What did Freightos (NASDAQ:CRGO) report in Q1 2026 earnings?

Freightos reported Q1 2026 revenue of $7.2 million, up 3% year over year. Platform transactions increased 15% to 425,000, while Gross Booking Value (GBV) surged 24% to $343 million. However, the company still reported an IFRS net loss of $6.5 million.

Why did Freightos’ (NASDAQ:CRGO) transaction value grow faster than transaction volume?

Gross Booking Value grew faster because shipping and air freight prices increased sharply due to Middle East geopolitical tensions and airspace restrictions. In simple terms, each shipment booked on the platform became more expensive on average. Higher freight rates boosted transaction value even though shipment volume growth slowed somewhat.

How did Middle East disruptions affect Freightos (NASDAQ:CRGO)?

Regional airspace restrictions and carrier rerouting disrupted some trade flows and reduced transaction growth below management’s original expectations. However, Freightos said non-Middle Eastern trade lanes grew faster than anticipated, helping offset some of the disruption. The company appears to have benefited indirectly from higher shipping prices caused by constrained capacity.

What is Gross Booking Value (GBV), and why does it matter for Freightos (NASDAQ:CRGO)?

GBV measures the total dollar value of freight bookings processed through the platform. It is important because it reflects marketplace activity and pricing trends across Freightos’ network. A rising GBV can indicate stronger platform relevance and transaction monetization, even if overall shipment volumes fluctuate.

Is Freightos (NASDAQ:CRGO) profitable yet?

No. Freightos reported an IFRS net loss of $6.5 million in Q1 2026, wider than the $4.5 million loss reported a year earlier. The larger loss was mainly tied to restructuring costs and workforce optimization expenses. However, adjusted EBITDA improved slightly to negative $2.8 million.

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Freightos gross booking value surges 24% as higher rates offset volume headwinds

Written by Heidi Cuthbert Published May. 26 2026Last Updated May. 26 2026

Freightos (NASDAQ:CRGO) reported mixed financial and operational metrics for the first quarter of 2026, as geopolitical tensions and airspace restrictions across the Middle East slowed core transaction growth while simultaneously driving up global shipping rates to support the logistics platform's overall transaction value.

The Jerusalem-based digital freight booking platform announced Tuesday that first-quarter consolidated revenue edged up 3% year-over-year to $7.2 million, compared to $6.9 million during the opening quarter of fiscal 2025.

The baseline expansion was driven primarily by stable booking activity across its WebCargo business unit and expanding data solutions subscriptions, which offset lower-than-anticipated software-as-a-service (SaaS) and customs transaction volumes.

The company's transactional metrics reflected structural resilience in alternative trade lanes.

Freightos facilitated 425,000 unique platform transactions during the three-month period ended March 31, 2026, representing a 15% increase year-over-year.

Management noted that while the absolute volume fell short of its initial target range due to regional carrier re-routings, non-Middle Eastern shipping routes expanded at a pace that surpassed internal expectations.

The total Gross Booking Value (GBV) processed through the network climbed 24% to $343 million, matching upper-quartile management projections.

The sharp divergence between a 15% volume gain and a 24% value surge stems directly from acute capacity constraints across primary commercial air and maritime lanes, which significantly inflated average contract pricing per transaction slot.

On a margin basis, Freightos reported an IFRS gross margin of 66.6%, down slightly from 66.8% in the first quarter of 2025.

Non-IFRS gross margins, which exclude stock-based compensation and amortization of intangible assets, reached 73.5% compared to 73.7% in the corresponding parallel period.

The platform's net IFRS loss for the first quarter widened to $6.5 million, compared to an IFRS net loss of $4.5 million in the prior-year period.

The expanded deficit was driven primarily by non-recurring internal reorganization costs and workforce optimization payouts executed earlier in the quarter.

Adjusted EBITDA improved marginally, landing at a negative $2.8 million versus negative $3.0 million a year ago.

Operationally, Freightos expanded its network depth, increasing its active airline and maritime carrier count to 79 partners, up from 71 carriers at the close of March 2025.

New marketplace additions during the quarter included Ethiopian Cargo and Air Serbia. Unique digital buyer users rose to approximately 20,600 across the consolidated footprint.

Freightos concluded the quarter with a stable cash cushion, holding $23.5 million in cash, cash equivalents, and short-term bank deposits.

Looking forward, management established formal financial guidance for the second quarter of 2026, projecting revenue between $7.2 million and $7.4 million, alongside transaction volumes ranging from 437,000 to 444,000.

For the full fiscal year 2026, the company expects consolidated revenue to land between $30.2 million and $31.4 million, with full-year adjusted EBITDA tracking toward a narrow loss of negative $6.9 million to negative $6.2 million.