Globant S.A. (GLOB)

Globant Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,354	2,096	1,780	1,297	814.14	659.33
Revenue Growth (YoY)	17.35%	17.73%	37.25%	59.32%	23.48%	26.23%
Cost of Revenue	1,506	1,335	1,107	801.4	509.31	404.91
Gross Profit	847.69	761.08	673.51	495.68	304.83	254.41
Selling, General & Admin	569.47	501.4	428.97	314.73	190.8	146.71
Other Operating Expenses	13.83	20.94	17.61	13.26	16.68	17.1
Operating Expenses	602.11	541.14	452.95	335.54	210.56	163.81
Operating Income	245.58	219.94	220.56	160.14	94.27	90.6
Interest Expense	-25.55	-20.07	-14.04	-10.48	-8.88	-5.11
Interest & Investment Income	5.15	4.78	2.83	0.65	1.92	0.96
Earnings From Equity Investments	0.07	0.09	0.12	-0.23	-0.62	-0.22
Currency Exchange Gain (Loss)	-22.01	-22.01	-6.67	3.9	-2.94	-8.84
Other Non Operating Income (Expenses)	3.86	5.92	12.65	-1.07	9.25	0.22
EBT Excluding Unusual Items	207.1	188.65	215.46	152.9	93	77.6
Gain (Loss) on Sale of Investments	24.19	24.19	-7.04	-6.99	-3.04	1.38
Gain (Loss) on Sale of Assets	-1.13	-1.13	-1.63	-0.58	-0.68	-
Asset Writedown	0.82	0.82	-1.02	-0.08	-	-
Legal Settlements	0.12	0.12	-0.24	-2.85	-0.84	-0.29
Other Unusual Items	-19.61	-16.87	-12.65	-17.55	-11.91	-9.66
Pretax Income	213.73	198.02	192.88	124.85	76.52	69.03
Income Tax Expense	42.85	39.51	43.41	28.5	22.31	15.02
Earnings From Continuing Operations	170.89	158.51	149.48	96.36	54.22	54.02
Minority Interest in Earnings	-1.43	0.03	-0.59	-0.29	-	-
Net Income	169.46	158.54	148.89	96.07	54.22	54.02
Net Income to Common	169.46	158.54	148.89	96.07	54.22	54.02
Net Income Growth	8.91%	6.48%	54.99%	77.19%	0.37%	4.52%
Shares Outstanding (Basic)	43	43	42	41	39	37
Shares Outstanding (Diluted)	44	44	43	42	40	38
Shares Change (YoY)	1.96%	1.72%	1.85%	5.94%	5.42%	2.70%
EPS (Basic)	3.92	3.72	3.55	2.35	1.41	1.48
EPS (Diluted)	3.84	3.64	3.47	2.28	1.37	1.43
EPS Growth	7.25%	4.90%	52.19%	66.42%	-4.20%	1.42%
Free Cash Flow	242.53	273.41	150.46	136.21	70.58	59.36
Free Cash Flow Per Share	5.49	6.27	3.51	3.24	1.78	1.58
Gross Margin	36.01%	36.31%	37.83%	38.21%	37.44%	38.59%
Operating Margin	10.43%	10.49%	12.39%	12.35%	11.58%	13.74%
Profit Margin	7.20%	7.56%	8.36%	7.41%	6.66%	8.19%
Free Cash Flow Margin	10.30%	13.04%	8.45%	10.50%	8.67%	9.00%
EBITDA	356.47	312.77	292.83	216.59	125.11	114.86
EBITDA Margin	15.14%	14.92%	16.45%	16.70%	15.37%	17.42%
D&A For EBITDA	110.89	92.84	72.27	56.45	30.84	24.26
EBIT	245.58	219.94	220.56	160.14	94.27	90.6
EBIT Margin	10.43%	10.49%	12.39%	12.35%	11.58%	13.74%
Effective Tax Rate	20.05%	19.95%	22.50%	22.82%	29.15%	21.75%

Source: S&P Capital IQ. Standard template. Financial Sources.