Quarterly ResultMay 26, 2026, 07:42 AM
Freightos Q1 Revenue $7.2M, Adjusted EBITDA -$2.8M
AI Summary
Freightos Ltd reported Q1 2026 revenue of $7.2 million, a 3% increase year-over-year, and an improved Adjusted EBITDA of negative $2.8 million. However, the IFRS loss widened to $6.5 million due to reorganization expenses. The company saw strong operational growth with transactions up 15% and Gross Booking Value up 24%. Despite a challenging global freight environment, Freightos adjusted its full-year revenue guidance downwards but maintained its Adjusted EBITDA guidance, aiming for breakeven by the end of 2026.
Key Highlights
- Q1 2026 Revenue was $7.2 million, a 3% increase compared to $6.9 million in Q1 2025.
- Q1 2026 Adjusted EBITDA was negative $2.8 million, an improvement from negative $3.0 million in Q1 2025.
- Q1 2026 IFRS loss was $6.5 million, compared to $4.5 million in Q1 2025, primarily due to reorganization expenses.
- Freightos platform facilitated 425k transactions in Q1 2026, up 15% year-over-year.
- Gross Booking Value (GBV) reached $343 million for Q1 2026, up 24% from Q1 last year.
- Cash and cash equivalents and short-term bank deposit balance was $23.5 million at the end of March 2026.
- FY 2026 Revenue guidance was adjusted to $30.2-$31.4 million, reflecting 3%-6% year-over-year growth.
- FY 2026 Adjusted EBITDA guidance was maintained at negative $6.9-$6.2 million, targeting breakeven by year-end.
Price Impact
More from CRGO