Freightos Reports Platform KPIs for Third Quarter Exceeding Management Expectations
The platform KPIs are preliminary and less directly reflect Solutions, which accounts for most of Freightos' revenue.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Freightos (NASDAQ: CRGO) reported preliminary third-quarter 2026 platform activity, with transactions and gross booking value both exceeding management expectations.
Transactions reached 494,000, up 15% year over year, versus expectations of 481,000–490,000 and 12%–14% growth. Gross booking value, the total value processed on the platform, reached a record $437 million, up 30%, versus expectations of $390 million–$397 million and 16%–18% growth. Elevated freight rates amid tight capacity and higher fuel costs also contributed to booking value.
Active carriers numbered 79, versus 75 in Q2 2026 and 77 a year earlier. Unique buyer users totaled approximately 21,900, versus 21,100 in Q2. These preliminary metrics mainly cover Platform activity, not Solutions, which generates most revenue. Freightos plans to report financial results and a Solutions update on November 23, 2026, before markets open.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point494,000 transactions in Q3 2026 rose 15% year over year, exceeding expectations of 481,000–490,000 and 12%–14% growth.
- Moderate pointRecord $437 million gross booking value rose 30% year over year, exceeding expectations of $390 million–$397 million and 16%–18% growth.
- Minor point79 active carriers in Q3 2026 increased from 75 in Q2 2026 and 77 in Q3 2025.
- Minor pointApproximately 21,900 unique buyer users in Q3 2026 increased from 21,100 in Q2 2026.
Negative
- Minor point. Forward-looking: it has not happened yet and may not happen.Preliminary KPIs remain subject to change with the full, final earnings release.
- Minor pointSolutions, the majority of revenue, is less directly reflected in the reported platform metrics.
Details
Market Reaction – CRGO
On Oct 15, the day this news came out, the latest delayed price for CRGO is 4.88% above the previous close. The latest delayed price is $0.82. Relative volume is exceptionally heavy at 5.9x the average.
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Key Figures
- Transactions
- 494 thousand
- Preliminary Q3 2026; above management expectations
- Transaction growth
- 15%
- Preliminary Q3 2026, year over year; above management expectations
- Gross Booking Value
- $437 million
- Preliminary Q3 2026; record level and above management expectations
- GBV growth
- 30%
- Preliminary Q3 2026, year over year; above management expectations
Historical Context
-
Q2 preliminary transactions and GBV exceeded expectations, establishing the prior-quarter KPI baseline.
-
Q2 results reported 458,000 transactions and $422 million GBV, with Q3 KPI growth outlook.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
gross booking value (gbv) financial
less-than-container load (lcl) technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Company Plans to Report Earnings on November 23, 2026
Freightos combines software solutions, a global digital freight booking platform, and market intelligence in an interconnected ecosystem. Software adoption embeds Freightos in customers' daily workflows and drives transaction growth, while growing network activity generates valuable data that enhances market visibility, supports better decision-making, and strengthens the Company's solutions. Together, these capabilities reinforce the value of the Freightos platform and support its long-term growth.
The KPIs reported today primarily reflect Platform activity. Solutions, which account for the majority of Freightos' revenue, are less directly reflected in these metrics. The Company will provide an update on Solutions performance with its third quarter financial results on November 23, 2026.
|
|
Actuals* |
Management's Expectations |
|
|
Q3 2026 |
Q3 2026 |
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|
|
|
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# Transactions ('000) |
494 |
481 - 490 |
|
Year over Year Growth |
15 % |
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GBV ($m) |
437 |
390 - 397 |
|
Year over Year Growth |
30 % |
|
|
*Numbers are preliminary and subject to change with the full, final earnings release |
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Platform Expansion and Network Growth
- Transactions: Q3 2026 transactions totaled 494 thousand, up
15% year-over-year and above management's expectations. Transaction growth was driven primarily by customers using Freightos' software solutions, reflecting the expanding reach of Freightos' global booking network, and the growing contribution of integrated software solutions to customer engagement and platform utilization. - Carrier and Buyer Growth: 79 carriers were active (receiving more than five transactions each) on the Platform in Q3 2026, compared with 75 in Q2 2026 and 77 in Q3 2025. Unique buyer users totaled approximately 21,900, compared with 21,100 in Q2 2026. Freightos' extensive carrier connectivity and growing buyer participation strengthen the value of its vendor-neutral network, bringing more choice, greater efficiency and broader digital access to international freight markets. Among the carriers active in the quarter were Korea Air, which recently joined the platform as previously announced, as well as certain carriers that were temporarily below the five transactions threshold in the second quarter.
