Freshworks (FRSH) Operating Expenses (2020 - 2026)

Freshworks' (FRSH) quarterly Operating Expenses came in at $202.0 million in Q1 2026, up 14.25% year-on-year from $176.8 million in Q1 2025, and up 33.92% quarter-over-quarter from $150.8 million in Q4 2025.

Freshworks (FRSH) Operating Expenses (2020 - 2026) Analysis & Trends

Freshworks has disclosed Operating Expenses across 7 years of filings, most recently posting $202.0 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $202.0 million, up 14.25% year-over-year; the trailing twelve-month figure through Mar 2026 was $724.7 million (down 3.52% YoY), and the FY2025 annual result was $699.5 million, down 6.2% from the prior year.
  • Operating Expenses came in at $202.0 million for Q1 2026 at Freshworks, up 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.
  • The 5-year median for Operating Expenses is $171.4 million (2024), against an average of $173.3 million.
  • Peak annual rise in Operating Expenses reached 116.55% in 2022, while the deepest fall reached 24.12% in 2022.
  • Freshworks' Operating Expenses stood at $168.6 million in 2022, then increased by 2.68% to $173.1 million in 2023, then advanced by 9.1% to $188.9 million in 2024, then declined by 20.15% to $150.8 million in 2025, then soared by 33.92% to $202.0 million in 2026.
  • The last three Operating Expenses figures came in at $202.0 million (Q1 2026), $150.8 million (Q4 2025), and $189.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -269.42 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 11.28 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 1.16 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 6.22 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 1.04 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 2.33 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 4.23 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 3.67 Bn
10 Freshworks 2.69 Bn 2.14 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