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
DateValue
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