Tearsheet

Globant (GLOB)

Market Price (12/8/2025): $71.5 | Market Cap: $3.2 Bil
Sector: Information Technology | Industry: IT Consulting & Other Services

Globant (GLOB)

Market Price (12/8/2025): $71.5
Market Cap: $3.2 Bil
Sector: Information Technology
Industry: IT Consulting & Other Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%	Weak multi-year price returns 2Y Excs Rtn is -118%, 3Y Excs Rtn is -130%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -51%	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15%
2	Megatrend and thematic drivers Megatrends include Cloud Computing, Artificial Intelligence, and E-commerce & Digital Retail. Themes include Software as a Service (SaaS), Show more.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -51%
2	Megatrend and thematic drivers Megatrends include Cloud Computing, Artificial Intelligence, and E-commerce & Digital Retail. Themes include Software as a Service (SaaS), Show more.
3	Weak multi-year price returns 2Y Excs Rtn is -118%, 3Y Excs Rtn is -130%
4	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15%

Valuation, Metrics & Events

	12/8/25	2024	2023	2022	2021
Share Price CYE	$71.50	$214.42	$237.98	$168.16	$314.09
Market Cap CYE ($ Bil)	3.2	9.4	10.2	7.1	13.1
Total Debt ($ Bil)	0.5	0.4	0.3	0.1	0.1
Total Cash ($ Bil)	0.2	0.2	0.3	0.3	0.5
Enterprise Value ($ Bil)	3.5	9.8	10.5	7.2	13.2
Valuation Ratios
P/S TTM	1.3	3.9	4.8	4.0	9.9
P/EBIT TTM	18.9	38.9	46.5	34.1	95.0
P/E TTM	32.2	56.1	64.0	47.4	133.9
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9	2.6	4.7
P/EBIT TTM (Sector)	1.4	2.3	-0.2	-0.7	0.1
P/E TTM (Sector)	-0.5	-0.3	-0.5	-0.8	0.0

	12/8/25	2024	2023
Share Price CYE	$71.50	$214.42	$237.98
Market Cap CYE ($ Bil)	3.2	9.4	10.2
Total Debt ($ Bil)	0.5	0.4	0.3
Total Cash ($ Bil)	0.2	0.2	0.3
Enterprise Value ($ Bil)	3.5	9.8	10.5
Valuation Ratios
P/S TTM	1.3	3.9	4.8
P/EBIT TTM	18.9	38.9	46.5
P/E TTM	32.2	56.1	64.0
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9
P/EBIT TTM (Sector)	1.4	2.3	-0.2
P/E TTM (Sector)	-0.5	-0.3	-0.5

	GLOB	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	2.5
Rev Chg Q	0.4%	7.0%
Rev Chg LTM	5.6%	6.0%
Rev Chg 3Y Avg	14.4%	5.5%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	0.2
CFO LTM ($ Bil)	0.3
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	7.1%	18.8%
CFO/Rev LTM	11.2%	20.4%
Net Inc Mgn	4.0%	13.1%
VALUATION	MODERATE
P/S	1.3	3.2
P/CFO	11.5	15.9
P/FCF	20.9	20.5
P/E	32.2	23.3
STABILITY	GOOD
Debt/Equity	0.15	0.20
Cash/Assets	0.05	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Customers with revenues over $1 million	339	6302025	Link
Total Active Customers Served (with revenues over $100,000)	981	6302025	Link
Revenue Percentage from Existing Customers	93.3%	6302025	Link
Total Employees	30084	6302025	Link
Technology, design and innovation professionals	28097	6302025	Link
Net Promoter Score (NPS) Annual Average	84	12312024	Link
Attrition Rate	9.5%	12312024	Link
Number of countries with presence	35	10302025	Link
Revenue per IT Professional	89900	6302025	Link
Revenue from top customer	8.6%	6302025	Link
Revenue from top 5 customers	20.3%	6302025	Link
Revenue from top 10 customers	29.3%	6302025	Link

Recent
11/13/2025	Earnings Release	Rev: $617 Mil (A) vs. $605 Mil (E) EPS: 1.53 (A) vs. $1.54 (E)
Upcoming
2/19/2026	Earnings Release	Rev: - EPS: -

GLOB Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are five key points explaining the positive movement of Globant (GLOB) stock from approximately August 31, 2025, to December 8, 2025: 1. Deepening FIFA and Salesforce Partnerships & AI Focus

Globant's stock saw an 11.9% increase on December 7, 2025, driven by strengthened ties with FIFA and Salesforce. This included an expanded agreement with FIFA to enhance digital platforms and develop a new mobile application, along with Globant being named a Tournament Supporter for upcoming FIFA World Cups. High recognition for its Salesforce capabilities and the Converge 2025 AI event, aimed at transitioning clients to full AI implementation, also contributed to this positive movement. 2. Anticipated Shift to AI Project Production

Market sentiment shows increasing confidence that AI-related projects will move from experimental phases to full production in the coming years. This transition is expected to expand Globant's addressable market and foster higher growth and improved profit margins. The Converge 2025 event is specifically designed to facilitate this shift. 3. Positive Technical Trading Signals and Momentum

As of December 5, 2025, Globant's stock exhibited favorable technical indicators, including buy signals from both short and long-term Moving Averages. The stock had experienced a gain for six consecutive days and achieved a 19.96% increase over the preceding two weeks, reflecting robust positive momentum. 4. Resilient Financial Performance Exceeding Estimates

Globant demonstrated resilient financial performance in its recent results (prior to December 5, 2025), with a quarter-over-quarter revenue increase to $617.1 million, surpassing consensus estimates. The company's forecast for its full-year 2025 revenue, projected to be at least $2.447 billion, also indicated a slight upward revision in growth expectations. 5. Share Buyback Program Supporting Future Upside

The company's ongoing share buyback programs are expected to support its strategic AI expansion initiatives and contribute to future appreciation in the stock price.

Show less

Stock Movement Drivers

Fundamental Drivers

The 12.8% change in GLOB stock from 9/7/2025 to 12/7/2025 was primarily driven by a 26.4% change in the company's P/E Multiple.

	9072025	12072025	Change
Stock Price ($)	63.12	71.21	12.82%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2482.41	2484.89	0.10%
Net Income Margin (%)	4.43%	3.97%	-10.41%
P/E Multiple	25.41	32.11	26.38%
Shares Outstanding (Mil)	44.30	44.50	-0.46%
Cumulative Contribution			12.81%

LTM = Last Twelve Months as of date shown

Market Drivers

9/7/2025 to 12/7/2025

	Return	Correlation
GLOB	12.8%
Market (SPY)	5.9%	39.7%
Sector (XLK)	11.7%	25.9%

Fundamental Drivers

The -29.4% change in GLOB stock from 6/8/2025 to 12/7/2025 was primarily driven by a -35.4% change in the company's Net Income Margin (%).

	6082025	12072025	Change
Stock Price ($)	100.87	71.21	-29.40%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2455.70	2484.89	1.19%
Net Income Margin (%)	6.15%	3.97%	-35.45%
P/E Multiple	29.42	32.11	9.17%
Shares Outstanding (Mil)	44.06	44.50	-1.01%
Cumulative Contribution			-29.41%

LTM = Last Twelve Months as of date shown

Market Drivers

6/8/2025 to 12/7/2025

	Return	Correlation
GLOB	-29.4%
Market (SPY)	14.8%	41.0%
Sector (XLK)	23.4%	30.0%

Fundamental Drivers

The -69.0% change in GLOB stock from 12/7/2024 to 12/7/2025 was primarily driven by a -45.2% change in the company's Net Income Margin (%).

	12072024	12072025	Change
Stock Price ($)	229.73	71.21	-69.00%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2353.91	2484.89	5.56%
Net Income Margin (%)	7.25%	3.97%	-45.23%
P/E Multiple	58.44	32.11	-45.05%
Shares Outstanding (Mil)	43.42	44.50	-2.49%
Cumulative Contribution			-69.02%

LTM = Last Twelve Months as of date shown

Market Drivers

12/7/2024 to 12/7/2025

	Return	Correlation
GLOB	-69.0%
Market (SPY)	13.9%	49.1%
Sector (XLK)	22.5%	47.5%

Fundamental Drivers

The -59.9% change in GLOB stock from 12/8/2022 to 12/7/2025 was primarily driven by a -52.2% change in the company's Net Income Margin (%).

	12082022	12072025	Change
Stock Price ($)	177.74	71.21	-59.94%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1669.34	2484.89	48.86%
Net Income Margin (%)	8.31%	3.97%	-52.19%
P/E Multiple	53.82	32.11	-40.32%
Shares Outstanding (Mil)	41.98	44.50	-6.00%
Cumulative Contribution			-60.08%

LTM = Last Twelve Months as of date shown

Market Drivers

12/8/2023 to 12/7/2025

	Return	Correlation
GLOB	-68.7%
Market (SPY)	52.4%	46.7%
Sector (XLK)	59.2%	44.0%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
GLOB Return	105%	44%	-46%	42%	-10%	-67%	-34%
Peers Return	-19%	7%	-17%	29%	-24%	-41%	-58%
S&P 500 Return	16%	27%	-19%	24%	23%	17%	112%
Monthly Win Rates [3]
GLOB Win Rate	83%	58%	33%	42%	42%	10%
Peers Win Rate	38%	54%	38%	67%	46%	35%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
GLOB Max Drawdown	-31%	-12%	-49%	-18%	-36%	-74%
Peers Max Drawdown	-52%	-13%	-28%	-7%	-31%	-47%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GIB, XRX, BAO, GBH, JAJI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/5/2025 (YTD)

How Low Can It Go

Unique Key	Event	GLOB	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-61.3%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	158.6%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-46.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	85.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	47 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-28.0%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	38.8%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	88 days	120 days

Compare to GIB, XRX, BAO, GBH, JAJI

In The Past

Globant's stock fell -61.3% during the 2022 Inflation Shock from a high on 11/9/2021. A -61.3% loss requires a 158.6% gain to breakeven.

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About Globant (GLOB)

Globant S.A. operates as a technology services company worldwide. It offers e-commerce, new distribution capabilities, augmented revenue management, hyper connected operation, and conversational user experience services through reinvention studios; digital lending, commercial effectiveness, finance, sustainability, regulation analytic, transformation and post-merger integration, and payment and open banking services; and game and graphic engineering, UI and UX design, game as a service, DevOps, and online services, as well as high tech tools. The company also provides smart farming, image diagnosis, healthcare interoperability, genomics data processing, telemedicine and medical device, research and development, and precision medicine services; media and entertainment, and travel and hospitality services; cloud transformation advice, building cloud environment, moving workloads to the cloud, cloud support and operation, chaos engineering, and site reliability engineering services; and data strategies, insights, data platforms, MLOps, and data as a product services. In addition, it offers agile delivery, blockchain, business and cultural hacking, conversational interface, cybersecurity, design, digital sales and marketing, enterprise applications, internet of thing, metaverse, process optimization, quality engineering, salesforce, smart venue, UI engineering, and sustainable business solutions. Further, the company provides smart underwriting, monitoring, and digital collection services; digital experience platforms; product strategy, management, and delivery services; and strategic architecture consulting, platforms evolution, and augmented composable solutions. Additionally, it operates augmented coding and testing, StarMeUp, PagoChat, ShopChat, and Walmeric platforms. The company was formerly known as IT Outsourcing S.L. and changed its name to Globant S.A. in December 2012. Globant S.A. was founded in 2003 and is based in Luxembourg.

AI Generated Analysis | Feedback

Here are 1-2 brief analogies to describe Globant:

Accenture for digital product development and transformation.
A more agile and design-focused Deloitte Digital.

AI Generated Analysis | Feedback

Here are the major services provided by Globant:

Digital Transformation & Consulting: Globant provides strategic consulting and end-to-end execution to help clients innovate and transform their businesses through technology.
Software Product Development: They design, build, and evolve custom software products, digital platforms, and mobile applications for various industries.
Experience Design (UX/UI): Globant creates user-centric strategies and designs engaging user experiences and interfaces for digital products and services.
AI, Data & Analytics Solutions: They develop and implement artificial intelligence, machine learning, and data analytics solutions to derive insights and automate processes.
Cloud Services: Globant offers expertise in cloud strategy, migration, architecture, and optimization to leverage cloud computing platforms effectively.
DevOps & Agile Enablement: They help organizations adopt Agile methodologies and DevOps practices to accelerate software delivery and enhance operational efficiency.
Quality Assurance & Testing: Globant ensures the reliability, performance, and security of digital products through comprehensive quality assurance and testing services.

AI Generated Analysis | Feedback

Globant (symbol: GLOB) primarily sells its services to other companies (B2B) across a wide range of industries globally.

According to its annual reports (e.g., the 2023 10-K), Globant has a highly diversified customer base, with no single customer accounting for more than 5% of its revenues for the years ended December 31, 2023, 2022, and 2021. This indicates that the company does not have a few "major customers" in terms of revenue concentration, but rather serves numerous clients.

While Globant works with hundreds of leading global brands, some examples of prominent companies they have mentioned working with, or whose industries they heavily serve, include:

Technology & Media companies: Such as Google (GOOGL) and Electronic Arts (EA).
Financial Services firms: Such as JPMorgan Chase (JPM) and Santander (SAN).
Consumer & Retail brands: Working with various major retailers and consumer goods companies.
Travel & Hospitality companies: Including major airlines and hotel chains.
Healthcare & Life Sciences organizations.
Professional Services and other industries.

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AI Generated Analysis | Feedback

Martín Migoya Co-Founder & CEO

Martín Migoya co-founded Globant in 2003 alongside three friends, starting the company with approximately $5,000 in initial capital. He has served as CEO since 2005 and led Globant to become the first Latin American software company to have an IPO on the New York Stock Exchange in 2014. Before co-founding Globant, Migoya held roles as a business manager at Origin B.V. Holland and a project manager at Repsol. He also founded the coding school Digital House and is a board member of Endeavor Argentina. Globant received early investments from private equity firms Riverwood Capital and FTV Capital.

Juan Ignacio Urthiague CFO

Juan Ignacio Urthiague joined Globant in 2011 and played a significant role in the company's global expansion and its transition to a publicly listed company on the NYSE. He was appointed CFO in October 2018. Prior to his current role, he served as Global Treasurer, Investor Relations Officer, Head of Financial Services, and Head of Corporate Finance at Globant. From 2017, he spent 15 months outside of Globant, during which he served as CFO Latam for OLX and CFO for Avantrip.com SRL. OLX Global BV is a financial holding company, and Avantrip.com SRL operates an online travel and tourism platform.

Guibert Englebienne Co-Founder, President of Latam & Globant X

Guibert Englebienne is a co-founder of Globant, which he helped establish in 2003. Prior to co-founding Globant, he had already started six other companies. As President of Globant X, he is responsible for initiatives focused on new revenue models and innovation, and as President of Latam, he oversees corporate governance and regional expansion.

Martín Umaran Co-Founder, Chief Corporate Development Officer & President EMEA

Martín Umaran co-founded Globant in 2003. He served as Chief of Staff from 2013 to 2020, coordinating back-office activities and supporting executives. Since 2008, he has also been responsible for the company's mergers and acquisitions processes and strategic initiatives.

Patricia Pomies Chief Operating Officer

Patricia Pomies serves as the Chief Operating Officer of Globant. In 2020, she took on dual roles as Chief People Officer while continuing to oversee Globant's business as Chief Delivery Officer, working to unify strategies for talent retention and development.

AI Generated Analysis | Feedback

The rapid advancement and widespread adoption of Generative AI technologies pose a clear emerging threat to Globant and the broader technology services sector. As AI models become increasingly sophisticated in capabilities such as generating code, automating testing, assisting in design processes, and performing complex data analysis, clients may begin to reduce their reliance on extensive human-led consulting and development services. This shift could lead to a decrease in the demand for certain traditional services offered by Globant, as enterprises increasingly leverage AI tools to achieve efficiencies and build solutions with potentially fewer external human resources. While Globant is actively integrating AI into its own offerings, the rapid pace of AI innovation and its adoption by client companies could fundamentally alter the market dynamics for human-powered digital transformation and software development services.

AI Generated Analysis | Feedback

Globant (symbol: GLOB) offers a comprehensive suite of digital and cognitive transformation services. The addressable markets for their main products and services are sizable across various regions:

Digital Transformation Services:
- Globally, the Digital Transformation Services market is projected to reach approximately USD 1,375.1 billion by the end of 2025, with an expected growth to USD 10,123.1 billion by 2033 at a compound annual growth rate (CAGR) of 28.343% from 2025 to 2033. Other estimates indicate the market size could be around USD 1,107.06 billion in 2025, expanding to USD 1,864.94 billion by 2031 with a CAGR of 9.1% from 2030 to 2036. Another source suggests the global market was valued at USD 757.28 billion in 2023 and is predicted to grow to USD 9,126.18 billion by 2033, with a CAGR of 28.26%.
- In North America, this market is anticipated to hold 39.59% of the global revenue in 2025.
- In Europe, the market is expected to account for 28.69% of the global revenue in 2025.
- The Middle East and North Africa (MENA) region is projected to see IT spending for digital transformation grow by 7.4%, reaching USD 230.7 billion in 2025.
IT Consulting Services:
- The global IT Consulting Services market size is estimated to reach USD 117.1 billion by the end of 2025. Another report states the market was valued at USD 1,094.00714 million in 2025 and is expected to reach USD 1,685.27331 million by 2034, growing at a CAGR of 4.92% from 2025 to 2034.
- North America is expected to hold 27.75% of the global IT consulting services market revenue in 2025, with the USA market valued at USD 140,000 million in 2025.
- Europe is expected to hold 22.60% of the global IT consulting services market revenue in 2025.
- The Asia Information Technology Consulting Services market is valued at USD 150,000 million in 2025.
Digital Transformation Consulting Services:
- Globally, this market is projected to reach USD 56.3 billion by the end of 2025, growing at a CAGR of 11.2% from 2025 to 2033 to reach USD 131.628 billion by 2033.
- North America is expected to hold 39.39% of the global Digital Transformation Consulting Services market revenue in 2025.
Consulting and Integration Services:
- The global Consulting and Integration Services market was valued at USD 366.24 billion in 2023 and is projected to grow to USD 485.89 billion by 2028, at a CAGR of 5.82%.
- The Asia Pacific region is expected to hold the highest market share (34.8%) over the forecast period.
- North America is projected to hold 30.0% of the market share, followed by Western Europe with 18.2%.
AI in the Tourism Market:
- The AI in tourism market is expected to grow from USD 3.4 billion in 2024 to USD 13.9 billion by 2030, globally.
Software Development & Engineering, Digital Experience Design, Cloud Services, Data & Analytics, Artificial Intelligence (AI) & Machine Learning, Cybersecurity, Blockchain Consulting:
- Specific addressable market sizes for these individual services, distinct from the broader "IT Consulting" or "Digital Transformation Services" categories, were not found in the search results. Therefore, for these specific product lines, the market size is null.

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Here are the expected drivers of future revenue growth for Globant (GLOB) over the next 2-3 years:

Expected Drivers of Future Revenue Growth for Globant (GLOB)

Expansion of AI-driven Services and Products: Globant is strategically positioning itself as a full-stack AI company, with significant emphasis on its AI Pods, subscription model, and the Globant Enterprise AI platform. AI-related revenue has shown substantial growth, and the company views AI adoption by its customers as the biggest breakthrough since smartphones, driving demand for enhanced digital products. This focus on AI is expected to be a primary catalyst for future revenue growth, as reflected in a strong pipeline attributed to AI-driven offerings.
Geographic Expansion and Diversification: Globant has demonstrated strong revenue growth in new markets, particularly in Europe, the Middle East, and the APAC region. The company's global revenue stream is diversifying, with significant year-over-year increases in these regions, indicating a successful strategy of expanding its international footprint and reducing reliance on any single market.
Customer Growth and Increased Wallet Share: The company continues to expand its client base, with a growing number of active customers and a notable increase in clients generating over $1 million in annual revenue. Globant aims to increase its "wallet share" with existing customers, signifying a strategy to deepen relationships and provide more comprehensive services to its current clientele. The company also reports a pipeline at an all-time high, with large potential deals in various sectors.
Growth in Key Industry Verticals: Globant is experiencing sequential growth across multiple industry verticals, including travel and hospitality, media and entertainment, BFSI (Banking, Financial Services, and Insurance), consumer, retail, manufacturing, technology and telecommunications, and professional services. This broadening of its business across diverse sectors reflects strong demand and contributes to overall revenue acceleration.

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Share Repurchases

Globant approved a new share repurchase program on October 1, 2025, authorizing up to $50 million per quarter, with a maximum aggregate of $125 million, for repurchases from the fourth quarter of 2025 through the fourth quarter of 2026.
The program is intended to deliver enhanced value to shareholders and demonstrates confidence in Globant's long-term strategy, supported by free cash flow generation.
Globant's common stock repurchases for fiscal years ending December include: -$7.256 million in 2021, -$9.316 million in 2022, -$11.523 million in 2023, and -$10.675 million in 2024.

Share Issuance

Information on the dollar amount of shares issued by Globant in the last 3-5 years through primary offerings or direct issuances for cash is not readily available in the provided search results.

Inbound Investments

No significant large investments made in Globant by third-parties (such as strategic partners or private equity firms) have been disclosed within the last 3-5 years.

Outbound Investments

Globant has been active in acquisitions, with net cash outflow for business acquisitions and disposals reported as -$165.31 million in 2020, -$149.11 million in 2021, -$267.63 million in 2022, and -$301.07 million in 2023.
Recent significant acquisitions include Exusia (October 2024), Iteris (January 2024), GUT (November 2023), Pentalog (May 2023), and Vertic (January 2023), among others.
In 2020, Globant acquired BiLive, grupoAssa, Xappia, Giant Monkey Robot "GMR", and BlueCap, and also announced the acquisition of gA to enhance its capabilities in Life Sciences, CPG, Manufacturing, and Logistics.

Capital Expenditures

Globant's capital expenditures averaged $38.393 million annually for fiscal years ending December 2020 to 2024.
Capital expenditures were $29.294 million in 2020, $42.766 million in 2021, $47.063 million in 2022 (peaking in this year), $45.11 million in 2023, and $27.733 million in 2024 (a 5-year low).
Projected capital expenditures are $146 million for 2025, $171 million for 2026, and are expected to be around 6% of revenue in upcoming years.

Better Bets than Globant (GLOB)

	GLOB	Better Performance than GLOB
Metric	Value	INDUSTRY: IT Consulting & Other Services
Rev Chg LTM	5.6%	EPAM (14.3%), APLD (9.3%), GIB (8.4%), CTSH (7.4%), ACN (7.4%)
Rev Chg 3Y Avg	14.4%	VYX (9716.9%), ADEA (177.5%), APLD (172.2%), TSSI (137.3%), INOD (48.9%)
Op Mgn LTM	7.1%	FISV (28.7%), IBM (17.7%), GIB (16.4%), CTSH (15.7%), ACN (14.7%)
CFO/Rev LTM	11.2%	FISV (30.0%), IBM (20.6%), ACN (16.5%), CTSH (14.1%), GIB (14.0%)
FCF/Rev LTM	6.1%	FISV (21.8%), IBM (18.1%), ACN (15.6%), CTSH (12.7%), GIB (12.3%)
Total Yield	3.1%	FISV (10.1%), GIB (8.5%), ACN (7.4%), CTSH (7.0%), IBM (5.4%)
P/S	1.3	INGM (0.1), DXC (0.2), KD (0.5), TDC (1.2), GIB (1.2)
P/Op Inc	17.9	FISV (5.9), GIB (7.5), CTSH (10.0), ACN (15.0), IT (17.0)

	GLOB	Better Performance than GLOB
Metric	Value	SECTOR: Information Technology
Rev Chg LTM	5.6%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), ORCL (9.7%), AAPL (6.0%)
Rev Chg 3Y Avg	14.4%	NVDA (92.0%), APP (36.0%), PLTR (29.3%), AVGO (24.0%), MU (20.3%)
Op Mgn LTM	7.1%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), AAPL (31.9%), ORCL (31.6%)
CFO/Rev LTM	11.2%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), ORCL (36.5%), AAPL (26.6%)
FCF/Rev LTM	6.1%	PLTR (46.0%), NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%)
Total Yield	3.1%	CSCO (5.4%), IBM (5.4%), MU (4.8%), CRM (3.4%), MSFT (3.4%)
P/S	1.3	HPQ (0.4), JBL (0.8), HPE (0.8), DELL (0.8), FLEX (0.8)
P/Op Inc	17.9	DELL (12.0), QCOM (14.5), ACN (15.0), TEL (15.6), AMAT (16.9)

	GLOB	Better Performance than GLOB
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	5.6%	LLY (36.8%), META (21.3%), GOOGL (13.4%), AMZN (10.9%), JPM (8.6%)
Rev Chg 3Y Avg	14.4%	LLY (23.4%), BRK-B (19.8%), META (17.3%), ISRG (16.3%), GE (15.7%)
Op Mgn LTM	7.1%	META (43.2%), LLY (43.0%), GOOGL (32.2%), XOM (11.4%), AMZN (11.4%)
CFO/Rev LTM	11.2%	META (56.8%), GOOGL (39.3%), LLY (20.5%), AMZN (18.1%), TSLA (16.5%)
FCF/Rev LTM	6.1%	MA (52.5%), META (23.7%), GOOGL (19.1%), XOM (8.8%), TSLA (7.1%)
Total Yield	3.1%	JPM (6.7%), BRK-B (6.2%), GOOGL (4.6%), WMT (3.6%), META (3.5%)
P/S	1.3	CVS (0.2), MCK (0.2), UNH (0.7), CMCSA (0.9), WMT (1.1)
P/Op Inc	17.9	UNH (11.9), XOM (12.4), HD (16.4), V (16.6), PG (17.5)

		Best Bets In Information Technology Sector
	GLOB	VRSN	IDCC	NVDA	GEN	DBX	YOU	MPWR	DAVE	FISV	CRUS
What You Pay
P/E	32.1	32.2	17.9	44.5	30.7	15.7	17.7	23.3	18.3	9.9	16.9
P/EBIT	18.8	23.2	14.5	38.2	10.9	12.8	19.3	63.7	20.9	6.0	13.3
What You Get
Rev Chg Q	0.4%	7.3%	28.0%	55.6%	25.3%	-0.7%	15.5%	18.9%	63.0%	0.9%	3.5%
Rev Chg LTM	5.6%	5.5%	28.8%	71.6%	16.2%	-0.4%	17.8%	30.5%	53.8%	5.2%	2.2%
Rev Chg 3Y Avg	14.4%	5.2%	27.1%	92.0%	16.5%	3.4%	31.0%	17.2%	38.6%	6.8%	-0.1%
FCF/Rev 3Y Avg	6.8%	57.4%	54.2%	41.3%	36.7%	33.4%	32.5%	28.6%	26.0%	21.5%	21.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Would You Still Hold Globant Stock If It Fell 30%?	Return
2	GLOB Dip Buy Analysis
3	Globant (GLOB) Valuation Ratios Comparison	Financials
4	Globant Total Shareholder Return (TSR): -9.9% in 2024 and -11.9% 3-yr compounded annual returns (below peer average)
5	Should You Buy Globant Stock?	Buy or Fear
6	Globant (GLOB) Operating Cash Flow Comparison	Financials
7	Globant (GLOB) Net Income Comparison	Financials
8	Globant (GLOB) Operating Income Comparison	Financials
9	Globant (GLOB) Revenue Comparison	Financials
10	Fundamental Metrics: ...

