Freightos Q1 Transactions Up 15% Versus 20-22% Target; GBV Hits $343M
Freightos’ Q1 2026 platform handled 425k transactions, up 15% year-over-year but below the 20-22% forecast, while gross booking value hit $343m, a 24% annual increase. Carrier count reached a record 79 and buyer users totaled 20,600, up 5%, with solutions revenue details slated for the May 26 earnings release.
1. Q1 2026 Platform KPIs
Freightos processed 425,000 transactions in Q1 2026, marking a 15% year-over-year increase versus a 20-22% target. Gross booking value reached $343 million, up 24% from the prior year and in line with management expectations.
2. Regional Disruption Impact
Transaction volumes were weighed down by reduced activity on Middle East routes due to ongoing conflict and shipping disruptions. Excluding those lanes, transaction growth outpaced forecasts as shippers adopted alternative routing.
3. Network and User Growth
The carrier network expanded to 79 active partners, up from 77 in Q4 2025, setting a new record. Unique buyer users dipped sequentially to 20,600 but rose 5% year-over-year, reflecting resilient demand outside impacted regions.
4. Earnings and Strategic Outlook
Freightos plans to report full Q1 financials on May 26 and will discuss progress on its solutions-led strategy, which now constitutes the majority of revenue. Management reiterated its focus on scaling software offerings and advancing toward profitability.