What is Freshworks, Inc.'s contract liabilities?

Freshworks, Inc. (FRSH) reported contract liabilities of $2.9M in Q1 2026.

How has Freshworks, Inc.'s contract liabilities changed year-over-year?

Freshworks, Inc.'s contract liabilities decreased by 23.7% year-over-year, from $3.8M to $2.9M.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

Freshworks, Inc. FRSH Contract Liabilities

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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$2.54B-46.4%

Enterprise value$2.03B-52.1%

P/E14.1×—

P/S2.9×-3.4×

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 / equity0×0.0×

Current ratio1.9×-1.0×

Where this comes from

Reported directly by Freshworks, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: Freshworks, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Freshworks, Inc.'s contract liabilities?: Freshworks, Inc. (FRSH) reported contract liabilities of $2.9M in Q1 2026.
How has Freshworks, Inc.'s contract liabilities changed year-over-year?: Freshworks, Inc.'s contract liabilities decreased by 23.7% year-over-year, from $3.8M to $2.9M.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.