Q1 2026 Freightos Ltd Earnings Call Transcript
Key Points
- Freightos Ltd (CRGO) reported a 15% year-over-year increase in transactions, processing 425,000 transactions in Q1.
- The company achieved a record of 79 active carriers in its network during the quarter, indicating strong carrier engagement.
- Gross booking value increased by 24% year-over-year to $343 million, showcasing platform scale and customer relevance.
- Freightos Ltd (CRGO) is focusing on integrating procurement, pricing, quoting, booking, and market intelligence into a connected operational environment, aligning with industry trends.
- The company has initiated a cost optimization plan expected to generate approximately $4.5 million in annualized savings starting in Q4 2026.
- Q1 revenue growth was only 3% year-over-year, reflecting softer-than-expected performance.
- The freight market volatility, particularly in the Middle East, negatively impacted capacity and transaction activity.
- Freightos Ltd (CRGO) experienced a shortfall in transaction growth, falling below the 20%-plus target.
- The company reported an adjusted EBITDA loss of $2.8 million for the quarter.
- Enterprise spending environment remains cautious, leading to delays in decision-making and deal closures.
Hello, and welcome to Freightos Q1 2026 earnings conference call. A press release with detailed financial results was released earlier today and is available on the Investor Relations section of our website. My name is Anat Earon-Heilborn, and I'm joined today by Pablo Pinillos, Freightos' CEO and Interim CFO; and Ian Arroyo, Chief Strategy Officer.
Following the prepared remarks, we'll open the call for questions. We are sharing slides during the call and using video, so we recommend using Zoom on a computer rather than dialing in by phone. The slides as well as a recording of this earnings call will be available on our website shortly after the call.
Please be aware that today's discussion contains forward-looking statements, which are subject to a number of risks and uncertainties. Actual results may differ materially due to various risk factors. Please refer to today's press release and our SEC filings for more information on risk factors and other factors which could impact forward-looking
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