Freshworks Inc. (FRSH) Stock Price & Analysis
Freshworks Inc. (FRSH) closed at USD 15.38 on Wednesday, October 28, 2026, up 3.22% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 14.9; the Oct 28, 2026 session ranged USD 14.63–15.39 on volume of 5,075,048 shares. Market capitalization is $4.01B, with a 52-week range of USD 6.79–15.51 (NMS). Source: Nexqual, retrieved October 29, 2026 at 08:45 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FRSH.md
Key facts (FRSH)
- Last four reported quarters (through Jun 30, 2026): revenue $904M, net income $185M (20.5% margin), free cash flow $234M (SEC filings).
- Valuation: P/E 21.7x (avg 19.6x at the last 1 fiscal year-ends).
- Earnings quality: non-operating income $20.2M vs operating income $30.3M over the last four quarters; P/E excluding non-operating income ≈24.3x (estimate: non-operating income taxed at the company's 0% effective rate).
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $1.0M; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 2 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.35 on a 1–5 scale) (17 analysts), mean target USD 14.79 (range 10–25).
- Total return with dividends: 1Y +40.5% vs S&P 500 +13.6%; 5Y -69.4% vs S&P 500 +79.8%.
- Next earnings: 2026-11-03, EPS estimate USD 0.18, revenue estimate $245M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FRSH)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $371M | $498M | $596M | $720M | $839M | $904M |
| Gross profit | $293M | $402M | $493M | $607M | $713M | — |
| Operating income | -$205M | -$233M | -$170M | -$139M | $13.2M | $30.3M |
| Net income | -$192M | -$232M | -$137M | -$95.4M | $184M | $185M |
| EPS (diluted) | -$21.73 | -$0.82 | -$0.47 | -$0.32 | $0.63 | — |
| Free cash flow | $5.9M | -$9.7M | $84.1M | $151M | $237M | $234M |
| Gross margin | 79.0% | 80.8% | 82.7% | 84.3% | 85.0% | — |
| Operating margin | -55.2% | -46.9% | -28.5% | -19.2% | 1.6% | 3.3% |
| Net margin | -51.7% | -46.6% | -23.0% | -13.2% | 21.9% | 20.5% |
| Revenue growth | +48.6% | +34.2% | +19.8% | +20.8% | +16.4% | — |
| Cash + short-term investments | $1.32B | $1.15B | $1.19B | $1.07B | $781M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (FRSH)
P/E 21.7x · P/E ex non-operating (est.) ≈24.3x · P/S 4.4x · P/FCF 17.2x · P/B 4.5x · FCF yield 5.82% · Earnings yield 4.61% · Buyback yield (TTM) 9.13%
P/E at fiscal year-ends: Dec 2025 19.6x.
Insider sales (SEC Form 4, open-market, last ~7 months) (FRSH)
6 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-05 | Lawrence Philippa | Chief Accounting Officer | 3,492 | $45K | 0.9% | Yes (adopted March 18, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-02 | Lawrence Philippa | Chief Accounting Officer | 52,767 | $699K | 11.9% | Yes (adopted March 18, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-07-06 | Lawrence Philippa | Chief Accounting Officer | 3,470 | $35K | 0.8% | Yes (adopted March 18, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-07-02 | Taylor Jennifer H | Director | 6,618 | $69K | 9.6% | Yes (adopted March 20, 2026) | Routine (sold in Jan & Feb & Mar & Apr & May & Jun & Aug & Sep each year 2023–2025; this trade is outside those months) |
| 2026-07-01 | Padgett Barry L. | Director | 6,618 | $69K | 12.3% | Yes (adopted September 18, 2025) | Routine (sold in Feb & Mar & May & Jul & Aug each year 2023–2025) |
| 2026-06-17 | Lawrence Philippa | Chief Accounting Officer | 10,530 | $97K | 2.2% | Yes (adopted March 18, 2026) | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (FRSH)
Consensus Buy (mean 2.35 on a 1–5 scale), 17 analysts; mean target USD 14.79 (low 10, high 25).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-28 | Wells Fargo | Target raised | Equal-Weight | $10 → $15 |
| 2026-09-14 | Keybanc | Initiated | Overweight | $18 |
| 2026-08-05 | UBS | Target raised | Buy | $11 → $14 |
| 2026-08-05 | Cantor Fitzgerald | Target raised | Overweight | $12 → $15 |
| 2026-08-05 | Piper Sandler | Target raised | Neutral | $10 → $12 |
| 2026-07-23 | Guggenheim | Initiated | Buy | $25 |
Total return (dividends reinvested) (FRSH)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +40.5% | -69.4% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +40.6% | -21.1% |
| Volatility (annualized) | 50.4% | 55.1% |
| Max drawdown | -48.8% (Dec 2025→Feb 2026) | -85.6% (Oct 2021→Feb 2026) |
FRSH earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.17 | $0.13 | Beat +30.8% | — |
| — | Quarter ended Mar 31, 2026 | $0.11 | $0.11 | In line | — |
| — | Quarter ended Dec 31, 2025 | $0.14 | $0.11 | Beat +27.3% | — |
| — | Quarter ended Sep 30, 2025 | $0.16 | $0.13 | Beat +23.1% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
