NASDAQ : FRSH
Freshworks Inc. — Financial statements
Technology · Software - Application · United States
Last price 14.72 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.84B
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Financial statements
Freshworks Inc. (FRSH) reported revenue of 903.87M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 903.87M | 838.81M | 720.42M | 596.43M | 498.00M | 371.02M |
| Cost of Revenue | 135.91M | 126.14M | 113.33M | 103.37M | 95.77M | 78.03M |
| Gross Profit | 767.96M | 712.66M | 607.09M | 493.06M | 402.23M | 292.99M |
| Selling, General & Admin | 554.12M | 535.85M | 569.35M | 525.48M | 500.06M | 377.37M |
| Research & Development | 176.34M | 163.21M | 164.59M | 137.76M | 135.54M | 120.41M |
| Operating Expenses | 730.46M | 699.05M | 733.94M | 663.24M | 635.60M | 497.77M |
| Operating Income | 37.50M | 13.61M | -126.85M | -170.17M | -233.37M | -204.78M |
| Interest & Investment Income | 29.99M | 38.18M | 51.70M | 30.75M | 10.96M | 2.45M |
| Currency Exchange Gain (Loss) | -6.90M | 4.40M | ||||
| Other Non Operating Income (Expenses) | -8.84M | -10.90M | -19.91M | -1.37M | ||
| EBT Excluding Unusual Items | 51.75M | 45.29M | -95.06M | -139.42M | -222.42M | -203.70M |
| Merger & Restructuring Charges | -7.22M | -405.00K | -11.76M | |||
| Gain (Loss) on Sale of Investments | 5.94M | 8.39M | 15.99M | 15.65M | 1.63M | 22.22M |
| Pretax Income | 50.47M | 53.28M | -90.84M | -123.77M | -220.79M | -181.48M |
| Income Tax Expense | -134.73M | -130.44M | 4.53M | 13.67M | 11.34M | 10.52M |
| Earnings From Continuing Operations | 183.72M | -95.37M | -137.44M | -232.13M | -192.00M | |
| Net Income | 185.19M | 183.72M | -95.37M | -137.44M | -232.13M | -192.00M |
| Preferred Dividends & Other Adjustments | 2.65B | |||||
| Net Income to Common | 185.19M | 183.72M | -95.37M | -137.44M | -232.13M | -2.84B |
| Shares Outstanding (Basic) | 280.97M | 291.08M | 300.84M | 293.09M | 284.59M | 130.65M |
| Shares Outstanding (Diluted) | 283.66M | 293.77M | 300.84M | 293.09M | 284.59M | 130.65M |
| EPS (Basic) | 0.66 | 0.63 | -0.32 | -0.47 | -0.82 | -21.73 |
| EPS (Diluted) | 0.65 | 0.63 | -0.32 | -0.47 | -0.82 | -21.73 |
| Free Cash Flow | 233.75M | 236.67M | 151.47M | 84.11M | -9.65M | 5.89M |
| Free Cash Flow Per Share | 0.82 | 0.81 | 0.50 | 0.29 | -0.03 | 0.04 |
| Gross Margin | 84.96% | 84.96% | 84.27% | 82.67% | 80.77% | 78.97% |
| Operating Margin | 4.15% | 1.62% | -17.61% | -28.53% | -46.86% | -55.19% |
| Profit Margin | 20.49% | 21.90% | -13.24% | -23.04% | -46.61% | -765.09% |
| Free Cash Flow Margin | 25.86% | 28.21% | 21.02% | 14.10% | -1.94% | 1.59% |
| EBITDA | 57.49M | 32.06M | -113.06M | -163.13M | -225.06M | -194.03M |
| EBITDA Margin | 6.36% | 3.82% | -15.69% | -27.35% | -45.19% | -52.30% |
