The Company Plans to Report Earnings on August 17, 2026
BARCELONA, Spain, July 15, 2026 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral global freight pricing, booking and procurement platform, today reported preliminary key performance indicators for the second quarter of 2026.
These operational KPIs primarily reflect platform activity. Freightos' strategy is focused on scaling its solutions and software offerings, which represent the majority of revenue and are less directly reflected in these metrics, while supporting deeper utilization across the platform. Solutions progress will be discussed in the upcoming earnings release.
Actuals* | Management's Expectations | |
Q2 2026 | Q2 2026 | |
# Transactions ('000) | 458 | 437 - 444 |
Year over Year Growth | 15 % | 10% - 12% |
GBV ($m) | 422 | 388 - 393 |
Year over Year Growth | 33 % | 23% - 24% |
*Numbers are preliminary and subject to change with the full, final earnings release
Platform Expansion and Network Growth
Transactions: Q2 2026 transactions totaled a record 458k, up 15% year-over-year and above management's expectations, reflecting primarily resumed activity in Middle East routes. The military conflict in the Middle East continued to disrupt major international shipping and air corridors, but recovery throughout the quarter was stronger than management had anticipated. Excluding routes involving Middle East origin, destination or airspace, transactions grew year-over-year at a rate in line with the company's long-term model of 20-30% transactions growth.
Carrier and Buyer Growth: 75 carriers were active (receiving more than 5 transactions each) on the platforms in Q2 2026, compared with 79 in Q1 2026 and 75 in Q2 2025. The quarter-on-quarter decrease reflects some carriers falling below the threshold, partially offset by the addition of other carriers, including Ethiopian Airlines, whose joining was announced in March 2026. Unique buyer users increased moderately to approximately 21 thousand, compared to approximately 20,600 in Q1 2026 and up 4% from Q2 2025.
Gross Booking Value (GBV): The total value of transactions processed on the Freightos platform, or GBV, reached a record of $422M for Q2 2026, up 33% from Q2 last year and above management's expectations. The outperformance reflects both continued growth in transaction volumes and the sustained elevation of average air freight rates, which have remained approximately 25% above pre-conflict levels even as the platform has recovered a significant portion of its transaction volumes.