FRSH recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Aug 4, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 4, 2026 | 8-K | Quarterly results; Exit or restructuring costs (layoffs, closures) “In May 2026, the Company announced a restructuring plan (the Plan) to streamline the Company's organizational efforts and product development process, as well as increase leverage of AI and automation across the business. During the three and six months ended June 30, 2026, we recognized $7.0 million in restructuring charges primarily associated with employee severance and benefit costs, in our condensed consolidated statements of operations. During the three and six months ended June 30, 2026, we paid $5.6…” |
| Jul 28, 2026 | 8-K | Other material event “On July 28, 2026, Freshworks Inc. (the "Company") announced that Ryan Manning has been appointed as the Company's Chief Product and Technology Officer, effective as of August 10, 2026. In this role, Mr. Manning will oversee the Company's global product and engineering functions.” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
FRSH suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Alphabet (Google) (GOOGL) | “We rely on third parties maintaining open digital marketplaces, including the Apple App Store and Google Play, which make our mobile applications for certain of our products available for download.” |
| Supplier | Apple (AAPL) | “We rely on third parties maintaining open digital marketplaces, including the Apple App Store and Google Play, which make our mobile applications for certain of our products available for download.” |
| Customer | D42 Parent | “We expect to derive value from the combination of D42 Parent, Inc.'s existing customer base, IT asset management technology, and trademarks, as well as through other synergies.” |
| Partner | Amazon (AMZN) | “We primarily rely upon third-party cloud infrastructure partner, Amazon Web Services (AWS), to serve customers and operate certain aspects of its services.” |
| Competitor | ServiceNow (NOW) | “For our employee experience products, we face competition from traditional IT service management vendors such as ServiceNow, BMC, and Ivanti, as well as modern cloud-based providers, including Atlassian and various mid-market and emerging ITSM platforms.” |
| Competitor | Salesforce (CRM) | “For our customer experience products, we primarily face competition from customer service suites such as Salesforce, Zendesk, Intercom, and legacy vendors, such as Oracle and SAP, and from customer relationship management vendors, such as Salesforce, HubSpot, Microsoft Dynamics, and Sage.” |
| Competitor | Oracle (ORCL) | “For our customer experience products, we primarily face competition from customer service suites such as Salesforce, Zendesk, Intercom, and legacy vendors, such as Oracle and SAP, and from customer relationship management vendors, such as Salesforce, HubSpot, Microsoft Dynamics, and Sage.” |
| Competitor | SAP (SAP) | “For our customer experience products, we primarily face competition from customer service suites such as Salesforce, Zendesk, Intercom, and legacy vendors, such as Oracle and SAP, and from customer relationship management vendors, such as Salesforce, HubSpot, Microsoft Dynamics, and Sage.” |
| Competitor | Microsoft (MSFT) | “For our customer experience products, we primarily face competition from customer service suites such as Salesforce, Zendesk, Intercom, and legacy vendors, such as Oracle and SAP, and from customer relationship management vendors, such as Salesforce, HubSpot, Microsoft Dynamics, and Sage.” |
Quoted from the company's 10-K filed Feb 26, 2026.
FRSH analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.18 | $0.18 | +1.0% | $245.1M | 17 |
| Next quarter (ends Dec 2026) | $0.21 | $0.20 | +2.5% | $253.9M | 17 |
| Current fiscal year (ends Dec 2026) | $0.67 | $0.62 | +7.2% | $965.0M | 17 |
| Next fiscal year (ends Dec 2027) | $0.83 | $0.80 | +4.1% | $1.10B | 17 |
Key Statistics (as of October 29, 2026 at 08:45 UTC)
| Price | USD 15.38 |
|---|---|
| Change | ▲ 3.22% (up) |
| Previous Close | USD 14.9 |
| Open | USD 14.69 |
| Day Range | USD 14.63 – 15.39 |
| 52-Week Range | USD 6.79 – 15.51 |
| Volume | 5,075,048 shares |
| Market Cap | $4.01B |
| Exchange | NMS |
Technical Analysis (FRSH)
Nexqual's technical model rates FRSH "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 29, 2026 at 08:45 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 68.9 (neutral) |
| vs SMA50 | Above (USD 13.36) |
| MACD | 0.64 (positive) |
Analyst Ratings (FRSH)
Wall Street analysts rate FRSH "Buy" based on 17 analysts, with a mean price target of USD 14.79 (range USD 10–25), per Nexqual as of October 29, 2026 at 08:45 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 17 |
| Mean Target | USD 14.79 |
| High Target | USD 25 |
| Low Target | USD 10 |
| Buy / Hold / Sell | 9 / 8 / 0 |
Earnings (FRSH)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 0.18 |
| Revenue Estimate | $245.06M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.17 vs est 0.13 ▲ beat |
| 2026-03-31 | USD 0.11 vs est 0.11 ▼ miss |
| 2025-12-31 | USD 0.14 vs est 0.11 ▲ beat |
| 2025-09-30 | USD 0.16 vs est 0.13 ▲ beat |
Source: Nexqual, October 29, 2026 at 08:45 UTC.
