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Freightos Reports Fourth Quarter and Full Year 2025 Results

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Freightos (NASDAQ: CRGO) reported Q4 2025 revenue of $7.4M (+12% YoY) and full‑year 2025 revenue of $29.5M (+24% YoY). Cash and equivalents totaled $27.9M at year end, and management says the company is on track to breakeven by end-2026. Q4 transactions reached 445k and full‑year GBV was $1.29B (+44% YoY). Management issued FY2026 guidance: revenue $31.2–32.8M and Adjusted EBITDA (loss) $(6.9)–(6.2)M.

The quarter showed improving Adjusted EBITDA versus prior year but an IFRS loss of $3.8M in Q4 and $17.5M for 2025; foreign exchange pressured margins in H2.

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Positive

  • Full‑year revenue +24% to $29.5M
  • Full‑year GBV +44% to $1.29B
  • Q4 transactions 445k, +27% YoY (record quarter)
  • Year‑end cash balance $27.9M enabling plans to reach breakeven

Negative

  • IFRS loss of $17.5M for full year 2025
  • Adjusted EBITDA negative $11.2M in 2025
  • Q4 IFRS Gross Margin declined to 64.1% from 67.6% in Q4 2024

News Market Reaction – CRGO

-30.18% 5.5x vol
27 alerts
-30.18% News Effect
-24.5% Trough in 4 hr 7 min
-$49M Valuation Impact
$114M Market Cap
5.5x Rel. Volume

On the day this news was published, CRGO declined 30.18%, reflecting a significant negative market reaction. Argus tracked a trough of -24.5% from its starting point during tracking. Our momentum scanner triggered 27 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $49M from the company's valuation, bringing the market cap to $114M at that time. Trading volume was exceptionally heavy at 5.5x the daily average, suggesting significant selling pressure.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Q4 2025 Revenue: $7.4M FY 2025 Revenue: $29.5M Year-end Cash: $27.9M +5 more
8 metrics
Q4 2025 Revenue $7.4M Fourth quarter 2025 revenue, 12% year-over-year growth vs Q4 2024
FY 2025 Revenue $29.5M Full year 2025 revenue, 24% year-over-year growth vs 2024
Year-end Cash $27.9M Cash, cash equivalents and short term bank deposit at Dec 31, 2025
FY 2025 IFRS Loss $17.5M Full year 2025 IFRS net loss vs $22.5M loss in prior year
FY 2025 Adjusted EBITDA -$11.2M Full year 2025 Adjusted EBITDA vs -$12.6M in 2024
Q4 2025 Transactions 445k Fourth quarter 2025 transactions, 27% year-over-year growth
FY 2025 Transactions 1.6 million Approximate full year 2025 transactions, 26% year-over-year growth
FY 2025 GBV $1.29B Full year 2025 Gross Booking Value, 44% year-over-year growth

Market Reality Check

Price: $1.32 Vol: Volume 38,500 is below 20...
low vol
$1.32 Last Close
Volume Volume 38,500 is below 20-day average 72,482 (relative volume 0.53), suggesting limited positioning ahead of earnings. low
Technical Shares at 2.22 trade below the 200-day MA of 2.81, 47.76% under the 52-week high 4.25 and 29.2% above the 52-week low 1.7182.

Peers on Argus

CRGO was up 1.83% with light volume, while peers showed mixed moves: BTOC appear...
1 Up 2 Down

CRGO was up 1.83% with light volume, while peers showed mixed moves: BTOC appeared in momentum scanners up 10.13%, FLX was down 6.98%, and JYD down 2.92%. Other freight/logistics peers like PAL, SFWL, FLX, and BTOC in the broader list were generally positive, but the mixed scanner signals indicate this earnings release was more stock-specific than a clean sector rotation.

