F
Freight Technologies, Inc.
FRGTCIK 0001687542NasdaqNon-AcceleratedArrangement Of Transportation Of Freight & CargoD8VGFY ends Dec 31
Period
FY 2025
Revenue
$13.06M
Net Income
$-7.90M
Total Assets
$12.59M
Equity
$5.33M
Shares Out
1.66M
Op. Cash Flow
$-4.53M
Business
Freight Technologies, Inc. is a technology company that operates a digital freight marketplace and freight management platform to connect shippers with carriers and optimize supply chain operations. The company offers proprietary AI- and machine-learning-powered products and services including the Fr8App marketplace, Fr8Fleet dedicated capacity, Fr8Now LTL service, Waavely ocean container booking, Fr8Radar tracking, Fr8Data analytics, brokerage support, and the Fleet Rocket TMS. Its business is organized around platform-based marketplace services, dedicated capacity offerings, TMS/SaaS, and analytics/support functions. The company serves shippers and carriers across North America, focusing on Mexico–U.S. cross-border trade and domestic routes via web, mobile app, API integrations, and direct brokerage channels.
Summary from filing dated 2025-04-14
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Revenue | 13 | 14 | 17 | |
| Cost and expenses | — | — | — | |
| Cost of revenue (exclusive of depreciation and amortization shown separately below) | 11 | 12 | 16 | |
| Total Costs and Expenses | 4 | 5 | 6 | |
| Selling, General and Administrative Expense | 118,392 | 65,574 | 80,328 | |
| Selling, General and Administrative Expense | 2 | 2 | 3 | |
| Depreciation Expense | 449,369 | 430,414 | 404,598 | |
| Total Cost and expenses | 19 | 20 | 25 | |
| Operating Loss | −6 | −6 | −8 | |
| Other income and (expenses) | — | — | — | |
| Interest and Dividend Income (Non-Bank) | — | 1,770 | 8,880 | |
| Interest expense | 762,399 | 675,628 | 816,819 | |
| Non-Operating Income (Expense) | — | — | 342 | |
| Other expense | — | — | 499,259 | |
| Unrealized gain (loss) in fair value of cryptocurrency | 16,666 | — | — | |
| Realized (loss) in value of sold cryptocurrency | 2 | — | — | |
| Interest Expense | — | 2 | — | |
| Change in the fair value of derivative liability | 512,138 | — | — | |
| Change in fair value of convertible note | −38,069 | 22,602 | 345,396 | |
| Total other expense | −2 | 956,510 | −961,460 | |
| Loss before income taxes | −8 | −6 | −9 | |
| Income tax expense (benefit) at federal statutory rate | 52,377 | 67,486 | 104,948 | |
| Net loss | −8 | −6 | −9 | |
| Weighted Average Shares Outstanding | 566,330 | 45,642 | 2,393 | |
| Weighted Average Shares Outstanding, Diluted | 566,330 | 45,642 | 2,393 | |
| Earnings Per Share (Basic) | −13.95 | −122.72 | −3,898 | |
| Earnings Per Share (Diluted) | −13.95 | −122.72 | −3,898 | |
| Other comprehensive gain (loss) net of tax | — | — | — | |
| Foreign currency translation | 480,258 | −2 | 452,917 | |
| Comprehensive loss | −7 | −7 | −9 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 |
|---|---|---|---|
| ASSETS: | — | — | |
| Current assets: | — | — | |
| Cash and Cash Equivalents | 346,718 | 204,032 | |
| Accounts Receivable | 2 | 4 | |
| Accounts Receivable | 1 | 520,037 | |
| Other Non-Operating Current Assets | 2 | 792,147 | |
| Total current assets | 6 | 5 | |
| Capitalized software, net | 500,650 | 574,109 | |
| Property, Plant and Equipment | 12,306 | 13,238 | |
| Other Non-Operating Non-Current Assets | 1 | 39,988 | |
| Other Non-Current Assets | 7,818 | 7,818 | |
| Goodwill | 4 | — | |
| Intangible Assets | 4,733 | 5,546 | |
| Cryptocurrency | 13,222 | — | |
| Total assets | 13 | 6 | |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT): | — | — | |
| Current liabilities: | — | — | |
| Accounts Payable | 2 | 1 | |
| Other Current Liabilities | 1 | 1 | |
| Short term borrowings | 3 | 3 | |
| Accrued Income Taxes | 325,545 | 278,215 | |