| D&A For EBITDA | 19.99M | 18.45M | 13.78M | 7.04M | 8.31M | 10.75M |
| EBIT | 37.50M | 13.61M | -126.85M | -170.17M | -233.37M | -204.78M |
| EBIT Margin | 4.15% | 1.62% | -17.61% | -28.53% | -46.86% | -55.19% |
| Advertising Expenses | 41.30M | 41.40M | 41.20M | 47.20M | 41.20M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 494.67M | 569.77M | 620.32M | 488.12M | 304.08M | 747.86M |
| Short-Term Investments | 169.44M | 211.60M | 449.75M | 699.51M | 843.40M | 575.68M |
| Cash & Short-Term Investments | 664.11M | 781.37M | 1.07B | 1.19B | 1.15B | 1.32B |
| Accounts Receivable | 137.68M | 150.82M | 122.91M | 97.18M | 70.47M | 51.76M |
| Other Receivables | 700.00K | 1.50M | 3.30M | 4.40M | 2.80M | |
| Receivables | 138.38M | 152.32M | 126.21M | 101.58M | 73.27M | 51.76M |
| Prepaid Expenses | 66.17M | 52.87M | 43.04M | 43.43M | 36.11M | 31.44M |
| Restricted Cash | 1.15M | 62.37M | 3.00K | 3.00K | ||
| Other Current Assets | 32.10M | 48.23M | 26.11M | 22.91M | 20.14M | 14.64M |
| Total Current Assets | 901.91M | 1.10B | 1.27B | 1.36B | 1.28B | 1.42B |
| Property, Plant & Equipment | 51.75M | 52.64M | 48.28M | 41.40M | 45.96M | 13.18M |
| Goodwill | 198.01M | 146.68M | 147.01M | 6.18M | 6.18M | 6.18M |
| Other Intangible Assets | 119.37M | 103.09M | 105.34M | 14.10M | 11.20M | 10.19M |
| Long-Term Deferred Tax Assets | 174.05M | 157.47M | 8.50M | 10.01M | 8.69M | 6.28M |
| Long-Term Deferred Charges | 28.66M | 27.18M | 22.53M | 19.76M | 19.54M | 15.01M |
| Other Long-Term Assets | 16.72M | 18.50M | 14.79M | 9.77M | 11.64M | 10.59M |
| Total Assets | 1.49B | 1.60B | 1.61B | 1.46B | 1.38B | 1.48B |
| Accounts Payable | 26.90M | 11.51M | 1.62M | 3.48M | 5.91M | 6.32M |
| Accrued Expenses | 75.79M | 75.19M | 66.41M | 48.35M | 44.45M | 45.57M |
| Current Portion of Leases | 9.03M | 9.22M | 8.07M | 2.70M | 6.78M | |
| Current Income Taxes Payable | 1.80M | 3.57M | 728.00K | 722.00K | 1.15M | 1.02M |
| Current Unearned Revenue | 400.47M | 385.32M | 323.44M | 266.40M | 205.63M | 160.17M |
| Other Current Liabilities | 18.67M | 13.22M | 7.45M | 5.56M | 7.78M | 10.26M |
| Total Current Liabilities | 532.66M | 498.03M | 407.71M | 327.21M | 271.69M | 223.35M |
| Long-Term Leases | 25.57M | 33.28M | 30.22M | 26.80M | 28.17M | |
| Long-Term Unearned Revenue | 2.90M | 3.10M | 3.90M | |||
| Pension & Post-Retirement Benefits | 10.90M | 9.60M | 10.50M | 8.60M | 6.70M | |
| Other Long-Term Liabilities | 33.40M | 24.75M | 22.53M | 20.00M | 19.93M | 14.73M |
| Total Liabilities | 594.52M | 570.06M | 473.96M | 384.51M | 328.40M | 244.77M |
| Common Stock | 3.00K | 3.00K | 3.00K | 3.00K | 3.00K | 3.00K |
| Additional Paid-In Capital | 4.45B | 4.59B | 4.87B | 4.71B | 4.56B | 4.51B |
| Retained Earnings | -3.55B | -3.55B | -3.74B | -3.64B | -3.50B | -3.27B |
