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NASDAQ NMS - GLOBAL MARKET · Technology · CIK 0001544522
$14.82
-0.17% · delayed ~15 min
Last price from Oct 21, 2026
$4.32B market value
From Freshworks Inc.'s FY2025 10-K, filed Feb 26, 2026 · read the filing
Freshworks makes and sells software and computing services. It took in $838.8M last year, which makes it a smaller company. Of every dollar it sells, about 22 cents is left as profit.
The financial picture is led by profitability and growth, while debt remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score -2.82
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Generally healthy, with a few things to watch.
From Freshworks Inc.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Operating income
-$138.6M → $13.2M
Profit
-$95.4M → $183.7M
Operating margin
-19.2% → 1.6%
Profit margin
-13.2% → 21.9%
Measured against FY2024, from the 10-K filed Feb 26, 2026
Improved: turned positive
-$138.6M to $13.2MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: turned positive
-$95.4M to $183.7MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
FRSH fell 0.17% on the latest quote. The average Technology company tracked here moved −1.27%, and the S&P 500 −1.04%. That is 1.1 points above its sector and 0.9 points above the market.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 3% a year for the next 10 years. Over the last 5 years it grew by about 53% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 22 cents of every dollar of sales as profit, earning $183.7M last year.
Yes, quickly. Sales grew 16.4% last year.
It does not appear so. For every $1 it owes, it owns $2.81 in assets. A bankruptcy-risk model also places it in its distress range.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2025 annual filing
Last year it earned $183.7M and generated $242.4M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 26, 2026Filing for FY2025 | FY202410-K · Feb 26, 2026Filing for FY2024 | FY202310-K · Feb 26, 2026Filing for FY2023 | FY202210-K · Feb 23, 2023Filing for FY2022 | FY202110-K · Feb 23, 2022Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $838.8M | $720.4M | $596.4M | $498.0M | $371.0M | +16.4% |
| Cost of revenue | $126.1M | $113.3M | $103.4M | $95.8M | $78.0M | +11.3% |
| Gross profit | $712.7M | $607.1M | $493.1M | $402.2M | $293.0M | +17.4% |
| Gross marginGross profit ÷ revenueWhat is this? | 85.0% | 84.3% | 82.7% | 80.8% | 79.0% | +0.7 pts |
| Selling, general and administrative | $141.1M | $180.6M | $167.7M | $156.8M | $117.0M | −21.9% |
| Operating income | $13.2M | -$138.6M | -$170.2M | -$233.4M | -$204.8M | n/m |
| Operating marginOperating income ÷ revenueWhat is this? | 1.6% | -19.2% | -28.5% | -46.9% | -55.2% | +20.8 pts |
| Income before tax | $53.3M | -$90.8M | -$123.8M | -$220.8M | -$181.5M | n/m |
| Net income | $183.7M | -$95.4M | -$137.4M | -$232.1M | -$192.0M | n/m |
| Net marginNet income ÷ revenueWhat is this? | 21.9% | -13.2% | -23.0% | -46.6% | -51.7% | +35.1 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $0.6312 | $-0.317 | $-0.4689 | $-0.8157 | $-1.47 | n/m |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Had shares withheld to cover taxes — 22,473 shares at $12.78 ($287.2K)
Holds 2,725,256 shares after this filing.
Had shares withheld to cover taxes — 10,563 shares at $12.78 ($135.0K)
Holds 1,713,890 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report for Q2 FY2026
Revenue +16.0% · Operating margin +6.8 pts · Operating income turned positive — against Q2 FY2025
Read the filingAnnounced restructuring or exit costs · Published results
Read the filingWrite down why you are following Freshworks Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 11 subsidiaries named in its 10-K, incorporated across 9 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from FRSH's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 26, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 7.3 | 7/8 | 10-K, filed Feb 26, 2026 |
| FY2024 | 4.7 | 5/8 | 10-K, filed Feb 20, 2025 |
| FY2023 | 4.7 | 5/8 | 10-K, filed Feb 16, 2024 |
| FY2022 | 4.7 | 3/8 | 10-K, filed Feb 23, 2023 |
| FY2021 | 7.3 | 3/8 | 10-K, filed Feb 23, 2022 |
| FY2020 | 4.7 | 4/5 | 10-K, filed Feb 23, 2022 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
7 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
-2.82
In the distress zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Improved: +20.8 pts
-19.2% to 1.6%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +35.1 pts
-13.2% to 21.9%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +56.2%
$151.5M to $236.7MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: turned positive
-$0.32 to $0.63Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +16.4%
$720.4M to $838.8MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +17.4%
$607.1M to $712.7MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Changed: -37.9%
$9.2M to $5.7MSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Deteriorated: -8.1%
$620.3M to $569.8MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -3.2%
300.8M to 291.1MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 4, 2026 — read it.
