Freightos reported third‑quarter revenue of $7.7 million, a 24 % year‑over‑year increase that beat the consensus estimate of $7.64 million. The lift was driven by a 27 % jump in transaction volume to 429 000 bookings, reflecting continued demand for the company’s vendor‑neutral digital freight platform across air, ocean, and ground modes.
Gross booking value reached $336 million, up 54 % from the prior year, while non‑IFRS gross margin expanded to 74.8 % from 72.7 % in Q3 2024. The margin improvement stems from higher‑margin SaaS solutions and the scaling of the platform, which reduces per‑booking costs and enhances pricing power.
Freightos posted an adjusted EBITDA loss of $2.6 million, narrowing from a $2.8 million loss in Q3 2024. However, the company’s earnings per share fell to $‑0.10, missing the $‑0.08 consensus estimate. The miss is attributed to higher operating expenses related to strategic investments in multimodal capabilities and the acquisition of Shipsta, which added short‑term cost pressure before delivering long‑term revenue upside.
Cash and cash equivalents stood at $30.6 million, down from $34 million at the end of the previous quarter, reflecting the company’s disciplined capital deployment. Freightos guided Q4 revenue to $7.6–$7.7 million and full‑year adjusted EBITDA to $10.9–$10.5 million, signaling confidence in continued transaction growth while acknowledging the need to manage costs as the platform scales.
CEO Zvi Schreiber said the quarter “demonstrates the resilience and growing adoption of our digital freight booking platform.” He highlighted that freight‑rate volatility is accelerating the shift toward digital solutions and that the company’s multimodal strategy is gaining traction among forwarders. CFO Pablo Pinillos added that the company is “making steady progress toward breakeven adjusted EBITDA” and that disciplined cost management is balancing strategic investments.
Investors focused on the EPS miss, which tempered enthusiasm for the strong revenue and margin performance. The company’s guidance and management emphasis on cost discipline and multimodal expansion suggest a cautious but optimistic outlook for the remainder of the year.
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