Freightos Limited Ordinary shares
- Open
- 1.55
- Day high
- 1.55
- Day low
- 1.50
- Prev close
- 1.52
- Volume
- 7K
- Mkt cap
- $79M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 2.1
- P/S
- 2.6
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$27K over the last 3 months (0 open-market buys, 9 sales)
- 🏛Institutions mixed (13F)
Freightos Limited Ordinary shares (CRGO) is a Industrials company listed on NASDAQ. The stock is down 34% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 9 sales (SEC Form 4).
Freightos Limited Ordinary shares (CRGO) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CRGO earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 26, 2026 | $-0.07 | $-0.13 | -73.3% | $7M | -4.0% |
| Feb 23, 2026 | $-0.08 | $-0.07 | +12.5% | $7M | -7.2% |
| Nov 17, 2025 | $-0.07 | $-0.10 | -42.9% | $8M | +0.4% |
| Aug 18, 2025 | $-0.09 | $-0.09 | +0.0% | $7M | -2.7% |
| May 20, 2025 | $-0.10 | $-0.09 | +10.0% | $7M | -1.6% |
| Nov 25, 2024 | $-0.16 | $-0.06 | +62.5% | $6M | -4.2% |
| Aug 19, 2024 | $-0.10 | $-0.11 | -10.0% | $6M | -4.9% |
| May 20, 2024 | $-0.12 | $-0.10 | +16.7% | $5M | -3.0% |
| Feb 26, 2024 | $-0.17 | $-0.06 | +64.7% | $5M | +0.7% |
| Nov 21, 2023 | $-0.14 | $-0.07 | +50.0% | $5M | +0.8% |
| Aug 21, 2023 | $-0.14 | $-0.10 | +28.6% | $5M | +1.8% |
| May 23, 2023 | $-0.14 | $-0.17 | -21.4% | $5M | +0.6% |
CRGO insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 16, 2026 | Arroyo Ianofficer: Chief Strategy Officer | Sell | 1,217 | $1.59 |
| Jun 11, 2026 | Arroyo Ianofficer: Chief Strategy Officer | Grant | 4,000 | — |
| Jun 1, 2026 | Alventosa Abril Enricofficer: Chief Technology Officer | Sell | 2,904 | $2.05 |
| Apr 29, 2026 | Lange Udodirector | Grant | 97,562 | — |
| Apr 20, 2026 | Arroyo Ianofficer: Chief Strategy Officer | Sell | 756 | $1.85 |
| Apr 20, 2026 | Arroyo Ianofficer: Chief Strategy Officer | Sell | 995 | $1.85 |
| Apr 20, 2026 | Alventosa Abril Enricofficer: Chief Technology Officer | Sell | 1,347 | $1.85 |
| Apr 20, 2026 | Indave Sesma Andreaofficer: VP, Human Resources | Sell | 193 | $1.85 |
| Apr 20, 2026 | Indave Sesma Andreaofficer: VP, Human Resources | Sell | 653 | $1.85 |
| Apr 20, 2026 | Alventosa Abril Enricofficer: Chief Technology Officer | Sell | 1,170 | $1.85 |
| Apr 16, 2026 | Pinillos Manrique de Lara Pablodirector, officer: CEO and CFO | Grant | 40,000 | — |
| Apr 7, 2026 | Pinillos Manrique de Lara Pablodirector, officer: CEO and CFO | Sell | 5,815 | $1.69 |
| Mar 31, 2026 | Pinillos Manrique de Lara Pablodirector, officer: CEO and CFO | Sell | 17,898 | $1.57 |
Source: CRGO SEC Form 4 filings, latest Jun 16, 2026. For informational purposes only — not investment advice.
