CRGO

Image source: The Motley Fool. Monday, Aug. 17, 2026 at 8:30 a.m. ET Chief Executive Officer and Interim Chief Financial Officer - Pablo Pinillos Chief Strategy Officer - Ian Arroyo Investor Relations - Anat Earon-Heilborn Anat Earon-Heilborn: Hello, and welcome to Freightos' Q2 2026 earnings conference call. A press release with detailed financial results was released earlier today and is available on the Investor Relations website -- section of our website, freightos.com/investors. My name is Anat Earon-Heilborn, and I'm joined today by Pablo Pinillos, Freightos' CEO and Interim CFO; and Ian Arroyo, Chief Strategy Officer. Following the prepared remarks, we'll open the call for questions. We are sharing slides during the call and using video. So we recommend using Zoom on a computer rather than dialing in by phone. The slides as well as a recording of this earnings call will be available on our website shortly after the call. Please be aware that today's discussion contains forward-looking statements, which are subject to a number of risks and uncertainties. Actual results may differ materially due to various risk factors. Please refer to today's press release and our SEC filings for more information on risk factors and other factors, which could impact forward-looking statements. Copies of these reports are available online. In discussing the results of our operations, we'll be providing and referring to certain non-IFRS financial measures. You can find reconciliations to the most directly comparable IFRS financial measures along with additional information regarding those non-IFRS financial measures in the press release on our website at freightos.com/investors. The company undertakes no obligation to update any information discussed in this call at any time. Before we begin, I'd like to note our upcoming investor events. This week, Freightos will participate virtually in the SIDOTI MicroCap conference. In September, management will attend the HC Wainwright Annual Investment Conference in New York. Links to webcast, when applicable, and other event updates can be found on our website. Today's earnings call will begin with a business and financial overview by Pablo, followed by Ian, who will discuss our product strategy in more detail. Next, Pablo will present the guidance for Q3 and full year 2026. We will conclude with Q&A. Questions can be submitted in writing during the call by using the Q&A feature in Zoom. With that, I will hand it over to Pablo. Pablo Pinillos: Thank you, Anat, and thank you, everyone, for joining us today. We delivered record revenues of $7.7 million, ahead of our expectations. Adjusted EBITDA loss improved to a record low negative $2 million primarily due to our tight cost discipline, and Platform revenue grew 19%. At the same time, Solutions revenue declined 4%, reflecting the execution gaps identified during 2025 in building a recurring revenue stream. However, with the disciplined changes and sharper prioritization now in place, we expect results to begin showing in H2. The quarter demonstrated that our global offering remains resilient and increasingly vital to customers navigating industry headwinds, while our operating discipline continues to improve. As we said at the beginning of the year, 2026 is a transition year. Our focus this year is on disciplined execution, tighter prioritization and building the foundation for long-term growth. As we look at our progress in the second quarter, I would highlight 3 themes. First, we continue to strengthen Freightos' position across the freight ecosystem, advancing our vision of becoming the infrastructure layer that connects the global freight industry. Second, we continue to execute against the plan we outlined earlier this year. In Q1, we focused the organization on alignment and prioritization. In Q2, that execution is increasingly reflected in the evolution of our product offering. While our updated full year outlook reflects areas where execution needs to accelerate, we expect the crossover to adjusted EBITDA breakeven to occur at some point during the fourth quarter. We see the business exiting 2026 at a breakeven run rate, and from there, becoming cash generative by mid-2027, ensuring our financial stability and ability to fund future growth. Before turning to the quarter, I would like to briefly note the appointment of Yaron Eldad as Freightos' new Chief Financial Officer, effective September 1. Yaron brings more than 25 years of senior financial leadership experience, including significant public company and international operating experience. His appointment is an important step in our management transition and strengthens the leadership team as we remain focused on delivering against our goals. We are very pleased to have him joining Freightos. Now let's discuss the results of the quarter. Total revenue for the second quarter was above our expectations and up 3% from Q2 last year. The outperformance was driven by Platform revenue of $2.9 million, increasing 19% compared to last year, whereas Solutions revenue of $4.8 million was down 4% from last year. The Platform outperforms this quarter reflects the breadth of our Platform revenue base. While the Middle East conflict continued to weigh on booking volumes in affected corridors, tariffs-driven reimbursement activity through Clearit provided a meaningful offsetting tailwind with one source of Platform revenue under pressure and another exceeding plan. The net result was Platform revenue above expectations. What we have seen in the Middle East, routes were still disruptive through the second quarter, but recovery was stronger than what we had previously anticipated. So our Platform facilitated 458,000 transactions, up 15% from Q2 last year. Excluding routes involving Middle East origin, destination or airspace, transactions grew year-on-year at a rate well in line with the company's long-term model of 20% to 30% transactions growth. The gross booking value of these transactions reached a record of $422 million, up 33% from Q2 last year. This reflects both the transaction volume and the fact that the average air freight rates remain high, about 25% above their pre-conflict levels. Platform revenue benefited from higher-than-expected contribution from Clearit, our custom transactions business line. Clearit processed many refund claims following tariff policy changes. This activity carries higher revenue per transaction and typical customs transactions and was a meaningful largely temporarily contributor to Q2 outperformance. We expect a moderate contribution in Q3 and a smaller contribution in Q4. Nevertheless, it is a reminder of the importance of having a broad Platform revenue base. We announced the addition of Korean Air to Freightos' network. This is the major Asian cargo airline whose addition we referred on our Q1 quarter call. We have said for some time that expanding airline participation in Asia is a strategic priority for us. So confirming Korean Air as part of the network is an important milestone. As we continue adding leading carriers across key geographies, we strengthen network connectivity, increase the depth of the network and create more opportunities for better procurement and decision-making across the Platform. Every leading carrier we add has increased the data flow through the network, and that cumulative effect of building a larger, more connected network over time is really the bigger story here. Active carrier count, active meaning that they've received more than 5 transactions each in the quarter, was 75 compared with 79 in Q1 and 75 a year ago. The quarter-on-quarter decrease reflects some carriers falling down below the threshold, partially offset by the addition of other carriers. So the active carrier count can fluctuate quarter-on-quarter as individual carriers move above or below the threshold. But we are focused on the long-term trajectory and customer value, adding leading carriers, expanding geographic coverage, deepening the network, increasing available capacity. Turning to Solutions. Revenue for the second quarter was down year-on-year, reflecting the execution gap identified during 2025. New bookings were not sufficient to cover for the shortfall, and we are seeing some pricing pressure on renewals. We are not satisfied with this performance, and we are being direct about that. We continue to build a strong pipeline, up 30% quarter-on-quarter that is progressing correctly through the sales cycle, but the pipeline is not the outcome, bookings and revenue are. We are measuring progress through conversion rates, sales cycle duration, renewals and customer go-lives. We will judge ourselves on those outcomes, and we expect it to start converting during H2. The strategic logic connecting solutions to the rest of the offering hasn't changed. Our solutions become embedded into customers' procurement, pricing and booking workflows, driving increasing platform activity, which is -- which in turn generates richer data and market intelligence that makes the solutions themselves more valuable. That reinforcing dynamic is intact. But for it to work, we need to convert more effectively on deal velocity, on demonstrating clear ROI to customers in a market where procurement budgets are under scrutiny and on closing the gap between pipeline strength and bookings. Part of that, we have done to share -- part of what we have done to sharpen that customer value is to bring our product portfolio together under a single Freightos identity. And Ian will walk through the product implications in a moment, but at the strategic level, here's why it matters. This is an evolution in how we present the company and how we operate both internally and externally. Over the years, we have built multiple products serving different parts of the freight ecosystem. As those capabilities have become increasingly integrated, it became important that our brand reflects that reality. Our ambition is not simply to offer great logistics offer. Our ambition is to build a connected platform where procurement, pricing, booking, payment, data and decision intelligence work together to help customers move freight more efficiently. A unified identity make it easier for customers to understand the breadth of the Freightos Platform and how our solutions work together. We received positive customer feedback on the move and believe that clarity will support Solutions adoption over time. Before I hand it over to Ian, let's discuss our profitability and cash position. Non-IFRS gross margin was 74.1%, up from 73.5% in Q2 last year, demonstrating efficiency gains. Adjusted EBITDA was negative $2 million, reflecting primarily the disciplined cost management and focused investment approach we outlined at the beginning of the year. The cost optimization actions we announced in March are on track. We're beginning to see the operational benefit of those actions that will continue during Q3 to get full benefit on the financial impact in Q4 as we indicated. We ended the quarter with $21.4 million in cash and short-term deposits. We are on track to cross the adjusted EBITDA breakeven point by the end of the year. Once we reach breakeven, we expect to begin generating positive cash flow within 1 or 2 quarters after that. So we are not only well capitalized to execute our strategy through breakeven, we have the resources to continue investing in the business beyond it. And with that, I will pass it over to Ian. Ian Arroyo: Thanks, Pablo. As Pablo mentioned, one of our priorities this year has been disciplined execution, focusing our product investments on the areas where we can create the greatest value for our customers while strengthening the long-term value of the Freightos' platform. During the second quarter, our work centered around 3 main areas. The first is building deeper workflow solutions. During Q2, we continued