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Freshworks vs Appian: FRSH and APPN compared
Freshworks is the larger company: $245M of revenue in its latest quarter (Q3 2026) against $235M for Appian (Q3 2026). Appian is growing faster (+26% against +14% a year earlier). Freshworks is more profitable, with an operating margin of 11.5% against 9.1%.
Where the money goes: FRSH and APPN
Freshworks (FRSH) · Q3 2026
Freshworks, Q3 2026: revenue $245M (+14% year over year), operating margin 11.5%, net earnings $18.3M, operating cash flow $77.7M. The chart follows the revenue to costs, profit and cash.
Appian (APPN) · Q3 2026
Appian, Q3 2026: revenue $235M (+26% year over year), operating margin 9.1%, net earnings $12.3M, operating cash flow −$15.4M. The chart follows the revenue to costs, profit and cash.
| Freshworks (FRSH) | Appian (APPN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $245M | $235M |
| Revenue growth, Y/Y | +14% | +26% |
| Gross margin | 85.3% | 72.9% |
| Operating margin | 11.5% | 9.1% |
| Net earnings | $18.3M | $12.3M |
| Net margin | 7.5% | 5.3% |
| Operating cash flow | $77.7M | −$15.4M |
| Free cash flow | $73.9M | — |
Where the revenue comes from
Freshworks
- Subscription services, software licenses and maintenance: $243M (99%)
- Professional services: $2.7M (1%)
Appian
- Subscriptions: $188M (80%)
- Professional services: $46.9M (20%)
Questions
Which is bigger, Freshworks or Appian?
Freshworks is the larger company: $245M of revenue in its latest quarter (Q3 2026) against $235M for Appian (Q3 2026).
Is Freshworks or Appian growing faster?
Appian is growing faster (+26% against +14% a year earlier).
Which is more profitable, Freshworks or Appian?
Freshworks is more profitable, with an operating margin of 11.5% against 9.1%.
More: Freshworks earnings · how Freshworks makes money · Appian earnings · how Appian makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.