Core Insights - Freightos Limited reported record revenue and transactions for Q3 2025, highlighting the resilience and growing adoption of its digital freight booking platform [2][5] - The company is experiencing a shift towards digital solutions due to freight rate volatility, with a multimodal strategy gaining traction among major freight forwarders [2][5] - Despite some enterprise customers slowing their solution purchases, Freightos is making steady progress towards breakeven while maintaining strong cash reserves [2][6] Financial Performance - Revenue for Q3 2025 reached $7.7 million, a 24% increase from $6.2 million in Q3 2024 [6][21] - IFRS Gross Margin improved to 69.1%, up from 65.0% in Q3 2024, while Non-IFRS Gross Margin rose to 74.8%, compared to 72.7% in the same period [6][23] - The company reported an IFRS loss of $5.0 million for Q3 2025, compared to a loss of $2.7 million in Q3 2024, primarily due to increased market prices of warrants [6][21] Transaction and User Growth - Freightos achieved a record 429,000 transactions in Q3 2025, marking a 27% year-over-year increase [6][5] - The number of unique buyer users reached 20,600, reflecting growth in WebCargo users, although there was a slight reduction in SMB North American custom clearance users due to market uncertainty [6][5] - The platform's Gross Booking Value (GBV) grew to $336 million in Q3 2025, representing a 54% year-over-year increase [6][5] Business Strategy and Outlook - Freightos' multimodal ocean and air solution is expected to capture significant market opportunities as carriers embrace digital distribution channels [2][5] - The company anticipates Q4 2025 transactions to be between 438,000 and 444,000, with a year-over-year growth of 29% to 31% [7] - Revenue for FY 2025 is projected to be between $29.5 million and $29.6 million, reflecting a 24% year-over-year growth [7]
Freightos Reports Third Quarter 2025 Results