Freshworks Inc. - Understand $frsh stock

$FRSH Market Cap: $4.952 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$686.0M

TTM

Gross Margin

83.82%

TTM

Net Earnings

-$101.5M

TTM

Current Assets

$1.233B

Q3 2024

Current Liabilities

$377.9M

Q3 2024

Current Ratio

326.19%

Q3 2024

Total Assets

$1.575B

Q3 2024

Total Liabilities

$440.2M

Q3 2024

Book Value

$1.135B

Q3 2024

Cash

$391.1M

Q3 2024

P/E

-48.76

Nov 29, 2024 EST

Free Cash Flow

$141.4M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019
Revenue	$596.4M	$498.0M	$371.0M	$249.7M	$172.4M
YoY Change	19.77%	34.22%	48.61%	44.83%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019
Revenue	$596.4M	$498.0M	$371.0M	$249.7M	$172.4M
Cost Of Revenue	$103.4M	$95.77M	$78.03M	$52.49M	$36.46M
Gross Profit	$493.1M	$402.2M	$293.0M	$197.2M	$135.9M
Gross Profit Margin	82.67%	80.77%	78.97%	78.97%	78.85%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019
Selling, General & Admin	$525.5M	$500.1M	$377.4M	$184.1M	$127.0M
YoY Change	5.08%	32.51%	105.01%	44.91%
% of Gross Profit	106.57%	124.32%	128.8%	93.36%	93.46%
Research & Development	$137.8M	$135.5M	$120.4M	$69.21M	$38.56M
YoY Change	1.63%	12.57%	73.97%	79.49%
% of Gross Profit	27.94%	33.7%	41.1%	35.1%	28.37%
Depreciation & Amortization	$12.14M	$11.50M	$13.29M	$11.17M	$6.260M
YoY Change	5.56%	-13.46%	19.03%	78.42%
% of Gross Profit	2.46%	2.86%	4.54%	5.66%	4.61%
Operating Expenses	$663.2M	$635.6M	$497.8M	$253.3M	$165.6M
YoY Change	4.35%	27.69%	96.53%	52.96%
Operating Profit	-$170.2M	-$233.4M	-$204.8M	-$56.11M	-$29.67M
YoY Change	-27.08%	13.96%	264.95%	89.12%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019
Interest Expense	$45.90M	$14.77M	$26.25M	$4.210M	$1.276M
YoY Change	210.71%	-43.74%	523.61%	229.94%
% of Operating Profit
Other Income/Expense, Net	$46.40M	$12.58M	$23.30M	$2.833M	$2.180M
YoY Change	268.8%	-46.01%	722.56%	29.95%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019
Pretax Income	-$123.8M	-$220.8M	-$181.5M	-$53.28M	-$27.49M
YoY Change	-43.94%	21.66%	240.62%	93.81%
Income Tax	$13.67M	$11.34M	$10.52M	$4.015M	$3.635M
% Of Pretax Income
Net Earnings	-$137.4M	-$232.1M	-$192.0M	-$57.29M	-$31.13M
YoY Change	-40.79%	20.91%	235.1%	84.08%
Net Earnings / Revenue	-23.04%	-46.61%	-51.75%	-22.95%	-18.06%
Basic Earnings Per Share	-$0.47	-$0.82	-$21.73	-$21.03	-$8.21
Diluted Earnings Per Share	-$0.47	-$0.82	-$21.73	-$21.03	-$8.21

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019
Cash & Short-Term Investments	$1.188B	$1.147B	$1.324B	$238.1M	$222.9M
YoY Change	3.5%	-13.3%	455.84%	6.84%
Cash & Equivalents	$488.1M	$304.1M	$747.9M	$95.38M	$75.00M
Short-Term Investments	$699.5M	$843.4M	$575.7M	$142.7M	$147.9M
Other Short-Term Assets	$70.74M	$59.05M	$46.08M	$40.02M	$29.34M
YoY Change	19.79%	28.15%	15.15%	36.4%
Inventory
Prepaid Expenses
Receivables	$97.18M	$70.47M	$51.76M	$34.27M	$24.30M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.356B	$1.277B	$1.421B	$312.4M	$276.5M
YoY Change	6.15%	-10.16%	354.98%	12.99%
Property, Plant & Equipment	$55.50M	$57.16M	$21.48M	$20.78M	$19.96M
YoY Change	-2.92%	166.15%	3.34%	4.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$39.55M	$39.56M	$31.88M	$21.83M	$16.43M
YoY Change	-0.03%	24.08%	46.04%	32.85%
Total Long-Term Assets	$101.2M	$103.2M	$61.44M	$55.02M	$45.27M
YoY Change	-1.92%	67.99%	11.66%	21.53%
Total Assets	$1.457B	$1.380B	$1.483B	$367.4M	$321.8M
YoY Change
Accounts Payable	$3.485M	$5.908M	$6.321M	$3.710M	$3.655M
YoY Change	-41.01%	-6.53%	70.38%	1.5%
Accrued Expenses	$56.61M	$59.01M	$55.03M	$33.67M	$20.80M
YoY Change	-4.07%	7.23%	63.46%	61.85%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$327.2M	$271.7M	$223.3M	$152.2M	$98.38M
YoY Change	20.44%	21.65%	46.7%	54.74%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$57.30M	$56.71M	$21.43M	$16.83M	$11.53M
YoY Change	1.04%	164.65%	27.34%	45.89%
Total Long-Term Liabilities	$57.30M	$56.71M	$21.43M	$16.83M	$11.53M
YoY Change	1.04%	164.65%	27.34%	45.89%
Total Liabilities	$384.5M	$328.4M	$244.8M	$169.1M	$109.9M
YoY Change	17.09%	34.16%	44.78%	53.82%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	293.1M shares	284.6M shares	130.7M shares	76.95M shares	76.03M shares
Diluted Shares Outstanding	293.1M shares	284.6M shares	130.7M shares	76.95M shares	76.03M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $4.9517 Billion

About Freshworks Inc.

Freshworks, Inc. is a software development company, which engages in software-as-a-service products. The company is headquartered in San Mateo, California and currently employs 4,900 full-time employees. The company went IPO on 2021-09-22. The firm provides software-as-a-service (SaaS) products that deliver artificial intelligence (AI)-guided customer and employee service solutions. The company has a unified Customer Relationship Management (CRM) platform that encompasses support, sales, and marketing. Its customer service (CS) includes Freshworks Customer Service Suite, Freshdesk, Freshcaller, and Freshsuccess. Its messaging/chat product offerings include Freshchat. Its sales and marketing product offerings include Freshsales, Freshmarketer, and Freshsales Suite. Its information technology (IT) and employee service management (ITSM) product offerings include Freshservice and Freshservice for Business Teams. The Company’s Neo platform is the AI-powered, enterprise-grade foundation for all Freshworks products, which include an AI engine, a Developer platform, the Freshworks Marketplace, analytics service and unified customer experience services.

Industry: Services-Prepackaged Software Peers: Alteryx, Inc. APPFOLIO INC Asana, Inc. Clearwater Analytics Holdings, Inc. DoubleVerify Holdings, Inc. nCino, Inc. RingCentral, Inc. Salesforce, Inc. SMARTSHEET INC SPS COMMERCE INC