Freshworks (FRSH) Cost of Revenue (2020 - 2026)
Freshworks recorded quarterly Cost of Revenue of $112.3 million in Q1 2026, up 170.53% quarter-over-quarter from -$159.2 million in Q4 2025, and up 25.98% year-over-year from $89.2 million in Q1 2025.
Freshworks' Cost of Revenue history runs 7 years deep, the most recent figure standing at $112.3 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 25.98% year-over-year to $112.3 million; the TTM figure through Mar 2026 stood at $81.2 million (down 67.24% YoY), while the FY2025 annual figure 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.
- A 5-year average of $57.5 million and a median of $33.0 million in 2025 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue soared 347.53% in 2022 and slumped 640.56% in 2025, its largest moves.
- Freshworks' Cost of Revenue stood at $272.6 million in 2022, then plunged by 66.13% to $92.3 million in 2023, then plunged by 68.09% to $29.5 million in 2024, then slumped by 640.56% to -$159.2 million in 2025, then jumped by 170.53% to $112.3 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $112.3 million, -$159.2 million, and $33.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 3.02 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 4.02 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 1.33 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 1.62 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 940.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 211.49 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 1.71 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 3.07 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 1.79 Bn |
| 10 | Freshworks | 2.57 Bn | 2.02 Bn | 193.95 Mn | 112.32 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2023 | 26.26 Mn |
| Sep 30, 2023 | 26.26 Mn |
| Jun 30, 2023 | 24.86 Mn |
| Jun 30, 2023 | 24.86 Mn |
| Mar 31, 2023 | 86.81 Mn |
| Mar 31, 2023 | 86.81 Mn |
| Dec 31, 2022 | 272.59 Mn |
| Dec 31, 2022 | 272.59 Mn |
| Sep 30, 2022 | 24.18 Mn |
| Sep 30, 2022 | 24.18 Mn |
| Jun 30, 2022 | 24.04 Mn |
| Jun 30, 2022 | 24.04 Mn |
| Mar 31, 2022 | 71.47 Mn |
| Mar 31, 2022 | 71.47 Mn |
| Dec 31, 2021 | -110.13 Mn |
| Dec 31, 2021 | -110.13 Mn |
| Sep 30, 2021 | 22.24 Mn |
| Sep 30, 2021 | 22.24 Mn |
| Jun 30, 2021 | 48.86 Mn |
| Jun 30, 2021 | 48.86 Mn |
| Mar 31, 2021 | 42.51 Mn |
| Mar 31, 2021 | 42.51 Mn |
| Dec 31, 2020 | 15.47 Mn |
| Dec 31, 2020 | 15.47 Mn |
| Sep 30, 2020 | 13.16 Mn |
| Sep 30, 2020 | 13.16 Mn |