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Side-by-side financial comparison of Freightos Ltd (CRGO) and KKR Real Estate Finance Trust Inc. (KREF). Click either name above to swap in a different company.

KKR Real Estate Finance Trust Inc. is the larger business by last-quarter revenue ($25.8M vs $17.2M, roughly 1.5× Freightos Ltd). Over the past eight quarters, Freightos Ltd's revenue compounded faster (34.2% CAGR vs -18.8%).

Freightos is a software company that operates a booking and payments platform for international freight, using a SaaS-Enabled Marketplace model. The platform, which connects airlines, ocean liners, trucking carriers, freight forwarders, and importers or exporters, facilitates transactions at a run-rate of 1.4 million per year connecting 77 air and ocean carriers with thousands of freight forwarders and importers/exporters.

KKR Real Estate Finance Trust Inc. is a specialized real estate finance firm sponsored by global investment firm KKR. It primarily originates, acquires, and manages a portfolio of senior secured commercial real estate loans, mostly backed by high-quality institutional commercial properties across the United States, delivering stable risk-adjusted returns to investors via interest income from its diversified assets.

CRGO vs KREF — Head-to-Head

Bigger by revenue
KREF
KREF
1.5× larger
KREF
$25.8M
$17.2M
CRGO
Faster 2-yr revenue CAGR
CRGO
CRGO
Annualised
CRGO
34.2%
-18.8%
KREF

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
CRGO
CRGO
KREF
KREF
Revenue
$17.2M
$25.8M
Net Profit
$-26.2M
Gross Margin
64.2%
Operating Margin
-86.7%
-105.1%
Net Margin
-101.7%
Revenue YoY
-26.6%
Net Profit YoY
-229.6%
EPS (diluted)
$48321451.00
$-0.49

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CRGO
CRGO
KREF
KREF
Q4 25
$25.8M
Q3 25
$17.2M
$25.3M
Q2 25
$11.0M
$30.2M
Q1 25
$5.4M
$31.3M
Q4 24
$35.1M
Q3 24
$15.0M
$37.0M
Q2 24
$9.9M
$40.4M
Q1 24
$4.8M
$39.1M
Net Profit
CRGO
CRGO
KREF
KREF
Q4 25
$-26.2M
Q3 25
$13.8M
Q2 25
$-8.8M
$-29.7M
Q1 25
$-4.9M
Q4 24
$20.3M
Q3 24
$-7.4M
Q2 24
$-9.9M
$25.8M
Q1 24
$-3.1M
Gross Margin
CRGO
CRGO
KREF
KREF
Q4 25
Q3 25
64.2%
Q2 25
87.5%
Q1 25
62.6%
Q4 24
Q3 24
56.8%
Q2 24
70.8%
Q1 24
58.3%
Operating Margin
CRGO
CRGO
KREF
KREF
Q4 25
-105.1%
Q3 25
-86.7%
50.4%
Q2 25
-83.5%
-101.3%
Q1 25
-102.4%
-18.3%
Q4 24
55.8%
Q3 24
-487.0%
-19.6%
Q2 24
-101.3%
63.3%
Q1 24
-1201.7%
-8.7%
Net Margin
CRGO
CRGO
KREF
KREF
Q4 25
-101.7%
Q3 25
54.4%
Q2 25
-79.7%
-98.5%
Q1 25
-15.5%
Q4 24
57.7%
Q3 24
-20.0%
Q2 24
-100.1%
63.9%
Q1 24
-7.9%
EPS (diluted)
CRGO
CRGO
KREF
KREF
Q4 25
$-0.49
Q3 25
$48321451.00
$0.12
Q2 25
$-0.18
$-0.53
Q1 25
$47962821.00
$-0.15
Q4 24
$0.22
Q3 24
$43839445.00
$-0.19
Q2 24
$-0.21
$0.29
Q1 24
$36231234.00
$-0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CRGO
CRGO
KREF
KREF
Cash + ST InvestmentsLiquidity on hand
$10.1M
$84.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$54.9M
$1.2B
Total Assets
$73.8M
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRGO
CRGO
KREF
KREF
Q4 25
$84.6M
Q3 25
$10.1M
$204.1M
Q2 25
$20.0M
$107.7M
Q1 25
$10.1M
$106.4M
Q4 24
$104.9M
Q3 24
$20.2M
$108.8M
Q2 24
$21.0M
$107.2M
Q1 24
$20.2M
$106.5M
Stockholders' Equity
CRGO
CRGO
KREF
KREF
Q4 25
$1.2B
Q3 25
$54.9M
$1.2B
Q2 25
$48.8M
$1.2B
Q1 25
$54.9M
$1.3B
Q4 24
$1.3B
Q3 24
$72.0M
$1.4B
Q2 24
$64.3M
$1.4B
Q1 24
$72.0M
$1.4B
Total Assets
CRGO
CRGO
KREF
KREF
Q4 25
$6.5B
Q3 25
$73.8M
$6.5B
Q2 25
$71.6M
$6.8B
Q1 25
$73.8M
$6.6B
Q4 24
$6.4B
Q3 24
$87.7M
$6.8B
Q2 24
$82.2M
$7.1B
Q1 24
$87.7M
$7.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CRGO
CRGO
KREF
KREF
Operating Cash FlowLast quarter
$-7.6M
$72.3M
Free Cash FlowOCF − Capex
$-7.6M
FCF MarginFCF / Revenue
-44.2%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRGO
CRGO
KREF
KREF
Q4 25
$72.3M
Q3 25
$-7.6M
$18.5M
Q2 25
$-2.5M
$21.1M
Q1 25
$15.9M
Q4 24
$132.6M
Q3 24
$-24.1M
$49.1M
Q2 24
$-4.5M
$30.6M
Q1 24
$-12.4M
$34.5M
Free Cash Flow
CRGO
CRGO
KREF
KREF
Q4 25
Q3 25
$-7.6M
Q2 25
$-2.6M
Q1 25
Q4 24
Q3 24
$-24.2M
Q2 24
$-4.5M
Q1 24
$-12.4M
FCF Margin
CRGO
CRGO
KREF
KREF
Q4 25
Q3 25
-44.2%
Q2 25
-23.7%
Q1 25
Q4 24
Q3 24
-160.9%
Q2 24
-45.6%
Q1 24
-257.3%
Capex Intensity
CRGO
CRGO
KREF
KREF
Q4 25
Q3 25
0.2%
Q2 25
0.7%
Q1 25
Q4 24
Q3 24
0.5%
Q2 24
0.2%
Q1 24
1.0%
Cash Conversion
CRGO
CRGO
KREF
KREF
Q4 25
Q3 25
1.34×
Q2 25
Q1 25
Q4 24
6.54×
Q3 24
Q2 24
1.19×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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