Freshworks (FRSH) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
720.4M
Gross Profit
607.1M
84.27%
Operating Income
-128.9M
-17.90%
Net Income
-95.4M
-13.24%
EPS (Diluted)
-$0.32
Balance Sheet Metrics
Total Assets
1.6B
Total Liabilities
474.0M
Shareholders Equity
1.1B
Debt to Equity
0.42
Cash Flow Metrics
Operating Cash Flow
163.6M
Free Cash Flow
146.0M
Revenue & Profitability Trend
Freshworks Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 720.4M | 596.4M | 498.0M | 371.0M | 249.7M |
| Cost of Goods Sold | 113.3M | 103.4M | 95.8M | 78.0M | 52.5M |
| Gross Profit | 607.1M | 493.1M | 402.2M | 293.0M | 197.2M |
| Operating Expenses | 736.0M | 663.2M | 635.6M | 497.8M | 253.3M |
| Operating Income | -128.9M | -170.2M | -233.4M | -204.8M | -56.1M |
| Pre-tax Income | -90.8M | -123.8M | -220.8M | -181.5M | -53.3M |
| Income Tax | 4.5M | 13.7M | 11.3M | 10.5M | 4.0M |
| Net Income | -95.4M | -137.4M | -232.1M | -192.0M | -57.3M |
| EPS (Diluted) | -$0.32 | -$0.47 | -$0.82 | -$21.73 | -$6.40 |
Income Statement Trend
Freshworks Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 1.3B | 1.4B | 1.3B | 1.4B | 312.4M |
| Non-Current Assets | 346.5M | 101.2M | 103.2M | 61.4M | 55.0M |
| Total Assets | 1.6B | 1.5B | 1.4B | 1.5B | 367.4M |
| Liabilities | |||||
| Current Liabilities | 407.7M | 327.2M | 271.7M | 223.3M | 152.2M |
| Non-Current Liabilities | 66.2M | 57.3M | 56.7M | 21.4M | 2.9B |
| Total Liabilities | 474.0M | 384.5M | 328.4M | 244.8M | 3.1B |
| Equity | |||||
| Total Shareholders Equity | 1.1B | 1.1B | 1.1B | 1.2B | -2.7B |
Balance Sheet Composition
Freshworks Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -95.4M | -137.4M | -232.1M | -192.0M | -57.3M |
| Operating Cash Flow | 163.6M | 107.5M | -432.0K | 21.9M | 14.8M |
| Investing Activities | |||||
| Capital Expenditures | -8.9M | -2.0M | -7.0M | -4.9M | -4.4M |
| Investing Cash Flow | 44.3M | 164.8M | -279.7M | -416.7M | -5.0M |
| Financing Activities | |||||
| Dividends Paid | - | - | - | - | - |
| Financing Cash Flow | -74.0M | -68.0M | -167.3M | 1.1B | -2.2M |
| Free Cash Flow | 146.0M | 77.8M | -14.8M | 2.3M | 21.8M |
Cash Flow Trend
Freshworks Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
-46.52
Forward P/E
28.63
Price to Book
4.10
Price to Sales
5.73
PEG Ratio
28.63
Profitability Ratios
Profit Margin
-9.76%
Operating Margin
-5.10%
Return on Equity
-6.86%
Return on Assets
-4.35%
Financial Health
Current Ratio
2.89
Debt to Equity
3.75
Beta
0.97
Per Share Data
EPS (TTM)
-$0.24
Book Value per Share
$3.56
Revenue per Share
$2.49
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| frsh | 4.3B | -46.52 | 4.10 | -6.86% | -9.76% | 3.75 |
| Salesforce | 251.8B | 41.22 | 4.16 | 10.31% | 16.08% | 19.81 |
| Intuit | 211.8B | 61.82 | 10.53 | 17.84% | 19.07% | 0.35 |
| Qxo | 14.1B | 21.67 | 2.19 | 1.44% | 65.40% | 0.01 |
| Descartes Systems | 8.7B | 61.07 | 5.95 | 10.66% | 21.67% | 0.55 |
| Altair Engineering | 9.6B | 699.06 | 11.17 | 1.81% | 2.13% | 30.23 |
Financial data is updated regularly. All figures are in the company's reporting currency.