Freightos Limited Ordinary shares (CRGO)

Trans-Pacific container shipping rates remain high due to geopolitical tensions, particularly regarding the Strait of Hormuz and Red Sea, and unexpected demand. Data from Freightos shows increases in Asia-U.S. West Coast and East Coast prices, influenced by an early peak season, potential tariff hikes, and carrier capacity reductions. Despite some optimism over a gradual return to normal container traffic in certain waterways, factors like port congestion continue to support elevated rates.

Freightos Limited (CRGO) reported mixed Q2 2026 results, with record revenue of $7.7 million and significant increases in gross booking value and transactions, indicating strong platform demand. Despite this volume growth, revenue growth was slower, raising questions about monetization and pricing power. The company showed progress towards profitability with improved gross margins and a narrowed adjusted EBITDA loss, supported by $21 million in cash, which provides liquidity for future growth and reaching breakeven.

Freightos Limited (CRGO) reported mixed but constructive Q2 2026 results, with record revenue of $7.7 million and significant increases in gross booking value and transactions. While volume growth is strong, revenue growth is slower, raising questions about monetization and the company's take rates. Despite this, Freightos showed improved profitability trends, narrowing its IFRS loss and adjusted EBITDA loss, and maintaining $21 million in cash, signaling progress towards breakeven.

Freightos (CRGO) reported Q2 2026 earnings, achieving record revenues of $7.7 million and its narrowest adjusted EBITDA loss of negative $2 million, exceeding expectations due to strong Platform segment performance. The company is undergoing a "ONE Freightos" initiative to unify its product offerings and improve execution, aiming for adjusted EBITDA breakeven by Q4 2026 and cash generation by mid-2027. Despite a decline in Solutions revenue due to past execution gaps and pricing pressures, Freightos is focused on converting its healthy pipeline into bookings and continues to strengthen its network with additions like Korean Air.

Freightos (NASDAQ: CRGO) reported record second-quarter revenue of $7.7 million and significantly narrowed its adjusted EBITDA loss to $2 million. The digital freight platform reaffirmed its goal to achieve adjusted EBITDA breakeven in Q4 2026 and become cash generative by mid-2027. The company saw platform revenue increase 90% year-over-year, facilitated 458,000 transactions, and is expanding into ocean freight and procurement workflows, ending the quarter with $21.4 million in cash.