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6-K 1 tm267444d1_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 February 2026

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 February 26, 2026, entitled “Globant Reports 2025 Fourth Quarter Financial Results.”

 

Incorporation by Reference

 

The unaudited consolidated statements of comprehensive income, unaudited 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333-266204 and 333-281049), to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.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: February 26, 2026

 

 

EX-99.1 2 tm267444d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

February 26, 2026

 

Globant Reports 2025 Fourth Quarter Financial Results

 

LUXEMBOURG / February 26, 2026 - Globant (NYSE: GLOB) today announced results for the three and twelve months ended December 31, 2025.

 

“Twenty-three years ago, we set out to build a company that would reinvent how technology gets created. Today, we are reinforcing that commitment. In 2025, we delivered our highest revenue and strongest free cash flow ever, while simultaneously transforming our entire delivery model. As the world shifts from experiment to implementation, our AI-native Pods present a new approach on how software is built and scaled. We are moving beyond the traditional ‘seats’ model by introducing a token-based, intelligent subscription model that offers our clients total corporate sovereignty. We aren’t just riding the AI wave; we want to re-define what the next era of professional services actually looks like,” said Martín Migoya, Globant’s CEO and co-founder.

 

“We are excited about what lies in the future. Our solid bookings, a pipeline exceeding $3 billion, and $20.6 million in ARR generated from our AI Pods are indicators of how we are executing our vision. These results are supported by a solid finish of the past year, with fourth-quarter revenue reaching $612.5 million, exceeding our guidance and reflecting an improvement in client sentiment. 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. As we begin 2026, we remain focused on maintaining our discipline to capture the opportunities in our robust pipeline,” 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.

 

Fourth Quarter 2025 Financial Highlights

 

· Revenues were $612.5 million, exceeding the company’s guidance and representing 4.7% year-over-year decline.
· IFRS Gross Profit Margin was 34.9% compared to 35.7% in the fourth quarter of 2024.
· Non-IFRS Adjusted Gross Profit Margin was 37.6% compared to 38.3% in the fourth quarter of 2024.
· IFRS Profit from Operations Margin was 9.7% compared to 9.1% in the fourth quarter of 2024.
· Non-IFRS Adjusted Profit from Operations Margin was 15.5% compared to 15.7% in the fourth quarter of 2024.
· IFRS Diluted EPS was $0.93 compared to $0.85 in the fourth quarter of 2024.
· Non-IFRS Adjusted Diluted EPS was $1.54 compared to $1.75 in the fourth quarter of 2024.

 

Full Year ended December 31, 2025 Financial Highlights

 

· Revenues rose to $2,454.9 million, representing 1.6% year-over-year growth.
· IFRS Gross Profit Margin was 35.0% compared to 35.7% for the full year 2024.
· Non-IFRS Adjusted Gross Profit Margin was 37.9% compared to 38.2% for the full year 2024.
· IFRS Profit from Operations Margin was 7.0% compared to 9.3% for the full year 2024.
· Non-IFRS Adjusted Profit from Operations Margin was 15.2% compared to 15.4% for the full year 2024.
· IFRS Diluted EPS was $2.29 compared to $3.72 for the full year 2024.
· Non-IFRS Adjusted Diluted EPS was $6.14 compared to $6.40 for the full year 2024.

 


 

Other Financial Highlights for the Twelve Months ended December 31, 2025

 

· Cash and cash equivalents and Short-term investments were $250.3 million as of December 31, 2025.
· The Company invested $50.0 million during the fourth quarter under its share repurchase program. As of December 31, 2025, the Company had $75.0 million remaining for repurchase under its share repurchase authorization.
· Globant completed the fourth quarter of 2025 with 28,773 Globers, 26,906 of whom were technology, design and innovation professionals.
· The geographic revenue breakdown for the fourth quarter of 2025 was as follows: 53.8% from North America (top country: US), 21.1% from Latin America (top country: Argentina), 19.3% from Europe (top country: Spain) and 5.8% from New Markets1 (top country: Saudi Arabia).
· Globant’s top customer, top five customers and top ten customers for the fourth quarter of 2025 represented 8.5%, 20.5% and 29.4% of revenues, respectively.
· During the twelve months ended December 31, 2025, Globant served a total of 944 customers (with revenues over $100,000 in the last twelve months), with 336 accounts generating more than $1 million of annual revenues, compared to 346 for the same period one year ago.
· In terms of currencies, 64.0% of Globant’s revenues for the fourth quarter of 2025 were denominated in US dollars.

