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6-K 1 tm2531108d2_6k.htm FORM 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2025

Commission File Number 001-36535

GLOBANT S.A.

(Translation of registrant’s name into English)

37A, Avenue J.F. Kennedy

L-1855, Luxembourg

Tel: + 352 20 30 15 96

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports

under cover of Form 20-F or Form 40-F:

x Form 20-F

¨ Form 40-F

GLOBANT S.A.

FORM 6-K

Globant S.A. (the “Company”) is furnishing under the cover of Form 6-K the following:

Earnings Release

Exhibit 99.1

Press release, dated November 13, 2025, entitled “Globant Reports 2025 Third Quarter Financial Results.”

Incorporation by Reference

The unaudited condensed interim consolidated statements of comprehensive income, unaudited condensed interim consolidated statements of financial position, unaudited selected cash flow data, unaudited supplemental non-IFRS financial information and unaudited schedule of supplemental information contained in the press release attached as Exhibit 99.1 to this report on Form 6-K are hereby incorporated by reference into the Company’s registration statements on Form F-3 (File No. 333-286306) and on Form S-8 (File Nos. 333-201602, 333-211835, 333-232022, 333-255113, 333-266204 and 333-281049), to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	GLOBANT S.A.

	By:	/s/ JUAN URTHIAGUE
		Name: Juan Urthiague
		Title: Chief Financial Officer

Date: November 13, 2025

EX-99.1 2 tm2531108d2_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

November 13, 2025

Globant Reports 2025 Third Quarter Financial Results

LUXEMBOURG / November 13, 2025 - Globant (NYSE: GLOB) today announced results for the three and nine months ended September 30, 2025.

“We remain committed to our long-term growth strategy, deeply rooted in our differentiated value proposition based on four pillars: our AI Pods, subscription model, AI Studios, and Globant Enterprise AI platform. During this past quarter, we announced AI-transformational projects for several of our top clients from industries like energy, sports and gaming, which shows the strong results of our focus on high potential 100-squared accounts. Our approach will remain clear: to be the partner of choice for organizations looking to implement AI across multiple layers. This vision, combined with our entrepreneurial culture, will continue to position us as leaders as we execute AI implementations that are both tangible and meaningful,” said Martín Migoya, Globant’s CEO and co-founder.

“Globant delivered top-line results of $617.1 million, exceeding guidance while maintaining a prudent and healthy balance sheet. We successfully expanded profitability and generated $67.5 million of free cash flow during the third quarter. Despite currency headwinds, our adjusted operating margin increased to 15.5%, a 50-basis-point sequential rise. During the quarter we also announced a share repurchase plan, as part of our capital allocation strategy,” explained Juan Urthiague, Globant’s CFO.

Please see highlights below. Note that reconciliations between IFRS and Non-IFRS financial measures are disclosed at the end of this press release.

Third Quarter 2025 Financial Highlights

Revenues rose to $617.1 million, representing 0.4% year-over-year growth.

IFRS Gross Profit Margin was 34.8% compared to 36.2% in the third quarter of 2024.

Non-IFRS Adjusted Gross Profit Margin was 38.1% compared to 38.5% in the third quarter of 2024.

IFRS Profit from Operations Margin was 9.1% compared to 10.6% in the third quarter of 2024.

Non-IFRS Adjusted Profit from Operations Margin was 15.5% compared to 15.6% in the third quarter of 2024.

IFRS Diluted EPS was $0.73 compared to $0.98 in the third quarter of 2024.

Non-IFRS Adjusted Diluted EPS was $1.53 compared to $1.63 in the third quarter of 2024.

Nine months ended September 30, 2025 Financial Highlights

Revenues rose to $1,842.4 million, representing 3.9% year-over-year growth.

IFRS Gross Profit Margin was 35.0% compared to 35.8% in the first nine months of 2024.

Non-IFRS Adjusted Gross Profit Margin was 38.1% compared to 38.2% in the first nine months of 2024.

IFRS Profit from Operations Margin was 6.1% compared to 9.4% in the first nine months of 2024.

Non-IFRS Adjusted Profit from Operations Margin was 15.1% compared to 15.2% in the first nine months of 2024.

IFRS Diluted EPS was $1.35 compared to $2.88 in the first nine months of 2024.

