Freshworks Inc. income statement
In fiscal 2025, Freshworks Inc. reported revenue of $839m, up 16.4% on the year before, operating income of $13.2m (a 1.6% margin) and net income of $184m, or $0.63 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 172 | 250 | 371 | 498 | 596 | 720 | 839 | 904 |
| Cost of revenue | 36 | 52 | 78 | 96 | 103 | 113 | 126 | 136 |
| Gross profit | 136 | 197 | 293 | 402 | 493 | 607 | 713 | 768 |
| Research and development | 39 | 69 | 120 | 136 | 138 | 165 | 163 | 176 |
| Selling and marketing | 111 | 133 | 260 | 343 | 358 | 391 | 395 | 429 |
| General and administrative | 16 | 51 | 117 | 157 | 168 | 181 | 141 | 125 |
| Operating income | −30 | −56 | −205 | −233 | −170 | −139 | 13 | 30 |
| Income before tax | −27 | −53 | −181 | −221 | −124 | −91 | 53 | 50 |
| Income tax | 4 | 4 | 11 | 11 | 14 | 5 | −130 | −135 |
| Net income | −31 | −57 | −192 | −232 | −137 | −95 | 184 | 185 |
| Diluted EPS | −$8.21 | −$21.03 | −$21.73 | −$0.82 | −$0.47 | −$0.32 | $0.63 | $0.65 |
| Diluted shares (average) | 76m | 77m | 131m | 285m | 293m | 301m | 294m | 284m |
| EBITDA | −23 | −45 | −191 | −222 | −158 | −119 | 39 | 47 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 187 | 195 | 196 | 205 | 215 | 223 | 229 | 237 |
| Cost of revenue | 30 | 29 | 30 | 31 | 33 | 32 | 35 | 36 |
| Gross profit | 157 | 165 | 166 | 174 | 182 | 191 | 194 | 201 |
| Research and development | 48 | 41 | 40 | 40 | 41 | 42 | 49 | 44 |
| Selling and marketing | 101 | 91 | 89 | 95 | 101 | 109 | 112 | 106 |
| General and administrative | 46 | 48 | 47 | 47 | 47 | −0 | 40 | 38 |
| Operating income | −39 | −24 | −10 | −9 | −7 | 40 | −8 | 6 |
| Income before tax | −25 | −16 | 3 | 4 | −0 | 47 | −7 | 10 |
| Income tax | 5 | 6 | 4 | 6 | 5 | −145 | −2 | 7 |
| Net income | −30 | −22 | −1 | −2 | −5 | 191 | −5 | 3 |
| Diluted EPS | −$0.10 | −$0.08 | $0.00 | −$0.01 | −$0.02 | $0.66 | −$0.02 | $0.01 |
| EBITDA | −38 | −17 | −4 | −8 | −6 | 46 | −0 | 7 |
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