Freightos Targets Q4 2026 EBITDA Breakeven as Revenue Hits Record $7.7M

Freightos reported record second-quarter revenue of $7.7 million and narrowed its adjusted EBITDA loss to $2 million, as the digital freight platform reiterated its goal of reaching adjusted EBITDA breakeven during the fourth quarter of 2026. Speaking at a Sidoti conference, recently appointed Chief Executive Officer Pablo Pinillos said platform revenue increased 90% year over year, while solutions revenue declined 4% to $4.8 million. Pinillos said improving sales execution, conversion and implementation speed in the solutions business will be a major focus in the second half of the year. Get Freightos alerts: Sign Up “The quarter showed continued progress on profitability alongside areas where we still need to execute better,” Pinillos said. Transaction activity and network expansion Freightos operates software and a marketplace for freight pricing, quoting, booking and procurement. Its platform connects carriers, freight forwarders, importers and exporters, with the company positioning its offering as digital infrastructure for an industry that continues to rely heavily on emails, spreadsheets, phone calls and disconnected systems. During the second quarter, Freightos facilitated 458,000 transactions, up 15% from the prior-year period. Pinillos said that, excluding routes involving Middle East origins, destinations or airspace, transaction growth was within the company’s longer-term target range of 20% to 30%. The Middle East conflict disrupted freight corridors, constrained capacity and kept second-quarter air freight rates roughly 25% above pre-conflict levels, according to Pinillos. He said the impact to Freightos was primarily on transaction volumes in affected corridors, while revenue distribution was not materially affected. The company processed about 1.8 million transactions over the past 12 months, representing approximately $1.5 billion in aggregate gross booking value. Freightos said it had 75 active carriers as of the second quarter, including all of the top 20 air carriers. Those carriers represent about 80% of global air cargo capacity, though Pinillos noted that capacity is still being added to the platform over time. Freightos also announced the addition of Korean Air to its network, which Pinillos described as an important step in expanding airline participation in Asia. Software adoption and ocean opportunity Pinillos said Freightos sees its software offerings as a driver of marketplace liquidity. Customers using its solutions book roughly three to five times more transactions than non-solution customers, according to the company. The company is seeking to expand beyond air cargo spot bookings into ocean freight and procurement workflows for contracted freight. Pinillos said ocean freight is a larger market but remains earlier in its digitalization process. He also noted that spot freight represents le...