0001628280-26-012910
SEC filingNo MD&A data provided; content covers major shareholders and related party transactions.
Globant S.A. describes itself as a leading global technology service provider that supports organizations in their AI and digital transformation initiatives. Founded in 2003 by four entrepreneurs in Argentina, the company combines software engineering, innovation, design at scale capabilities, and industry expertise. Its common shares are listed on the NYSE under the ticker symbol GLOB.
Globant reorganized its operating model around four pillars: Core Studios, AI Industry Studios, AI Pods, and Globant Enterprise AI. Core Studios include Digital Studio, GUT Studio, and Enterprise Studio, providing cross-functional expertise. AI Industry Studios combine AI capabilities with deep domain expertise across sectors such as Financial Services, Media & Entertainment, Healthcare & Life Sciences, CPG & Retail, Gaming, Airlines, Energy, and High Tech. Revenue is primarily generated under time-and-materials contracts (substantial majority), fixed-price contracts (28% in 2025), and a new subscription-based AI Pod model. No further segment revenue breakdown is disclosed in this section.
Key platforms include Globant Enterprise AI, an agentic innovation platform; agentic suites like GeneXus (enterprise systems evolution), Globant CODA (software development), Navigate Digital Twin (process optimization), Navigate Service Assist (service support), and Fusion (marketing). Other platforms: StarMeUp (employee engagement), DaXia (embedded finance accelerator), and AI Pods (subscription-based AI capabilities).
Globant delivers services through direct client relationships, leveraging a global network of delivery centers. The largest customer, The Walt Disney Company, accounted for 8.7% of revenues in each of the last three fiscal years. The ten largest clients together represented 29.2% of revenues in 2025. Most contracts are short-term, discrete projects without volume commitments.
The market is intensely competitive. Named competitors include Accenture, Atos, Capgemini, Cognizant, Deloitte Digital, DXC Technology, Endava, EPAM Systems, Genpact, GlobalLogic, Grid Dynamics, HCL Technologies, Infosys, TCS, CI&T, and Wipro. Competitive factors include innovation capabilities, technical expertise, breadth of services, reputation, talent recruitment, and pricing.
Globant's strategy focuses on revenue growth by delivering innovative, high-value solutions that drive client revenues, and continuing focus on AI, emerging technologies, and digital transformation. The company aims to strengthen client relationships and target new clients leveraging its AI engineering, design, and innovation capabilities.
As of December 31, 2025, Globant had 28,773 employees worldwide. The company's culture is entrepreneurial, flexible, sustainable, and team-oriented, supported by values such as Think Big, Drive Innovation, and AI Hero. Employee development spans five dimensions: technology, clients, industries, specialty, and geocultural diversity.
The provided text is from Item 7 of the 20-F filing for Globant S.A., which discusses major shareholders and related party transactions. It does not contain the Management's Discussion and Analysis (MD&A) section. Therefore, no analysis of financial performance, segment dynamics, or forward outlook is possible. The MD&A section is required for this analysis but was not included in the input.
The provided document excerpt does not contain the actual Notes to Financial Statements. The text includes Item 8 (Financial Information) which refers to the consolidated financial statements but not the accompanying notes. Therefore, no structured data from the Notes section can be extracted. The only information available is from the financial statements themselves, which are not considered part of the Notes under IFRS. To comply with the non-negotiable rule to use only figures explicitly stated in the Notes section, this analysis returns empty fields.
The provided document excerpt does not contain the actual cash flow statement figures. It only includes the auditor's report and notes referencing the statement.