See the full CRGO insider & 13F page →Freightos Limited Ordinary shares company profile
Overview
Freightos Limited (NASDAQ:CRGO) is a Hong Kong-based technology company that operates an online freight marketplace and provides software solutions for the global logistics industry. Founded in 2011 as Tradeos Limited and rebranded in 2016, the company went public in November 2021. Freightos has positioned itself as a digital transformation enabler in the traditionally offline international freight industry, connecting importers, exporters, freight forwarders, and carriers through its technology platform. The company operates globally with offices in Hong Kong, China, Germany, Israel, and Palestine.
Business
Freightos operates in the integrated freight and logistics industry, which encompasses the movement of goods across international borders via air, ocean, and land transportation. The global freight industry is a massive, complex ecosystem worth hundreds of billions of dollars annually, but has historically been dominated by manual processes, phone calls, and email communications rather than digital platforms. The company operates two primary business segments that generated different revenue streams in 2024: Platform Business (~35% of revenue): This segment centers around freightos.com, a digital marketplace that connects three key parties in international freight: carriers (airlines and shipping companies), freight forwarders (intermediaries who arrange shipments), and importers/exporters (businesses shipping goods internationally). The platform allows users to instantly compare prices, book shipments, and manage freight transactions digitally. In 2024, the platform processed over 350,000 transactions with a gross booking value exceeding $200 million per quarter. The company claims approximately 80% market share of international air cargo digital bookings, though this represents a small fraction of the overall freight market that remains largely offline. Solutions Business (~65% of revenue): This segment provides software-as-a-service (SaaS) solutions to enterprise customers in the freight industry. Key products include Freightos AcceleRate for freight rate management and instant quotes, Enterprise Shipper for freight tariff control and spend analytics, and WebCargo for freight forwarders. The company also acquired Shipsta in 2024, a procurement and tender management platform that helps large enterprises manage their freight spending. These solutions help businesses automate traditionally manual freight processes and gain better visibility into their shipping operations. The freight industry that Freightos serves is characterized by fragmentation, with thousands of carriers, freight forwarders, and logistics providers operating globally. Most transactions still occur through manual processes, creating opportunities for digital platforms to capture market share by offering efficiency, transparency, and cost savings.
Revenue model
Freightos generates revenue through multiple complementary business models across its two segments: Platform Revenue Model: The company earns transaction fees and commissions from bookings made through its digital marketplace. When freight forwarders or importers/exporters book shipments through freightos.com, Freightos takes a percentage of the transaction value. The company also charges carriers (airlines and shipping companies) for access to its network of buyers, essentially operating as a digital sales channel. As transaction volumes grow, Freightos gains negotiating power with carriers to improve fee structures. Solutions Revenue Model: This segment primarily operates on a recurring subscription model, with enterprise customers paying annual or multi-year contracts for access to Freightos' software solutions. The Solutions business provides more predictable revenue streams compared to the transaction-based Platform business. Revenue also comes from data subscriptions, where customers pay for access to freight market intelligence and analytics. The company's paying customers include freight forwarders, enterprise shippers (companies that regularly ship goods internationally), carriers, and e-commerce retailers. Enterprise customers in the Solutions segment tend to be large corporations with significant freight spending, while Platform users range from small freight forwarders to major importers and exporters. Several factors influence Freightos' margins and growth potential. Positive margin drivers include the network effects of its marketplace (more carriers attract more buyers and vice versa), the scalability of its software platform, and the industry's gradual shift toward digitalization. The company benefits from freight rate volatility, as uncertainty drives demand for price comparison tools. Negative margin pressures come from the need for continuous technology investment, customer acquisition costs in a fragmented market, and competition from both traditional freight forwarders and other technology companies. Global trade volumes, economic conditions, and geopolitical events (such as the Red Sea shipping crisis) also impact transaction volumes and revenue growth.
