FarEye turns profitable in Q4 as EMEA revenue jumps 51%
FarEye reported its first profitable quarter as fiscal 2026 revenue from operations rose 24.58% to $27.9 million, led by a 51.17% jump in EMEA revenue The post FarEye turns profitable in Q4 as EMEA revenue jumps 51% appeared first on FreightWaves .
FarEye, a delivery management software company based in India, reported a first quarterly profit in March 2026, marking a significant turnaround from a previous annual net loss of $5.90 million. Revenue from Europe, the Middle East, and Africa (EMEA) increased by 51.17% to $10.4 million, while Americas revenue grew 13.25% to $7.97 million. Companywide revenue from operations rose 24.58% to $27.90 million.
FarEye attributes its improved financial performance to the use of AI tools in operations and product development, which have increased productivity without increasing employee costs. The company's subscription gross margin expanded to 79.42% from 73.44% and 67.38% in previous fiscal years, with subscription revenue accounting for 83.25% of total revenue.
While the company has not provided a profit forecast for fiscal 2027, its first profitable quarter and the addition of 13 Fortune Global 500 customers underscore FarEye's growing market presence. These customers, which generated 70.86% of revenue, include Maersk and Tractor Supply, which leverages FarEye's AI tools to coordinate its fleet with third-party delivery networks.
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