Freshworks Inc.

FRSH

FRSHFreshworks Inc. US flag

NASDAQ Global Select

9.55

USD

-0.61

- -

2.64BMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	172	250	371	498	596	720	839
+ Sales & Services Revenue	172	250	371	498	596	720	839
- Cost of Revenue	36	52	78	96	103	113	126
+ Cost of Goods & Services	36	52	78	96	103	113	126
Gross Profit	136	197	293	402	493	607	713
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	166	253	498	636	663	736	699
+ Selling, General & Admin	127	184	377	500	525	571	536
+ Research & Development	39	69	120	136	138	165	163
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-30	-56	-205	-233	-170	-129	14
- Non-Operating (Income) Loss	-2	-3	-23	-13	-46	-38	-40
+ Interest Expense, Net	-1	-4	-2	-15	-46	-52	-38
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -
- Interest Income	1	4	2	15	46	52	38
+ Other Non-Op (Income) Loss	-1	1	-21	2	-1	14	-1
Pretax Income	-27	-53	-181	-221	-124	-91	53
- Income Tax Expense (Benefit)	4	4	11	11	14	5	-130
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-31	-57	-192	-232	-137	-95	184
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-31	-57	-192	-232	-137	-95	184
- Minority Interest	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-31	-57	-192	-232	-137	-95	184
- Preferred Dividends	553	1,561	2,647	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-584	-1,618	-2,839	-232	-137	-95	184
EBIT	-30	-56	-205	-233	-170	-129	14
EBITDA	-23	-45	-191	-222	-158	-110	39
EBITDA Margin (%)	-13.58	-18	-51.61	-44.55	-26.5	-15.2	4.71
EBITA	-30	-56	-205	-233	-170	-129	14
Gross Margin (%)	78.85	78.97	78.97	80.77	82.67	84.27	84.96
Operating Margin (%)	-17.21	-22.48	-55.19	-46.86	-28.53	-17.9	1.62
Profit Margin (%)	-18.06	-22.95	-51.75	-46.61	-23.04	-13.24	21.9
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	6	11	13	12	12	19	26
Basic Weighted Avg Shares	253	253	131	285	293	301	291
Basic EPS, GAAP	-2.31	-6.4	-21.73	-0.82	-0.47	-0.32	0.63
Basic EPS from Cont Ops	-0.12	-0.23	-1.47	-0.82	-0.47	-0.32	0.63
Diluted Weighted Avg Shares	253	253	131	285	293	301	294
Diluted EPS, GAAP	-2.31	-6.4	-21.73	-0.82	-0.47	-0.32	0.63
Diluted EPS from Cont Ops	-0.12	-0.23	-1.47	-0.82	-0.47	-0.32	0.63

