Freight Technologies, Inc.

What they do

Freight Technologies offers a portfolio of digital logistics solutions, including Fr8App for full truckload (FTL) cross-border shipping, Fr8Now for less-than-truckload (LTL), Fr8Fleet for enterprise capacity in Mexico, Waavely for ocean freight, and Fleet Rocket, a Transportation Management System (TMS). The company generates revenue from freight brokerage services and software subscriptions, with an increasing focus on higher-margin SaaS and AI-driven products.

Revenue drivers

• Freight Brokerage (Fr8App and Fr8Now) — Core revenue source from arranging FTL and LTL shipments, primarily cross-border US-Mexico. Revenue declined from $4.3M in Q1 2024 to $3.0M in Q2 2025, reflecting the impact of tariffs and a shift to selective customer engagement.
• Fleet Rocket (SaaS TMS) — Newly launched Transportation Management System software; initial enterprise sales completed in Q2 2025, representing a strategic pivot toward recurring software revenue.
• Other technology solutions (Fr8Fleet, Waavely, AI Agents) — Fr8Fleet provides dedicated capacity services in Mexico; Waavely is a digital ocean freight booking platform; AI Logistics Worker agents are in prototype stage. These are earlier-stage but part of the portfolio expansion.

Recent performance

For Q2 2025, the company reported revenue of $3.0 million, down from $3.8 million in Q2 2024, but achieved a net profit of $649 thousand (21.7% net margin) driven by cryptocurrency investments. Operating loss improved to -$1.5 million from -$1.7 million year-over-year. Full-year 2025 revenue was $13.1 million, with a net loss of -$7.9 million, and cash at year-end was $0.35 million.

Strategy

Management is shifting from low-margin freight brokerage to higher-margin SaaS and AI innovations, focusing on software sales like Fleet Rocket and AI-driven logistics tools. The company is also leveraging cryptocurrency treasury investments as a profit source, and improving operational margins in its brokerage business by being more selective with customers. Investment priorities include enhancing Fr8App features, developing AI Logistics Worker agents with partners like Fetch.ai and the University of Monterrey, and expanding cross-functional integrations and EDI connections.

Risks

• Revenue decline — Revenue has fallen from $25.9M in 2022 to $13.1M in 2025, with Q2 2025 revenue down 21% year-over-year, indicating shrinking scale.
• Cash and liquidity — Cash and equivalents were only $346,718 as of December 31, 2025, with operating cash flow negative for five consecutive years (-$4.5M in 2025).
• Dependence on cryptocurrency — Q2 2025 net profit was driven by crypto investments (FET tokens and Official Trump coins), which are volatile and not a sustainable operating income source.
• Tariff and trade policy uncertainty — Higher tariffs and trade policy uncertainty impact core cross-border US-Mexico brokerage business, as cited in Q2 2025 results and lower 2025 outlook.

Outlook

Management lowered 2025 full-year revenue guidance to $13 million to $16 million and operating loss to -$4.5 million to -$6.3 million, citing the shift to software sales, selective brokerage engagement, and tariff impacts. The company remains focused on completing the SaaS transition and expects continued progress in AI innovations and software adoption. Q2 2025 results showed initial profitability from crypto investments, but operating losses persist.