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Freshworks posts $215 Mn revenue in Q3 CY25; narrows losses

EntrackrEntrackr · 2m ago
Freshworks posts $215 Mn revenue in Q3 CY25; narrows losses
Medial

Freshworks posts $215 Mn revenue in Q3 CY25; narrows losses SaaS company Freshworks delivered a strong third quarter for 2025. The Chennai-born, San Mateo-headquartered firm reported $215 million in revenue, a 15% increase year-over-year from $186.6 million in Q3 2024. On a quarter-on-quarter basis, its revenue has increased modestly by 5%, compared to $204.7 million in Q2 CY25, as shown in its regulatory filing accessed from NASDAQ. According to the filings, its GAAP loss from operations nosedived by 80.7% to $7.5 million, compared with $38.9 million a year earlier. On a non-GAAP basis, income from operations surged to $45.2 million, implying a 21% margin, versus 12.8% in the year-ago quarter. As per the company, the number of customers contributing more than $5,000 in annual recurring revenue (ARR) grew 9% YoY to 24,377. The company’s net dollar retention rate came in at 105%. For the fourth quarter, Freshworks expects revenue between $217 million and $220 million, representing 12–13% YoY growth. The firm also raised its full-year FY25 guidance to $833–836 million, implying 16% annual growth. “Once again, Freshworks exceeded our estimates across growth and profitability metrics,” CEO Dennis Woodside said, adding that demand for AI-powered software continues to drive platform adoption across enterprises. The company’s cash, cash equivalents, and marketable securities stood at $813.2 million as of September 30, 2025. With sustained margin expansion, good cash flows, and renewed FY25 optimism, Freshworks appears to be balancing growth and profitability more effectively than most mid-tier SaaS peers.

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Freshworks posts $194.6 Mn revenue in Q4, projects $809 Mn for CY25

EntrackrEntrackr · 11m ago
Freshworks posts $194.6 Mn revenue in Q4, projects $809 Mn for CY25
Medial

Freshworks posts $194.6 Mn revenue in Q4, projects $809 Mn for CY25. SaaS firm Freshworks registered a 21.6% year-on-year growth in the fourth quarter of the last calendar year (2024). Meanwhile, the company narrowed its losses by 21.8% during the same period. Freshworks operating revenue grew to $194.5 million in the quarter ending December 2024 from $160 million in Q4 CYFY23, its regulatory filing accessed from NASDAQ shows. Moving over to the cost side, Freshworks’s sales and marketing formed 46% of the overall expenditure which modestly increased by 1.8% to $90.6 million in Q4 CY24. The company’s spending on research, employees, and general overhead took the overall cost to $216.4 million in Q4 CY24. The decent increase in growth and controlled cost mechanism helped Freshworks to reduce its losses by 21.8% to $21.9 million in Q4 CY24 from $28 million in Q4 CY23. The company anticipates generating revenue between $190 million and $193 million in the first quarter of CY25, with total annual revenue projected to reach $809 million for the full year.

Freshworks posts $205 Mn revenue in Q2 CY25, cuts losses by 80%

EntrackrEntrackr · 6m ago
Freshworks posts $205 Mn revenue in Q2 CY25, cuts losses by 80%
Medial

Freshworks posts $205 Mn revenue in Q2 CY25, cuts losses by 80% Freshworks' operating revenue grew to $204.7 million in the quarter ending June 2025 from $174 million in Q2 CY24, its regulatory filing accessed from NASDAQ shows. SaaS firm Freshworks registered an 18% year-on-year growth in the second quarter of the ongoing calendar year (2025). Meanwhile, the company narrowed its losses from operations by 80% during the same period. “Freshworks delivered another strong quarter, exceeding our previously provided financial estimates in Q2 with 18% year-over-year revenue growth to $204.7 million, a 29% operating cash flow margin, and 27% adjusted free cash flow margin,” said Dennis Woodside, Chief Executive Officer and President of Freshworks. The company registered a 4% Quarter-on-quarter growth from $196 million in Q1 CY25. For the full fiscal year, it registered 20.8% growth from $596 million in CY23 to $720 million in CY24. Freshworks provides marketing, sales, support, and IT solutions through a portfolio of products: Freshservice, Freshdesk, Freshmarketer, Freshchat, and Freshsales to global companies. Moving over to the cost side, Freshworks’s sales and marketing formed 52% of the overall expenditure, which saw a decline of 8.7% to $95 million in Q2 CY25. The company’s spending on research, employees, and general overhead took the overall cost to $182 million in Q2 CY25. The decent increase in growth and controlled cost mechanism helped Freshworks to reduce its losses from operations by 80% to $9 million in Q2 CY25 from $44 million in Q2 CY24. The company anticipates generating revenue between $822.9 million and $828.9 million in the full financial year of CY25, with a YoY growth between 14%-15%.

Freshworks posts $196 Mn revenue in Q1 CY25, cuts op-losses by 67%

EntrackrEntrackr · 9m ago
Freshworks posts $196 Mn revenue in Q1 CY25, cuts op-losses by 67%
Medial

Freshworks posts $196 Mn revenue in Q1 CY25, cuts op-losses by 67% Freshworks operating revenue grew to $196.2 million in the quarter ending March 2025 from $165.1 million in Q1 CYFY24, its regulatory filing accessed from NASDAQ shows. SaaS firm Freshworks registered a 19% year-on-year growth in the first quarter of the ongoing calendar year (2025). Meanwhile, the company narrowed its losses from operations by 67.7% during the same period. “Freshworks delivered a strong first quarter, surpassing our earlier financial projections with revenue rising 19% year-over-year to $196.3 million. We also achieved an operating cash flow margin of 30% and an adjusted free cash flow margin of 28%,” said Dennis Woodside, Chief Executive Officer and President of Freshworks. The company registered a 20.8% year-on-year growth during the full year, raising its scale from $596 million in CY23 to $720 million in CY24. Freshworks provides marketing, sales, support, and IT solutions through a portfolio of products: Freshservice, Freshdesk, Freshmarketer, Freshchat, and Freshsales to global companies. Moving over to the cost side, Freshworks’s sales and marketing formed 43% of the overall expenditure, which saw a decline of 5.8% to $89.1 million in Q1 CY25. The company’s spending on research, employees, and general overhead took the overall cost to $207.6 million in Q1 CY25. The decent increase in growth and controlled cost mechanism helped Freshworks reduce its losses from operations by 67.7% to $10.4 million in Q1 CY25 from $32.1 million in Q1 CYFY24. The company anticipates generating revenue between $197.3 million and $200.3 million in the second quarter of CY25, with total annual revenue projected to reach $824 million for the full year. During the last quarter of its previous financial year (Q4 CY24), Freshworks reduced the workforce by 13% to streamline its operations. The firm also announced a $400 million stock buyback program.

Freshworks cuts losses by 14% in Q2; eyes $713 Mn revenue in CY24

EntrackrEntrackr · 1y ago
Freshworks cuts losses by 14% in Q2; eyes $713 Mn revenue in CY24
Medial

SaaS firm Freshworks registered a 5.5% growth quarter-on-quarter in the second quarter of the calendar year. Meanwhile, the company managed to narrow its losses by 13.7% during the same period. Freshworks operating revenue grew to $174.1 million in the quarter ending June 2024 from $165.1 million in Q1 CYFY24, its regulatory filing accessed from NASDAQ shows. Freshworks provides marketing, sales, support, and IT solutions through a portfolio of products: Freshservice, Freshdesk, Freshmarketer, Freshchat, and Freshsales to global companies. Freshworks acquired Device42 for $230 million in June this year. Consequently, Device42’s revenue will be included in Freshworks’ financials for the upcoming third quarter (Q3). Moving over to the cost side, Freshworks’s sales and marketing formed 50% of the overall expenditure which increased by 18.5% to $104.2 in Q2 CY24. The company’s spending on research, employees, and general overhead took the overall cost to $207.4 million in Q2 CY24. The decent increase in growth and controlled cost mechanism helped Freshworks to reduce its losses by 13.7% to $20.1 million in Q2 CY24 from $23.3 million in Q1 CY24. Freshworks said that it aims to achieve approximately $180-183 million in revenue for the third quarter of CY 2024. It targets to reach $707-713 million in revenue for the full year ending December 2024. In May, Freshworks founder Girish Mathrubootham stepped down from the position of chief executive officer. While Mathrubootham took the role of executive chairman, the company’s president Dennis Woodside was elevated as the new CEO.

MakeMyTrip posts $295 Mn revenue in Q3 FY26; profit down 74%

EntrackrEntrackr · 10d ago
MakeMyTrip posts $295 Mn revenue in Q3 FY26; profit down 74%
Medial

MakeMyTrip posts $295 Mn revenue in Q3 FY26; profit down 74% Online travel booking (OTA) giant MakeMyTrip, which is listed on NASDAQ, has announced its financial results for the third quarter of the ongoing fiscal year ending December 31, 2026. The company’s profit decreased by 74% in the period. MakeMyTrip’s operating revenue increased by 11% to $295.7 million in Q3 FY26 from $267 million in Q3 FY25, as per its financial statements filed with NASDAQ. Hotels and packaging contributed 54% of the company’s revenue, which increased by 9.5% to $191 million in Q3 FY26, up from $147 million in Q3 FY25. Air ticketing accounted for 20% of the revenue, generating $60 million, while bus ticketing generated $37 million in the period. For the nine-month period, the company’s revenue increased by 8% to $794 million from $733 million, a year earlier. MakeMyTrip’s total expenses rose 18% to $289 million in Q3 FY26 from $244 million in Q3 FY25. Service cost accounted for 30% of the total, increasing 14% to $88 million in Q3 FY26. Finance cost, personal expense, and advertising were other major costs for MakeMyTrip in the last quarter. With the company’s expenses increasing more than revenue, MakeMyTrip’s profit decreased by 74% to $7 million in Q3 FY26 compared to $27 million in Q3 FY25. On a unit basis, the Gurugram-based company spent Rs 0.98 to earn a rupee of operating revenue during the last quarter.

