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Freshworks Inc.

FRSH Clue Score85
United States Fiscal year ends December CIK 0001544522
$13.92 +2.05% Close, 9 Oct 2026
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Price $13.92 −66.98% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 22 Sep 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue172.4Operating income−29.7Net income−31.1EPS, diluted−8.21Fiscal year 2020Revenue249.7 +44.8%Operating income−56.1Net income−57.3EPS, diluted−21.03Fiscal year 2021Revenue371.0 +48.6%Operating income−204.8Net income−192.0EPS, diluted−21.73Fiscal year 2022Revenue498.0 +34.2%Operating income−233.4Net income−232.1EPS, diluted−0.82Fiscal year 2023Revenue596.4 +19.8%Operating income−170.2Net income−137.4EPS, diluted−0.47Fiscal year 2024Revenue720.4 +20.8%Operating income−138.6Net income−95.4EPS, diluted−0.32Fiscal year 2025Revenue838.8 +16.4%Operating income13.2Net income183.7EPS, diluted0.63
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 172.4 249.7 371.0 498.0 596.4 720.4 838.8
Growth +44.8% +48.6% +34.2% +19.8% +20.8% +16.4%
Operating income −29.7 −56.1 −204.8 −233.4 −170.2 −138.6 13.2
Net income −31.1 −57.3 −192.0 −232.1 −137.4 −95.4 183.7
Growth
EPS, diluted −8.21 −21.03 −21.73 −0.82 −0.47 −0.32 0.63

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin78.8%Operating margin−17.2%Net margin−18.1%Free cash flow margin−11.4%Fiscal year 2020Gross margin79.0%Operating margin−22.5%Net margin−22.9%Free cash flow margin11.3%Fiscal year 2021Gross margin79.0%Operating margin−55.2%Net margin−51.7%Free cash flow margin1.6%Fiscal year 2022Gross margin80.8%Operating margin−46.9%Net margin−46.6%Free cash flow margin−1.9%Fiscal year 2023Gross margin82.7%Operating margin−28.5%Net margin−23.0%Free cash flow margin14.1%Fiscal year 2024Gross margin84.3%Operating margin−19.2%Net margin−13.2%Free cash flow margin21.0%Fiscal year 2025Gross margin85.0%Operating margin1.6%Net margin21.9%Free cash flow margin28.2%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 78.8% 79.0% 79.0% 80.8% 82.7% 84.3% 85.0%
Operating margin −17.2% −22.5% −55.2% −46.9% −28.5% −19.2% 1.6%
Net margin −18.1% −22.9% −51.7% −46.6% −23.0% −13.2% 21.9%
Free cash flow margin −11.4% 11.3% 1.6% −1.9% 14.1% 21.0% 28.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−8.2Capital expenditure−11.5Free cash flow−19.7Fiscal year 2020Operating cash flow32.5Capital expenditure−4.4Free cash flow28.1Fiscal year 2021Operating cash flow11.5Capital expenditure−5.6Free cash flow5.9 −79.1%Fiscal year 2022Operating cash flow−2.5Capital expenditure−7.1Free cash flow−9.7 −263.8%Buybacks0.0Fiscal year 2023Operating cash flow86.2Capital expenditure−2.1Free cash flow84.1Buybacks0.0Fiscal year 2024Operating cash flow160.6Capital expenditure−9.2Free cash flow151.5 +80.1%Buybacks−13.7Fiscal year 2025Operating cash flow242.4Capital expenditure−5.7Free cash flow236.7 +56.2%Buybacks−386.3
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −8.2 32.5 11.5 −2.5 86.2 160.6 242.4
Capital expenditure −11.5 −4.4 −5.6 −7.1 −2.1 −9.2 −5.7
Free cash flow −19.7 28.1 5.9 −9.7 84.1 151.5 236.7
Growth −79.1% −263.8% +80.1% +56.2%
Buybacks n/a n/a n/a 0.0 0.0 −13.7 −386.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2019Cash75.0Shareholders’ equity−1,122.7Fiscal year 2020Cash95.4Shareholders’ equity−2,696.7Fiscal year 2021Cash747.9Shareholders’ equity1,238.0Fiscal year 2022Cash304.1Shareholders’ equity1,051.8Fiscal year 2023Cash488.1Shareholders’ equity1,072.3Fiscal year 2024Cash620.3Shareholders’ equity1,137.9Fiscal year 2025Cash569.8Shareholders’ equity1,032.7
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 75.0 95.4 747.9 304.1 488.1 620.3 569.8
Shareholders’ equity −1,122.7 −2,696.7 1,238.0 1,051.8 1,072.3 1,137.9 1,032.7

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
78.8% 79.0% 79.0% 80.8% 82.7% 84.3% 85.0%
−17.2% −22.5% −55.2% −46.9% −28.5% −19.2% 1.6%
−15.9% −21.3% −48.9% −44.3% −20.8% −12.6% 6.4%
−18.1% −22.9% −51.7% −46.6% −23.0% −13.2% 21.9%
−11.4% 11.3% 1.6% −1.9% 14.1% 21.0% 28.2%
Spending
22.4% 27.7% 32.5% 27.2% 23.1% 22.8% 19.5%
9.2% 20.3% 31.5% 31.5% 28.1% 25.1% 16.8%
6.7% 1.8% 1.5% 1.4% 0.3% 1.3% 0.7%
n/a n/a n/a n/a n/a n/a −244.8%
Returns
n/a n/a −15.5% −22.1% −12.8% −8.4% 17.8%
n/a −15.6% −12.9% −16.8% −9.4% −5.9% 11.5%
Balance and payout
n/a 46.0% 16.5% 23.8% 26.4% 29.4% 35.6%
n/a n/a n/a n/a 0.0% 9.0% 163.2%