Freshworks (FRSH) Research & Development (2020 - 2026)
Freshworks' (FRSH) quarterly Research & Development came in at $49.3 million in Q1 2026, up 23.15% year-on-year from $40.0 million in Q1 2025, and up 17.84% quarter-over-quarter from $41.8 million in Q4 2025.
Freshworks (FRSH) Research & Development (2020 - 2026) Analysis & Trends
Freshworks has disclosed Research & Development across 7 years of filings, most recently posting $49.3 million for Q1 2026.
- Research & Development for Q1 2026 came in at $49.3 million, up 23.15% year-over-year; the trailing twelve-month figure through Mar 2026 was $172.5 million (up 1.51% YoY), and the FY2025 annual result was $163.2 million, down 0.84% from the prior year.
- Research & Development came in at $49.3 million for Q1 2026 at Freshworks, up from $41.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $49.3 million in Q1 2026 to a low of $30.7 million in Q1 2022.
- The 5-year median for Research & Development is $35.9 million (2022), against an average of $38.3 million.
- Peak annual rise in Research & Development reached 99.53% in 2022, while the deepest fall reached 37.16% in 2022.
- Freshworks' Research & Development stood at $34.7 million in 2022, then rose by 3.39% to $35.8 million in 2023, then increased by 14.49% to $41.0 million in 2024, then climbed by 1.89% to $41.8 million in 2025, then grew by 17.84% to $49.3 million in 2026.
- The last three Research & Development figures came in at $49.3 million (Q1 2026), $41.8 million (Q4 2025), and $41.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -37.02 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 437.00 Mn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 1.63 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 508.44 Mn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 823.00 Mn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 1.20 Bn |
| 10 | Freshworks | 2.69 Bn | 2.14 Bn | 193.95 Mn | 49.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 18.90 Mn |