FRSH · NASDAQ · Software - Application

Freshworks (FRSH)

Cloud software for IT, employee, and customer service workflows, enhanced by Freddy AI.

$12.47
vs last close+0.02 (+0.14%)
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Freshworks Inc.FRSH
Information Technology

Sells subscription service software for IT, employee, and customer-support workflows, led by Freshservice and Freshdesk. Device42 and FireHydrant extend IT asset and incident operations, while Freddy AI layers agents, copilots, and insights across the portfolio; subscriptions provide nearly all revenue.

Sells cloud-based service software for employee and customer workflows. Freshservice combines IT service management, operations, infrastructure, asset discovery, and enterprise service delivery; Device42 adds discovery and dependency mapping, while FireHydrant adds incident response. Freshdesk Omni unifies customer support across ticketing, messaging, and voice, with Freshsales and Freshmarketer covering sales and marketing automation.

Layers Freddy AI agents, copilots, and insights across these products, and uses shared platform services, integrations, and a marketplace to speed deployment. Free trials, self-service adoption, direct sales, and partners reach businesses from small teams to large enterprises worldwide.

Generates nearly all revenue from subscriptions, with Freshservice and Freshdesk accounting for substantially all of it. Operations are reported as a single segment; most employees are based in India, and the cloud products run in AWS regions.

Company facts

CEODennis M. Woodside
ListedSep 22, 2021
ExchangeNASDAQ
HeadquartersSan Mateo, CA
CountryUnited States
Employees4,500
CIK0001544522
ISINUS3580541049

Market cap$3.44B
EPS (ttm)$0.6466
P/E (ttm)19.25
ROE19.5%
P/B3.84
P/S3.81
Dividend yieldDiv yield
Beta0.61vs XLK −0.37

Price target$14.00+12.4%Average of 18 analysts
ConsensusBuy9 of 18 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 14, 2026KeyBancInitiate
Rating: Target:
Rating: OverweightTarget: $18
Aug 5, 2026UBSReiterate
Rating: Target: $11
Rating: BuyTarget: $14
Aug 5, 2026Robert W. BairdTarget
Target: $10
Target: $13
Aug 5, 2026Cantor FitzgeraldReiterate
Rating: Target: $12
Rating: OverweightTarget: $15
Jul 22, 2026GuggenheimInitiate
Rating:
Rating: Buy

Next report
Nov 3, 26
in 42 days
EPS estimate
$0.18
Revenue estimate
$245.1M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Jul '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.14$0.18$0.18$0.16$0.14$0.11$0.17Pending
Estimate$0.10$0.13$0.12$0.13$0.11$0.11$0.13$0.18
Surprise+40.0%+38.5%+50.0%+23.1%+27.3%0.0%+30.4%

RevenueReportedEstimate

Feb '25Apr '25Jul '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$194.6M$196.3M$204.7M$215.1M$222.7M$228.6M$237.4MPending
Estimate$192.3M$191.9M$208.9M$218.8M$218.8M$223.6M$233.6M$245.1M
Surprise+1.2%+2.3%−2.0%−1.7%+1.8%+2.2%+1.6%
Estimate$0.18
ReportedDue Nov 3, 2026
Estimate$245.1M
ReportedDue Nov 3, 2026
View details

Debt to equity2.90%
Current ratio169.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$186.6M$194.6M$196.3M$204.7M$215.1M$222.7M$228.6M$237.4M
Net income−$30.0M−$21.9M−$1.3M−$1.7M−$4.7M$191.4M−$4.8M$3.2M
Net margin0.0%0.0%0.0%0.0%0.0%86.0%0.0%1.4%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$38.9M−$23.8M−$10.4M−$8.7M−$7.5M$39.7M−$8.1M$6.1M
YoY growthLoss widenedLoss narrowedLoss narrowedLoss narrowedLoss narrowedTurned profitLoss narrowedTurned profit

Balance sheet, Jun 30, 2026Cash & short-term investments $664.1M · Total debt $25.6M · Total assets $1.49B · Shareholders' equity $895.9M

Revenue
$237.4M
Operating income
$6.1M
Net income
$3.2M
View details

No dividends on record.

Institutions82.11%214.24M shares
355 holders · as of Jun 30, 2026
Insiders6.15%16.05M shares
14 holders · as of Sep 3, 2026
Strategic holders5.92%15.45M shares
2 holders · as of Nov 25, 2024
Other5.82%15.19M shares
remainder

260.92M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
7.50%19.56M Aas of Jun 30, 2026
Alphabet Inc.Institution
6.21%16.21M Aas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
6.10%15.91M Aas of Jun 30, 2026
BlackRock, Inc.Strategic
5.15%13.45Mfiled Jan 26, 2024
AQR Capital Management LLCInstitution
4.21%10.98M Aas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 2, 2026Philippa Lawrenceofficer: Chief Accounting Officer−52,767$13.25
Jul 6, 2026Philippa Lawrenceofficer: Chief Accounting Officer−3,470$10.13
Jul 2, 2026Jennifer H. Taylordirector−6,618$10.44
Jul 1, 2026Barry L. Padgettdirector−6,618$10.49
Jun 17, 2026Philippa Lawrenceofficer: Chief Accounting Officer−10,530$9.18
View details

  • ServiceNow

    Direct enterprise ITSM, ESM, and workflow platform rival

  • Salesforce

    Broad CRM, customer service, and AI-agent suite competitor

  • Atlassian

    Cloud ITSM and service-management rival through Jira

  • HubSpot

    Mid-market CRM and customer-service platform peer

  • Microsoft

    Dynamics 365 and Power Platform overlap in CRM and workflows

  • Oracle

    Enterprise CX and service-suite competitor

  • SAP (ADR)

    SAP Service Cloud overlaps in enterprise service workflows

  • PagerDuty

    Incident operations peer after FireHydrant expansion

Compare

CompanyPriceChange
Freshworks$12.47+0.14%$3.44B19.316.23.8+16.0%
ServiceNow$137.80+0.09%$142.34B86.030.49.7+24.0%
Salesforce$232.88−1.50%$193.63B21.615.94.4+10.8%
Atlassian$189.73−3.04%$51.40B34.77.8+27.6%
HubSpot$220.00+2.87%$10.95B75.614.53.2+19.8%
Microsoft$498.74−0.57%$3.72T27.925.411.2+17.8%
Oracle$149.85+0.87%$427.95B23.317.66.0+29.6%
SAP (ADR)$211.24+0.97%$243.79B26.823.15.6+5.8%
PagerDuty$14.47+0.07%$1.32B7.210.32.7+0.8%
Median26.820.45.8+18.8%