Freightos Q2 Revenue Hits Record $7.7M, Loss Narrows; FY26 Guidance Cut
CRGO sits 37% above its 52-week low of $1.14.
Summary
Freightos reported record Q2 revenue of $7.7M and a narrowed loss, but cut full-year revenue guidance to 3-5% growth. Cash stands at $21.4M with breakeven targeted by year-end.
Key Events · Earnings and Guidance · CRGO
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Record Q2 Revenue, Narrowed Loss
Revenue reached $7.7M, up 3% YoY, with IFRS loss of $1.6M vs $4.3M a year ago. Adjusted EBITDA loss improved to $2.0M from $2.9M.
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Full-Year Guidance Cut
FY26 revenue guidance lowered to $30.4-31.0M (3-5% growth), down from prior expectations. Adjusted EBITDA expected between -$6.9M and -$6.4M.
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Cash Position and Breakeven Target
Cash and short-term deposits totaled $21.4M at June 30, 2026. Management targets Adjusted EBITDA breakeven by Q4 2026 and cash generation by mid-2027.
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Platform Metrics Mixed
Transactions grew 15% YoY to 458k, and GBV rose 33% to a record $422M. However, active carriers declined to 75 from 79 in Q1 2026.
Analysis · CRGO · Energy & Transportation
Freightos delivered record Q2 revenue of $7.7 million, up 3% year-over-year, and its lowest-ever Adjusted EBITDA loss of $2.0 million. However, the company cut its full-year revenue guidance to $30.4-31.0 million, implying just 3-5% growth, down from prior expectations. The company holds $21.4 million in cash and expects to reach Adjusted EBITDA breakeven by year-end and become cash generative by mid-2027. The results come amid an activist campaign by founder Zvi Schreiber, adding pressure on management to demonstrate execution.
How filings like this one have moved
In the 30 days to Nov 3, 2026, 32.3% of the 2077 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CRGO was trading at $1.56 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $69.8M. The 52-week trading range was $1.14 to $4.24. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.