Freightos Limited (CRGO) Earnings Call Transcripts

Freightos Limited's Latest Earnings Call - Q1 FY2026

In Q1 2026, Freightos Limited reported revenue of $7.2 million, reflecting a 3% year-over-year increase, but fell short of expectations due to market volatility and disruptions in the Middle East. Adjusted EBITDA was negative $2.8 million, consistent with prior guidance. Management has moderated full-year revenue expectations while maintaining a commitment to achieving adjusted EBITDA breakeven by Q4 2026, signaling a cautious outlook amid ongoing market challenges.

Reported metrics

Guidance from management

Management has moderated full-year revenue expectations due to Q1 performance and ongoing market conditions but remains committed to achieving adjusted EBITDA breakeven by Q4 2026.

What management said

Sure. So we did execute at the end of March, the cost optimization plan. Of course, in Q1, we didn't benefit much of that. We will start benefit in Q2 going forward. And the majority of that benefit will come during Q2 and partially Q3 and to finalize completely in Q4. So in Q4, those $4.5 million run rate annual savings will be materialized, mainly starting in -- now in Q2.

Well, the cash burn was affected in this quarter by the cost optimization plan that we did that we executed at the end of March, and we have to put some cash up on that. Normally, our cash burn is linked almost very, very similar to our adjusted EBITDA number, and that's the expectation for the rest of the year. So our guidance for Q2 is similar to our cash burn expected in Q2. And our cash burn for the year is expec...

What analysts pressed on

Analysts expressed concerns regarding the impact of market volatility on transaction activity and the effectiveness of the cost optimization plan. There were questions about the visibility into future revenue growth and the potential delays in enterprise spending decisions due to current uncertainties in the market.

Main topics on the call

• Revenue Performance — Freightos reported Q1 revenue of $7.2 million, which was a 3% increase year-over-year but below expectations due to market disruptions. CEO Pablo Pinillos stated, "Q1 was softer quarter than we expected," highlighting th...
• Transaction Activity — The company processed 425,000 transactions in Q1, up 15% year-over-year but below the targeted 20% growth. Pinillos noted that disruptions in the Middle East significantly affected transaction activity, stating, "The sho...
• Cost Optimization Plan — Freightos initiated a cost optimization plan expected to generate approximately $4.5 million in annualized savings starting in Q4 2026. Pinillos mentioned, "These actions are designed to align organizational structure wi...
• Guidance Update — Management updated its full-year guidance, reflecting a more cautious outlook due to Q1 performance and ongoing market volatility. They remain committed to achieving adjusted EBITDA breakeven by Q4 2026, despite moderati...

Read the full Freightos Limited transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 13 Freightos Limited earnings call transcripts on record, spanning February 26, 2024 to May 26, 2026. Based on this history, Freightos Limited reports quarterly. The most recent call on file is dated May 26, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CRGO

Exchange

NasdaqCM

Country

US

Sector

Industrials

Industry

Air Freight and Logistics

Calls on record

13

First call

February 26, 2024

Most recent

May 26, 2026

Reporting cadence

quarterly