Freightera says EBITDA more than doubled as marketplace gross profit rose 40%

Freightera reported first-half 2026 unaudited results showing stronger profitability and liquidity, with consolidated EBITDA up 114% and marketplace gross profit up 40% year over year. The Vancouver freight marketplace said its automated platform remained the main driver of performance as repeat customer activity stayed high.

Why it matters: - Freightera’s first-half results point to a business model that is scaling with more profit than revenue. - The company reported that consolidated EBITDA more than doubled while cash improved and working capital strengthened. - Strong repeat-customer activity suggests the marketplace continues to retain demand as competition and freight pricing remain key industry risks.

What happened: - Freightera Logistics Inc. announced unaudited financial results for the six months ended June 30, 2026, compared with the same period in 2025. - Consolidated revenue rose 7%, gross profit rose 27%, net income rose 66% and EBITDA rose 114%. - Marketplace revenue grew about 22% and marketplace gross profit grew about 40%. - Cash more than tripled during the period, and working capital improved by C$4.0 million. - Freightera also completed a new credit facility.

The details: - Consolidated results include Freightera’s wholly owned freight brokerage subsidiary. - Marketplace figures reflect the automated marketplace platform on a standalone basis. - Freightera said 61% of the incremental gross profit flowed through to EBITDA. - EBITDA represented about 24% of gross profit in the first half of 2026, up from about 14% a year earlier. - Operating expenses increased about 12% year over year, slower than gross profit growth. - Management said gross profit is the primary measure of marketplace performance because it reflects the economic value created after carrier transportation and related direct costs. - Approximately 88% of revenue and 95% of bookings came from repeat customers in the first half of 2026.

Between the lines: - The results suggest Freightera is improving operating leverage as the marketplace expands. - Founder and CEO Eric Beckwitt said the company is growing gross profit faster than operating expenses, which is expanding margins and increasing leverage while remaining highly capital efficient. - The company’s emphasis on gross profit, rather than revenue alone, signals that platform economics are the main story behind the growth. - Freightera’s automated marketplace remains the primary driver of financial performance.

What’s next: - Freightera said it will continue investing for long-term growth. - The company’s forward-looking risks include freight demand and pricing swings, competition in freight brokerage and marketplace services, and reliance on third-party carriers. - Further margin expansion will likely depend on whether gross profit keeps outpacing operating expenses.

The bottom line: - Freightera’s first-half 2026 report shows a freight marketplace gaining scale, improving margins and turning more of its gross profit into EBITDA.**