Freightos Limited (CRGO) Q3 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 17 2025
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Should l Buy CRGO?
Source: SeekingAlpha
Transactions Processed 429,000 transactions in Q3 2025, up 27% year-over-year. This marks the 23rd consecutive quarter of record transactions. The increase is attributed to more buyers and sellers using Freightos more frequently, driving short-term revenue growth and long-term scalability.
Unique Buyer Users 20,600 unique buyer users in Q3 2025. The number of carriers with more than 5 bookings increased to 77. Growth is driven by expanding airline coverage in Asia and global expansion of smaller carriers leveraging the digital channel.
Air Cargo Volumes Increased 4% compared to Q3 2024. Growth in many markets was offset by headwinds from tariffs and changes to U.S. import regulations.
Global Air Cargo Rates Decreased 6% compared to Q3 2024. The decline reflects market volatility and nervousness due to tariffs and macroeconomic uncertainty.
Revenue $7.7 million in Q3 2025, up 24% year-over-year. Platform revenue was $2.6 million (up 15% year-over-year), and Solutions revenue was $5.1 million (up 30% year-over-year). Growth is attributed to increased transaction volumes and the adoption of mission-critical SaaS solutions.
Gross Margin Improved to 69.1% (IFRS basis) in Q3 2025 from 65% a year ago. Non-IFRS gross margin rose to 74.8% from 72.7%. The improvement is due to scaling, automation efforts in customer services, and infrastructure cost optimizations.
Adjusted EBITDA Negative $2.6 million in Q3 2025, an improvement from negative $2.8 million in Q3 2024. The improvement is driven by revenue growth, stronger gross margins, and disciplined cost management, partially offset by currency impacts.
Cash and Short-Term Bank Deposits $30.6 million as of Q3 2025. Cash position supports continued investments in product and commercial execution while scaling the business to breakeven.
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About CRGO
Freightos Limited provides a vendor-neutral booking and payment platform. The Company connects thousands of carriers, freight forwarders, and importers and exporters around the world for air, ocean and trucking freight pricing, booking and shipment management. Its products include the Freightos Marketplace, WebCargo, WebCargo for Airlines, Shipsta by Freightos, 7LFreight by WebCargo, and Clearit. It provides a range of solutions, including WebCargo’s booking platform, tools and data solutions for carriers and forwarders, Freightos.com’s digital freight booking and management platform for importers and exporters, its data solutions or Clearit, its digital customs broker. It also operates Freightos Terminal, a freight market intelligence solution that offers data on real-time pricing, transit times, the Freightos Air Index (FAX) and Freightos Baltic Index, and a news feed. It has over 1,800 freight forwarders across 90 countries that use WebCargo by Freightos for eBookings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Freightos (CRGO) Q4 2025 Earnings Call Transcript
See More
Freightos Reports Strong 2025 Financial Results Amid Global Trade Challenges
- Significant Revenue Growth: Freightos reported revenue for 2025 between $312 million and $328 million, reflecting a 24% year-over-year increase, and despite foreign exchange pressures impacting Adjusted EBITDA, the company maintained stable cash flow, anticipating breakeven by 2026.
- Steady Transaction Volume Increase: The projected transaction volume for 2025 is between 1.937 million and 1.975 million, representing an 18% to 20% year-over-year growth, indicating Freightos's ongoing growth potential in the global freight market, particularly amid digital transformation.
- Solution Adoption Strategy: The company is focusing resources on solution adoption, aiming to embed its software into customers' daily workflows, which is expected to drive natural growth in platform bookings and position the company for higher growth in 2027 and beyond.
- Optimistic Management Outlook: CFO and Interim CEO Pablo Pinillos noted that despite the instability in the global trade ecosystem, Freightos has met or exceeded guidance every quarter over the past three years, demonstrating the company's resilience and execution capabilities in the market.
See More
Freightos Q4 Earnings Beat Expectations with Strong Growth Metrics
- Earnings Highlights: Freightos reported a Q4 non-GAAP EPS of -$0.05, beating expectations by $0.03, although revenue of $7.41 million, reflecting a 12.4% year-over-year growth, missed estimates by $50,000, indicating ongoing growth driven by the strong WebCargo platform and customs clearance services.
- Platform Revenue Growth: Q4 platform revenue reached $2.5 million, up 13% year-over-year, while solutions revenue was $4.9 million, up 12%, demonstrating positive progress in diversifying revenue streams despite slower growth in SaaS and data solutions.
- Record Transaction Volume: Freightos achieved a record 445,000 transactions in Q4 2025, a 27% increase year-over-year, reflecting the platform's attractiveness and laying a foundation for future revenue growth.
- Carrier and User Growth: The number of active carriers increased from 67 in Q4 2024 to 77 in Q4 2025, while unique buyer users grew to 20,700, indicating continued expansion in market penetration and user base for Freightos.
See More
Freightos Board Member Resignation Announcement
- Board Member Change: Freightos Limited announced that Dr. Zvi Schreiber will resign from the Board of Directors effective February 28, 2026, although the Board remains fully compliant with governance requirements, indicating stability in corporate governance.
- CEO Search Ongoing: The company continues its search for a permanent Chief Executive Officer as planned, demonstrating a commitment to leadership stability and ensuring that its mission to digitalize global freight remains unaffected.
- Digital Freight Platform: As a leading vendor-neutral digital booking platform, Freightos connects airlines, ocean carriers, and over ten thousand importers and exporters, driving efficiency and agility in global trade, highlighting its significant role in the international freight market.
- Real-Time Industry Data: Freightos provides real-time industry data through Freightos Terminal, including the world's leading spot pricing indexes, enhancing its competitive advantage in the freight industry and supporting clients in making more informed decisions.
See More
Freightos Limited (CRGO) Exceeds Q4 Metrics, Shares Rise 9%
- Transaction Growth: Freightos reported 445,000 transactions in Q4 2025, a 27% year-over-year increase that exceeded management expectations, indicating strong demand for its digital freight platform and competitive market positioning.
- Gross Booking Value Surge: The gross booking value for the quarter reached $357 million, also up 27%, reflecting not only the healthy growth of the company's business but also its success in digital transformation.
- Impressive Annual Performance: For the full year 2025, Freightos achieved 1.64 million transactions, a 26% increase, with gross booking value hitting $1.29 billion, up 44%, showcasing the company's ongoing expansion and market share growth.
- Upcoming Financial Report: The company plans to release its full Q4 and 2025 financial results on February 23, 2026, with market consensus estimating 2025 revenue at $29.52 million, further validating its growth potential.
See More
Freightos (CRGO) Reports Q4 2025 Preliminary KPIs with 445,000 Transactions
- Transaction Growth: Freightos achieved 445,000 transactions in Q4 2025, reflecting a 27% year-over-year increase, showcasing the strong execution of its global freight platform and sustained market demand, which is expected to enhance the company's market share.
- Increased Gross Booking Value: The gross booking value (GBV) for the quarter reached $357 million, also up 27% year-over-year, indicating Freightos's leadership in the digital freight industry and the effectiveness of its business expansion, likely attracting more airlines and freight buyers.
- Platform Expansion Strategy: Freightos recorded its 24th consecutive quarter of record transactions, with CFO and Interim CEO Pablo Pinillos stating that the company's strategy focuses on expanding partnerships with regional and specialist carriers to increase transaction density, thereby enhancing the platform's competitiveness.
- Earnings Release Schedule: Freightos plans to report its Q4 2025 and full-year financial results before the market opens on February 23, 2026, and will host a webcast and conference call to further discuss performance and future outlook.
See More
Freightos (CRGO) Q4 2025 Earnings Call Transcript
See More
Freightos Reports Strong 2025 Financial Results Amid Global Trade Challenges
- Significant Revenue Growth: Freightos reported revenue for 2025 between $312 million and $328 million, reflecting a 24% year-over-year increase, and despite foreign exchange pressures impacting Adjusted EBITDA, the company maintained stable cash flow, anticipating breakeven by 2026.
- Steady Transaction Volume Increase: The projected transaction volume for 2025 is between 1.937 million and 1.975 million, representing an 18% to 20% year-over-year growth, indicating Freightos's ongoing growth potential in the global freight market, particularly amid digital transformation.
- Solution Adoption Strategy: The company is focusing resources on solution adoption, aiming to embed its software into customers' daily workflows, which is expected to drive natural growth in platform bookings and position the company for higher growth in 2027 and beyond.
- Optimistic Management Outlook: CFO and Interim CEO Pablo Pinillos noted that despite the instability in the global trade ecosystem, Freightos has met or exceeded guidance every quarter over the past three years, demonstrating the company's resilience and execution capabilities in the market.
See More
Freightos Q4 Earnings Beat Expectations with Strong Growth Metrics
- Earnings Highlights: Freightos reported a Q4 non-GAAP EPS of -$0.05, beating expectations by $0.03, although revenue of $7.41 million, reflecting a 12.4% year-over-year growth, missed estimates by $50,000, indicating ongoing growth driven by the strong WebCargo platform and customs clearance services.
- Platform Revenue Growth: Q4 platform revenue reached $2.5 million, up 13% year-over-year, while solutions revenue was $4.9 million, up 12%, demonstrating positive progress in diversifying revenue streams despite slower growth in SaaS and data solutions.
- Record Transaction Volume: Freightos achieved a record 445,000 transactions in Q4 2025, a 27% increase year-over-year, reflecting the platform's attractiveness and laying a foundation for future revenue growth.
- Carrier and User Growth: The number of active carriers increased from 67 in Q4 2024 to 77 in Q4 2025, while unique buyer users grew to 20,700, indicating continued expansion in market penetration and user base for Freightos.
See More
Freightos Board Member Resignation Announcement
- Board Member Change: Freightos Limited announced that Dr. Zvi Schreiber will resign from the Board of Directors effective February 28, 2026, although the Board remains fully compliant with governance requirements, indicating stability in corporate governance.
- CEO Search Ongoing: The company continues its search for a permanent Chief Executive Officer as planned, demonstrating a commitment to leadership stability and ensuring that its mission to digitalize global freight remains unaffected.
- Digital Freight Platform: As a leading vendor-neutral digital booking platform, Freightos connects airlines, ocean carriers, and over ten thousand importers and exporters, driving efficiency and agility in global trade, highlighting its significant role in the international freight market.
- Real-Time Industry Data: Freightos provides real-time industry data through Freightos Terminal, including the world's leading spot pricing indexes, enhancing its competitive advantage in the freight industry and supporting clients in making more informed decisions.
See More
Freightos Limited (CRGO) Exceeds Q4 Metrics, Shares Rise 9%
- Transaction Growth: Freightos reported 445,000 transactions in Q4 2025, a 27% year-over-year increase that exceeded management expectations, indicating strong demand for its digital freight platform and competitive market positioning.
- Gross Booking Value Surge: The gross booking value for the quarter reached $357 million, also up 27%, reflecting not only the healthy growth of the company's business but also its success in digital transformation.
- Impressive Annual Performance: For the full year 2025, Freightos achieved 1.64 million transactions, a 26% increase, with gross booking value hitting $1.29 billion, up 44%, showcasing the company's ongoing expansion and market share growth.
- Upcoming Financial Report: The company plans to release its full Q4 and 2025 financial results on February 23, 2026, with market consensus estimating 2025 revenue at $29.52 million, further validating its growth potential.
See More
Freightos (CRGO) Reports Q4 2025 Preliminary KPIs with 445,000 Transactions
- Transaction Growth: Freightos achieved 445,000 transactions in Q4 2025, reflecting a 27% year-over-year increase, showcasing the strong execution of its global freight platform and sustained market demand, which is expected to enhance the company's market share.
- Increased Gross Booking Value: The gross booking value (GBV) for the quarter reached $357 million, also up 27% year-over-year, indicating Freightos's leadership in the digital freight industry and the effectiveness of its business expansion, likely attracting more airlines and freight buyers.
- Platform Expansion Strategy: Freightos recorded its 24th consecutive quarter of record transactions, with CFO and Interim CEO Pablo Pinillos stating that the company's strategy focuses on expanding partnerships with regional and specialist carriers to increase transaction density, thereby enhancing the platform's competitiveness.
- Earnings Release Schedule: Freightos plans to report its Q4 2025 and full-year financial results before the market opens on February 23, 2026, and will host a webcast and conference call to further discuss performance and future outlook.
See More
