GLOB Filings — Globant S.a.

GLOB Filings — Globant S.a. - FilingSpy

20-F · Fiscal year ended Dec 31, 2025 · SEC filing ↗

Revenue stalled at $2.45B and net income fell 38.5% as a $52M restructuring charge and rising finance costs hit the bottom line.

growth ground to a near halt. Revenue rose just 1.6% to $2.45 billion while fell 38.5% to $104.0 million, driven by a $52.0 million business optimization charge and higher finance expenses that more than offset a recovery in . The company is cutting costs to protect margins, but demand has clearly softened.

Key takeaways

rose 1.6% to $2.45 billion, a sharp deceleration from 15.3% growth in 2024, as a 4.4% decline in Time & Materials revenue offset a 13.2% increase in Fixed Price contracts and growth in New Markets.
contracted to 5.7% from 8.7% a year earlier, weighed down by a $52.0 million charge for a Business Optimization Plan launched in April 2025, which included workforce reductions.
fell 38.5% to $104.0 million, with dropping to $2.29 from $3.72, as the , a $7.6 million increase in finance expenses, and a $6.5 million swing in other income and expenses compounded the margin pressure.

Section summaries

Quantitative and Qualitative Disclosures About Market Risk

Our consolidated financial statements are prepared in conformity with IFRS Accounting Standards, as issued by the IASB. We are exposed to a variety of risks in the ordinary course of our business, including, but not limited to, credit risk, liquidity risk and interest rate risk. We regularly assess each of these risks to minimize any adverse effects on our business as a result of those factors. For discussion and sensitivity analyses of our exposure to these risks, see note 29 to our consolidated financial statements included elsewhere herein.

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Risk Factors

Key risks include AI market uncertainty, workforce attrition (13.6% in 2025), client concentration, global economic/political volatility, and evolving tax/regulatory burdens.

GLOB

GLOB

Revenue stalled at $2.45B and net income fell 38.5% as a $52M restructuring charge and rising finance costs hit the bottom line.

Key takeaways

Section summaries

Quantitative and Qualitative Disclosures About Market Risk

Risk Factors

What changed

What to watch

Business

Management's Discussion and Analysis