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Investor releaseQuarter not tagged2026-05-26Freightos Reports First Quarter 2026 Results
PR Newswire
Freightos Reports First Quarter 2026 Results
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...
Investor releaseQuarter not tagged2026-05-26Freightos Limited Ordinary shares Q1 2026 Earnings Call Summary
Moby
Freightos Limited Ordinary shares Q1 2026 Earnings Call Summary
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 exhib...
Investor releaseQuarter not tagged2026-05-26Freightos Q1 Earnings Call Highlights
MarketBeat
Freightos Q1 Earnings Call Highlights
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 G...
Investor releaseQuarter not tagged2026-05-26Freightos Ltd (CRGO) Q1 2026 Earnings Call Highlights: Navigating Market Volatility with ...
GuruFocus.com
Freightos Ltd (CRGO) Q1 2026 Earnings Call Highlights: Navigating Market Volatility with ...
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 proc...
Investor releaseQuarter not tagged2026-05-26Freightos (CRGO) Q1 2026 Earnings Transcript
Motley Fool
Freightos (CRGO) Q1 2026 Earnings Transcript
Image source: The Motley Fool. Tuesday, May 26, 2026 at 8:30 a.m. ET Chief Executive Officer and Interim Chief Financial Officer — Pablo Pinillos Chief Strategy Officer — Ian Arroyo Vice President of Investor Relations — Anat Earon-Heilborn 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 a reconciliation 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 fredus.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 in the virtual [ Lytham Partners ] Spring Investor conference. In September, management will attend the H.C. Wainwright Annual Investor Conference in New York. Links to the webcast when applicable and other event updates can be found on our website. Today's earnings call will begin with a business overview and outlook by Pablo, followed by Ian, who will deep dive into our strategy. Next, Pablo will present the financial results and the guidance for Q2 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. Before discussing the quarter, I would like to briefly acknowledge the leadership transition announ...
TranscriptFY2026 Q12026-05-26FY2026 Q1 earnings call transcript
Earnings source - 47 paragraphs
FY2026 Q1 earnings call transcript
Thank you everyone for joining us today. Before discussing the quarter, I would like to briefly acknowledge the leadership transition announced earlier this year. I'm honored to step into the role of CEO after joining Freightos as CFO a little over a year ago. During that time, I have developed a deep understanding of both the strengths of the business and the areas where we need to sharpen execution and operating discipline. We have initiated the search process for a permanent CFO, we will provide updates as appropriate. Let me start summarizing a few things in regards last quarter. First, while Q1 was softer quarter than we expected, we continue making important progress across several strategic priorities, including expanding our carrier network, growing our solution sales pipeline, and advancing workflow integration across procurement, pricing, and execution.
Second, the freight market remained volatile during the quarter, particularly following the disruption across Middle East trade corridors. That volatility impacted capacity, routing behaviors, and transactions activity during the quarter. It also reinforced the customer demand for procurement intelligence, multimodal visibility, and more connected operational workflows. The broader direction of the industry continues moving exactly where we believe Freightos is positioning to win. Customers increasingly need faster procurement decisions, multimodal visibility, integrated operational workflows, and better market intelligence across air and ocean freight. That trend directly supports our long-term strategy.
Third, as discussed during Q4 earnings call, 2026 is a transition year for Freightos, and during the quarter, we continue executing on our priorities by improving go-to-market execution, sharper operating discipline, focus R&D investments on the highest return initiatives, deepen customer adoption, and position the company for durable profitable growth. Importantly, this is not a change in strategy.
It is a stronger focus on execution, accountability, and scalability. During Q1, we took several important steps in that direction: tightening prioritization, simplifying organizational complexity, improving operational accountability, and aligning resource more directly to our highest conviction growth opportunities. Finally, while near-term conditions remain challenging, we remain confident in both our long-term strategic positioning and our path towards adjusted EBITDA breakeven by the end of 2026. Now, let me turn to solutions. Q1 performance was below our expectations, reflecting both a cautious enterprise environment and areas where we need to improve execution consistency.
Customers are expressing growing demand for benchmarking and forecasting capabilities, procurement intelligence, and index-linked purchasing strategies designed to help customers manage volatility more dynamically across air and ocean freight. At the same time, we are seeing stronger commercial momentum in our solutions pipeline, which is currently approximately double what it was a year ago.
As we outlined it in February, our focus in 2026 is improving commercial execution, sharpening prioritization, and increasing operating consistency across the business. On the product side, we continue aligning our R&D investments around integrating procurement, pricing, quoting, booking, and market intelligence into a more connected operational environment. We believe this becomes increasingly valuable in volatile freight markets where customers need faster decision-making across transportation modes, suppliers, and trade lines. We are also continuing to expand our multimodal capabilities, including ocean and procurement management, as part of the broader strategy. Importantly, we continue seeing the same structural dynamic across the platform. Customers that adopt our solutions transact approximately three times more, retain at higher levels, and expand usage over time.
That remains one of the most clear validation of our long-term strategy and why our focus remains on building a stronger recurring customer value first, while transactions scale from a more durable foundation. Moving to transactions, Q1 revenue and platform activity reflected the shortfall we reported in our KPI update last month. We processed 425,000 transactions in the quarter, up 15% year-over-year, but below our 20% plus target. The shortfall was driven primarily by disruptions in the Middle East, where capacity was unavailable for extended periods across important trade corridors. Outside that region, transaction growth was healthier, supported by continued activity across other markets and increased use of alternative routing. April improved relative to March, which is encouraging. However, activity involving the Middle East remains below prior-year levels.
While we expect conditions to improve gradually through the rest of the year, we do not expect to fully recover the shortfall already incurred in Q1. On the carrier side, our network reached a record of 79 active carriers in the quarter, up from 77 in Q4. Shortly after quarter end, we also secured a major carrier addition that we expect to further strengthen our position in APAC, a region where we continue to see meaningful room to expand relative to Europe and Americas. We hope to announce this carrier formally soon.
Gross booking value was $343 million in the quarter, up 24% year-over-year. While GBV has a limited direct impact on revenue because much of our transaction monetization remains fee-based, it remains an important measure of platform scale, liquidity, and customer relevance. Let me pass it to Ian to discuss our strategy in more details.
Thanks, Pablo. One of the most important structural shifts we continue seeing across global freight is that procurement execution, market intelligence decisions are becoming increasingly interconnected across transportation modes and counterparties. Historically, many of these systems operated independently across air cargo, ocean freight, procurement, and execution environments. This is rapidly changing. Our customers increasingly need to compare alternatives, reroute freight, adjust sourcing decisions, and execute procurement decisions dynamically across both air and ocean networks. A very recent example involved a Fortune 500 oil and gas services company with a major spare parts distribution hub in the Gulf region.
During the Middle East disruption, they were able to rapidly shift operations to the Americas to maintain customer support and supply chain continuity. Moves like these create significant complexities across procurement, across routing, capacity management, and execution. That reinforces our view that the long-term opportunity is not simply digitizing freight transactions.
The larger opportunity is connecting procurement, pricing, quoting, execution, and market intelligence within a single operational environment spanning multiple transportation modes and participants. That is the direction that Freightos is building. You can think about the platform as a reinforcing flywheel model. Solutions drive transaction. Transactions generate additional operational data and market intelligence. That intelligence then improves procurement, pricing, and execution decisions across the broader network. We believe that model becomes increasingly valuable as freight markets become even more dynamic and operationally complex. This is also where we believe Freightos is strategically differentiated. There is obviously significant discussion across software markets around AI. In fragmented industries like global freight, long-term value will not come from AI alone. It will come from combining live operational data, our carrier connectivity, integrated operational workflows, and deeply embedded customer relationships.
The operational data and connectivity across carriers, freight forwarders, and shippers create an infrastructure layer that is very difficult to replicate. In many ways, AI increases the value of connected platforms, because customers increasingly need actionable intelligence embedded directly into live procurement and execution workflows. Going back to my earlier oil and gas example, Freightos recently launched predictive risk forecasting. That could have identified the need for network adjustments before the disruption materially impacted operations, allowing procurement teams to proactively secure capacity and reduce downstream disruption.
