secwatch.observer — SEC 8-K summary
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Issuer:     Freshworks Inc. (FRSH)
CIK:        0001544522
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001544522-24-000056
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 2.05, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1544522/000154452224000056/0001544522-24-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1544522/000154452224000056/frsh-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001544522-24-000056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer