Freshworks Inc. (FRSH) intrinsic value & 10-year financials
Freshworks Inc. (FRSH) has a Graham intrinsic value of $20.93 per share. At $13.74 on Oct 17, 2026, the stock trades 34% below that value. Over the last 8 fiscal years revenue grew 30.2% a year to $838.8M, with an average return on invested capital of -5.9%.
- Graham intrinsic value
- $20.93
- Share price (Oct 17, 2026)
- $13.74
- Price vs Graham value
- 34% below
- Market cap
- $4.0B
- Revenue (FY2025)
- $838.8M
- Revenue growth (8-yr CAGR)
- 30.2%
- ROIC (10-yr avg)
- -5.9%
- Free cash flow (FY2025)
- $236.7M
FRSH 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $838.8M | $183.7M | $0.63 | $236.7M | 1.6% | 2.5% |
| FY2024 | $720.4M | -$95.4M | -$0.32 | $151.5M | -19.2% | -23.9% |
| FY2023 | $596.4M | -$137.4M | -$0.47 | $84.1M | -28.5% | -24.5% |
| FY2022 | $498.0M | -$232.1M | -$0.82 | -$9.7M | -46.9% | -30.1% |
| FY2021 | $371.0M | -$192.0M | -$21.73 | $5.9M | -55.2% | 28.1% |
| FY2020 | $249.7M | -$57.3M | -$21.03 | $28.1M | -22.5% | 2.9% |
| FY2019 | $172.4M | -$31.1M | -$8.21 | -$19.7M | -17.2% | 3.6% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Freshworks Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Freshworks Inc. has historically struggled to out-earn its cost of capital, averaging just -5.9% ROIC.
Freshworks Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Freshworks Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $20.93 per share.