Flexport eyes profitability and IPO after restructuring phase

Flexport is moving into its next growth phase after completing a restructuring that reduced team size and refocused the business on customers, founder and CEO Ryan Petersen said, outlining a strategy centred on disciplined expansion, profitability and a potential public listing within five years.

Petersen said the company reorganised its structure about two years ago, cutting roles and returning to core operations. The changes were designed to make Flexport more customer-focused and strengthen execution. He noted that the restructuring period is now behind the company, positioning it to pursue new opportunities while parts of the logistics sector continue adjusting to market conditions.

The company’s financial roadmap is built around steady growth rather than short-term gains. Petersen said Flexport is targeting roughly 30 per cent top-line revenue growth in 2026, which he expects would make the business “very nicely profitable”. He added that growth will come from improving user experience, expanding globally and helping customers run leaner supply chains. Cost discipline remains important, but he emphasised that creating value for customers is the main driver of expansion.

Freight rate assumptions remain a key factor in planning. Petersen said the company’s financial model currently assumes lower freight prices as additional vessel capacity enters the market, although he stressed that this is a conservative planning approach rather than a market prediction.

Looking ahead, Petersen confirmed that Flexport is likely to go public within the next five years, calling an IPO a milestone rather than the main objective. The company’s longer-term focus is on building global coverage, investing in technology and strengthening customer relationships. As Flexport continues to expand its network and digital capabilities, Petersen said the emphasis remains on growth, operational focus, and maintaining a long-term business approach.