Improved: turned positive
-$8.7M to $6.1MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: turned positive
-$1.7M to $3.2MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: turned positive
-$0.01 to $0.01Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +16.0%
$204.7M to $237.4MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +16.0%
$173.5M to $201.3MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +6.8 pts
-4.2% to 2.6%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: -7.6%
294.4M to 272.0MSignificant
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Improved: +2.2 pts
-0.8% to 1.4%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 4, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: turned positive
-$8.1M to $6.1MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: turned positive
-$4.8M to $3.2MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: turned positive
-$0.02 to $0.01Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +6.1 pts
-3.5% to 2.6%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +3.5 pts
-2.1% to 1.4%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -9.8%
$548.2M to $494.7MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -4.0%
283.3M to 272.0MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
1 other measure barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 0% and 5%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 24 analysts covering this company, as of . Their views, not this site's.
Of 24 analysts publishing on this company, 4 say strong buy, 10 say buy and 10 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 8.6% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
This company has not reported enough of the required figures to calculate this score.
Had shares withheld to cover taxes — 6,262 shares at $13.15 ($82.3K)
Holds 926,848 shares after this filing.
Had shares withheld to cover taxes — 6,221 shares at $13.15 ($81.8K)
Holds 920,627 shares after this filing.
Had shares withheld to cover taxes — 1,634 shares at $12.78 ($20.9K)
Holds 918,993 shares after this filing.
Had shares withheld to cover taxes — 7,102 shares at $12.78 ($90.8K)
Holds 911,891 shares after this filing.
Had shares withheld to cover taxes — 2,086 shares at $12.78 ($26.7K)
Holds 387,210 shares after this filing.
Had shares withheld to cover taxes — 4,079 shares at $12.78 ($52.1K)
Holds 383,131 shares after this filing.
Sold on the open market — 3,492 shares at $12.98 ($45.3K)
Holds 379,639 shares after this filing.
Was granted or awarded shares — 1,062 shares
Holds 89,848 shares after this filing.
Was granted or awarded shares — 769 shares at $13.15 ($10.1K)
Holds 63,442 shares after this filing.
Was granted or awarded shares — 1,513 shares at $13.15 ($19.9K)
Holds 213,662 shares after this filing.
Was granted or awarded shares — 1,025 shares at $13.15 ($13.5K)
Holds 75,090 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 18,984 shares ($253.6K) on or after .
Shares originally obtained via Restricted Stock Units.
Filed notice to sell 3,870,000 shares ($44.9M) on or after .
Shares originally obtained via Open Market.
Filed notice to sell 6,618 shares ($68.9K) on or after .
Shares originally obtained via Restricted Stock Units.
Filed notice to sell 6,618 shares ($67.0K) on or after .
Shares originally obtained via Restricted Stock Units.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Reported another event
Held a shareholder vote
Read the filingMade a Regulation FD disclosure
Read the filingQuarterly report for Q1 FY2026
Revenue +16.5% · Operating margin +1.8 pts · Profit $3.5M wider — against Q1 FY2025
Read the filingAnnounced restructuring or exit costs · Published results
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join · Reported another event
Read the filingAnnual report for FY2025
Revenue +16.4% · Operating margin +20.8 pts · Operating income turned positive — against FY2024
Read the filingReported another event
Read the filingPublished results
Read the filingHad a director or senior officer leave or join
Read the filingQuarterly report for Q3 FY2025
Revenue +15.3% · Operating margin +17.4 pts · Operating income $31.4M narrower — against Q3 FY2024
Read the filingPublished results
Read the filingMade a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join
Read the filingQuarterly report for Q2 FY2025
Revenue +17.5% · Operating margin +20.9 pts · Operating income $35.1M narrower — against Q2 FY2024
Read the filingPublished results
Read the filingHeld a shareholder vote
Read the filingSource: Exhibit 21 of the 10-K filed 2026-02-26. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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