• Global-e Online average return on tangible equity for 2023 was -33.45, a 14.99% decline from 2022.
• Global-e Online average return on tangible equity for 2022 was -29.09, a 119.71% increase from 2021.
• Global-e Online average return on tangible equity for 2021 was -13.24, a 50.36% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.