Freightos Q2 2026 results show record GBV and profitability path
Aug 17, 2026, 7:03 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The company reported stronger top-line momentum (7.7M revenue, +3% YoY) and a meaningful reduction in losses (IFRS loss $1.6M; Adjusted EBITDA -$2.0M) alongside a robust GBV uplift of $422M and 458k transactions. The balance sheet remains solid with $21.4M cash, and the company reaffirmed a plan to breakeven adjusted EBITDA by year-end and generate cash by mid-2027. If the growth in GBV and volume sustains, and profitability milestones approach, CRGO could re-rate on improved cash flow visibility and reduced burn, particularly in a risk-off environment where downside is cushioned by cash.
AI summary
What happened, with direct paths to the underlying reporting
Freightos posted Q2 2026 revenue of $7.7M, with IFRS gross margin at 67.6% and a reduced IFRS loss of $1.6M; Adjusted EBITDA was -$2.0M. GBV reached $422M on 458k platform transactions, helped by Middle East route recovery, underscoring scale expansion and a path to profitability by mid-2027 aided by a $21.4M cash balance.
Q2 2026 revenue: $7.7M, up 3% YoY; margins improved.
Cash at June 30, 2026: $21.4M; targets EBITDA breakeven by year-end and cash generation by mid-2027.
GBV on Freightos platform: $422M; 458k transactions, +15% YoY.
ME route recovery supports volume, while overall headwinds persist in other parts.
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