Freshworks (FRSH) Operating Expenses (2020 - 2026)
Freshworks (FRSH) reported Operating Expenses of $202.0 million for Q1 2026, up 14.25% on a YoY basis from $176.8 million in Q1 2025, and up 33.92% sequentially from $150.8 million in Q4 2025.
Freshworks (FRSH) Operating Expenses (2020 - 2026) Analysis & Trends
Freshworks (FRSH) has 7 years of Operating Expenses data on file, last reported at $202.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 14.25% year-over-year to $202.0 million; the trailing twelve-month figure through Mar 2026 stood at $724.7 million (down 3.52% YoY), and the FY2025 full-year result was $699.5 million, down 6.2% from the prior year.
- Operating Expenses improved to $202.0 million in Q1 2026, from $150.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $202.0 million in Q1 2026 to a low of $139.4 million in Q1 2022.
- A 5-year average of $173.3 million and a median of $171.4 million in 2024 frame the typical range for Operating Expenses.
- Peak annual rise in Operating Expenses reached 116.55% in 2022, while the deepest fall reached 24.12% in 2022.
- Tracing FRSH's Operating Expenses over 5 years: stood at $168.6 million in 2022, then grew by 2.68% to $173.1 million in 2023, then gained by 9.1% to $188.9 million in 2024, then dropped by 20.15% to $150.8 million in 2025, then surged by 33.92% to $202.0 million in 2026.
- Business Quant data shows FRSH's Operating Expenses at $202.0 million in Q1 2026, $150.8 million in Q4 2025, and $189.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Freshworks | 2.77 Bn | 2.22 Bn | 193.95 Mn | 202.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 202.01 Mn |
| Dec 31, 2025 | 150.84 Mn |
| Sep 30, 2025 | 189.62 Mn |
| Jun 30, 2025 | 182.19 Mn |
| Mar 31, 2025 | 176.81 Mn |
| Dec 31, 2024 | 188.90 Mn |
| Sep 30, 2024 | 195.63 Mn |
| Jun 30, 2024 | 189.74 Mn |
| Mar 31, 2024 | 171.42 Mn |
| Dec 31, 2023 | 173.14 Mn |
| Sep 30, 2023 | 166.02 Mn |
| Jun 30, 2023 | 163.51 Mn |
| Mar 31, 2023 | 160.56 Mn |
| Dec 31, 2022 | 168.62 Mn |
| Sep 30, 2022 | 162.87 Mn |
| Jun 30, 2022 | 164.74 Mn |
| Mar 31, 2022 | 139.37 Mn |
| Dec 31, 2021 | 141.46 Mn |
| Sep 30, 2021 | 214.63 Mn |
| Jun 30, 2021 | 76.08 Mn |