Freshworks Inc. FRSH R2K
Freshworks Inc., a software development company, provides software-as-a-service products in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company's software-as-a-service solutions includes Customer Experience (CX) and Employee Experience (EX). Its Customer Experience products include Freshdesk Omni, an AI-powered omnichannel customer service solution that unifies customer interactions, support operations, and empowers agents to deliver exceptional experiences; Freshdesk, a ticketing and case management solution; Freshchat that provides agents with a modern conversational experience to proactively engage customers across digital messaging channels; Freshcaller, a cloud-based contact center solution for scalable voice operations; Freshsales, a sales CRM for pipeline management and deal closure solution; and Freshmarketer, a marketing automation platform designed to help businesses to attract, nurture, convert, and retain customers. The company's Employee Experience products include Freshservice, an IT and enterprise service management platform to AI agents to help employees resolve issues, make requests, and access information through conversational interfaces without requiring direct interaction with the service desk; Freshservice for Business Teams, which provides a unified employee service experience while ensuring the secure separation of departmental data; Device42 which provides IT discovery and dependency mapping solutions; and FireHydrant, a modern incident management platform that enables engineering and operations teams to manage the full incident lifecycle. In addition, it provides Freshworks platform, an AI-powered, enterprise-grade foundation that unifies customer experience and employee experience product lines. The company was formerly known as Freshdesk Inc. and changed its name to Freshworks Inc. in June 2017. Freshworks Inc. was incorporated in 2010 and is headquartered in San Mateo, California.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Excellent profit margin of 20.7%.
- Compounding revenue at 19.0% over 5 years.
- Profit CAGR of 59.7% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 39.1% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | FRSH Freshworks Inc. R2K | 9.71 | 15.92 | $2.68B | - | 1.23% | 17.32% | 18.98% | 59.72% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Quarterly Results
Figures in USD.
| Metric | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 66.19M | 80.59M | 88.34M | 96.61M | 114.64M | 121.43M | 128.76M | 137.69M | 145.08M | 153.55M | 165.14M | 174.13M | 186.57M | 196.27M | 204.68M | 215.12M | 222.74M | 228.63M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 29.88M | 31.14M | 32.95M | 32.17M | 34.69M |
| Gross Profit | 53.02M | 63.89M | 69.64M | 74.38M | 92.24M | 97.39M | 104.58M | 112.46M | 120.22M | 127.29M | 139.25M | 145.96M | 156.77M | 166.40M | 173.54M | 182.16M | 190.57M | 193.94M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 176.41M | 182.19M | 189.62M | 150.84M | 202.00M |
| Operating Income | 53.00K | -1.72M | -6.44M | -140.25M | -47.12M | -67.35M | -58.29M | -48.11M | -43.29M | -38.73M | -32.17M | -43.79M | -38.86M | -10.01M | -8.66M | -7.46M | 39.73M | -8.06M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | -3.65M | -2.38M | -853.00K | 46.35M | -197.00K |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.55M | 3.89M | -52.00K | 46.89M | -6.63M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.86M | 5.63M | 4.63M | -144.56M | -1.82M |
| Net Income | 1.39M | -2.42M | -7.43M | -107.42M | -49.06M | -69.75M | -57.84M | -42.66M | -35.66M | -31.03M | -23.32M | -20.18M | -29.96M | -1.30M | -1.74M | -4.68M | 191.45M | -4.81M |
| Diluted EPS | -3.49 | -0.01 | -7.79 | -24.72 | -0.18 | -0.24 | -0.20 | -0.15 | -0.12 | -0.11 | -0.08 | -0.07 | -0.10 | -0.00 | -0.01 | -0.02 | 0.67 | -0.02 |