Previous Earnings Reports

5 past events · Latest: Nov 17 (Positive)
Same Type Pattern 5 events
Date Event Sentiment Move Catalyst
Nov 17 Q3 2025 earnings Positive -13.9% Reported strong Q3 2025 revenue and margin gains with improving EBITDA loss.
Aug 18 Q2 2025 earnings Positive +11.1% Q2 2025 results with 31% revenue growth and record transactions and GBV.
May 20 Q1 2025 earnings Positive +14.8% Q1 2025 beat expectations with 30% revenue growth and record transactions.
Feb 24 Q4/FY 2024 earnings Positive -7.1% Q4 2024 and FY results showed strong growth but sizable IFRS losses.
Nov 25 Q3 2024 earnings Positive -11.4% Q3 2024 delivered 21% revenue growth and record GBV and transactions.
Pattern Detected

Earnings releases have generally highlighted strong growth, but share reactions have skewed negative or mixed, with more divergences than alignments between positive fundamentals and next-day price moves.

Recent Company History

Across the last five earnings releases from Nov 2024 through Nov 2025, Freightos consistently reported double‑digit revenue growth, expanding Gross Booking Value, and record transaction volumes. Despite this, three of those events saw negative next‑day price reactions, while only two moved higher. The current Q4/FY 2025 report continues the narrative of revenue and GBV growth with ongoing losses, fitting into a pattern where strong operating KPIs have not always translated into immediate share price strength.

Historical Comparison

-1.3% avg move · Past earnings releases for CRGO produced an average move of -1.31%, showing that solid growth update...
earnings
-1.3%
Average Historical Move earnings

Past earnings releases for CRGO produced an average move of -1.31%, showing that solid growth updates have often been met with cautious or mixed price responses.

Earnings from late 2024 through 2025 show a steady progression: Q3 2024 through Q3 2025 all delivered double‑digit revenue growth, record transactions, and expanding GBV. Management has repeatedly emphasized a path to breakeven by end of 2026, and this Q4/FY 2025 release continues that trajectory with higher annual revenue and improved but still negative EBITDA and IFRS loss.

Market Pulse Summary

The stock dropped -30.2% in the session following this news. A negative reaction despite solid top-l...
Analysis

The stock dropped -30.2% in the session following this news. A negative reaction despite solid top-line growth would fit prior patterns, where earnings moves averaged -1.31% and several strong reports saw declines. FY 2025 still showed an IFRS loss of $17.5M and Adjusted EBITDA of -$11.2M, which can weigh on sentiment. Trading below the 200-day MA of 2.81 and well under the 4.25 52-week high, past earnings selloffs suggest the market often focuses on ongoing losses and execution risk.

Key Terms

ifrs, non-ifrs, adjusted ebitda, gross booking value
4 terms
ifrs financial
"IFRS Gross Margin of 64.1%, compared to 67.6% in the fourth quarter of 2024."
International Financial Reporting Standards (IFRS) are a set of common accounting rules used by many companies worldwide to prepare financial statements, so numbers like revenue, profit and assets are measured in the same way across borders. For investors, IFRS matters because it makes it easier to compare the financial health and performance of different companies—like using the same ruler to measure different objects—reducing surprises and helping informed investment decisions.
non-ifrs financial
"Non-IFRS Gross Margin of 72.7%, compared to 74.3% in the fourth quarter of 2024."
Non-IFRS refers to financial measures that companies report outside the standard accounting rules set by the International Financial Reporting Standards; these figures exclude or adjust certain items such as one-time costs, stock-based pay, or restructuring charges. Investors care because non-IFRS numbers try to show the business’s underlying performance — like a chef presenting a dish with optional toppings removed to highlight the core flavor — but they can be shaped to look more favorable, so compare them with the official IFRS statements.
adjusted ebitda financial
"Adjusted EBITDA of negative $2.7 million, compared to negative $3.1 million..."
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
gross booking value financial
"The total value of transactions processed on the Freightos platform, or GBV, reached $357M..."
Gross booking value is the total dollar amount of transactions or orders processed through a platform before subtracting refunds, cancellations, fees or payments to third parties. Think of it as the full price tag of everything sold in a store rather than the store’s actual take-home pay. Investors watch it to gauge customer demand and platform scale, but they also compare it with net revenue and take-rates to understand how much of that activity turns into real profit.

AI-generated analysis. Not financial advice.

  • Fourth Quarter Revenue Up 12% year-over-year, Full Year Revenue Up 24%
  • Year-End Cash of $28M; On track to Breakeven by Year-End 2026

BARCELONA, Spain, Feb. 23, 2026 /PRNewswire/ - Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral digital booking and payment platform for the international freight industry, today reported financial results for the quarter and year ended December 31, 2025.

Freightos Logo

"We delivered fourth quarter results in line with guidance. For full year 2025, revenue grew 24%, and although foreign exchange headwinds pressured Adjusted EBITDA from the second quarter onward, our burn rate was unaffected and we ended the year with a cash position that fully funds our plans and enables us to reach breakeven by the end of 2026 as anticipated. Despite the ongoing instability of the global trade ecosystem, we've now met or exceeded guidance every quarter in our three years as a public company," said Pablo Pinillos, CFO and Interim CEO of Freightos.

"2026 is a transition year in which we are deliberately sequencing our growth," he continued. "We're focusing resources on our solution adoption - when our software is embedded in customers' daily workflows, platform bookings follow naturally and our network effects compound. Strengthening that solution base positions us for higher growth in 2027 and beyond. Our mission to digitalize global freight is unchanged, and we enter this phase well capitalized and focused on execution."

Fourth Quarter 2025 Financial Highlights

  • Revenue of $7.4 million for the fourth quarter of 2025, an increase of 12% compared to $6.6 million in the fourth quarter of 2024.
  • IFRS Gross Margin of 64.1%, compared to 67.6% in the fourth quarter of 2024. Non-IFRS Gross Margin of 72.7%, compared to 74.3% in the fourth quarter of 2024.
  • IFRS loss of $3.8 million, compared to a loss of $9.8 million for the fourth quarter of 2024 (which included a one-time, non-cash $3.0 million accounting impairment of goodwill related to an acquisition from 2022).
  • Adjusted EBITDA of negative $2.7 million, compared to negative $3.1 million for the fourth quarter of 2024.

Full Year 2025 Financial Highlights

  • Revenue of $29.5 million for the full year 2025, an increase of 24% compared to $23.8 million in 2024.
  • IFRS Gross Margin of 66.8% in 2025, up from 65.2% in 2024. Non-IFRS Gross Margin of 73.7%, up from 72.4% in 2024.
  • IFRS loss of $17.5 million, compared to a loss of $22.5 million in 2025 (which included a one-time, non-cash $3.0 million impairment of goodwill related to an acquisition from 2022).
  • Adjusted EBITDA of negative $11.2 million, compared to negative $12.6 million for 2024.
  • Cash and cash equivalents and a short term bank deposit balance at the end of December 2025 of $27.9 million.

Recent Business Highlights

  • Transactions Growth: Freightos achieved a record 445k transactions in the fourth quarter of 2025, up 27% year over year. For the full year of 2025, Freightos facilitated approximately 1.6 million transactions, up 26% from 2024. The fourth quarter of 2025 was the 24th consecutive quarter of record Transactions.
  • Carrier Growth: The number of carriers actively selling on the platform in the fourth quarter of 2025 was 77, compared to 67 carriers in the fourth quarter of 2024. Recent additions to the network are in the process of integration and, combined with a healthy pipeline, the company anticipates continued growth in active supply.
  • Unique Buyer Users: The number of Unique buyer users digitally booking freight services across the platform grew to 20.7k in the fourth quarter of 2025.
  • Gross Booking Value Growth: The total value of transactions processed on the Freightos platform, or GBV, reached $357M for Q4 2025 and $1.29B for the full year 2025, reflecting year over year growth of 27% and 44%, respectively. WebCargo was the largest contributor to GBV growth, with the carrier portal contributing meaningfully as it continued to scale. As the carrier portal reached material scale in late 2024, year-over-year growth in Q4 reflects a higher comparison base relative to earlier quarters. 7LFreight also delivered strong percentage growth, albeit from a smaller base.
  • Revenue Growth: Fourth quarter revenue of $7.4 million reflected continued strong growth from the WebCargo by Freightos platform and from customs clearance services, partially offset by slower growth in SaaS and data solutions. Total Platform revenue in the fourth quarter was $2.5 million, up 13% from the fourth quarter of 2024, and Solutions revenue was $4.9 million, up 12% year over year. Total Platform revenue in the full year was $9.9 million, up 18% from 2024, and Solutions revenue was $19.6 million, up 27% from 2024.

