Freightos Reports Q2 Earnings: Revenue Up, Adjusted EBITDA Narrows
Freightos (CRGO) reported second-quarter revenue of $7.7 million in its August 17 earnings call for the quarter ended June 30, 2026. The increase was driven by strong performance from the Platform segment, which grew to $2.9 million or 19% year-over-year due to higher customs transaction activity through Clearit. However, Solutions revenue declined 4%, attributed to internal execution gaps and pricing pressures during contract renewals. The company reported an adjusted EBITDA loss of $2 million for the quarter, a significant improvement from -$2.9 million in Q2 2025. Gross Booking Value (GBV) reached $422 million, up 33% year-over-year due to increased transaction volume and air freight rates that are now 25% higher than pre-conflict levels. Management stated the company has sufficient cash reserves of $21.4 million as it aims for adjusted EBITDA breakeven in Q4 2026. Freightos provided full-year guidance with revenue expected to range between $30.4 million and $31 million, along with GBV projected at $1.5 billion to $1.56 billion. The company is also working on the ONE Freightos initiative to unify its product lines into a single platform identity.
Topics: adjusted_ebitda cash_position gross_booking_value platform_performance revenue transactions