FRSH · Freshworks Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $228.63M | - | $215.12M | $204.68M | $196.27M | - | $186.57M | $174.13M | $165.14M | - |
| Cost of Revenue | $34.69M | - | $32.95M | $31.14M | $29.88M | - | $29.81M | $28.18M | $25.89M | - |
| Gross Profit | $193.94M | - | $182.16M | $173.54M | $166.40M | - | $156.77M | $145.96M | $139.25M | - |
| R&D | $49.26M | - | $41.46M | $39.94M | $40.00M | - | $47.88M | $40.99M | $34.68M | - |
| SG&A | $40.43M | - | $47.15M | $47.03M | $47.25M | - | $46.49M | $44.50M | $42.09M | - |
| Total Operating Expenses | $202.00M | - | $189.62M | $182.19M | $176.81M | - | $195.63M | $189.74M | $171.42M | - |
| D&A | $7.86M | - | $1.12M | $1.14M | $6.36M | - | $1.34M | $1.34M | $2.97M | - |
| Operating Income | ($8.06M) | - | ($7.46M) | ($8.66M) | ($10.42M) | - | ($38.86M) | ($43.79M) | ($32.17M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($1.82M) | - | $4.63M | $5.63M | $3.86M | - | $5.02M | ($10.36M) | $3.95M | - |
| Net Income | ($4.81M) | - | ($4.68M) | ($1.74M) | ($1.30M) | - | ($29.96M) | ($20.18M) | ($23.32M) | - |
| EPS - Basic | ($0.02) | - | ($0.02) | ($0.01) | $0.00 | - | ($0.10) | ($0.07) | ($0.08) | - |
| EPS - Diluted | ($0.02) | - | ($0.02) | ($0.01) | $0.00 | - | ($0.10) | ($0.07) | ($0.08) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $548.17M | $569.77M | $420.93M | $485.97M | $594.24M | $620.32M | $391.10M | $310.27M | $468.02M | $488.12M |
| Accounts Receivable | $127.34M | $150.82M | $119.81M | $115.86M | $112.30M | $122.91M | $99.17M | $100.87M | $84.32M | $97.18M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $18.58M | $11.51M | $7.62M | $4.90M | $2.15M | $1.62M | $6.96M | $9.77M | $1.52M | $3.48M |
| Current Assets | $1.01B | $1.10B | $1.02B | $1.14B | $1.20B | $1.27B | $1.23B | $1.20B | $1.37B | $1.36B |
| Total Assets | $1.61B | $1.60B | $1.37B | $1.48B | $1.54B | $1.61B | $1.58B | $1.54B | $1.47B | $1.46B |
| Current Liabilities | $520.05M | $498.03M | $450.62M | $432.62M | $413.50M | $407.71M | $377.93M | $367.68M | $336.30M | $327.21M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $586.18M | $570.06M | $520.47M | $496.18M | $479.35M | $473.96M | $440.16M | $428.49M | $389.31M | $384.51M |
| Stockholders' Equity | $1.02B | $1.03B | $851.49M | $984.64M | $1.06B | $1.14B | $1.14B | $1.12B | $1.08B | $1.07B |
| Retained Earnings | ($3.56B) | ($3.55B) | ($3.74B) | ($3.74B) | ($3.74B) | ($3.74B) | ($3.71B) | ($3.68B) | ($3.66B) | ($3.64B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $62.39M | - | - | - | $57.97M | - | - | - | $40.62M | - |
| Investing Cash Flow | ($82.26M) | - | - | - | $46.23M | - | - | - | ($37.77M) | - |
| Financing Cash Flow | ($55.53M) | - | - | - | ($130.27M) | - | - | - | ($22.95M) | - |
| CapEx | $3.90M | - | - | - | $1.30M | - | - | - | $739.0K | - |
| Free Cash Flow | $58.49M | - | - | - | $56.68M | - | - | - | $39.88M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 84.8% | - | 84.7% | 84.8% | 84.8% | - | 84.0% | 83.8% | 84.3% | - |
| Operating margin | -3.5% | - | -3.5% | -4.2% | -5.3% | - | -20.8% | -25.1% | -19.5% | - |