making progress across both our shipper and freight forwarder solutions. For enterprise shippers, we enhance the experience within Freightos Procure by bringing key stages of the tender process into a more intuitive end-to-end environment. For example, we worked with a major U.K. enterprise shipper whose global procurement team was manually consolidating lane requirements from regional logistics leaders across e-mails and spreadsheets before uploading them into our platform. By enabling those regional teams to enter requirements directly into Freightos Procure, the entire tender process from lane collection, to carrier ranking, to final award now takes place within a single platform. For freight forwarders, we continue developing the next generation of our air, pricing, quoting and booking experience. With these initiatives, while these initiatives serve different customer segments, they're driven by the same philosophy, helping customers manage more of their freight procurement and execution within Freightos rather than solving individual isolated tasks. Ocean freight is a great example of why that matters. Ocean procurement remains highly fragmented with a wide variety of contract formats, pricing structures and data standards that still require significant manual effort. Our objective isn't simply to digitize those processes, it's to standardize the underlying data that powers them. That makes it easier for customers to generate accurate quotes, compare alternatives and manage freight more efficiently. Ultimately by replacing fragmented manual processes with standardized digital ones, we help customers reduce the time and effort required to manage freight while giving them better data and broader market visibility to make smarter procurement decisions and lower their transportation costs. The second area is the product dimension of ONE Freightos. As Pablo said, ONE Freightos is much more than a branding initiative. From a product perspective, it reflects our portfolio and how it's evolving. Historically, many of our products were developed independently, reflecting both the different customer groups they serve and the way Freightos has grown over time. Today, we're increasingly connecting those capabilities into a more unified platform while still tailoring the experience for freight forwarders, enterprise shippers and SMB customers. Our customers don't think in terms of individual applications. They think about getting work done, whether that's moving from market intelligence into procurement, procurement into booking, booking into shipment management, our goal is to make those transitions increasingly seamless for the customer. A critical part of that vision is multi-modality, the ability to manage ocean, air and land freight within a single platform. We believe that's one of Freightos' most important long-term differentiators, and in the second half of the year, we expect to bring more of those capabilities into the market. Over time, we believe this will make Freightos easier to adopt, easier to expand across customer organizations and ultimately more valuable as customers rely on us for a broader portion of their freight operations. For Freightos, this is much more than a product strategy. As we become embedded across more of the freight workflows, we increase the number of customer interactions we support around every shipment. That creates more opportunities to deliver value to deepen customer relationships and, over time, monetize a larger portion of the freight journey. The third area is accelerating how we build products. Alongside the evaluation of our portfolio, we're also modernizing the underlying architecture that supports it. As part of our long-term platform strategy, we're migrating products onto a common technology foundation designed to accelerate innovation and AI-assisted development. This common foundation is an important enabler of ONE Freightos, allowing us to deliver a more unified customer experience while accelerating the pace of innovation. During Q2, we continued building customer capabilities on that foundation while expanding the use of AI across our product development process from product design and prototyping through to software development. In the second half of the year, customers will begin benefiting from capabilities built on this new foundation. Much of this work happens behind the scenes, but it's important because it supports faster innovation, AI-assisted development and intelligent customer workflows. We also believe AI is most valuable when it's connected to trusted freight data and embedded directly into customer operations. That's the approach we are taking, using AI not simply to automate a task, but to help customers make better decisions across their procurement, pricing, booking and execution life cycles. Together, these efforts reflect continued execution against the priorities we laid out earlier this year. We're building deeper workflow solution, bringing more of our platform together through ONE Freightos and creating a technical foundation that allows us to innovate faster. We believe these investments will strengthen customer adoption today while creating a larger platform for expansion, monetization and transaction growth over time. With that, I'll turn it back to Pablo to walk through our guidance. Pablo Pinillos: Thanks, Ian. Now turning to our outlook. On transactions, our outlook assumes that the Middle East recovery continues at roughly the pace we saw in Q2 without a further step up. We are not assuming a full normalization of those routes. We are reflecting what we have actually observed. Excluding Middle East affected routes, our underlying transaction growth remains in the 20% to 30% range, which is consistent with our long-term model. But in total, we assume lower teens growth, and revised our full year expectation slightly upwards to 12% to 14% growth year-on-year. GBV guidance reflects both those transactions volumes and our assumption that the air freight rates remain at approximately current levels. We are also improving our yearly guidance to 19% to 21% growth year-on-year. On revenue, we expect $7.7 million to $7.8 million in Q3 and narrowed the range for the full year expectations to $30.4 million to $31.0 million. The Q2 platform revenue outperformance driven primarily by the Clearit refund claims activity that I described earlier was mostly onetime dynamic. We don't expect that to repeat at the same level. At the same time, the SaaS execution challenges we discussed are real, Middle East routes are still at risk and our updated revenue guidance reflects that reality. We remain committed to accelerating pipeline conversion into booking, which we expect to drive revenue growth in 2027. We are protecting the path to adjusted EBITDA breakeven through the cost discipline and focused investment approach we have been executing against all year. We expect adjusted EBITDA of negative $1.3 million to $1.2 million in Q3 and a loss lower than $1 million in Q4. This trajectory reflects crossing breakeven at some point during Q4 and reaching a meaningful milestone we have repeatedly committed to. Before we open up for questions, let me bring it back to the 3 themes I outlined at the top of the call. First, we continue to strengthen Freightos' position as the infrastructure layer for global freight seamlessly connected the freight industry. Let me highlight that the addition of Korean Air, 75 active carriers on the platform, 15% transactions growth year-on-year and a record of GBV of $422 million. All of these reflect our strategic approach to create a network that is deeper, more connected, shares interoperability standards and increasingly central to how the industry operates. Second, we are executing against the plan we laid out at the beginning of the year. In Q1, that work was largely organizational. In Q2, it's showing up in the product, in the workflow improvements Ian described, in the unification of our portfolio under ONE Freightos and in the architectural foundation that will allow us to move faster. On the Solutions side, execution is not yet where it needs to be. Our priority for the second half is converting customer demand into bookings, implementations and recurring revenue. The pipeline is healthy, the product is evolving and we need to close the gap between those inputs and bookings. That's our focus for the second half. Third, our financial execution is improving. We expect to exit the year at an adjusted EBITDA breakeven run rate and to become cash generative during the first half of 2027. With $21.4 million in cash, we have the resources to reach that milestone and to continue investing beyond it. Freightos' has the network, data and customer relationships to become increasingly important infrastructure for global trade. Our responsibility now is to turn that position into more predictable growth and sustainable cash generation. Thank you for joining us today and sharing your time. Anat Earon-Heilborn: Okay, we will now move to the Q&A. First question is from the line of George Sutton. George Sutton: So I wanted to make sure I understood on the Solutions go-to-market changes that you might be making. It seems like a market where there's a lot of volatility in prices, which would seem to be a great scenario for you to sell Solutions. What do you see changing here? You mentioned you need to improve the execution in the back half of the year? Pablo Pinillos: Well, we are seeing us changes that, first, with our unified approach from a product perspective, workflow. The value that the customers -- that we are giving to the customers and the value that they are receiving from us is increasing. That is helping us to improve our pipeline. At the beginning of the year, in the previous call, I said that we have generated 2x pipeline versus last year, and we are continuing to grow that in this quarter by 30%. We need to be closer in the sales cycles, achieving the right milestones, the right conversation to be able to close it. We see from a market perspective that there is a lot of uncertainty in the market still. So that makes the customers to rethink and think the value how to spent the budget that they have, so with some budget constraints, and we also see some competition from a pricing perspective that are trying to get the prices down. That's the things that we need to be on top of. We need to be focusing on executing, and we need to focus on making that -- shorten that gap. George Sutton: So you specifically referenced pressure on renewals. I'm just curious how are you -- so you're handling that basically by bringing people into the one platform, which would give them dramatically more views and capabilities? Is that the... Pablo Pinillos: Yes. We are bringing into one platform. We are continue developing new features and new product capabilities that Ian mentioned and provided a broader value proposition to the customers. George Sutton: Got you. And then just one other question, on the carriers that fall below the threshold, these are not carriers that leave the platform, they just simply didn't execute enough transactions. I'm curious, how do you reach out to them and work with those types of carriers? And can you confirm they're not falling off the platform, they're just not executing? Pablo Pinillos: You're totally right on that. They didn't fall off the platform. They are still on the platform, and we still see that they continue to do some bookings. We reach out directly to them to see how can we help them and how can we maximize the value of the platform with them. That's our strategy with those type of carriers. Anat Earon-Heilborn: Okay. So we have a few questions on the chat. First question is about cash. First part is, what was the change in cash this quarter? I believe we answered that... Pablo Pinillos: Yes, I can answer that. We went