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Freshworks, Inc. FRSH Contract Assets

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Other financials

Income statement

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Revenue$228.6M+16.5%
Gross profit$193.9M+16.6%
Operating income-$8.1M+22.6%
Net income-$4.8M-269%
EPS (diluted)-$0.02

Balance sheet

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Cash & equivalents$549.3M-7.6%
Total debt$38.8M-2.7%
Total equity$1.0B-4.0%
Total assets$1.6B+4.2%

Cash flow

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Operating cash flow$62.4M+7.6%
CapEx$3.9M+201%
Free cash flow$58.5M+3.2%

Valuation

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Market cap$3.27B-8.7%
Enterprise value$2.76B-11.9%
P/E18.2×
P/S3.8×-0.8×

Profitability

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Gross margin85%+0.6pp
Operating margin1.8%+0.9pp
Net margin20.7%+15.7pp
FCF margin27.4%+5.0pp

Returns & leverage

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Return on equity17.3%+13.5pp
Debt / equity0.0×
Current ratio1.9×-1.0×

Where this comes from

Reported directly by Freshworks, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The source filing: Freshworks, Inc.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:31 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001544522-26-000090

Unbilled receivables primarily represent revenue recognized in excess of billings from non-cancellable multi-year contract arrangements. As of March 31, 2026 and December 31, 2025, we had $8.9 million and $9.8 million of unbilled receivables, respectively. Unbilled receivables are included within accounts receivable, net on the condensed consolidated balance sheets.

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Freshworks, Inc.'s contract assets?
Freshworks, Inc. (FRSH) reported contract assets of $8.9M in Q1 2026.
How has Freshworks, Inc.'s contract assets changed year-over-year?
Freshworks, Inc.'s contract assets increased by 23.6% year-over-year, from $7.2M to $8.9M.
What is the long-term trend for Freshworks, Inc.'s contract assets?
Over 2 years (2023 to 2025), Freshworks, Inc.'s contract assets has grown at a 600.0% compound annual growth rate (CAGR), from $200K to $9.8M.
What does contract assets mean?
Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

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