NASDAQ$FRSH
Freshworks Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Freshworks delivered a strong finish to the year, outperforming financial estimates and improving business efficiency.
Freshworks Inc. reported a 20% year-over-year increase in revenue for both the fourth quarter and full year 2023. The company's Q4 revenue reached $160.1 million, and it generated $28.6 million in free cash flow during the quarter and $77.8 million for the full year.
- Q4 revenue grew 20% year-over-year, reaching $160.1 million.
- GAAP loss from operations improved to $(40.0) million, compared to $(60.6) million in Q4 2022.
- Non-GAAP income from operations was $11.5 million, compared to a non-GAAP loss of $(2.8) million in Q4 2022.
- Free cash flow for the quarter was $28.6 million, compared to $4.0 million in Q4 2022.
Headline financials
Revenue & EPS history
Freshworks · Revenue · Quarterly
$160M
Forward guidance
Freshworks provides estimates for Q1 and full year 2024, based on current market conditions. Revenue growth rates are adjusted for constant currency.
Tailwinds
- Q1 2024 Revenue: $162.5 - $164.5 million
- Q1 2024 Year-over-year growth: 18% - 19%
- Q1 2024 Non-GAAP income from operations: $12.5 - $14.5 million
- Q1 2024 Non-GAAP net income per share: $0.07 - $0.08
- Full Year 2024 Non-GAAP net income per share: $0.29 - $0.31
Headwinds
- Estimates are subject to various important cautionary factors.
- The company has not reconciled estimates for non-GAAP financial measures to GAAP due to the uncertainty and potential variability of expenses.
- A reconciliation is not available without unreasonable effort.
- The forward-looking statements are based on current expectations, estimates and projections.
- Actual results may differ materially from those expressed in the forward-looking statements.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2023
-1.6%
Avg return
Earnings day
-2.6%
Avg return
5 days after
-4.6%
Avg return
30 days after
35%
8 / 23 earnings
Positive
+35.2%
Q3 2024
Best reaction
-21.6%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -0.5% | -6.4% | +2.9% | |
| Q4 2025 | -16.4% | -17.1% | -6.9% | |
| Q3 2025 | -2.1% | +5.2% | +16.1% | |
| Q1 2025 | +3.0% | +1.1% | +6.5% | |
| Q4 2024 | -0.3% | -4.5% | -16.7% | |
| Q3 2024 | +35.2% | +32.7% | +33.5% | |
| Q2 2024 | -6.1% | -12.3% | -11.9% | |
| Q1 2024 | -17.8% | -20.8% | -27.8% | |
| Q4 2023 | -2.4% | +0.2% | -14.4% | |
| Q3 2023 | -0.4% | +7.8% | +13.6% | |
| Q2 2023 | +15.8% | +12.1% | +17.2% | |
| Q1 2023 | -2.9% | -1.1% | +16.6% | |
| Q4 2022 | +4.1% | -2.8% | -10.1% | |
| Q3 2022 | -9.9% | -9.3% | +11.8% | |
| Q2 2021 | +3.2% | +6.8% | -13.6% | |
| Q2 2022 | +12.2% | +13.7% | -0.7% | |
| Q1 2021 | -12.0% | -15.6% | -3.9% | |
| Q1 2022 | -7.1% | -12.9% | -10.3% | |
| Q4 2019 | -5.2% | -1.5% | +8.1% | |
| Q4 2021 | -21.6% | -5.7% | -26.7% | |
| Q3 2020 | +2.9% | -4.1% | -28.1% | |
| Q4 2020 | +2.9% | -4.1% | -28.1% | |
| Q3 2021 | -10.7% | -20.6% | -33.0% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
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| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
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| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
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| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — |
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