Globant S.A. (NYSE: GLOB) released its audited financial statements for the year ended December 31, 2025, and issued forward‑looking guidance for 2026. The company’s full‑year revenue rose 1.6 % to $2,454.9 million, driven by a mix of steady demand in its core consulting services and growth in its AI‑enabled delivery model. The 2025 diluted earnings per share (EPS) fell to $2.29 from $3.72 in 2024, reflecting a shift toward higher‑margin AI Pods and a modest decline in legacy consulting revenue.
The fourth‑quarter results showed a 4.7 % year‑over‑year decline in revenue to $612.5 million, yet the company beat consensus estimates of $605.84 million. The decline was largely due to a 4.7 % drop in traditional consulting revenue, offset by a 5 % increase in AI‑pod revenue, which carries gross margins of 45‑60 %. EPS for the quarter was $0.93, down from $0.85 in Q4 2024, but the company’s non‑IFRS adjusted diluted EPS of $1.54 matched analyst expectations of $1.54.
Management highlighted the company’s AI strategy as a key growth engine. CEO Martín Migoya said, "We aren't just riding the AI wave; we want to re‑define what the next era of professional services actually looks like." He added that 2025 delivered the company’s highest revenue and strongest free cash flow ever, while simultaneously transforming its delivery model. CFO Juan Urthiague noted, "As we begin 2026, we remain focused on maintaining our discipline to capture the opportunities in our robust pipeline. We maintained a consistent 15.5 % adjusted operating margin through strong operational discipline. I am also proud of our record cash generation, achieving $152.8 million in quarterly free cash flow, the highest in our company's history."
For 2026, Globant raised its revenue guidance to $2,460 million–$2,510 million, representing 0.2 %–2.2 % growth. The company also lifted its non‑IFRS adjusted profit‑from‑operations margin target to 14.0 %–15.0 % and its non‑IFRS adjusted diluted EPS to $6.10–$6.50. Q1 guidance projects revenue of $598 million–$604 million and diluted EPS of $1.44–$1.54, reflecting a modest sequential decline in top line but confidence in maintaining profitability through disciplined cost management and AI‑pod expansion.
Globant faces headwinds from client concentration—its largest customer contributed 8.7 % of revenue—and rising attrition, which climbed to 13.6 % in 2025. Macroeconomic factors such as inflation and foreign‑exchange volatility also pose risks. Nonetheless, the company’s focus on high‑margin AI Pods and strategic partnerships with NVIDIA, OpenAI, AWS, Microsoft, and Google position it to capture new growth opportunities while managing cost pressures.
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