Competitive moat
Freightos has built a moderate network effects moat in the international freight digitalization space, though this moat is still developing and faces several challenges. The company's primary competitive advantage stems from its position as a digital intermediary in a traditionally offline industry, where it has achieved meaningful scale with over 67 carriers and 20,000+ unique buyer users. The network effects work in Freightos' favor: more carriers on the platform attract more freight forwarders and shippers seeking competitive rates, while higher transaction volumes make the platform more valuable to carriers as a sales channel. This creates a virtuous cycle that becomes harder for competitors to replicate as scale increases. The company's claimed 80% market share of international air cargo digital bookings, while representing a small fraction of the total market, provides first-mover advantages in digital freight. However, several factors limit the strength of this moat. The freight industry remains overwhelmingly offline (estimated at 98% by management), meaning Freightos is competing more against traditional manual processes than direct digital competitors. Large freight forwarders and logistics providers have significant resources and established customer relationships that could threaten Freightos if they develop competing digital platforms. Additionally, major carriers could potentially bypass Freightos by developing their own direct digital booking systems, reducing the platform's value proposition. The company's technology solutions provide some switching costs for enterprise customers, but these are not insurmountable barriers. The fragmented nature of the freight industry means that even with strong network effects, Freightos faces the challenge of convincing a highly traditional industry to adopt digital processes. Competition could emerge from well-funded logistics companies, technology giants entering the space, or specialized freight technology providers. The moat is strengthening as the platform scales, but remains vulnerable to well-resourced competitors or significant changes in industry structure.
Risks & safety
Freightos presents a moderate to high-risk investment profile with limited margin of safety, characterized by ongoing losses and cash burn despite reasonable liquidity position. Liquidity and Solvency: - Cash position: $10.1 million as of Q4 2024 (down from $20.2 million in 2023) - Current ratio: 2.66x indicating adequate short-term liquidity - Minimal debt with debt-to-equity ratio of 1.7% - Free cash flow: -$12.1 million for 2024, indicating continued cash burn Valuation Metrics: - Trading at 2.7x book value with negative earnings - Enterprise value reflects growth expectations but company remains unprofitable - Revenue multiple appears reasonable given growth trajectory but cash burn concerns persist Other Considerations: - Management targeting breakeven by end of 2026, requiring significant improvement in unit economics - Quarterly cash burn of approximately $3-4 million suggests current cash runway of roughly 2-3 quarters without additional funding - Revenue growth of 25% in 2024 provides some confidence in business model traction - Operating leverage potential exists if platform achieves scale, but execution risk remains high
Recent development
Over the past few years, Freightos has executed several strategic initiatives to strengthen its market position and expand its service offerings. The company has significantly expanded its carrier network, growing from 37 carriers in Q2 2023 to 67 carriers by Q4 2024, including major airlines like Singapore Airlines, Delta Cargo, United Airlines, and Qantas. This expansion has been crucial for increasing the platform's value proposition to freight buyers. A major strategic move was the acquisition of Shipsta in 2024, a procurement and tender management platform that serves enterprise customers. This acquisition expanded Freightos' Solutions segment capabilities and provided access to large enterprise clients, with Shipsta contributing approximately $800,000 in Q4 2024 revenue. The integration creates cross-selling opportunities between Freightos' existing freight booking platform and Shipsta's procurement tools. The company has heavily invested in artificial intelligence and technology development, launching an AI-powered dynamic pricing tool called Skyway for airlines and developing a unified software architecture called Fusion to integrate its various solutions. These AI initiatives span across product development, internal operations, and customer-facing tools, positioning Freightos to leverage machine learning for competitive advantage. Freightos has also expanded its service offerings beyond basic freight booking to include integrated logistics services such as payments, insurance, customs brokerage, and interlining capabilities that allow multi-carrier route bookings. The company launched partnerships with major carriers like United Airlines, where Freightos built United's entire cargo web portal, demonstrating its technology capabilities beyond its own marketplace. Looking ahead, management is preparing a major upgrade to the freightos.com marketplace in 2025 and continues to target the digitalization of ocean freight, which represents a much larger market opportunity than air cargo. The company expects ocean carriers to develop APIs that would enable more seamless digital integration, potentially unlocking significant growth in maritime logistics.
CRGO company profile · for informational purposes only — not investment advice.
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