Filing Flows › Freshworks (FRSH) › Q2 2026 › vs Q2 2025
Freshworks (FRSH) Q2 2026 vs Q2 2025 (year over year)
Freshworks's revenue rose $32.7M (+16%) from $205M in Q2 2025 to $237M in Q2 2026. The biggest changes: Subscription services, software licenses and maintenance +$32.6M (+16%); Professional services +$93K (+3%). 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 84.8% | 84.8% | +0.0 pts |
| Operating margin | 2.6% | -4.2% | +6.8 pts |
| Net margin | 1.4% | -0.8% | +2.2 pts |
| Free cash flow margin | 22.5% | 28.4% | -5.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Subscription services, software licenses and maintenance | $235M | $202M | $32.6M | +16% |
| Professional services | $2.8M | $2.7M | $93K | +3% |
| Revenue | $237M | $205M | $32.7M | +16% |
| Gross profit | $201M | $174M | $27.7M | +16% |
| Cost of revenue | $36.1M | $31.1M | $5.0M | +16% |
| Other income, net | $4.2M | $12.5M | −$8.3M | -66% |
| Operating profit | $6.1M | −$8.7M | $14.7M | — |
| Operating expenses | $195M | $182M | $13.0M | +7% |
| Pre-tax earnings | $10.3M | $3.9M | $6.4M | +164% |
| Research & development | $43.8M | $39.9M | $3.9M | +10% |
| Sales & marketing | $106M | $95.2M | $11.2M | +12% |
| General & admin | $37.9M | $47.0M | −$9.1M | -19% |
| Net earnings | $3.2M | −$1.7M | $5.0M | — |
| Income tax | $7.0M | $5.6M | $1.4M | +25% |
| Depreciation & amortization | $8.3M | $6.3M | $2.0M | +32% |
| Share-based compensation | $37.8M | $49.3M | −$11.4M | -23% |
| Working capital & other | $9.2M | $4.8M | $4.4M | +92% |
| Operating cash flow | $58.5M | $58.6M | −$68K | -0.1% |
| Free cash flow (OCF − capex) | $53.5M | $58.2M | −$4.7M | -8% |
| Capital expenditures | $5.0M | $380K | $4.7M | 13× |
Questions
How much did Freshworks's revenue grow year over year in Q2 2026?
Freshworks's revenue rose $32.7M (+16%) from $205M in Q2 2025 to $237M in Q2 2026.
What drove Freshworks's revenue change in Q2 2026?
Subscription services, software licenses and maintenance +$32.6M (+16%); Professional services +$93K (+3%).