Freightos processed a record $422 million of gross booking value during Q2 2026, up 33% year over year, even as recognized revenue increased only 3% to $7.7 million. The widening gap between transaction value and reported revenue highlights how rapidly the scale of activity moving through the Freightos platform is expanding relative to current monetization.
Gross booking value represents the total monetary value of freight and related services contracted between buyers and sellers through Freightos, including associated fees and certain pass-through payments. Freightos views the metric as an indicator of the scale of the platform and the opportunity to generate additional platform revenue over time.
Transaction growth remained strong despite continued disruption to international shipping and aviation routes. Freightos facilitated 458,000 transactions, up 15% year over year, and exceeded management expectations as activity on Middle East routes recovered more quickly than anticipated.
Outside routes involving a Middle East origin, destination or airspace, Freightos said Q2 transaction growth remained in line with its long-term model of 20% to 30% annual growth. That distinction indicates that broader platform activity continued expanding faster than the consolidated 15% rate suggested.
Elevated freight pricing also contributed to the record GBV. Average air freight rates remained approximately 25% above pre-Middle East conflict levels even as the platform recovered a significant portion of the transaction volume lost during the height of the disruption.
Revenue performance varied significantly by business model. Platform revenue increased 19% to $2.9 million, supported by WebCargo and higher-than-expected customs transaction revenue. Solutions revenue, which primarily includes SaaS and data products, declined 4% to $4.8 million as SaaS performance came in below expectations.
Profitability continued moving toward management’s breakeven target. The IFRS loss narrowed to $1.6 million from $4.3 million, while the adjusted EBITDA loss improved to $2 million from $2.9 million. IFRS gross margin increased to 67.6% from 67.1% and non-IFRS gross margin increased to 74.1% from 73.5%.
Freightos ended June with $21.4 million of cash, equivalents and a short-term bank deposit. Management remains committed to exiting 2026 at adjusted EBITDA breakeven and expects the company to become cash generative by the middle of 2027.
For full-year 2026, Freightos expects 1.847 million to 1.869 million transactions, representing 12% to 14% growth, and GBV of $1.533 billion to $1.560 billion, representing 19% to 21% growth. Revenue is expected at $30.4 million to $31 million, or growth of only 3% to 5%, continuing the pattern of transaction and booking-value expansion running well ahead of revenue growth.
KEY QUOTE:
“Our second quarter results delivered record revenue ahead of our expectations and our lowest-ever Adjusted EBITDA loss, as we continued executing against the priorities we set at the beginning of the year. We are strengthening Freightos’ position as the infrastructure layer for global freight, and unifying our product portfolio under a single Freightos identity to make it easier for customers to adopt and expand their use of it. World events created headwinds for some parts of our business and tailwinds for others, demonstrating that the comprehensiveness of our offering provides meaningful diversification alongside the value it delivers to customers. Our updated full year outlook reflects areas where execution needs to accelerate as well as the high market uncertainty. We remain committed to our profitability targets by exiting the year at Adjusted EBITDA breakeven and expect to become cash generative by mid-2027.”
Pablo Pinillos, CEO and CFO of Freightos
