The record revenue and narrowing losses are positive, but the weak FY 2026 revenue growth guidance (3-5%) and the 4% decline in higher-margin Solutions revenue temper the outlook. Monitor Q3 2026 results for acceleration in Solutions revenue and progress toward the stated Adjusted EBITDA breakeven target. The $21.4M cash position provides a runway of roughly 2-3 quarters at current burn rates, making the path to cash generation by mid-2027 a key catalyst.
Price Chart
Executive Summary
Freightos reported Q2 2026 revenue of $7.7M (+3% YoY), a record high, with a narrower IFRS loss of $1.6M vs. $4.3M a year ago. Adjusted EBITDA loss improved to -$2.0M from -$2.9M. However, FY 2026 revenue guidance of $30.4-31.0M implies just 3-5% growth, and Solutions revenue declined 4% YoY, signaling mixed underlying performance despite the headline beat. The company has $21.4M in cash and targets Adjusted EBITDA breakeven by year-end and cash generation by mid-2027.
Key Facts
- Record Q2 2026 revenue of $7.7M, up 3% YoY from $7.4M.
- IFRS net loss narrowed to $1.6M from $4.3M in Q2 2025.
- Adjusted EBITDA loss improved to -$2.0M from -$2.9M YoY.
- Platform revenue grew 19% YoY to $2.9M, but Solutions revenue fell 4% to $4.8M.
- FY 2026 revenue guidance of $30.4-31.0M implies only 3-5% YoY growth.
- Cash and short-term deposits at $21.4M; management targets Adjusted EBITDA breakeven by year-end 2026 and cash generation by mid-2027.
- Transactions grew 15% YoY to 458k; GBV hit a record $422M, up 33% YoY.
- Carrier count flat at 75 vs. Q2 2025; unique buyer users up 4% to ~21k.
Financial Impact
Revenue up $0.3M YoY to $7.7M; net loss improved by $2.7M; cash burn remains negative with operating cash flow of -$1.5M in Q2 2026.
Risk Factors
- FY 2026 revenue guidance of only 3-5% growth suggests deceleration from Q2's 3% and implies limited near-term top-line momentum.
- Solutions revenue declined 4% YoY, indicating weakness in the higher-margin SaaS segment.
- Ongoing Middle East conflict creates uncertainty in shipping volumes and freight rates, which directly impact transaction volumes and GBV.
- Cash burn continues; operating cash flow was -$1.5M in Q2 2026, and the company has not yet achieved cash generation.
- CEO transition and leadership changes introduce execution risk.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-097609 |
| Document: tm2623388d1_6k.htm | 0001104659-26-097609 |
| Document: 0001104659-26-097609-index-headers.html | 0001104659-26-097609 |
| Document: 0001104659-26-097609-index.html | 0001104659-26-097609 |
| Document: 0001104659-26-097609.txt | 0001104659-26-097609 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 6-K | $0.7810 $0.7835 | ▲ +0.32% | ▲ +1.43% | $0.6900 (−11.65%) |
Sep 10, 2026 6w ago | 6-K | $1.20 $1.19 | ▲ +0.83% | ▲ +1.69% | $0.6900 (+42.50%) |
Sep 1, 2026 7w ago | 6-K | $1.26 $1.22 | ▼ −3.17% | ▼ −3.62% | $0.6900 (−45.24%) |
Aug 17, 2026 10w ago | 6-K | $1.67 $1.57 | ▼ −5.99% | ▼ −5.31% | $0.6900 (−58.68%) |
Aug 17, 2026 10w ago | Press Release | $1.67 $1.57 | ▼ −5.99% | ▼ −5.31% | $0.6900 (−58.68%) |
Jul 15, 2026 14w ago | 6-K | $1.37 $1.36 | ▼ −0.73% | ▼ −0.19% | $0.6900 (−49.64%) |
Jul 15, 2026 14w ago | Press Release | $1.37 $1.36 | ▼ −0.73% | ▼ −0.19% | $0.6900 (−49.64%) |
Apr 16, 2026 27w ago | Insider Cluster | $1.92 $2.09 | ▲ +8.85% | ▲ +7.64% | $0.6900 (−64.06%) |
Mar 26, 2026 30w ago | 6-K | $1.52 $1.70 | ▲ +11.84% | ▲ +13.52% | $0.6900 (−54.61%) |
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