Revenue growth has contracted by 5.4% year-over-year as of 2025Q4, while the company continues to struggle with deeply negative gross margins of -21.0%.
| Sales/Revenue | 13.06M | 13.73M | 17.06M | 25.89M | 21.47M | 365.63K | 3.56M | 20.88M | 29.2M | 18.62M | 9.73M |
| Revenue Growth % | -4.85% | -19.53% | -34.1% | 20.56% | 5773.16% | -89.73% | -82.96% | -28.48% | 56.84% | 91.36% | - |
| Cost of Goods Sold | 16.39M | 18.17M | 22.08M | 28.83M | 23.57M | 0 | 62.48K | 714.89K | 729.75K | 390.05K | 243.41K |
| COGS % of Revenue | 125.49% | 132.35% | 129.41% | 111.37% | 109.77% | - | 1.76% | 3.42% | 2.5% | 2.1% | 2.5% |
| Gross Profit | -3.33M | -4.44M | -5.02M | -2.94M | -2.1M | 0 | 3.5M | 20.17M | 28.47M | 18.23M | 9.49M |
| Gross Margin % | -25.49% | -32.35% | -29.41% | -11.37% | -9.77% | - | 98.24% | 96.58% | 97.5% | 97.9% | 97.5% |
| Gross Profit Growth % | 25.02% | 11.49% | -70.45% | -40.23% | - | -100% | -82.67% | -29.16% | 56.2% | 92.16% | - |
| Operating Expenses | 2.56M | 2.05M | 3.24M | 4.12M | 2.71M | 9.48M | 59.87M | 23.12M | 3.63M | 1.58M | 1.72M |
| OpEx % of Revenue | 19.63% | 14.93% | 19.01% | 15.91% | 12.62% | 2592.41% | 1682.44% | 110.7% | 12.44% | 8.51% | 17.64% |
| Selling, General & Admin | 7.05M | 7.4M | 9.21M | 9.08M | 6.42M | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | 53.94% | 53.9% | 53.97% | 35.08% | 29.91% | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -4.48M | -5.35M | -5.96M | -4.96M | -3.71M | 9.48M | 59.87M | 23.12M | 3.63M | 1.58M | 1.72M |
| Operating Income | -5.89M | -6.49M | -8.26M | -7.06M | -4.81M | -9.11M | -56.38M | -2.95M | 24.84M | 16.64M | 7.77M |
| Operating Margin % | -45.12% | -47.27% | -48.42% | -27.28% | -22.39% | -2492.73% | -1584.2% | -14.12% | 85.06% | 89.4% | 79.85% |
| Operating Income Growth % | 9.19% | 21.44% | -16.99% | -46.85% | 47.24% | 83.83% | -1812.05% | -111.87% | 49.23% | 114.22% | - |
| EBITDA | -5.44M | -6.06M | -7.86M | -6.82M | -4.51M | -9.11M | -56.31M | -2.89M | 24.88M | 16.65M | 7.78M |
| EBITDA Margin % | -41.68% | -44.14% | -46.05% | -26.34% | -20.99% | -2492.41% | -1582.44% | -13.83% | 85.19% | 89.45% | 79.94% |
| EBITDA Growth % | 10.15% | 22.87% | -15.23% | -51.29% | 50.55% | 83.82% | -1849.55% | -111.61% | 49.38% | 114.13% | - |
| D&A (Non-Cash Add-back) | 449.37K | 430.41K | 404.6K | 243.33K | 302.1K | 1.18K | 62.36K | 59.91K | 39.31K | 9.98K | 8.26K |
| EBIT | -7.09M | -4.86M | -8.41M | -7.19M | -7.02M | -9.08M | -61.99M | -5.52M | 24.68M | 16.34M | 7.48M |
| Net Interest Income | -762.4K | -673.86K | -807.94K | -907.01K | -1.14M | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 1.77K | 8.88K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 762.4K | 675.63K | 816.82K | 907.01K | 1.14M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -1.96M | 956.51K | -961.46K | -1.04M | -3.35M | 38.87K | -5.61M | -2.57M | -155.17K | -301.62K | -286.28K |
| Pretax Income | -7.85M | -5.53M | -9.22M | -8.1M | -8.16M | -9.08M | -61.99M | -5.52M | 24.68M | 16.34M | 7.48M |
| Pretax Margin % | -60.09% | -40.31% | -54.06% | -31.28% | -38% | -2482.1% | -1741.88% | -26.44% | 84.52% | 87.78% | 76.91% |
| Income Tax | 52.38K | 67.49K | 104.95K | 90.51K | 40.26K | 0 | 7.24K | -1.7M | 633.32K | 2.45M | 1.87M |
| Effective Tax Rate % | -0.67% | -1.22% | -1.14% | -1.12% | -0.49% | 0% | -0.01% | 30.83% | 2.57% | 15.01% | 25% |
| Net Income | -7.9M | -5.6M | -9.33M | -8.19M | -8.2M | -9.08M | -62M | -3.82M | 24.05M | 13.89M | 5.61M |
| Net Margin % | -60.49% | -40.8% | -54.67% | -31.62% | -38.19% | -2482.1% | -1742.08% | -18.29% | 82.36% | 74.6% | 57.68% |
| Net Income Growth % | -41.07% | 39.95% | -13.93% | 0.17% | 9.64% | 85.36% | -1523.46% | -115.88% | 73.15% | 147.48% | - |
| Net Income (Continuing) | -7.9M | -5.6M | -9.33M | -8.19M | -8.2M | -9.08M | -62M | -3.82M | 24.05M | 13.89M | 5.61M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -69.75 | -122.80 | -3897.40 | -10480.00 | -62127.30 | -155830.00 | -999999.00 | -94970.00 | 633600.00 | 381700.00 | 154550.00 |
| EPS Growth % | 43.2% | 96.85% | 62.81% | 83.13% | 60.13% | 89.89% | -1523.55% | -114.99% | 65.99% | 146.98% | - |
| EPS (Basic) | -69.75 | -122.80 | -3897.40 | -10480.00 | -62127.30 | -155830.00 | -999999.00 | -94970.00 | 633600.00 | 381700.00 | 154550.00 |
| Diluted Shares Outstanding | 113.27K | 45.64K | 2.39K | 781 | 132 | 58 | 40 | 40 | 38 | 36 | 36 |
| Basic Shares Outstanding | 113.27K | 45.64K | 2.39K | 781 | 132 | 58 | 40 | 40 | 38 | 36 | 36 |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - |
Liquidity and solvency crisis
As indicated by the most recent quarterly data, FRGT's revenue has experienced a notable decline, with the latest period showing a 5.4% year-over-year contraction, suggesting that the company is struggling to maintain its competitive position within the highly fragmented US-Mexico cross-border logistics corridor.
The persistent revenue volatility appears to reflect a lack of pricing power and an inability to scale transaction volumes effectively. Investors should monitor whether this downward trend is a result of intentional shedding of unprofitable business or a broader loss of market share to more capitalized competitors.
Based on reported financial statements, FRGT continues to operate with deeply negative gross margins, reaching -21.0% in 2025Q4, which implies that the company is effectively subsidizing its shipping services to generate top-line volume rather than capturing a sustainable spread between shipper payments and carrier costs.
This negative margin profile is highly atypical for a software-application firm and suggests that the underlying automated pricing algorithms may be fundamentally flawed. The inability to achieve positive gross margins warrants extreme caution, as it indicates that the core business model currently destroys value with every additional transaction processed.
According to the income statement history, FRGT's operating expenses consistently exceed gross profit, with operating margins remaining deeply negative at -46.2% in the most recent quarter, demonstrating a failure to achieve the necessary scale to cover fixed overheads and administrative burdens.
The company's inability to scale operating income faster than gross profit suggests that the current cost structure is too heavy for the existing revenue base. Without a significant pivot toward operational efficiency or a drastic increase in transaction volume, the path to achieving positive operating leverage appears increasingly narrow.
Data from recent filings reveals a precarious liquidity position, with cash reserves dwindling to approximately $346,718, a figure that appears insufficient to support the company's ongoing operating losses and suggests a high probability of future dilutive financing or potential insolvency risks.
Short-sellers would likely focus on the disconnect between the company's technology-focused narrative and the reality of its cash burn. The reliance on external capital to fund daily operations, combined with negative unit economics, suggests that the current business model may not be viable without a fundamental restructuring.
Quick answers to the most common questions about buying FRGT stock.
For fiscal year 2025, Freight Technologies, Inc. (FRGT) reported total revenue of $13.1M. This represents a 34.3% increase compared to $9.7M in 2015.
Freight Technologies, Inc. (FRGT) reported a net loss of $7.9M for the fiscal year ending 2025.
Freight Technologies, Inc. (FRGT) reported an operating income of $-5.9M, resulting in an operating profit margin of -45.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Freight Technologies, Inc. (FRGT) generated $-3.3M in gross profit for the year, representing a gross profit margin of -25.5%. This demonstrates the company's core pricing power and production efficiency.