NASDAQ : CRGO
Freightos Limited — Financial statements
Industrials · Integrated Freight & Logistics · Spain
Last price 0.6751 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 35.15M
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Financial statements
Freightos Limited (CRGO) reported revenue of 29.92M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 29.92M | 29.46M | 23.79M | 20.28M | 19.09M | 11.12M |
| Cost of Revenue | 9.91M | 9.78M | 8.29M | 8.48M | 7.86M | 4.56M |
| Gross Profit | 20.02M | 19.68M | 15.50M | 11.80M | 11.23M | 6.56M |
| Selling, General & Admin | 26.55M | 26.90M | 24.89M | 28.37M | 23.33M | 15.08M |
| Research & Development | 11.71M | 11.94M | 10.28M | 11.51M | 10.22M | 7.82M |
| Operating Expenses | 38.26M | 38.84M | 35.16M | 39.88M | 33.55M | 22.90M |
| Operating Income | -18.25M | -19.16M | -19.66M | -28.08M | -22.32M | -16.35M |
| Interest Expense | -269.00K | -268.00K | -178.00K | -387.00K | -454.00K | -156.00K |
| Interest & Investment Income | 1.14M | 1.83M | 2.21M | 3.19M | 194.00K | 150.00K |
| Other Non Operating Income (Expenses) | 2.26M | 227.00K | -965.00K | 9.44M | ||
| EBT Excluding Unusual Items | -15.12M | -17.37M | -18.60M | -15.84M | -22.58M | -16.35M |
| Merger & Restructuring Charges | -1.49M | -283.00K | -4.59M | -2.89M | ||
| Impairment of Goodwill | -3.00M | |||||
| Other Unusual Items | -45.13M | 935.00K | ||||
| Pretax Income | -16.60M | -17.37M | -21.88M | -65.56M | -24.53M | -16.35M |
| Income Tax Expense | 224.00K | 146.00K | 612.00K | -85.00K | 169.00K | 4.00K |
| Net Income | -16.83M | -17.52M | -22.49M | -65.47M | -24.70M | -16.36M |
| Preferred Dividends & Other Adjustments | 639.00K | 9.04M | 8.21M | |||
| Net Income to Common | -16.83M | -17.52M | -22.49M | -66.11M | -33.74M | -24.57M |
| Shares Outstanding (Basic) | 51.37M | 50.57M | 48.58M | 44.91M | 7.93M | 6.24M |
| Shares Outstanding (Diluted) | 51.37M | 50.57M | 48.58M | 44.91M | 7.93M | 6.24M |
| EPS (Basic) | -0.33 | -0.35 | -0.46 | -1.47 | -4.25 | -3.94 |
| EPS (Diluted) | -0.33 | -0.35 | -0.46 | -1.47 | -4.25 | -3.94 |
| Free Cash Flow | -12.42M | -9.00M | -12.15M | -27.18M | -15.16M | -17.50M |
| Free Cash Flow Per Share | -0.24 | -0.18 | -0.25 | -0.60 | -1.91 | -2.80 |
| Gross Margin | 66.89% | 66.81% | 65.17% | 58.19% | 58.82% | 58.97% |
| Operating Margin | -60.97% | -65.02% | -82.67% | -138.45% | -116.95% | -147.05% |
| Profit Margin | -56.24% | -59.46% | -94.56% | -325.98% | -176.78% | -221.00% |
| Free Cash Flow Margin | -41.51% | -30.56% | -51.07% | -134.00% | -79.43% | -157.46% |
| EBITDA | -15.61M | -16.46M | -17.29M | -25.29M | -19.91M | -15.25M |
| EBITDA Margin | -52.15% | -55.86% | -72.71% | -124.69% | -104.31% | -137.18% |
| D&A For EBITDA | 2.64M | 2.70M | 2.37M | 2.79M | 2.41M | 1.10M |
| EBIT | -18.25M | -19.16M | -19.66M | -28.08M | -22.32M | -16.35M |
| EBIT Margin | -60.97% | -65.02% | -82.67% | -138.45% | -116.95% | -147.05% |
| Advertising Expenses | 1.42M | 1.52M | 1.99M | 2.28M | 570.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 13.31M | 13.35M | 10.12M | 20.16M | 6.49M | 25.08M |
| Short-Term Investments | 8.06M | 14.55M | 27.15M | 31.52M | 200.00K | |
| Cash & Short-Term Investments | 21.37M | 27.89M | 37.27M | 51.69M | 6.69M | 25.08M |
| Accounts Receivable | 4.67M | 3.77M | 3.06M | 1.88M | 1.94M | 1.67M |
| Other Receivables | 1.29M | 428.00K | 570.00K | 1.94M | 536.00K | 128.00K |
| Receivables | 5.96M | 4.20M | 3.63M | 3.82M | 2.47M | 1.79M |
