See more : dMY Technology Group, Inc. III (DMYI-UN) Income Statement Analysis – Financial Results
Complete financial analysis of Freshworks Inc. (FRSH) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Freshworks Inc., a leading company in the Software – Application industry within the Technology sector.
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Freshworks Inc. (FRSH)
About Freshworks Inc.
Freshworks Inc., a software development company, provides modern software-as-a-service products worldwide. Freshworks Inc. was formerly known as Freshdesk Inc. and changed its name to Freshworks Inc. in June 2017. The company was incorporated in 2010 and is headquartered in San Mateo, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 596.43M | 498.00M | 371.02M | 249.66M | 172.38M | 126.43M | 118.66M | 126.88M | 120.21M | 97.40M |
| Cost of Revenue | 103.37M | 95.77M | 78.03M | 52.49M | 36.46M | 20.42M | 25.96M | 28.35M | 26.60M | 19.69M |
| Gross Profit | 493.06M | 402.23M | 292.99M | 197.17M | 135.92M | 106.01M | 92.70M | 98.54M | 93.61M | 77.71M |
| Gross Profit Ratio | 82.67% | 80.77% | 78.97% | 78.97% | 78.85% | 83.85% | 78.12% | 77.66% | 77.87% | 79.79% |
| Research & Development | 137.76M | 135.54M | 120.41M | 69.21M | 38.56M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 167.70M | 156.85M | 117.02M | 50.79M | 15.91M | 49.73M | 33.87M | 28.11M | 28.21M | 29.26M |
| Selling & Marketing | 357.78M | 343.21M | 260.35M | 133.28M | 111.12M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 525.48M | 500.06M | 377.37M | 184.07M | 127.03M | 49.73M | 33.87M | 28.11M | 28.21M | 29.26M |
| Other Expenses | 0.00 | -2.19M | 20.85M | -1.38M | 904.00K | 16.24M | 3.14M | 3.34M | 3.37M | 5.04M |
| Operating Expenses | 663.24M | 635.60M | 497.77M | 253.28M | 165.59M | 65.97M | 37.01M | 31.44M | 31.57M | 34.30M |
| Cost & Expenses | 766.60M | 731.37M | 575.80M | 305.77M | 202.05M | 115.16M | 132.93M | 117.24M | 104.57M | 82.09M |
| Interest Income | 45.90M | 14.77M | 2.45M | 4.21M | 1.28M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 14.77M | 0.00 | 0.00 | 0.00 | 5.21M | 5.08M | 0.00 | 0.00 | 8.10M |
| Depreciation & Amortization | 12.14M | 17.70M | 13.29M | 11.17M | 6.26M | 7.24M | 10.45M | 12.24M | 10.00M | 8.62M |
| EBITDA | -158.03M | -221.87M | -194.03M | -44.94M | -23.41M | 18.26M | -4.02M | 16.83M | 16.98M | 19.20M |
| EBITDA Ratio | -26.50% | -44.55% | -51.61% | -18.00% | -13.58% | 14.44% | -3.39% | 13.26% | 14.13% | 19.71% |
| Operating Income | -170.17M | -233.37M | -204.78M | -56.11M | -29.67M | 11.27M | -14.27M | 9.65M | 15.64M | 15.31M |
| Operating Income Ratio | -28.53% | -46.86% | -55.19% | -22.48% | -17.21% | 8.91% | -12.02% | 7.60% | 13.01% | 15.71% |
| Total Other Income/Expenses | 46.40M | 12.58M | 23.30M | 2.83M | 2.18M | -5.46M | -5.28M | -5.06M | -9.16M | -12.82M |
| Income Before Tax | -123.77M | -220.79M | -181.48M | -53.28M | -27.49M | 5.81M | -19.55M | 4.59M | 6.48M | 2.48M |
| Income Before Tax Ratio | -20.75% | -44.34% | -48.91% | -21.34% | -15.95% | 4.59% | -16.48% | 3.62% | 5.39% | 2.55% |
| Income Tax Expense | 13.67M | 11.34M | 10.52M | 4.02M | 3.64M | 1.48M | -19.54M | 1.94M | 2.07M | 1.24M |
| Net Income | -137.44M | -232.13M | -192.00M | -57.29M | -31.13M | 4.32M | -7.00K | 2.65M | 4.91M | 1.25M |
| Net Income Ratio | -23.04% | -46.61% | -51.75% | -22.95% | -18.06% | 3.42% | -0.01% | 2.09% | 4.09% | 1.28% |
| EPS | -0.47 | -0.82 | -1.47 | -0.23 | -0.12 | 0.25 | 0.00 | 0.16 | 0.29 | 0.10 |
| EPS Diluted | -0.47 | -0.82 | -1.47 | -0.23 | -0.12 | 0.25 | 0.00 | 0.16 | 0.29 | 0.10 |
| Weighted Avg Shares Out | 293.09M | 284.59M | 130.65M | 252.90M | 252.90M | 17.00M | 16.87M | 16.74M | 16.65M | 12.10M |
| Weighted Avg Shares Out (Dil) | 293.09M | 284.59M | 130.65M | 252.90M | 252.90M | 17.00M | 16.87M | 16.77M | 16.87M | 12.10M |
Freshworks Inc. (FRSH) Q3 2024 Earnings Call Transcript
Freshworks Inc. (FRSH) Q3 2024 Earnings Call Transcript
Freshworks Inc. (FRSH) Q3 Earnings and Revenues Beat Estimates
Freshworks Inc. (FRSH) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.08 per share a year ago.
Freshworks raises annual revenue, profit forecasts as AI boosts demand
Freshworks raised its annual revenue and profit forecasts on Wednesday following upbeat third-quarter results, as clients turn to the company's AI-driven products to manage their IT services.
Freshworks Reports Third Quarter 2024 Results
SAN MATEO, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ: FRSH), the provider of people-first AI service software, today announced financial results for its third quarter ended September 30, 2024.
Freshworks Inc. (FRSH) Expected to Beat Earnings Estimates: Should You Buy?
Freshwork (FRSH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Will Freshwork (FRSH) Beat Estimates Again in Its Next Earnings Report?
Freshwork (FRSH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Freshworks to Announce Third Quarter 2024 Financial Results on November 6, 2024
SAN MATEO, Calif., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ: FRSH) will announce its financial results for the third quarter ended September 30, 2024 following the close of market on Wednesday, November 6, 2024. Freshworks will host a...
Freshworks: Rating Upgrade; See Potential For Growth To Sustain At Healthy Levels
I recommend a buy rating for Freshworks. FRSH's revenue growth could sustain at 20%, driven by increasing traction in growth initiatives like Freddy and Fresh Service Solutions. Risks include potential worsening of the macroclimate, which could impact FRSH's growth narrative...
Freshworks: Falling Stock Disconnected From Fundamental Strength; Buy Here
Shares of Freshworks continued a sharp YTD selloff of ~50% despite posting strong Q2 results. The company enjoyed a strong "beat and raise" quarter and lifted its full-year growth outlook by 150bps, while constant-currency revenue growth also accelerated slightly in...
Freshworks Inc. (FRSH) Q2 2024 Earnings Call Transcript
Freshworks Inc. (NASDAQ:FRSH ) Q2 2024 Results Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Joon Huh - Vice President, Finance, Investor Relations and Treasury Dennis Woodside - Chief Executive Officer and President Tyler Sloat - Chief...
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Category: Stock Reports