Freshworks (FRSH) Research & Development (2020 - 2026)

Freshworks (FRSH) reported Research & Development of $112.3 million for Q1 2026, up 180.79% on a YoY basis from $40.0 million in Q1 2025, and up 168.69% sequentially from $41.8 million in Q4 2025.

Freshworks (FRSH) Research & Development (2020 - 2026) Analysis & Trends

Freshworks (FRSH) has 7 years of Research & Development data on file, last reported at $112.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 180.79% year-over-year to $112.3 million; the trailing twelve-month figure through Mar 2026 stood at $350.4 million (up 218.65% YoY), and the FY2025 full-year result was $163.2 million, down 0.84% from the prior year.
  • Research & Development rose to $112.3 million in Q1 2026, from $41.8 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 -$135.6 million in Q4 2024.
  • A 5-year average of $51.5 million and a median of $86.8 million in 2023 frame the typical range for Research & Development.
  • Across the five-year window, Research & Development soared 376.52% in 2022 and tumbled 234.65% in 2023, its largest moves.
  • Tracing FRSH's Research & Development over 5 years: stood at $94.8 million in 2022, then plunged by 234.65% to -$127.7 million in 2023, then dropped by 6.15% to -$135.6 million in 2024, then jumped by 130.84% to $41.8 million in 2025, then surged by 168.69% to $112.3 million in 2026.
  • Business Quant data shows FRSH's Research & Development at $112.3 million in Q1 2026, $41.8 million in Q4 2025, and $101.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -1.99 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -37.02 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 496.00 Mn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 1.33 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 3.77 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 1.37 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 253.90 Mn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 588.95 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 508.44 Mn
10 Freshworks 2.77 Bn 2.22 Bn 193.95 Mn 112.32 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 112.32 Mn
Dec 31, 2025 41.80 Mn
Sep 30, 2025 101.01 Mn
Jun 30, 2025 95.22 Mn
Mar 31, 2025 40.00 Mn
Dec 31, 2024 -135.55 Mn
Sep 30, 2024 101.25 Mn
Jun 30, 2024 104.25 Mn
Mar 31, 2024 94.64 Mn
Dec 31, 2023 -127.70 Mn
Sep 30, 2023 34.89 Mn
Jun 30, 2023 34.18 Mn
Mar 31, 2023 86.81 Mn
Dec 31, 2022 94.84 Mn
Sep 30, 2022 35.87 Mn
Jun 30, 2022 90.04 Mn
Mar 31, 2022 71.47 Mn
Dec 31, 2021 -67.75 Mn
Sep 30, 2021 96.79 Mn
Jun 30, 2021 18.90 Mn