Freshworks (FRSH) Research & Development (2020 - 2026)
Freshworks (FRSH) recorded Research & Development of $44.72 million in Q3 2026, up 7.8% from $41.46 million a year earlier and up 2.1% from the prior quarter.
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Analysis
Freshworks (FRSH) Research & Development (2020 - 2026) Analysis & Trends
On a TTM basis, Freshworks' Research & Development came in at $179.59 million as of Sep 30, 2026, up 10.6% year-over-year; for FY2025, it was $163.21 million, down 0.8% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 18.7% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $164.59 million in FY2024 (+19.5%), $137.76 million in FY2023 (+1.6%), $135.54 million in FY2022 (+12.6%) and $120.41 million in FY2021 (+74.0%).
- Quarterly Research & Development has ranged from $29.03 million in Q4 2021 to $49.26 million in Q1 2026 over the past five years.
- On a year-over-year basis, Research & Development has increased for four consecutive quarters, with growth averaging 7.1% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 99.5% in Q1 2022, against a decline of 37.2% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $43.82 million (Q2 2026), $49.26 million (Q1 2026) and $41.8 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 386.60 Bn | 351.42 Bn | 1.93 Bn | 219.72 Mn |
| 2 | Oracle | 343.94 Bn | 216.07 Bn | - | 2.40 Bn |
| 3 | Sap Se | 272.35 Bn | 199.75 Bn | 8.64 Bn | 2.15 Bn |
| 4 | Salesforce | 175.46 Bn | 131.33 Bn | 8.70 Bn | 1.69 Bn |
| 5 | Automatic Data Processing | 122.07 Bn | 108.86 Bn | 2.53 Bn | 251.30 Mn |
| 6 | ServiceNow | 105.47 Bn | 84.73 Bn | 2.90 Bn | 956.00 Mn |
| 7 | Intuit | 94.25 Bn | 73.60 Bn | 3.44 Bn | 857.00 Mn |
| 8 | Relx | 73.66 Bn | 72.75 Bn | - | - |
| 9 | Strategy | 51.78 Bn | 38.91 Bn | 89.63 Mn | 24.06 Mn |
| 10 | Freshworks | 3.18 Bn | 255.15 Mn | 209.44 Mn | 44.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 44.72 Mn |
| Jun 30, 2026 | 43.82 Mn |
| Mar 31, 2026 | 49.26 Mn |
| Dec 31, 2025 | 41.80 Mn |
| Sep 30, 2025 | 41.46 Mn |
| Jun 30, 2025 | 39.94 Mn |
| Mar 31, 2025 | 40.00 Mn |
| Dec 31, 2024 | 41.03 Mn |
| Sep 30, 2024 | 47.89 Mn |
| Jun 30, 2024 | 40.99 Mn |
| Mar 31, 2024 | 34.68 Mn |
| Dec 31, 2023 | 35.83 Mn |
| Sep 30, 2023 | 34.89 Mn |
| Jun 30, 2023 | 34.18 Mn |
| Mar 31, 2023 | 32.86 Mn |
| Dec 31, 2022 | 34.66 Mn |
| Sep 30, 2022 | 35.87 Mn |
| Jun 30, 2022 | 34.30 Mn |
| Mar 31, 2022 | 30.72 Mn |
| Dec 31, 2021 | 29.03 Mn |
API Access
Freshworks Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=FRSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "FRSH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=FRSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();