from $23.5 million in cash at the end of Q1 to $21.4 million in cash at the end of Q2, so that's a $2.1 million change. Anat Earon-Heilborn: And the second part is, what do you expect cash burn to be in the next 4 quarters until reaching cash flow positive? Pablo Pinillos: As I said several times, our cash burn is very similar to our adjusted EBITDA numbers. And for Q2, you have seen that our adjusted EBITDA number was negative $2 million and cash burn was $2.1 million. So we expect to burn for the rest of the year what we are guiding the market at. And probably for the beginning of next year, adding no more than $500,000 on top of that until we become cash positive. Anat Earon-Heilborn: Next question is, transaction grew 15%, while unique buyer users increased only 4%, indicating higher usage among existing customers. What is driving that increase? Pablo Pinillos: We believe that mainly what is driving that increase is the 2 things. The value that the existing users see in our platform. So -- and we have the data to prove that the more -- when we add new carriers into the platform and new capacity into the platform, our freight forwarder community increase the number of transactions in an average of the 5x in 3 quarters and close to 7x in 4 quarters and so on. So that's what we usually see, and this is confirming the trend. It's independent of the number of users using the platform, it's the times that they use the platform. Anat Earon-Heilborn: And the last question is, despite better-than-expected platform KPIs and a Q2 revenue beat, the midpoint of full year revenue guidance is essentially unchanged. Is the main offset weaker solutions expectations for the second half? Pablo Pinillos: Well, we said -- I said it during the call today that the -- one of the things that brought the better-than-expected Q2 results was Clearit, which we expect that not to continue over the year. And we also came out with a 4% decline year-on-year from a Solutions perspective. So we are adjusting our full year guidance in light of those numbers. Anat Earon-Heilborn: Okay. That concludes also the Q&A session. Pablo Pinillos: Thank you, everyone. Anat Earon-Heilborn: Thanks. Bye. Pablo Pinillos: Bye. Before you buy stock in Freightos, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Freightos wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $429,223!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,317,883!* That performance is why people listen. With a track record of beating the S&P 500 by nearly 5x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 24, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Freightos (CRGO) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

This article first appeared on GuruFocus. Revenue: Record revenue of $7.7 million, up 3% year-over-year. Platform Revenue: $2.9 million, up 90% year-over-year. Solutions Revenue: $4.8 million, down 4% year-over-year. Gross Margin (Non-IFRS): 74.1%, up from 73.5% in Q2 last year. Adjusted EBITDA: Loss of negative $2 million, a record low. Cash Position: $21.4 million in cash and short-term deposits at quarter end. Transactions: 458,000 transactions facilitated, up 15% year-over-year. Gross Booking Value (GBV): Record $422 million, up 33% year-over-year. Active Carriers: 75 active carriers on the platform. Q3 2026 Revenue Guidance: Expected to be between $7.7 million and $7.8 million. Full-Year 2026 Revenue Guidance: Narrowed to $30.4 million to $31.0 million. Full-Year 2026 Transactions Growth Guidance: Revised slightly upward to 12% to 14% growth year-over-year. Full-Year 2026 GBV Growth Guidance: Improved to 19% to 21% growth year-over-year. Q3 2026 Adjusted EBITDA Guidance: Expected loss of negative $1.3 million to $1.2 million. Q4 2026 Adjusted EBITDA Guidance: Expected loss lower than $1 million. Warning! GuruFocus has detected 5 Warning Signs with CRGO. Is CRGO fairly valued? Test your thesis with our free DCF calculator. Release Date: August 17, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Record Q2 revenue of $7.7 million, exceeding expectations, with platform revenue up 19% year-over-year. Adjusted EBITDA loss improved to a record low of negative $2 million, reflecting tight cost discipline. Gross booking value (GBV) reached a record $422 million, up 33% year-over-year, driven by high air freight rates. Added Korean Air to the network, a strategic milestone in expanding Asian carrier participation. Excluding Middle East-affected routes, transaction growth remained in line with the long-term 20%-30% model. Solutions revenue declined 4% year-over-year due to execution gaps and pricing pressure on renewals. Adjusted EBITDA loss, while improved, was still negative $2 million, with cash burn of $2.1 million in Q2. Middle East conflict continued to weigh on booking volumes in affected corridors, with no full normalization assumed. Clearit refund claims activity, a major Q2 tailwind, is expected to be largely temporary, reducing future platform revenue contributions. Full-year revenue guidance midpoint remained essentially unchanged despite Q2 beat, reflecting weaker solutions expectations and one-time benefits. Q: Despite better-than-expected platform KPIs and a Q2 revenue beat, the midpoint of full-year revenue guidance is essentially unchanged. Is the main offset weaker solutions expectations for the second-half?A: Pablo Pinillos (CEO & Interim CFO) confirmed that the Q2 outperformance was largely driven by a temporary tailwind from Clearit's tariff-related refund claims activity, which is not expected to continue at the same level. Additionally, solutions revenue declined 4% year-over-year due to execution gaps, prompting the company to adjust its full-year guidance to reflect these realities. Q: On the solutions go-to-market changes, what is changing given the market volatility, and how will you improve execution in the back half of the year?A: Pablo Pinillos (CEO & Interim CFO) stated that the unified One Freightos approach is increasing customer value and improving the pipeline, which grew 30% quarter-over-quarter. However, market uncertainty and budget constraints are causing customers to delay decisions, and there is pricing pressure from competition. The focus for H2 is on shortening the sales cycle, improving conversion rates, and closing the gap between pipeline strength and actual bookings. Q: You specifically referenced pressure on renewals. How are you handling that?A: Pablo Pinillos (CEO & Interim CFO) explained that the company is addressing renewal pressure by bringing customers into the unified One Freightos platform, which provides a broader value proposition. They are continuing to develop new features and product capabilities to demonstrate clear ROI and retain customers. Q: Transaction growth was 15% while unique buyer users increased only 4%, indicating higher usage among existing customers. What is driving that increase?A: Pablo Pinillos (CEO & Interim CFO) attributed the increase to the value existing users see in the platform. He noted that when new carriers and capacity are added, the freight forwarder community increases transactions by an average of 5 times in three quarters and close to 7 times in four quarters. This trend confirms that usage frequency is independent of the number of users. Q: The carriers that fell below the active thresholdare they leaving the platform, and how do you work with them?A: Pablo Pinillos (CEO & Interim CFO) confirmed that these carriers have not left the platform; they remain active but simply executed fewer than five transactions in the quarter. Freightos reaches out directly to these carriers to understand how they can help maximize the platform's value for them, focusing on long-term engagement rather than short-term fluctuations. Q: What was the change in cash this quarter, and what do you expect cash burn to be in the next four quarters until reaching cash flow positive?A: Pablo Pinillos (CEO & Interim CFO) reported that cash decreased from $23.5 million at the end of Q1 to $21.4 million at the end of Q2, a $2.1 million change. He expects cash burn to align closely with adjusted EBITDA guidance for the rest of the year, with an additional burn of no more than $500,000 in early 2027 before becoming cash positive. Q: Can you elaborate on the Clearit contribution and its expected impact on future quarters?A: Pablo Pinillos (CEO & Interim CFO) explained that Clearit processed many refund claims following tariff policy changes, which carried higher revenue per transaction than typical customs transactions. This was a meaningful but largely temporary contributor to Q2 outperformance. The company expects a moderate contribution in Q3 and a smaller contribution in Q4. Q: What is the outlook for transactions and GBV growth, and how does the Middle East conflict factor into guidance?A: Pablo Pinillos (CEO & Interim CFO) stated that excluding Middle East-affected routes, underlying transaction growth remains in the 20%-30% range. However, total transaction growth is expected to be in the low teens, with full-year guidance revised slightly upward to 12%-14%. GBV guidance assumes air freight rates remain at approximately current levels, with full-year growth expected at 19%-21%. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Freightos Limited? Here are five stocks we like better. Q2 performance exceeded expectations: Revenue rose 3% year over year to $7.7 million, while the adjusted EBITDA loss narrowed to $2 million. Platform revenue grew 19% and transaction volume increased 16%, offsetting a 4% decline in solutions revenue. Temporary Clearit boost and ongoing execution challenges: Tariff-related customs refund claims supported second-quarter results but are expected to contribute less in the second half of the year. Management said solutions bookings, renewals and customer conversions remain below expectations despite a 30% sequentially larger sales pipeline. Breakeven remains the key outlook target: Freightos expects fourth-quarter adjusted EBITDA breakeven, cash generation by mid-2027 and 2026 revenue of $30.4 million to $31.0 million. The outlook assumes only a gradual recovery in Middle East routes and air-freight rates remaining near current levels. Freightos (NASDAQ:CRGO) reported second-quarter 2026 revenue of $7.7 million, up 3% from a year earlier and above the company’s expectations, as growth in platform revenue offset a decline in solutions revenue. The company also said its adjusted EBITDA loss narrowed to $2 million, its lowest reported loss under that measure, while it continued to target an adjusted EBITDA breakeven run rate by the end of 2026. “2026 is a transition year,” CEO and interim CFO Pablo Pinillos said on the company’s earnings call. “Our focus this year is on disciplined execution, tighter prioritization, and building the foundation for long-term growth.” → Applied Materials Beat Everything but Wall Street’s Expectations for Margins Platform revenue rose 19% year over year to $2.9 million, while solutions revenue declined 4% to $4.8 million. Pinillos said platform results benefited from a broad revenue base, with Middle East-related disruptions weighing on booking volumes in affected trade corridors but tariff-driven refund-claim activity through the company’s Clearit customs business providing an offset. Clearit processed a higher volume of refund claims following tariff policy changes. Pinillos said this activity produced higher revenue per transaction than typical customs transactions and was a “meaningful, largely temporary contributor” to second-quarter outperformance. Freightos expects a moderate contribution from the activity in the third quarter and a smaller contribution in the fourth quarter. → Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing The company facilitated 458,000 transactions during the quarter, up 16% from the prior-year period. Excluding routes involving Middle East origins, destinations or airspace, transaction growth was within Freightos’ long-term target range of 20% to 30%, according to Pinillos. Gross booking value reached a record $422 million, up 33% year over year, helped by air-freight rates that remained about 25% above pre-conflict levels. Freightos added Korean Air to its network during the quarter. Pinillos characterized the addition as an important milestone in the company’s effort to expand airline participation in Asia. The company had 75 active carriers during the period, compared with 79 in the first quarter and 75 a year earlier. Freightos defines active carriers as those receiving more than five transactions during the quarter. → AirJoule Technologies: Short Squeeze Setup Amid Rising Risks Pinillos said the sequential decline did not mean carriers had exited the platform, but reflected carriers moving below the transaction threshold. He said the company engages directly with those carriers to help maximize their use of the platform. Management acknowledged that solutions revenue performance remained below expectations. Pinillos said bookings were not sufficient to cover the revenue shortfall and that the company faced pricing pressure on renewals. Freightos’ sales pipeline grew 30% sequentially during the quarter, but management said it needed to improve conversion rates, sales-cycle duration, renewals and customer implementations. “The pipeline is not the outcome. Bookings and revenue are,” Pinillos said. He cited customer budget constraints amid freight-market uncertainty, along with competitive pricing pressure, as factors affecting sales execution. Freightos has consolidated its products under the “ONE Freightos” identity, an initiative management described as more than a branding change. Chief Strategy Officer Ian Arroyo said the company is seeking to connect previously separate products into a unified platform for freight forwarders, enterprise shippers and small and midsize customers. Arroyo said the company enhanced Freightos Procure for enterprise shippers by enabling regional teams to enter lane requirements directly into the platform, rather than having procurement teams consolidate information from emails and spreadsheets. The company is also developing its next-generation air pricing, quoting and booking tools for freight forwarders. The company’s longer-term strategy includes making ocean, air and land freight capabilities available through a single platform. Arroyo said Freightos is also migrating products to a common technology foundation intended to support faster innovation and AI-assisted product development. Customers are expected to begin receiving capabilities built on that foundation during the second half of the year. Non-IFRS gross margin was 74.1% in the second quarter, up from 73.5% a year earlier. Freightos ended the quarter with $21.4 million in cash and short-term deposits, down from $23.5 million at the end of the first quarter. Pinillos said the $2.1 million change was broadly in line with the company’s adjusted EBITDA loss. The company expects its cost optimization actions announced in March to deliver a fuller financial impact in the fourth quarter. Freightos expects to reach adjusted EBITDA breakeven at some point during the fourth quarter and to become cash-generative by mid-2027. Pinillos said cash burn is expected to remain similar to adjusted EBITDA through the rest of 2026, with no more than an additional $500,000 expected at the beginning of 2027 before the company turns cash-flow positive. Third-quarter revenue guidance: $7.7 million to $7.8 million. Full-year 2026 revenue guidance: $30.4 million to $31.0 million. Third-quarter adjusted EBITDA guidance: loss of $1.3 million to $1.2 million. Fourth-quarter adjusted EBITDA outlook: loss of less than $1 million, with breakeven expected during the quarter. Full-year transaction growth outlook: 12% to 14% year over year. Full-year gross booking value growth outlook: 19% to 21% year over year. Freightos’ guidance assumes that recovery in Middle East routes continues at approximately the pace seen in the second quarter, without full normalization. It also assumes air-freight rates remain near current levels. Management said the updated revenue outlook reflects the temporary nature of Clearit’s refund-claim contribution, continued risks in Middle East routes and ongoing solutions execution challenges. The company also announced that Yaron Eldad will become chief financial officer effective Sept. 1. Pinillos said Eldad brings more than 25 years of senior financial leadership experience and will strengthen the leadership team during Freightos’ management transition. Freightos, trading under the symbol CRGO on Nasdaq, operates a digital booking platform designed to streamline international freight logistics. The company's core offering, the Freightos Marketplace, allows shippers and freight forwarders to compare and book air, ocean and trucking services online, providing rate transparency and live booking capabilities. By aggregating quotes from a global network of carriers and forwarders, Freightos enables customers to secure competitive prices and manage bookings through a single interface. In addition to its marketplace, Freightos offers a suite of SaaS solutions for logistics professionals. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Freightos Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Record Revenue of $7.7 Million Exceeded Management Expectations Well-Capitalized with $21M in Cash to Support Breakeven and Growth BARCELONA, Spain, Aug. 17, 2026 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral global freight pricing, booking and procurement platform, today reported financial results for the quarter ended June 30, 2026. "Our second quarter results delivered record revenue ahead of our expectations and our lowest-ever Adjusted EBITDA loss, as we continued executing against the priorities we set at the beginning of the year," said Pablo Pinillos, CEO and CFO of Freightos. "We are strengthening Freightos' position as the infrastructure layer for global freight, and unifying our product portfolio under a single Freightos identity to make it easier for customers to adopt and expand their use of it. World events created headwinds for some parts of our business and tailwinds for others, demonstrating that the comprehensiveness of our offering provides meaningful diversification alongside the value it delivers to customers. Our updated full year outlook reflects areas where execution needs to accelerate as well as the high market uncertainty. We remain committed to our profitability targets by exiting the year at Adjusted EBITDA breakeven and expect to become cash generative by mid-2027." Second Quarter 2026 Financial Highlights Revenue of $7.7 million for the second quarter of 2026, up 3% compared to $7.4 million in the second quarter of 2025. IFRS Gross Margin of 67.6%, up from 67.1% in the second quarter of 2025. Non-IFRS Gross Margin of 74.1%, up from 73.5% in the second quarter of 2025. IFRS loss of $1.6 million, compared to a loss of $4.3 million for the second quarter of 2025. Adjusted EBITDA of negative $2.0 million, compared to negative $2.9 million for the second quarter of 2025. Cash and cash equivalents and a short term bank deposit balance at the end of June 2026 of $21.4 million. Recent Business Highlights Transactions Growth: Freightos platform facilitated 458k transactions during the second quarter of 2026, up 15% year-over-year and above management's expectations, reflecting primarily resumed activity in Middle East routes. The military conflict in the Middle East continued to disrupt major international shipping and air corridors, but recovery throughout the quarter was stronger than management had anticipated. Excluding routes involving Middle East origin, destination or airspace, transactions grew during the second quarter of 2026 year-over-year at a rate in line with the company's long-term model of 20-30% transactions growth. Carrier Growth: The number of carriers actively selling on the platform in the second quarter of 2026 was 75, compared with 79 in Q1 2026 and 75 in Q2 2025. The quarter-on-quarter decrease reflects some carriers falling below the minimum threshold of bookings on the platform for the quarter to be deemed a carrier, partially offset by the addition of other carriers, including Ethiopian Airlines, whose joining was announced in March 2026. Unique Buyer Users: The number of Unique buyer users digitally booking freight services across the platform Increased moderately to approximately 21 thousand, compared to approximately 20,600 in Q1 2026 and up 4% from Q2 2025. Gross Booking Value Growth: The total value of transactions processed on the Freightos platform, or GBV, reached a record of $422 million for Q2 2026, up 33% from Q2 last year and above management's expectations. The outperformance reflects both continued growth in transaction volumes and the sustained elevation of average air freight rates, which have remained approximately 25% above pre-Middle East conflict levels at the same time as the platform has recovered a significant portion of its transaction volumes that were lost during the height of the conflict. Revenue Growth:  Second quarter revenue of $7.7 million reflected solid revenue growth from the WebCargo by Freightos platform and higher than expected revenue from customs transactions, offset in part by lower-than-expected performance in SaaS. Total Platform revenue in the second quarter of 2026 was $2.9 million, up 19% year-over-year, and Solutions revenue was $4.8 million, down 4%. Financial Outlook Further financial details are included as an appendix below. Earnings Webcast Freightos' management will host a webcast and conference call to discuss the results today, August 17, 2026, at 8:30 a.m. ET. https://freightos.zoom.us/webinar/register/WN__BSW1OT9QhasPC2kadXZ9Q#/registration Following registration, you will be sent the link to the conference call which is accessible either via the Zoom app, or alternatively from a dial-in telephone number. Questions may be submitted in advance to [email protected] or via Zoom during the call. A replay of the webcast, as well as the conference call transcript, will be available on Freightos' Investor Relations website following the call. Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which include the financial outlook of Freightos, are based on various assumptions, whether or not identified in this press release, and on the current expectations of Freightos, and are not predictions of actual performance. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Freightos. These forward-looking statements are subject to a number of risks and uncertainties, including: disruptions to the international freight industry, including those caused by global economic trends and policy changes, such as increased tariffs and protectionist trade policies being implemented by the United States and other countries and their impact on shipping volume and, hence, number of Transactions, GBV and Platform revenue; ongoing and additional military conflicts in the Middle East, and their impact on the international shipping routes that including major air corridors and the Red Sea and Strait of Hormuz; competition; the ability of Freightos to build and maintain relationships with carriers, freight forwarders and importers/exporters; Freightos' ability to keep pace with rapid technological changes, particularly in artificial intelligence; changes in applicable laws or regulations; any downturn or volatility in economic conditions whether related to reduced international trade, inflation, armed conflict or otherwise; changes in the competitive environment affecting Freightos or its users, including Freightos' ability to introduce new products or technologies; risks to Freightos' ability to protect its intellectual property and avoid infringement by others, or claims of infringement against Freightos; disruptions and instability caused by Freightos' CEO transition, changes to its board of directors, and its other leadership changes; and those additional factors discussed under "Item 3.D. Risk Factors" in Freightos' annual report on Form 20-F for the year ended December 31, 2025, filed with the SEC on March 26, 2026, and any other risk factors Freightos includes in any subsequent reports of foreign private issuer on Form 6-K furnished to the SEC. If any of these risks materializes or Freightos' assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks of which Freightos is not aware presently or that Freightos currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect Freightos' expectations, plans or forecasts of future events and views as of the date of this press release. Freightos anticipates that subsequent events and developments will cause Freightos' assessments to change. However, while Freightos may elect to update these forward-looking statements at some point in the future, Freightos specifically disclaims any obligation to do so, except as may be required by law. These forward-looking statements should not be relied upon as representing Freightos' assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Financial Information; Non-IFRS Financial Measures While certain financial figures included in this press release have been computed in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board, this press release does not contain sufficient information to constitute an interim financial report as defined in International Accounting Standards 34, "Interim Financial Reporting" nor a financial statement as defined by International Accounting Standards 1 "Presentation of Financial Statements". This press release includes certain financial measures not presented in accordance with IFRS, including, but not limited to, Adjusted EBITDA. These non-IFRS measures differ from the most directly comparable measures determined under IFRS. For the historical non-IFRS results included herein, we have provided tables at the end of this press release providing a reconciliation of those results to our results achieved under the most directly comparable IFRS measures. For the forward-looking, non-IFRS data included under "Financial Outlook" (Adjusted EBITDA), we have not included the most directly comparable IFRS metric (i.e., IFRS loss), or a reconciliation between the two, because that IFRS data and that reconciliation cannot be prepared without unreasonable effort or with reasonable certainty. Our results and forecasts expressed as non-IFRS measures should not be considered in isolation or as an alternative to revenue, net income, cash flows from operations or other measures of profitability, liquidity or performance under IFRS. You should be aware that the presentation of these measures may not be comparable to similarly-titled measures used by other companies. Freightos believes that Adjusted EBITDA and other non-IFRS measures provide useful information to investors and others in understanding and evaluating Freightos' operating results because they provide supplemental measures of our core operating performance and offer consistency and comparability with both our own past financial performance and with corresponding financial information provided by peer companies. These non-IFRS measures are presented to permit investors and others to more fully understand how management assesses our performance for internal planning and forecasting purposes. Certain monetary amounts, percentages and other figures included in this press release have been subject to rounding adjustments, and therefore may not sum due to rounding. Glossary We have provided below a glossary of certain terms used in this press release: Transactions: Number of bookings for freight services, and related services, placed by Buyers across the Freightos platform with third-party sellers and with Clearit. Sellers of transactions include carriers (that is, airlines, ocean liners and LCL consolidators) and also other providers of freight services such as trucking companies, freight forwarders, general sales agents, and air master loaders. The number of transactions booked on the Freightos platform in any given time period is net of transactions that were canceled prior to the end of the period. Transactions booked on white label portals hosted by Freightos are included if there is a transactional fee associated with them. Carriers: Number of unique air and ocean carriers, mostly airlines, that have been sellers of transactions. For airlines, we count booking carriers, which include separate airlines within the same carrier group. We do not count dozens of other airlines that operate individual segments of air cargo transactions, as we do not have a direct booking relationship with them. Carriers include ocean less-than-container load (LCL) consolidators. In addition, we only count carriers when more than five bookings were placed with them over the course of a quarter. Unique buyer users: Number of individual users placing bookings, typically counted based on unique email logins. The number of buyers, which counts unique customer businesses, does not reflect the fact that some buyers are large multinational organizations while others are small or midsize businesses. Therefore, we find it more useful to monitor the number of unique buyer users than the number of buyer businesses. GBV: Total value of transactions on the Freightos platform, which is the monetary value of freight services and related services contracted between buyers and sellers on the Freightos platform, plus related fees charged to buyers and sellers, and pass-through payments such as duties. GBV is converted to U.S. dollars at the time of each transaction on the Freightos platform. This metric may be similar to what others call gross merchandise value (GMV) or gross services volume (GSV). We believe that this metric reflects the scale of the Freightos platform and our opportunities to generate platform revenue. Adjusted EBITDA: Loss before income taxes, finance income, finance expense, share-based compensation expense, depreciation and amortization, reorganization expenses and change in fair value of warrants. Platform revenue: Fees charged to buyers and sellers in relation to transactions executed on the Freightos platform. For bookings conducted by importers/exporters, our fees are typically structured as a percentage of booking value, depending on the mode and nature of the service. When freight forwarders book with carriers, the sellers often pay a pre-negotiated flat fee per transaction. When sellers transact with a buyer who is a new customer to the seller, we may charge a percentage of the booking value as a fee. Solutions revenue: Primarily subscription-based SaaS and data. It is typically priced per user or per site, per time period, with larger customers such as multinational freight forwarders or enterprise shippers often negotiating fixed, all-inclusive subscriptions. Revenue from our Solutions segment includes certain non-recurring revenue from services ancillary to our SaaS products, such as engineering, customization, configuration and go-live fees, and data services for digitizing offline data. About Freightos Freightos® is the leading digital infrastructure platform powering the international freight industry. Operating as a vendor-neutral network, Freightos connects airlines, ocean carriers, trucking carriers, freight forwarders, and importers and exporters of all sizes to bring transparency, efficiency, and resilience to global supply chains. The Freightos platform digitalizes freight execution by transforming manual, fragmented processes into seamless, connected, and data-driven digital workflows. Freightos delivers integrated capabilities including procurement, pricing, quoting, booking, customs clearance, payments, and market intelligence across air, ocean, and road freight. By serving as the intelligence middleware layer that unifies data and workflows, Freightos empowers smarter operational decisions and enables market participants to transact, collaborate, and manage global shipments more effectively. Used by thousands of logistics service providers and businesses around the world, Freightos combines software, network connectivity, transaction infrastructure, and market data into an interconnected digital ecosystem. Contacts Media:Tamar [email protected] Investors:Anat [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/freightos-reports-second-quarter-2026-results-302852762.html

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management characterized 2026 as a transition year focused on disciplined execution and tighter prioritization to build a foundation for long-term growth. Platform revenue growth of 19% was driven by a resilient global offering and a temporary tailwind from Clearit customs refund activity following tariff policy changes. Solutions revenue declined 4% due to identified execution gaps in building recurring revenue streams and pricing pressure on renewals. Transaction growth of 15% was impacted by Middle East conflict disruptions; however, excluding affected routes, growth remained within the long-term target of 20% to 30%. The addition of Korean Air marks a strategic milestone in expanding airline participation and network depth across the critical Asian cargo market. Management is consolidating its product portfolio under the 'ONE Freightos' identity to simplify the customer value proposition and integrate fragmented procurement workflows. Operating discipline improved as reflected by a record low adjusted EBITDA loss, driven by cost optimization actions initiated in March. Management expects to reach adjusted EBITDA breakeven at some point during Q4 2026 and exit the year at a breakeven run rate. The company anticipates becoming cash flow generative by mid-2027, supported by a current cash position of $21.4 million. Guidance assumes Middle East route recovery continues at the Q2 pace without a full normalization or further step-up in volume. Revenue projections for H2 reflect a moderate and then diminishing contribution from the high-margin Clearit refund activity seen in Q2. Strategic focus for the second half of 2026 is centered on converting a healthy sales pipeline into confirmed bookings and recurring revenue. Appointed Yaron Eldad as new CFO effective September 1 to strengthen the leadership team during the management transition. Identified pricing pressure on SaaS renewals and procurement budget scrutiny as headwinds for the Solutions business segment. Reported a temporary decrease in active carrier count to 75 as some carriers fell below the five-transaction threshold, though they remain on the platform. Migrating products to a common technology foundation to enable AI-assisted development and faster innovation cycles. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management noted that while the pipeline grew 30% quarter-on-quarter, they must improve conversion by demonstrating clear ROI amid customer budget constraints. The strategy to combat renewal pressure involves moving customers to a unified platform with broader multi-modal capabilities and new features. Management expects cash burn to closely track adjusted EBITDA figures, projecting approximately $500,000 in additional burn in early 2027 before turning positive. Confirmed the Q2 cash decrease of $2.1 million was consistent with the adjusted EBITDA loss of $2 million. Increased usage among existing customers is driven by network effects; adding new carriers typically increases transaction frequency for existing forwarders by 5x to 7x over four quarters. The platform's value proposition strengthens as more capacity and data flow through the integrated network.

The Company Plans to Report Earnings on August 17, 2026 BARCELONA, Spain, July 15, 2026 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral global freight pricing, booking and procurement platform, today reported preliminary key performance indicators for the second quarter of 2026. These operational KPIs primarily reflect platform activity. Freightos' strategy is focused on scaling its solutions and software offerings, which represent the majority of revenue and are less directly reflected in these metrics, while supporting deeper utilization across the platform. Solutions progress will be discussed in the upcoming earnings release. *Numbers are preliminary and subject to change with the full, final earnings release Platform Expansion and Network Growth Transactions: Q2 2026 transactions totaled a record 458k, up 15% year-over-year and above management's expectations, reflecting primarily resumed activity in Middle East routes. The military conflict in the Middle East continued to disrupt major international shipping and air corridors, but recovery throughout the quarter was stronger than management had anticipated. Excluding routes involving Middle East origin, destination or airspace, transactions grew year-over-year at a rate in line with the company's long-term model of 20-30% transactions growth. Carrier and Buyer Growth: 75 carriers were active (receiving more than 5 transactions each) on the platforms in Q2 2026, compared with 79 in Q1 2026 and 75 in Q2 2025. The quarter-on-quarter decrease reflects some carriers falling below the threshold, partially offset by the addition of other carriers, including Ethiopian Airlines, whose joining was announced in March 2026. Unique buyer users increased moderately to approximately 21 thousand, compared to approximately 20,600 in Q1 2026 and up 4% from Q2 2025. Gross Booking Value (GBV): The total value of transactions processed on the Freightos platform, or GBV, reached a record of $422M for Q2 2026, up 33% from Q2 last year and above management's expectations. The outperformance reflects both continued growth in transaction volumes and the sustained elevation of average air freight rates, which have remained approximately 25% above pre-conflict levels even as the platform has recovered a significant portion of its transaction volumes. "Q2 volumes recovered faster than we expected, with Middle East routes resuming activity even as the broader conflict continues to disrupt global trade corridors" said Pablo Pinillos, CEO and Interim CFO of Freightos. "This resilience reflects the value of a neutral platform that can rapidly reallocate demand across carriers and routes. We continue to focus on scaling solutions adoption and executing toward profitability, and to support our customers during the continued market uncertainty." Q2 2026 Earnings Call Financial results for the second quarter 2026 will be reported before markets open on August 17, 2026. Freightos' management will host a webcast and conference call to discuss the results that morning at 8:30 a.m. EDT. Information about Freightos' financial results, including a link to the live webcast, will be available on Freightos' investor relations website at https://www.freightos.com/investor-news/. To participate in the call, please register at the following link: https://freightos.zoom.us/webinar/register/WN__BSW1OT9QhasPC2kadXZ9Q#/registration Following registration, you will be sent the link to the conference call, which is accessible either via the Zoom app, or, alternatively, from a dial-in telephone number. Questions may be submitted in advance to [email protected] or via Zoom during the call. A replay of the webcast, as well as the call's transcript, will be available on Freightos' Investor Relations website following the call. Glossary We have provided below a glossary of certain terms used in this press release: Carriers: Number of unique air and ocean carriers, mostly airlines, that have been sellers of transactions. For airlines, we count booking carriers, which include separate airlines within the same carrier group. We do not count dozens of other airlines that operate individual segments of air cargo transactions, as we do not have a direct booking relationship with them. Carriers include ocean less-than-container load (LCL) consolidators. In addition, we only count carriers when more than five bookings were placed with them over the course of a calendar quarter. Unique buyer users: Number of individual users placing bookings, typically counted based on unique email logins. The number of buyers, which counts unique customer businesses, does not reflect the fact that some buyers are large multinational organizations while others are small or midsize businesses. Therefore, we find it more useful to monitor the number of unique buyer users than the number of buyer businesses. GBV: Total value of transactions on the Freightos platform, which is the monetary value of freight and related services contracted between buyers and sellers on the Freightos platform, plus related fees charged to buyers and sellers, and pass-through payments such as duties. GBV is converted to U.S. dollars at the time of each transaction on the Freightos platform. This metric may be similar to what others call gross merchandise value (GMV) or gross services volume (GSV). We believe that this metric reflects the scale of the Freightos platform and our opportunities to generate platform revenue. Transactions: Number of bookings for freight services, and related services, placed by Buyers across the Freightos platform with third-party sellers and with Clearit. Sellers of transactions include Carriers (that is, airlines, ocean liners and LCL consolidators) and also other providers of freight services such as trucking companies, freight forwarders, general sales agents, and air master loaders. The number of transactions booked on the Freightos platform in any given time period is net of transactions that were canceled prior to the end of the period. Transactions booked on white label portals hosted by Freightos are included if there is a transactional fee associated with them. About Freightos Freightos® (NASDAQ: CRGO) is the leading digital infrastructure platform powering the international freight industry. Operating as a vendor-neutral network, Freightos connects airlines, ocean carriers, trucking carriers, freight forwarders, and importers and exporters of all sizes to bring transparency, efficiency, and resilience to global supply chains. The Freightos platform digitalizes freight execution by transforming manual, fragmented processes into seamless, connected, and data-driven digital workflows. Freightos delivers integrated capabilities including procurement, pricing, quoting, booking, customs clearance, payments, and market intelligence across air, ocean, and road freight. By serving as the intelligence middleware layer that unifies data and workflows, Freightos empowers smarter operational decisions and enables market participants to transact, collaborate, and manage global shipments more effectively. Used by thousands of logistics service providers and businesses around the world, Freightos combines software, network connectivity, transaction infrastructure, and market data into an interconnected digital ecosystem. Contacts Media:Tamar Hartal [email protected] Investors:Anat [email protected] Logo - https://mma.prnewswire.com/media/2319256/4496202/Freightos_Logo.jpg View original content:https://www.prnewswire.com/news-releases/freightos-reports-platform-kpis-for-second-quarter-exceeding-management-expectations-302826276.html

BARCELONA, Spain, May 26, 2026 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral global freight pricing, booking and procurement platform, today reported financial results for the quarter ended March 31, 2026. "I'm honored to lead Freightos through this next phase as we continue focusing on long-term growth while maintaining disciplined execution and improving operational efficiency," said Pablo Pinillos, CEO and CFO of Freightos. "During the quarter, we continued executing against the strategic and operational priorities introduced earlier this year, including actions to improve efficiency, sharpen investment focus and strengthen our path toward adjusted EBITDA breakeven by the end of 2026. At the same time, the global freight environment remains challenging, with continued disruption across key trade corridors. Our updated outlook reflects those formidable, current market conditions and execution realities, which have led us to adjust our revenue guidance accordingly, while maintaining our adjusted EBITDA guidance. Our long-term strategy remains unchanged, and we continue to believe Freightos is well positioned as global freight increasingly shifts toward interconnected digital procurement and booking workflows." First Quarter 2026 Financial Highlights Revenue of $7.2 million for the first quarter of 2026, up 3% compared to $6.9 million in the first quarter of 2025. IFRS Gross Margin of 66.6%, compared to 66.8% in the first quarter of 2025. Non-IFRS Gross Margin of 73.5%, compared to 73.7% in the first quarter of 2025. IFRS loss of $6.5 million, compared to a loss of $4.5 million for the first quarter of 2025, primarily as a result of reorganization expenses in 2026. Adjusted EBITDA of negative $2.8 million, compared to negative $3.0 million for the first quarter of 2025. Cash and cash equivalents and a short term bank deposit balance at the end of March 2026 of $23.5 million. Recent Business Highlights Transactions Growth: Freightos platform facilitated 425k transactions in the first quarter of 2026, up 15% year over year. Excluding routes involving Middle East origin, destination or airspace, transactions grew year-over-year at a rate above management expectations, reflecting continued growth across other regions and increased use of alternative routing. Carrier Growth: The number of carriers actively selling on the platform in the first quarter of 2026 was 79, up from 71 carriers in the first quarter of 2025. During the quarter, the company announced that Ethiopian Cargo and Air Serbia are joining the platform. Unique Buyer Users: The number of Unique buyer users digitally booking freight services across the platform was approximately 20.6k in the first quarter of 2026. Gross Booking Value Growth: The total value of transactions processed on the Freightos platform, or GBV, reached $343M for Q1 2026 up 24% from Q1 last year. GBV met management expectations as elevated freight rates as a result of capacity constraints due to the ongoing conflict in the Middle East compensated for the transaction shortfall. Once again, the largest contributor from an absolute perspective was Freightos' Webcargo portal. Revenue Growth:  First quarter revenue of $7.2 million reflected solid revenue growth from the WebCargo by Freightos platform and from data solutions mitigated by lower-than-planned performance in SaaS, freightos.com marketplace and customs transactions. Total Platform revenue in the first quarter of 2026 was $2.4 million, up 3% year-over-year, and Solutions revenue was $4.8 million, up 3%. Further financial details are included as an appendix below. Earnings Webcast Financial results for the first quarter 2026 will be reported before markets open on May 26, 2026. Freightos' management will host a webcast and conference call to discuss the results that morning at 8:30 a.m. EST. https://freightos.zoom.us/webinar/register/WN_1zZnJSA_QvqlZugN6sgr2w#/registration Following registration, you will be sent the link to the conference call which is accessible either via the Zoom app, or alternatively from a dial-in telephone number. Questions may be submitted in advance to [email protected] or via Zoom during the call. A replay of the webcast, as well as the conference call transcript, will be available on Freightos' Investor Relations website following the call. Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which include the financial outlook of Freightos, are based on various assumptions, whether or not identified in this press release, and on the current expectations of Freightos, and are not predictions of actual performance. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Freightos. These forward-looking statements are subject to a number of risks and uncertainties, including: disruptions and instability caused by Freightos' CEO transition, changes to its board of directors, and its other leadership changes; disruptions to the international freight industry, including those caused by global economic trends and policy changes, such as increased tariffs and protectionist trade policies being implemented by the United States and other countries and their impact on shipping volume and, hence, number of Transactions, GBV and Platform revenue; ongoing and additional military conflicts in the Middle East, and their impact on the international shipping routes that including major air corridors and the Red Sea and Strait of Hormuz; competition; the ability of Freightos to build and maintain relationships with carriers, freight forwarders and importers/exporters; Freightos' ability to keep pace with rapid technological changes, particularly in artificial intelligence; changes in applicable laws or regulations; any downturn or volatility in economic conditions whether related to reduced international trade, inflation, armed conflict or otherwise; changes in the competitive environment affecting Freightos or its users, including Freightos' ability to introduce new products or technologies; risks to Freightos' ability to protect its intellectual property and avoid infringement by others, or claims of infringement against Freightos; and those additional factors discussed under "Item 3.D. Risk Factors" in Freightos' annual report on Form 20-F filed with the SEC on March 26, 2026, and any other risk factors Freightos includes in any subsequent reports of foreign private issuer on Form 6-K furnished to the SEC. If any of these risks materializes or Freightos' assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks of which Freightos is not aware presently or that Freightos currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect Freightos' expectations, plans or forecasts of future events and views as of the date of this press release. Freightos anticipates that subsequent events and developments will cause Freightos' assessments to change. However, while Freightos may elect to update these forward-looking statements at some point in the future, Freightos specifically disclaims any obligation to do so, except as may be required by law. These forward-looking statements should not be relied upon as representing Freightos' assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Financial Information; Non-IFRS Financial Measures While certain financial figures included in this press release have been computed in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board, this press release does not contain sufficient information to constitute an interim financial report as defined in International Accounting Standards 34, "Interim Financial Reporting" nor a financial statement as defined by International Accounting Standards 1 "Presentation of Financial Statements". This press release includes certain financial measures not presented in accordance with IFRS, including, but not limited to, Adjusted EBITDA. These non-IFRS measures differ from the most directly comparable measures determined under IFRS. For the historical non-IFRS results included herein, we have provided tables at the end of this press release providing a reconciliation of those results to our results achieved under the most directly comparable IFRS measures. For the forward-looking, non-IFRS data included under "Financial Outlook" (Adjusted EBITDA), we have not included the most directly comparable IFRS metric (i.e., IFRS loss), or a reconciliation between the two, because that IFRS data and that reconciliation cannot be prepared without unreasonable effort or with reasonable certainty. Our results and forecasts expressed as non-IFRS measures should not be considered in isolation or as an alternative to revenue, net income, cash flows from operations or other measures of profitability, liquidity or performance under IFRS. You should be aware that the presentation of these measures may not be comparable to similarly-titled measures used by other companies. Freightos believes that Adjusted EBITDA and other non-IFRS measures provide useful information to investors and others in understanding and evaluating Freightos' operating results because they provide supplemental measures of our core operating performance and offer consistency and comparability with both our own past financial performance and with corresponding financial information provided by peer companies. These non-IFRS measures are presented to permit investors and others to more fully understand how management assesses our performance for internal planning and forecasting purposes. Certain monetary amounts, percentages and other figures included in this press release have been subject to rounding adjustments, and therefore may not sum due to rounding. GLOSSARY We have provided below a glossary of certain terms used in this press release: Transactions: Number of bookings for freight services, and related services, placed by Buyers across the Freightos platform with third-party sellers and with Clearit. Sellers of Transactions include Carriers (that is, airlines, ocean liners and LCL consolidators) and also other providers of freight services such as trucking companies, freight forwarders, general sales agents, and air master loaders. The number of transactions booked on the Freightos platform in any given time period is net of transactions that were canceled prior to the end of the period. Transactions booked on white label portals hosted by Freightos are included if there is a transactional fee associated with them. Carriers: Number of unique air and ocean carriers, mostly airlines, that have been sellers of transactions. For airlines, we count booking carriers, which include separate airlines within the same carrier group. We do not count dozens of other airlines that operate individual segments of air cargo transactions, as we do not have a direct booking relationship with them. Carriers include ocean less-than-container load (LCL) consolidators. In addition, we only count carriers when more than five bookings were placed with them over the course of a quarter. Unique buyer users: Number of individual users placing bookings, typically counted based on unique email logins. The number of buyers, which counts unique customer businesses, does not reflect the fact that some buyers are large multinational organizations while others are small or midsize businesses. Therefore, we find it more useful to monitor the number of unique buyer users than the number of buyer businesses. GBV: Total value of transactions on the Freightos platform, which is the monetary value of freight services and related services contracted between buyers and sellers on the Freightos platform, plus related fees charged to buyers and sellers, and pass-through payments such as duties. GBV is converted to U.S. dollars at the time of each transaction on the Freightos platform. This metric may be similar to what others call gross merchandise value (GMV) or gross services volume (GSV). We believe that this metric reflects the scale of the Freightos platform and our opportunities to generate platform revenue. Adjusted EBITDA: Loss before income taxes, finance income, finance expense, share-based compensation expense, depreciation and amortization, reorganization expenses and change in fair value of warrants. Platform revenue: Fees charged to buyers and sellers in relation to transactions executed on the Freightos platform. For bookings conducted by importers/exporters, our fees are typically structured as a percentage of booking value, depending on the mode and nature of the service. When freight forwarders book with carriers, the sellers often pay a pre-negotiated flat fee per transaction. When sellers transact with a buyer who is a new customer to the seller, we may charge a percentage of the booking value as a fee. Solutions revenue: Primarily subscription-based SaaS and data. It is typically priced per user or per site, per time period, with larger customers such as multinational freight forwarders or enterprise shippers often negotiating fixed, all-inclusive subscriptions. Revenue from our Solutions segment includes certain non-recurring revenue from services ancillary to our SaaS products, such as engineering, customization, configuration and go-live fees, and data services for digitizing offline data. About Freightos Freightos® (Nasdaq: CRGO) is the leading vendor-neutral global freight booking platform. Airlines, ocean carriers, thousands of freight forwarders, and well over ten thousand importers and exporters connect on Freightos, making world trade efficient, agile, and resilient. The Freightos platform digitizes the trillion dollar international freight industry, supported by a suite of software solutions that span pricing, quoting, booking, shipment management, and payments for businesses of all shapes and sizes around the globe. Products include Freightos Enterprise for multinational importers and exporters, Freightos Marketplace for small importers and exporters, WebCargo and 7LFreight by WebCargo for freight forwarders, WebCargo for Airlines, and Clearit, a digital customs broker. Freightos is a leading provider of real-time industry data via Freightos Terminal, which includes the world's leading spot pricing indexes, Freightos Air Index (FAX) for air cargo and Freightos Baltic Index (FBX) for container shipping. Futures of FBX are traded on CME and SGX. More information is available at freightos.com/investors Contacts Media:Tamar [email protected] Investors:Anat [email protected] Logo: https://mma.prnewswire.com/media/2319256/4496202/Freightos_Logo.jpg View original content:https://www.prnewswire.com/news-releases/freightos-reports-first-quarter-2026-results-302781623.html

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance in Q1 was impacted by significant volatility in Middle East trade corridors, which disrupted capacity routing and transaction activity across key regions. Management characterizes 2026 as a transition year, shifting focus from pure growth to sharper operating discipline and organizational simplification to ensure scalability. The company is pivoting its value proposition from simple transaction digitization to a connected environment linking procurement, pricing, and market intelligence. Strategic data shows that customers adopting integrated solutions transact approximately 3x more and exhibit higher retention levels than those using single-point tools. A record 79 active carriers were on the platform in Q1, with a major APAC carrier addition secured post-quarter to address regional expansion opportunities. The shortfall in transaction growth to 15% (below the 20% target) was primarily attributed to unavailable capacity in the Middle East rather than structural platform issues. Management maintains its commitment to achieving adjusted EBITDA breakeven by Q4 2026, supported by a $4.5 million annualized cost optimization plan. Full-year revenue and transaction guidance has been moderated to reflect the Q1 shortfall and a cautious enterprise spending environment. The company expects a return to a 20% plus growth trajectory in 2027 and beyond as market conditions stabilize and new carrier integrations scale. Liquidity of $23.5 million is deemed sufficient to reach adjusted cash flow positivity, expected 2 to 3 months after reaching EBITDA breakeven. Future R&D is prioritized toward predictive risk forecasting and automated decision support to help shippers manage supply chain disruptions proactively. A leadership transition is underway following the appointment of Pablo Pinillos as CEO, with an active search for a permanent CFO currently in progress. A cost optimization plan executed in late March involved a $1.3 million one-time cash outlay to streamline the organizational structure. Middle East geopolitical disruption remains a primary headwind, with management noting that activity in the region remains below prior-year levels as of April. Enterprise sales cycles are lengthening as customers exhibit caution, though the solutions pipeline has doubled in size compared to the previous year. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management explained that their new predictive tool uses AI and historical data to forecast capacity and pricing risks across five key global areas. The strategic goal is to move from providing data outputs to offering automated execution against preset client inputs during disruption events. The pipeline for solutions has doubled year-over-year, but conversion is currently slowed by market uncertainty and a deliberate internal shift in sales execution strategy. Management expects improved visibility and control over the sales cycle in the coming quarters as new operational disciplines take hold. Most transactional revenue is fee-based (flat per transaction), meaning revenue does not automatically increase when freight rates rise. While Gross Booking Value (GBV) grew 24% due to higher rates, the platform's take rate was pressured by the volume shortfall in the Middle East.