| Comprehensive Income & Other | -1.73M | -1.59M | -338.00K | -754.00K | -7.43M | -747.00K |
| Total Common Equity | 895.94M | 1.03B | 1.14B | 1.07B | 1.05B | 1.24B |
| Shareholders' Equity | 895.94M | 1.03B | 1.14B | 1.07B | 1.05B | 1.24B |
| Total Liabilities & Equity | 1.49B | 1.60B | 1.61B | 1.46B | 1.38B | 1.48B |
| Total Debt | 34.59M | 42.50M | 38.29M | 29.49M | 34.95M | |
| Net Cash (Debt) | 629.51M | 738.87M | 1.03B | 1.16B | 1.11B | 1.32B |
| Net Cash Per Share | 2.22 | 2.52 | 3.43 | 3.95 | 3.91 | 10.13 |
| Filing Date Shares Outstanding | 260.92M | 284.14M | 301.53M | 297.94M | 290.23M | 282.65M |
| Total Common Shares Outstanding | 262.81M | 283.43M | 303.38M | 296.69M | 289.09M | 273.29M |
| Working Capital | 369.25M | 599.14M | 857.71M | 1.03B | 1.01B | 1.20B |
| Book Value Per Share | 3.41 | 3.64 | 3.75 | 3.61 | 3.64 | 4.53 |
| Tangible Book Value | 578.56M | 782.89M | 885.57M | 1.05B | 1.03B | 1.22B |
| Tangible Book Value Per Share | 2.20 | 2.76 | 2.92 | 3.55 | 3.58 | 4.47 |
| Machinery | 41.98M | 36.51M | 36.86M | 31.24M | 30.34M | 26.23M |
| Construction In Progress | 197.00K | 269.00K | 13.00K | 751.00K | 224.00K | |
| Leasehold Improvements | 12.73M | 8.99M | 7.85M | 5.77M | 5.65M | 4.27M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 185.19M | 183.72M | -95.37M | -137.44M | -232.13M | -192.00M |
| Depreciation & Amortization | 19.99M | 18.45M | 13.78M | 7.04M | 8.31M | 10.75M |
| Other Amortization | 43.16M | 39.11M | 34.19M | 29.07M | 21.73M | 15.39M |
| Loss (Gain) From Sale of Investments | -5.94M | -8.39M | -15.99M | -15.65M | -1.63M | -22.21M |
| Stock-Based Compensation | 127.64M | 146.82M | 216.71M | 210.71M | 207.70M | 173.44M |
| Other Operating Activities | -130.90M | -138.62M | -2.40M | 6.53M | 4.61M | -1.94M |
| Change in Accounts Receivable | -20.46M | -28.06M | -17.14M | -26.98M | -18.89M | -17.51M |
| Change in Accounts Payable | 21.86M | 9.57M | -2.20M | -2.42M | 77.00K | 1.99M |
| Change in Unearned Revenue | 55.20M | 61.18M | 54.81M | 60.77M | 45.45M | 55.99M |
| Change in Other Net Operating Assets | -49.02M | -41.41M | -25.73M | -45.45M | -37.74M | -12.45M |
| Operating Cash Flow | 246.72M | 242.37M | 160.65M | 86.18M | -2.52M | 11.46M |
| Capital Expenditures | -12.97M | -5.70M | -9.18M | -2.07M | -7.13M | -5.57M |
| Sale of Property, Plant & Equipment | 117.00K | 149.00K | 279.00K | 110.00K | 137.00K | 620.00K |
| Cash Acquisitions | -75.34M | -18.43M | -213.91M | |||
| Sale (Purchase) of Intangibles | -13.19M | -15.79M | -5.49M | -6.27M | -5.12M | -3.55M |
| Investment in Securities | 276.50M | 245.91M | 267.09M | 166.73M | -272.72M | -411.80M |
| Investing Cash Flow | 175.12M | 206.13M | 38.80M | 158.50M | -284.83M | -420.30M |
| Issuance of Common Stock | 6.00M | 6.30M | 6.73M | 7.36M | 10.98M | 1.07B |
