Freshworks (FRSH) Research & Development (2020 - 2026)
Freshworks (FRSH) recorded Research & Development of $43.82 million in Q2 2026, up 9.7% from $39.94 million a year earlier but down 11.1% 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 $176.34 million as of Jun 30, 2026, up 4.4% 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 $57.09 million in Q3 2021 over the past five years.
- On a year-over-year basis, Research & Development has increased for three consecutive quarters, with growth averaging 10.7% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 330.9% in Q3 2021, against a decline of 37.2% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $49.26 million (Q1 2026), $41.8 million (Q4 2025) and $41.46 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 192.51 Mn |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 2.40 Bn |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | -2.14 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 1.69 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 915.00 Mn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 265.90 Mn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 857.00 Mn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 23.10 Mn |
| 10 | Freshworks | 3.29 Bn | 255.06 Mn | 201.28 Mn | 43.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 57.09 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();