Non-IFRS Adjusted Diluted EPS was $4.57 compared to $4.67 in the first nine months of 2024.

Other Metrics as of and for the quarter ended September 30, 2025

Cash and cash equivalents and Short-term investments were $167.0 million as of September 30, 2025.

Globant completed the third quarter of 2025 with 29,020 Globers, 27,123 of whom were technology, design and innovation professionals.

The geographic revenue breakdown for the third quarter of 2025 was as follows: 53.8% from North America (top country: US), 19.9% from Latin America (top country: Argentina), 19.4% from Europe (top country: Spain) and 6.9% from New Markets1 (top country: Saudi Arabia).

Globant’s top customer, top five customers and top ten customers for the third quarter of 2025 represented 8.7%, 20.7% and 29.5% of revenues, respectively.

During the twelve months ended September 30, 2025, Globant served a total of 978 customers (with revenues over $100,000 in the last twelve months) and continued to increase its wallet share, with 339 accounts generating more than $1 million of annual revenues, compared to 331 for the same period one year ago.

In terms of currencies, 63.2% of Globant’s revenues for the third quarter of 2025 were denominated in US dollars.

2025 Fourth Quarter and Full Year Outlook

Based on current market conditions, Globant is providing the following estimates for the fourth quarter and the full year of 2025:

Fourth quarter 2025 Revenues are estimated to be at least $605.0 million, or -5.8% year-over-year growth. This expected growth includes a positive FX impact of 150 basis points.

Fourth quarter 2025 Non-IFRS Adjusted Profit from Operations Margin is estimated to be at least 15.0%.

Fourth quarter 2025 Non-IFRS Adjusted Diluted EPS is estimated to be at least $1.53 (assuming an average of 45.2 million diluted shares outstanding during the fourth quarter).

Fiscal year 2025 Revenues are estimated to be at least $2,447.4 million, implying at least 1.3% year-over-year revenue growth. This expected growth includes a positive FX impact of 30 basis points.

Fiscal year 2025 Non-IFRS Adjusted Profit from Operations Margin is estimated to be at least 15.0%.

Fiscal year 2025 Non-IFRS Adjusted Diluted EPS is estimated to be at least $6.12 (assuming an average of 45.2 million diluted shares outstanding during 2025).

Shareholder Letter, Conference Call and Webcast

A shareholder letter will be available in the Investor Relations section of Globant’s website.

1 Represents Asia, Oceania and the Middle East.

Martin Migoya, Chief Executive Officer & co-founder, Diego Tártara, Chief Technology Officer, and Juan Urthiague, Chief Financial Officer, will discuss the results in a video conference call and a live Q&A session beginning today at 4:30 pm ET.

Video conference call access information is:

https://more.globant.com/F3Q25EarningsCall

Webcast http://investors.globant.com/

About Globant (NYSE:GLOB)

At Globant, we help organizations thrive in a digital and AI-powered future. Our industry-focused solutions combine technology and creativity to accelerate enterprise transformation and design experiences customers demand. Through digital reinvention, our subscription-based AI Pods, and Globant Enterprise AI platform, we turn challenges into measurable business results and promised savings into real impact.

We have more than 29,000 employees and we are present in more than 30 countries across 5 continents working for companies like Google, Electronic Arts and Santander, among others.

We were named a Worldwide Leader in CX Improvement by IDC MarketScape report. We were also featured as a business case study at Harvard, MIT and Stanford. We are a member of the Cybersecurity Tech Accord.

For more information, please visit www.globant.com

Non-IFRS Financial Measures

While the financial figures included in this press release have been computed in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board (“IASB”), this announcement does not contain sufficient information to constitute an interim financial report as defined in International Accounting Standards 34, “Interim Financial Reporting” or a financial statement as defined by International Accounting Standards 1 “Presentation of Financial Statements”. The financial information in this press release has not been audited.

