Freightos Reports Second Quarter 2026 Results

Freightos Reports Second Quarter 2026 Results BARCELONA, Spain, Aug. 17, 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 June 30, 2026.

"Our second quarter results delivered record revenue ahead of our expectations and our lowest-ever Adjusted EBITDA loss, as we continued executing against the priorities we set at the beginning of the year," said Pablo Pinillos, CEO and CFO of Freightos. "We are strengthening Freightos' position as the infrastructure layer for global freight, and unifying our product portfolio under a single Freightos identity to make it easier for customers to adopt and expand their use of it. World events created headwinds for some parts of our business and tailwinds for others, demonstrating that the comprehensiveness of our offering provides meaningful diversification alongside the value it delivers to customers. Our updated full year outlook reflects areas where execution needs to accelerate as well as the high market uncertainty. We remain committed to our profitability targets by exiting the year at Adjusted EBITDA breakeven and expect to become cash generative by mid-2027."

Second Quarter 2026 Financial Highlights

Recent Business Highlights

Financial Outlook

Management Expectations

Q3 2026

FY 2026

Transactions (k)

481 - 490

1,847 - 1,869

Year over Year Growth

12% - 14%

GBV ($m)

390 - 397

1,533 - 1,560

Year over Year Growth

16% - 18%

19% - 21%

Revenue ($m)

7.7 - 7.8

30.4 - 31.0

Year over Year Growth

1% - 2%

3% - 5%

Adjusted EBITDA ($m)

(1.3) - (1.2)

(6.9) - (6.4)

This outlook assumes freight price levels and market freight volumes as of August 2026

Further financial details are included as an appendix below.

Earnings Webcast

Freightos' management will host a webcast and conference call to discuss the results today, August 17, 2026, at 8:30 a.m. ET.

https://freightos.zoom.us/webinar/register/WN__BSW1OT9QhasPC2kadXZ9Q#/registration

Following registration, you will be sent the link to the conference call which is accessible either via the Zoom app, or alternatively from a dial-in telephone number.

Questions may be submitted in advance to [email protected] or via Zoom during the call.

A replay of the webcast, as well as the conference call transcript, will be available on Freightos' Investor Relations website following the call.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which include the financial outlook of Freightos, are based on various assumptions, whether or not identified in this press release, and on the current expectations of Freightos, and are not predictions of actual performance. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Freightos. These forward-looking statements are subject to a number of risks and uncertainties, including: disruptions to the international freight industry, including those caused by global economic trends and policy changes, such as increased tariffs and protectionist trade policies being implemented by the United States and other countries and their impact on shipping volume and, hence, number of Transactions, GBV and Platform revenue; ongoing and additional military conflicts in the Middle East, and their impact on the international shipping routes that including major air corridors and the Red Sea and Strait of Hormuz; competition; the ability of Freightos to build and maintain relationships with carriers, freight forwarders and importers/exporters; Freightos' ability to keep pace with rapid technological changes, particularly in artificial intelligence; changes in applicable laws or regulations; any downturn or volatility in economic conditions whether related to reduced international trade, inflation, armed conflict or otherwise; changes in the competitive environment affecting Freightos or its users, including Freightos' ability to introduce new products or technologies; risks to Freightos' ability to protect its intellectual property and avoid infringement by others, or claims of infringement against Freightos; disruptions and instability caused by Freightos' CEO transition, changes to its board of directors, and its other leadership changes; and those additional factors discussed under "Item 3.D. Risk Factors" in Freightos' annual report on Form 20-F for the year ended December 31, 2025, filed with the SEC on March 26, 2026, and any other risk factors Freightos includes in any subsequent reports of foreign private issuer on Form 6-K furnished to the SEC. If any of these risks materializes or Freightos' assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks of which Freightos is not aware presently or that Freightos currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect Freightos' expectations, plans or forecasts of future events and views as of the date of this press release. Freightos anticipates that subsequent events and developments will cause Freightos' assessments to change. However, while Freightos may elect to update these forward-looking statements at some point in the future, Freightos specifically disclaims any obligation to do so, except as may be required by law. These forward-looking statements should not be relied upon as representing Freightos' assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Financial Information; Non-IFRS Financial Measures

While certain financial figures included in this press release have been computed in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board, this press release does not contain sufficient information to constitute an interim financial report as defined in International Accounting Standards 34, "Interim Financial Reporting" nor a financial statement as defined by International Accounting Standards 1 "Presentation of Financial Statements".

This press release includes certain financial measures not presented in accordance with IFRS, including, but not limited to, Adjusted EBITDA. These non-IFRS measures differ from the most directly comparable measures determined under IFRS. For the historical non-IFRS results included herein, we have provided tables at the end of this press release providing a reconciliation of those results to our results achieved under the most directly comparable IFRS measures. For the forward-looking, non-IFRS data included under "Financial Outlook" (Adjusted EBITDA), we have not included the most directly comparable IFRS metric (i.e., IFRS loss), or a reconciliation between the two, because that IFRS data and that reconciliation cannot be prepared without unreasonable effort or with reasonable certainty. Our results and forecasts expressed as non-IFRS measures should not be considered in isolation or as an alternative to revenue, net income, cash flows from operations or other measures of profitability, liquidity or performance under IFRS. You should be aware that the presentation of these measures may not be comparable to similarly-titled measures used by other companies. Freightos believes that Adjusted EBITDA and other non-IFRS measures provide useful information to investors and others in understanding and evaluating Freightos' operating results because they provide supplemental measures of our core operating performance and offer consistency and comparability with both our own past financial performance and with corresponding financial information provided by peer companies. These non-IFRS measures are presented to permit investors and others to more fully understand how management assesses our performance for internal planning and forecasting purposes.

