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
DateValue
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