What is Freshworks, Inc.'s net debt?

Freshworks, Inc. (FRSH) reported net debt of -$510.54M in Q1 2026.

How has Freshworks, Inc.'s net debt changed year-over-year?

Freshworks, Inc.'s net debt increased by 7.9% year-over-year, from -$554.48M to -$510.54M.

What is the long-term trend for Freshworks, Inc.'s net debt?

Over 3 years (2022 to 2025), Freshworks, Inc.'s net debt has grown at a 29.9% compound annual growth rate (CAGR), from -$269.21M to -$589.75M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Freshworks, Inc. FRSH Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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-0×-2.5×

Global Net LeaseGNL

-0.2×-0.1×

Healthcare Services GroupHCSG

-1.3×-22.6×

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-19.6×—

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

Calculated from Freshworks, Inc.’s reported figures.

$38.8Mtotal debt−$549.3Mcash and equivalents=-$510.54M

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 net debt?: Freshworks, Inc. (FRSH) reported net debt of -$510.54M in Q1 2026.
How has Freshworks, Inc.'s net debt changed year-over-year?: Freshworks, Inc.'s net debt increased by 7.9% year-over-year, from -$554.48M to -$510.54M.
What is the long-term trend for Freshworks, Inc.'s net debt?: Over 3 years (2022 to 2025), Freshworks, Inc.'s net debt has grown at a 29.9% compound annual growth rate (CAGR), from -$269.21M to -$589.75M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.