Interested in Freightos Limited? Here are five stocks we like better. Freightos had a softer-than-expected Q1 as Middle East trade disruptions reduced transaction growth, with 425,000 transactions up 15% year over year but below the company’s 20%+ target. Revenue rose 3% to $7.2 million, while adjusted EBITDA was a $2.8 million loss, in line with expectations; the company ended the quarter with $23.5 million in cash and deposits. Management launched a cost optimization plan expected to deliver $4.5 million in annualized savings by Q4 2026 and reiterated its goal of reaching adjusted EBITDA breakeven in Q4 2026. Freightos (NASDAQ:CRGO) reported a softer-than-expected first quarter as disruptions in Middle East trade corridors weighed on transaction activity, even as the company said it continued to expand its carrier network and build its solutions pipeline. Chief Executive Pablo Pinillos, who stepped into the CEO role after joining Freightos as CFO a little more than a year ago, opened the call by acknowledging the leadership transition and saying the company has begun a search for a permanent CFO. Pinillos said the quarter fell short of expectations but that Freightos made progress on strategic priorities including carrier expansion, solution sales, and workflow integration across procurement, pricing and execution. → Voya Financial Grows Earnings Across All 3 Business Segments “While Q1 was softer quarter than we expected, we continue making important progress across several strategic priorities,” Pinillos said. Freightos processed 425,000 transactions in the quarter, up 15% from a year earlier but below its target of more than 20% growth. Pinillos said the shortfall was driven primarily by Middle East disruptions, where capacity was unavailable for extended periods across important trade corridors. → SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns Outside the region, transaction growth was healthier, supported by activity in other markets and increased use of alternative routing, Pinillos said. April improved compared with March, but activity tied to the Middle East remained below prior-year levels. The company expects conditions to improve gradually through the rest of the year but does not expect to fully recover the shortfall incurred in the first quarter. Gross booking value was $343 million, up 24% year-over-year. Freightos said GBV has limited direct impact on revenue because much of its transaction monetization is fee-based, but it remains an indicator of platform scale, liquidity and customer relevance. → Ross Stores Earnings Beat Sends Stock To New Highs The carrier network reached a record 79 active carriers in the quarter, up from 77 in the fourth quarter. Pinillos also said Freightos secured a major carrier addition shortly after quarter end that is expected to strengthen its position in Asia-Pacific, though the company has not yet formally announced the carrier. First-quarter revenue was $7.2 million, up 3% from a year earlier. Pinillos said WebCargo by Freightos remained healthy, but results were partly offset by software activity within freightos.com and Clearit, the customs transaction segment, along with lower-than-expected transaction activity tied to the Middle East. Within solutions, data products performed well while SaaS solutions underperformed relative to expectations. Pinillos said customers are showing growing demand for benchmarking and forecasting, procurement intelligence, and index-linked purchasing strategies as they seek to manage volatility across air and ocean freight. Non-IFRS gross margin was 73.5%, within the company’s long-term target range of 70% to 80%. Adjusted EBITDA was negative $2.8 million, which management said was in line with expectations. Freightos ended the quarter with $23.5 million in cash and short-term bank deposits. Pinillos said the company believes that provides sufficient liquidity to support its operating plans. Freightos began executing a cost optimization plan in the final week of the quarter. Pinillos said the actions are intended to align the organization with strategic priorities, improve execution focus, reduce complexity and support the company’s path toward adjusted EBITDA breakeven by the end of 2026. “Importantly, this is not just a cost reduction initiative,” Pinillos said. “It is about building a more disciplined organization capable of executing in a more predictable way and scaling more efficiency over time.” The company expects the plan to generate approximately $4.5 million in annualized savings beginning in the fourth quarter of 2026. In response to an analyst question, Pinillos said the company saw little benefit in the first quarter because the plan was implemented late in March. He said benefits should begin in the second quarter, with the majority coming in the second and third quarters and the full run-rate savings materializing in the fourth quarter. Pinillos also said first-quarter cash burn was affected by upfront cash costs tied to the cost optimization plan. Excluding those actions, he said cash burn is expected to track closely with adjusted EBITDA. Pinillos said Freightos’ solutions pipeline is approximately double what it was a year ago, even though the enterprise spending environment remains cautious. He said some customers are delaying decisions amid uncertainty, but the company is working to tighten sales execution and gain better visibility into sales cycles. Freightos said customers that adopt its solutions transact about three times more, retain at higher levels and expand usage over time. Pinillos said that dynamic supports the company’s strategy of building recurring customer value first while allowing transactions to scale from a more durable foundation. Management said the company continues to focus research and development spending on integrating procurement, pricing, quoting, booking and market intelligence into a more connected operating environment. It is also expanding multimodal capabilities, including ocean and procurement management. Ian, speaking on the call, said global freight customers increasingly need to compare alternatives, reroute freight, adjust sourcing decisions and execute procurement decisions dynamically across air and ocean networks. He said Freightos is building a platform that connects procurement, pricing, quoting, execution and market intelligence across transportation modes and participants. He also discussed Freightos’ recently launched predictive risk forecasting, which uses data that may affect global freight capacity and pricing. Ian said the company has been using AI to combine that information with customer inputs, such as key risk factors and operating regions, to forecast pricing, capacity and disruption risks. Looking ahead, Freightos updated its full-year outlook to reflect the softer first quarter, continued Middle East disruption and a more cautious enterprise spending environment. Management said transaction growth expectations and revenue expectations have been lowered, but the company remains committed to achieving adjusted EBITDA breakeven during the fourth quarter of 2026. For the longer term, Pinillos said Freightos continues to expect a return to a growth trajectory of more than 20% in 2027 and beyond. In response to an investor question, he outlined a 2027-to-2030 framework that includes transaction and gross booking value growth of 20% to 30% annually, revenue growth above 20% and potentially in the 25% to 30% range, non-IFRS gross margin of 70% to 80%, and adjusted EBITDA improvement of 8 to 12 percentage points annually. Freightos, trading under the symbol CRGO on Nasdaq, operates a digital booking platform designed to streamline international freight logistics. The company's core offering, the Freightos Marketplace, allows shippers and freight forwarders to compare and book air, ocean and trucking services online, providing rate transparency and live booking capabilities. By aggregating quotes from a global network of carriers and forwarders, Freightos enables customers to secure competitive prices and manage bookings through a single interface. In addition to its marketplace, Freightos offers a suite of SaaS solutions for logistics professionals. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Freightos Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.

This article first appeared on GuruFocus. Revenue: $7.2 million, up 3% year-over-year. Gross Margin: 73.5%, within the long-term target range of 70% to 80%. Adjusted EBITDA: Negative $2.8 million, in line with expectations. Transactions Processed: 425,000, up 15% year-over-year but below the 20%-plus target. Gross Booking Value (GBV): $343 million, up 24% year-over-year. Active Carriers: 79, up from 77 in Q4. Cash and Short-term Bank Deposits: $23.5 million. Annualized Savings from Cost Optimization: Approximately $4.5 million beginning in Q4 2026. Warning! GuruFocus has detected 4 Warning Signs with CRGO. Is CRGO fairly valued? Test your thesis with our free DCF calculator. Release Date: May 26, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Freightos Ltd (NASDAQ:CRGO) reported a 15% year-over-year increase in transactions, processing 425,000 transactions in Q1. The company achieved a record of 79 active carriers in its network during the quarter, indicating strong carrier engagement. Gross booking value increased by 24% year-over-year to $343 million, showcasing platform scale and customer relevance. Freightos Ltd (NASDAQ:CRGO) is focusing on integrating procurement, pricing, quoting, booking, and market intelligence into a connected operational environment, aligning with industry trends. The company has initiated a cost optimization plan expected to generate approximately $4.5 million in annualized savings starting in Q4 2026. Q1 revenue growth was only 3% year-over-year, reflecting softer-than-expected performance. The freight market volatility, particularly in the Middle East, negatively impacted capacity and transaction activity. Freightos Ltd (NASDAQ:CRGO) experienced a shortfall in transaction growth, falling below the 20%-plus target. The company reported an adjusted EBITDA loss of $2.8 million for the quarter. Enterprise spending environment remains cautious, leading to delays in decision-making and deal closures. Q: Can you provide more details on the recently launched predictive risk forecasting and the opportunities for more automated solutions? Are these built on AI? A: Predictive risk forecasting uses extensive data to predict risks on capacity and pricing in ocean and air freight. It leverages AI to provide risk forecasts based on client input data. Opportunities lie in automated procurement and actionable intelligence, allowing for proactive adjustments in procurement and pricing to manage disruptions. Q: Solutions were weaker this quarter, but the pipeline has developed. Are sales cycles longer, and is AI impacting budgets? A: The platform transaction shortfall was market-related. The focus change in Q1 means solutions sales execution wasn't expected to deliver at high levels. Market uncertainty is delaying customer decisions, but the pipeline has doubled compared to last year, indicating improved visibility and control. Q: Can you discuss the cost savings program implemented in March and its impact on financials? A: The cost optimization plan executed in March will start benefiting from Q2, with the majority of savings realized by Q4. The $4.5 million annualized savings will materialize mainly starting in Q2. Q: How does the current environment of elevated freight rates and lower volumes affect monetization per transaction? A: Most transactional revenue from carriers is flat, so revenue mix doesn't change significantly with freight rate fluctuations. The softer quarter was due to lower volumes from Middle East disruptions, despite higher gross booking value from elevated freight rates. Q: Is the current cash position sufficient to reach cash flow positive? A: With $23.5 million in cash, Freightos has sufficient liquidity to support operating plans and expects to achieve adjusted cash positivity two to three months after reaching breakeven. For the complete transcript of the earnings call, please refer to the full earnings call transcript.