 

Financial Outlook


Management Expectations


Q1 2026

FY 2026




Transactions (k)

446 - 451

1,937 - 1,975

Year over Year Growth

20% - 22%

18% - 20%

GBV ($m)

335 - 341

1,514 - 1,537

Year over Year Growth

21% - 23%

18% - 20%

Revenue ($m)

7.4 - 7.5

31.2 - 32.8

Year over Year Growth

7% - 9%

6% - 12%

Adjusted EBITDA ($m)

(2.9) - (2.8)

(6.9) - (6.2)

This outlook assumes freight price levels and market freight volumes as of February 2026

Further financial details are included as an appendix below.

Earnings Webcast

Freightos' management will host a webcast and conference call to discuss the results today, February 23, 2026 at 8:30 a.m. EST. To participate in the call, please register at the following link: https://freightos.zoom.us/webinar/register/WN_iuCRJ6czR-aLZ1GwSm7kTw

Following registration, you will be sent the link to the conference call which is accessible either via the Zoom app, or alternatively from a dial-in telephone number.

Questions may be submitted in advance to ir@freightos.com or via Zoom during the call.

A replay of the webcast, as well as the conference call transcript, will be available on Freightos' Investor Relations website following the call.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which include the financial outlook of Freightos, are based on various assumptions, whether or not identified in this press release, and on the current expectations of Freightos, and are not predictions of actual performance. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Freightos. These forward-looking statements are subject to a number of risks and uncertainties, including: disruptions and instability caused by Freightos' CEO transition, changes to its board of directors, and its other leadership changes; disruptions to the international freight industry, including those caused by global economic trends and policy changes, such as increased tariffs and protectionist trade policies being implemented by the United States and other countries and their impact on shipping volume and, hence, number of Transactions, GBV and Platform revenue; Freightos' ability to continue to successfully integrate the Shipsta business without disruption to its business; the threat of additional military conflicts in the Middle East, and their impact on  the international shipping routes that run through the Red Sea and Strait of Hormuz; competition; the ability of Freightos to build and maintain relationships with carriers, freight forwarders and importers/exporters; Freightos' ability to keep pace with rapid technological changes, particularly in artificial intelligence; Freightos' ability to retain its management and key employees, particularly in light of its CEO transition; changes in applicable laws or regulations; any downturn or volatility in economic conditions whether related to reduced international trade, inflation, armed conflict or otherwise; changes in the competitive environment affecting Freightos or its users, including Freightos' ability to introduce new products or technologies; risks to Freightos' ability to protect its intellectual property and avoid infringement by others, or claims of infringement against Freightos; and those additional factors discussed under "Item 3.D. Risk Factors" in Freightos' annual report on Form 20-F filed with the SEC on March 24, 2025, and any other risk factors Freightos includes in any subsequent reports of foreign private issuer on Form 6-K furnished to the SEC. If any of these risks materializes or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks of which Freightos is not aware presently or that Freightos currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Freightos' expectations, plans or forecasts of future events and views as of the date of this press release. Freightos anticipates that subsequent events and developments will cause Freightos' assessments to change. However, while Freightos may elect to update these forward-looking statements at some point in the future, Freightos specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Freightos' assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Financial Information; Non-IFRS Financial Measures

While certain financial figures included in this press release have been computed in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board, this press release does not contain sufficient information to constitute an interim financial report as defined in International Accounting Standards 34, "Interim Financial Reporting" nor a financial statement as defined by International Accounting Standards 1 "Presentation of Financial Statements".

This press release includes certain financial measures not presented in accordance with IFRS, including, but not limited to, Adjusted EBITDA. These non-IFRS measures differ from the most directly comparable measures determined under IFRS. For the historical non-IFRS results included herein, we have provided tables at the end of this press release providing a reconciliation of those results to our results achieved under the most directly comparable IFRS measures. For the forward-looking, non-IFRS data included under "Financial Outlook", we have not included such a reconciliation, because the reconciliation of forward-looking data cannot be prepared without unreasonable effort. Our results and forecasts expressed as non-IFRS measures should not be considered in isolation or as an alternative to revenue, net income, cash flows from operations or other measures of profitability, liquidity or performance under IFRS. You should be aware that the presentation of these measures may not be comparable to similarly-titled measures used by other companies.  Freightos believes that Adjusted EBITDA and other non-IFRS measures provide useful information to investors and others in understanding and evaluating Freightos' operating results because they provide supplemental measures of our core operating performance and offer consistency and comparability with both our own past financial performance and with corresponding financial information provided by peer companies. These non-IFRS measures are presented to permit investors and others to more fully understand how management assesses our performance for internal planning and forecasting purposes. 

Certain monetary amounts, percentages and other figures included in this press release have been subject to rounding adjustments, and therefore may not sum due to rounding.

Glossary

We have provided below a glossary of certain terms used in this press release:

  • Transactions: Number of bookings for freight services, and related services, placed by Buyers across the Freightos platform with third-party sellers and with Clearit. Sellers of Transactions include Carriers (that is, airlines, ocean liners and LCL consolidators) and also other providers of freight services such as trucking companies, freight forwarders, general sales agents, and air master loaders. The number of transactions booked on the Freightos platform in any given time period is net of transactions that were canceled prior to the end of the period. Transactions booked on white label portals hosted by Freightos are included if there is a transactional fee associated with them.
  • Carriers: Number of unique air and ocean carriers, mostly airlines, that have been sellers of transactions. For airlines, we count booking carriers, which include separate airlines within the same carrier group. We do not count dozens of other airlines that operate individual segments of air cargo transactions, as we do not have a direct booking relationship with them. Carriers include ocean less-than-container load (LCL) consolidators. In addition, we only count carriers when more than five bookings were placed with them over the course of a quarter.
  • Unique buyer users: Number of individual users placing bookings, typically counted based on unique email logins. The number of buyers, which counts unique customer businesses, does not reflect the fact that some buyers are large multinational organizations while others are small or midsize businesses. Therefore, we find it more useful to monitor the number of unique buyer users than the number of buyer businesses.
  • GBV: Total value of transactions on the Freightos platform, which is the monetary value of freight and related services contracted between buyers and sellers on the Freightos platform, plus related fees charged to buyers and sellers, and pass-through payments such as duties. GBV is converted to U.S. dollars at the time of each transaction on the Freightos platform. This metric may be similar to what others call gross merchandise value (GMV) or gross services volume (GSV). We believe that this metric reflects the scale of the Freightos platform and our opportunities to generate platform revenue.
  • Adjusted EBITDA: Loss before income taxes, finance income, finance expense, share-based compensation expense, depreciation and amortization, operating expense settled by issuance of shares, acquisition-related costs, impairment of goodwill, CEO transition-related expenses and change in fair value of warrants.
  • Platform revenue: Fees charged to buyers and sellers in relation to transactions executed on the Freightos platform. For bookings conducted by importers/exporters, our fees are typically structured as a percentage of booking value, depending on the mode and nature of the service. When freight forwarders book with carriers, the sellers often pay a pre-negotiated flat fee per transaction. When sellers transact with a buyer who is a new customer to the seller, we may charge a percentage of the booking value as a fee.
  • Solutions revenue: Primarily subscription-based SaaS and data. It is typically priced per user or per site, per time period, with larger customers such as multinational freight forwarders or enterprise shippers often negotiating fixed, all-inclusive subscriptions. Revenue from our Solutions segment includes certain non-recurring revenue from services ancillary to our SaaS products, such as engineering, customization, configuration and go-live fees, and data services for digitizing offline data.

About Freightos

Freightos® (Nasdaq: CRGO) is the leading vendor-neutral global freight booking platform. Airlines, ocean carriers, thousands of freight forwarders, and well over ten thousand importers and exporters connect on Freightos, making world trade efficient,  agile, and resilient.

The Freightos platform digitizes the trillion dollar international freight industry, supported by a suite of software solutions that span pricing, quoting, booking, shipment management, and payments for businesses of all shapes and sizes around the globe. Products include Freightos Enterprise for multinational importers and exporters, Freightos Marketplace for small importers and exporters, WebCargo and 7LFreight by WebCargo for freight forwarders, WebCargo for Airlines, and Clearit, a digital customs broker.

Freightos is a leading provider of real-time industry data via Freightos Terminal, which includes the world's leading spot pricing indexes, Freightos Air Index (FAX) for air cargo and Freightos Baltic Index (FBX) for container shipping. Futures of FBX are traded on CME and SGX.

More information is available at freightos.com/investors

Contacts

Media:

Tali Aronsky
press@freightos.com

Investors:

Anat Earon-Heilborn
ir@freightos.com

 

CONSOLIDATED BALANCE SHEETS

(in thousands)


December 31, 2025

December 31, 2024


(unaudited)


Assets



Current Assets:



Cash and cash equivalents

$ 13,347

$ 10,118

User funds

2,884

4,494

Trade receivables, net

3,773

3,057

Short-term bank deposit

14,546

27,153

Other receivables and prepaid expenses

1,559

1,281


36,109

46,103




Non-current Assets:



Property and equipment, net

284

420

Right-of-use assets, net

2,315

1,191

Intangible assets, net

6,792

8,852

Goodwill

14,809

15,040

Deferred taxes

560

536

Other long-term assets

1,827

1,637


26,587

27,676




Total assets

$ 62,696

$ 73,779




Liabilities and Equity



Current liabilities:



Current maturity of lease liabilities

$      627

$      615

Trade payables

5,103

2,731

User accounts

2,884

4,494

Warrants liabilities

2,223

2,450

Accrued expenses and other short-term liabilities

5,917

7,023


16,754

17,313




Long Term Liabilities:



Lease liabilities

1,745

339

Employee benefit liabilities, net

1,275

1,239


3,020

1,578




Equity:



Share capital

1

*)

Share premium

266,583

261,769

Foreign currency translation reserve

288

(307)

Reserve from remeasurement of defined benefit plans

236

96

Accumulated deficit

(224,186)

(206,670)

Total equity

42,922

54,888




Total liabilities and equity

$ 62,696

$ 73,779

*) Represents an amount lower than $1.



 

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except share and per share data)


Three Months Ended

Twelve months Ended


December 31,

December 31,


2025

2024

2025

2024


(unaudited)

(unaudited)


Revenue

$ 7,405

$ 6,587

$ 29,460

$ 23,785

Cost of revenue

2,658

2,134

9,777

8,285

Gross profit

4,747

4,453

19,683

15,500

Operating expenses:





Research and development

3,186

2,817

11,942

10,275

Selling and marketing

3,947

3,688

15,203

13,880

General and administrative

3,237

5,985

11,694

14,292

Total operating expenses

10,370

12,490

38,839

38,447

Operating loss

(5,623)

(8,037)

(19,156)

(22,947)

Change in fair value of warrants

1,489

(1,410)

227

(965)

Finance income

441

282

1,827

2,211

Finance expenses

(61)

(23)

(268)

(178)

Financing income, net

380

259

1,559

2,033

Loss before taxes on income

(3,754)

(9,188)

(17,370)

(21,879)

Income taxes, net

23

649

146

612

Loss

(3,777)

(9,837)

(17,516)

(22,491)

Other comprehensive income (net of tax effect):





Remeasurement gain (loss) from defined benefit
plans

140

69

140

69

Adjustments arising from translating financial
statements of foreign operations

(35)

(396)

595

(307)

Total comprehensive loss

$  (3,672)

$  (10,164)

$  (16,781)

$  (22,729)

Basic and diluted loss per Ordinary share

$  (0.07)

$  (0.20)

$  (0.35)

$  (0.46)

Weighted average number of shares outstanding
used to compute basic and diluted loss per share

51,214,592

49,344,367

50,573,461

48,579,804

 

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)





Three Months Ended

Twelve months Ended


December 31,

December 31,


2025

2024

2025

2024


(unaudited)

(unaudited)


Cash flows from operating activities:





Loss

$ (3,777)

$ (9,837)

$ (17,516)

$ (22,491)

Adjustments to reconcile net loss to net cash
used in operating activities:





Adjustments to profit or loss items:





Depreciation and amortization

843

870

3,449

3,083

Impairment of goodwill

-

3,000

-

3,000

Change in fair value of warrants

(1,489)