 

2026 First Quarter and Full Year Outlook

 

Based on current market conditions, Globant is providing the following estimates for the first quarter and the full year of 2026:

 

· First quarter 2026 Revenues are estimated to be in the range of $598 million to $604 million, representing a 2.1% to 1.2% year-over-year decline. This outlook includes a positive FX impact of 150 basis points.
· First quarter 2026 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of 14.0% to 15.0%.
· First quarter 2026 Non-IFRS Adjusted Diluted EPS is estimated to be in the range of 1.44 to 1.54 (assuming an average of 43.7 million diluted shares outstanding during the first quarter).
· Fiscal year 2026 Revenues are estimated to be in the range of $2,460 million to $2,510 million, implying 0.2% to 2.2% year-over-year revenue growth. This expected growth includes a positive FX impact of 100 basis points.
· Fiscal year 2026 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of 14.0% to 15.0%.
· Fiscal year 2026 Non-IFRS Adjusted Diluted EPS is estimated to be in the range of $6.10 to $6.50 (assuming an average of 44.2 million diluted shares outstanding during 2026).

 

 

1 Represents Asia, Oceania and the Middle East.

 


 

Shareholder Letter, Conference Call and Webcast

 

A shareholder letter will be available in the Investor Relations section of Globant’s website. Martin Migoya, Chief Executive Officer and co-founder, Diego Tártara, Chief Technology Officer, Juan Urthiague, Chief Financial Officer, and Fernando Matzkin, Chief Revenue 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/F4Q25EarningsCall

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 28,700 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 consolidated statements of financial position as of December 31, 2025 and December 31, 2024 and its consolidated statements of comprehensive income for the three months and years ended December 31, 2025 and 2024, prepared in accordance with IFRS Accounting Standards as issued by the IASB.

 


 

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.

Consolidated Statements of Comprehensive Income

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

 

    Twelve months ended     Three Months Ended  
    December 31,
2025
    December 31,
2024
    December 31,
2025
    December 31,
2024
 
Revenues     2,454,877       2,415,689       612,469       642,483  
Cost of revenues     (1,595,586 )     (1,552,322 )     (398,808 )     (413,161 )
Gross profit     859,291       863,367       213,661       229,322  
                                 
Selling, general and administrative expenses     (629,332 )     (632,995 )     (156,427 )     (172,118 )
Net impairment losses on financial assets     (7,571 )     (6,970 )     986       2,024  
Business Optimization Costs     (51,990 )                  
Other operating income and expenses,     1,334       2,016       1,334       (722 )
Profit from operations     171,732       225,418       59,554       58,506  
                                 
Finance income     5,526       5,303       2,151       1,427  
Finance expense     (40,608 )     (32,202 )     (10,003 )     (11,666 )
Other financial results, net     3,247       6,064       591       (1,277 )
Financial results, net     (31,835 )     (20,835 )     (7,261 )     (11,516 )
                                 
Share of results of investment in associates     110       222       83       61  
Other income and expenses, net     (862 )     5,624       3,817       (518 )
Profit before income tax     139,145       210,429       56,193       46,533  
                                 
Income tax     (35,189 )     (41,426 )     (13,196 )     (7,025 )
Net income for the period     103,956       169,003       42,997       39,508  
                                 
