Freightos (NASDAQ:CRGO) Announces Earnings Results

Freightos (NASDAQ:CRGO) issued its earnings results on Monday. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01, Zacks reports. Freightos had a negative return on equity of 44.81% and a negative net margin of 65.65%.The company had revenue of $7.69 million during the quarter, compared to analyst estimates of $7.54 million.

Here are the key takeaways from Freightos’ conference call:

• Q2 revenue reached a record $7.7 million, up 3% year over year, while platform revenue grew 19% to $2.9 million. Transactions increased 16% to 458,000 and gross booking value rose 33% to a record $422 million.
• Solutions revenue declined 4% year over year to $4.8 million, pressured by insufficient new bookings, pricing pressure on renewals, and customer budget constraints. Management said converting its 30% quarter-over-quarter pipeline growth into bookings and recurring revenue remains a key execution gap.
• The company added Korean Air to its network and said underlying transaction growth excluding Middle East-affected routes remains within its long-term 20%-30% model. Full-year transaction growth guidance was raised to 12%-14%, while gross booking value growth guidance improved to 19%-21%.
• Adjusted EBITDA loss improved to $2 million, and management expects to cross adjusted EBITDA breakeven during Q4 2026, exit the year at a breakeven run rate, and become cash-generative in the first half of 2027. Cost-optimization actions are expected to deliver their full financial benefit in Q4.
• Freightos ended Q2 with $21.4 million in cash and short-term deposits, down $2.1 million from Q1. Q3 revenue is expected at $7.7 million-$7.8 million, while full-year revenue guidance was narrowed to $30.4 million-$31.0 million, partly because the tariff-refund activity that boosted Q2 platform revenue is expected to fade.

Freightos Price Performance

Shares of CRGO opened at $1.67 on Tuesday. The firm has a market capitalization of $85.80 million, a price-to-earnings ratio of -4.28 and a beta of 0.36. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.85 and a current ratio of 1.85. Freightos has a one year low of $1.14 and a one year high of $4.24. The stock’s fifty day moving average is $1.36 and its 200-day moving average is $1.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Freightos in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.00.

Institutional Investors Weigh In On Freightos

Several institutional investors have recently bought and sold shares of CRGO. Hudson Bay Capital Management LP acquired a new position in Freightos during the 4th quarter valued at about $32,000. Citadel Advisors LLC raised its position in shares of Freightos by 24.4% during the 3rd quarter. Citadel Advisors LLC now owns 74,671 shares of the company’s stock worth $246,000 after buying an additional 14,624 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Freightos by 116.5% in the 3rd quarter. Millennium Management LLC now owns 30,711 shares of the company’s stock worth $101,000 after acquiring an additional 16,525 shares during the period. Jane Street Group LLC lifted its stake in shares of Freightos by 183.8% in the 1st quarter. Jane Street Group LLC now owns 30,788 shares of the company’s stock worth $74,000 after acquiring an additional 19,938 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Freightos in the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 22.72% of the company’s stock.

Key Freightos News

Here are the key news stories impacting Freightos this week:

• Positive Sentiment: Freightos reported a second-quarter loss of $0.03 per share, narrower than the consensus estimate of a $0.05 loss. The better-than-expected result helped support the stock and prompted reports of a sharp gain in the shares. Freightos shares surge 14% as Q2 loss beats expectations
• Positive Sentiment: The company’s results highlight the potential for greater adoption of digital freight pricing, booking and procurement tools as logistics becomes more data-driven. Coverage also emphasized how transaction growth could be the starting point for Freightos to capture value from artificial intelligence in global freight. Freightos Shows the AI Freight Payoff Starts With Transactions
• Neutral Sentiment: Freightos guided for third-quarter 2026 revenue of $7.7 million to $7.8 million, compared with the $7.8 million consensus estimate. Full-year revenue guidance of $30.4 million to $31.0 million brackets the $30.7 million consensus, suggesting expectations were largely maintained rather than materially raised or lowered.
• Neutral Sentiment: Freightos appointed Yaron Eldad as chief financial officer, effective September 1, succeeding the current finance leadership. The change may improve financial oversight, but it is not immediately associated with a change to the company’s outlook. Freightos Appoints Yaron Eldad as Chief Financial Officer

Freightos Company Profile

Freightos, trading under the symbol CRGO on Nasdaq, operates a digital booking platform designed to streamline international freight logistics. The company’s core offering, the Freightos Marketplace, allows shippers and freight forwarders to compare and book air, ocean and trucking services online, providing rate transparency and live booking capabilities. By aggregating quotes from a global network of carriers and forwarders, Freightos enables customers to secure competitive prices and manage bookings through a single interface.

In addition to its marketplace, Freightos offers a suite of SaaS solutions for logistics professionals.