Financials & Fundamentals (FRSH)
| Total Revenue | $903.87M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +16.00% |
| Gross Margin | +84.96% |
| Operating Margin | +5.53% |
| Profit Margin | +20.49% |
| ROE | +19.70% |
| Debt / Equity | 0.04 |
| Current Ratio | 1.69 |
| Total Cash | $664.11M |
| Total Debt | $34.59M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $233.75M (25.9% of revenue) |
Source: Nexqual, October 29, 2026 at 08:45 UTC.
Financial Health Score (FRSH)
Nexqual rates Freshworks Inc.'s overall financial health "Strong" across five dimensions, as of October 29, 2026 at 08:45 UTC.
| Growth | Strong — Revenue +16% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 85%, operating 3% (last 4 quarters to Jun 2026, SEC; the Dec 2025 quarter alone accounts for 131% of operating income) |
| Balance Sheet | Strong — $664M cash vs $35M debt, net cash position |
| Cash Flow | Strong — FCF $234M (last 4 quarters to Jun 2026, SEC), 26% margin |
| Efficiency | Strong — ROE 21%, ROA 12.4% (last 4 quarters, SEC) |
Ownership (FRSH)
| Insider Ownership | +8.22% |
|---|---|
| Institutional Ownership | +91.96% |
| Shares Outstanding | 236.96M |
| Float | 209.96M |
| Short % of Float | +12.72% |
Source: Nexqual, October 29, 2026 at 08:45 UTC.
Leadership (FRSH)
Freshworks Inc. is led by Dennis M. Woodside, CEO, President & Director, per Nexqual as of October 29, 2026 at 08:45 UTC.
| CEO, President & Director | Dennis M. Woodside |
|---|---|
| Chief Technology Officer | Murali Swaminathan |
| Vice President of Investor Relations | Kathryn R. Scolnick |
| Chief Marketing Officer | Kady Srinivasan |
| Chief Revenue Officer | Ian Tickle |
Major Backers & Investors (FRSH)
Notable institutional backers of Freshworks Inc. include Alphabet Inc., AQR Capital Management, LLC, Haveli Investment Management LLC, according to Nexqual as of October 29, 2026 at 08:45 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Alphabet Inc. | 6.84% |
| AQR Capital Management, LLC | 4.63% |
| Haveli Investment Management LLC | 3.46% |
| Westbridge Capital Management, LLC | 3.32% |
| Citadel | 2.89% |
| Fidelity | 0.99% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.12% |
| BlackRock | 8.26% |
| State Street | 2.39% |
| Geode Capital | 2.38% |
Source: Nexqual, October 29, 2026 at 08:45 UTC.
From Freshworks Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- Freshservice provides a modern IT and enterprise service management platform that enables organizations to manage the full IT estate, including IT Service Management (ITSM), IT Operations Management (ITOM), and IT Infrastructure Management (ITIM).
- As a cloud-native SaaS provider, we continuously monitor and enhance our cloud-security posture through a Cloud-Native Application Protection Platform (CNAPP) that is designed to deliver unified visibility and real-time detection of risks across our multi-cloud environments.
- In the United States, we are subject to data security and privacy rules and regulations, including those promulgated under the authority of the Federal Trade Commission, the Electronic Communications Privacy Act, the Computer Fraud and Abuse Act, the California Consumer Privacy Act (CCPA) and other state and federal laws relating to privacy and data security.
- We also support community initiatives in the regions where we operate, including the Freshworks STS Software Academy, which provides free software-skills training to youth in India.
Legal & Regulatory Risks (Item 1A, quoted)
- We use generative and agentic artificial intelligence, including in certain of our products and services, which may result in operational challenges, legal liability, reputational concerns and other negative consequences that could adversely affect our business and results of operations.
- We are subject to anti-corruption, anti-bribery, and similar laws, and our failure to comply with these laws could subject us to criminal penalties or significant fines and harm our business and reputation.
- We are subject to complex and evolving export control, import, and trade sanctions laws that could impair our ability to compete internationally, result in significant penalties, and adversely affect our business and results of operations.
- Government regulation on e-commerce and foreign investment, including investment in e-commerce in India, is evolving, and unfavorable changes to, or failure by us to comply with, these evolving regulations could adversely affect our business, financial condition, and results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| RNG | Ringcentral, Inc. | USD 86.2 | ▲ 0.7% |
| CVLT | Commvault Systems, Inc. | USD 166.46 | ▼ 3.53% |
| TTAN | ServiceTitan, Inc. | USD 80.86 | ▼ 0.93% |
| DSGX | The Descartes Systems Group Inc | USD 92.36 | ▲ 0.2% |
| IDCC | InterDigital, Inc. | USD 320.56 | ▼ 2.51% |
| YMM | Full Truck Alliance Co. Ltd. | USD 8.08 | ▼ 4.04% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 08:45 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt