ $211.783M ▲ $-2.383M ▼ -0.388% ▼ $-0.054 ▼ $47.507M ▼
Q1-2025 $611.085M ▼ $163.374M ▼ $30.635M ▼ 5.013% ▼ $0.7 ▼ $89.424M ▲
Q4-2024 $642.483M ▲ $183.379M ▲ $38.408M ▼ 5.978% ▼ $0.88 ▼ $88.504M ▼
Q3-2024 $614.667M $157.068M $45.541M 7.409% $1.05 $97.633M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $166.954M ▼ $3.346B ▼ $1.102B ▼ $2.174B ▲
Q2-2025 $174.243M ▲ $3.397B ▲ $1.208B ▲ $2.12B ▲
Q1-2025 $127.582M ▼ $3.241B ▲ $1.119B ▼ $2.051B ▲
Q4-2024 $158.239M ▼ $3.167B ▲ $1.133B ▲ $1.964B ▲
Q3-2024 $217.251M $2.899B $944.986M $1.89B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $33.102M ▲ $92.091M ▲ $-27.236M ▲ $-73.287M ▼ $-12.525M ▼ $67.478M ▲
Q2-2025 $-2.383M ▼ $21.878M ▲ $-68.763M ▼ $103.757M ▲ $53.427M ▲ $-2.857M ▲
Q1-2025 $30.635M ▼ $15.691M ▼ $-26.489M ▲ $-16.98M ▼ $-28.089M ▲ $-5.714M ▼
Q4-2024 $38.408M ▼ $125.127M ▲ $-262.525M ▼ $83.975M ▲ $-56.938M ▼ $171.896M ▲
Q3-2024 $43.606M $90.537M $-89.596M $41.044M $41.402M $69.727M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown strongly over the past five years, showing that demand for Globant’s services has been rising at a healthy pace. Profitability has also improved, with operating and net income climbing over time, though profit growth now appears slower than revenue growth, suggesting some pressure on margins. Earnings per share have moved up consistently, but more gradually in recent years, which may indicate higher costs to support expansion or more competitive pricing. Overall, the income statement paints a picture of a mature high‑growth business: still expanding well, but with less room for easy margin gains than in the early years.

Balance Sheet

Balance Sheet The balance sheet has expanded steadily, reflecting continuous investment and growth in the business. Equity has increased each year, which is generally a sign of retained profits and a stronger capital base. Debt levels have risen but remain clearly below total equity, implying a moderate and still manageable use of borrowing. Cash on hand is lower than a couple of years ago, which suggests greater deployment of funds into operations or investments and makes the company somewhat more reliant on future cash generation and credit access.

Cash Flow

Cash Flow Globant consistently generates positive cash from its operations, a key strength that supports ongoing growth without depending entirely on external financing. Free cash flow has remained positive throughout the period, even as the company continues to invest in expanding its capabilities. Capital spending has been meaningful but not excessive, and appears to be easing recently, which can support near‑term cash flow but may also signal more selective investment. Overall, the cash flow profile looks solid, but the recent dip in operating cash compared with the prior year is worth monitoring as the company scales.

Competitive Edge

Competitive Edge Globant operates in a crowded global IT services market but differentiates itself through a strong focus on digital transformation and advanced AI‑driven solutions. Its studio model, which groups experts by technology and industry, helps build deep domain knowledge and makes it easier to deliver tailored solutions rather than generic outsourcing. Long‑term relationships with major clients, plus partnerships with large cloud and software providers, add credibility and create some switching costs, though the moat is better described as narrow than unassailable. The main risks are intense competition from larger consulting and IT firms, pricing pressure in commoditized work, and the need to continually refresh skills to stay ahead in fast‑moving technologies.

Innovation and R&D

Innovation and R&D Innovation is a clear pillar of Globant’s strategy, centered on embedding AI across its services and building reusable technology platforms. Its work on agentic AI, AI Pods, and proprietary tools like Enterprise AI, GeneXus, and MagnifAI shows a shift from pure services toward a hybrid of services plus products, which can deepen client relationships and improve margins if adoption is strong. The company is also investing in future‑oriented areas such as synthetic humans, quantum‑related capabilities, and immersive digital experiences, while committing heavily to talent expansion in Latin America. The key uncertainty is execution: turning a broad and ambitious R&D agenda into scalable, profitable offerings requires careful prioritization and constant adaptation as technology and client needs evolve.

Summary

Taken together, Globant shows the profile of a fast‑growing, innovation‑driven IT services company that has successfully scaled beyond its early stage. The income statement highlights strong growth with gradually moderating margin gains, while the balance sheet and cash flows suggest a generally healthy, though increasingly invested, financial position. Competitively, its AI‑centric approach, studio structure, and proprietary platforms provide differentiation, but the moat remains exposed to powerful global rivals and rapid technological change. Future performance will largely depend on how well Globant converts its AI platforms and new delivery models into durable, higher‑margin revenue, while preserving its culture and talent edge as it grows.

NEWS

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Globant Reports 2025 Third Quarter Financial Results

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