| R&D Expense | 13.25M | 15.39M | 18.89M | 57.09M | 30.72M | 34.30M | 35.87M | 32.86M | 34.18M | 34.88M | 34.68M | 40.99M | 47.88M | 40.00M | 39.94M | 41.46M | - | 49.26M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 172.38M | 249.66M | - | 498.00M | 596.43M | 720.42M | 838.81M |
| Cost of Revenue | - | - | - | 95.77M | 103.37M | 113.33M | 126.14M |
| Gross Profit | 135.91M | 197.17M | - | 402.23M | 493.06M | 607.09M | 712.66M |
| Operating Expenses | - | - | - | 635.60M | 663.24M | 736.04M | 699.05M |
| Operating Income | -29.67M | -56.11M | - | -233.37M | -170.17M | -128.95M | 13.61M |
| EBITDA | - | - | - | -221.87M | -158.03M | -109.53M | 39.47M |
| Interest Expense | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | -220.79M | -123.77M | -90.84M | 53.28M |
| Tax Provision | - | - | - | 11.34M | 13.67M | 4.53M | -130.44M |
| Net Income | -31.12M | -57.29M | - | -232.13M | -137.44M | -95.37M | 183.72M |
| Diluted EPS | -8.21 | -21.03 | - | -0.82 | -0.47 | -0.32 | 0.63 |
| R&D Expense | 38.56M | 69.21M | 120.41M | 135.54M | 137.76M | 164.59M | 163.21M |
Compounded Sales Growth
| 5 Years: | 18.98% |
| 1 Year: | 16.50% |
Compounded Profit Growth
| 5 Years: | 59.72% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -36.41% |
| 6 Months: | -21.38% |
| 3 Months: | +24.17% |
| 1 Month: | +17.70% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 367.42M | - | 1.38B | 1.46B | 1.61B | 1.60B |
| Current Assets | - | - | - | - | 1.28B | 1.36B | 1.27B | 1.10B |
| Cash & Equivalents | - | 75.00M | 95.38M | - | 304.08M | 488.12M | 620.32M | 569.77M |
| Inventory | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | 70.47M | 97.18M | 122.91M | 150.82M |
| Total Liabilities | - | - | 169.07M | - | 328.40M | 384.51M | 473.96M | 570.06M |
| Current Liabilities | - | - | 152.24M | - | 271.69M | 327.21M | 407.71M | 498.03M |
| Long Term Debt | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | 34.95M | 29.49M | 38.29M | 42.50M |
| Total Equity | -539.20M | -1.12B | -2.70B | - | 1.05B | 1.07B | 1.14B | 1.03B |
| Shares Outstanding | - | - | - | - | 289.09M | 296.69M | 303.38M | 283.43M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -8.16M | 32.53M | - | -2.52M | 86.18M | 160.65M | 242.37M |
| Investing Cash Flow | -148.95M | -11.43M | - | -284.83M | 158.50M | 38.80M | 206.13M |
| Financing Cash Flow | 150.23M | -1.91M | - | -156.35M | -60.62M | -67.26M | -436.66M |
| Capital Expenditure | -11.51M | -4.38M | - | -12.24M | -8.34M | -14.66M | -21.49M |
| Free Cash Flow | -19.67M | 28.15M | - | -14.77M | 77.84M | 145.98M | 220.88M |
| Net Change in Cash | - | - | - | -443.71M | 184.06M | 132.19M | 11.85M |
| Share Buybacks | - | - | - | 0 | 0 | 13.69M | 386.31M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | 78.8% | 79.0% | - | 80.8% | 82.7% | 84.3% | 85.0% |
| Operating Margin % | -17.2% | -22.5% | - | -46.9% | -28.5% | -17.9% | 1.6% |
| Net Margin % | -18.1% | -22.9% | - | -46.6% | -23.0% | -13.2% | 21.9% |
| ROE % | 2.8% | 2.1% | - | -22.1% | -12.8% | -8.4% | 17.8% |
| ROCE % | - | -26.1% | - | -21.1% | -15.1% | -10.7% | 1.2% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 6.74% | 17.00M | $165.07M |
| 2 | Alphabet Inc. | 6.42% | 16.21M | $157.37M |
| 3 | Vanguard Portfolio Management LLC | 6.16% | 15.54M | $150.93M |
| 4 | Westbridge Capital Management, LLC | 5.30% | 13.38M | $129.91M |
| 5 | Vanguard Capital Management LLC | 4.09% | 10.33M | $100.32M |
| 6 | Peak XV Partners Operations LLC | 3.24% | 8.18M | $79.46M |
| 7 | Alyeska Investment Group, L.p. | 2.56% | 6.45M | $62.64M |
| 8 | Topline Capital Management, LLC | 2.34% | 5.92M | $57.46M |
| 9 | Geode Capital Management, LLC | 2.05% | 5.17M | $50.20M |
| 10 | State Street Corporation | 2.00% | 5.05M | $49.05M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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