| Repurchase of Common Stock | -409.70M | -442.96M | -73.99M | -67.98M | -167.22M | -3.34M |
| Other Financing Activities | -109.00K | -7.73M | ||||
| Financing Cash Flow | -403.70M | -436.66M | -67.26M | -60.62M | -156.35M | 1.06B |
| Net Cash Flow | 9.75M | 11.85M | 132.19M | 184.06M | -443.71M | 649.53M |
| Free Cash Flow | 233.75M | 236.67M | 151.47M | 84.11M | -9.65M | 5.89M |
| Free Cash Flow Margin | 25.86% | 28.21% | 21.02% | 14.10% | -1.94% | 1.59% |
| Free Cash Flow Per Share | 0.82 | 0.81 | 0.50 | 0.29 | -0.03 | 0.04 |
| Levered Free Cash Flow | 260.80M | 160.13M | 218.42M | 153.32M | 89.51M | 110.03M |
| Unlevered Free Cash Flow | 260.80M | 160.13M | 218.42M | 153.32M | 89.51M | 110.03M |
| Cash Income Tax Paid | 12.61M | 14.38M | 11.95M | 12.03M | 13.41M | 10.46M |
| Change in Working Capital | 7.58M | 1.28M | 9.73M | -14.08M | -11.10M | 28.02M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.84B | 3.45B | 4.90B | 6.94B | 4.24B | 6.91B |
| Enterprise Value | 3.21B | 2.68B | 3.87B | 5.80B | 3.11B | 5.58B |
| Last Close Price | 14.72 | 12.25 | 16.17 | 23.49 | 14.71 | 26.26 |
| PE Ratio | 22.54 | 18.80 | ||||
| Forward PE | 19.16 | 20.36 | 33.84 | 85.36 | ||
| PS Ratio | 4.25 | 4.12 | 6.80 | 11.63 | 8.51 | 18.62 |
| PB Ratio | 4.32 | 3.35 | 4.30 | 6.47 | 4.03 | 5.58 |
| P/TBV Ratio | 6.64 | 4.41 | 5.53 | 6.59 | 4.09 | 5.66 |
| P/FCF Ratio | 16.43 | 14.60 | 32.33 | 82.47 | 1,172.13 | |
| P/OCF Ratio | 15.57 | 14.25 | 30.48 | 80.49 | 602.94 | |
| PEG Ratio | 0.64 | 0.75 | 1.23 | 2.85 | ||
| EV/Sales Ratio | 3.55 | 3.20 | 5.38 | 9.73 | 6.25 | 15.05 |
| EV/EBITDA Ratio | 55.86 | 83.62 | ||||
| EV/EBIT Ratio | 85.63 | 196.96 | ||||
| EV/FCF Ratio | 13.74 | 11.33 | 25.57 | 68.99 | 947.10 | |
| Debt / Equity Ratio | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | |
| Debt / EBITDA Ratio | 0.45 | 0.84 | ||||
| Debt / FCF Ratio | 0.15 | 0.18 | 0.25 | 0.35 | ||
| Net Debt / Equity Ratio | -0.70 | -0.72 | -0.91 | -1.08 | -1.06 | -1.07 |
| Net Debt / EBITDA Ratio | -10.95 | -23.05 | 9.13 | 7.10 | 4.94 | 6.82 |
| Net Debt / FCF Ratio | -2.69 | -3.12 | -6.81 | -13.77 | 115.24 | -224.52 |
| Asset Turnover | 0.61 | 0.52 | 0.47 | 0.42 | 0.35 | 0.40 |
| Quick Ratio | 1.51 | 1.88 | 2.93 | 3.94 | 4.49 | 6.16 |
| Current Ratio | 1.69 | 2.20 | 3.10 | 4.14 | 4.70 | 6.36 |
| Return on Equity (ROE) | 19.70% | 16.93% | -8.63% | -12.94% | -20.28% | -26.73% |
| Return on Assets (ROA) | 1.58% | 0.53% | -5.17% | -7.50% | -10.19% | -13.84% |
| Return on Capital Employed (ROCE) | 3.90% | 1.20% | -10.50% | -15.10% | -21.10% | -16.30% |
| Earnings Yield | 4.44% | 5.32% | -1.95% | -1.98% | -5.48% | -2.78% |
| FCF Yield | 6.09% | 6.85% | 3.09% | 1.21% | -0.23% | 0.08% |
| Buyback Yield / Dilution | 5.56% | 2.35% | -2.65% | -2.99% | -117.82% | -69.80% |