Freshworks Inc. financial data

Symbol
FRSH on Nasdaq
Industry
Services-Prepackaged Software
Location
2950 S. Delaware St., Suite 201, San Mateo, California
State of incorporation
Delaware
Fiscal year end
December 31
Former names
FreshDesk Inc. (to 11/16/2016)
Latest financial report
Q1 2024 - May 1, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 424 % -12.4%
Debt-to-equity 34.6 % +15.5%
Return On Equity -11.1 % +48%
Return On Assets -8.23 % +49.8%
Operating Margin -24.7 % +45%

Shares

Label TTM Value / Value Unit Change %
Entity Public Float 2.91 B USD +91.4%
Weighted Average Number of Shares Outstanding, Basic 298 M shares +2.67%
Weighted Average Number of Shares Outstanding, Diluted 298 M shares +2.67%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 624 M USD +19.7%
Cost of Revenue 103 M USD +7.93%
Research and Development Expense 140 M USD +1.38%
Selling and Marketing Expense 366 M USD +1.97%
General and Administrative Expense 169 M USD +5.19%
Operating Income (Loss) -154 M USD +34.2%
Nonoperating Income (Expense) 49.7 M USD +132%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -105 M USD +50.9%
Income Tax Expense (Benefit) 13.6 M USD +5.79%
Net Income (Loss) Attributable to Parent -118 M USD +47.7%
Earnings Per Share, Basic -0.4 USD/shares +49.4%
Earnings Per Share, Diluted -0.4 USD/shares +49.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 468 M USD +35.9%
Marketable Securities, Current 843 M USD +46.5%
Accounts Receivable, after Allowance for Credit Loss, Current 84.3 M USD +15.8%
Assets, Current 1.37 B USD +5.92%
Deferred Income Tax Assets, Net 9.51 M USD +9.98%
Property, Plant and Equipment, Net 22.3 M USD -7.88%
Operating Lease, Right-of-Use Asset 30.5 M USD -2.17%
Intangible Assets, Net (Excluding Goodwill) 303 K USD -84%
Goodwill 6.18 M USD 0%
Other Assets, Noncurrent 12 M USD +8.54%
Assets 1.47 B USD +5.51%
Accounts Payable, Current 1.52 M USD -65.6%
Employee-related Liabilities, Current 16.8 M USD -10.5%
Accrued Liabilities, Current 58.2 M USD -0.28%
Contract with Customer, Liability, Current 276 M USD +25.1%
Liabilities, Current 336 M USD +17.8%
Operating Lease, Liability, Noncurrent 24.6 M USD -6.07%
Other Liabilities, Noncurrent 28.4 M USD -1.16%
Liabilities 389 M USD +14.4%
Accumulated Other Comprehensive Income (Loss), Net of Tax -1.27 M USD +71.8%
Retained Earnings (Accumulated Deficit) -3.66 B USD -3.33%
Stockholders' Equity Attributable to Parent 1.08 B USD +2.64%
Liabilities and Equity 1.47 B USD +5.51%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 40.6 M USD +253%
Net Cash Provided by (Used in) Financing Activities -23 M USD -84.7%
Net Cash Provided by (Used in) Investing Activities -37.8 M USD -191%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -20.1 M USD -150%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 468 M USD +35.9%
Deferred Tax Assets, Valuation Allowance 155 M USD +5.92%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 177 M USD +0.24%
Operating Lease, Liability 26.3 M USD -21.3%
Depreciation 6.6 M USD -2.47%
Payments to Acquire Property, Plant, and Equipment 739 K USD +93%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -115 M USD +49.2%
Lessee, Operating Lease, Liability, to be Paid 35.7 M USD -13.1%
Property, Plant and Equipment, Gross 68 M USD +15.4%
Operating Lease, Liability, Current 1.74 M USD -76.1%
Lessee, Operating Lease, Liability, to be Paid, Year Two 6.86 M USD -22%
Lessee, Operating Lease, Liability, to be Paid, Year One 9.71 M USD -0.5%
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure +25.6%
Deferred Income Tax Expense (Benefit) 477 K USD +322%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 9.33 M USD +23%
Lessee, Operating Lease, Liability, to be Paid, Year Three 5.66 M USD +2.26%
Deferred Tax Assets, Operating Loss Carryforwards 81.4 M USD -18.7%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 0 USD
Preferred Stock, Shares Authorized 10 M shares 0%
Unrecognized Tax Benefits 5.63 M USD +54.5%
Lessee, Operating Lease, Liability, to be Paid, Year Four 4.95 M USD +17%
Operating Lease, Payments 16.7 M USD +96.8%
Additional Paid in Capital 4.74 B USD +3.1%
Preferred Stock, Shares Outstanding 0 shares
Current Federal Tax Expense (Benefit) 2.81 M USD +31.5%
Amortization of Intangible Assets 1.59 M USD -63.2%
Depreciation, Depletion and Amortization 2.97 M USD -4.66%
Deferred Tax Assets, Net of Valuation Allowance 21.9 M USD -27.3%
Share-based Payment Arrangement, Expense 212 M USD +0.33%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%