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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $839M | $39M | $184M | $221M | 17.8% | 16.4% | -292.6% |
| 2024 | $720M | $-110M | $-95M | $146M | -8.4% | 20.8% | -30.6% |
| 2023 | $596M | $-158M | $-137M | $78M | -12.8% | 19.8% | -40.8% |
| 2022 | $498M | $-222M | $-232M | $-15M | -22.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 498 | 596.43 | 720.42 | 838.81 |
| Operating Revenue | - | 498 | 596.43 | 720.42 | 838.81 |
| Cost Of Revenue | - | 95.77 | 103.37 | 113.33 | 126.14 |
| Gross Profit | - | 402.23 | 493.06 | 607.09 | 712.66 |
| Operating Expense | - | 635.60 | 663.24 | 736.04 | 699.05 |
| Research And Development | - | 135.54 | 137.76 | 164.59 | 163.21 |
| Selling General And Administration | - | 500.06 | 525.48 | 571.45 | 535.85 |
| Total Expenses | - | 731.37 | 766.60 | 849.37 | 825.20 |
| Operating Income | - | -233.37 | -170.17 | -128.95 | 13.61 |
| Total Operating Income As Reported | - | -233.37 | -170.17 | -138.61 | 13.20 |
| EBITDA | - | -221.87 | -158.03 | -109.53 | 39.47 |
| Normalized EBITDA | - | -221.87 | -158.03 | -99.87 | 39.87 |
| EBIT | - | -233.37 | -170.17 | -128.95 | 13.61 |
| Interest Income | - | 14.77 | 45.90 | 51.70 | 38.18 |
| Net Interest Income | - | 12.58 | 45.90 | 51.70 | 38.18 |
| Other Non Operating Income Expenses | - | -2.19 | 0.51 | -3.92 | 1.90 |
| Other Income Expense | - | -2.19 | 0.51 | -13.59 | 1.49 |
| Interest Income Non Operating | - | 14.77 | 45.90 | 51.70 | 38.18 |
| Net Non Operating Interest Income Expense | - | 12.58 | 45.90 | 51.70 | 38.18 |
| Pretax Income | - | -220.79 | -123.77 | -90.84 | 53.28 |
| Tax Provision | - | 11.34 | 13.67 | 4.53 | -130.44 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | -2.03 | -0.09 |
| Net Income Continuous Operations | - | -232.13 | -137.44 | -95.37 | 183.72 |
| Net Income From Continuing And Discontinued Operation | - | -232.13 | -137.44 | -95.37 | 183.72 |
| Net Income From Continuing Operation Net Minority Interest | - | -232.13 | -137.44 | -95.37 | 183.72 |
| Net Income | - | -232.13 | -137.44 | -95.37 | 183.72 |
| Net Income Common Stockholders | - | -232.13 | -137.44 | -95.37 | 183.72 |
| Net Income Including Noncontrolling Interests | - | -232.13 | -137.44 | -95.37 | 183.72 |
| Normalized Income | - | -232.13 | -137.44 | -87.73 | 184.04 |
| Diluted NI Availto Com Stockholders | - | -232.13 | -137.44 | -95.37 | 183.72 |
| Basic Average Shares | - | 284.59 | 293.09 | 300.84 | 291.08 |
| Diluted Average Shares | - | 284.59 | 293.09 | 300.84 | 293.77 |
| Reconciled Depreciation | - | 11.50 | 12.14 | 19.42 | 25.86 |
| Reconciled Cost Of Revenue | - | 95.77 | 103.37 | 113.33 | 126.14 |
| Total Unusual Items | - | 0 | 0 | -9.66 | -0.40 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | -9.66 | -0.40 |
| Preferred Stock Dividends | 2,646.66 | - | - | - | - |
| Special Income Charges | - | 0 | 0 | -9.66 | -0.40 |
| Restructuring And Mergern Acquisition | - | 0 | 0 | 9.66 | 0.40 |
| General And Administrative Expense | - | 156.85 | 167.70 | 180.63 | 141.09 |
| Other Gand A | - | 156.85 | 167.70 | 180.63 | 141.09 |
| Total Other Finance Cost | - | -12.58 | - | - | - |
| Selling And Marketing Expense | - | 343.21 | 357.78 | 390.82 | 394.75 |
| Otherunder Preferred Stock Dividend | 2,646.66 | 0 | 0 | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Freshworks Inc.this co. | FRSH | $2.7B | 14.43 | 2.57 | 17.8% | 53.81 |
| Vistance Networks, Inc. | VISN | $2.8B | 1.23 | -2.79 | -227.4% | 30.18 |
| Workiva Inc. | WK | $2.8B | -105.19 | -506.37 | 481.4% | 2375.17 |
| StoneCo Ltd. | STNE | $2.6B | 1.13 | 0.24 | 21.1% | 2.17 |
| Braze, Inc. | BRZE | $2.6B | -19.85 | 4.18 |
| - |
| - |
| - |
| - |
| - |
| -21.0% |
| -20.45 |
| Quantum Computing Inc. | QUBT | $2.5B | -135.15 | 1.58 | -1.2% | -130.81 |
| Agilysys, Inc. | AGYS | $2.5B | 64.93 | 7.71 | 11.9% | 40.93 |
| PagSeguro Digital Ltd. | PAGS | $2.5B | 1.16 | 0.17 | 14.5% | 5.00 |
| PDF Solutions, Inc. | PDFS | $2.4B | -3688.94 | 8.71 | -0.2% | 129.30 |
| Peer Median | - | -9.36 | 0.91 | 5.8% | 17.59 | |