See more : Deregallera Holdings Ltd (DGI.L) 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) Beats Q2 Earnings and Revenue Estimates
Freshworks Inc. (FRSH) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.07 per share a year ago.
Freshworks forecasts third-quarter revenue above estimates as AI drives strong demand
Software firm Freshworks forecast third-quarter revenue above Wall Street estimates on Tuesday, expecting a surge in demand for its AI-powered services as customers ramp up digitization.
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Freshwork (FRSH) Loses -28.2% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
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Source: https://incomestatements.info
Category: Stock Reports