CRGO Nasdaq Arrangement Of Transportation Of Freight & Cargo Financials FY2020βFY2025
Freightos Ltd had $29.5M of revenue in fiscal 2025, up 23.9% on the year before. Over five years, revenue changed +28.2% a year on average.
Hi! I read Freightos Ltdβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+23.9%
Yes. Sales grew 23.9% last year.
Does it make a profit?
β59.5%
No. It lost money last year.
Does profit turn into cash?
β30.6%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Freightos Ltd did it, and the next one. Share prices often move a lot on those days.
Next results
November 16, 2026
Monday Β· in 21 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Mar 26, 2026 | Period ended Dec 31, 2025 | Before the market opens | 20-F β |
| Mar 24, 2025 | Period ended Dec 31, 2024 | During market hours | 20-F β |
| Mar 21, 2024 | Period ended Dec 31, 2023 | Before the market opens | 20-F β |
| Mar 30, 2023 | Period ended Dec 31, 2022 | After the market closes | 20-F β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Freightos Ltd had $29.5M of revenue in fiscal 2025, up 23.9% on the year before. Over five years, revenue changed +28.2% a year on average. Its operating margin was β65.0%, up 31.5Β pts: of every 100 in sales, about β65 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Margins, % of revenue
KIRA Β· Freightos Ltd lost $17.5M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$9.0M in fiscal 2025, β30.6% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Freightos Ltd can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $25.1M | $6.5M | $20.2M | $10.1M | $13.3M |
| Debt incl. finance leases | β | $2.5M | β | β | β |
| Debt / equity | β | 1.5x | β | β | β |
| Interest coverage | β104.8x | β53.5x | β201.0x | β128.9x | β71.5x |
| Current ratio | 2.3x | 0.8x | 4.4x | 2.7x | 2.2x |
| Quick ratio | 2.3x | 0.8x | 4.4x | 2.7x | 2.2x |
| Total assets | $54.1M | $41.8M | $87.7M | $73.8M | $62.7M |
| Total liabilities | $19.2M | $40.1M | $15.6M | $18.9M | $19.8M |
| Shareholders' equity | $34.9M | $1.7M | $72.0M | $54.9M | $42.9M |
| Net debt (β = net cash) | β | β$4.0M | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Freightos Ltd passes 4 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β |
| F-score | β / 3 | β / 5 | 3 / 8 | 2 / 8 | 4 / 8 | 4 / 8 |
| Accruals ratio | β | 1.8% | β20.4% | β59.3% | β12.9% | β12.7% |
| Altman Z'' | β | β3.26 | β13.76 | β4.53 | β5.61 | β9.41 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | $8.5M | $11.1M | $19.1M | $20.3M | $23.8M | $29.5M |
| Gross profit | $4.2M | $6.5M | $11.2M | $11.8M | $15.5M | $19.7M |
| Research and development | $6.9M | $7.8M | $10.2M | $11.5M | $10.3M | $11.9M |
| Operating income | β$13.9M | β$16.3M | β$24.3M | β$77.8M | β$22.9M | β$19.2M |
| Interest expense | $0.2M | $0.2M | $0.5M | $0.4M | $0.2M | $0.3M |
| Pretax income | β$13.9M | β$16.4M | β$24.5M | β$65.6M | β$21.9M | β$17.4M |
| Income tax | $0.3M | $0.0M | $0.2M | β$0.1M | $0.6M | $0.1M |
