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% | - |
| 2024 | $720M | $-110M | $-95M | $146M | -8.4% | 20.8% | - |
| 2023 | $596M | $-158M | $-137M | $78M | -12.8% | 19.8% | - |
| 2022 | $498M | $-222M | $-232M | $-15M | -22.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | -233.37 | -170.17 | -128.95 | 13.61 |
| EBITDA | -221.87 | -158.03 | -109.53 | 39.47 |
| EBIT | -233.37 | -170.17 | -128.95 | 13.61 |
| Pretax Income | -220.79 | -123.77 | -90.84 | 53.28 |
| Tax Provision | 11.34 | 13.67 | 4.53 | -130.44 |
| Net Income | -232.13 | -137.44 | -95.37 | 183.72 |
| Net Income Common Stockholders | -232.13 | -137.44 | -95.37 | 183.72 |
| Total Expenses | 731.37 | 766.60 | 849.37 | 825.20 |
| Interest Income | 14.77 | 45.90 | 51.70 | 38.18 |
| Research And Development | 135.54 | 137.76 | 164.59 | 163.21 |
| Selling General And Administration | 500.06 | 525.48 | 571.45 | 535.85 |
| Normalized EBITDA | -221.87 | -158.03 | -99.87 | 39.87 |
| Normalized Income | -232.13 | -137.44 | -87.73 | 184.04 |
| Basic EPS | -0.82 | -0.47 | -0.32 | 0 |
| Diluted EPS | -0.82 | -0.47 | -0.32 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | -2.03 | -0.09 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | 0 | 0 | -9.66 | -0.41 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | -9.66 | -0.41 |
| Net Income From Continuing Operation Net Minority Interest | -232.13 | -137.44 | -95.37 | 183.72 |
| Reconciled Depreciation | 11.50 | 12.14 | 19.41 | 25.86 |
| Reconciled Cost Of Revenue | 95.77 | 103.37 | 113.33 | 126.14 |
| Net Interest Income | 12.58 | 45.90 | 51.70 | 38.18 |
| Net Income From Continuing And Discontinued Operation | -232.13 | -137.44 | -95.37 | 183.72 |
| Total Operating Income As Reported | -233.37 | -170.17 | -138.61 | 13.21 |
| Diluted Average Shares | 284.59 | 293.09 | 300.84 | 0 |
| Basic Average Shares | 284.59 | 293.09 | 300.84 | 0 |
| Diluted NI Availto Com Stockholders | -232.13 | -137.44 | -95.37 | 183.72 |
| Otherunder Preferred Stock Dividend | 0 | 0 | 0 | 0 |
| Preferred Stock Dividends | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | -232.13 | -137.44 | -95.37 | 183.72 |
| Net Income Continuous Operations | -232.13 | -137.44 | -95.37 | 183.72 |
| Other Income Expense | -2.19 | 0.51 | -13.59 | 1.49 |
| Other Non Operating Income Expenses | -2.19 | 0.51 | -3.92 | 1.90 |
| Special Income Charges | 0 | 0 | -9.66 | -0.41 |
| Restructuring And Mergern Acquisition | 0 | 0 | 9.66 | 0.41 |
| Net Non Operating Interest Income Expense | 12.58 | 45.90 | 51.70 | 38.18 |
| Total Other Finance Cost | -12.58 | 0 | 0 | 0 |
| Interest Income Non Operating | 14.77 | 45.90 | 51.70 | 38.18 |
| Selling And Marketing Expense | 343.21 | 357.78 | 390.82 | 394.75 |
| General And Administrative Expense | 156.85 | 167.70 | 180.63 | 141.09 |
| Other Gand A | 156.85 | 167.70 | 180.63 | 141.09 |
| Operating Revenue | 498 | 596.43 | 720.42 | 838.81 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Freshworks Inc.this co. | FRSH | $2.3B | 13.10β discount | 2.26 | 17.8% | 50.08 |
| Braze, Inc. | BRZE | $2.6B | - | 4.10 | -21.0% | -18.10 |
| Aehr Test Systems, Inc. | AEHR | $2.6B | - | 18.24 | -3.2% | -213.47 |
| Grindr Inc. | GRND | $2.5B | 30.91 | 52.32 | 201.6% | 20.22 |
| NextNav Inc. | NN | $2.4B | - | -28.15 |
| 219.5% |
| -40.60 |
| Vistance Networks, Inc. | VISN | $2.4B | 9.43 | -2.33 | 831.6% | 26.95 |
| AvePoint, Inc. | AVPT | $2.1B | 66.13 | 4.46 | 7.3% | 42.12 |
| EverCommerce Inc. | EVCM | $2.1B | 116.00 | 2.88 | 2.5% | 22.51 |
| ZoomInfo Technologies Inc. | GTM | $2.0B | 15.07 | 1.24 | 8.2% | 10.02 |
| Peer Median | - | 30.91 | 3.49 | 7.8% | 15.12 | |