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Nasdaq · Technology

Freshworks Inc. (FRSH)

As-reported financials and SEC filings for Freshworks Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Freshworks Inc.

Freshworks Inc. provides AI-powered software solutions that help organizations improve employee and customer experiences. Its products include Freshservice for IT and employee service management, Device42 for IT infrastructure visibility, FireHydrant for incident management, and the Freshdesk suite for customer service and engagement. Freshworks serves businesses of all sizes across approximately 170 countries, offering tools to enhance productivity and customer loyalty.

Snapshot

Revenue
$838.8M
Revenue growth (YoY)
16.4%
Net income
$183.7M
Diluted EPS
$0.63
Gross margin
85.0%
Operating margin
1.6%
Net margin
21.9%
FCF margin
28.2%
ROE
17.8%
net income / fiscal-year-end equity
P/E
22.1×
trailing when available, otherwise FY EPS
Market cap
$3.51B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Freshworks

  • Revenue grew 16.4% to $839M in FY2025, slower than the 20.8% the year before.
  • Operating margin turned positive at 1.6% in FY2025, from a 55.2% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $237M, up 16.0% from Q2 FY2025.
  • Free cash flow was $237M in FY2025, 28.2% of revenue.
  • Net income turned positive at $184M in FY2025, from a $95M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Freshworks’s fundamentals sit among the 332 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin85.0%
94th percentile of 264
Operating margin1.6%
49th percentile of 303
Net margin21.9%
86th percentile of 307
FCF margin28.2%
83rd percentile of 285
Revenue growth (YoY)+16.4%
64th percentile of 325
ROE17.8%
77th percentile of 285
P/E22.1×
43rd percentile of 169
Short interest3.17d
47th percentile of 330

Freshworks’s gross margin of 85.0% ranks in the 94th percentile of the 264 software companies reporting it. Freshworks’s net margin of 21.9% ranks in the 86th percentile of the 307 software companies reporting it.

No reported insider purchases (code P) in the last 90 days; 4 insider sales totaling $270,331. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 7 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+7 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
5
4 trimmed, 1 exited
Combined position
$263.3M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$111.1M11.0MAdded
Citadel AdvisorsquantQ2 2026$69.2M6.8MAdded
Renaissance TechnologiesquantQ2 2026$32.7M3.2MReduced
Millennium ManagementquantQ2 2026$18.9M1.9MAdded
Point72 Asset ManagementquantQ2 2026$18.9M1.9MReduced
D. E. ShawquantQ2 2026$6.8M674.1KReduced
Two Sigma InvestmentsquantQ2 2026$5.5M548.1KReduced

No longer held by: Bridgewater Associates (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
4
$270K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-06
Lawrence PhilippaChief Accounting OfficerSell3.5K$10.13$35K
2026-07-02
Taylor Jennifer HDirectorSell6.6K$10.44$69K
2026-07-01
filed 2026-07-02
PADGETT BARRY L.DirectorSell6.6K$10.49$69K
2026-06-17
filed 2026-06-18
Lawrence PhilippaChief Accounting OfficerSell10.5K$9.18$97K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
24.6M
settled 2026-08-14
Change vs prior
-2.2%
vs previous settlement
Days to cover
3.17
at avg daily volume
Avg daily volume
7.8M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1424.6M-2.2%3.17
2026-07-3125.1M+23.9%1.79
2026-07-1520.3M-5.8%1.00
2026-06-3021.5M+14.5%1.00
2026-06-1518.8M-17.2%1.43
2026-05-2922.7M+0.2%2.07
2026-05-1522.6M+23.2%1.97
2026-04-3018.4M-8.3%1.45

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$838.8M$720.4M$596.4M$498.0M$371.0M
Gross profit$712.7M$607.1M$493.1M$402.2M$293.0M
Operating income$13.2M$-138.6M$-170.2M$-233.4M$-204.8M
Net income$183.7M$-95.4M$-137.4M$-232.1M$-192.0M
Diluted EPS$0.63$-0.32$-0.47$-0.82$-21.73

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$569.8M$620.3M$488.1M$304.1M$747.9M
Current assets$1.10B$1.27B$1.36B$1.28B$1.42B
Total assets$1.60B$1.61B$1.46B$1.38B$1.48B
Current liabilities$498.0M$407.7M$327.2M$271.7M$223.3M
Long-term debt
Total liabilities$570.1M$474.0M$384.5M$328.4M$244.8M
Total equity$1.03B$1.14B$1.07B$1.05B$1.24B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$242.4M$160.6M$86.2M$-2.5M$11.5M
Capital expenditure$5.7M$9.2M$2.1M$7.1M$5.6M
Free cash flow$236.7M$151.5M$84.1M$-9.7M$5.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$237.4M16.0%$3.2M$0.01
Q1 FY2026$228.6M16.5%$-4.8M$-0.02
Q4 FY2025$222.7M14.5%$191.4M$0.65
Q3 FY2025$215.1M15.3%$-4.7M$-0.02
Q2 FY2025$204.7M17.5%$-1.7M$-0.01
Q1 FY2025$196.3M18.9%$-1.3M$0.00
Q4 FY2024$194.6M21.5%$-21.9M$-0.07
Q3 FY2024$186.6M21.5%$-30.0M$-0.10

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryServices-Prepackaged Software
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2012
SEC CIK1544522

Selected SEC filings

10-K2026-02-26
View on EDGAR →
10-Q2026-08-04
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-07-28
View on EDGAR →
8-K2026-05-29
View on EDGAR →
8-K2026-05-14
View on EDGAR →

Largest software peers

All software stocksAll Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.