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| 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 |