Freightos Q4 revenue up 25%, 2024 revenue up 17%
Freightos is expecting revenue of $6.7-6.8 million in the first quarter of 2025 and $29-30.6 million for the full year.
Freightos reported a 25 percent increase in fourth quarter 2024 revenue at $6.6 million compared to $5.3 million in Q42023 on continued strong growth from the WebCargo by Freightos platform and from customs clearance services.
"Gross Booking Value (GBV) was $280.7 million in the fourth quarter, up 50 percent compared to the fourth quarter of 2023, significantly exceeding management's expectations and reflecting a run rate of over $1 billion," says an official release.
For 2024, revenue increased 17 percent to $23.8 million and loss declined to $22.5 million from $65.5 million in 2023, the release added.
"Freightos continues to lead the digital transformation of global freight, delivering in the fourth quarter our highest revenue growth rate since going public, our strongest carrier expansion ever, and record gross profit margin," says Zvi Schreiber, CEO, Freightos. "In an industry that is still in the early stages of digital adoption, our platform is proving vitally important - connecting more carriers, freight forwarders and importers/exporters than ever before. We have ambitious plans for product launches and aggressive adoption of AI this year, setting the stage for growth to breakeven by the end of 2026. I'm excited to welcome Pablo Pinillos as our new CFO starting next week, bringing fresh leadership as we advance our vision for a more connected and digital global freight industry, supporting smoother global trade."
Outlook for 2025
Freightos is expecting revenue of $6.7-6.8 million in the first quarter of 2025 and $29-30.6 million for the full year.
GBV is likely to increase 41-45 percent in Q12025 to 272-280 million, and 28-34 percent to $1.1-1.2 billion for the full year.
