Freightos (NasdaqCM:CRGO) Q1 2026 earnings in focus

Freightos (NasdaqCM:CRGO) has opened 2026 with Q1 revenue of US$7.2 million and a basic EPS loss of US$0.13, which helps frame how the stock trades around its recent US$2.09 share price. The company reported revenue of US$6.9 million in Q1 2025 and US$7.2 million in Q1 2026, while quarterly basic EPS moved from a loss of US$0.09 to a loss of US$0.13. The latest update therefore keeps attention on how the company’s margins evolve from here.

See our full analysis for Freightos.

With the headline numbers now available, the next step is to assess how this combination of relatively steady revenue and continued losses aligns with the main Freightos narratives discussed in the market.

Losses widen to US$6.5 million on roughly flat revenue

• Freightos reported Q1 2026 revenue of US$7.16 million and a net loss of US$6.46 million, compared with revenue of US$7.41 million and a net loss of US$3.78 million in Q4 2025, while trailing 12 month revenue stands at US$29.67 million against a trailing 12 month loss of US$19.48 million.
• What stands out for a bearish narrative is that the trailing 12 month loss of US$19.48 million sits against US$29.67 million of trailing 12 month revenue, which means the business is still absorbing a large amount of cost relative to its size.
  • Critics highlight that the Q1 2026 loss of US$6.46 million is larger than the Q4 2025 loss of US$3.78 million, even though revenue in those quarters stayed within a narrow band between roughly US$7.16 million and US$7.67 million.
  • On an earnings per share basis, Q1 2026 basic EPS was a loss of US$0.13 compared with a loss of US$0.07 in Q4 2025, so per share losses moved further away from break even on these figures.

Freightos' recent widening loss alongside fairly stable revenue gives skeptics fresh numbers to point to, and that is exactly what they focus on in their detailed bear case for the stock. 🐻 Freightos Bear Case

Five year loss reduction meets a premium 3.6x P/S tag

• Over the last five years, Freightos has reduced its losses at an average rate of 15.2% per year while the stock currently trades on a P/S ratio of 3.6x, compared with a US logistics industry average of 0.8x and a peer average of 0.2x.
• Supporters of a bullish narrative point to the multi year loss reduction and revenue outlook, and then weigh that against the premium 3.6x P/S multiple.
  • Consensus narrative notes that revenue is forecast to grow by about 13.3% per year, which some bulls see as a reason the market might be willing to value the stock higher than the industry average P/S of 0.8x.
  • At the same time, the trailing 12 month loss of US$19.48 million shows the company is not yet profitable, so the current 3.6x P/S valuation is being supported by expectations rather than current earnings.

With a history of shrinking losses and revenue growth forecasts near 13.3% a year, bulls argue that the premium valuation can make sense, while others may question how long the market will keep paying 3.6x sales for a business that is still loss making. 🐂 Freightos Bull Case

Revenue forecasts meet recent share price volatility

• Revenue is forecast to grow around 13.32% per year, yet the stock has shown more share price volatility than the wider US market over the last three months, with no DCF valuation signal or profit growth forecasts provided in the data.
• What is interesting for both bullish and bearish narratives is how this combination of growth expectations and volatility interacts with ongoing losses and the current US$2.09 share price.
  • Bears argue that above market volatility, alongside a trailing 12 month loss of US$19.48 million and continued quarterly EPS losses between roughly US$0.07 and US$0.20 over the last six reported quarters, underlines the risks investors are taking at US$2.09.
  • Bulls counter that the same volatility can cut both ways when revenue is forecast to grow at about 13.3% per year and the company has reduced losses at an average rate of 15.2% per year over five years, even though the most recent quarter shows a larger loss.

Next Steps

To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Freightos on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.

The mix of widening losses, revenue forecasts and a premium P/S multiple clearly splits opinion. It therefore makes sense to review the figures directly, weigh both the risks and potential rewards in detail, and assess how you feel about the balance of its 2 key rewards and 1 important warning sign

See What Else Is Out There

Freightos is still reporting sizeable losses against its revenue base, with a premium 3.6x P/S multiple and share price volatility adding to overall risk.

If that mix of ongoing losses and a premium valuation feels uncomfortable, you can balance your watchlist by checking companies with steadier profiles using our 65 resilient stocks with low risk scores

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.