Global-e Online Shares Plummet: What’s Dragging Down the E-Commerce Giant in 2025?

Another red day for Global-e—Wall Street’s latest darling takes a nosedive. Here’s why traders are hitting the sell button.

The Bearish Breakdown

No earnings miss or scandal here—just the market’s fickle mood swinging like a wrecking ball. Analysts whisper about slowing cross-border growth while algorithms pile on like vultures.

Liquidity Crunch or Overreaction?

Volume spikes suggest panic, not prudence. Funny how ‘long-term holds’ become fire sales when quarterly projections get a haircut. Classic institutional herd mentality—buy high, sell low, collect fees anyway.

Silver Lining Playbook

Dips create opportunities. Global-e’s infrastructure remains intact, and e-commerce isn’t disappearing. But try telling that to the hedge funds playing hot potato with your retirement fund.

Impressive results in tariff-y times

For the third time in as many quarters, Global-e's stock has dropped following earnings.

With revenue growing 42%, 30%, and 28% over these quarters, it is tough to argue that these sell-offs stem from poor operational results, though.

Instead, Global-e's 42% drop in 2025 seems to stem from factors outside its control.

Since the company's solutions enable its customers to sell products across borders, the ongoing tariff and de minimis changes in the U.S. have soured the market's outlook on Global-e's stock as they complicate cross-border trade.

Image source: Getty Images.

However, this may be a short-sighted outlook.

Last quarter, Global-e rolled out a new 3B2C (business-to-business-to-consumer) solution that "enables global brands to leverage their international footprint in order to partially offset costs due to tariffs."

This complex solution perfectly exemplifies how Global-e thrives amid uncertainty as it helps its customers "go global."

Yes, new tariffs and the de minimis exemption ending may weigh on cross-border trade over the short term. However, that could prove to be a long-term benefit for Global-e as it creates solutions to solve these challenges.

Now trading at 35 times free cash flow, Global-e looks like an outstanding business trading at a reasonable valuation.