Over time, we believe increasingly intelligent and automated decision support can materially reduce friction across freight procurement and execution while improving responsiveness, efficiency, and operational resilience. Overall, we continue seeing the market evolve in a direction that reinforces our strategic priorities: deeper multimodal connectivity, stronger procurement capabilities, integrated operational workflows, embedded market intelligence, and more disciplined execution.
With that, Pablo will go over our financial review.
Thanks, Ian. Revenue in the first quarter was $7.2 million, up 3% year-over-year. Within platform, WebCargo by Freightos remained healthy, partially offset by software activity within freightos.com and Clearit, the customs transaction segment, and lower than expected transaction activity related to Middle East disruptions. Within solutions, data products performed well while SaaS solutions underperformed relative to our expectations. Non-IFRS gross margin was 73.5%, remaining within our long-term target range of 70%-80%. Adjusted EBITDA was negative $2.8 million during the quarter, in line with our expectations. During the final week of the quarter, we began executing the cost optimization plan announced in March. These actions are designed to align organizational structure with the strategic priorities, improve execution focus, simplify complexity, and support our path towards adjusted EBITDA breakeven by the end of 2026. Importantly, this is not just a cost reduction initiative.
It is about building a more disciplined organization capable of executing in a more predictable way and scaling more efficiency over time. We expect these actions to generate approximately $4.5 million in annualized savings beginning in Q4 2026. We closed the quarter with $23.5 million in cash and short-term bank deposits, which we believe provides sufficient liquidity to support our operating plans. Turning to guidance, we are updating our full-year outlook to reflect softer than expected first quarter performance, continued impact from Middle East disruptions, and a more cautious enterprise spending environment. Relative to our prior outlook, transactions growth expectations have moved lower, primarily due to the Q1 shortfall and the continued Middle East disruption, as said before. Revenue expectations have been moderated, and at the same time, we remain committed to achieving adjusted EBITDA breakeven during Q4 2026.
The cost reduction actions, combined with tighter prioritization and improved operating discipline, support that path even as revenue expectations moderate. While near-term conditions remains volatile, we remain highly confident in the long-term opportunity ahead. Freightos has built an increasingly connected global freight platform supported by a broader carrier network, deep ecosystem integrations, growing adoption across procurement and execution, and increasingly valuable operational data and market intelligence capabilities. As freight markets become more digital, interconnected, and intelligence driven, we believe the strategic importance of neutral infrastructure platform capable of supporting procurement, execution, and interoperability across the ecosystem will continue increasing. Our long-term vision remains unchanged, we continue expecting to return to a 20% plus growth trajectory in 2027 and beyond. Thanks for joining us today and sharing your time.
Thank you, Pablo. We can now take questions. The first question will come from the line of George Sutton. George, you can unmute now.
Awesome. Hey, guys, this is Logan hopping on for George. It was interesting to hear your comments about recently launching predictive risk forecasting. It sounds like in general, trying to move to more intelligent and automated solutions. I wondered if, first, if you could just go into more detail on that predictive risk forecasting and then, in general, where do you see the biggest opportunities to launch some of these more automated solutions? Are these built on AI, or how should we think about the level of automation here?
Yeah. It's a great question, Logan. Thanks for asking. Predictive risk forecasting takes into account many factors. Something that Freightos Terminal has been doing for quite some time is going out and pulling all of the data that could impact freight capacity and pricing globally. Over this last, let's say, nine months, turning that into kind of five key areas that can predict risk on capacity and pricing in ocean and air. Yes, that is built off of an enormous amount of data that we have, and that has been sitting for some period of time, and we've been using it for various different things.
Now using AI to be able to take that, plus client input data on what are their key risk factors, what are the areas that they're currently operating in, and provide risk forecasting around pricing and capacity and disruption in their network.
