Freightos Limited, a leading vendor-neutral global freight pricing, booking, and procurement platform, reported preliminary key performance indicators (KPIs) for the first quarter of 2026. The company plans to release full earnings on May 26, 2026.
These KPIs reflect platform activity. Freightos continues to focus on scaling its solutions and software offerings, which generate most of its revenue. The company will provide further updates on solutions progress in its upcoming earnings release.
Platform Performance
Freightos processed 425,000 transactions in Q1 2026. This marks a 15% year-over-year increase, but falls below management expectations of 446,000–451,000 transactions. The shortfall reflects reduced activity on Middle East routes due to ongoing military conflict and disruptions to major shipping and air corridors.
Excluding Middle East-related routes, transaction growth exceeded expectations. Other regions showed strong performance, supported by increased use of alternative routing.
The company’s active carrier network remained at a record 79 carriers, up from 77 in Q4 2025. Unique buyer users declined slightly to حوالي 20,600, due to reduced Middle East activity. However, this still represents 5% year-over-year growth.
Gross Booking Value (GBV)
Gross Booking Value (GBV) reached $344 million in Q1 2026, a 24% increase year over year. GBV met management expectations. Higher freight rates, driven by capacity constraints linked to the Middle East conflict, offset the lower transaction volume.
The Webcargo portal remained the largest contributor to GBV in absolute terms.
CEO Commentary
“Facilitating 425 thousand transactions during the quarter shows that global logistics companies continue to rely on the Freightos platform to weather volatility,” said Pablo Pinillos, CEO and Interim CFO of Freightos.
“During a regional crisis, our platform helped reallocate volumes to new carrier-route combinations. We remain focused on scaling solution adoption and progressing toward profitability. We view platform activity as a lagging indicator, while deeper utilization will drive long-term growth.”
