Globant’s Q4 Revenue Falls 4.7% to $612.5M, Records $152.8M Cash Flow
Globant reported Q4 revenue of $612.5 million, a 4.7% year-over-year decline, with record free cash flow of $152.8 million and a 15.5% adjusted operating margin. Full-year 2025 revenues reached $2.45 billion, supported by a $3 billion-plus bookings pipeline and $20.6 million in ARR from AI Pods.
1. Q4 Financial Performance
In the fourth quarter of 2025, Globant generated revenues of $612.5 million, down 4.7% year-over-year. IFRS diluted EPS rose to $0.93 from $0.85, while non-IFRS adjusted diluted EPS declined to $1.54 from $1.75; IFRS gross profit margin slipped to 34.9% from 35.7%.
2. Cash Flow and AI Strategy
The company delivered a record $152.8 million in quarterly free cash flow and maintained a 15.5% adjusted operating margin. Globant highlighted a pipeline exceeding $3 billion and reported $20.6 million in annual recurring revenue from its AI-native Pods token-based subscription model.
3. Full Year 2025 Highlights
For the full year, revenues increased 1.6% to $2,454.9 million, with non-IFRS adjusted diluted EPS of $6.14 versus $6.40 in 2024. Cash and short-term investments totaled $250.3 million at year-end, and the company repurchased $50 million of shares, leaving $75 million available.
4. 2026 Outlook
Globant forecasts Q1 2026 revenues of $598 million to $604 million, implying a 1.2%–2.1% decline year-over-year, and non-IFRS adjusted diluted EPS of $1.44 to $1.54. Full-year guidance projects revenues of $2,460 million to $2,510 million, reflecting up to 2.2% growth with a 100–150 basis-point positive FX impact.