Freightos Q12025 revenue up 30%

Freightos, the leading vendor-neutral digital booking and payment platform, reported a 30 percent increase in revenue at $6.9 million for the first quarter ended March 31, 2025 and an adjusted loss of $4.5 million compared to $4.6 million in the same period last year.

"Freightos achieved 370,900 transactions in the first quarter of 2025, up 25 percent year over year. This was the 21st consecutive quarter of record transactions. Growth reflected increased usage across our existing network of carriers, forwarders, and importers/exporters, alongside steady additions of new participants," says an official release.

Gross Booking Value (GBV) was $276.1 million in the first quarter, up 43 percent compared to the first quarter of 2024. The growth was supported by higher transaction volumes across the platform, freight rate stability and larger average transactions in key trade lanes, the release added.

"Freightos delivered another strong quarter of growth as we continue to lead the digital transformation of global freight," says Zvi Schreiber, CEO, Freightos. "The launch of our comprehensive Freightos Enterprise Suite marks a significant milestone in unifying shipping procurement, booking and execution processes for large importers and exporters, leveraging our own software combined with software that we acquired in the Shipsta acquisition. While recent tariff announcements have created uncertainty in global trade, our vendor-neutral digital platform has become even more valuable in the volatile environment, helping our customers navigate complexity through digitalisation, which enhances visibility and agility.

"The largest segment of our platform, airline eBookings, has minimal exposure to China-U.S. trade flows. With the vast majority of international freight still booked offline, we see an immense opportunity for our digital solutions regardless of short-term fluctuations related to changes in trade policy."

Pablo Pinillos, CFO, Freightos adds: "We delivered strong first quarter results with revenue growth of 30 percent year-over-year, exceeding our expectations. The resilience of our business model gives us confidence to maintain our full-year outlook. We are closely monitoring the evolving macro environment including trade policy changes, potential freight rate volatility and broader economic uncertainties. These do create elevated risk but our strong balance sheet positions us with resilience to navigate these dynamics while continuing to invest in growth opportunities."

Cash and cash equivalents amounted to $36.4 million at the end of March 2025, the release added.

Outlook
Freightos is expecting Q2 revenue of $7-7.1 million (an increase of 23-25 percent and $29-30.6 million for FY2025 (increase of 22-29 percent), the release added.

Also Read:Zvi Schreiber, Chief Executive Officer, Freightos