Freight technology company Freightos reported record quarterly revenue of US$7.7 million for the second quarter of 2026, up 3% from US$7.4 million in the same period last year. The results exceeded the company’s expectations and marked its strongest quarterly revenue performance to date.
Freightos also recorded significant growth in activity on its digital freight platform. The platform facilitated approximately 458,000 transactions during the quarter, an increase of 15% year on year. Gross booking value rose 33% to US$422 million, indicating stronger transaction volumes and higher freight values moving through the platform.
The company said the recovery of freight activity on Middle East routes was a major contributor to the increase in transactions. While geopolitical disruptions continued to affect international shipping and airfreight corridors, activity recovered more strongly than Freightos had anticipated during the quarter.
Freightos’ platform revenue increased 19% to US$2.9 million, while revenue from its Solutions business declined 4% to US$4.8 million. The company reported an IFRS loss of US$1.6 million, significantly narrower than the US$4.3 million loss recorded in Q2 2025.
The company’s adjusted EBITDA loss also improved to US$2.0 million, compared with US$2.9 million a year earlier, representing its lowest adjusted EBITDA loss to date. Freightos ended June with US$21.4 million in cash and short-term deposits, providing additional financial capacity as it works toward profitability.
Freightos said it remains focused on becoming an increasingly important digital infrastructure layer for global freight, bringing pricing, booking and procurement functions together on its platform. The company is also consolidating its products under a unified Freightos identity to encourage broader adoption among customers.
Management continues to target adjusted EBITDA breakeven by the end of 2026 and expects the company to become cash-generative by mid-2027. However, Freightos acknowledged that geopolitical developments and uncertainty in global freight markets could continue to affect its performance.
The Q2 performance highlights the continuing shift toward digital freight procurement and booking, with rising transaction activity suggesting that more shippers, forwarders and carriers are using online platforms to manage international freight.