Certain monetary amounts, percentages and other figures included in this press release have been subject to rounding adjustments, and therefore may not sum due to rounding.

Glossary

We have provided below a glossary of certain terms used in this press release:

About Freightos

Freightos® is the leading digital infrastructure platform powering the international freight industry. Operating as a vendor-neutral network, Freightos connects airlines, ocean carriers, trucking carriers, freight forwarders, and importers and exporters of all sizes to bring transparency, efficiency, and resilience to global supply chains.

The Freightos platform digitalizes freight execution by transforming manual, fragmented processes into seamless, connected, and data-driven digital workflows. Freightos delivers integrated capabilities including procurement, pricing, quoting, booking, customs clearance, payments, and market intelligence across air, ocean, and road freight. By serving as the intelligence middleware layer that unifies data and workflows, Freightos empowers smarter operational decisions and enables market participants to transact, collaborate, and manage global shipments more effectively.

Used by thousands of logistics service providers and businesses around the world, Freightos combines software, network connectivity, transaction infrastructure, and market data into an interconnected digital ecosystem.

Contacts

Media:

Tamar Hartal

[email protected]

Investors:

Anat Earon-Heilborn

[email protected]

CONSOLIDATED BALANCE SHEETS

(in thousands)

June 30,

2026

December 31,

2025

(unaudited)

Assets

Current Assets:

Cash and cash equivalents

$ 13,311

$ 13,347

User funds

3,546

2,884

Trade receivables, net

4,671

3,773

Short-term bank deposit

8,058

14,546

Other receivables and prepaid expenses

1,292

1,559

30,878

36,109

Non-current Assets:

Property and equipment, net

271

284

Right-of-use assets, net

2,067

2,315

Intangible assets, net

5,478

6,792

Goodwill

14,745

14,809

Deferred taxes

520

560

Other long-term assets

1,815

1,827

24,896

26,587

Total assets

$ 55,774

$ 62,696

Liabilities and Equity

Current liabilities:

Current maturity of lease liabilities

$ 594

$ 627

Trade payables

4,664

5,103

User accounts

3,546

2,884

Warrants liabilities

702

2,223

Accrued expenses and other short-term liabilities

6,902

5,917

16,408

16,754

Long Term Liabilities:

Lease liabilities

1,572

1,745

Employee benefit liabilities, net

1,194

1,275

2,766

3,020

Equity:

Share capital

Share premium

268,503

266,583

Foreign currency translation reserve

135

288

Reserve from remeasurement of defined benefit plans

236

Accumulated deficit

(232,275)

(224,186)

Total equity

36,600

42,922

Total liabilities and equity

$ 55,774

$ 62,696

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except share and per share data)

Three Months Ended

Six Months Ended

June 30,

2026

2025

2026

2025

(unaudited)

Revenue

$ 7,691

$ 7,438

$ 14,847

$ 14,383

Cost of revenue

2,495

2,445

4,883

4,751

Gross profit

5,196

4,993

9,964

9,632

Operating expenses:

Research and development

2,762

3,031

5,685

5,914

Selling and marketing

2,928

3,853

6,503

7,536

General and administrative

3,052

2,623

6,061

5,377

Reorganization

1,488

Total operating expenses

8,742

9,507

19,737

18,827

Operating loss

(3,546)

(4,514)

(9,773)

(9,195)

Change in fair value of warrants

1,822

(285)

1,521

(508)

Finance income

248

578

469

1,153

Finance expenses

(74)

(19)

(135)

(134)

Finance income, net

174

559

334

1,019

Loss before taxes on income

(1,550)

(4,240)

(7,918)

(8,684)

Income taxes, net

171

Loss

(1,628)

(4,278)

(8,089)

(8,777)

Other comprehensive income (loss) (net of tax

effect):

Amounts that will be or that have been

reclassified to profit or loss when specific

conditions are met:

Adjustments arising from translating financial

statements of foreign operations

(40)

433

(153)

623

Total comprehensive loss

$ (1,668)

$ (3,845)

$ (8,242)

$ (8,154)

Basic and diluted loss per Ordinary share

$ (0.03)

$ (0.09)

$ (0.16)

$ (0.18)

Weighted average number of shares outstanding

used to compute basic and diluted loss per share

51,840,070

50,291,610

51,681,609

50,084,401

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Three Months Ended

Six Months Ended

June 30,

2026

2025

2026

2025

(unaudited)

Cash flows from operating activities:

Loss

$ (1,628)

$ (4,278)

$ (8,089)

$ (8,777)

Adjustments to reconcile net loss to net cash used in operating activities:

Adjustments to profit or loss items:

Depreciation and amortization

843

806

1,685

1,744

Change in fair value of warrants

(1,822)

285

(1,521)

508

Share-based compensation

672

811

1,733

1,508

Finance income, net

(174)

(559)

(334)

(1,019)

Income taxes, net

171

(403)

1,381

1,734

2,834

Changes in asset and liability items:

Decrease (increase) in user funds

(334)

(688)

1,261

Increase (decrease) in user accounts

334

(93)

688

(1,261)

Decrease (increase) in other receivables and prepaid expenses

123

(261)

228

(495)

Increase in trade receivables

(1,166)

(77)

(985)

(778)

Increase in other long-term assets

(40)

(73)

(40)

(73)

Increase (decrease) in trade payables

1,131

(74)

(379)

2,862

Increase (decrease) in accrued severance pay, net

(112)

Increase (decrease) in accrued expenses and other short-term liabilities

(202)

506

887

152

(151)

(401)

1,736

Cash received (paid) during the period for:

Interest received, net

777

111

793

1,644

Taxes received (paid), net

(117)

(76)

(22)

660

771

1,675

Net cash used in operating activities

(1,522)

(2,822)

(5,985)

(2,532)

Cash flows from investing activities:

Purchase of property and equipment

(22)

(58)

(39)

(74)

Proceeds from sale of property and equipment

Investment in long-term deposits

(12)

(5)

(12)

(123)

Withdrawal of long-term deposits

116

Investment in short-term bank deposit

(8,000)

(14,000)

(8,000)

Withdrawal of short-term bank deposit

14,000

12,000

Net cash provided by (used in) investing activities

6,002

(13,947)

5,991

11,944

Cash flows from financing activities:

Repayment of lease liabilities

(194)

(149)

(413)

(300)

Exercise of options

144

225

187

489

Net cash provided by (used in) financing activities

(50)

(226)

189

Exchange differences on balances of cash and cash equivalents

126

220

192

236

Gains from translation of cash and cash equivalents of foreign activity

(8)

Increase (decrease) in cash and cash equivalents

4,548

(16,456)

(36)

9,863

Cash and cash equivalents at the beginning of the period

8,763

36,437

13,347

10,118

Cash and cash equivalents at the end of the period

$ 13,311

$ 19,981

$ 13,311

$ 19,981

(a) Significant non-cash transactions:

Right-of-use asset recognized with corresponding lease liability

$ 62

$ 159

$ 1,172

Receivables on account of exercise of options

$ 34

RECONCILIATION OF IFRS TO NON-IFRS GROSS PROFIT AND GROSS MARGIN

(in thousands, except gross margin data)

Three Months Ended

Six Months Ended

June 30,

2026

2025

2026

2025

(unaudited)

IFRS gross profit

$ 5,196

$ 4,993

$ 9,964

$ 9,632

Add:

Share-based compensation

117

221

180

Depreciation and amortization

388

392

778

775

Non-IFRS gross profit

$ 5,701

$ 5,467

$ 10,963

$ 10,587

IFRS gross margin

67.6 %

67.1 %

67.0 %

Non-IFRS gross margin

74.1 %

73.5 %

73.8 %

73.6 %

RECONCILIATION OF IFRS LOSS TO ADJUSTED EBITDA

(in thousands , except adjusted EBITDA margin data)

Three Months Ended

Six Months Ended

June 30,

2026

2025

2026

2025

(unaudited)

IFRS loss

$ (1,628)

$ (4,278)

$ (8,089)

$ (8,777)

Add:

Change in fair value of warrants

(1,822)

285

(1,521)

508

Finance income, net

(174)

(559)

(334)

(1,019)

Income taxes, net

171

Share-based compensation

672

811

1,733

1,508

Depreciation and amortization

843

806

1,685

1,744

Reorganization

1,488

Adjusted EBITDA

$ (2,031)

$ (2,897)

$ (4,867)

$ (5,943)

Loss margin (under IFRS)

-21 %

-58 %

-54 %

-61 %

Adjusted EBITDA margin

-26 %

-39 %

-33 %

-41 %

RECONCILIATION OF IFRS LOSS TO NON-IFRS LOSS AND LOSS PER SHARE

(in thousands, except share and per share data)

Three Months Ended

Six Months Ended

June 30,

2026

2025

2026

2025

(unaudited)

IFRS loss

$ (1,628)

$ (4,278)

$ (8,089)

$ (8,777)

Add:

Share-based compensation

672

811

1,733

1,508

Depreciation and amortization

843

806

1,685

1,744

Reorganization

1,488

Change in fair value of warrants

(1,822)

285

(1,521)

508

Non IFRS loss

$ (1,935)

$ (2,376)

$ (4,704)

$ (5,017)

Non IFRS basic and diluted loss per Ordinary share

$ (0.04)

$ (0.05)

$ (0.09)

$ (0.10)

Weighted average number of shares outstanding used to

compute basic and diluted loss per share

51,840,070

50,291,610

51,681,609

50,084,401

SOURCE Freightos