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| Date | Value |
|---|---|
| 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 |