Globant S.A. (GLOB)

Globant Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,456	2,416	2,096	1,780	1,297	814.14
Revenue Growth (YoY)	11.90%	15.26%	17.73%	37.25%	59.32%	23.48%
Cost of Revenue	1,569	1,540	1,335	1,107	801.4	509.31
Gross Profit	886.94	875.93	761.08	673.51	495.68	304.83
Selling, General & Admin	603.41	590.8	501.4	428.97	314.73	190.8
Other Operating Expenses	23.4	23.88	20.94	17.61	13.26	16.68
Operating Expenses	633.78	621.65	541.14	452.95	335.54	210.56
Operating Income	253.16	254.28	219.94	220.56	160.14	94.27
Interest Expense	-31.02	-28.66	-20.07	-14.04	-10.48	-8.88
Interest & Investment Income	5.12	5.3	4.78	2.83	0.65	1.92
Earnings From Equity Investments	0.22	0.22	0.09	0.12	-0.23	-0.62
Currency Exchange Gain (Loss)	0.19	0.19	-22.01	-6.67	3.9	-2.94
Other Non Operating Income (Expenses)	-15.16	2.1	5.92	12.65	-1.07	9.25
EBT Excluding Unusual Items	212.52	233.44	188.65	215.46	152.9	93
Gain (Loss) on Sale of Investments	0.91	0.91	24.19	-7.04	-6.99	-3.04
Gain (Loss) on Sale of Assets	-0.97	-0.97	-1.13	-1.63	-0.58	-0.68
Asset Writedown	0.17	0.17	0.82	-1.02	-0.08	-
Legal Settlements	-0.13	-0.13	0.12	-0.24	-2.85	-0.84
Other Unusual Items	-19.97	-23	-16.87	-12.65	-17.55	-11.91
Pretax Income	192.55	210.43	198.02	192.88	124.85	76.52
Income Tax Expense	36.98	41.43	39.51	43.41	28.5	22.31
Earnings From Continuing Operations	155.57	169	158.51	149.48	96.36	54.22
Minority Interest in Earnings	-4.26	-3.27	0.03	-0.59	-0.29	-
Net Income	151.31	165.73	158.54	148.89	96.07	54.22
Net Income to Common	151.31	165.73	158.54	148.89	96.07	54.22
Net Income Growth	-9.49%	4.54%	6.48%	54.99%	77.19%	0.37%
Shares Outstanding (Basic)	44	43	43	42	41	39
Shares Outstanding (Diluted)	45	45	44	43	42	40
Shares Change (YoY)	2.43%	2.28%	1.72%	1.85%	5.94%	5.42%
EPS (Basic)	3.47	3.82	3.72	3.55	2.35	1.41
EPS (Diluted)	3.38	3.72	3.64	3.47	2.28	1.37
EPS Growth	-11.52%	2.20%	4.90%	52.19%	66.42%	-4.20%
Free Cash Flow	220.12	220.99	273.41	150.46	136.21	70.58
Free Cash Flow Per Share	4.91	4.96	6.27	3.51	3.24	1.78
Gross Margin	36.12%	36.26%	36.31%	37.83%	38.21%	37.44%
Operating Margin	10.31%	10.53%	10.49%	12.39%	12.35%	11.58%
Profit Margin	6.16%	6.86%	7.56%	8.36%	7.41%	6.66%
Free Cash Flow Margin	8.96%	9.15%	13.05%	8.45%	10.50%	8.67%
EBITDA	380.01	372.81	312.77	293.25	216.59	125.11
EBITDA Margin	15.47%	15.43%	14.92%	16.47%	16.70%	15.37%
D&A For EBITDA	126.85	118.53	92.84	72.69	56.45	30.84
EBIT	253.16	254.28	219.94	220.56	160.14	94.27
EBIT Margin	10.31%	10.53%	10.49%	12.39%	12.35%	11.58%
Effective Tax Rate	19.20%	19.69%	19.95%	22.50%	22.82%	29.15%

Updated May 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q