Freight Technologies, Inc.
Business
Freight Technologies, Inc. (Fr8Tech) is a digital logistics company providing freight brokerage and transportation management solutions across North America, primarily the U.S.-Mexico corridor. Products include Fr8App (cross-border full-truckload brokerage), Fr8Now (Mexican LTL), Fr8Fleet (dedicated capacity), Fr8Radar (visibility), Waavely (ocean freight), Fleet Rocket (AI-powered TMS), Zayren (AI sales co-pilot), and DODA Smart (customs compliance). Fr8Tech operates as an asset-light digital marketplace connecting shippers with carrier networks and offers SaaS software.
Summary from 20-F filed 2026-05-14
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|
| Revenue | 14 | 17 | |
| Cost of revenue (exclusive of depreciation and amortization shown separately below) | 12 | 16 | |
| Compensation and employee benefits | 5 | 6 | |
| General and administrative | 2 | 3 | |
| Sales and marketing | 65,574 | 80,328 | |
| Depreciation and amortization | 430,414 | 404,598 | |
| Total cost and expenses | 20 | 25 | |
| Operating loss | −6 | −8 | |
| Interest expense, net | −673,858 | −807,939 | |
| Other expense, net | — | −498,917 | |
| Gain from extinguishment of debts | 2 | — | |
| Change in fair value of convertible note | 22,602 | 345,396 | |
| Income (loss) before provision for income taxes | −6 | −9 | |
| Income tax expense | 67,486 | 104,948 | |
| Net loss | −6 | −9 | |
| Net loss per share attributable to ordinary shareholders, basic | −6.14 | −194.87 | |
| Net loss per share attributable to ordinary shareholders, diluted | −6.14 | −194.87 | |
| Weighted average number of ordinary shares, basic | 912,837 | 47,867 | |
| Weighted average number of ordinary shares, diluted | 912,837 | 47,867 | |
| Foreign currency translation gain (loss) | −2 | 452,917 | |
| Comprehensive loss | −7 | −9 |
Consolidated Balance Sheet
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 200,000 | 2 | — | |
| Accounts receivable, net | 4 | 5 | — | |
| Unbilled receivables | 520,037 | 961,747 | — | |
| Prepaid expenses and other current assets | 792,147 | 1 | — | |
| Total current assets | 5 | 9 | — | |
| Capitalized software, net | 574,109 | 771,133 | — | |
| Property and equipment, net | 13,238 | 18,239 | — | |
| Other long-term assets | 39,988 | 80,674 | — | |
| Security deposits | 7,818 | 7,818 | — | |
| Intangible assets, net | 5,546 | 6,359 | — | |
| Total assets | 6 | 10 | — | |
| Accounts payable | 1 | 2 | — | |
| Accrued expenses | 1 | 2 | — | |
| Short-term borrowings | 3 | 3 | — | |
| Income tax payable | 278,215 | 220,180 | — | |
| Insurance financing payable | — | 13,191 | — | |
| Total current liabilities | 6 | 7 | — | |
| Convertible notes payable long term | — | 242,442 | — | |
| Total liabilities | 6 | 7 | — | |
| COMMITMENTS AND CONTINGENCIES | — | — | — | |
| Ordinary shares, no par value, () unlimited shares authorized; 2,185,074 and 2,191,924 shares ($1.10 par value in 2023) issued and outstanding at December 31, 2024 and 2023, respectively | — | 2 | — | |
| Additional paid-in capital | 46 | 39 | — | |
| Accumulated deficit | −45 | −39 | — | |
| Accumulated other comprehensive income (loss) | −1 | 491,888 | — | |
| Total stockholders equity (deficit) | −700,000 | 3 | 3 | |
| Total liabilities and stockholders equity (deficit) | 6 | 10 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|
| Depreciation and amortization | 430,414 | 404,598 | |
| Share-based compensation | 981,023 | 1 | |
| Non-cash interest | — | 449,147 | |
| Change in fair market value of convertible note | −22,602 | −345,396 | |
| Conversion inducement expense | — | 129,259 | |
| Gain from extinguishment of debt | −2 | — | |
| Accounts receivable | 1 | 45,383 | |
| Unbilled receivables | 334,728 | 1 | |
| Prepaid expense and other assets | 591,263 | 288,272 | |
| Security deposits | — | 11,457 | |
| Accounts payable | −272,319 | −181,880 | |
| Accrued expenses | −217,893 | 435,193 | |
| Income tax payable | 58,035 | 76,662 | |
| Net cash used in operating activities | −4 | −6 | |
| Capitalization of software development costs | −336,153 | −328,645 | |
| Purchase of property and equipment | −9,570 | −34,724 | |
| Net cash used in investing activities | −345,723 | −363,369 | |
| Proceeds from convertible notes | — | 8 | |
| Proceeds from notes payable, net of discounts | 875,000 | — | |
| Repayment of insurance financing payable | −236,082 | −346,524 | |
| Proceeds from issuance of common stock from ATM Offering | 3 | — | |
| Repayment of short-term borrowings | −16 | −19 | |
| Proceeds from short-term borrowings | 17 | 19 | |
| Net cash provided by financing activities | 4 | 7 | |
| Net (decrease) increase in cash and cash equivalents | −309,868 | 646,669 | |
| Effect of exchange rate changes on cash and cash equivalents | −1 | −99,564 | |
| Cash paid for interest | 675,628 | 816,819 | |
| Financing of insurance premiums | 222,891 | 341,653 | |
| Conversion of convertible notes to preferred stock | — | 7 | |
| Conversion of convertible notes to ordinary shares | — | 1 | |
| Conversion of preferred stock to ordinary shares | — | 1 | |
| Conversion of warrants to ordinary shares | — | 60,253 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Freight Technologies, Inc.'s CIK number?
Freight Technologies, Inc.'s SEC CIK number is 0001687542 (1687542). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Freight Technologies, Inc.'s SEC filings?
All of Freight Technologies, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Freight Technologies, Inc. last report earnings?
Freight Technologies, Inc. (FRGT) most recently filed an earnings 8-K with the SEC on Aug 21, 2025, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001641172-25-025037). This is Freight Technologies, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Freight Technologies, Inc.'s most recent earnings 8-K?
Freight Technologies, Inc.'s latest earnings 8-K (Item 2.02) was filed Aug 21, 2025 under accession 0001641172-25-025037. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Freight Technologies, Inc.'s latest earnings 8-K →
Look up any company's CIK number →