For the year ending 2025-12-31, FRSH had $11,845K increase in cash & cash equivalents over the period. $236,670K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | 183,723 | -95,368 | -137,436 | -232,132 |
| Depreciation and amortization | 25,857 | 19,415 | 12,144 | 11,504 |
| Amortization of deferred contract acquisition costs | 31,702 | 28,556 | 23,965 | 18,532 |
| Non-cash lease expense | 9,700 | 8,842 | 7,736 | 6,195 |
| Stock-based compensation | 146,819 | 216,706 | 210,707 | 207,696 |
| Discount amortization on marketable securities | 6,557 | 15,992 | 15,652 | 1,627 |
| Gain on sale of non-marketable equity investments | 1,837 | - | 0 | 0 |
| Change in fair value of equity securities | - | - | 90 | 71 |
| Release of valuation allowance | 151,738 | - | - | - |
| Deferred income taxes | 2,637 | -12,642 | -1,322 | -2,405 |
| Other | -779 | -1,397 | -209 | -887 |
| Accounts receivable | 28,059 | 17,145 | 26,982 | 18,892 |
| Deferred contract acquisition costs | 40,071 | 34,524 | 26,962 | 28,560 |
| Prepaid expenses and other assets | 11,868 | 1,393 | 7,411 | 8,141 |
| Accounts payable | 9,573 | -2,204 | -2,423 | 77 |
| Accrued and other liabilities | 19,078 | 14,454 | 1,839 | 7,746 |
| Deferred revenue | 61,179 | 54,808 | 60,773 | 45,453 |
| Operating lease liabilities | -8,547 | -4,264 | -12,917 | -8,787 |
| Net cash provided by operating activities | 242,370 | 160,646 | 86,178 | -2,525 |
| Purchases of property and equipment | 5,700 | 9,177 | 2,069 | 7,129 |
| Proceeds from sale of property and equipment | 149 | 279 | 110 | 137 |
| Capitalized internal-use software | 15,791 | 5,485 | 6,271 | 5,116 |
| Purchases of marketable securities | 586,833 | 620,573 | 842,803 | 848,560 |
| Sales of marketable securities | - | 0 | 0 | 92,786 |
| Sale of non-marketable equity investments | 1,984 | - | 0 | 0 |
| Maturities and redemptions of marketable securities | 830,756 | 887,664 | 1,009,532 | 483,055 |
| Acquired intangible assets | - | - | - | 0 |
| Advances paid for business combination (note 16) | 18,432 | - | - | - |
| Business combination, net of cash acquired | 0 | 213,905 | - | 0 |
| Net cash provided by investing activities | 206,133 | 38,803 | 158,499 | -284,827 |
| Proceeds from initial public offering, net of underwriting discounts | - | - | 0 | 0 |
| Proceeds from issuance of common stock under employee stock purchase plan, net | 6,228 | 6,643 | 7,271 | 10,870 |
| Proceeds from exercise of stock options | 74 | 89 | 88 | 109 |
| Payment of withholding taxes on net share settlement of equity awards | 56,654 | 60,299 | 67,978 | 167,224 |
| Payment of deferred offering costs | - | 0 | 0 | 109 |
| Payment of acquisition-related liabilities | - | - | 0 | 0 |
| Repurchase of common stock | 386,306 | 13,693 | - | - |
| Net cash used in financing activities | -436,658 | -67,260 | -60,619 | -156,354 |
| Net increase in cash, cash equivalents and restricted cash | 11,845 | 132,189 | 184,058 | -443,706 |
| Cash, cash equivalents and restricted cash, beginning of period | 620,405 | 488,216 | 304,158 | 747,864 |
| Cash, cash equivalents and restricted cash, end of period | 632,250 | 620,405 | 488,216 | 304,158 |
Freshworks Inc. (FRSH)
Freshworks Inc. (FRSH)