Globant provides non-IFRS financial measures in addition to reported IFRS results prepared in accordance with IFRS Accounting Standards. Management believes these measures help illustrate underlying trends in the company’s business and uses the non-IFRS financial measures to establish budgets and operational goals, communicated internally and externally, for managing the company’s business and evaluating its performance. The company anticipates that it will continue to report both IFRS and certain non-IFRS financial measures in its financial results, including non-IFRS measures that exclude share-based compensation expense, depreciation and amortization, acquisition-related charges, business optimization costs, and the related effect on income taxes of the pre-tax adjustments. Because the company’s non-IFRS financial measures are not calculated according to IFRS, these measures are not comparable to IFRS and may not necessarily be comparable to similarly described non-IFRS measures reported by other companies within the company’s industry. Consequently, Globant’s non-IFRS financial measures should not be evaluated in isolation or supplant comparable IFRS measures, but, rather, should be considered together with its condensed interim consolidated statements of financial position as of September 30, 2025 and December 31, 2024 and its condensed interim consolidated statements of comprehensive income for the three and nine months ended September 30, 2025 and 2024, prepared in accordance with International Accounting Standard (“IAS”) 34, “Interim Financial Reporting”.

Globant is not providing a quantitative reconciliation of forward-looking Non-IFRS Adjusted Profit from Operations Margin or Non-IFRS Adjusted Diluted EPS to the most directly comparable IFRS measure because it is unable to predict with reasonable certainty the ultimate outcome of certain significant items without unreasonable effort. These items include, but are not limited to, share-based compensation expense, acquisition-related charges, business optimization costs, and the tax effect of non-IFRS adjustments. These items are uncertain, depend on various factors, and could have a material impact on IFRS reported results for the guidance period.

Forward Looking Statements

In addition to historical information, this release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These statements include, but are not limited to, statements regarding our future financial and operating performance, including our outlook and guidance, and our strategies, priorities and business plans. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could impact our actual results include: our ability to maintain current resource utilization rates and productivity levels; our ability to manage attrition and attract and retain highly-skilled IT professionals; our ability to accurately price our client contracts; our ability to achieve our anticipated growth; our ability to effectively manage our rapid growth; our ability to retain our senior management team and other key employees; our ability to continue to innovate and remain at the forefront of emerging technologies and related market trends; our ability to retain our business relationships and client contracts; our ability to manage the impact of global adverse economic conditions; our ability to manage uncertainty concerning the instability in the current economic, political and social environment in Latin America; and other factors discussed under the heading “Risk Factors” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission and any other risk factors we include in subsequent reports on Form 6-K.

Because of these uncertainties, you should not make any investment decisions based on our estimates and forward-looking statements. Except as required by law, we undertake no obligation to publicly update any forward-looking statements for any reason after the date of this press release whether as a result of new information, future events or otherwise.

Globant S.A.

Condensed Interim Consolidated Statements of Comprehensive Income

(In thousands of U.S. dollars, except per share amounts, unaudited)

	Nine Months Ended						Three Months Ended
	September 30, 2025			September 30, 2024			September 30, 2025			September 30, 2024
Revenues		1,842,408			1,773,206			617,143			614,667
Cost of revenues		(1,196,778	)		(1,139,161	)		(402,384	)		(392,392	)
Gross profit		645,630			634,045			214,759			222,275

Selling, general and administrative expenses		(472,905	)		(460,877	)		(151,667	)		(154,178	)
Net impairment losses on financial assets		(8,557	)		(8,994	)		(2,218	)		(3,667	)
Business Optimization Costs		(51,990	)		—			(4,410	)		—
Other operating income and expenses,		—			2,738			—			777
Profit from operations		112,178			166,912			56,464			65,207

Finance income		3,375			3,876			1,452			1,349
Finance expense		(30,605	)		(20,536	)		(10,006	)		(7,034	)
Other financial results, net		2,656			7,341			1,795			1,735
Financial results, net		(24,574	)		(9,319	)		(6,759	)		(3,950	)

Share of results of investment in associates		27			161			21			105
Other income and expenses, net		(4,679	)		6,142			(1,294	)		(4,464	)
Profit before income tax		82,952			163,896			48,432			56,898

Income tax		(21,993	)		(34,401	)		(14,244	)		(11,357	)
Net income for the period		60,959			129,495			34,188			45,541

Other comprehensive income, net of income tax effects
Items that may be reclassified subsequently to profit and loss:
- Exchange differences on translating foreign operations		80,680			(20,458	)		303			22,555
- Net change in fair value on financial assets measured at FVOCI		(5,798	)		1,019			—			—
- Gains and losses on cash flow hedges		9,639			(12,768	)		(3,519	)		365
Total comprehensive income for the period		145,480			97,288			30,972			68,461

Net income attributable to:
Owners of the Company		61,354			127,324			33,102			43,606
Non-controlling interest		(395	)		2,171			1,086			1,935
Net income for the period		60,959			129,495			34,188			45,541

Total comprehensive income for the period attributable to:
Owners of the Company		139,565			94,864			29,991			64,266
Non-controlling interest		5,915			2,424			981			4,195
Total comprehensive income for the period		145,480			97,288			30,972			68,461
Earnings per share
Basic		1.39			2.94			0.74			1.00
Diluted		1.35			2.88			0.73			0.98
Weighted average of outstanding shares (in thousands)
Basic		44,286			43,248			44,502			43,419
Diluted		45,374			44,271			45,589			44,442

Globant S.A.

Condensed Interim Consolidated Statements of Financial Position as of September 30, 2025 and December 31, 2024

(In thousands of U.S. dollars, unaudited)

	September 30, 2025			December 31, 2024
ASSETS
Current assets
Cash and cash equivalents		154,906			142,093
Investments		12,048			13,992
Trade receivables		648,361			605,002
Other assets		40,238			20,420
Other receivables		88,660			53,939
Other financial assets		7,180			3,100
Total current assets		951,393			838,546

Non-current assets
Investments		2,398			2,212
Other assets		4,907			4,750
Other receivables		41,874			40,784
Deferred tax assets		88,272			80,811
Investment in associates		1,643			1,648
Other financial assets		43,275			41,403
Property and equipment		143,504			154,755
Intangible assets		365,469			378,024
Right-of-use assets		98,021			122,884
Goodwill		1,605,430			1,483,443
Total non-current assets		2,394,793			2,310,714
TOTAL ASSETS		3,346,186			3,149,260

LIABILITIES
Current liabilities
Trade payables		112,170			114,743
Payroll and social security taxes payable		211,176			239,440
Borrowings		20,328			1,601
Other financial liabilities		90,639			77,976
Lease liabilities		25,270			29,736
Tax liabilities		22,009			36,916
Income tax payable		9,613			6,520
Other liabilities		839			231
Total current liabilities		492,044			507,163

Non-current liabilities
Trade payables		4,299			2,006
Borrowings		351,950			290,935
Other financial liabilities		110,382			168,163
Lease liabilities		76,570			87,887
Deferred tax liabilities		34,698			29,776
Income tax payable		4,881			6,625
Payroll and social security taxes payable		3,777			5,187
Provisions for contingencies		23,488			18,169
Total non-current liabilities		610,045			608,748
TOTAL LIABILITIES		1,102,089			1,115,911

Capital and reserves
Issued capital		53,447			52,837
Additional paid-in capital		1,262,874			1,193,029
Other reserves		(66,545	)		(144,756	)
Retained earnings		924,175			862,821
Total equity attributable to owners of the Company		2,173,951			1,963,931
Non-controlling interests		70,146			69,418
Total equity		2,244,097			2,033,349
TOTAL EQUITY AND LIABILITIES		3,346,186			3,149,260

Globant S.A.

Selected Cash Flow Data

(In thousands of U.S. dollars, unaudited)

	Three Months Ended
	September 30, 2025			September 30, 2024
Net Income for the period		34,188			45,541
Non-cash adjustments, taxes and others		80,801			76,819
Changes in working capital		(22,898	)		(31,823	)
Cash flows from operating activities		92,091			90,537
Capital expenditures		(24,613	)		(20,810	)
Cash flows from investing activities		(27,236	)		(89,596	)
Cash flows from financing activities		(73,287	)		41,044
Net increase/decrease in cash & cash equivalents		(8,432	)		41,985

Globant S.A.

