Market Summary
USD14.30-0.13
Market Closed-0.90%
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
10.5121.26
(Low)(High)
Last 7 days
-7.1%
Last 30 days
-10.5%
Last 90 days
-2.3%
Trailing 12 Months
-15.5%
FRSH Financial Health
FRSH Investor Care
Financials for Freshworks
| Income Statement (Last 12 Months) | ||||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2021Q4 | 2021Q3 |
| Revenue | 5.0% | 497,999,000 | 474,229,333 | 431,368,000 | 371,022,000 | 402,177,000 |
| Gross Profit | 6.0% | 402,227,000 | 379,295,000 | 349,092,000 | 292,992,000 | - |
| Operating Expenses | 4.5% | 635,599,000 | 608,434,000 | 660,196,000 | 497,774,000 | - |
| S&GA Expenses | 7.1% | 343,207,000 | 320,559,000 | 330,479,000 | 260,345,000 | - |
| R&D Expenses | 4.3% | 135,543,000 | 129,915,000 | 151,131,000 | 120,407,000 | - |
| EBITDA | 2.5% | -209,286,000 | -214,579,000 | -275,291,000 | -168,185,000 | - |
| EBITDA Margin | 7.1% | -0.42 | -0.45 | -0.64 | -0.45 | - |
| Earnings Before Taxes | 2.6% | -220,790,000 | -226,655,000 | -287,946,000 | -181,479,000 | - |
| EBT Margin | 7.2% | -0.44 | -0.48 | -0.67 | -0.49 | - |
| Net Income | 7.7% | -232,132,000 | -251,391,000 | -300,963,000 | -191,995,000 | - |
| Net Income Margin | 12.1% | -0.47 | -0.53 | -0.70 | -0.52 | - |
| Free Cahsflow | 17.1% | -9,654,000 | -11,645,000 | -8,831,000 | 5,895,000 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 1.3% | 1,380 | 1,363 | 1,378 | 1,391 | 1,483 |
| Current Assets | 0.6% | 1,277 | 1,269 | 1,285 | 1,300 | 1,421 |
| Cash Equivalents | -29.7% | 304 | 432 | 590 | 603 | 748 |
| Net PPE | 3.2% | 24.00 | 23.00 | 23.00 | 21.00 | 21.00 |
| Goodwill | 0% | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| Liabilities | 8.4% | 328 | 303 | 299 | 279 | 245 |
| Current Liabilities | 7.7% | 272 | 252 | 248 | 232 | 223 |
| Shareholder's Equity | -0.8% | 1,052 | 1,060 | 1,080 | 1,111 | 1,238 |
| Retained Earnings | -1.6% | -3,503 | -3,447 | -3,389 | -3,320 | -3,270 |
| Additional Paid-In Capital | 1.0% | 4,562 | 4,516 | 4,476 | 4,436 | 4,510 |
| Accumulated Depreciation | 7.4% | 30.00 | 28.00 | 25.00 | 23.00 | - |
| Shares Outstanding | 0.7% | 287 | 285 | 278 | - | - |
| Float | - | 4,300 | - | - | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 47.9% | -2.52 | -4.85 | -2.67 | 5.00 | 11.00 |
| Share Based Compensation | 3.9% | 208 | 200 | 270 | 220 | 173 |
| Cashflow From Investing | 52.0% | -284 | -593 | -442 | -461 | -420 |
| Cashflow From Financing | -4.7% | -156 | -149 | 929 | 938 | 1,058 |
Risks for FRSH
What is the probability of a big loss on FRSH?
92.3%
Probability that Freshworks stock will be more than 20% underwater in next one year
87.2%
Probability that Freshworks stock will be more than 30% underwater in next one year.
87.2%
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
Returns for FRSH
Cumulative Returns on FRSH
Which funds bought or sold FRSH recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -75.45 | -591,848 | 228,152 | -% |
2023-02-15 | LAZARD ASSET MANAGEMENT LLC | reduced | -43.09 | -18,000 | 31,000 | -% |
2023-02-15 | Chimera Capital Management LLC | sold off | -100 | -1,075,000 | - | -% |
2023-02-15 | State of Wyoming | added | 292 | 98,477 | 126,477 | 0.04% |
2023-02-15 | Virtu Financial LLC | sold off | -100 | -131,000 | - | -% |
2023-02-15 | JANE STREET GROUP, LLC | added | 42.76 | 341,220 | 892,220 | -% |
2023-02-15 | ALLIANCEBERNSTEIN L.P. | added | 0.82 | 6,017,190 | 47,969,200 | 0.02% |
2023-02-14 | JANUS HENDERSON GROUP PLC | added | 179 | 1,054,050 | 1,538,050 | -% |
2023-02-14 | Graham Capital Management, L.P. | new | - | 1,457,360 | 1,457,360 | 0.04% |
2023-02-14 | Alphabet Inc. | added | - | 7,021,600 | 59,363,600 | 3.45% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Freshworks News
Schedule 13G FIlings of Freshworks
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | alliancebernstein l.p. | 2.0% | 3,260,992 | SC 13G/A | |
| Feb 14, 2023 | hound partners, llc | 1.3% | 2,082,484 | SC 13G/A | |
| Feb 14, 2023 | gilder gagnon howe & co llc | 0% | 0 | 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 | |
| Jan 20, 2023 | westbridge crossover fund, llc | 9.7% | 15,598,261 | SC 13G | |
| Nov 14, 2022 | sc us (ttgp), ltd. | 12.0% | 21,482,653 | SC 13D/A |
FRSH Fair Value
Recent SEC filings of Freshworks
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 10, 2023 | 4 | Insider Trading | |
| Mar 10, 2023 | 4 | Insider Trading | |
| Mar 10, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 10-K | Annual Report |
Latest Insider Trading transactions for FRSH
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-14 | Epstein Stacey | acquired | - | - | 157,302 | chief marketing officer |
2023-03-14 | Epstein Stacey | sold | -2,314,410 | 14.27 | -162,187 | chief marketing officer |
2023-03-13 | Sloat Tyler | acquired | - | - | 23,244 | chief financial officer |
2023-03-13 | Sloat Tyler | sold (taxes) | -325,648 | 14.01 | -23,244 | chief financial officer |
2023-03-10 | Taylor Jennifer H | acquired | - | - | 4,685 | - |
2023-03-10 | Flower Johanna | sold | -64,424 | 13.7072 | -4,700 | - |
2023-03-10 | Epstein Stacey | acquired | - | - | 36,212 | chief marketing officer |
2023-03-10 | Epstein Stacey | sold (taxes) | -493,932 | 13.64 | -36,212 | chief marketing officer |
2023-03-10 | Taylor Jennifer H | sold | -64,330 | 13.7312 | -4,685 | - |
2023-03-10 | Flower Johanna | acquired | - | - | 4,700 | - |
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.
