Freshworks, Inc. FRSH Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 85%+0.6pp | 85%+0.7pp | 84.8%+0.9pp | 84.6%+1.1pp | 84.4%+1.1pp | |
| Operating margin | 1.8%+17.3pp | 1.6%+20.8pp | -6.2%+16.4pp | -10.4%+13.2pp | -15.5%+9.2pp | |
| Net margin | 20.7%+30.4pp | 21.9%+35.1pp | -3.7%+11.1pp | -7%+8.7pp | -9.8%+9.2pp | |
| EBITDA margin | 4.9%+17.4pp | 4.7%+21.2pp | -3%+17.2pp | -7.2%+14.5pp | -12.5%+10.3pp | |
| Free cash flow margin | 27.4%+5.0pp | 28.2%+7.2pp | 26.3%+5.1pp | 24.6%+5.1pp | 22.4%+4.3pp | |
| Returns | ||||||
| Return on equity | 17.3%+24.2pp | 16.9%+25.6pp | -3%+6.3pp | -5.2%+4.2pp | -6.9%+4.2pp | |
| Return on assets | 11.5%+16.3pp | 11.4%+17.6pp | -2%+4.8pp | -3.6%+3.3pp | -4.9%+3.4pp | |
| Return on invested capital | 3.1%+23.5pp | 2.6%+26.4pp | -8.1%+13.9pp | -11.9%+7.8pp | -20.4%+2.0pp | |
| Efficiency | ||||||
| Asset turnover | 0.6×+0.1× | 0.5×+0.1× | 0.6×+0.1× | 0.5×+0.1× | 0.5×+0.1× | |
| Liquidity | ||||||
| Current ratio | 1.9×-1.0× | 2.2×-0.9× | 2.3×-1.0× | 2.6×-0.6× | 2.9×-1.2× | |
| Quick ratio | 1.9×-1.0× | 2.2×-0.9× | 2.3×-1.0× | 2.6×-0.6× | 2.9×-1.2× | |
| Cash ratio | 1.1×-0.4× | 1.3×-0.3× | 0.9×-0.1× | 1.1×+0.3× | 1.4×0.0× | |
| 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×— | -15.1×— | —— | —— | —— | |
| Per Share | ||||||
| Book value per share | $3.60+2.1% | $3.52-7.1% | $2.98-20.8% | $3.34-10.1% | $3.52-2.6% | |
| Valuation | ||||||
| Market capitalization | $2.28B-46.4% | $3.45B-29.5% | $3.43B-0.3% | $4.31B+13.9% | $4.25B-21.1% | |
| Enterprise value | $1.77B-52.1% | $2.86B-33.6% | $3.05B-1.1% | $3.86B+10.2% | $3.7B-25.2% | |
| Price / earnings | 12.7×— | 18.8×— | —— | —— | —— | |
| Price / sales | 2.6×-3.0× | 4.1×-2.7× | 4.2×-0.8× | 5.5×-0.3× | 5.7×-3.0× | |
| Price / book | 2.2×-1.8× | 3.3×-1.0× | 4×+1.0× | 4.4×+1.0× | 4×-1.0× | |
| EV / EBITDA | 41.3×— | 73.3×— | —— | —— | —— | |
| EV / sales | 2×-2.9× | 3.4×-2.6× | 3.8×-0.7× | 4.9×-0.4× | 4.9×-3.0× | |
| Free cash flow yield | 10.5%+6.5pp | 6.9%+3.8pp | 6.2%+2.0pp | 4.5%+1.1pp | 4%+1.9pp | |
| Earnings yield | 7.9%+9.6pp | 5.3%+7.3pp | -0.9%+2.1pp | -1.3%+1.4pp | -1.7%+0.5pp |
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.