| EBITDA margin | -0.1% | - | -2.9% | -3.7% | -2.1% | - | -20.1% | -24.4% | -17.7% | - |
| Net margin | -2.1% | - | -2.2% | -0.8% | -0.7% | - | -16.1% | -11.6% | -14.1% | - |
| Free cash flow margin | 25.6% | - | - | - | 28.9% | - | - | - | 24.1% | - |
| FCF / Net income | -12.16 | - | - | - | -43.46 | - | - | - | -1.71 | - |
| R&D / Revenue | 21.5% | - | 19.3% | 19.5% | 20.4% | - | 25.7% | 23.5% | 21.0% | - |
| SG&A / Revenue | 17.7% | - | 21.9% | 23.0% | 24.1% | - | 24.9% | 25.6% | 25.5% | - |
| Effective tax rate | - | - | - | 144.7% | 151.1% | - | - | - | - | - |
| Return on assets | -0.3% | - | -0.3% | -0.1% | -0.1% | - | -1.9% | -1.3% | -1.6% | - |
| Return on equity | -0.5% | - | -0.5% | -0.2% | -0.1% | - | -2.6% | -1.8% | -2.2% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.94 | 2.20 | 2.27 | 2.63 | 2.89 | 3.10 | 3.26 | 3.26 | 4.07 | 4.14 |
| Quick ratio | 1.94 | 2.20 | 2.27 | 2.63 | 2.89 | 3.10 | 3.26 | 3.26 | 4.07 | 4.14 |
| Cash ratio | 1.05 | 1.14 | 0.93 | 1.12 | 1.44 | 1.52 | 1.03 | 0.84 | 1.39 | 1.49 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.58 | 1.55 | 1.61 | 1.50 | 1.45 | 1.42 | 1.39 | 1.38 | 1.36 | 1.36 |
| Liabilities / Assets | 0.37 | 0.36 | 0.38 | 0.34 | 0.31 | 0.29 | 0.28 | 0.28 | 0.27 | 0.26 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.16 | 0.14 | 0.13 | - | 0.12 | 0.11 | 0.11 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 203d | - | 203d | 207d | 209d | - | 194d | 211d | 186d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 195d | - | 84d | 57d | 26d | - | 85d | 127d | 21d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 2.2x | - | 4.0x | 4.5x | 4.0x | - | 3.1x | 3.4x | 5.0x | - |
| P / S | 10.0x | - | 15.7x | 21.4x | 21.7x | - | 18.6x | 21.8x | 32.8x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 16.5% | - | 15.3% | 17.5% | 18.9% | - | 21.5% | 20.0% | 19.9% | - |
| Revenue CAGR (3y) | 18.4% | - | 18.7% | 32.3% | 19.6% | - | 41.3% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 16.6% | - | 16.2% | 18.9% | 19.5% | - | 23.2% | 21.4% | 23.8% | - |
| Operating income growth (YoY) | 22.6% | - | 80.8% | 80.2% | 67.6% | - | -0.3% | -1.2% | 33.1% | - |
| Net income growth (YoY) | -268.9% | - | 84.4% | 91.4% | 94.4% | - | 3.5% | 43.4% | 45.3% | - |
| EPS growth (YoY) | - | - | 80.0% | 85.7% | - | - | 9.1% | 41.7% | 46.7% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 3.2% | - | - | - | 42.1% | - | - | - | 258.6% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -4.0% | -9.3% | -25.0% | -11.7% | -1.5% | 6.1% | 7.2% | 5.4% | 2.6% | 1.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$838.81M totalSubscription Services Software Licenses And Maintenance$829.40M · 98.9%
Professional Services$9.41M · 1.1%
Geographic
$1.31B totalNorth America$390.80M · 29.9%
US$354.30M · 27.1%
EMEA$324.62M · 24.8%
GB$113.50M · 8.7%
Asia Pacific$100.18M · 7.7%
Geographical Other Than North America Europe Middle East Africa And Asia Pacific$23.21M · 1.8%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Freshworks Inc. against the 5 most active filers in the same SIC group.