FRSH Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income Statement [Abstract] | |||
| Revenue | $ 497,999 | $ 371,022 | $ 249,659 |
| Cost of revenue | 95,772 | 78,030 | 52,492 |
| Gross profit | 402,227 | 292,992 | 197,167 |
| Operating expense: | |||
| Research and development | 135,543 | 120,407 | 69,210 |
| Sales and marketing | 343,207 | 260,345 | 133,277 |
| General and administrative | 156,849 | 117,022 | 50,792 |
| Total operating expenses | 635,599 | 497,774 | 253,279 |
| Loss from operations | (233,372) | (204,782) | (56,112) |
| Interest and other income, net | 12,582 | 23,303 | 2,833 |
| Loss before income taxes | (220,790) | (181,479) | (53,279) |
| Provision for income taxes | 11,342 | 10,516 | 4,015 |
| Net loss | (232,132) | (191,995) | (57,294) |
| Accretion of redeemable convertible preferred stock | 0 | (2,646,662) | (1,560,524) |
| Net loss attributable to common stockholders - basic and diluted | |||
| Net loss attributable to common stockholders - basic | (232,132) | (2,838,657) | (1,617,818) |
| Net loss attributable to common stockholders - diluted | $ (232,132) | $ (2,838,657) | $ (1,617,818) |
| Net loss attributable to common stockholders - basic and diluted | |||
| Net loss per share attributable to Class A and Class B common stockholders - basic (in dollars per share) | $ (0.82) | $ (21.73) | $ (21.03) |
| Net loss per share attributable to Class A and Class B common stockholders - diluted (in dollars per share) | $ (0.82) | $ (21.73) | $ (21.03) |
| Weighted average shares used in computing net loss per share attributable to common stockholders - basic and diluted | |||
| Weighted-average shares used in computing net loss per share attributable to common stockholders - diluted (in shares) | 284,587 | 130,652 | 76,945 |
| Weighted-average shares used in computing net loss per share attributable to common stockholders - basic (in shares) | 284,587 | 130,652 | 76,945 |
FRSH Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 304,083 | $ 747,861 |
| Marketable securities | 843,405 | 575,679 |
| Accounts receivable, net of allowance of $6,628 and $6,030 | 70,470 | 51,756 |
| Deferred contract acquisition costs | 20,139 | 14,640 |
| Prepaid expenses and other current assets | 38,913 | 31,440 |
| Total current assets | 1,277,010 | 1,421,376 |
| Property and equipment, net | 24,139 | 21,478 |
| Operating lease right-of-use assets | 33,024 | |
| Deferred contract acquisition costs, noncurrent | 19,536 | 15,007 |
| Intangible assets, net | 303 | 1,894 |
| Goodwill | 6,181 | 6,181 |
| Deferred tax assets | 8,689 | 6,284 |
| Other assets | 11,334 | 10,592 |
| Total assets | 1,380,216 | 1,482,812 |
| Current liabilities: | ||
| Accounts payable | 5,908 | 6,321 |
| Accrued liabilities | 59,008 | 55,829 |
| Deferred revenue | 205,626 | 160,173 |
| Income tax payable | 1,150 | 1,023 |
| Total current liabilities | 271,692 | 223,346 |
| Operating lease liabilities, non-current | 28,174 | |
| Other liabilities | 28,532 | 21,427 |
| Total liabilities | 328,398 | 244,773 |
| Commitments and contingencies (Note 9) | ||
| Stockholders' equity: | ||
| Preferred stock, value | 0 | 0 |
| Additional paid-in capital | 4,562,319 | 4,509,724 |
| Accumulated other comprehensive loss | (7,431) | (747) |
| Accumulated deficit | (3,503,073) | (3,270,941) |
| Total stockholders' equity | 1,051,818 | 1,238,039 |
| Total liabilities and stockholders' equity | 1,380,216 | 1,482,812 |
| Class A Common Stock | ||
| Stockholders' equity: | ||
| Common stock, value | 2 | 0 |
| Class B Common Stock | ||
| Stockholders' equity: | ||
| Common stock, value | $ 1 | $ 3 |