Freightos (CRGO) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 revenue of $7.7 million, exceeding expectations, with platform revenue up 19% year-over-year and solutions revenue down 4%.

• Adjusted EBITDA loss improved to -$2 million, the lowest on record, reflecting disciplined cost management.

• Platform facilitated 458,000 transactions (up 16% year-over-year) and gross booking value reached $422 million (up 33%).

• Strategic focus on disciplined execution, tighter prioritization, and building a foundation for long-term growth.

• Appointment of new CFO, Yaron Eldad, effective September 1st, to strengthen leadership.

Financial highlights

• Total Q2 revenue up 3% year-over-year to $7.7 million, driven by platform revenue outperformance.

• Non-IFRS gross margin improved to 74.1% from 73.5% in Q2 last year; IFRS gross margin rose to 67.6%.

• IFRS net loss narrowed to $1.6 million from $4.3 million in Q2 2025.

• Adjusted EBITDA loss improved to $2.0 million from $2.9 million year-over-year.

• Ended Q2 with $21.4 million in cash and short-term deposits, down from $23.5 million in Q1.

Outlook and guidance

• Q3 revenue expected at $7.7–$7.8 million; full-year revenue guidance narrowed to $30.4–$31.0 million.

• Full-year transaction growth revised to 12–14% year-over-year; GVP guidance raised to 19–21% growth.

• Adjusted EBITDA guidance: -$1.3 million to -$1.2 million in Q3, loss below $1 million in Q4, breakeven expected during Q4.

• Cash flow positive expected within one to two quarters after breakeven, by mid-2027.

• Management maintains a cautious outlook amid ongoing geopolitical and market uncertainties.