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to GLOB. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	8.3%	8.3%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	5.5%	5.5%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	14.7%	14.7%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	6.9%	6.9%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	9.0%	9.0%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	8.3%	8.3%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	5.5%	5.5%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	14.7%	14.7%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	6.9%	6.9%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	9.0%	9.0%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
DBRG	DigitalBridge	2.5	45.3%	25.5%
ALMS	Alumis	0.9	34.0%	41.5%
PRAX	Praxis Precision Medicines	5.5	30.5%	222.2%
RBRK	Rubrik	16.8	22.5%	32.0%
BBOT	BridgeBio Oncology Therapeutics	1.1	18.6%
VSCO	Victoria's Secret	3.9	18.0%	18.4%
TE	T1 Energy	0.9	14.1%
ULTA	Ulta Beauty	27.0	12.7%	38.3%
IOT	Samsara	25.9	11.1%	3.5%
TTAN	ServiceTitan	9.7	10.5%	2.7%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSN	Parsons	7.1	-21.1%	-27.8%
BW	Babcock & Wilcox Enterprises	0.6	-15.9%	246.3%
ADPT	Adaptive Biotechnologies	2.2	-15.5%	146.0%
S	SentinelOne	4.8	-14.4%	-34.6%
IMSR	Terrestrial Energy	0.9	-13.7%
WLYB	John Wiley & Sons	1.7	-12.0%	-24.8%
AGX	Argan	4.3	-12.0%	130.9%
DOCS	Doximity	8.6	-10.5%	-14.0%
PSKY	Paramount Skydance	9.0	-9.8%
ORLA	Orla Mining	4.0	-9.8%	124.2%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TLRY	Tilray Brands	7.8	804.1%	-44.7%
HPP	Hudson Pacific Properties	6.1	580.8%	-36.4%
DBRG	DigitalBridge	2.5	45.4%	25.5%
ALMS	Alumis	0.9	45.0%	41.5%
TE	T1 Energy	0.9	41.5%
MPLT	MapLight Therapeutics	0.8	35.7%
PATH	UiPath	10.0	34.7%	46.9%
VERA	Vera Therapeutics	2.9	33.0%	6.2%
AEVA	Aeva Technologies	0.9	31.8%	209.5%
ASTS	AST SpaceMobile	17.9	31.5%	250.3%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.0	-51.6%	-69.2%
CTEV	Claritev	0.6	-37.2%
SYM	Symbotic	6.5	-28.7%	151.8%
ADPT	Adaptive Biotechnologies	2.2	-25.0%	146.0%
QURE	uniQure	1.2	-22.5%	20.8%
CMCL	Caledonia Mining	0.5	-21.6%	164.8%
PSN	Parsons	7.1	-21.3%	-27.8%
HOV	Hovnanian Enterprises	0.7	-21.2%	-22.5%
UP	Wheels Up Experience	0.4	-21.1%	-63.3%
PSTG	Pure Storage	23.1	-20.8%	14.7%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
LXP	LXP Industrial Trust	2.8	402.5%	25.5%
OLMA	Olema Pharmaceuticals	2.3	242.3%	366.7%
COGT	Cogent Biosciences	5.3	168.9%	397.1%
ALMS	Alumis	0.9	143.3%	41.5%
CDTX	Cidara Therapeutics	5.9	125.7%	719.8%
VERA	Vera Therapeutics	2.9	86.3%	6.2%
SGML	Sigma Lithium	1.0	82.8%	-16.0%
NUVB	Nuvation Bio	2.9	73.8%	221.4%
FRGE	Forge Global	0.6	69.6%	217.3%
IRWD	Ironwood Pharmaceuticals	0.6	68.9%	-21.4%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-49.6%	-63.3%
CCOI	Cogent Communications	0.9	-48.7%	-72.8%
CTEV	Claritev	0.6	-47.8%
BTDR	Bitdeer Technologies	2.3	-46.5%	-45.5%
AMSC	American Superconductor	1.4	-45.4%	31.8%
SMR	NuScale Power	3.2	-43.6%	19.3%
FRMI	Fermi	10.6	-42.7%
TLRY	Tilray Brands	7.8	-42.6%	-44.7%
PRCH	Porch	1.0	-41.4%	90.2%
ARDT	Ardent Health	1.2	-40.1%	-48.5%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
DBRG	DigitalBridge	2.5	45.3%	25.5%
ALMS	Alumis	0.9	34.0%	41.5%
PRAX	Praxis Precision Medicines	5.5	30.5%	222.2%
RBRK	Rubrik	16.8	22.5%	32.0%
BBOT	BridgeBio Oncology Therapeutics	1.1	18.6%
VSCO	Victoria's Secret	3.9	18.0%	18.4%
TE	T1 Energy	0.9	14.1%
ULTA	Ulta Beauty	27.0	12.7%	38.3%
IOT	Samsara	25.9	11.1%	3.5%
TTAN	ServiceTitan	9.7	10.5%	2.7%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSN	Parsons	7.1	-21.1%	-27.8%
BW	Babcock & Wilcox Enterprises	0.6	-15.9%	246.3%
ADPT	Adaptive Biotechnologies	2.2	-15.5%	146.0%
S	SentinelOne	4.8	-14.4%	-34.6%
IMSR	Terrestrial Energy	0.9	-13.7%
WLYB	John Wiley & Sons	1.7	-12.0%	-24.8%
AGX	Argan	4.3	-12.0%	130.9%
DOCS	Doximity	8.6	-10.5%	-14.0%
PSKY	Paramount Skydance	9.0	-9.8%
ORLA	Orla Mining	4.0	-9.8%	124.2%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TLRY	Tilray Brands	7.8	804.1%	-44.7%
HPP	Hudson Pacific Properties	6.1	580.8%	-36.4%
DBRG	DigitalBridge	2.5	45.4%	25.5%
ALMS	Alumis	0.9	45.0%	41.5%
TE	T1 Energy	0.9	41.5%
MPLT	MapLight Therapeutics	0.8	35.7%
PATH	UiPath	10.0	34.7%	46.9%
VERA	Vera Therapeutics	2.9	33.0%	6.2%
AEVA	Aeva Technologies	0.9	31.8%	209.5%
ASTS	AST SpaceMobile	17.9	31.5%	250.3%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.0	-51.6%	-69.2%
CTEV	Claritev	0.6	-37.2%
SYM	Symbotic	6.5	-28.7%	151.8%
ADPT	Adaptive Biotechnologies	2.2	-25.0%	146.0%
QURE	uniQure	1.2	-22.5%	20.8%
CMCL	Caledonia Mining	0.5	-21.6%	164.8%
PSN	Parsons	7.1	-21.3%	-27.8%
HOV	Hovnanian Enterprises	0.7	-21.2%	-22.5%
UP	Wheels Up Experience	0.4	-21.1%	-63.3%
PSTG	Pure Storage	23.1	-20.8%	14.7%

Peer Comparisons for Globant

Peers to compare with:

Financials

	GLOB	GIB	XRX	BAO	GBH	JAJI	Median
Name	Globant	CGI	Xerox	BAO	Gigabit	JAJI Glo.
Mkt Price	71.21	92.26	2.69	-	-	-	71.21
Mkt Cap	3.2	20.3	0.3	-	-	-	3.2
Rev LTM	2,485	15,913	6,174	-	-	-	6,174
Op Inc LTM	177	2,612	131	-	-	-	177
FCF LTM	152	1,964	302	-	-	-	302
FCF 3Y Avg	155	1,904	376	-	-	-	376
CFO LTM	278	2,234	367	-	-	-	367
CFO 3Y Avg	280	2,184	425	-	-	-	425