I think that's the answer to the first part. Second part was, where do we see more and more opportunities? I think that if you look at our strategic priorities, it's very much around automated procurement, actionable intelligence, right? Being able to not only provide data outputs, but being able to provide recommendations and/or even automated execution against preset inputs that are coming from the clients. Let's take a procurement event, for instance, where all of a sudden they recognize there could be disruption in a key region for them in the next six weeks, making sure that they have the right backup in place from a pricing and capacity perspective to be able to execute against that. We see lots of opportunities both in the market intelligence space, in the procurement space, and also in the network design space.
Okay. Helpful. It sounds like solutions was a bit weaker this quarter, but the pipeline has developed pretty nicely. Can you just help us square those things? Are sales cycles a little bit longer right now at all? Is the progression of AI, in general, having any impact on budgets? Just maybe help us understand what you're hearing from customers right now compared to six months or a year ago, and then just sort of the visibility into the re-acceleration.
Sure.
Pablo, would you like to take that one?
Yeah. Sure. Let me take this one. Hi, Logan, and sorry that George couldn't join us. We are seeing the solutions did not perform lower than what we expected. The platform transaction shortfall is fully market related, and it's the cost of the revenue shortfall from the guidance that we had this quarter. Q1 is also the first quarter of our focus change. We didn't expect solutions sales execution to deliver at the higher level that it happened. As you said, uncertainty in the market is delaying some decisions from a customer perspective. In order for us to have full control and understand how the sales cycle goes, it's all the changes that we have done from an execution perspective.
We expect to have full visibility and control over the rest of the year, and we are starting to see that on the pipeline that we have been able to build in Q1, which double what we did in last year at the same time.
Okay, thank you.
Okay, the next question is from the line of Poe Fratt. Poe, you can unmute.
Sorry about that. Hopefully, you can hear me okay. Can you just talk about the cost savings program you implemented in March? Will we see anything in the second quarter? Can you just give us an idea of the cadence of that cost savings target of $4.5 million by the end of the year?
Sure. We did execute at the end of March, the cost optimization plan. Of course, in Q1, we didn't benefit much of that. We will start benefiting Q2 going forward. The majority of that benefit will come during Q2 and partially Q3, and to finalize completely in Q4. In Q4, those $4.5 million run rate annual savings will be materialized, mainly starting now in Q2.
Okay, great. If you could just talk about your cash position, it dropped $5 million in the first quarter. Is that your cash burn? Is that equivalent to your cash burn? Can you talk about sort of the path over the rest of the year as far as how your cash burn looks?
The cash burn was affected in this quarter by the cost optimization plan that we did, that we executed at the end of March, and we have to put some cash up front on that. Normally, our cash burn is linked almost very similar to our adjusted EBITDA number, and that's the expectation for the rest of the year. Our guidance for Q2 is similar to our cash burn expected in Q2, and our cash burn for the year is expected in the same range as the guidance that we put for adjusted EBITDA. Only caveat with the cost optimization action that we have taken, we said it was going to be around $1.3 million on top of that, but for the rest, should be very aligned.
Great. Very helpful. Thank you.
Okay, let's now take a few questions from the chat. The first one is: How should we think about monetization per transaction in the current environment of elevated freight rate and lower volumes? Are you seeing any meaningful change in take rate or pricing mix?
Ian, do you want to take this one?
Sure. Monetization per transaction, as we've discussed on these calls quite a bit over the last couple of years, the vast majority of our transactional revenue coming from carriers is flat. Therefore, the revenue mix doesn't necessarily change significantly as freight rates go up or down. If it's flat and it's just purely lower volume, then you can understand how we had a softer quarter due to the Middle East disruption. GBV, gross booking value, could stay the same or even go up. In this case, gross booking value went up due to the fact that freight rates were higher and much more elevated. From a pure take rate perspective, down due to the fact that we missed on the transactional numbers due to the Middle East disruption.
Thanks, Ian. Another question, which I think we partly answered, but maybe it's worth fine-tuning. You mentioned that solutions represent the majority of revenue and is less directly tied to platform KPIs. Given the software transaction environment in the Middle East, how did solution revenue perform relative to your internal expectations, and are you seeing any delays in enterprise spending or deal closures?
Let me take this one. We partially answered this question. As you said, in Q1, solutions revenue was not softer than expected. Q1 is the first quarter that we really start focusing on the change. Of course, internally, we didn't expect solution sales execution to be at the level that we expect to be in the following quarters. The guidance that we provide at that time were that line. Just a reminder, the shortfall that we have versus the guidance is 100% related to the platform transaction shortfall that we had in Q1. Enterprise customers, due to these uncertainties, are delaying decisions, but we are day-to-day talking to them and showing them the value and proving them the value of our solution and with a much tighter approach.
We are more in control of the sales cycle, and we are more closer to the customer. All the guidance that we provide in the future are related to the activities that we're driving right now.
Thanks, Pablo. Another question is: Can you remind investors of the long-term vision, five years, in terms of business mix, revenue targets, and margins?
From a long-term vision right now, we see the framework of 2027, 2030 of transactions and GBV growth between 20%-30% growth year-over-year. Revenues going back to over 20% plus between 25%-30% per year. Gross profit margin continue to be in the range of 70%-80% in non-IFRS perspective and adjusted EBITDA improvements between 8-12 percentage points year-over-year. That's how we see it right now in the following three years.
Thank you. Our last question, I believe, is referring to one of the comments that you already made, Pablo. Someone is asking for clarification: Is cash going to be enough to reach cashflow positive?
Yeah. We are confident that with the burn that we're expecting to have and with $23.5 million in cash right now, it provides sufficient liquidity to support our operating plans for the rest of the year, as well as become adjusted cash positivity two or three months after we become breakeven.
Okay, I see no further questions, thanks everyone for joining. Have a good day.
Thank you, everyone.
Investor releaseQuarter not tagged2026-05-25What To Expect From Freightos Ltd (CRGO) Q1 2026 Earnings
GuruFocus.com
What To Expect From Freightos Ltd (CRGO) Q1 2026 Earnings
This article first appeared on GuruFocus. Freightos Ltd (NASDAQ:CRGO) is set to release its Q1 2026 earnings on May 26, 2026. The consensus estimate for Q1 2026 revenue is $7.44 million, and the earnings are expected to come in at -$0.08 per share. The full year 2026's revenue is expected to be $31.96 million, and the earnings are expected to be -$0.18 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 4 Warning Signs with CRGO. Is CRGO fairly valued? Test your thesis with our free DCF calculator. Over the past 90 days, revenue estimates for Freightos Ltd (NASDAQ:CRGO) have declined from $36.44 million to $31.96 million for the full year 2026, and from $46.88 million to $36.03 million for 2027. Earnings estimates have increased from -$0.21 per share to -$0.18 per share for the full year 2026, while they have declined from -$0.09 per share to -$0.10 per share for 2027. In the previous quarter of December 31, 2025, Freightos Ltd's (NASDAQ:CRGO) actual revenue was $7.41 million, which missed analysts' revenue expectations of $7.45 million by -0.62%. Freightos Ltd's (NASDAQ:CRGO) actual earnings were -$0.07 per share, which missed analysts' earnings expectations of -$0.063 per share by -11.11%. After releasing the results, Freightos Ltd (NASDAQ:CRGO) was down by -30.18% in one day. Based on the one-year price targets offered by 2 analysts, the average target price for Freightos Ltd (NASDAQ:CRGO) is $2.90, with a high estimate of $3.00 and a low estimate of $2.80. The average target implies an upside of 42.51% from the current price of $2.04. Based on GuruFocus estimates, the estimated GF Value for Freightos Ltd (NASDAQ:CRGO) in one year is $3.23, suggesting an upside of 58.72% from the current price of $2.04. Based on the consensus recommendation from 2 brokerage firms, Freightos Ltd's (NASDAQ:CRGO) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Investor releaseQuarter not tagged2026-05-07Payoneer Global Inc. (PAYO) Q1 Earnings and Revenues Surpass Estimates
Zacks
Payoneer Global Inc. (PAYO) Q1 Earnings and Revenues Surpass Estimates
Payoneer Global Inc. (PAYO) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +51.13%. A quarter ago, it was expected that this company would post earnings of $0.06 per share when it actually produced earnings of $0.05, delivering a surprise of -16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Payoneer Global, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $261.6 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.08%. This compares to year-ago revenues of $246.62 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Payoneer Global shares have lost about 13.5% since the beginning of the year versus the S&P 500's gain of 7.6%. While Payoneer Global has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Payoneer Global was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of...
