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.
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.