| Prepaid Expenses | 1.13M | 711.00K | 661.00K | 479.00K | 756.00K | |
| Other Current Assets | 3.55M | 2.88M | 4.49M | 3.55M | 3.33M | 9.20M |
| Total Current Assets | 30.88M | 36.11M | 46.10M | 59.72M | 12.97M | 36.83M |
| Property, Plant & Equipment | 2.34M | 2.60M | 1.61M | 2.16M | 2.15M | 2.69M |
| Goodwill | 14.74M | 14.81M | 15.04M | 15.63M | 15.63M | 8.02M |
| Other Intangible Assets | 5.48M | 6.79M | 8.85M | 7.61M | 9.46M | 5.30M |
| Long-Term Deferred Tax Assets | 520.00K | 560.00K | 536.00K | 969.00K | 573.00K | 577.00K |
| Other Long-Term Assets | 1.81M | 1.83M | 1.64M | 1.60M | 1.02M | 667.00K |
| Total Assets | 55.77M | 62.70M | 73.78M | 87.69M | 41.81M | 54.08M |
| Accounts Payable | 4.66M | 5.10M | 2.73M | 3.11M | 3.23M | 587.00K |
| Accrued Expenses | 3.09M | 2.54M | 2.83M | 2.48M | 4.55M | 2.53M |
| Short-Term Debt | 2.50M | |||||
| Current Portion of Leases | 594.00K | 627.00K | 615.00K | 587.00K | 613.00K | 655.00K |
| Current Unearned Revenue | 3.11M | 2.84M | 3.15M | 2.25M | 1.92M | 1.99M |
| Other Current Liabilities | 4.96M | 5.64M | 7.99M | 5.23M | 4.25M | 10.23M |
| Total Current Liabilities | 16.41M | 16.75M | 17.31M | 13.67M | 17.08M | 15.99M |
| Long-Term Leases | 1.57M | 1.75M | 339.00K | 712.00K | 395.00K | 1.09M |
| Pension & Post-Retirement Benefits | 1.19M | 1.27M | 1.24M | 1.26M | 1.29M | 1.39M |
| Other Long-Term Liabilities | 6.00K | 1.38M | 687.00K | |||
| Total Liabilities | 19.17M | 19.77M | 18.89M | 15.64M | 20.15M | 19.16M |
| Common Stock | 1.00K | 1.00K | ||||
| Additional Paid-In Capital | 268.50M | 266.58M | 261.77M | 256.19M | 140.23M | 129.06M |
| Retained Earnings | -232.28M | -224.19M | -206.67M | -184.18M | -118.71M | -94.00M |
| Comprehensive Income & Other | 371.00K | 524.00K | -211.00K | 27.00K | 137.00K | -132.00K |
| Shareholders' Equity | 36.60M | 42.92M | 54.89M | 72.04M | 21.66M | 34.92M |
| Total Liabilities & Equity | 55.77M | 62.70M | 73.78M | 87.69M | 41.81M | 54.08M |
| Total Debt | 2.17M | 2.37M | 954.00K | 1.30M | 3.51M | 1.74M |
| Net Cash (Debt) | 19.20M | 25.52M | 36.32M | 50.39M | 3.18M | 23.34M |
| Net Cash Per Share | 0.37 | 0.50 | 0.75 | 1.12 | 0.40 | 3.74 |
| Filing Date Shares Outstanding | 52.07M | 51.68M | 50.04M | 47.99M | 47.44M | 7.98M |
| Total Common Shares Outstanding | 52.07M | 51.38M | 49.73M | 47.89M | 47.44M | 6.95M |
| Working Capital | 14.47M | 19.36M | 28.79M | 46.05M | -4.11M | 20.84M |
| Book Value Per Share | 0.70 | 0.84 | 1.10 | 1.50 | 0.46 | 5.03 |
| Tangible Book Value | 16.38M | 21.32M | 31.00M | 48.81M | -3.43M | 21.60M |
| Tangible Book Value Per Share | 0.31 | 0.41 | 0.62 | 1.02 | -0.07 | 3.11 |
| Machinery | 1.25M | 1.21M | 1.17M | 1.11M | 944.00K | |
| Leasehold Improvements | 402.00K | 976.00K | 938.00K | 937.00K | 953.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -16.83M | -17.52M | -22.49M | -65.47M | -24.70M | -16.36M |
| Depreciation & Amortization | 3.39M | 3.45M | 3.08M | 2.79M | 2.41M | 1.10M |
| Asset Writedown & Restructuring Costs | 3.00M | |||||
| Stock-Based Compensation | 4.53M | 4.31M | 3.98M | 5.75M | 4.53M | 2.89M |
| Other Operating Activities | -2.06M | 111.00K | 1.84M | 33.63M | -835.00K | -55.00K |
| Change in Accounts Receivable | -728.00K | -521.00K | -920.00K | 143.00K | 58.00K | -613.00K |
| Change in Accounts Payable | -947.00K | 2.29M | -957.00K | -176.00K | 1.78M | 403.00K |
| Change in Other Net Operating Assets | 320.00K | -991.00K | 366.00K | -3.76M | 1.85M | -4.69M |
