Freshworks Q3 revenue up 22% to $186.6M, cuts 13% workforce, approves $400M buyback

Freshworks Inc.

2024-Q3 EPS reported -$0.24 revenue$525,849,000

Revenue $186.6M (+22% YoY); Non-GAAP diluted EPS $0.11 vs $0.08.
GAAP net loss $0.10/share; Non-GAAP income from ops $24.0M.
Restructuring to cut ~660 jobs (13% of workforce); $11-13M charge in Q4 2024.
Board authorized $400M stock repurchase program for Class A common stock.
Net cash from ops $42.3M, FCF $40.1M; cash & securities $1.05B.

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