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	276	312	1,421	1,277	1,356	1,265	1,097
+ Cash, Cash Equivalents & STI	223	238	1,324	1,147	1,188	1,070	781
+ Cash & Cash Equivalents	75	95	748	304	488	620	570
+ ST Investments	148	143	576	843	700	450	212
+ Accounts & Notes Receiv	24	34	52	70	97	123	151
+ Accounts Receivable, Net	24	34	52	70	97	123	151
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	29	40	46	59	71	72	165
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	45	55	61	103	101	346	506
+ Property, Plant & Equip, Net	20	21	21	57	55	63	79
+ Property, Plant & Equip	31	39	45	89	99	116	139
- Accumulated Depreciation	11	18	23	32	43	53	60
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	25	34	40	46	46	284	427
+ Total Intangible Assets	9	12	8	6	6	238	224
+ Goodwill	4	6	6	6	6	147	147
+ Other Intangible Assets	4	6	2	- -	- -	91	77
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	16	22	32	40	40	46	203
Total Assets	322	367	1,483	1,380	1,457	1,612	1,603
+ Payables & Accruals	23	36	38	34	32	42	68
+ Accounts Payable	4	4	6	6	3	2	12
+ Accrued Taxes	5	17	12	9	12	15	18
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	15	15	20	19	16	25	38
+ ST Debt	- -	- -	- -	7	3	8	9
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	7	3	8	9
+ Other ST Liabilities	75	116	185	231	293	357	421
+ Deferred Revenue	69	107	163	209	271	328	391
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	7	9	21	22	22	29	29
Total Current Liabilities	98	152	223	272	327	408	498
+ LT Debt	- -	- -	- -	28	27	30	33
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	28	27	30	33
+ Other LT Liabilities	1,346	2,912	21	29	31	36	39
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	1,346	2,912	21	29	31	36	39
Total Noncurrent Liabilities	1,346	2,912	21	57	57	66	72
Total Liabilities	1,444	3,064	245	328	385	474	570
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	4,510	4,562	4,714	4,874	4,586
+ Common Stock	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	4,510	4,562	4,714	4,874	4,586
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-1,123	-2,697	-3,271	-3,503	-3,641	-3,736	-3,552
+ Other Equity	- -	- -	-1	-7	-1	- -	-2
Equity Before Minority Interest	-1,123	-2,697	1,238	1,052	1,072	1,138	1,033
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
Total Equity	-1,123	-2,697	1,238	1,052	1,072	1,138	1,033
Total Liabilities & Equity	322	367	1,483	1,380	1,457	1,612	1,603
Shares Outstanding	281	281	273	289	297	303	283
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	35	29	38	43
Net Debt	-75	-95	-748	-304	-488	-620	-570
Net Debt to Equity	6.68	3.54	-60.41	-28.91	-45.52	-54.51	-55.18
Tangible Common Equity Ratio	-361.66	-763.1	83.4	76.1	73.49	65.51	58.66
Current Ratio	2.81	2.05	6.36	4.7	4.14	3.1	2.2
Cash Conversion Cycle	- -	17.2	18.85	21.49	34.71	47.53	40.56

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-31	-57	-192	-232	-137	-95	184
+ Depreciation & Amortization	6	11	13	12	12	19	26
+ Non-Cash Items	3	50	162	229	226	227	32
+ Stock-Based Compensation	- -	43	173	208	211	217	147
+ Deferred Income Taxes	-1	-2	-2	-2	-1	-13	3
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	4	9	-9	24	16	23	-118
+ Chg in Non-Cash Work Cap	14	29	28	-11	-14	10	1
+ (Inc) Dec in Accts Receiv	-9	-10	-18	-19	-27	-17	-28
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-11	-8	-6	-8	-7	-1	-12
+ Inc (Dec) in Accts Payable	17	25	20	8	-1	12	29
+ Inc (Dec) in Other	18	22	32	8	21	16	13
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-8	33	11	-3	86	161	242
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	1	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	1	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-12	-6	-6	-7	-2	-9	-6
+ Acq of Fixed Prod Assets	-12	-4	-6	-7	-2	-9	-6
+ Acq of Intangible Assets	- -	-2	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	1,069	- -	- -	-14	-386
+ Increase in Capital Stock	- -	- -	1,069	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	-14	-386
+ Net Change in LT Investment	-128	4	-412	-273	167	267	246
+ Dec in LT Investment	48	120	274	576	1,010	888	833
+ Inc in LT Investment	-177	-116	-686	-849	-843	-621	-587
+ Net Cash From Acq & Div	-6	-5	24	- -	- -	-214	-18
+ Cash from Divestitures	- -	- -	24	- -	- -	- -	- -
+ Cash for Acq of Subs	-6	-5	- -	- -	- -	-214	-18
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-3	-5	-28	-5	-6	-5	-16
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-149	-11	-420	-285	158	39	206
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	150	-2	-11	-156	-61	-54	-50
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	150	-2	1,058	-156	-61	-67	-437
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-7	19	650	-444	184	132	12
EBITDA	-23	-45	-191	-222	-158	-110	39
EBITDA Margin (%)	-13.58	-18	-51.61	-44.55	-26.5	-15.2	4.71
Free Cash Flow	-20	26	6	-10	84	151	237
Net Cash Paid for Acquisitions	6	5	-24	- -	- -	214	18
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-1,532	-2,640	-10	84	152	237
Free Cash Flow per Basic Share	-0.08	0.1	0.05	-0.03	0.29	0.5	0.81
Price/Free Cash Flow	- -	- -	201.52	909.27	78.02	28.65	14.51
Cash Flow to Net Income	0.26	-0.57	-0.06	0.01	-0.63	-1.68	1.32
Capital Expenditures	-12	-6	-6	-7	-2	-9	-6