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Freightos Reports First Quarter 2026 Results

Freightos Limited, a leader in the global freight pricing and booking sector, has shared its financial outcomes for the first quarter of 2026. With growing revenues and a focus on long-term growth, the company aims to enhance operational efficiency despite facing significant market challenges.

Financial Performance Overview

In its report, Freightos highlighted a revenue of $7.2 million, reflecting a 3% increase from the previous year’s first quarter, which stood at $6.9 million. The company's CEO and CFO, Pablo Pinillos, expressed his pride in steering Freightos through this transition, emphasizing a commitment to long-term growth and refined execution strategies.

However, the company recorded a net loss of $6.5 million, an increase from the $4.5 million loss in the first quarter of 2025. This loss was largely attributed to reorganization expenses incurred during the quarter. The firm reported an adjusted EBITDA of negative $2.8 million, showing improvement compared to the negative $3.0 million from the prior year.

The company's IFRS gross margin stood at 66.6%, a slight decline from 66.8% in Q1 2025, while the non-IFRS gross margin was at 73.5%, also down from 73.7% year-on-year.

Business Highlights

Freightos showcased noteworthy developments, indicating growth in transactions facilitated through its platform. The company managed 425,000 transactions in the first quarter, marking a 15% year-over-year increase. Exceeding management expectations, this growth was assisted by alternative routing and increased use of the platform outside the Middle East.

In terms of carrier growth, 79 carriers actively sold services on the platform compared to 71 carriers at the same time last year. Notable additions include Ethiopian Cargo and Air Serbia. On the buyer side, Freightos reported approximately 20,600 unique buyer users actively booking freight services on their platform.

The total value of transactions, or Gross Booking Value (GBV), was reported at $343 million, achieving a 24% increase over the previous year. This rise was driven by heightened freight rates linked to capacity constraints amidst ongoing Middle Eastern conflicts.

The company's total revenue from its platforms reached $2.4 million, also a 3% increase from the prior year, supported largely by WebCargo, despite lower performance in other sectors. Overall, the solutions revenue contributed $4.8 million, reflecting the same year-on-year growth of 3%.

Strategic Outlook

Looking ahead, the management provided its outlook for Q2 2026 and the full fiscal year, estimating that transactions will range between 437,000 and 444,000, contributing to a revenue target between $30.2 million and $31.4 million for the year. Freightos anticipates challenges but is committed to maintaining its adjusted EBITDA guidance.

These projections show a persistent focus on growth amidst the often tumultuous international freight environment. Freightos aims to adapt to current market conditions while promoting digital procurement and booking processes that are increasingly vital in global logistics.

Conclusion

Freightos is working diligently to navigate a challenging landscape while remaining focused on its strategic goals. With initiatives to enhance efficiency and optimize operational procedures, the company is positioning itself as a resilient player in the freight industry. As Freightos continues to evolve in a competitive market, its commitment to innovation in freight management remains a key driver of its strategy.

For investors and stakeholders, Freightos’ approach showcases both its adaptability and its determination to achieve profitability while addressing industry challenges head-on. Stay tuned for further updates as the company continues its journey through 2026 and beyond.