| Net income | β$14.2M | β$16.4M | β$24.7M | β$65.5M | β$22.5M | β$17.5M |
| Diluted EPS | β$3.48 | β$3.94 | β$4.25 | β$1.47 | β$0.46 | β$0.35 |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.04B | 0.05B | 0.05B |
| Cash flow | ||||||
| Cash from operations | β$8.3M | β$17.3M | β$14.9M | β$27.1M | β$12.1M | β$8.9M |
| Capital expenditure | $0.1M | $0.2M | $0.3M | $0.1M | $0.0M | $0.1M |
| Free cash flow | β$8.3M | β$17.5M | β$15.2M | β$27.2M | β$12.1M | β$9.0M |
| Depreciation and amortization | $1.3M | $1.1M | $2.4M | $2.8M | $3.1M | $3.4M |
| Stock-based compensation | $0.8M | $0.9M | $1.9M | $5.4M | $3.6M | $4.3M |
| Acquisitions | β | $4.4M | $4.2M | β | $3.4M | β |
| Balance sheet | ||||||
| Cash and short-term investments | $21.9M | $25.1M | $6.5M | $20.2M | $10.1M | $13.3M |
| Total debt | β | β | $2.5M | β | β | β |
| Current assets | β | $36.8M | $13.0M | $59.7M | $46.1M | $36.1M |
| Current liabilities | β | $16.0M | $17.1M | $13.7M | $17.3M | $16.8M |
| Property and equipment, net | β | $0.7M | $0.8M | $0.6M | $0.4M | $0.3M |
| Goodwill | β | $8.0M | $15.6M | $15.6M | $15.0M | $14.8M |
| Intangible assets | β | $5.3M | $9.5M | $7.6M | $8.9M | $6.8M |
| Total assets | β | $54.1M | $41.8M | $87.7M | $73.8M | $62.7M |
| Total liabilities | β | $19.2M | $40.1M | $15.6M | $18.9M | $19.8M |
| Shareholders' equity | $18.5M | $34.9M | $1.7M | $72.0M | $54.9M | $42.9M |
| Margins | ||||||
| Gross margin | 49.8% | 58.7% | 58.8% | 58.2% | 65.2% | 66.8% |
| Operating margin | β163.8% | β147.1% | β127.2% | β383.6% | β96.5% | β65.0% |
| EBITDA margin | β148.8% | β137.2% | β114.5% | β369.8% | β83.5% | β53.3% |
| Net margin | β166.6% | β147.1% | β129.4% | β322.8% | β94.6% | β59.5% |
| FCF margin | β97.9% | β157.5% | β79.4% | β134.0% | β51.1% | β30.6% |
| Returns | ||||||
| Return on capital employed | β | β42.9% | β98.2% | β105.1% | β40.6% | β41.7% |
| Return on equity | β76.7% | β61.3% | β135.1% | β177.7% | β35.4% | β35.8% |
| Return on assets | β | β30.2% | β51.5% | β101.1% | β27.9% | β25.7% |
| Return on tangible equity | β76.7% | β75.7% | β | β134.1% | β72.6% | β82.2% |
| Growth | ||||||
| Revenue growth | β | 30.6% | 71.7% | 6.3% | 17.3% | 23.9% |
| Share count change | β | 5.0% | 27.0% | 466.2% | 8.2% | 4.1% |
| Financial health | ||||||
| Debt / equity | β | β | 1.5x | β | β | β |
| Interest coverage | β81.0x | β104.8x | β53.5x | β201.0x | β128.9x | β71.5x |
| Current ratio | β | 2.3x | 0.8x | 4.4x | 2.7x | 2.2x |
| Quick ratio | β | 2.3x | 0.8x | 4.4x | 2.7x | 2.2x |
| Capital allocation | ||||||
| Capex / revenue | 0.7% | 1.6% | 1.3% | 0.4% | 0.2% | 0.5% |
| Stock comp / revenue | 9.7% | 8.4% | 10.0% | 26.8% | 15.2% | 14.6% |
| Quality scores | ||||||
| Piotroski F-score | β | β | 3.0 | 2.0 | 4.0 | 4.0 |
| Altman Z'' | β | β3.3 | β13.8 | β4.5 | β5.6 | β9.4 |
| Accruals ratio | β | 1.8% | β20.4% | β59.3% | β12.9% | β12.7% |
Source: SEC EDGAR XBRL filings (CIK 0001927719). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