- Gross Booking Value (GBV): The total value of transactions processed on the Freightos Platform reached a record
$437 million 30% year-over-year and above management's expectations. GBV demonstrates the scale of freight commerce flowing through Freightos' digital infrastructure. For Q3 2026, GBV also reflected elevated freight rates amid tight capacity and higher fuel costs.
"Our third-quarter performance reflects continued momentum across the Freightos Platform, with transaction volumes and GBV exceeding our expectations," said Pablo Pinillos, CEO of Freightos. "We are building on an established global network that connects the industry's leading carriers, freight forwarders and importers and exporters. Our opportunity goes beyond digital bookings: by combining software embedded in daily workflows, a growing transaction network and market intelligence powered by freight data, we can deliver increasing value to customers while expanding our opportunities for growth. We remain focused on turning these advantages into sustainable growth and profitability."
Q3 2026 Earnings Call
Financial results for the third quarter 2026 will be reported before markets open on November 23, 2026. Freightos' management will host a webcast and conference call to discuss the results that morning at 8:30 a.m. ET.
Information about Freightos' financial results, including a link to the live webcast, will be available on Freightos' investor relations website at https://www.freightos.com/investor-news/.
To participate in the call, please register at the following link: https://freightos.zoom.us/webinar/register/WN_nDr4YvSEQaWP64lZlWaRCg#/registration
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 call's transcript, will be available on Freightos' Investor Relations website following the call.
Glossary
We have provided below a glossary of certain terms used in this press release:
- 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 calendar 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. - 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.
About Freightos
Freightos® (NASDAQ: CRGO) is the leading digital infrastructure platform powering the international freight industry. Operating as a vendor-neutral network, Freightos connects airlines, ocean carriers, trucking carriers, freight forwarders, and importers and exporters of all sizes to bring transparency, efficiency, and resilience to global supply chains.
The Freightos platform digitalizes freight execution by transforming manual, fragmented processes into seamless, connected, and data-driven digital workflows. Freightos delivers integrated capabilities including procurement, pricing, quoting, booking, customs clearance, payments, and market intelligence across air, ocean, and road freight. By serving as the intelligence middleware layer that unifies data and workflows, Freightos empowers smarter operational decisions and enables market participants to transact, collaborate, and manage global shipments more effectively.
Used by thousands of logistics service providers and businesses around the world, Freightos combines software, network connectivity, transaction infrastructure, and market data into an interconnected digital ecosystem.
Contacts
Media:
Tamar Hartal
press@freightos.com
Investors:
Anat Earon-Heilborn
ir@freightos.com
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SOURCE Freightos
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How did Freightos CRGO platform activity compare with expectations in Q3 2026?
Freightos reported 494,000 transactions and $437 million in gross booking value, above management's expected ranges of 481,000–490,000 and $390 million–$397 million, respectively. Transactions rose 15% year over year, while gross booking value rose 30%. The figures are preliminary.
When will Freightos CRGO report Q3 2026 financial results?
Freightos plans to report third-quarter 2026 financial results before markets open on November 23, 2026. The company will also provide an update on Solutions performance.
What does Freightos include in gross booking value?
Freightos' gross booking value includes freight and related services contracted between buyers and sellers on its platform, related fees, and pass-through payments such as duties. Values are converted to U.S. dollars at the time of each transaction.
How does Freightos count platform transactions?
Freightos counts bookings for freight and related services placed with third-party sellers and Clearit, net of transactions canceled before period-end. Bookings on Freightos-hosted white-label portals are included when they carry a transaction fee.