Freightos Q2 revenue hits record, loss narrows as Mideast activity resumes

Freightos

17/08/2026 12:09

Overview
Spain-based global freight platform's Q2 revenue rose 3% yr/yr to record $7.7 mln
Adjusted EBITDA loss narrowed to $2.0 mln from $2.9 mln a year earlier
Growth driven by resumed Middle East activity and higher customs transaction revenue; SaaS lagged

Outlook
Freightos expects Q3 2026 revenue of $7.7 mln to $7.8 mln
Company sees full-year 2026 revenue of $30.4 mln to $31.0 mln
Freightos aims for adjusted EBITDA breakeven by year-end and to become cash generative by mid-2027

Result Drivers
MIDDLE EAST RECOVERY - Resumed activity on Middle East routes drove higher transaction volumes, offsetting disruption from military conflict
ELEVATED AIR FREIGHT RATES - Gross booking value benefited from air freight rates remaining about 25% above pre-conflict levels
CUSTOMS TRANSACTIONS - Higher than expected revenue from customs transactions contributed to revenue growth

Company press release: ID:nPn9p5gYGa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$7.69 mln
$7.30 mln (2 Analysts)
Q2 Loss Per Share
 
$0.03
 
Q2 Pretax Loss
Beat
$1.55 mln
$3.19 mln (1 Analyst)
Q2 Gross Profit
 
$5.20 mln
 
Q2 Operating Expenses
 
$8.74 mln
 
Q2 Operating Income
 
-$3.55 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy"
Wall Street's median 12-month price target for Freightos Ltd is $2.80, about 107.4% above its August 14 closing price of $1.35

Reuters Recommended Reads
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Aug 14 - Japan's FiEE Q2 profit turns positive as revenue jumps on SaaS expansion
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)