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Freshworks Inc. Stock Research

FRSH

19.41USD+0.03(+0.15%)Market Closed
Watchlist

Market Summary

USD19.41+0.03
Market Closed
0.15%

FRSH Alerts

  • 7 major insider sales recently.
  • Big jump in Earnings (Y/Y)
  • Losses in recent quarter

FRSH Stock Price

FRSH RSI Chart

FRSH Valuation

Market Cap

5.7B

Price/Earnings (Trailing)

-29.57

Price/Sales (Trailing)

10.41

EV/EBITDA

-32.09

Price/Free Cashflow

189.66

FRSH Price/Sales (Trailing)

FRSH Profitability

Operating Margin

81.62%

EBT Margin

-40.86%

Return on Equity

-21.49%

Return on Assets

-16.23%

Free Cashflow Yield

0.53%

FRSH Fundamentals

FRSH Revenue

Revenue (TTM)

544.7M

Revenue Y/Y

19.47%

Revenue Q/Q

5.36%

FRSH Earnings

Earnings (TTM)

-191.6M

Earnings Y/Y

48.88%

Earnings Q/Q

16.42%

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

Current Ratio

4.52

FRSH Investor Care

Shares Dilution (1Y)

2.54%

Diluted EPS (TTM)

-0.67

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for FRSH

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold FRSH recently?

View All Details
Datesorted ascendingFund NameType% 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
-%

1–10 of 43

Latest Funds Activity

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

Schedule 13G FIlings of Freshworks

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

Best Stocks
Counterpoint Mutual Funds LLC Acquires Stake in Freshworks Inc ....
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11 hours ago
InvestorsObserver
Investor's Business Daily

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/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32019Q4
Revenue4.5%544,701,000521,054,000497,999,000470,309,000438,163,000405,072,000371,022,000402,177,000371,750,000377,878,667249,659,000264,748,000172,377,000
Gross Profit5.4%445,269,000422,441,000402,227,000379,295,000349,092,000321,340,000292,992,000265,439,000244,085,000232,596,000197,167,000212,096,000135,915,000
Operating Expenses-0.2%655,561,000656,796,000635,599,000608,434,000660,196,000571,531,000497,774,000417,233,000255,573,000239,328,000253,279,000211,884,000165,585,000
  S&GA Expenses-0.6%356,488,000358,551,000343,207,000320,559,000330,479,000289,303,000260,345,000226,084,000163,463,000152,801,333133,277,000136,656,000111,115,000
  R&D Expenses-0.1%137,566,000137,683,000135,543,000129,915,000151,131,000135,729,000120,407,000107,525,00063,687,00059,722,66769,210,00052,996,00038,559,000
EBITDA100.0%--201,253,000-209,286,000-214,579,000-275,291,000-214,610,000-168,185,000-114,666,0003,367,000--42,110,00016,121,333-21,230,000
EBITDA Margin100.0%--0.39-0.42-0.45-0.64-0.58-0.45-0.290.01--0.170.06-0.12
Earnings Before Taxes16.7%-177,375,000-212,896,000-220,790,000-226,655,000-287,946,000-226,659,000-181,479,000-126,395,000-7,773,000-1,954,666-53,279,0005,168,000-27,490,000
EBT Margin100.0%--0.41-0.44-0.48-0.67-0.61-0.49-0.31-0.02--0.210.02-0.16
Net Income15.1%-191,642,000-225,737,000-232,132,000-251,391,000-300,963,000-238,639,000-191,995,000-118,794,000-9,992,000-3,417,333-57,294,0005,548,000-31,125,000
Net Income Margin100.0%--0.43-0.47-0.53-0.70-0.64-0.52-0.30-0.03--0.230.02-0.18
Free Cashflow-100.0%-1,509,000-9,654,000-11,645,000-8,831,00063,0005,895,00015,286,00024,802,667-28,147,00020,561,333-19,669,000
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32020Q4
Assets0.7%1,4001,3911,3801,3631,3781,3911,4831,488367
  Current Assets1.0%1,3031,2911,2771,2691,2851,3001,4211,422312
    Cash Equivalents3.4%3563443044325906037481,18095.00
  Net PPE-3.1%23.0024.0024.0023.0023.0021.0021.0021.0021.00
  Goodwill0%6.006.006.006.006.006.006.006.006.00
Liabilities0.7%343340328303299279245220169
  Current Liabilities2.1%292285272252248232223201152
Shareholder's Equity0.7%1,0581,0501,0521,0601,0801,1111,2381,268-
  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 Capital1.0%4,6454,6014,5624,5164,4764,4364,5104,464-
Shares Outstanding0.6%292290-287285278-96.00-
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32019Q4
Cashflow From Operations350.5%34.008.00-2.52-4.85-2.675.0011.0020.0030.0043.0033.0025.00-8.16
  Share Based Compensation1.9%216212208200270220173124--43.0058.000.00
Cashflow From Investing-0.9%-219-217-284-593-442-461-42039.0037.0085.00-11.42-50.96-148
Cashflow From Financing0.8%-48.38-48.75-156-1499299381,0581,062-4.27-1.67-1.91-1.44150

FRSH Income Statement

2023-06-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 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 revenue24,86124,04250,09746,437
Gross profit120,21897,390232,674189,632
Operating expense:    
Research and development34,18034,29767,03765,014
Sales and marketing87,97590,038174,785161,504
General and administrative41,35240,40782,24877,590
Total operating expenses163,507164,742324,070304,108
Loss from operations(43,289)(67,352)(91,396)(114,476)
Interest and other income (expense), net11,216(242)20,695360
Loss before income taxes(32,073)(67,594)(70,701)(114,116)
Provision for income taxes3,5852,1597,6214,696
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)291,995284,761291,068281,492
Weighted-average shares used in computing net loss per share - diluted (in shares)291,995284,761291,068281,492

FRSH Balance Sheet

2023-06-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 356,220$ 304,083
Marketable securities804,646843,405
Accounts receivable, net of allowance of $6,955 and $6,62873,90970,470
Deferred contract acquisition costs21,69420,139
Prepaid expenses and other current assets46,82738,913
Total current assets1,303,2961,277,010
Property and equipment, net23,47124,139
Operating lease right-of-use assets29,29733,024
Deferred contract acquisition costs, noncurrent19,26819,536
Goodwill6,1816,181
Deferred tax assets8,6718,689
Other assets10,12311,637
Total assets1,400,3071,380,216
Current liabilities:  
Accounts payable1,6865,908
Accrued liabilities53,76159,008
Deferred revenue234,358205,626
Income tax payable1,7511,150
Total current liabilities291,556271,692
Operating lease liabilities, non-current24,25128,174
Other liabilities26,84728,532
Total liabilities342,654328,398
Commitments and contingencies (Note 7)
Stockholders' equity:  
Preferred Stock, value00
Additional paid-in capital4,644,6864,562,319
Accumulated other comprehensive loss(5,641)(7,431)
Accumulated deficit(3,581,395)(3,503,073)
Total stockholders' equity1,057,6531,051,818
Total liabilities and stockholders' equity1,400,3071,380,216
Class A Common Stock  
Stockholders' equity:  
Common stock, value22
Class B Common Stock  
Stockholders' equity:  
Common stock, value$ 1$ 1
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.