Investor releaseQuarter not tagged2026-04-15Freightos Reports Platform KPIs for First Quarter as it Executes Solutions-Led Strategy
PR Newswire
Freightos Reports Platform KPIs for First Quarter as it Executes Solutions-Led Strategy
The Company Plans To Report Earnings on May 26, 2026 BARCELONA, Spain, April 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 first 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. Platform Expansion and Network Growth Transactions: Q1 2026 transactions totaled 425k, up 15% year-over-year and below management's expectations, reflecting reduced activity in Middle East routes amid ongoing military conflict and disruption to major international shipping and air corridors. 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 and Buyer Growth: Our active carrier network maintained its record level of 79 carriers in Q1 2026, up from 77 in Q4 2025. Unique buyer users declined slightly on a sequential basis to approximately 20,600, reflecting the reduced activity in the Middle East, but was up approximately 5% year over year. Gross Booking Value (GBV): The total value of transactions processed on the Freightos platform, or GBV, reached $344M 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 the Webcargo portal. "Facilitating 425 thousand transactions during the quarter shows that global logistics companies continue to rely on the Freightos platform to weather volatility," said Pablo Pinillos, CEO and Interim CFO of Freightos. "At a time of a regional crisis, our platform played a key role in helping reallocate volumes to new carrier-route combinations. Our focus remains on scaling solutions adoption and executing toward profitability. We view platform activity as a la...
Investor releaseQuarter not tagged2026-02-25Freightos (CRGO) Q4 2025 Earnings Call Transcript
Motley Fool
Freightos (CRGO) Q4 2025 Earnings Call Transcript
Image source: The Motley Fool. Feb. 23, 2026, at 8:30 a.m. ET Chairman of the Board — Dr. Udo Lange CFO and Interim CEO — Pablo Pinillos Chief Strategy Officer — Ian Arroyo VP Investor Relations — Anat Earon-Heilborn Need a quote from a Motley Fool analyst? Email [email protected] Anat Earon-Heilborn: Hello, and welcome to Freightos Q4 2025 Earnings Conference Call. A press release with detailed financial results was released earlier today and is available on the Investor Relations section of our website, freightos.com/investors. My name is Anat Earon-Heilborn, and I'm joined today by Pablo Pinillos, Freightos' CFO and Interim CEO; and Ian Arroyo, Chief Strategy Officer. We are also joined today by Dr. Udo Lange, Chairman of the Board, to share brief remarks. 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 discussion of -- 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. Today's earnings call will begin with brief remarks from our Chairman, Dr. Udo Lange. We will then hear a business overview and outlook by Pablo, followed by Ian, who will deep dive into our strategy. Next, Pablo will present the financial results and the guidance for Q1 and full year 2026. We will conclude with Q&A. [Operator Instructions]. Udo, please go ahead. Udo Lange: Yes. Thank you, Anat. Good morning, everyone, and thank you all for joining u...