Other comprehensive income, net of income tax effects                                
Items that may be reclassified subsequently to profit and loss:                                
- Exchange differences on translating foreign operations     70,225       (86,110 )     (10,455 )     (65,652 )
- Net change in fair value on financial assets measured at FVOCI     (21,286 )     1,959       (15,488 )     940  
- Gains and losses on cash flow hedges     9,116       (14,142 )     (523 )     (1,374 )
Total comprehensive income for the period     162,011       70,710       16,531       (26,578 )
                                 
Net income attributable to:                                
Owners of the Company     102,918       165,732       41,564       38,408  
Non-controlling interest     1,038       3,271       1,433       1,100  
Net income for the period     103,956       169,003       42,997       39,508  
                                 
Total comprehensive income for the period attributable to:                                
Owners of the Company     154,953       63,024       15,388       (31,840 )
Non-controlling interest     7,058       7,686       1,143       5,262  
Total comprehensive income for the period     162,011       70,710       16,531       (26,578 )
Earnings per share                                
Basic     2.33       3.82       0.94       0.88  
Diluted     2.29       3.72       0.93       0.85  
Weighted average of outstanding shares (in thousands)                                
Basic     44,228       43,402       44,057       43,859  
Diluted     45,005       44,589       44,833       45,046  

 


 

Globant S.A.

Consolidated Statements of Financial Position as of December 31, 2025 and December 31, 2024

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

 

    December 31,  
    2025     2024  
ASSETS                
Current assets                
Cash and cash equivalents     243,742       142,093  
Investments     6,594       13,992  
Trade receivables     577,673       605,002  
Other assets     35,117       20,420  
Other receivables     84,405       53,939  
Other financial assets     6,226       3,100  
Total current assets     953,757       838,546  
                 
Non-current assets                
Investments     2,489       2,212  
Other assets     4,424       4,750  
Other receivables     49,496       40,784  
Deferred tax assets     91,065       80,811  
Investment in associates     1,727       1,648  
Other financial assets     29,930       41,403  
Property and equipment     137,331       154,755  
Intangible assets     345,951       378,024  
Right-of-use asset     100,542       122,884  
Goodwill     1,601,523       1,483,443  
Total non-current assets     2,364,478       2,310,714  
TOTAL ASSETS     3,318,235       3,149,260  
                 
LIABILITIES                
Current liabilities                
Trade payables     112,590       114,743  
Payroll and social security taxes payable     203,395       239,440  
Borrowings     19,666       1,601  
Other financial liabilities     169,605       77,976  
Lease liabilities     28,511       29,736  
Tax liabilities     33,205       36,916  
Income tax payable     10,730       6,520  
Other liabilities     2,591       231  
Total current liabilities     580,293       507,163  
                 
Non-current liabilities                
Trade payables     3,684       2,006  
Borrowings     347,040       290,935  
Other financial liabilities     90,499       168,163  
Lease liabilities     78,428       87,887  
Deferred tax liabilities     30,906       29,776  
Income tax payable     1,428       6,625  
Payroll and social security taxes payable     2,358       5,187  
Contingent liabilities     21,963       18,169  
Total non-current liabilities     576,306       608,748  
TOTAL LIABILITIES     1,156,599       1,115,911  
                 
Capital and reserves                
Issued capital     52,604       52,837  
Additional paid-in capital     1,167,979       1,193,029  
Other reserves     (92,721 )     (144,756 )
Retained earnings     965,739       862,821  
Total equity attributable to owners of the Company     2,093,601       1,963,931  
Non-controlling interests     68,035       69,418  
Total equity     2,161,636       2,033,349  
TOTAL EQUITY AND LIABILITIES     3,318,235       3,149,260  

 


 

Globant S.A.

Selected Cash Flow Data

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

 

    Three Months Ended  
    December 31,
2025
    December 31,
2024
 
Net Income for the period     42,997       39,508  
Non-cash adjustments, taxes and others     58,506       56,881  
Changes in working capital     70,013       40,934  
Cash flows from operating activities     171,516       137,323  
Capital expenditures     (18,732 )     (36,167 )
Cash flows from investing activities     (12,022 )     (236,732 )
Cash flows from financing activities     (78,060 )     45,986  
Net increase/decrease in cash & cash equivalents     81,434       (53,423 )

 


 

Globant S.A.

