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

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

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

Freshworks has reported Research & Development for 7 years, with the latest figure at $112.3 million in Q1 2026.

  • Quarterly Research & Development rose 180.79% year-over-year to $112.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $350.4 million (up 218.65% YoY) and the FY2025 annual result came in at $163.2 million, down 0.84% from the prior year.
  • Research & Development rose to $112.3 million in Q1 2026 per FRSH's latest filing, from $41.8 million in the prior quarter.
  • Over five years, Research & Development peaked at $112.3 million in Q1 2026 and troughed at -$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.
  • The sharpest annual moves came in 2022 and 2023: Research & Development surged 376.52% in 2022, then sank 234.65% in 2023.
  • Over 5 years, Research & Development stood at $94.8 million in 2022, then tumbled by 234.65% to -$127.7 million in 2023, then retreated 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.
  • According to Business Quant data, Research & Development over the past three periods registered $112.3 million, $41.8 million, and $101.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Sap Se 255.48 Bn 234.41 Bn 16.51 Bn -4.12 Bn
2 Shopify 198.95 Bn 194.00 Bn 1.71 Bn 498.00 Mn
3 Salesforce 160.70 Bn 148.86 Bn 8.56 Bn 3.77 Bn
4 Uber Technologies 154.94 Bn 149.73 Bn 6.38 Bn 1.52 Bn
5 ServiceNow 128.25 Bn 123.58 Bn 2.82 Bn 1.37 Bn
6 Snowflake 114.00 Bn 111.05 Bn 926.45 Mn 588.95 Mn
7 Automatic Data Processing 108.58 Bn 104.35 Bn 2.51 Bn 265.90 Mn
8 Adobe 105.34 Bn 99.72 Bn 5.90 Bn 1.88 Bn
9 Intuit 94.55 Bn 87.77 Bn 7.24 Bn 1.79 Bn
10 Freshworks 3.33 Bn 2.66 Bn 201.28 Mn 106.45 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 106.45 Mn
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