| Total current liabilities | 6 | 6 | |
| Long-Term Debt | 500,000 | — | |
| Long-Term Debt | 56,164 | — | |
| Other Non-Operating Non-Current Liabilities | 405,931 | — | |
| Total liabilities | 7 | 6 | |
| COMMITMENTS AND CONTINGENCIES | — | — | |
| STOCKHOLDERS’ EQUITY (DEFICIT) | — | — | |
| Preferred Stock | 2,227 | 308 | |
| Total Stockholders' Equity | — | — | |
| Additional Paid-In Capital | 59 | 46 | |
| Retained Earnings | −53 | −45 | |
| Accumulated Other Comprehensive Income | −768,407 | −1 | |
| Total stockholders’ equity (deficit) | 5 | −654,760 | |
| Total liabilities and stockholders’ equity (deficit) | 13 | 6 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Cash flows from operating activities: | — | — | — | |
| Net Income | −8 | −6 | −9 | |
| Adjustments to reconcile net loss to net cash used in operating activities: | — | — | — | |
| Depreciation and amortization | 449,369 | 430,414 | 404,598 | |
| Interest accrued on note payable | 59,390 | — | — | |
| Share-based compensation | 883,326 | 981,023 | 1 | |
| Net Cash from Operating Activities | — | — | 449,147 | |
| Change in fair market value of convertible note | −38,069 | 22,602 | 345,396 | |
| Change in fair value of cryptocurrency | 1 | — | — | |
| Amortization of derivative liability | 56,164 | — | — | |
| Change in fair value of derivative liability | 512,138 | — | — | |
| Non-Operating Income (Expense) | — | — | 129,259 | |
| Gain from extinguishment of debt | — | 2 | — | |
| Changes in operating assets and liabilities: | — | — | — | |
| Accounts receivable | −1 | −1 | −45,383 | |
| Unbilled receivables | 847,073 | −334,728 | −1 | |
| Prepaid expense and other assets | −264,242 | −591,263 | −288,272 | |
| Security deposits | — | — | 11,457 | |
| Accounts payable | 68,162 | −272,319 | −181,880 | |
| Accrued expenses | −44,600 | −217,893 | 435,193 | |
| Income tax payable | 47,330 | 58,035 | 76,662 | |
| Net cash used in operating activities | −5 | −4 | −6 | |
| Cash flows from investing activities: | — | — | — | |
| Capitalization of software development costs | 303,090 | 336,153 | 328,645 | |
| Purchase of property and equipment | 6,074 | 9,570 | 34,724 | |
| Net Cash from Investing Activities | 6,853 | — | — | |
| Net cash used in investing activities | −302,311 | −345,723 | −363,369 | |
| Cash flows from financing activities: | — | — | — | |
| Cash proceeds received | 880,000 | — | 8 | |
| Proceeds from Debt Issuance | 2 | 875,000 | — | |
| Repayment of insurance financing payable | 180,411 | 236,082 | 346,524 | |
| Repayment of cryptocurrency due to cancellation of agreement | 880,000 | — | — | |
| Stock Repurchases (Issuances) | — | 3 | — | |
| Repayment of short-term borrowings | 15 | 16 | 19 | |
| Proceeds from Debt Issuance | 14 | 17 | 19 | |
| Net proceeds | 3 | — | — | |
| Net cash provided by financing activities | 5 | 4 | 7 | |
| Net (decrease) increase in cash and cash equivalents | −22,775 | −309,868 | 646,669 | |
| Effect of Exchange Rate on Cash | 165,461 | −1 | −99,564 | |
| Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows | — | — | — | |
| Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows | — | — | — | |
| Supplemental disclosure of cash flow information | — | — | — | |
| Interest Expense | 705,957 | 675,628 | 816,819 | |
| Supplemental disclosure of non-cash activity | — | — | — | |
| Net Cash from Financing Activities | 5 | — | — | |
| Financing of insurance premiums | 180,411 | 222,891 | 341,653 | |
| Conversion of convertible notes to preferred stock | — | — | 7 | |
| Conversion of convertible notes to ordinary shares | — | — | 1 | |
| Net Cash from Operating Activities | — | — | 1 | |
| Conversion of warrants to ordinary shares | — | — | 60,253 | |
| Cash and cash equivalents | — | — | — |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro