Freightos Reports Q1 Revenue of $7.16M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Reports Q1 revenue $7.16M vs. $6.94M last year. "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."
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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 Q1 Earnings: 15% Transaction Growth Amid Challenges
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- Gross Booking Value Surge: The gross booking value reached $343 million, up 24% year-over-year, showcasing the platform's scale and customer relevance, even as overall revenue growth was limited to 3% due to market conditions.
- Cost Optimization Initiative: The company's cost optimization plan is expected to generate approximately $4.5 million in annualized savings starting in Q4 2026, aimed at improving financial health and supporting future growth strategies.
- Increase in Active Carriers: The number of active carriers rose from 77 to 79, indicating positive progress in enhancing carrier engagement, although the overall market environment remains uncertain and volatile.
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- Transaction Volume & Growth: The expected transaction volume for Q1 is between 437,000 and 444,000, with a year-over-year growth rate of 10% to 12%, demonstrating Freightos's efforts to maintain transaction activity despite difficulties, showcasing its market resilience.
- Adjusted EBITDA Outlook: The company anticipates reaching adjusted EBITDA breakeven by the end of 2026, although the Q1 adjusted EBITDA was -$2.836 million, reflecting ongoing operational challenges and the need for cost control.
- Strategic Direction & Market Conditions: The CEO of Freightos emphasized that despite the tough market conditions, the company remains focused on long-term growth and improving operational efficiency, indicating that its strategic positioning in digital freight procurement and booking processes remains unchanged.
See More
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- Earnings Overview: Freightos reported a Q1 2026 GAAP EPS of -$0.13 with revenue of $7.16 million, reflecting a 3% year-over-year increase but missing expectations by $0.29 million, indicating challenges faced during the transition year.
- Transaction Volume Growth: The Freightos platform facilitated 425,000 transactions in Q1 2026, a 15% year-over-year increase, suggesting that despite overall revenue shortfalls, transaction activity remains robust, reflecting market demand resilience.
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- Freight Operations Update: Freight operations for Q1 2026 totaled 425K, reflecting a 15% year-over-year increase.
- Management Expectations: The total freight operations were below management's expectations for the quarter.
See More
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- Freightos Q1 2026 Performance: The total value of transactions processed on Freightos' platform reached $344 million in Q1 2026.
- Year-over-Year Growth: This figure represents a 24% increase compared to Q1 of the previous year.
See More
Freightos Reports Preliminary Q1 2026 Performance Indicators
- Transaction Growth: In Q1 2026, Freightos facilitated 425,000 transactions, reflecting a 15% year-over-year increase, indicating strong reliance on the platform by global logistics companies during volatile times, thus solidifying its market position.
- Gross Booking Value Performance: The gross booking value (GBV) for the quarter reached $343 million, with a 24% year-over-year growth, showcasing Freightos' success in enhancing customer transaction volume and value, further reinforcing its leadership in the international freight market.
- Profitability Strategy: CEO Pablo Pinillos emphasized that platform activity serves as a lagging indicator of workflow adoption, with a continued focus on scaling solution adoption and achieving profitability, demonstrating the company's confidence in long-term growth.
- Upcoming Earnings Release: Freightos plans to report its Q1 2026 financial results before the market opens on May 26, 2026, and will host a webcast and conference call to elaborate on the results, showcasing its commitment to transparency and investor communication.
See More
Freightos Q1 Earnings: 15% Transaction Growth Amid Challenges
- Transaction Growth: Freightos Ltd (NASDAQ:CRGO) processed 425,000 transactions in Q1, marking a 15% year-over-year increase, although it fell short of the 20% target, indicating resilience in market demand despite challenges.
- Gross Booking Value Surge: The gross booking value reached $343 million, up 24% year-over-year, showcasing the platform's scale and customer relevance, even as overall revenue growth was limited to 3% due to market conditions.
- Cost Optimization Initiative: The company's cost optimization plan is expected to generate approximately $4.5 million in annualized savings starting in Q4 2026, aimed at improving financial health and supporting future growth strategies.
- Increase in Active Carriers: The number of active carriers rose from 77 to 79, indicating positive progress in enhancing carrier engagement, although the overall market environment remains uncertain and volatile.
See More
Freightos Reports Q1 2026 Financial Results Amid Market Challenges
- Financial Overview: Freightos reported Q1 2026 revenue of $7.156 million, reflecting a year-over-year decline of 3% to 0%, indicating business pressure amid a challenging global freight environment, leading to an adjustment in revenue guidance for 2026 to align with current market realities.
- Transaction Volume & Growth: The expected transaction volume for Q1 is between 437,000 and 444,000, with a year-over-year growth rate of 10% to 12%, demonstrating Freightos's efforts to maintain transaction activity despite difficulties, showcasing its market resilience.
- Adjusted EBITDA Outlook: The company anticipates reaching adjusted EBITDA breakeven by the end of 2026, although the Q1 adjusted EBITDA was -$2.836 million, reflecting ongoing operational challenges and the need for cost control.
- Strategic Direction & Market Conditions: The CEO of Freightos emphasized that despite the tough market conditions, the company remains focused on long-term growth and improving operational efficiency, indicating that its strategic positioning in digital freight procurement and booking processes remains unchanged.
See More
Freightos Q1 2026 Earnings Report Shows Mixed Results
- Earnings Overview: Freightos reported a Q1 2026 GAAP EPS of -$0.13 with revenue of $7.16 million, reflecting a 3% year-over-year increase but missing expectations by $0.29 million, indicating challenges faced during the transition year.
- Transaction Volume Growth: The Freightos platform facilitated 425,000 transactions in Q1 2026, a 15% year-over-year increase, suggesting that despite overall revenue shortfalls, transaction activity remains robust, reflecting market demand resilience.
- Revenue Source Analysis: Total platform revenue for the first quarter was $2.4 million, up 3%, while solutions revenue also reached $4.8 million, indicating stable growth from the WebCargo platform and data solutions, although SaaS and customs transactions underperformed.
- User Growth Metrics: The number of carriers actively selling on the platform increased from 71 in Q1 2025 to 79 in Q1 2026, with approximately 20,600 unique buyer users digitally booking freight services, demonstrating positive progress in attracting new users and carriers.
See More
FREIGHTOS LTD: Q1 2026 TRANSACTIONS REACHED 425K, INCREASING 15% YEAR-OVER-YEAR BUT FALLING SHORT OF MANAGEMENT'S PROJECTIONS
- Freight Operations Update: Freight operations for Q1 2026 totaled 425K, reflecting a 15% year-over-year increase.
- Management Expectations: The total freight operations were below management's expectations for the quarter.
See More
FREIGHTOS LTD: Q1 2026 TRANSACTION VALUE ON FREIGHTOS PLATFORM REACHED $344M, A 24% INCREASE COMPARED TO LAST YEAR
- Freightos Q1 2026 Performance: The total value of transactions processed on Freightos' platform reached $344 million in Q1 2026.
- Year-over-Year Growth: This figure represents a 24% increase compared to Q1 of the previous year.
See More
Freightos Reports Preliminary Q1 2026 Performance Indicators
- Transaction Growth: In Q1 2026, Freightos facilitated 425,000 transactions, reflecting a 15% year-over-year increase, indicating strong reliance on the platform by global logistics companies during volatile times, thus solidifying its market position.
- Gross Booking Value Performance: The gross booking value (GBV) for the quarter reached $343 million, with a 24% year-over-year growth, showcasing Freightos' success in enhancing customer transaction volume and value, further reinforcing its leadership in the international freight market.
- Profitability Strategy: CEO Pablo Pinillos emphasized that platform activity serves as a lagging indicator of workflow adoption, with a continued focus on scaling solution adoption and achieving profitability, demonstrating the company's confidence in long-term growth.
- Upcoming Earnings Release: Freightos plans to report its Q1 2026 financial results before the market opens on May 26, 2026, and will host a webcast and conference call to elaborate on the results, showcasing its commitment to transparency and investor communication.
See More
