Freightos Ltd Financials

CRGOW

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Freightos Ltd (CRGOW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CRGOW FY2025 2026-04-22

Revenue growth is gradually outpacing cash burn, leaving a lightly leveraged balance sheet financed more by equity than debt.

Over the period shown, free-cash-flow margin improved from -157.5% to -30.6% while capex stayed tiny, so the cash-burn improvement came from a less loss-intensive operating model rather than from postponing investment. That matters because operating cash flow and free cash flow were nearly the same in the latest year at -$8.9M and -$9.0M, which signals cash needs driven mainly by operations, not by heavy asset buildout.

The balance sheet looks lightly debt-funded, with debt-to-equity at 0.04x. Meanwhile, shares outstanding rose from 36.1M to 51.4M, suggesting liquidity has been repaired with equity issuance more than borrowing, which reduces solvency pressure but spreads the business across more owners.

Near-term liquidity is steadier than the income statement alone suggests, with a current ratio of 2.2x and cash of $13.3M. Because total assets shrank while revenue kept rising, the company appears able to support more sales without a matching increase in asset intensity.

Financial Health Signals

Financial health score pending refresh

We are recalculating Freightos Ltd's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

3/8

Freightos Ltd passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.51x

For every $1 of reported earnings, Freightos Ltd generates $0.51 in operating cash flow (-$8.9M OCF vs -$17.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$29.5M

YoY+23.9%

5Y CAGR+28.2%

Freightos Ltd generated $29.5M in revenue in fiscal year 2025. This represents an increase of 23.9% from the prior year.

EBITDA

N/A

Net Income

-$17.5M

YoY+22.1%

Freightos Ltd reported -$17.5M in net income in fiscal year 2025. This represents an increase of 22.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$9.0M

YoY+25.9%

Freightos Ltd generated -$9.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 25.9% from the prior year.

Cash & Debt

$13.3M

YoY+31.9%

5Y CAGR-9.4%

Freightos Ltd held $13.3M in cash against $1.7M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

51M

YoY+3.3%

Freightos Ltd had 51M shares outstanding in fiscal year 2025. This represents an increase of 3.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-59.5%

YoY+35.1pp

5Y CAGR+107.1pp

Freightos Ltd's net profit margin was -59.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 35.1 percentage points from the prior year.

Return on Equity

-40.8%

YoY+0.2pp

5Y CAGR+35.9pp

Freightos Ltd's ROE was -40.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$135K

YoY+181.3%

5Y CAGR+19.2%

Freightos Ltd invested $135K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 181.3% from the prior year.

CRGOW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$29.5M+23.9%	$23.8M+17.3%	$20.3M+6.3%	$19.1M+71.7%	$11.1M+30.6%	$8.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$130K+56.6%	$83K+137.1%	$35K-28.6%	$49K-3.9%	$51K+142.9%	$21K
Income Tax	$146K-76.1%	$612K+820.0%	-$85K-150.3%	$169K+4125.0%	$4K-98.5%	$259K
Net Income	-$17.5M+22.1%	-$22.5M+65.6%	-$65.5M-165.1%	-$24.7M-51.0%	-$16.4M-15.4%	-$14.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CRGOW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$62.7M-15.0%	$73.8M-15.9%	$87.7M+109.7%	$41.8M-22.7%	$54.1M	N/A
Current Assets	$36.1M-21.7%	$46.1M-22.8%	$59.7M+360.4%	$13.0M-64.8%	$36.8M	N/A
Cash & Equivalents	$13.3M+31.9%	$10.1M-49.8%	$20.2M+210.6%	$6.5M-74.1%	$25.1M+14.6%	$21.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$14.8M-1.5%	$15.0M-3.8%	$15.6M0.0%	$15.6M+94.8%	$8.0M	N/A
Total Liabilities	$19.8M+4.7%	$18.9M+20.8%	$15.6M-61.0%	$40.1M+109.6%	$19.2M	N/A
Current Liabilities	$16.8M-3.2%	$17.3M+26.7%	$13.7M-20.0%	$17.1M+6.8%	$16.0M	N/A
Long-Term Debt	$1.7M+414.7%	$339K-52.4%	$712K+80.3%	$395K-63.7%	$1.1M	N/A
Total Equity	$42.9M-21.8%	$54.9M-23.8%	$72.0M+4239.9%	$1.7M-95.2%	$34.9M+89.0%	$18.5M
Retained Earnings	-$224.2M-8.5%	-$206.7M-12.2%	-$184.2M-55.2%	-$118.7M-26.3%	-$94.0M	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21
Total Assets	$62.7M-12.5%	$71.6M-2.9%	$73.8M-10.2%	$82.2M-6.3%	$87.7M-9.8%	$97.2M+132.5%	$41.8M-22.7%	$54.1M
Current Assets	$36.1M-17.6%	$43.8M-4.9%	$46.1M-16.8%	$55.4M-7.2%	$59.7M-13.3%	$68.9M+431.1%	$13.0M-64.8%	$36.8M
Cash & Equivalents	$13.3M-33.2%	$20.0M+97.5%	$10.1M-51.8%	$21.0M+4.1%	$20.2M+117.0%	$9.3M+43.2%	$6.5M-74.1%	$25.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$14.8M-3.5%	$15.3M+2.0%	$15.0M-3.8%	$15.6M0.0%	$15.6M0.0%	$15.6M0.0%	$15.6M+94.8%	$8.0M
Total Liabilities	$19.8M-13.5%	$22.9M+21.1%	$18.9M+5.8%	$17.8M+14.1%	$15.6M-19.5%	$19.4M-51.6%	$40.1M+109.6%	$19.2M
Current Liabilities	$16.8M-17.7%	$20.4M+17.6%	$17.3M+8.3%	$16.0M+16.9%	$13.7M-2.3%	$14.0M-18.1%	$17.1M+6.8%	$16.0M
Long-Term Debt	$1.7M+51.1%	$1.2M+240.7%	$339K-28.0%	$471K-33.8%	$712K+252.5%	$202K-48.9%	$395K-63.7%	$1.1M
Total Equity	$42.9M-12.0%	$48.8M-11.2%	$54.9M-14.6%	$64.3M-10.7%	$72.0M-7.4%	$77.8M+4585.8%	$1.7M-95.2%	$34.9M
Retained Earnings	-$224.2M-4.1%	-$215.4M-4.2%	-$206.7M-6.5%	-$194.1M-5.4%	-$184.2M-6.0%	-$173.7M-46.3%	-$118.7M-26.3%	-$94.0M

CRGOW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$8.9M+26.7%	-$12.1M+55.3%	-$27.1M-81.8%	-$14.9M+13.9%	-$17.3M-109.4%	-$8.3M
Capital Expenditures	$135K+181.3%	$48K-40.0%	$80K-68.1%	$251K+38.7%	$181K+223.2%	$56K
Free Cash Flow	-$9.0M+25.9%	-$12.1M+55.3%	-$27.2M-79.3%	-$15.2M+13.4%	-$17.5M-110.1%	-$8.3M
Investing Cash Flow	$11.6M+459.6%	$2.1M+106.5%	-$32.2M-546.5%	-$5.0M-9.4%	-$4.5M-6987.9%	$66K
Financing Cash Flow	-$22K-125.9%	$85K-99.9%	$73.2M+3771.8%	$1.9M-92.5%	$25.2M+9340.3%	-$273K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CRGOW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-59.5%+35.1pp	-94.6%+228.3pp	-322.8%-193.4pp	-129.4%+17.7pp	-147.1%+19.4pp	-166.6%
Return on Equity	-40.8%+0.2pp	-41.0%+49.9pp	-90.9%+1397.1pp	-1488.0%-1441.2pp	-46.9%+29.9pp	-76.7%
Return on Assets	-27.9%+2.5pp	-30.5%+44.2pp	-74.7%-15.6pp	-59.1%-28.8pp	-30.3%	N/A
Current Ratio	2.16-0.5	2.66-1.7	4.37+3.6	0.76-1.5	2.30	N/A
Debt-to-Equity	0.04+0.0	0.010.0	0.01-0.2	0.24+0.2	0.03	N/A
FCF Margin	-30.6%+20.5pp	-51.1%+82.9pp	-134.0%-54.6pp	-79.4%+78.0pp	-157.5%-59.6pp	-97.9%

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.160.0	2.15-0.5	2.66-0.8	3.47-0.9	4.37-0.6	4.92+4.2	0.76-1.5	2.30
Debt-to-Equity	0.04+0.0	0.02+0.0	0.010.0	0.010.0	0.010.0	0.00-0.2	0.24+0.2	0.03
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Freightos Ltd's annual revenue?

Freightos Ltd (CRGOW) reported $29.5M in total revenue for fiscal year 2025. This represents a 23.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Freightos Ltd's revenue growing?

Freightos Ltd (CRGOW) revenue grew by 23.9% year-over-year, from $23.8M to $29.5M in fiscal year 2025.

Is Freightos Ltd profitable?

No, Freightos Ltd (CRGOW) reported a net income of -$17.5M in fiscal year 2025, with a net profit margin of -59.5%.

How much debt does Freightos Ltd have?

As of fiscal year 2025, Freightos Ltd (CRGOW) had $13.3M in cash and equivalents against $1.7M in long-term debt.

What is Freightos Ltd's net profit margin?

Freightos Ltd (CRGOW) had a net profit margin of -59.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Freightos Ltd's return on equity (ROE)?

Freightos Ltd (CRGOW) has a return on equity of -40.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Freightos Ltd's free cash flow?

Freightos Ltd (CRGOW) generated -$9.0M in free cash flow during fiscal year 2025. This represents a 25.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Freightos Ltd's operating cash flow?

Freightos Ltd (CRGOW) generated -$8.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Freightos Ltd's total assets?

Freightos Ltd (CRGOW) had $62.7M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Freightos Ltd's capital expenditures?

Freightos Ltd (CRGOW) invested $135K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Freightos Ltd have outstanding?

Freightos Ltd (CRGOW) had 51M shares outstanding as of fiscal year 2025.

What is Freightos Ltd's current ratio?

Freightos Ltd (CRGOW) had a current ratio of 2.16 as of fiscal year 2025, which is generally considered healthy.

What is Freightos Ltd's debt-to-equity ratio?

Freightos Ltd (CRGOW) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Freightos Ltd's return on assets (ROA)?

Freightos Ltd (CRGOW) had a return on assets of -27.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Freightos Ltd's cash runway?

Based on fiscal year 2025 data, Freightos Ltd (CRGOW) had $13.3M in cash against an annual operating cash burn of $8.9M. This gives an estimated cash runway of approximately 18 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Freightos Ltd's Piotroski F-Score?

Freightos Ltd (CRGOW) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Freightos Ltd's earnings high quality?

Freightos Ltd (CRGOW) has an earnings quality ratio of 0.51x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.