Freshworks (FRSH) Research & Development (2020 - 2026)
Freshworks' (FRSH) quarterly Research & Development came in at $106.4 million in Q2 2026, up 11.79% year-over-year from $95.2 million in Q2 2025, and down 5.22% quarter-over-quarter from $112.3 million in Q1 2026.
Analysis
Freshworks (FRSH) Research & Development (2020 - 2026) Analysis & Trends
Freshworks has disclosed Research & Development across 7 years of filings, most recently posting $106.4 million for Q2 2026.
- In Q2 2026, Research & Development rose 11.79% year-over-year to $106.4 million; the TTM figure through Jun 2026 stood at $429.1 million (up 14.04% YoY), while the FY2025 annual figure was $394.8 million, up 1.01% from the prior year.
- Research & Development came in at $106.4 million for Q2 2026 at Freshworks, down from $112.3 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $112.3 million in Q1 2026 to a low of $71.5 million in Q1 2022.
- Average Research & Development over 5 years is $94.7 million, with a median of $93.5 million recorded in 2023.
- The largest YoY upside for Research & Development was 84.27% in 2022 against a maximum downside of 10.25% in 2022.
- Over 5 years, Research & Development stood at $94.8 million in 2022, then retreated by 2.65% to $92.3 million in 2023, then fell by 1.79% to $90.7 million in 2024, then increased by 20.61% to $109.4 million in 2025, then declined by 2.66% to $106.4 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $106.4 million in Q2 2026, $112.3 million in Q1 2026, and $109.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Salesforce | 213.40 Bn | 201.99 Bn | 8.70 Bn | 3.86 Bn |
| 2 | Hubspot | 12.30 Bn | 10.96 Bn | 750.86 Mn | 397.71 Mn |
| 3 | Freshworks | 3.35 Bn | 2.68 Bn | 201.28 Mn | 106.45 Mn |
| 4 | Intapp | 3.19 Bn | 3.03 Bn | 118.37 Mn | 51.36 Mn |
| 5 | Blackbaud | 2.14 Bn | 1.30 Bn | 178.16 Mn | 46.26 Mn |
| 6 | Sprinklr | 1.40 Bn | 1.17 Bn | 139.19 Mn | 70.93 Mn |
| 7 | ZoomInfo Technologies | 1.21 Bn | 1.05 Bn | 256.80 Mn | 107.70 Mn |
| 8 | Thryv Holdings | 92.39 Mn | 83.25 Mn | 94.56 Mn | 47.04 Mn |
| 9 | Helport AI | 24.20 Mn | 23.92 Mn | - | - |
| 10 | Youxin Technology | 3.56 Mn | -263,824.72 | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 106.45 Mn |
| Mar 31, 2026 | 112.32 Mn |
| Dec 31, 2025 | 109.36 Mn |
| Sep 30, 2025 | 101.01 Mn |
| Jun 30, 2025 | 95.22 Mn |
| Mar 31, 2025 | 89.16 Mn |
| Dec 31, 2024 | 90.67 Mn |
| Sep 30, 2024 | 101.25 Mn |
| Jun 30, 2024 | 104.25 Mn |
| Mar 31, 2024 | 94.64 Mn |
| Dec 31, 2023 | 92.32 Mn |
| Sep 30, 2023 | 90.67 Mn |
| Jun 30, 2023 | 87.98 Mn |
| Mar 31, 2023 | 86.81 Mn |
| Dec 31, 2022 | 94.84 Mn |
| Sep 30, 2022 | 86.87 Mn |
| Jun 30, 2022 | 90.04 Mn |
| Mar 31, 2022 | 71.47 Mn |
| Dec 31, 2021 | 72.19 Mn |
| Sep 30, 2021 | 96.79 Mn |