Market Summary
USD19.41+0.03
Market Closed0.15%
FRSH Stock Price
FRSH RSI Chart
FRSH Valuation
FRSH Price/Sales (Trailing)
FRSH Profitability
FRSH Fundamentals
FRSH Revenue
FRSH Earnings
Price Action
52 Week Range
11.9223.80
(Low)(High)
Last 7 days
-2.4%
Last 30 days
-8.2%
Last 90 days
16.2%
Trailing 12 Months
46.3%
FRSH Financial Health
FRSH Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for FRSH
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-15 | Mathrubootham Rathnagirish | sold | -12,236,400 | 20.04 | -610,600 | chief executive officer |
2023-09-15 | Mathrubootham Rathnagirish | acquired | - | - | 610,600 | chief executive officer |
2023-09-15 | Ramamurthy Srinivasagopalan | acquired | - | - | 50,000 | chief product officer |
2023-09-15 | Ramamurthy Srinivasagopalan | sold | -1,002,500 | 20.05 | -50,000 | chief product officer |
2023-09-14 | Mathrubootham Rathnagirish | acquired | - | - | 503,462 | chief executive officer |
2023-09-14 | Mathrubootham Rathnagirish | sold | -10,416,600 | 20.69 | -503,462 | chief executive officer |
2023-09-13 | Mathrubootham Rathnagirish | sold | -16,481,100 | 20.97 | -785,938 | chief executive officer |
2023-09-13 | Mathrubootham Rathnagirish | acquired | - | - | 785,938 | chief executive officer |
2023-09-13 | Sloat Tyler | acquired | - | - | 23,244 | chief financial officer |
2023-09-13 | Sloat Tyler | sold (taxes) | -486,962 | 20.95 | -23,244 | chief financial officer |
Which funds bought or sold FRSH recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | added | 930 | 1,026,000 | 1,122,000 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | added | 8.98 | 126,888 | 639,912 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 0.02 | 59,103 | 467,380 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | added | 39.85 | 1,175,110 | 3,131,580 | -% |
2023-08-16 | Nuveen Asset Management, LLC | new | - | 18,151,600 | 18,151,600 | 0.01% |
2023-08-15 | ALLIANCEBERNSTEIN L.P. | added | 35.01 | 29,739,100 | 84,284,400 | 0.03% |
2023-08-15 | GOLDMAN SACHS GROUP INC | reduced | -57.43 | -8,317,470 | 7,904,780 | -% |
2023-08-15 | LAZARD ASSET MANAGEMENT LLC | added | 2,047 | 593,000 | 618,000 | -% |
2023-08-15 | WELLS FARGO & COMPANY/MN | added | 129 | 1,414,850 | 2,287,140 | -% |
2023-08-14 | Lombard Odier Asset Management (USA) Corp | new | - | 190,005 | 190,005 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Freshworks
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Jul 27, 2023 | sequoia capital india v ltd. | 6.7% | 12,033,920 | SC 13D/A | |
| Jul 25, 2023 | sc us (ttgp), ltd. | 11.5% | 21,482,653 | SC 13D/A | |
| Feb 21, 2023 | mathrubootham rathnagirish | 9.3% | 16,461,393 | SC 13G/A | |
| Feb 15, 2023 | accel leaders fund l.p. | 2.1% | 3,493,640 | SC 13G/A | |
| Feb 15, 2023 | westbridge crossover fund, llc | 10.2% | 16,512,210 | SC 13G/A | |
| Feb 14, 2023 | gilder gagnon howe & co llc | 0% | 0 | SC 13G/A | |
| Feb 14, 2023 | hound partners, llc | 1.3% | 2,082,484 | SC 13G/A | |
| Feb 14, 2023 | alliancebernstein l.p. | 2.0% | 3,260,992 | SC 13G/A | |
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 8.79% | 14,155,299 | SC 13G/A |
Recent SEC filings of Freshworks
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 15, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 15, 2023 | 4 | Insider Trading | |
| Sep 15, 2023 | 4 | Insider Trading | |
| Sep 15, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 13, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 12, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 12, 2023 | 4 | Insider Trading | |
| Sep 12, 2023 | 4 | Insider Trading |
Freshworks News
Returns for FRSH
Cumulative Returns on FRSH
Risks for FRSH
What is the probability of a big loss on FRSH?
94.3%
Probability that Freshworks stock will be more than 20% underwater in next one year
70.8%
Probability that Freshworks stock will be more than 30% underwater in next one year.
67.0%
Probability that Freshworks stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does FRSH drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Freshworks was unfortunately bought at previous high price.
Drawdowns
Financials for Freshworks
Income Statement (Last 12 Months)
| Income Statement (Last 12 Months) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2019Q4 |
| Revenue | 4.5% | 544,701,000 | 521,054,000 | 497,999,000 | 470,309,000 | 438,163,000 | 405,072,000 | 371,022,000 | 402,177,000 | 371,750,000 | 377,878,667 | 249,659,000 | 264,748,000 | 172,377,000 |
| Gross Profit | 5.4% | 445,269,000 | 422,441,000 | 402,227,000 | 379,295,000 | 349,092,000 | 321,340,000 | 292,992,000 | 265,439,000 | 244,085,000 | 232,596,000 | 197,167,000 | 212,096,000 | 135,915,000 |
| Operating Expenses | -0.2% | 655,561,000 | 656,796,000 | 635,599,000 | 608,434,000 | 660,196,000 | 571,531,000 | 497,774,000 | 417,233,000 | 255,573,000 | 239,328,000 | 253,279,000 | 211,884,000 | 165,585,000 |
| S&GA Expenses | -0.6% | 356,488,000 | 358,551,000 | 343,207,000 | 320,559,000 | 330,479,000 | 289,303,000 | 260,345,000 | 226,084,000 | 163,463,000 | 152,801,333 | 133,277,000 | 136,656,000 | 111,115,000 |
| R&D Expenses | -0.1% | 137,566,000 | 137,683,000 | 135,543,000 | 129,915,000 | 151,131,000 | 135,729,000 | 120,407,000 | 107,525,000 | 63,687,000 | 59,722,667 | 69,210,000 | 52,996,000 | 38,559,000 |
| EBITDA | 100.0% | - | -201,253,000 | -209,286,000 | -214,579,000 | -275,291,000 | -214,610,000 | -168,185,000 | -114,666,000 | 3,367,000 | - | -42,110,000 | 16,121,333 | -21,230,000 |
| EBITDA Margin | 100.0% | - | -0.39 | -0.42 | -0.45 | -0.64 | -0.58 | -0.45 | -0.29 | 0.01 | - | -0.17 | 0.06 | -0.12 |
| Earnings Before Taxes | 16.7% | -177,375,000 | -212,896,000 | -220,790,000 | -226,655,000 | -287,946,000 | -226,659,000 | -181,479,000 | -126,395,000 | -7,773,000 | -1,954,666 | -53,279,000 | 5,168,000 | -27,490,000 |
| EBT Margin | 100.0% | - | -0.41 | -0.44 | -0.48 | -0.67 | -0.61 | -0.49 | -0.31 | -0.02 | - | -0.21 | 0.02 | -0.16 |
| Net Income | 15.1% | -191,642,000 | -225,737,000 | -232,132,000 | -251,391,000 | -300,963,000 | -238,639,000 | -191,995,000 | -118,794,000 | -9,992,000 | -3,417,333 | -57,294,000 | 5,548,000 | -31,125,000 |
| Net Income Margin | 100.0% | - | -0.43 | -0.47 | -0.53 | -0.70 | -0.64 | -0.52 | -0.30 | -0.03 | - | -0.23 | 0.02 | -0.18 |
| Free Cashflow | -100.0% | - | 1,509,000 | -9,654,000 | -11,645,000 | -8,831,000 | 63,000 | 5,895,000 | 15,286,000 | 24,802,667 | - | 28,147,000 | 20,561,333 | -19,669,000 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2020Q4 |
| Assets | 0.7% | 1,400 | 1,391 | 1,380 | 1,363 | 1,378 | 1,391 | 1,483 | 1,488 | 367 |
| Current Assets | 1.0% | 1,303 | 1,291 | 1,277 | 1,269 | 1,285 | 1,300 | 1,421 | 1,422 | 312 |
| Cash Equivalents | 3.4% | 356 | 344 | 304 | 432 | 590 | 603 | 748 | 1,180 | 95.00 |
| Net PPE | -3.1% | 23.00 | 24.00 | 24.00 | 23.00 | 23.00 | 21.00 | 21.00 | 21.00 | 21.00 |
| Goodwill | 0% | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| Liabilities | 0.7% | 343 | 340 | 328 | 303 | 299 | 279 | 245 | 220 | 169 |
| Current Liabilities | 2.1% | 292 | 285 | 272 | 252 | 248 | 232 | 223 | 201 | 152 |
| Shareholder's Equity | 0.7% | 1,058 | 1,050 | 1,052 | 1,060 | 1,080 | 1,111 | 1,238 | 1,268 | - |
| Retained Earnings | -1.0% | -3,581 | -3,545 | -3,503 | -3,447 | -3,389 | -3,320 | -3,270 | -3,196 | -2,697 |
| Additional Paid-In Capital | 1.0% | 4,645 | 4,601 | 4,562 | 4,516 | 4,476 | 4,436 | 4,510 | 4,464 | - |
| Shares Outstanding | 0.6% | 292 | 290 | - | 287 | 285 | 278 | - | 96.00 | - |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2019Q4 |
| Cashflow From Operations | 350.5% | 34.00 | 8.00 | -2.52 | -4.85 | -2.67 | 5.00 | 11.00 | 20.00 | 30.00 | 43.00 | 33.00 | 25.00 | -8.16 |
| Share Based Compensation | 1.9% | 216 | 212 | 208 | 200 | 270 | 220 | 173 | 124 | - | - | 43.00 | 58.00 | 0.00 |
| Cashflow From Investing | -0.9% | -219 | -217 | -284 | -593 | -442 | -461 | -420 | 39.00 | 37.00 | 85.00 | -11.42 | -50.96 | -148 |
| Cashflow From Financing | 0.8% | -48.38 | -48.75 | -156 | -149 | 929 | 938 | 1,058 | 1,062 | -4.27 | -1.67 | -1.91 | -1.44 | 150 |
FRSH Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Revenue | $ 145,079 | $ 121,432 | $ 282,771 | $ 236,069 |
| Cost of revenue | 24,861 | 24,042 | 50,097 | 46,437 |
| Gross profit | 120,218 | 97,390 | 232,674 | 189,632 |
| Operating expense: | ||||
| Research and development | 34,180 | 34,297 | 67,037 | 65,014 |
| Sales and marketing | 87,975 | 90,038 | 174,785 | 161,504 |
| General and administrative | 41,352 | 40,407 | 82,248 | 77,590 |
| Total operating expenses | 163,507 | 164,742 | 324,070 | 304,108 |
| Loss from operations | (43,289) | (67,352) | (91,396) | (114,476) |
| Interest and other income (expense), net | 11,216 | (242) | 20,695 | 360 |
| Loss before income taxes | (32,073) | (67,594) | (70,701) | (114,116) |
| Provision for income taxes | 3,585 | 2,159 | 7,621 | 4,696 |
| Net loss | $ (35,658) | $ (69,753) | $ (78,322) | $ (118,812) |
| Net loss per share - basic (in dollars per share) | $ (0.12) | $ (0.24) | $ (0.27) | $ (0.42) |
| Net loss per share - diluted (in dollars per share) | $ (0.12) | $ (0.24) | $ (0.27) | $ (0.42) |
| Weighted-average shares used in computing net loss per share - basic (in shares) | 291,995 | 284,761 | 291,068 | 281,492 |
| Weighted-average shares used in computing net loss per share - diluted (in shares) | 291,995 | 284,761 | 291,068 | 281,492 |
FRSH Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 356,220 | $ 304,083 |
| Marketable securities | 804,646 | 843,405 |
| Accounts receivable, net of allowance of $6,955 and $6,628 | 73,909 | 70,470 |
| Deferred contract acquisition costs | 21,694 | 20,139 |
| Prepaid expenses and other current assets | 46,827 | 38,913 |
| Total current assets | 1,303,296 | 1,277,010 |
| Property and equipment, net | 23,471 | 24,139 |
| Operating lease right-of-use assets | 29,297 | 33,024 |
| Deferred contract acquisition costs, noncurrent | 19,268 | 19,536 |
| Goodwill | 6,181 | 6,181 |
| Deferred tax assets | 8,671 | 8,689 |
| Other assets | 10,123 | 11,637 |
| Total assets | 1,400,307 | 1,380,216 |
| Current liabilities: | ||
| Accounts payable | 1,686 | 5,908 |
| Accrued liabilities | 53,761 | 59,008 |
| Deferred revenue | 234,358 | 205,626 |
| Income tax payable | 1,751 | 1,150 |
| Total current liabilities | 291,556 | 271,692 |
| Operating lease liabilities, non-current | 24,251 | 28,174 |
| Other liabilities | 26,847 | 28,532 |
| Total liabilities | 342,654 | 328,398 |
| Commitments and contingencies (Note 7) | ||
| Stockholders' equity: | ||
| Preferred Stock, value | 0 | 0 |
| Additional paid-in capital | 4,644,686 | 4,562,319 |
| Accumulated other comprehensive loss | (5,641) | (7,431) |
| Accumulated deficit | (3,581,395) | (3,503,073) |
| Total stockholders' equity | 1,057,653 | 1,051,818 |
| Total liabilities and stockholders' equity | 1,400,307 | 1,380,216 |
| Class A Common Stock | ||
| Stockholders' equity: | ||
| Common stock, value | 2 | 2 |
| Class B Common Stock | ||
| Stockholders' equity: | ||
| Common stock, value | $ 1 | $ 1 |
Freshworks Inc., a software development company, provides modern software-as-a-service products worldwide. The company offers Freshdesk Support Desk that enables businesses to delight their customers at every service engagement touchpoint across traditional channels, including email, as well as modern channels, such as messaging and social media; Freshdesk Messaging, which provides agents with a modern conversational user interface to engage with customers across web, mobile, and social messaging applications; Freshdesk Contact Center that helps agent with cloud-based telephony system to connect with customers; Freshdesk Omnichannel Suite, an integrated suite to engage and track customers across digital and traditional channels; and Freshdesk Customer Success that helps customer success managers at B2B subscription companies. It also provides Freshsales, which provides configure-price-quote functionality to create quotes and AI-driven pipeline management to help salespeople predict deals performance; Freshmarketer, a marketing automation solution to acquire, engage, and retain customers; and Freshsales Suite, an unified sales and marketing solution that allows businesses to engage and track customers, as well as Freshservice that enables organizations to use its AI-powered service management capabilities to streamline IT service delivery. In addition, the company offers Freshteam, a HR Management solution that allows businesses to manage the entire employee lifecycle, including recruiting, employee onboarding, and other HR workflows; Freshping, a solution to monitor website availability, and get alerts and status pages; Freshstatus, which allows businesses to create a custom branded website status page; and Freshworks Neo, a platform that enables customers to extend and integrate Freshworks solutions to mold their business processes. Freshworks Inc. was formerly known as Freshdesk Inc. and changed its name to Freshworks Inc. in June 2017. The company was incorporated in 2010 and is headquartered in San Mateo, California.