Freshworks (FRSH) Cost of Revenue (2020 - 2026)

Freshworks' (FRSH) quarterly Cost of Revenue came in at $112.3 million in Q1 2026, up 25.98% year-on-year from $89.2 million in Q1 2025, and up 170.53% quarter-over-quarter from -$159.2 million in Q4 2025.

Freshworks (FRSH) Cost of Revenue (2020 - 2026) Analysis & Trends

Freshworks has disclosed Cost of Revenue across 7 years of filings, most recently posting $112.3 million for Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $112.3 million, up 25.98% year-over-year; the trailing twelve-month figure through Mar 2026 was $81.2 million (down 67.24% YoY), and the FY2025 annual result was $126.1 million, up 11.31% from the prior year.
  • Cost of Revenue came in at $112.3 million for Q1 2026 at Freshworks, up from -$159.2 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $272.6 million in Q4 2022 to a low of -$159.2 million in Q4 2025.
  • The 5-year median for Cost of Revenue is $33.0 million (2025), against an average of $57.5 million.
  • Across the five-year window, Cost of Revenue surged 347.53% in 2022 and tumbled 640.56% in 2025, its largest moves.
  • Freshworks' Cost of Revenue stood at $272.6 million in 2022, then sank by 66.13% to $92.3 million in 2023, then sank by 68.09% to $29.5 million in 2024, then tumbled by 640.56% to -$159.2 million in 2025, then soared by 170.53% to $112.3 million in 2026.
  • The last three Cost of Revenue figures came in at $112.3 million (Q1 2026), -$159.2 million (Q4 2025), and $33.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 3.02 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - 55.33 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 1.33 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 1.62 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 3.77 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 211.49 Mn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 940.00 Mn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 3.07 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 715.00 Mn
10 Freshworks 2.69 Bn 2.14 Bn 193.95 Mn 112.32 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 112.32 Mn
Mar 31, 2026 112.32 Mn
Dec 31, 2025 -159.25 Mn
Dec 31, 2025 -159.25 Mn
Sep 30, 2025 32.96 Mn
Sep 30, 2025 32.96 Mn
Jun 30, 2025 95.22 Mn
Jun 30, 2025 95.22 Mn
Mar 31, 2025 89.16 Mn
Mar 31, 2025 89.16 Mn
Dec 31, 2024 29.46 Mn
Dec 31, 2024 29.46 Mn
Sep 30, 2024 101.25 Mn
Sep 30, 2024 101.25 Mn
Jun 30, 2024 28.18 Mn
Jun 30, 2024 28.18 Mn
Mar 31, 2024 25.89 Mn
Mar 31, 2024 25.89 Mn
Dec 31, 2023 92.32 Mn
Dec 31, 2023 92.32 Mn