1,410

(227)

965

Changes in the fair value of contingent consideration

-

-

-

(6)

Share-based compensation

1,953

1,049

4,306

3,625

Operating expense settled by issuance of
shares

-

-

-

351

Finance income, net

(380)

(259)

(1,559)

(2,027)

Income taxes, net

23

649

146

612


950

6,719

6,115

9,603

Changes in asset and liability items:





Decrease (increase) in user funds

188

(74)

1,674

(968)

Increase (decrease) in user accounts

(188)

74

(1,674)

968

Decrease in other receivables and prepaid
expenses

412

391

69

37

Decrease (increase) in trade receivables

498

(184)

(521)

(920)

Decrease in other long-term assets

0




Increase (decrease) in trade payables

(249)

(1,375)

2,294

(957)

Increase (decrease) in accrued severance pay,
net

(36)

(18)

90

(7)

Increase (decrease) in accrued expenses and
other short-term liabilities

(762)

(187)

(1,150)

336


(137)

(1,373)

782

(1,511)

Cash received (paid) during the period for:





Interest received, net

61

99

1,791

2,642

Taxes paid, net

(48)

(137)

(40)

(343)


13

(38)

1,751

2,299

Net cash used in operating activities

(2,951)

(4,529)

(8,868)

(12,100)

Cash flows from investing activities:





Purchase of property and equipment

(18)

(16)

(135)

(48)

Proceeds from sale of property and equipment

-

-

26

2

Acquisition of a subsidiary, net of cash acquired
(a)

-

-

-

(3,350)

Investment in long-term deposits

(75)

(52)

(378)

(70)

Withdrawal of long-term deposits

-

-

116

24

Withdrawal of (investment in) short-term bank
deposit, net

-

-

12,000

(6,000)

Withdrawal of short-term investments, net

-

-

-

11,520

Net cash provided by (used in) investing
activities

(93)

(68)

11,629

2,078

Cash flows from financing activities:





Repayment of lease liabilities

(177)

(208)

(704)

(629)

Exercise of options

99

411

682

714

Net cash provided by (used in) financing
activities

(78)

203

(22)

85

Exchange differences on balances of cash and
cash equivalents

177

(19)

463

(91)

Gains (losses) from translation of cash and cash
equivalents of foreign activity

2

(19)

27

(19)

Increase (decrease) in cash and cash
equivalents

(2,943)

(4,432)

3,229

(10,047)

Cash and cash equivalents at the beginning of
the period

16,290

14,550

10,118

20,165

Cash and cash equivalents at the end of the
period

$ 13,347

$ 10,118

$ 13,347

$ 10,118

(a) Acquisition of an initially consolidated
subsidiary:





Working capital (excluding cash and cash
equivalents)

$ -

$ -

$ -

$ (1,271)

Property and equipment

-

-

-

51

Right-of-use assets

-

-

-

350

Intangible assets

-

-

-

3,538

Goodwill

(505)

-

(505)

2,546

Shares issued

-

-

-

(885)

Payable for acquisition of subsidiary

505

-

505

(629)

Lease liabilities

-

-

-

(350)

Acquisition of a subsidiary, net of cash acquired

$ -

$ -

$ -

$ 3,350

(b) Significant non-cash transactions:





Right-of-use asset recognized with
corresponding lease liability

$ 726

$ 2

$ 1,898

$ 2

 

RECONCILIATION OF IFRS TO NON-IFRS GROSS PROFIT AND GROSS
MARGIN

(in thousands, except gross margin data)





Three Months Ended

Twelve months Ended


December 31,

December 31,


2025

2024

2025

2024


(unaudited)

(unaudited)

IFRS gross profit

$ 4,747

$ 4,453

$ 19,683

$ 15,500

Add:





Share-based compensation

249

65

476

378

Depreciation and amortization

388

373

1,553

1,345

Non-IFRS gross profit

$ 5,384

$ 4,891

$ 21,712

$ 17,223

IFRS gross margin

64.1 %

67.6 %

66.8 %

65.2 %

Non-IFRS gross margin

72.7 %

74.3 %

73.7 %

72.4 %

 

RECONCILIATION OF IFRS LOSS TO ADJUSTED EBITDA

(in thousands , except adjusted EBITDA margin data)


Three Months Ended

Twelve months Ended


December 31,

December 31,


2025

2024

2025

2024


(unaudited)

(unaudited)

IFRS loss

$ (3,777)

$ (9,837)

$ (17,516)

$ (22,491)

Add:





Change in fair value of warrants

(1,489)

1,410

(227)

965

Financing income, net

(380)

(259)

(1,559)

(2,033)

Income taxes, net

23

649

146

612

Share-based compensation

1,953

1,049

4,306

3,625

Depreciation and amortization

843

870

3,449

3,083

CEO transition-related expenses

158

-

158

-

Impairment of goodwill

-

3,000

-

3,000

Acquisition-related costs

-

-

-

283

Operating expense settled by issuance of
shares

-

-

-

351

Adjusted EBITDA

$ (2,669)

$ (3,118)

$ (11,243)

$ (12,605)

Loss margin (under IFRS)

-51 %

-149 %

-59 %

-95 %

Adjusted EBITDA margin

-36 %

-47 %

-38 %

-53 %

 

RECONCILIATION OF IFRS LOSS TO NON-IFRS LOSS AND LOSS PER SHARE

(in thousands, except share and per share data)


Three Months Ended

Twelve months Ended


December 31,

December 31,


2025

2024

2025

2024


(unaudited)

(unaudited)

IFRS loss

$ (3,777)

$ (9,837)

$ (17,516)

$ (22,491)

Add:





Share-based compensation

1,953

1,049

4,306

3,625

Depreciation and amortization

843

870

3,449

3,083

CEO transition-related expenses

158

-

158

-

Impairment of goodwill

-

3,000

-

3,000

Operating expense settled by issuance of
shares

-

-

-

351

Acquisition-related costs

-

-

-

283

Changes in the fair value of contingent
consideration

-

-

-

(6)

Change in fair value of warrants

(1,489)

1,410

(227)

965

Non IFRS loss

$ (2,312)

$ (3,508)

$ (9,830)

$ (11,190)

Non IFRS basic and diluted loss per
Ordinary share

$ (0.05)

$ (0.07)

$ (0.19)

$ (0.23)

Weighted average number of shares
outstanding used to compute basic and
diluted loss per share

51,214,592

49,344,367

50,573,461

48,579,804

 

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Cision View original content:https://www.prnewswire.com/news-releases/freightos-reports-fourth-quarter-and-full-year-2025-results-302694451.html

SOURCE Freightos

FAQ

What were Freightos (CRGO) Q4 2025 revenue and full‑year 2025 revenue?

Q4 2025 revenue was $7.4 million, and full‑year 2025 revenue was $29.5 million. According to the company, Q4 revenue rose 12% year‑over‑year and full‑year revenue grew 24% compared with 2024.

How much cash did Freightos (CRGO) hold at year‑end 2025 and what does it imply?

Freightos ended 2025 with $27.9 million in cash and short‑term deposits. According to the company, that balance fully funds planned operations and supports reaching breakeven by the end of 2026.

What transaction and GBV growth did Freightos (CRGO) report for 2025?

Freightos reported approximately 1.6 million transactions for 2025 and GBV of $1.29 billion for the year. According to the company, transactions rose 26% and GBV increased 44% versus 2024.

What guidance did Freightos (CRGO) provide for full‑year 2026 revenue and Adjusted EBITDA?

Management guided FY2026 revenue of $31.2–32.8 million and Adjusted EBITDA of $(6.9)–(6.2) million. According to the company, these expectations assume current freight price levels and market volumes.

Did Freightos (CRGO) improve profitability metrics in 2025?

Some profitability metrics improved: Adjusted EBITDA loss narrowed to $11.2 million in 2025 from $12.6 million in 2024. According to the company, foreign exchange headwinds pressured Adjusted EBITDA in H2.

How did Freightos (CRGO) segment revenue perform in Q4 2025?

In Q4 2025, Platform revenue was $2.5M (+13% YoY) and Solutions revenue was $4.9M (+12% YoY). According to the company, WebCargo and customs services drove platform and solutions growth.
Freightos Ltd

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