Filing Flows › Freshworks (FRSH) › Q2 2026 › vs Q1 2026
Freshworks (FRSH) Q2 2026 vs Q1 2026 (quarter over quarter)
Freshworks's revenue rose $8.7M (+4%) from $229M in Q1 2026 to $237M in Q2 2026. The biggest changes: Subscription services, software licenses and maintenance +$8.1M (+4%); Professional services +$669K (+32%). Gross margin 84.8% against 84.8% (-0.0 pts).
Freshworks, Q2 2026: revenue $237M (+16% year over year), operating margin 2.6%, net earnings $3.2M, operating cash flow $58.5M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 84.8% | 84.8% | -0.0 pts |
| Operating margin | 2.6% | -3.5% | +6.1 pts |
| Net margin | 1.4% | -2.1% | +3.5 pts |
| Free cash flow margin | 22.5% | 25.6% | -3.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Subscription services, software licenses and maintenance | $235M | $227M | $8.1M | +4% |
| Professional services | $2.8M | $2.1M | $669K | +32% |
| Revenue | $237M | $229M | $8.7M | +4% |
| Gross profit | $201M | $194M | $7.3M | +4% |
| Cost of revenue | $36.1M | $34.7M | $1.4M | +4% |
| Other income, net | $4.2M | $1.4M | $2.8M | +195% |
| Operating profit | $6.1M | −$8.1M | $14.1M | — |
| Operating expenses | $195M | $202M | −$6.8M | -3% |
| Pre-tax earnings | $10.3M | −$6.6M | $16.9M | — |
| Research & development | $43.8M | $49.3M | −$5.4M | -11% |
| Sales & marketing | $106M | $112M | −$5.9M | -5% |
| General & admin | $37.9M | $40.4M | −$2.5M | -6% |
| Net earnings | $3.2M | −$4.8M | $8.0M | — |
| Income tax | $7.0M | −$1.8M | $8.8M | — |
| Depreciation & amortization | $8.3M | $7.9M | $400K | +5% |
| Share-based compensation | $37.8M | $43.9M | −$6.1M | -14% |
| Working capital & other | $9.2M | $15.4M | −$6.2M | -40% |
| Operating cash flow | $58.5M | $62.4M | −$3.9M | -6% |
| Free cash flow (OCF − capex) | $53.5M | $58.5M | −$5.0M | -9% |
| Capital expenditures | $5.0M | $3.9M | $1.1M | +29% |
Questions
How much did Freshworks's revenue grow quarter over quarter in Q2 2026?
Freshworks's revenue rose $8.7M (+4%) from $229M in Q1 2026 to $237M in Q2 2026.
What drove Freshworks's revenue change in Q2 2026?
Subscription services, software licenses and maintenance +$8.1M (+4%); Professional services +$669K (+32%).