Freshworks Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $838.8M | $720.4M | $596.4M | $498.0M | $371.0M | $249.7M | $172.4M |
| Cost of Revenue | $126.1M | $113.3M | $103.4M | $95.8M | $78.0M | $52.5M | $36.5M |
| Gross Profit | $712.7M | $607.1M | $493.1M | $402.2M | $293.0M | $197.2M | $135.9M |
| Gross Margin | 85.0% | 84.3% | 82.7% | 80.8% | 79.0% | 79.0% | 78.8% |
| Operating Expenses | |||||||
| Research & Development | $163.2M | $164.6M | $137.8M | $135.5M | $120.4M | $69.2M | $38.6M |
| SG&A Expense | $141.1M | $180.6M | $167.7M | $156.8M | $117.0M | $50.8M | $15.9M |
| Operating Income | $13.2M | $-138.6M | $-170.2M | $-233.4M | $-204.8M | $-56.1M | $-29.7M |
| Operating Margin | 1.6% | -19.2% | -28.5% | -46.9% | -55.2% | -22.5% | -17.2% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $53.3M | $-90.8M | $-123.8M | $-220.8M | $-181.5M | $-53.3M | $-27.5M |
| Income Tax Expense | $-130.4M | $4.5M | $13.7M | $11.3M | $10.5M | $4.0M | $3.6M |
| Net Income | $183.7M | $-95.4M | $-137.4M | $-232.1M | $-192.0M | $-57.3M | $-31.1M |
| Net Margin | 21.9% | -13.2% | -23.0% | -46.6% | -51.7% | -22.9% | -18.1% |
| EPS (Basic) | $0.63 | $-0.32 | $-0.47 | $-0.82 | $-10.87 | $-10.52 | $-4.11 |
| EPS (Diluted) | $0.63 | $-0.32 | $-0.47 | $-0.82 | $-10.87 | $-10.52 | $-4.11 |
| Shares Outstanding (Basic) | 291.1M | 300.8M | 293.1M | 284.6M | 261.3M | 153.9M | 152.1M |
| Shares Outstanding (Diluted) | 293.8M | 300.8M | 293.1M | 284.6M | 261.3M | 153.9M | 152.1M |
| Dividends Per Share | — | — | — | — | — | — | — |