Supplemental Non-IFRS Financial Information

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

 

    Twelve Months Ended     Three Months Ended  
    December 31,
2025
    December 31,
2024
    December 31,
2025
    December 31,
2024
 
Reconciliation of adjusted gross profit                                
Gross profit     859,291       863,367       213,661       229,322  
Depreciation and amortization expense     44,719       36,034       11,263       10,619  
Share-based compensation expense - Equity settled     27,279       23,937       5,115       5,927  
Adjusted gross profit     931,289       923,338       230,039       245,868  
Adjusted gross profit margin     37.9 %     38.2 %     37.6 %     38.3 %
                                 
Reconciliation of selling, general and administrative expenses                                
Selling, general and administrative expenses     (629,332 )     (632,995 )     (156,427 )     (172,118 )
Depreciation and amortization expense     116,422       100,181       27,963       25,430  
Share-based compensation expense - Equity settled     50,453       58,833       13,241       16,111  
Acquisition-related charges (a)     21,300       28,733       5,343       11,503  
Adjusted selling, general and administrative expenses     (441,157 )     (445,248 )     (109,880 )     (119,074 )
Adjusted selling, general and administrative expenses as % of revenues     (18.0 )%     (18.4 )%     (17.9 )%     (18.5 )%
                                 
Reconciliation of adjusted profit from operations                                
Profit from operations     171,732       225,418       59,554       58,506  
Share-based compensation expense - Equity settled     77,732       82,770       18,356       22,038  
Acquisition-related charges (a)     71,818       63,231       17,115       20,563  
Business optimization costs (b)     51,990                    
Adjusted profit from operations     373,272       371,419       95,025       101,107  
Adjusted profit from operations margin     15.2 %     15.4 %     15.5 %     15.7 %
                                 
Reconciliation of net income for the period                                
Net income for the period     102,918       165,732       41,564       38,408  
Share-based compensation expense - Equity settled     76,529       82,618       17,656       22,000  
Acquisition-related charges (a)     97,334       71,895       18,598       30,561  
Business optimization costs (b)     50,876                    
Tax effect of non-IFRS adjustments     (51,426 )     (34,819 )     (8,874 )     (12,303 )
Adjusted net income     276,231       285,426       68,944       78,666  
Adjusted net income margin     11.3 %     11.8 %     11.3 %     12.2 %
                                 
Calculation of adjusted diluted EPS                                
Adjusted net income     276,231       285,426       68,944       78,666  
Diluted shares     45,005       44,589       44,833       45,046  
Adjusted diluted EPS     6.14       6.40       1.54       1.75  

 

(a) Acquisition-related charges include, when applicable, amortization of purchased intangible assets, 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 twelve months ended December 31, 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   Q4 2024     Q1 2025     Q2 2025     Q3 2025     Q4 2025  
Total Employees     31,280       31,102       30,084       29,020       28,773  
IT Professionals     29,198       29,022       28,097       27,123       26,906  
                                         
North America Revenues %     55.2       55.5       54.1       53.8       53.8  
Latin America Revenues %     20.4       19.6       19.7       19.9       21.1  
Europe Revenues %     17.7       18.2       19.6       19.4       19.3  
New Markets Revenues %     6.7       6.7       6.6       6.9       5.8  
                                         
USD Revenues %     64.8       67.2       64.1       63.2       64.0  
Other Currencies Revenues %     35.2       32.8       35.9       36.8       36.0  
                                         
Top Customer %     9.1       8.8       8.6       8.7       8.5  
Top 5 Customers %     19.8       20.0       20.3       20.7       20.5  
Top 10 Customers %     29.3       29.1       29.3       29.5       29.4  
                                         
Customers Served (Last Twelve Months)*     1,012       1,004       981       978       944  
Customers with >$1M in Revenues (Last Twelve Months)     346       341       339       339       336  

 

(*) 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