Freshworks Inc

Freshworks Inc

FRSH · NASDAQ · Technology / Software - Application

12.67USD+0.00 (0.00%)

Price History

Full chart

Market Stats

Previous Close12.67
Open12.82
Day Range12.46 – 12.84
52-Week Range6.79 – 13.99
Volume2.46M
Market Cap3.34B
P/E (TTM)20.33
Forward P/E15.70
EPS0.63
Dividend Yield0.00%
Beta0.89
50-Day Avg12.12
200-Day Avg10.21

About

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.

Company Details

  • SectorTechnology
  • IndustrySoftware - Application
  • CEOMr. Dennis M. Woodside J.D.
  • Employees4.50K
  • Headquarters2950 S. Delaware Street, San Mateo, CA, United States, 94403, USA
  • Websitehttps://www.freshworks.com

Leadership

  • Mr. Dennis M. Woodside J.D.CEO, President & Director · b. 1969
  • Mr. Tyler R. Sloat CPACFO & COO · b. 1974
  • Ms. Philippa LawrenceChief Accounting Officer · b. 1968
  • Mr. Murali SwaminathanChief Technology Officer
  • Ms. Kathryn R. ScolnickVice President of Investor Relations · b. 1969
  • Ms. Pamela A. Sergeeff Esq.Chief Legal Officer, General Counsel & Corporate Secretary · b. 1973
  • Ms. Kady SrinivasanChief Marketing Officer
  • Ms. Johanna JackmanChief People Officer
  • Mr. Jason LoomisChief Information Security Officer
  • Mr. Ian TickleChief Revenue Officer · b. 1971

Financials

Income Statement

Currency: USD2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue97.40M120.21M126.88M118.66M126.43M172.38M249.66M371.02M498.00M596.43M720.42M838.81M
Growth (%)-+23.42%+5.55%-6.48%+6.55%+36.34%+44.83%+48.61%+34.22%+19.77%+20.79%+16.43%
Cost of Revenue19.69M26.60M28.35M25.96M20.41M36.46M52.49M78.03M95.77M103.37M113.33M126.14M
Gross Profit77.71M93.61M98.54M92.70M106.01M135.91M197.17M292.99M402.23M493.06M607.09M712.66M
Gross Margin79.79%77.87%77.66%78.12%83.85%78.85%78.97%78.97%80.77%82.67%84.27%84.96%
Operating Expense62.41M77.97M88.89M106.97M94.75M165.59M253.28M497.77M635.60M663.24M745.70M699.05M
Operating Income15.30M15.63M9.65M-14.27M11.27M-29.67M-56.11M-204.78M-233.37M-170.17M-138.61M13.61M
Operating Margin15.71%13.01%7.60%-12.02%8.91%-17.21%-22.48%-55.19%-46.86%-28.53%-19.24%1.62%
EBITDA19.20M16.98M16.83M-4.02M18.26M-23.41M-44.94M-168.19M-212.48M-170.17M-109.53M110.84M
EBITDA Margin19.71%14.13%13.26%-3.39%14.44%-13.58%-18.00%-45.33%-42.67%-28.53%-15.20%13.21%
Net Income1.25M4.91M2.65M-7.00K4.32M-31.13M-57.29M-192.00M-232.13M-137.44M-95.37M183.72M
Net Income Margin1.28%4.09%2.09%-0.01%3.42%-18.06%-22.95%-51.75%-46.61%-23.04%-13.24%21.90%
R&D-----38.56M69.21M120.41M135.54M137.76M164.59M163.21M
R&D as % of Total Revenue-----22.37%27.72%32.45%27.22%23.10%22.85%19.46%
Interest Expense8.10M--5.08M5.21M--23.30M14.77M---
Interest Expense % of Total Revenue8.31%--4.28%4.12%--6.28%2.97%---

Balance Sheet

Currency: USD2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets266.95M275.47M273.87M246.17M246.72M321.77M367.42M1.48B1.38B1.46B1.61B1.60B
Total Liabilities175.65M177.81M172.38M144.00M147.70M1.44B3.06B244.77M328.40M384.51M473.96M570.06M
Total Equity91.30M97.66M101.50M102.17M99.02M-1.12B-2.70B1.24B1.05B1.07B1.14B1.03B
Cash5.06M6.87M2.07M2.17M5.77M75.00M95.38M747.86M304.09M488.12M620.32M569.77M
Total Debt115.00M111.04M108.84M95.39M82.04M---34.95M29.49M38.29M42.50M
Net Debt109.94M104.17M106.78M93.22M76.28M-75.00M-95.38M-747.86M-269.14M-458.63M-582.02M-527.27M

Cash Flow

Currency: USD2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow15.51M23.74M16.80M15.54M10.24M-8.16M32.53M11.46M-2.52M86.18M160.65M250.92M
Investing Cash Flow-9.53M-19.55M-19.39M-1.65M6.99M-148.95M-11.43M-420.30M-284.83M158.50M38.80M206.13M
Financing Cash Flow-4.63M-2.38M-2.21M-13.78M-13.63M150.23M-1.91M1.06B-156.35M-60.62M-67.26M-445.20M
Capital Expenditure4.07M10.43M18.01M3.99M576.00K14.83M9.01M9.12M12.24M8.34M14.66M5.70M
Free Cash Flow11.44M13.31M-1.21M11.55M9.66M-22.99M23.52M2.34M-14.77M77.84M145.98M245.22M
FCF to OCF73.78%56.07%-7.18%74.34%94.38%281.63%72.29%20.45%584.95%90.32%90.87%97.73%

Earnings

Report DateMar 31, 2020Jun 30, 2020Sep 30, 2020Dec 31, 2020Mar 31, 2021Jun 30, 2021Sep 22, 2021Nov 2, 2021Feb 10, 2022May 3, 2022Aug 2, 2022Nov 1, 2022Feb 7, 2023May 2, 2023Aug 1, 2023Oct 31, 2023Feb 6, 2024May 1, 2024Jul 30, 2024Nov 6, 2024Feb 11, 2025Apr 29, 2025Jul 29, 2025Nov 5, 2025Feb 10, 2026May 5, 2026Aug 4, 2026Nov 4, 2026
EPS Estimate0.000.000.000.000.000.000.00-0.10-0.06-0.05-0.07-0.05-0.04-0.020.020.050.050.080.060.080.100.130.11-0.050.110.11-0.030.02
EPS Actual-2.03-0.04-9.46-9.46-4.94-0.10-0.08-0.04-0.06-0.01-0.06-0.010.010.030.070.080.080.100.080.110.140.180.18-0.010.140.110.05-
Surprise-------60.00%0.00%80.00%14.29%80.00%125.00%250.00%250.00%60.00%60.00%25.00%33.33%37.50%40.00%38.46%63.64%80.00%27.27%0.00%266.67%-
Timing------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap3.34B
Enterprise Value2.73B
Trailing P/E20.33
Forward P/E15.70
PEG Ratio0.52
Price / Sales3.70
Price / Book3.75
EPS0.63
Book Value3.41
Revenue (TTM)903.87M
Gross Profit (TTM)767.96M
EBITDA57.49M
Profit Margin20.49%
Operating Margin5.53%
Return on Equity19.70%
Return on Assets1.58%
Shares Outstanding236.96M
Shares Float210.02M
Beta0.89
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 17 analystsTarget 14.79
  • Strong Buy
    7
  • Buy
    4
  • Hold
    5
  • Strong Sell
    1

Ownership Breakdown

Institutions
91.34%
Insiders
8.22%
Retail / Other
0.44%

Top Institutional Holders

  • BlackRock Inc
    17.00M6.52%
  • Alphabet Inc
    16.21M6.21%
  • Vanguard Portfolio Management, LLC
    15.54M5.96%
  • Vanguard Capital Management, LLC
    10.33M3.96%
  • Haveli Investment Management LLC
    8.20M3.14%
  • WESTBRIDGE CAPITAL MANAGEMENT, LLC
    7.86M3.01%
  • Citadel Advisors Llc
    6.84M2.62%
  • Alyeska Investment Group, L.P.
    6.45M2.47%
  • Geode Capital Management, LLC
    5.17M1.98%
  • State Street Corp
    5.05M1.94%
  • AQR Capital Management LLC
    4.75M1.82%
  • Renaissance Technologies Corp
    4.58M1.75%
  • Jupiter Asset Management Limited
    4.39M1.68%
  • Wellington Management Company LLP
    4.00M1.53%
  • The Goldman Sachs Group Inc
    3.92M1.50%
  • Dimensional Fund Advisors, Inc.
    3.19M1.22%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    7.62M2.92%
  • Vanguard Small Cap Index
    5.51M2.11%
  • iShares Russell 2000 ETF
    5.49M2.10%
  • Vanguard Information Technology ETF
    4.80M1.84%