Supplemental Non-IFRS Financial Information

(In thousands of U.S. dollars, unaudited)

	Nine Months Ended						Three Months Ended
	September 30, 2025			September 30, 2024			September 30, 2025			September 30, 2024
Reconciliation of adjusted gross profit
Gross profit		645,630			634,045			214,759			222,275
Depreciation and amortization expense		33,456			25,415			11,215			9,457
Share-based compensation expense - Equity settled		22,164			18,010			8,961			5,109
Adjusted gross profit		701,250			677,470			234,935			236,841
Adjusted gross profit margin		38.1	%		38.2	%		38.1	%		38.5	%

Reconciliation of selling, general and administrative expenses
Selling, general and administrative expenses		(472,905	)		(460,877	)		(151,667	)		(154,178	)
Depreciation and amortization expense		88,459			74,751			28,865			24,244
Share-based compensation expense - Equity settled		37,212			42,722			9,552			16,008
Acquisition-related charges (a)		15,957			17,230			3,751			1,646
Adjusted selling, general and administrative expenses		(331,277	)		(326,174	)		(109,499	)		(112,280	)
Adjusted selling, general and administrative expenses as % of revenues		(18.0	)%		(18.4	)%		(17.7	)%		(18.3	)%

Reconciliation of adjusted profit from operations
Profit from operations		112,178			166,912			56,464			65,207
Share-based compensation expense - Equity settled		59,376			60,732			18,513			21,117
Acquisition-related charges (a)		54,703			42,668			16,226			9,788
Business optimization costs (b)		51,990			—			4,410			—
Adjusted profit from operations		278,247			270,312			95,613			96,112
Adjusted profit from operations margin		15.1	%		15.2	%		15.5	%		15.6	%

Reconciliation of net income for the period
Net income for the period		61,354			127,324			33,102			43,606
Share-based compensation expense - Equity settled		58,873			60,618			18,495			21,192
Acquisition-related charges (a)		78,736			41,334			24,470			14,954
Business optimization costs (b)		50,876			—			4,423			—
Tax effect of non-IFRS adjustments		(42,552	)		(22,516	)		(10,741	)		(7,399	)
Adjusted net income		207,287			206,760			69,749			72,353
Adjusted net income margin		11.3	%		11.7	%		11.3	%		11.8	%

Calculation of adjusted diluted EPS
Adjusted net income		207,287			206,760			69,749			72,353
Diluted shares		45,374			44,271			45,589			44,442
Adjusted diluted EPS		4.57			4.67			1.53			1.63

(a)

Acquisition-related charges include, when applicable, amortization of purchased intangible assets included in depreciation and amortization expense line on our consolidated statements of comprehensive income, interest charges on acquisition-related indebtedness, external deal costs, acquisition-related retention bonuses, integration costs, changes in the fair value of contingent consideration liabilities, and other acquisition-related costs. We cannot provide acquisition-related charges on a forward-looking basis without unreasonable effort as such charges may fluctuate based on the timing, size, and complexity of future acquisitions as well as other uncertainty inherent in mergers and acquisitions.

(b)

One-time charges for the three and nine months ended September 30, 2025 related to the Company’s Business Optimization Program initiated in April 2025. These charges, primarily related to workforce resizing and office reductions, have been excluded from non-IFRS results as these are one-time and unusual in nature.

Globant S.A.

Schedule of Supplemental Information (unaudited)

Metrics	Q3 2024		Q4 2024		Q1 2025		Q2 2025		Q3 2025
Total Employees		29,998		31,280		31,102		30,084		29,020
IT Professionals		27,927		29,198		29,022		28,097		27,123

North America Revenues %		55.7		55.2		55.5		54.1		53.8
Latin America Revenues %		21.8		20.4		19.6		19.7		19.9
Europe Revenues %		17.6		17.7		18.2		19.6		19.4
New Markets Revenues %		4.9		6.7		6.7		6.6		6.9

USD Revenues %		66.6		64.8		67.2		64.1		63.2
Other Currencies Revenues %		33.4		35.2		32.8		35.9		36.8

Top Customer %		9.1		9.1		8.8		8.6		8.7
Top 5 Customers %		21.0		19.8		20.0		20.3		20.7
Top 10 Customers %		30.1		29.3		29.1		29.3		29.5

Customers Served (Last Twelve Months)*		969		1,012		1,004		981		978
Customers with >$1M in Revenues (Last Twelve Months)		331		346		341		339		339

(*) Represents customers with more than $100,000 in revenues in the last twelve months.

Investor Relations Contact:

Arturo Langa, Globant

investors@globant.com

+1 (877) 215-5230

Media Contact:

Gregorio Lascano, Globant

pr@globant.com

+1 (877) 215-5230

Source: Globant