| Operating Cash Flow | -12.32M | -8.87M | -12.10M | -27.10M | -14.91M | -17.32M |
| Capital Expenditures | -100.00K | -135.00K | -48.00K | -80.00K | -251.00K | -181.00K |
| Sale of Property, Plant & Equipment | 1.00K | 26.00K | 2.00K | 8.00K | 5.00K | 2.00K |
| Cash Acquisitions | -3.35M | -4.18M | -4.37M | |||
| Investment in Securities | 6.00M | 12.00M | 5.52M | -31.52M | -200.00K | |
| Other Investing Activities | -225.00K | -262.00K | -46.00K | -569.00K | -346.00K | |
| Investing Cash Flow | 5.68M | 11.63M | 2.08M | -32.16M | -4.97M | -4.55M |
| Short-Term Debt Issued | 2.50M | |||||
| Total Debt Issued | 2.50M | |||||
| Short-Term Debt Repaid | -2.50M | |||||
| Long-Term Debt Repaid | -704.00K | -629.00K | -549.00K | -688.00K | -938.00K | |
| Lease Payments | -817.00K | -704.00K | -629.00K | -549.00K | -688.00K | -574.00K |
| Total Debt Repaid | -817.00K | -704.00K | -629.00K | -3.05M | -688.00K | -938.00K |
| Net Debt Issued (Repaid) | -817.00K | -704.00K | -629.00K | -3.05M | 1.82M | -938.00K |
| Issuance of Common Stock | 380.00K | 682.00K | 714.00K | 76.23M | 73.00K | 33.00K |
| Financing Cash Flow | -437.00K | -22.00K | 85.00K | 73.18M | 1.89M | 25.23M |
| Foreign Exchange Rate Adjustments | 385.00K | 463.00K | -91.00K | -247.00K | -594.00K | -167.00K |
| Miscellaneous Cash Flow Adjustments | 27.00K | 27.00K | -19.00K | |||
| Net Cash Flow | -6.67M | 3.23M | -10.05M | 13.67M | -18.59M | 3.19M |
| Free Cash Flow | -12.42M | -9.00M | -12.15M | -27.18M | -15.16M | -17.50M |
| Free Cash Flow Margin | -41.51% | -30.56% | -51.07% | -134.00% | -79.43% | -157.46% |
| Free Cash Flow Per Share | -0.24 | -0.18 | -0.25 | -0.60 | -1.91 | -2.80 |
| Levered Free Cash Flow | -7.31M | -4.47M | -2.58M | -11.97M | -3.45M | -10.84M |
| Unlevered Free Cash Flow | -7.14M | -4.31M | -2.46M | -11.72M | -3.16M | -10.74M |
| Free Cash Flow After Leases | -13.24M | -9.71M | -12.78M | -27.73M | -15.85M | -18.08M |
| Cash Income Tax Paid | 93.00K | 40.00K | 343.00K | 430.00K | 167.00K | 62.00K |
| Change in Working Capital | -1.35M | 782.00K | -1.51M | -3.79M | 3.69M | -4.90M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 33.33M | 116.93M | 150.54M | 158.64M | 148.52M | 142.48M |
| Enterprise Value | 14.12M | 88.05M | 110.45M | 104.31M | 137.47M | |
| Last Close Price | 0.68 | 2.28 | 3.05 | 3.33 | 10.19 | 9.78 |
| PS Ratio | 1.22 | 3.97 | 6.33 | 7.82 | 7.78 | 12.82 |
| PB Ratio | 0.96 | 2.72 | 2.74 | 2.20 | 6.86 | 4.08 |
| P/TBV Ratio | 2.23 | 5.48 | 4.86 | 3.25 | 6.60 | |
| EV/Sales Ratio | 0.58 | 2.99 | 4.64 | 5.14 | 7.20 | |
| Debt / Equity Ratio | 0.06 | 0.06 | 0.02 | 0.02 | 0.16 | 0.05 |
| Net Debt / Equity Ratio | -0.53 | -0.59 | -0.66 | -0.70 | -0.15 | -0.67 |
| Net Debt / EBITDA Ratio | 1.23 | 1.55 | 2.10 | 1.99 | 0.16 | 1.53 |
| Net Debt / FCF Ratio | 1.55 | 2.83 | 2.99 | 1.85 | 0.21 | 1.33 |
| Asset Turnover | 0.47 | 0.43 | 0.29 | 0.31 | 0.40 | 0.26 |
| Quick Ratio | 1.67 | 1.92 | 2.36 | 4.06 | 0.54 | 1.68 |
| Current Ratio | 1.88 | 2.15 | 2.66 | 4.37 | 0.76 | 2.30 |
| Return on Equity (ROE) | -39.43% | -35.82% | -35.44% | -139.75% | -87.31% | -61.27% |
| Return on Assets (ROA) | -17.90% | -17.54% | -15.22% | -27.11% | -29.10% | -23.97% |
| Return on Capital Employed (ROCE) | -46.30% | -41.70% | -34.80% | -37.90% | -90.30% | -42.90% |
| Earnings Yield | -51.18% | -14.98% | -14.94% | -41.27% | -16.63% | -11.48% |
| FCF Yield | -34.06% | -7.70% | -8.07% | -17.13% | -10.21% | -12.29% |
| Buyback Yield / Dilution | -3.59% | -4.10% | -8.18% | -466.23% | -27.04% | -5.00% |