Growth & Margins

	GLOB	GIB	XRX	BAO	GBH	JAJI	Median
Name	Globant	CGI	Xerox	BAO	Gigabit	JAJI Glo.
Rev Chg LTM	5.6%	8.4%	-5.0%	-	-	-	5.6%
Rev Chg 3Y Avg	14.4%	7.4%	-3.7%	-	-	-	7.4%
Rev Chg Q	0.4%	9.7%	-0.1%	-	-	-	0.4%
QoQ Delta Rev Chg LTM	0.1%	2.3%	-0.0%	-	-	-	0.1%
Op Mgn LTM	7.1%	16.4%	2.1%	-	-	-	7.1%
Op Mgn 3Y Avg	9.3%	16.4%	3.7%	-	-	-	9.3%
QoQ Delta Op Mgn LTM	-0.4%	0.1%	-0.6%	-	-	-	-0.4%
CFO/Rev LTM	11.2%	14.0%	5.9%	-	-	-	11.2%
CFO/Rev 3Y Avg	12.3%	14.6%	6.5%	-	-	-	12.3%
FCF/Rev LTM	6.1%	12.3%	4.9%	-	-	-	6.1%
FCF/Rev 3Y Avg	6.8%	12.7%	5.7%	-	-	-	6.8%

Valuation

	GLOB	GIB	XRX	BAO	GBH	JAJI	Median
Name	Globant	CGI	Xerox	BAO	Gigabit	JAJI Glo.
Mkt Cap	3.2	20.3	0.3	-	-	-	3.2
P/S	1.3	1.2	0.1	-	-	-	1.2
P/EBIT	18.8	8.3	-0.6	-	-	-	8.3
P/E	32.1	11.8	-0.5	-	-	-	11.8
P/CFO	11.4	8.8	1.8	-	-	-	8.8
Total Yield	3.1%	8.5%	-214.5%	-	-	-	3.1%
Dividend Yield	0.0%	0.0%	0.0%	-	-	-	0.0%
FCF Yield 3Y Avg	3.2%	8.5%	31.5%	-	-	-	8.5%
D/E	0.1	0.2	5.9	-	-	-	0.2
Net D/E	0.1	0.2	5.3	-	-	-	0.2

Returns

	GLOB	GIB	XRX	BAO	GBH	JAJI	Median
Name	Globant	CGI	Xerox	BAO	Gigabit	JAJI Glo.
1M Rtn	17.3%	7.2%	-12.1%	-	-	-	7.2%
3M Rtn	12.8%	-4.5%	-30.9%	-	-	-	-4.5%
6M Rtn	-29.4%	-14.2%	-47.0%	-	-	-	-29.4%
12M Rtn	-69.0%	-17.8%	-66.6%	-	-	-	-66.6%
3Y Rtn	-59.9%	7.8%	-79.3%	-	-	-	-59.9%
1M Excs Rtn	17.2%	2.0%	-13.5%	-	-	-	2.0%
3M Excs Rtn	9.9%	-10.1%	-35.1%	-	-	-	-10.1%
6M Excs Rtn	-43.9%	-28.7%	-61.5%	-	-	-	-43.9%
12M Excs Rtn	-81.5%	-30.9%	-81.1%	-	-	-	-81.1%
3Y Excs Rtn	-130.4%	-62.1%	-148.2%	-	-	-	-130.4%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/13/2025	2/28/2025	2/29/2024	2/28/2023	2/28/2022	2/26/2021	2/28/2020
Key Financials
Total Revenue	2,485	2,416	2,096	1,780	1,297	814	659
EBITDA	168	402	358	315	216	134	113
Operating Income	177	232	218	213	152	87	82
Net Income	99	166	159	149	96	54	54
EPS	2.27	3.82	3.72	3.55	2.35	1.41	1.48
Growth Rates
Total Revenue Growth	5.6%	15.3%	17.7%	37.3%	59.3%	23.5%	26.2%
EBITDA Growth	-29.7%	12.3%	13.7%	46.0%	61.1%	18.5%	27.4%
Operating Income Growth	-24.8%	6.7%	2.2%	40.2%	74.5%	6.6%	15.7%
Net Income Growth	-42.2%	4.5%	6.5%	55.0%	77.2%	0.4%	4.7%
Margins
EBITDA Margin	6.8%	16.6%	17.1%	17.7%	16.6%	16.4%	17.1%
Operating Income Margin	7.1%	9.6%	10.4%	12.0%	11.7%	10.7%	12.4%
Net Income Margin	4.0%	6.9%	7.6%	8.4%	7.4%	6.7%	8.2%
Cash & Debt
Total Cash	174	158	327	344	462	300	87
Total Debt	474	410	278	139	147	114	113
Net Debt / (Cash)	300	252	-49	-205	-315	-186	26
Cash Flows
Net Cash from Operations	278	249	319	198	179	100	80
Free Cash from Operations	152	135	192	102	101	46	48
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	11	12	9	7	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/13/2025	8/14/2025	5/15/2025	2/28/2025	11/14/2024	8/15/2024	5/16/2024	2/29/2024	11/16/2023	8/17/2023	5/18/2023	2/28/2023
Key Financials Quarterly
Total Revenue	617	614	611	642	615	587	571	581	545	498	472	491
Ebitda	58	7	49	55	64	56	64	55	60	52	51	53
Operating Income	59	11	52	56	69	57	50	60	56	53	49	60
Net Income	34	-2	31	36	46	39	45	41	44	37	36	39
EPS	0.74	-0.05	0.70	0.88	1.00	0.89	1.05	0.98	1.01	0.87	0.86	0.93
Key Financials TTM
Total Revenue TTM	2,485	2,482	2,456	2,416	2,354	2,285	2,195	2,096	2,006	1,920	1,851	1,780
Ebitda TTM	168	174	224	239	239	236	231	218	216	206	205	207
Operating Income TTM	177	187	234	232	236	223	219	218	218	215	211	213
Net Income TTM	99	110	151	165	171	169	167	159	156	148	148	149
Growth Rates Quarterly
Total Revenue Growth	0.4%	4.5%	7.0%	10.6%	12.7%	18.1%	20.9%	18.3%	18.8%	15.9%	17.7%	29.2%
EBITDA Growth	-8.6%	-88.5%	-24.2%	-0.4%	5.7%	8.3%	26.3%	3.4%	20.2%	1.5%	-3.0%	32.5%
Operating Income Growth	-14.8%	-81.5%	2.8%	-5.5%	23.5%	6.8%	2.4%	0.1%	5.3%	7.4%	-3.6%	33.7%
Net Income Growth	-24.9%	-106.2%	-32.0%	-12.5%	3.9%	4.5%	23.7%	6.7%	21.4%	-0.3%	-0.6%	34.6%
Margins Quarterly
EBITDA Margin	9.5%	1.1%	8.0%	8.5%	10.4%	9.6%	11.2%	9.4%	11.1%	10.5%	10.7%	10.8%
Operating Income Margin	9.5%	1.7%	8.4%	8.8%	11.2%	9.7%	8.8%	10.3%	10.2%	10.7%	10.4%	12.2%
Net Income Margin	5.5%	-0.4%	5.0%	5.6%	7.4%	6.6%	7.9%	7.1%	8.0%	7.4%	7.7%	7.9%
Cash & Debt
Total Cash	174	184	128	158	217	185	244	327	226	281	297	344
Total Debt	474	537	402	410	308	243	225	278	173	126	131	139
Net Debt / (Cash)	300	353	275	252	90	59	-18	-49	-53	-156	-166	-205
Cash Flows Quarterly
FCF from Operations	92	22	16	148	91	10	11	195	87	37	34	99
Cash Flows TTM
FCF from Operations TTM	278	276	264	259	306	303	330	353	257	246	254	198
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	10.7%	2.2%	11.3%	14.2%	19.1%	17.2%	15.7%	20.2%	18.1%	19.4%	18.3%	24.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	8.9%	9.6%	13.2%	13.8%	16.3%	16.8%	17.7%	17.7%	17.4%	19.5%	19.7%	21.6%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Single Segment	2,096	1,780	1,297	814	659
Total	2,096	1,780	1,297	814	659

