Freshworks Inc. (FRSH) Financial Statements (2024 and earlier)

Company Profile

Business Address 2950 S. DELAWARE ST.
SAN MATEO, CA 94403
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,147,4881,323,540
Cash and cash equivalents304,083747,861
Short-term investments843,405575,679
Restricted cash and investments 3 
Receivables70,47051,756
Capitalized contract cost20,13914,640
Debt securities, available-for-sale, accrued interest, after allowance for credit loss2,800 
Other undisclosed current assets36,11031,440
Total current assets:1,277,0101,421,376
Noncurrent Assets
Operating lease, right-of-use asset33,024 
Property, plant and equipment24,13921,478
Intangible assets, net (including goodwill)6,4848,075
Goodwill6,1816,181
Intangible assets, net (excluding goodwill) 3031,894
Capitalized contract cost, net19,53615,007
Deferred income tax assets8,6896,284
Other noncurrent assets11,33410,592
Total noncurrent assets:103,20661,436
TOTAL ASSETS:1,380,2161,482,812
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities64,91663,173
Taxes payable1,023
Accounts payable5,9086,321
Accrued liabilities59,00855,829
Deferred revenue205,626160,173
Other undisclosed current liabilities1,150 
Total current liabilities:271,692223,346
Noncurrent Liabilities
Liabilities, other than long-term debt56,70621,427
Other liabilities28,53221,427
Operating lease, liability28,174 
Total noncurrent liabilities:56,70621,427
Total liabilities:328,398244,773
Equity
Equity, attributable to parent, including:1,051,8181,238,039
Additional paid in capital4,562,3194,509,724
Accumulated other comprehensive loss(7,431)(747)
Accumulated deficit(3,503,073)(3,270,941)
Other undisclosed equity, attributable to parent33
Total equity:1,051,8181,238,039
TOTAL LIABILITIES AND EQUITY:1,380,2161,482,812

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
Revenues497,999371,022
Cost of revenue(95,772)(78,030)
Gross profit:402,227292,992
Operating expenses(635,599)(497,774)
Operating loss:(233,372)(204,782)
Nonoperating income12,58223,303
Loss from continuing operations before income taxes:(220,790)(181,479)
Income tax expense(11,342)(10,516)
Loss from continuing operations:(232,132)(191,995)
Loss before gain (loss) on sale of properties:(191,995)
Net loss attributable to parent:(232,132)(191,995)
Preferred stock dividends and other adjustments  (2,646,662)
Net loss available to common stockholders, diluted:(232,132)(2,838,657)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
Net loss:(232,132)(191,995)
Other comprehensive income  
Comprehensive loss:(232,132)(191,995)
Other undisclosed comprehensive loss, net of tax, attributable to parent (6,684)(1,158)
Comprehensive loss, net of tax, attributable to parent:(238,816)(193,153)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: