Freshworks, Inc. FRSH Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 85%0.0pp | 85%+0.2pp | 84.8%+0.2pp | 84.6%+0.2pp | 84.4%+0.1pp | |
| Operating margin | 1.8%+0.2pp | 1.6%+7.8pp | -6.2%+4.2pp | -10.4%+5.1pp | -15.5%+3.7pp | |
| Net margin | 20.7%-1.2pp | 21.9%+25.6pp | -3.7%+3.4pp | -7%+2.7pp | -9.8%+3.5pp | |
| EBITDA margin | 4.9%+0.3pp | 4.7%+7.7pp | -3%+4.2pp | -7.2%+5.3pp | -12.5%+4.0pp | |
| Free cash flow margin | 27.4%-0.8pp | 28.2%+2.0pp | 26.3%+1.7pp | 24.6%+2.2pp | 22.4%+1.4pp | |
| Returns | ||||||
| Return on equity | 17.3%+0.4pp | 16.9%+19.9pp | -3%+2.2pp | -5.2%+1.6pp | -6.9%+1.8pp | |
| Return on assets | 11.5%0.0pp | 11.4%+13.4pp | -2%+1.6pp | -3.6%+1.2pp | -4.9%+1.3pp | |
| Return on invested capital | 3.1%+0.4pp | 2.6%+10.7pp | -8.1%+3.8pp | -11.9%+8.5pp | -20.4%+3.3pp | |
| Efficiency | ||||||
| Asset turnover | 0.6×0.0× | 0.5×0.0× | 0.6×0.0× | 0.5×0.0× | 0.5×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.9×-0.3× | 2.2×-0.1× | 2.3×-0.4× | 2.6×-0.3× | 2.9×-0.2× | |
| Quick ratio | 1.9×-0.3× | 2.2×-0.1× | 2.3×-0.4× | 2.6×-0.3× | 2.9×-0.2× | |
| Cash ratio | 1.1×-0.2× | 1.3×+0.3× | 0.9×-0.2× | 1.1×-0.3× | 1.4×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Debt-to-assets | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Net debt / EBITDA | -11.9×+3.2× | -15.1×— | —— | —— | —— | |
| Per Share | ||||||
| Book value per share | $3.60+2.3% | $3.52+18.1% | $2.98-11.0% | $3.34-5.1% | $3.52-6.8% | |
| Valuation | ||||||
| Market capitalization | $2.28B-33.9% | $3.45B+0.7% | $3.43B-20.4% | $4.31B+1.2% | $4.25B-13.1% | |
| Enterprise value | $1.77B-38.2% | $2.86B-6.0% | $3.05B-21.0% | $3.86B+4.2% | $3.7B-14.3% | |
| Price / earnings | 12.7×-6.1× | 18.8×— | —— | —— | —— | |
| Price / sales | 2.6×-1.5× | 4.1×-0.1× | 4.2×-1.3× | 5.5×-0.2× | 5.7×-1.1× | |
| Price / book | 2.2×-1.1× | 3.3×-0.7× | 4×-0.3× | 4.4×+0.4× | 4×-0.3× | |
| EV / EBITDA | 41.3×-32.1× | 73.3×— | —— | —— | —— | |
| EV / sales | 2×-1.4× | 3.4×-0.3× | 3.8×-1.2× | 4.9×0.0× | 4.9×-1.1× | |
| Free cash flow yield | 10.5%+3.6pp | 6.9%+0.6pp | 6.2%+1.7pp | 4.5%+0.5pp | 4%+0.9pp | |
| Earnings yield | 7.9%+2.6pp | 5.3%+6.2pp | -0.9%+0.4pp | -1.3%+0.4pp | -1.7%+0.2pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Freshworks, Inc.'s profit margins?
- Freshworks, Inc. (FRSH) runs a 85.0% gross margin and a 1.8% operating margin, with a 20.7% net margin.
- Where do Freshworks, Inc.'s ratios come from?
- Every ratio is computed from Freshworks, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