Investor releaseQuarter not tagged2026-02-24Freightos Ltd (CRGO) Q4 2025 Earnings Call Highlights: Strong Revenue Growth Amidst Strategic Shifts
GuruFocus.com
Freightos Ltd (CRGO) Q4 2025 Earnings Call Highlights: Strong Revenue Growth Amidst Strategic Shifts
This article first appeared on GuruFocus. Q4 Revenue: $7.4 million, up 12% year over year. Full-Year 2025 Revenue: $29.5 million, up 24% year over year. Platform Revenue Growth: 18% for the full year. Solutions Revenue Growth: 27% for the full year. Gross Margin: 72.7% in Q4, down from 74.3% in Q4 2024; 73.7% for the full year, up 130 basis points from 2024. Adjusted EBITDA: Negative $2.7 million in Q4 2025; negative $11.2 million for the full year. Cash and Short-term Bank Deposits: $27.9 million at the end of Q4. Q4 Bookings: 445,000 bookings, up 27% year over year. Gross Booking Value (GBV): $357 million in Q4, up 27% year over year. Carrier Network: 77 carriers, up from 67 in Q4 2024. 2026 Revenue Growth Guidance: 6% to 12% for the full year. Breakeven Target: Adjusted EBITDA breakeven by Q4 2026. Expected Cash Balance End of 2026: Approximately $20 million. Warning! GuruFocus has detected 3 Warning Signs with CRGO. Is CRGO fairly valued? Test your thesis with our free DCF calculator. Release Date: February 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Freightos Ltd (NASDAQ:CRGO) achieved a 24% revenue growth for the full year 2025, despite a volatile global trade environment. The company delivered its 24th consecutive quarter of record transactions, reaching 445,000 bookings, up 27% year over year. Freightos Ltd (NASDAQ:CRGO) has a strong position in digital air bookings, connecting carriers, shippers, and forwarders on a platform that enhances billions of dollars of global trade flows. The company is focused on reaching breakeven adjusted EBITDA by Q4 2026, demonstrating a commitment to profitability and disciplined growth. Freightos Ltd (NASDAQ:CRGO) is expanding its comprehensive solution suite, including air, ocean, and tendering solutions, which are expected to drive long-term growth. Solutions growth was softer than anticipated, with enterprise sales cycles increasing in 2025, affecting near-term revenue growth. The company experienced a decline in non-IFRS gross margin in Q4 2025, down to 72.7% from 74.3% in Q4 2024, due to product mix and foreign-exchange effects. Adjusted EBITDA was negative $2.7 million in Q4 2025 and negative $11.2 million for the full year, impacted by currency headwinds. Revenue guidance for 2026 is lower than expected, with anticipated growth of only 6% to 12%...
Investor releaseQuarter not tagged2026-02-24Freightos Q4 Earnings Call Highlights
MarketBeat
Freightos Q4 Earnings Call Highlights
Profitability target and cautious 2026 outlook: Freightos is aiming for adjusted EBITDA break-even in Q4 2026 and expects to finish the year with about $20 million in cash, while guiding 2026 revenue growth to 6%–12% due to longer enterprise sales cycles. Operational strategy shift: Management is prioritizing a "solutions-first" approach with tighter go-to-market execution, sharper cost discipline, and governance changes (separated chair/CEO roles and new board members) to drive disciplined, profitable growth. Strong transaction growth but continued losses: Q4 saw a record 445,000 bookings (GBV $357M, +27% YoY) and FY2025 revenue of $29.5M (+24% YoY), yet adjusted EBITDA remained negative (-$11.2M for the year) with $27.9M in cash at quarter-end. Interested in Freightos Limited? Here are five stocks we like better. Freightos (NASDAQ:CRGO) outlined a 2026 plan centered on profitability, tighter execution, and a “solutions-first” strategy as the company reported fourth-quarter and full-year 2025 results and provided a slower revenue growth outlook for 2026 amid longer enterprise sales cycles. Chairman Dr. Udo Lange said the company is prioritizing “profitability and disciplined growth” in 2026 and remains committed to reaching break-even by the end of the year. Lange described break-even as a milestone toward becoming a self-sustaining growth company with attractive margins and greater strategic flexibility. → Gold and Silver Pulled Back—Here’s Why the Bull Case Is Intact Lange also discussed governance and leadership changes. He said the board separated the chair and CEO roles last year, added two external directors (Michael Schaecher and Rotem Hershko), and established a product, AI, and technology committee to increase focus on product priorities, capital allocation, and long-term growth drivers. Regarding the CEO transition, Lange said the move from a founder-led to a professional CEO-led organization is “orderly and progressing.” The board is considering internal and external candidates and expects to appoint a new CEO before the next earnings release. → MarketBeat Week in Review – 02/16 - 02/20 In response to a question about founder Zvi Schreiber stepping down from the board, Lange said the decision “was not planned” and was entirely Schreiber’s, though the board respects it and remains committed to the company’s long-term vision. Interim CEO and CFO Pa...