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Freightos Limited Q2 2026 Financial Highlights

Freightos Limited (NASDAQ: CRGO) has recently announced its financial results for the second quarter of 2026, revealing a commendable record revenue of $7.7 million. This impressive figure has exceeded management's expectations and reflects a 3% increase compared to $7.4 million in the same quarter of 2025. The CEO and CFO, Pablo Pinillos, expressed satisfaction with the results, emphasizing the company's unwavering commitment to strengthening its position as a key player in the global freight industry.

Financial Context

The second quarter's performance was marked by a 67.6% IFRS gross margin, a slight improvement from 67.1% in Q2 2025. Although the company reported a loss of $1.6 million, this was significantly lower than the $4.3 million loss reported during the same period in 2025. The Adjusted EBITDA loss stood at negative $2.0 million, improving from negative $2.9 million in Q2 2025.

Freightos ended June 2026 with a robust cash position, boasting $21.4 million in cash and cash equivalents. Pinillos mentioned that the solid capital base will support the company's goals of achieving breakeven operations by the end of 2026 and generating cash flow by mid-2027.

Transaction and Carrier Growth

The Freightos platform processed a remarkable 458,000 transactions during the second quarter, marking a 15% year-over-year increase. This growth has been attributed largely to the resumption of activities on routes in the Middle East, despite ongoing military conflicts that have disrupted major shipping corridors.

The number of carriers on the platform displayed a slight decrease from 79 in the first quarter of 2026 to 75 in Q2 2026. This fluctuation was explained by some carriers failing to meet the minimum booking thresholds required for active status on the platform. Nonetheless, the platform also welcomed new additions, such as Ethiopian Airlines, contributing to the diversity in service options available to customers.

Unique buyer users utilizing Freightos for digital bookings of freight services saw a moderate rise to approximately 21,000, a 4% increase from Q2 2025. Gross Booking Value (GBV) reached a record $422 million, exhibiting a remarkable 33% increase from the previous year, indicating robust demand paired with elevated average air freight rates.

Revenue Breakdown

In the second quarter of 2026, total platform revenue amounted to $2.9 million, up 19% year-over-year. This uptick was driven primarily by strong performance in the WebCargo segment, along with higher-than-anticipated revenue from customs transactions, despite a downturn in SaaS performance.

Solutions revenue, on the other hand, faced a slight decline of 4%, totaling $4.8 million. This highlights the need for strategic adjustments as Freightos navigates the complexities of current market conditions while striving for long-term growth and profitability.

Looking Ahead: Financial Outlook

As Freightos progresses into the third quarter of 2026, management anticipates transaction volumes to range between 481,000 and 490,000, expecting year-over-year growth between 12% and 14%. The projections for GBV are similarly optimistic, with management targeting $390 million to $397 million.

A commitment to achieving breakeven Adjusted EBITDA by year-end remains a priority, reflecting the company's tactical approach amidst a landscape filled with both opportunities and challenges.

Conclusion

Freightos Limited's second quarter performance illustrates the company’s resilience and adaptability within the evolving landscape of global shipping. With a focused strategy aimed at enhancing its platform and customer offerings, Freightos remains well-positioned to leverage market trends and continue expanding its influence in the global logistics sector.