FRSH
Freshworks Inc.

Freshworks Inc.FRSH

Technology · Software - Application
12.81USD
-0.47%
Sep 25, 2026
FRSH overview ready
Freshworks is a direct application-software vendor for customer support and employee/IT service workflows, embedding Freddy AI agents, copilots and insights into its Freshdesk and Freshservice product families.
Narrative is still early
Exposed to the Enterprise AI Workflow Automation narrative through AI Service-Desk and Customer-Support Automation — pure play.
Constructive pullback in an uptrend
Longer-term context reads early recovery, with a near-term setup of constructive pullback.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Intense competition in SaaS customer and employee experience markets.
Market Sep 24Filing Jun 30Price action Sep 24Research Sep 20

Conviction Level

NarrativeHeat7.9ThemeHeat7.3PriceAction9.4Valuation9.3CompanyPosition9.3
Price
Loading price history…

Price Action

Constructive pullback in an uptrend
Longer-term context reads early recovery, with a near-term setup of constructive pullback.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$2.9B
Avg Volume (60D)
6.1M
60 sessions
Revenue Growth YoY
+16.4%
FY2025 vs FY2024
Gross Margin
+85.0%
Trailing twelve months
Operating Margin
+3.3%
Trailing twelve months
Free Cash Flow Yield
+6.6%
Distance from 200DMA
+25.5%
Next Earnings
2026-11-03
P/E
19.2x
EV / EBITDA
42.9x
EV / Sales
2.7x
Market metrics as of Sep 24, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

The available comparisons disagreed; the intrinsic comparison is the more reliable method for this business and the others are published as dissent.
Freshworks Inc. has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

What changed

  • Freshworks Announces Inducement Grant under Listing Rule 5635(C)(4) of the Nasdaq Stock Market
    Dated 2026-09-03.
    2026-09-03 · source

Company Research

Thesis
Freshworks is a direct application-software vendor for customer support and employee/IT service workflows, embedding Freddy AI agents, copilots and insights into its Freshdesk and Freshservice product families.
Opportunity
Moderate opportunity
Enterprise spending on AI agents, copilots and workflow automation that resolve service requests, assist human agents and automate IT and business-service operations.
Key risk
Intense competition in SaaS customer and employee experience markets.

Narrative & Theme

Enterprise AI Workflow Automation
Part of AI Service-Desk and Customer-Support Automation, with moderate fit.
Freshworks has a genuine direct exposure to the adoption of AI-enabled customer-service and employee-service automation, rather than merely generic enterprise-software adjacency.
Narrative HeatHeating up7.9 / 10
Theme HeatHeating up7.3 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Software - Application
What they do

Freshworks Inc. develops and provides software-as-a-service products focused on customer and employee experience, operating globally across multiple regions.

How it earns

The company generates revenue primarily through subscription-based SaaS offerings.

Products & services
Freshdesk Omni
Freshdesk
Freshchat
Customers & end markets
Businesses requiring customer service solutions
Enterprises seeking employee experience software
Market position

Challenger in the SaaS customer and employee experience software market.

Demand drivers
Low cyclicality

Demand for customer and employee experience software tends to be stable across economic cycles.

Peers

Companies validated as economically comparable to FRSH — similar business, revenue model and scale.
PRICE ACTIONVALUATIONTHEME
HubSpot, Inc.Damaged Structure — Distribution PressureCheap6.0Medium6.8Neutral6.0NeutralLocked$221.56−1.98%
ServiceNow, Inc.Early Recovery — Constructive PullbackExpensive6.0Medium7.8Heating up7.4Heating upLocked$137.78−2.13%
Salesforce, Inc.Early Trend — Constructive PullbackFair6.0Medium7.8Heating up7.2Heating upLocked$238.22+0.27%
monday.com Ltd.Early Recovery — Failed ReclaimCheap6.0Medium7.8Heating up7.3Heating upLocked$86.00−0.53%
Asana, Inc.Early Recovery — Constructive PullbackFair6.0Medium7.8Heating up7.2Heating upLocked$9.16−3.27%