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Freshworks Inc. Stock Research

FRSH

14.30USD-0.13(-0.90%)Market Closed

Market Summary

USD14.30-0.13
Market Closed
-0.90%

FRSH Alerts

FRSH Stock Price

FRSH RSI Chart

FRSH Valuation

Market Cap

4.1B

Price/Earnings (Trailing)

-17.66

Price/Sales (Trailing)

8.23

EV/EBITDA

-18.14

Price/Free Cashflow

-424.67

FRSH Price/Sales (Trailing)

FRSH Profitability

Operating Margin

80.77%

EBT Margin

-44.34%

Return on Equity

-22.07%

Return on Assets

-16.82%

Free Cashflow Yield

-0.24%

FRSH Fundamentals

FRSH Revenue

Revenue (TTM)

498.0M

Revenue Y/Y

26.25%

Revenue Q/Q

3.42%

FRSH Earnings

Earnings (TTM)

-232.1M

Earnings Y/Y

25.77%

Earnings Q/Q

4.09%

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

Current Ratio

4.7

FRSH Investor Care

Shares Dilution (1Y)

198.86%

Diluted EPS (TTM)

-0.82

Financials for Freshworks

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22021Q42021Q3
Revenue5.0%497,999,000474,229,333431,368,000371,022,000402,177,000
Gross Profit6.0%402,227,000379,295,000349,092,000292,992,000-
Operating Expenses4.5%635,599,000608,434,000660,196,000497,774,000-
  S&GA Expenses7.1%343,207,000320,559,000330,479,000260,345,000-
  R&D Expenses4.3%135,543,000129,915,000151,131,000120,407,000-
EBITDA2.5%-209,286,000-214,579,000-275,291,000-168,185,000-
EBITDA Margin7.1%-0.42-0.45-0.64-0.45-
Earnings Before Taxes2.6%-220,790,000-226,655,000-287,946,000-181,479,000-
EBT Margin7.2%-0.44-0.48-0.67-0.49-
Net Income7.7%-232,132,000-251,391,000-300,963,000-191,995,000-
Net Income Margin12.1%-0.47-0.53-0.70-0.52-
Free Cahsflow17.1%-9,654,000-11,645,000-8,831,0005,895,000-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.3%1,3801,3631,3781,3911,483
  Current Assets0.6%1,2771,2691,2851,3001,421
    Cash Equivalents-29.7%304432590603748
  Net PPE3.2%24.0023.0023.0021.0021.00
  Goodwill0%6.006.006.006.006.00
Liabilities8.4%328303299279245
  Current Liabilities7.7%272252248232223
Shareholder's Equity-0.8%1,0521,0601,0801,1111,238
  Retained Earnings-1.6%-3,503-3,447-3,389-3,320-3,270
  Additional Paid-In Capital1.0%4,5624,5164,4764,4364,510
Accumulated Depreciation7.4%30.0028.0025.0023.00-
Shares Outstanding0.7%287285278--
Float-4,300----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations47.9%-2.52-4.85-2.675.0011.00
  Share Based Compensation3.9%208200270220173
Cashflow From Investing52.0%-284-593-442-461-420
Cashflow From Financing-4.7%-156-1499299381,058

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 ascendingFund NameType% 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%

1–10 of 41

Latest Funds Activity

Are funds buying FRSH calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own FRSH
No. of Funds

Freshworks News

Best Stocks

Brokerages have given Freshworks Inc. (NASDAQ:FRSH) a ....

Best Stocks,
17 hours ago

San Francisco Business Times

Seeking Alpha

Marketscreener.com

Marketscreener.com

IDG Connect

Seeking Alpha

Investor's Business Daily

Investor's Business Daily

Freshworks Cl A Earns Relative Strength Rating Upgrade.

Investor's Business Daily,
28 days ago

Schedule 13G FIlings of Freshworks

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 50

Rathna G. Mathrubootham
4600
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

2022-12-31
CONSOLIDATED 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 revenue95,77278,03052,492
Gross profit402,227292,992197,167
Operating expense:   
Research and development135,543120,40769,210
Sales and marketing343,207260,345133,277
General and administrative156,849117,02250,792
Total operating expenses635,599497,774253,279
Loss from operations(233,372)(204,782)(56,112)
Interest and other income, net12,58223,3032,833
Loss before income taxes(220,790)(181,479)(53,279)
Provision for income taxes11,34210,5164,015
Net loss(232,132)(191,995)(57,294)
Accretion of redeemable convertible preferred stock0(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)284,587130,65276,945
Weighted-average shares used in computing net loss per share attributable to common stockholders - basic (in shares)284,587130,65276,945

FRSH Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 304,083$ 747,861
Marketable securities843,405575,679
Accounts receivable, net of allowance of $6,628 and $6,03070,47051,756
Deferred contract acquisition costs20,13914,640
Prepaid expenses and other current assets38,91331,440
Total current assets1,277,0101,421,376
Property and equipment, net24,13921,478
Operating lease right-of-use assets33,024 
Deferred contract acquisition costs, noncurrent19,53615,007
Intangible assets, net3031,894
Goodwill6,1816,181
Deferred tax assets8,6896,284
Other assets11,33410,592
Total assets1,380,2161,482,812
Current liabilities:  
Accounts payable5,9086,321
Accrued liabilities59,00855,829
Deferred revenue205,626160,173
Income tax payable1,1501,023
Total current liabilities271,692223,346
Operating lease liabilities, non-current28,174 
Other liabilities28,53221,427
Total liabilities328,398244,773
Commitments and contingencies (Note 9)
Stockholders' equity:  
Preferred stock, value00
Additional paid-in capital4,562,3194,509,724
Accumulated other comprehensive loss(7,431)(747)
Accumulated deficit(3,503,073)(3,270,941)
Total stockholders' equity1,051,8181,238,039
Total liabilities and stockholders' equity1,380,2161,482,812
Class A Common Stock  
Stockholders' equity:  
Common stock, value20
Class B Common Stock  
Stockholders' equity:  
Common stock, value$ 1$ 3