Price Behavior

Price Behavior

Market Price	$71.21
Market Cap ($ Bil)	3.2
First Trading Date	07/18/2014
Distance from 52W High	-69.0%
	50 Days	200 Days
DMA Price	$60.96	$89.56
DMA Trend	down	indeterminate
Distance from DMA	16.8%	-20.5%
	3M	1YR
Volatility	44.4%	59.8%
Downside Capture	112.46	207.14
Upside Capture	139.20	65.60
Correlation (SPY)	38.8%	48.8%

GLOB Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.50	1.43	1.40	1.74	1.48	1.54
Up Beta	1.74	2.31	2.68	2.46	1.50	1.30
Down Beta	-0.89	1.40	1.27	1.31	1.59	1.85
Up Capture	230%	154%	72%	67%	45%	162%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	9	21	29	55	107	372
Down Capture	151%	100%	136%	225%	144%	110%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	10	19	32	69	140	377

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of GLOB With Other Asset Classes (Last 1Y)
	GLOB	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-68.5%	25.1%	14.7%	58.7%	6.1%	-4.3%	-6.8%
Annualized Volatility	59.3%	27.5%	19.6%	19.4%	15.9%	17.7%	35.8%
Sharpe Ratio	-1.68	0.79	0.57	2.26	0.19	-0.40	-0.04
Correlation With Other Assets		47.6%	49.1%	-3.3%	16.1%	30.7%	26.7%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of GLOB With Other Asset Classes (Last 5Y)
	GLOB	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-17.6%	20.0%	15.1%	18.2%	11.9%	4.9%	37.5%
Annualized Volatility	49.5%	24.6%	17.1%	15.5%	18.8%	19.0%	49.0%
Sharpe Ratio	-0.20	0.73	0.71	0.94	0.52	0.17	0.65
Correlation With Other Assets		56.9%	55.7%	6.8%	9.1%	41.4%	27.8%

Based On 10-Year Data

		Comparison of GLOB With Other Asset Classes (Last 10Y)
	GLOB	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	7.0%	22.3%	14.5%	14.3%	5.9%	5.2%	73.7%
Annualized Volatility	46.6%	24.2%	18.1%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.32	0.84	0.69	0.80	0.26	0.22	0.93
Correlation With Other Assets		57.1%	55.6%	3.9%	13.6%	41.3%	16.8%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	6,666,763
Short Interest: % Change Since 10312025	-1.9%
Average Daily Volume	1,682,907
Days-to-Cover Short Interest	3.96
Basic Shares Quantity	44,502,000
Short % of Basic Shares	15.0%

Returns Analyses

	Title
0	Would You Still Hold Globant Stock If It Fell 30%?

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11132025	6-K 9/30/2025
6302025	8142025	6-K 6/30/2025
3312025	5152025	6-K 3/31/2025
12312024	2282025	20-F 12/31/2024
9302024	11142024	6-K 9/30/2024
6302024	8152024	6-K 6/30/2024
3312024	5162024	6-K 3/31/2024
12312023	2292024	20-F 12/31/2023
9302023	11162023	6-K 9/30/2023
6302023	8172023	6-K 6/30/2023
3312023	5182023	6-K 3/31/2023
12312022	2282023	20-F 12/31/2022
9302022	11172022	6-K 9/30/2022
6302022	8182022	6-K 6/30/2022
3312022	5192022	6-K 3/31/2022
12312021	2282022	20-F 12/31/2021

External Quote Links

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1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Globant (GLOB)

Market Price (12/8/2025): $71.5 | Market Cap: $3.2 BilSector: Information Technology | Industry: IT Consulting & Other Services

Globant (GLOB)

Market Price (12/8/2025): $71.5Market Cap: $3.2 BilSector: Information TechnologyIndustry: IT Consulting & Other Services

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GLOB Stock

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Market Price (12/8/2025): $71.5 | Market Cap: $3.2 Bil
Sector: Information Technology | Industry: IT Consulting & Other Services

Market Price (12/8/2025): $71.5
Market Cap: $3.2 Bil
Sector: Information Technology
Industry: IT Consulting & Other Services