FirstCry-parent posts Rs 2,172 Cr revenue in Q3 FY25, cuts losses by 70%

EntrackrEntrackr · 11m ago
FirstCry-parent posts Rs 2,172 Cr revenue in Q3 FY25, cuts losses by 70%
Medial

FirstCry-parent posts Rs 2,172 Cr revenue in Q3 FY25, cuts losses by 70% Brainbees Solutions, the parent company of kids-focused omnichannel retailer FirstCry, has released its Q3 FY25 today. The report highlights sound financial growth, with a 14.3% year-on-year growth in scale and controlled losses by 70%. FirstCry's revenue from operations grew to Rs 2,172 crore in Q3 FY25 from Rs 1,900 crore in Q3 FY24, its unaudited financial statements sourced from the National Stock Exchange (NSE) show. The sale of its products through offline stores and websites in India and the international market was the primary source of revenue, accounting for nearly 82% of total operating revenue, while its subsidiary, GlobalBees, contributed Rs 422 crore. The company also made Rs 44 crore from interest income which took its overall revenue to Rs 2,217 crore in Q3 FY25, compared to Rs 1,936 crore in Q3 FY24. For the omnichannel retailer, the cost of procurement of materials accounted for 66% of the overall expenditure which increased 17% year-on-year to Rs 1,451 crore in Q3 FY25 from Rs 1,239 crore in Q3 FY24. FirstCry’s employee benefits stood at Rs 177 crore in Q3 FY25 which includes Rs 28 crore as ESOP cost. The marketing, legal, rent, and technology were other overheads that pushed the overall expenditure to Rs 2,210 crore in Q3 FY25 from Rs 1,978 crore in Q3 FY24. The decent scale and controlled expenditure helped FirstCry to reduce its losses by 70% to Rs 15 crore in the last quarter. Notably, the company reported a positive EBITDA of Rs 152 crore. As of the last trading session, FirstCry’s share price stood at Rs 419 per share, with a total market capitalization of Rs 21,753.8 crore (approximately $2.5 billion).

Swiggy posts Rs 6,148 Cr revenue in Q3 FY26, losses jump 32%

EntrackrEntrackr · 2d ago
Swiggy posts Rs 6,148 Cr revenue in Q3 FY26, losses jump 32%
Medial

Swiggy posts Rs 6,148 Cr revenue in Q3 FY26, losses jump 32% Foodtech and quick commerce major Swiggy has reported a 54% year-on-year growth in its operating revenue, which spiked to Rs 6,148 crore during Q3 FY26 as compared to Rs 3,993 crore in Q3 FY25. However, the Bengaluru-based company’s losses increased in the same period. Scootsy Logistics contributed a major 48% of Swiggy’s overall operating revenue. Income from this entity increased by 76% YoY to Rs 2,981 crore in Q3 FY26 from Rs 1,693 crore in Q3 FY25. Swiggy’s food delivery business continues to be one of the major contributors, accounting for 33% of the total collection in Q3 FY26. Revenues from this vertical grew 25% to Rs 2,039 crore from Rs 1,635 crore in Q3 FY25. The company’s quick commerce segment also saw remarkable growth, with revenue surging by 76% to Rs 1,016 crore in Q3 FY26 from Rs 577 crore in Q3 FY25. Swiggy’s Dine Out, Genie, Swiggy Mini and other non-operating income took its total revenue to Rs 6,244 crore in Q3 FY26. On the cost side, the procurement of FMCG products for supply chain distribution formed 38% of its overall cost, which increased by 76% to Rs 2,746 crore in Q3 FY26. Meanwhile, the delivery charges saw 36% growth to Rs 1,533 crore in Q3 FY26. Swiggy spent Rs 673 crore and Rs 1,108 crore on employee benefits and advertising, respectively. Overall, Swiggy’s total expenses for the quarter increased 49% to Rs 7,298 crore from Rs 4,898 crore in Q3 FY25. The company’s losses increased by 33% to Rs 1,065 crore in Q3 FY26 from Rs 803 crore in Q3 FY25. For the nine-month period, the company’s loss stood at Rs 3,354 crore. As of December 31, 2025, Swiggy had cash and cash equivalents of Rs 13,512 crore, which included Rs 9,931 crore from net QIP proceeds. The company also received around Rs 2,400 crore from the sale of its stake in Rapido, taking its proforma cash balance to about Rs 15,900 crore. Swiggy shares were trading at Rs 324 at the end of Thursday with a total market capitalization of Rs 89,392 crore.

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