Freightos (NASDAQ:CRGO) Releases Earnings Results, Beats Estimates By $0.02 EPS

Freightos (NASDAQ:CRGO) announced its quarterly earnings data on Monday. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02, Zacks reports. Freightos had a negative return on equity of 44.81% and a negative net margin of 65.65%.The business had revenue of $7.69 million for the quarter, compared to analyst estimates of $7.32 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 Stock Down 6.0%

Freightos stock opened at $1.57 on Wednesday. The business’s 50-day moving average price is $1.36 and its 200 day moving average price is $1.65. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.04. The firm has a market cap of $80.67 million, a price-to-earnings ratio of -4.76 and a beta of 0.36. Freightos has a 52 week low of $1.14 and a 52 week high of $4.24.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Freightos in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $3.00.

Hedge Funds Weigh In On Freightos

Several institutional investors have recently made changes to their positions in the company. Essex Investment Management Co. LLC lifted its stake in shares of Freightos by 100.3% in the 4th quarter. Essex Investment Management Co. LLC now owns 618,564 shares of the company’s stock valued at $1,410,000 after purchasing an additional 309,746 shares during the period. Topline Capital Management LLC purchased a new position in Freightos in the second quarter valued at $658,000. Mink Brook Asset Management LLC raised its position in shares of Freightos by 43.1% in the fourth quarter. Mink Brook Asset Management LLC now owns 242,352 shares of the company’s stock worth $553,000 after acquiring an additional 73,001 shares during the period. 683 Capital Management LLC acquired a new position in shares of Freightos in the fourth quarter worth about $327,000. Finally, Citadel Advisors LLC boosted its stake 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 acquiring an additional 14,624 shares in the last quarter. 22.72% of the stock is owned by hedge funds and other institutional investors.

More Freightos News

Here are the key news stories impacting Freightos this week:

• Positive Sentiment: Freightos reported second-quarter revenue of $7.69 million, ahead of the approximately $7.54 million analyst consensus. Its adjusted loss of $0.03 per share was also narrower than the expected $0.04 loss, providing the primary catalyst for the stronger stock performance. Freightos quarterly earnings report
• Positive Sentiment: Management highlighted the strength of Freightos’ digital freight platform and a potential path toward breakeven. The company’s strategy is increasingly focused on converting freight pricing and artificial-intelligence capabilities into more transactions, bookings and revenue growth. Freightos earnings call highlights
• Neutral Sentiment: Freightos projected third-quarter 2026 revenue of $7.7 million to $7.8 million, compared with an analyst estimate of $7.8 million. Full-year revenue guidance of $30.4 million to $31.0 million brackets the $30.7 million consensus, suggesting an outlook broadly in line with expectations.
• Neutral Sentiment: The company appointed Yaron Eldad as chief financial officer, effective September 1. The new CFO will join CEO Pablo Pinillos and the executive leadership team; the appointment may support financial discipline as Freightos works toward breakeven, but no immediate financial impact was disclosed. Freightos appoints Yaron Eldad CFO
• Negative Sentiment: Despite the earnings beat, Freightos continues to post significant losses, including a negative net margin of 65.65% and negative return on equity of 44.81%. Investors will likely look for evidence that platform growth and transaction volumes can reduce losses rather than merely increase revenue.

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.